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.

IMF Working Papers

Working Paper No. 05/93

GDP Growth, Potential Output, and Output Gaps in Mexico

Faal, Ebrima

Working Paper No. 05/94

Regional Trade Integration and WTO Accession: Which is the Right Sequencing? An Application to the CIS

Tumbarello, Patrizia

Working Paper No. 05/95

International Risk Sharing and Currency Unions: The CFA Zones

Yehoue, Etienne B.

Working Paper No. 05/96

Cross-Country Empirical Studies of Systemic Bank Distress: A Survey

Demirgüç-Kunt, Asli; Detragiache, Enrica

Working Paper No. 05/97

Reforming Labor and Product Markets: Some Lessons from Two Decades of Experiments in Europe

Boeri, Tito

Working Paper No. 05/98

Are Emerging Market Countries Learning to Float?

Hakura, Dalia

Working Paper No. 05/99

New Rates from New Weights

Bayoumi, Tamim A.; Lee, Jaewoo; Jayanthi, Sarma

Working Paper No. 05/100

Does Foreign Aid Reduce Poverty? Empirical Evidence from Nongovernmental and Bilateral Aid

Masud, Nadia; Yontcheva, Boriana

Working Paper No. 05/101

Crouching Tiger, Hidden Dragon: What are the Consequences of China’s WTO Entry for India’s Trade

Cerra, Valerie; Rivera, Sandra A.; Saxena, Sweta Chaman

Working Paper No. 05/102

Outsourcing Tariff Evasion: A New Explanation for Entrepot Trade

Fisman, Raymond; Moustakerski, Peter; Wei, Shang-Jin

Working Paper No. 05/103

Technology Diffusion, Services, and Endogenous Growth in Europe. Is the Lisbon Strategy Useful?

Guerrieri, Paolo; Maggi, Bernardo; Meliciani, Valentina; Padoan, Pier Carlo

Working Paper No. 05/104

Reforming the Russian Budget System: A Move to More Devolved Budget Management?

Diamond, Jack

Working Paper No. 05/105

Three Attempts at Inflation Forecasting in Pakistan

Bokil, Madhavi; Schimmelpfennig, Axel

Working Paper No. 05/106

Underlying Factors Driving Fiscal Effort in Emerging Market Economies

Abiad, Abdul; Baig, Taimur

Working Paper No. 05/107

Efficiency and Legitimacy: Trade-Offs in IMF Governance

Cottarelli, Carlo

Working Paper No. 05/108

Subnational Public Financial Management: Institutions and Macroeconomic Considerations

Ahmad, Ehtisham; Albino-War, Maria A; Singh, Raju

Working Paper No. 05/109

What Drives Inflation Expectations in Brazil? An Empirical Analysis

Cerisola, Martin; Gelos, R. Gaston

Working Paper No. 05/110

Foreign Direct Investment in Southeastern Europe: How (and How Much) Can Policies Help?

Demekas, Dimitri G.; Horváth, Balázs; Ribakova, Elina; Wu, Yi

Working Paper No. 05/111

Migration and Foreign Remittances in the Philippines

Burgess, Robert; Haksar, Vikram

Working Paper No. 05/112

Tax Revenue and (or?) Trade Liberalization

Baunsgaard, Thomas; Keen, Michael

Working Paper No. 05/113

Labor Productivity and Real Exchange Rate: The Balassa-Samuelson Disconnect in the Former Yugoslav Republic of Macedonia

Loko, Boileau; Tuladhar, Anita

Working Paper No. 05/114

Latin American Central Bank Reform: Progress and Challenges

Carstens, Agustin; Jácome H., Luis Ignacio

Working Paper No. 05/115

Who Controls the Budget: The Legislature or the Executive?

Lienert, Ian

Working Paper No. 05/116

Does the World Need a Universal Financial Institution?

Boughton, James M.

Working Paper No. 05/117

A Cross-Country Non-Parametric Analysis of Bahrain’s Banking Sector

Grigorian, David A.; Manole, Vlad

Working Paper No. 05/118

Pace and Sequencing of Economic Policies

Zalduendo, Juan

Working Paper No. 05/119

The Dynamic Implications of Foreign Aid and Its Variability

Arellano, Cristina; Bulir, Aleš; Lane, Timothy D.; Lipschitz, Leslie

Working Paper No. 05/120

Deficit Limits, Budget Rules and Fiscal Policy

Manasse, Paolo

Working Paper No. 05/121

On the Viability of Conditional Assistance Programs

Mayer, Wolfgang; Mourmouras, Alex

Working Paper No. 05/122

Regional Integration of Stock Exchanges in Eastern and Southern Africa: Progress and Prospects

Irving, Jacqueline

Working Paper No. 05/123

Endowment versus Finance: A Wooden Barrel Theory of International Trade

Ju, Jiandong; Wei, Shang-Jin

Working Paper No. 05/124

Regional Financial Conglomerates: A Case for Improved Supervision

Majaha-Jartby, Julia; Olafsson, Thordur

Working Paper No. 05/125

Overpricing in Emerging Market Credit-Default-Swap Contracts: Some Evidence from Recent Distress Cases

Singh, Manmohan; Andritzky, Jochen R.

Working Paper No. 05/126

What Undermines Aid’s Impact on Growth?

Rajan, Raghuram; Subramanian, Arvind

Working Paper No. 05/127

Aid and Growth: What Does the Cross-Country Evidence Really Show?

Rajan, Raghuram; Subramanian, Arvind

Working Paper No. 05/128

Too Much of a Good Thing? Credit Booms in Transition Economies: The Cases of Bulgaria, Romania, and Ukraine

Duenwald, Christoph; Gueorguiev, Nikolay; Schaechter, Andrea

Working Paper No. 05/129

Bank Behavior in Developing Countries: Evidence from East Africa

Cihák, Martin; Podpiera, Richard

Working Paper No. 05/130

On the Implementation of Transfers to Subnational Governments

Ahmad, Ehtisham; Searle, Bob

Working Paper No. 05/131

Special Agricultural Safeguards: Virtual Benefits and Real Costs-Lessons for the Doha Round

Hallaert, Jean-Jacques

Working Paper No. 05/132

Capital Account Liberalization and the Real Exchange Rate in Chile

LeFort-Varela, Guillermo R.

Working Paper No. 05/133

Slovakia’s 2004 Tax and Welfare Reforms

Moore, David

Working Paper No. 05/134

Wage Flexibility in Turbulent Times: A Practitioner’s Guide

Yamaguchi, Shintaro

Working Paper No. 05/135

The Equilibrium Real Exchange Rate in a Commodity Exporting Country: Algeria’s Experience

Koranchelian, Taline

Working Paper No. 05/136

Liberalization, Prudential Supervision, and Capital Requirements: The Policy Trade-Offs

Ribakova, Elina

Working Paper No. 05/137

Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998–2005

Sturzenegger, Federico; Zettelmeyer, Jeromin

IMF Research Bulletin, September 2005
Author: International Monetary Fund. Research Dept.