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.

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.

Working Paper No.04/23

Trade Patterns Among Industrial Countries: Their Relationship to Technology Differences and Capital Mobility

Saito, Mika

Working Paper No. 04/24

Monetary Magic? How the Fed Improved the Flexibility of the U.S. Economy

Bayoumi, Tamim A.; Sghcrri, Silvia

Working Paper No, 04/25

Rational Speculation, Financial Crises, and Optimal Policy Responses

Surti, Jay

Working Paper No. 04/26

How Much Do Trading Partners Matter for Economic Growth?

Arora, Vivek B.; Vamvakidis, Athanasios

Working Paper No. 04/27

Equity Prices, Credit Default Swaps, and Bond Spreads in Emerging Markets

Chan-Lau, Jorge; Kim, Yoon S.

Working Paper No. 04/28

Trade Liberalization and Firm Productivity: The Case of India

Topalova, Petia

Working Paper No. 04/29

Inflation Dynamics in the Dominican Republic

Williams, Oral; Adedeji, Olumuyiwa S.

Working Paper No. 04/30

Fiscal Sustainability in Heavily Indebted Countries Dependent on Nonrenewable Resources: The Case of Gabon

Ntamatungiro, Joseph

Working Paper No. 04/31

Imperfect Capital Mobility in an Open Economy Model of Capital Accumulation

Klyuev, Vladimir

Working Paper No. 04/32

The Decentralization Dilemma in India

Purfield, Catriona M.

Working Paper No. 04/33

An Option-Based Approach to Bank Vulnerabilities in Emerging Markets

Chan-Lau, Jorge; Jobert, Arnaud; Kong, Janet

Working Paper No. 04/34

The Determinants of International Portfolio Holdings and Home Bias

Faruqee, Hamid; Li, Shujing; Yan, Isabel K.

Working Paper No. 04/35

Liberalized Markets Have More Stable Exchange Rates: Short-Run Evidence from Four Transition Countries

Bulír, Aleš

Working Paper No. 04/36

China: International Trade and WTO Accession

Rumbaugh, Thomas R.; Blanchcr, Nicolas R.

Working Paper No. 04/37

Competitiveness in Bulgaria: An Assessment of the Real Effective Exchange Rate

Chobanov, Dimitar; Sorsa, Piritta

Working Paper No. 04/38

The Political Economy of Conditional and Unconditional Foreign Assistance: Grants vs. Loan Rollovers

Mourmouras, Alexandras T.; Mayer, Wolfgang

Working Paper No. 04/39

Autocorrelation-Corrected Standard Errors in Panel Probits: An Application to Currency Crisis Prediction

Berg, Andrew; Coke, Rebecca N.

Working Paper No. 04/40

And Schumpeter Said, “This Is How Thou Shalt Grow”: Further Quest for Economic Growth in Poor Countries

Beaugrand, Philippe

Working Paper No. 04/41

Forecasting Commodity Prices: Futures Versus Judgment

Bowman, Chakriya; Husain, Aasim M.

Working Paper No. 04/42

Public Expenditure Management in Francophone Africa: A Cross-Country Analysis

Moussa, Yaya

Working Paper No. 04/43

India in the 1980s and 1990s: A Triumph of Reforms

Panagariya, Arvind

Working Paper No. 04/44

Debt Crises and the Development of International Capital Markets

Pescatori, Andrea; Sy, Amadou N.

Working Paper No. 04/45

A Multivariate Filter for Measuring Potential Output and the NAIRU: Application to the Czech Republic

Benes, Jaromir; N’Diaye, Papa

Working Paper No. 04/46

Domestic Debt Markets in Sub-Saharan Africa

Christensen, Jakob E.

Working Paper No. 04/47

When Is Growth Pro-Poor? Cross-Country Evidence

Kraay, Aart

IMF Working Papers and other IMF publications can be down-loaded in full-text format from the Research at the IMF website: http://www.imf.org/research.

IMF Research Bulletin, June 2004
Author: International Monetary Fund. Research Dept.