Working Paper No. 00/155

Determinants of Barter in Russia: An Empirical Analysis

Commander, Simon; Dolinskaya, Irina; Mumssen, Christian

Working Paper No. 00/156

Inside the Crisis: An Empirical Analysis of Banking Systems in Distress

Demirguc-Kunt, Asli; Detragiache, Enrica; Gupta, Poonam

Working Paper No. 00/157

What Caused the 1991 Currency Crisis in India?

Cerra, Valerie; Saxena, Sweta Chaman

Working Paper No. 00/158

Inflation Targeting Under Potential Output Uncertainty

Gaiduch, Victor; Hunt, Benjamin

Working Paper No. 00/159

An Interest Rate Defense of a Fixed Exchange Rate?

Flood, Robert P.; Jeanne, Olivier

Working Paper No. 00/160

The Russian Default and the Contagion to Brazil

Goldfajn, Ilan; Baig, Taimur

Working Paper No. 00/161

Technological Adaptation, Trade, and Growth

Chong, Alberto; Zanforlin, Luisa

Working Paper No. 00/162

Forecasting Inflation in Chile Using State-Space and Regime-Switching Models

Simone, Francisco Nadal-De

Working Paper No. 00/163

Banks’ Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention

Bartolini, Leonardo; Bertola, Giuseppe; Prati, Alessandro

Working Paper No. 00/164

The Impact of Tax and Welfare Policies on Employment and Unemployment in OECD Countries

Disney, Richard

Working Paper No. 00/165

The Effects of Monetary and Fiscal Policy on Aggregate Demand in a Small Open Economy: An Application of the Structural Error Correction Model

Konuki, Tetsuya

Working Paper No. 00/166

Health Care and Its Financing in Italy: Issues and Reform Options

Reviglio, Franco

Working Paper No. 00/167

The Plutocratic Bias in the CPI: Evidence from Spain

Ruiz-Castillo, Javier

Working Paper No. 00/168

Does IMF Financing Result in Moral Hazard?

Lane, Timothy; Phillips, Steven

Working Paper No. 00/169

Tales From Two Neighbors: Productivity Growth in Canada and the United States

Cerisola, Martin; Chan-Lau, Jorge

Working Paper No. 00/170

Fiscal Policy Through Time-Varying Tax Rates: If and How

Kaufman, Martin

Working Paper No. 00/171

Pension Reform, Private Saving, and the Current Account in a Small Open Economy

Schimmelpfennig, Axel

Working Paper No. 00/172

Good, Bad or Ugly? On The Effects of Fiscal Rules with Creative Accounting

Milesi-Ferretti, Gian Maria

Working Paper No. 00/173

The Disappearing Tax Base: Is Foreign Direct Investment (FDI) Eroding Corporate Income Taxes?

Gropp, Reint E.; Kostial, Kristina

Working Paper No. 00/174

Voting on the “Optimal” Size of Government

Olters, Jan-Peter

Working Paper No. 00/175

Trade and Domestic Financial Market Reform Under Political Uncertainty: Implications for Investment, Savings, and the Real Exchange Rate

Bhattacharya, Rina

Working Paper No. 00/176

Smuggling, Currency Substitution, and Unofficial Dollarization: A Crime-Theoretic Approach

Mourmouras, Alex; Russell, Steven H.

Working Paper No. 00/177

International Debt and the Price of Domestic Assets

Auernheimer, Leonardo; Garcia-Saltos, Roberto

Working Paper No. 00/178

Israeli Inflation from an International Perspective

Fischer, Stanley; Orsmond, David

Working Paper No. 00/179

Inflation, Debt, and Default in a Monetary Union

Jahjah, Samir

Working Paper No. 00/180

The Cost of Government and the Misuse of Public Assets

Tanzi, Vito; Prakash, Tej

Working Paper No. 00/181

Globalization, Technological Developments, and the Work of Fiscal Termites

Tanzi, Vito

Working Paper No. 00/182

Corruption, Growth, and Public Finances

Tanzi, Vito; Davoodi, Hamid

Working Paper No. 00/183

Optimal Inventory Policies When the Demand Distribution Is Not Known

Larson, Erik; Olson, Lars; Sharma, Sunil

Working Paper No. 00/184

The Asymmetric Effects of Exchange Rate Fluctuations: Theory and Evidence from Developing Countries

Kandil, Magda

Working Paper No. 00/185

How Can Fiscal Policy Help Avert Currency Crises?

