IMFstaffpapers
Robert Flood
Editor and Committee Chair
Ayhan Kose
Co-Editor
David Einhorn
Assistant Editor
Jelena Kmezic
Research Assistant
Rosalind Oliver
Administrative Coordinator
Editorial Committee
| Eduardo Borensztein | Laura Kodres |
| Tito Cordelia | Prakash Loungani |
| Giovanni Dell’Ariccia | Donald J. Mathieson |
| Enrica Detragiache | Gian Maria Milesi-Ferretti |
| Atish R. Ghosh | Chris Papageorgiou |
| Olivier Jeanne | Jorge Roldos |
| Andrei Kirilenko | Antonio Spilimbergo |
| Eduardo Borensztein | Laura Kodres |
| Tito Cordelia | Prakash Loungani |
| Giovanni Dell’Ariccia | Donald J. Mathieson |
| Enrica Detragiache | Gian Maria Milesi-Ferretti |
| Atish R. Ghosh | Chris Papageorgiou |
| Olivier Jeanne | Jorge Roldos |
| Andrei Kirilenko | Antonio Spilimbergo |
The objective of IMF Staff Papers is to publish high-quality research on a variety of topics of interest to a broad audience including academics and policymakers in the member countries of the Fund. IMF Staff Papers is open to outside submissions. The papers selected for publication in the journal are subject to an extensive review process using both internal and external referees. IMF Staff Papers also welcomes outside comments, criticisms, and interesting replications of published work. The views presented in published papers are those of the authors and should not be attributed to or reported as reflecting the position of the IMF, its Executive Board, or any other organization mentioned herein.
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E-mail: publications@imf.org
Internet: www.palgrave-journals.com/imfsp
Front Matter Page
EDITOR’S NOTE
The Editor invites from contributors outside the IMF brief comments (not more than 1,000 words) on published articles in IMF Staff Papers. These comments should be addressed to the Editor, who will forward them to the author of the original article for reply. Both the comments and the reply will be considered for publication.
The data underlying articles published in IMF StaffPapers (where available) may be obtained from the journal’s website (www.palgrave-journals.com/imfsp). Readers are invited to use these data to expand on the material in the articles, and the journal will consider publishing such work.
© 2008 by the International Monetary Fund
ISBN 9781589067257
International Standard Serial Number: ISSN 1020-7635
This serial publication is catalogued as follows:
International Monetary Fund
IMF staff papers—International Monetary Fund. v. 1– Feb. 1950–
[Washington] International Monetary Fund.
v. tables, diagrs. 26cm.
Three no. a year, 1950-1977; four no. a year, 1978-
Indexes:
Vols. 1-27, 1950-80, 1 v.
ISSN 1020-7635 = IMF staff papers—International Monetary Fund.
1. Foreign exchange—Periodicals. 2. Commerce—Periodicals.
3. Currency question—Periodicals.
HG3810.15 332.082 53-35483