Abstract
The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to serve as a summary guide to research done at the IMF on various topics, and to provide a better perspective on the analytical underpinnings of the IMF’s operational work.
April–June 2001
Working Paper No. 01/27
Sustaining Fixed Exchange Rates: A Model with Debt and Institutions
Pitt, Alexander
Working Paper No. 01/28
Euro-Area Banking at the Crossroads
Belaisch, Agnes; Kodres, Laura; Levy, Joaquim V.; Ubide, Angel
Working Paper No. 01/29
What Drives Contagion: Trade, Neighborhood, or Financial Links?
Hernandez, Leonardo F.; Valdes, Rodrigo O.
Working Paper No. 01/30
In Search of Coincident and Leading Indicators of Economic Activity in Argentina
Simone, Alejandro
Working Paper No. 01/31
Inflation Targeting in the Context of IMF-Supported Adjustment Programs
Blejer, Mario I.; Leone, Alfredo M.; Rabanal, Pau; Schwartz, Gerd
Working Paper No. 01/32
Human Capital Convergence: International Evidence
Sab, Randa; Smith, Stephen C.
Working Paper No. 01/33
Africa’s Trade Revisited
Subramanian, Arvind; Tamirisa, Natalia
Working Paper No. 01/34
Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies?
Masson, Paul R.; Pattillo, Catherine
Working Paper No. 01/35
Social Sector Reform in Transition Countries
Heller, Peter S.; Keller, Christian
Working Paper No. 01/36
Mortgage Market Development, Savings, and Growth
Li, Xiaowei
Working Paper No. 01/37
Obstacles to Faster Growth in Transition Economies: The Mongolian Case
Black, Stanley W.
Working Paper No. 01/38
PPP and the Balassa-Samuelson Effect: The Role of the Distribution Sector
MacDonald, Ronald; Ricci, Luca Antonio
Working Paper No. 01/39
The Equilibrium Distributions of Value for Risky Stocks and Bonds
Johannes, Ronald L.
Working Paper No. 01/40
Population Aging in Japan: Demographic Shock and Fiscal Sustainability
Faruqee, Hamid; Muhleisen, Martin
Working Paper No. 01/41
International Trade in Manufactured Products: A Ricardo-Heckscher-Ohlin Explanation with Monopolistic Competition
Choudhri, Ehsan; Hakura, Dalia
Working Paper No. 01/42
How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander
Working Paper No. 01/43
Measures to Limit the Offshore Use of Currencies: Pros and Cons
Ishii, Shogo; Otker-Robe, Inci; Cui, Li
Working Paper No. 01/44
Inflation and Financial Depth
Khan, Mohsin S.; Senhadji, Abdelhak S.; Smith, Bruce
Working Paper No. 01/45
Comparing Projections and Outcomes of IMF-Supported Programs
Musso, Alberto; Phillips, Steven
Working Paper No. 01/46
How Do Countries Choose Their Exchange Rate Regime?
Poirson, Helene
Working Paper No. 01/47
Financial Sustainability and Reform Options for the Albanian Pension Fund
Treichel, Volker
Working Paper No. 01/48
The Fall and Recovery of the Cuban Economy in the 1990s: Mirage or Reality?
Hernandez-Cata, Ernesto
Working Paper No. 01/49
Currency Crises and the Real Economy: The Role of Banks
Disyatat, Piti
Working Paper No. 01/50
High Inflation and Real Wages
Braumann, Benedikt
Working Paper No. 01/51
Securities Transaction Taxes and Financial Markets
Habermeier, Karl; Kirilenko, Andrei
Working Paper No. 01/52
Indonesia: Anatomy of a Banking Crisis, Two Years of Living Dangerously, 1997–99
Enoch, Charles; Baldwin, Barbara; Frecaut, Olivier; Kovanen, Arto
Working Paper No. 01/53
Financial Reforms in Sudan: Streamlining Bank Intermediation
Kireyev, Alexei
Working Paper No. 01/54
International Trade and Poverty Alleviation
Bannister, Geoffrey; Thugge, Kamau
Working Paper No. 01/55
Transition Economies: How Appropriate Is the Size and Scope of Government?
Gupta, Sanjeev; Leruth, Luc; de Mello, Luiz; Chakravarti, Shamit
Working Paper No. 01/56
Interpreting Real Exchange Rate Movements in Transition Countries
De Broeck, Mark; Sløk, Torsten
Working Paper No. 01/57
Intrahousehold Allocation of Resources: The Bolivian Family
Inchauste, Gabriela
Working Paper No. 01/58
Monetary Implications of Cross-Border Derivatives for Emerging Economies
Morales, Armando
Working Paper No. 01/59
Whose Inflation? A Characterization of the CPI Plutocratic Bias
Ley, Eduardo
Working Paper No. 01/60
Price Volatility and Financial Instability
Worrell, DeLisle; Leon, Hyginus
Working Paper No. 01/61
Financial Implications of the Shrinking Supply of U.S. Treasury Securities
Schinasi, Garry J.; Kramer, Charles; Smith, R. Todd
Working Paper No. 01/62
Financial System Standards and Financial Stability: The Case of Basel Core Principles
Sundararajan, V.; Marston, David; Basu, Ritu
Working Paper No. 01/63
Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia
Dekle, Robert; Kletzer, Kenneth M.
Working Paper No. 01/64
Determinants of Private Capital Flows in the 1970s and 1990s: Is There Evidence of Contagion?
Hernandez, Leonardo F.; Mellado, Pamela; Valdes, Rodrigo O.
Working Paper No. 01/65
Intergovernmental Relations and Fiscal Discipline: Between Commons and Soft Budget Constraints
Pisauro, Giuseppe
Working Paper No. 01/66
Sanctions and Civil Conflict
Gershenson, Dimitry
Working Paper No. 01/67
Bank Debit Taxes in Latin America: An Analysis of Recent Trends
Coelho, Isaias; Ebrill, Liam P.; Summers, Victoria P.
Working Paper No. 01/68
The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability
Cashin, Paul; McDermott, C. John
Working Paper No. 01/69
An Exploration of the Private Sector Response to Changes in Government Saving Across OECD Countries
Thomas, Alun H.
Working Paper No. 01/70
What is Different About Family Businesses?
Chami, Ralph
Working Paper No. 01/71
Fiscal Decentralization and Governance: A Cross-Country Analysis
de Mello, Luiz; Barenstein, Matias
Working Paper No. 01/72
Treatment of Mobile Phone Licenses in the National Accounts
Dippelsman, Robert; Maehle, Nils
Working Paper No. 01/73
Competition Among Regulators
Dell’Ariccia, Giovanni; Marquez, Robert
Working Paper No. 01/74
Fiscal Deficits and Inflation: A New Look at the Emerging Market Evidence
Catao, Luis; Terrones, Marco
Working Paper No. 01/75
Domestic Petroleum Price Smoothing in Developing and Transition Countries
Federico, Giulio; Daniel, James; Bingham, Benedict
Working Paper No. 01/76
The International Lender of Last Resort: How Large Is Large Enough?
Jeanne, Olivier; Wyplosz, Charles
Working Paper No. 01/77
Wealth Effects and the New Economy
Edison, Hali; Sløk, Torsten
Working Paper No. 01/78
New Economy Stock Valuations and Investment in the 1990s
Edison, Hali; Sløk, Torsten
Working Paper No. 01/79
Benefits of Compliance with Securities Listing Standards: Evidence from the Depository Receipt Market
Sarr, Abdourahmane
IMF Working Papers and other IMF publications can be downloaded in full-text format from the Research at the IMF website at http://www.imf.org/research.