Kopits, George

Working Paper No. 00/186

Transparency in Central Bank Financial Statement Disclosures

Sullivan, Kenneth

Working Paper No. 00/187

Poverty, Inequality, and Unethical Behavior of the Strong

Hillman, Arye

Working Paper No. 00/188

Endogenous Money Supply and Money Demand

Choi, Woon Gyu; Oh, Seonghwan

Working Paper No. 00/189

To “B” or not to “B”: A Welfare Analysis of Breaking Up Monopolies in an Endogenous Growth Model

Xie, Danyang

Working Paper No. 00/190

Emerging Market Spreads: Then Versus Now

Mauro, Paolo; Sussman, Nathan; Yafeh, Yishay

Working Paper No. 00/191

Effects of Volatile Asset Prices on Balance of Payments and International Investment Position Data

Committeri, Marco

Working Paper No. 00/192

Northwest of Suez: The 1956 Crisis and the IMF

Boughton, James M.

Working Paper No. 00/193

Explaining Economic Growth with Imperfect Credit Markets

Carranza, Luis

Working Paper No. 00/194

The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution

Choi, Woon Gyu

Working Paper No. 00/195

Loan Review, Provisioning, and Macroeconomic Linkages

Cortavarria, Luis; Dziobek, Claudia; Kanaya, Akihiro; Song, Inwon

Working Paper No. 00/196

External Debt Management in Low-Income Countries

Bangura, Sheku; Kitabire, Damoni; Powell, Robert

Working Paper No. 00/197

Demand-Side Stabilization Policies: What Is the Evidence of Their Potential?

Kandil, Magda

Working Paper No. 00/198

A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

Borensztein, Eduardo R.; Gelos, R. Gaston

Working Paper No. 00/199

Dual Currency Boards: A Proposal for Currency Stability

Oppers, S. Erik; Office in Europe

Working Paper No. 00/200

What Happened to Asian Exports During the Crisis?

Duttagupta, Rupa; Spilimbergo, Antonio

Working Paper No. 00/201

Cooption and Repression in the Soviet Union

Gershenson, Dmitry; Grossman, Herschel

Working Paper No. 00/202

Measuring Off-Balance Sheet Leverage

Breuer, Peter

Working Paper No. 00/203

El Nino and World Primary Commodity Prices: Warm Water or Hot Air?

Brunner, Allan

Working Paper No. 00/204

Comprehensive Measures of GDP and the Unrecorded Economy

Bloem, Adriaan M.; Shrestha, Manik

Working Paper No. 00/205

Government Spending, Rights, and Civil Liberties

de Mello, Luiz; Sab, Randa

Working Paper No. 00/206

Day-to-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate

Bartolini, Leonardo; Bertola, Giuseppe; Prati, Alessandro

Working Paper No. 00/207

Inflation in Albania

Rother, Philipp

Working Paper No. 00/208

Will the Emergence of the Euro Affect World Commodity Prices?

Cuddington, John; Hong Liang

Working Paper No. 00/209

Financial Development and Economic Growth: An Overview

Khan, Mohsin S.; Senhadji, Abdelhak S.

Working Paper No. 00/210

The U.K. Business Cycle, Monetary Policy, and EMU Entry

Kontolemis, Zenon G.; Samiei, Hossein

Working Paper No. 00/211

An Incentive Approach to Identifying Financial System Vulnerabilities

Johnston, R. Barry; Chai, Jingqing

Working Paper No. 00/212

Measuring Integrated Market and Credit Risks in Bank Portfolios: An Application to a Set of Hypothetical Banks Operating in South Africa

Barnhill, Theodore; Papapanagiotou, Panagiotis; Schumacher, Liliana

Working Paper No. 00/213

Issues in the Unification of Financial Sector Supervision

Abrams, Richard K.; Taylor, Michael

Working Paper No. 00/214

Depositor Behavior and Market Discipline in Colombia

Barajas, Adolfo; Steiner, Roberto

Working Paper No. 00/215

The Role of Subordinated Debt in Market Discipline: The Case of Emerging Markets

Karacadag, Cem; Shrivastava, Animesh

Working Paper No. 00/216

The New Economy and Global Stock Returns

Brooks, Robin; Catao, Luis

IMF Working Papers and other IMF publications can be downloaded in full-text format from the IMF website at http://www.imf.org/external/pubind.htm.