Abstract
IMF research summaries on (1) oil market developments and the global economy (by Selim Elekdag), and (2) credit booms (by Marco Terrones); country study on India (by Helene Poirson); call for papers for November 2007 Jacques Polak Eighth Annual Research Conference; listing of contents of Vol. 54, Issue No. 2 of IMF Staff Papers; listing of recent IMF Working Papers; and listing of visiting scholars at the IMF during April-June 2007
2006
No. 06/222
“Economic and Political Determinants of Tax Amnesties in the U.S. States”
Le Borgne, Eric
No. 06/223
“Default, Credit Growth, and Asset Prices”
Segoviano Basurto, Miguel A.; Goodhart, C. A. E.; Hofmann, Boris
No. 06/224
“A Debt Overhang Model for Low-Income Countries: Implications for Debt Relief”
Koeda, Junko
No. 06/225
“Assessing Banking Sector Soundness in a Long-Term Framework: The Case of Venezuela”
Blavy, Rodolphe
No. 06/226
“Beauty Queens and Wallflowers: Currency Unions in the Middle East and Central Asia”
Berengaut, Julian; Elborgh-Woytek, Katrin
No. 06/227
“The Measurement of Central Bank Autonomy: Survey of Models, Indicators, and Empirical Evidence”
Arnone, Marco; Laurens, Bernard; Segalotto, Jean-Francois
No. 06/228
“Measures of Central Bank Autonomy: Empirical Evidence for OECD, Developing, and Emerging Market Economies”
Arnone, Marco; Laurens, Bernard; Segalotto, Jean-Francois
No. 06/229
“The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications”
Jeanne, Olivier; Ranciere, Romain
No. 06/230
“Productivity Growth, Technological Convergence, R&D, Trade, and Labor Markets: Evidence from the French Manufacturing Sector”
No. 06/231
“Barriers to Retail Competition and Prices: Evidence from Spain”
Hoffmaister, Alexander W.
No. 06/232
“Gender Budgeting”
Stotsky, Janet Gale
No. 06/233
“Gender and Its Relevance to Macroeconomic Policy: A Survey”
Stotsky, Janet Gale
No. 06/234
“Pacific Island Countries: Possible Common Currency Arrangement”
Browne, Christopher; Orsmond, David William Harold
No. 06/235
“Public Debt and Productivity: The Difficult Quest for Growth in Jamaica”
Blavy, Rodolphe
No. 06/236
“FEER for the CFA Franc”
Abdih, Yasser; Tsangarides, Charalambos G.
No. 06/237
“Diversity in the Workplace”
Morgan, John; Vardy, Felix J. J.
No. 06/238
“Bond Markets as Conduits for Capital Flows: How Does Asia Compare? “
Eichengreen, Barry J.; Luengnaruemitchai, Pipat
No. 06/239
“How Does the Global Economic Environment Influence the Demand for IMF Resources?”
Elekdag, Selim
No. 06/240
“Revenue Authorities: Issues and Problems in Evaluating Their Success”
Kidd, Maureen; Crandall, William Joseph
No. 06/241
“Integration of the Securities Market Infrastructure in the European Union: Policy and Regulatory Issues”
Kazarian, Elias G.
No. 06/242
“Banking on the Principles: Compliance with Basel Core Principles and Bank Soundness”
Demirgüç-Kunt, Asli; Detragiache, Enrica; Tressel, Thierry
No. 06/243
“Fuel Price Subsidies in Gabon: Fiscal Cost and Distributional Impact”
El-Said, Moataz; Leigh, Daniel
No. 06/244
“New Evidence on Fiscal Adjustment and Growth in Transition Economies”
Segura-Ubiergo, Alex; Simone, Alejandro; Gupta, Sanjeev
No. 06/245
“A Small Foreign Exchange Market with a Long-Term Peg: Barbados”
Worrell, DeLisle; Craigwell, Roland; Mitchell, Travis
No. 06/246
“Monetary Transmission Mechanisms in Belarus”
Horvath, Balazs; Maino, Rodolfo
No. 06/247
“The Magnitude and Distribution of Fuel Subsidies: Evidence from Bolivia, Ghana, Jordan, Mali, and Sri Lanka”
Coady, David; El-Said, Moataz; Gillingham, Robert; Kpodar, Kangni; Medas, Paulo A.; Newhouse, David Locke
No. 06/248
“Transmission Mechanisms of Monetary Policy in Armenia: Evidence from VAR Analysis”
Dabla-Norris, Era; Floerkemeier, Holger
No. 06/249
“Testing Real Interest Parity in Emerging Markets”
Singh, Manmohan; Banerjee, Abhisek
No. 06/250
“What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador”
Saca, Nolvia N.; Cáceres, Luis René
No. 06/251
“Are the French Happy with the 35-Hour Workweek? “
Estevao, Marcello M.; Sa, Filipa
No. 06/252
“Sustaining Latin America’s Resurgence: Some Historical Perspectives”
Singh, Anoop; Cerisola, Martin D.
No. 06/253
“Fiscal Consolidation in Israel: A Global Fiscal Model Perspective”
Elekdag, Selim; Epstein, Natan P.; Moreno-Badia, Marialuz
No. 06/254
“The Pricing of Credit Default Swaps During Distress”
Andritzky, Jochen R.; Singh, Manmohan
No. 06/255
“Exchange Rate Risk Measurement and Management: Issues and Approaches for Firms”
Papaioannou, Michael G.
No. 06/256
“Goal-Independent Central Banks: Why Politicians Decide to Delegate”
Crowe, Christopher W.
No. 06/257
“To Smooth or Not to Smooth: The Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan”
Saadi-Sedik, Tahsin; Petri, Martin
No. 06/258
“Financial Development, the Structure of Capital Markets, and the Global Digital Divide”
Yartey, Charles Amo
No. 06/259
“Allowances for Corporate Equity in Practice”
Klemm, Alexander
No. 06/260
“Political Price Cycles in Regulated Industries: Theory and Evidence”
Paiva, Claudio; Moita, Rodrigo
No. 06/261
“Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia”
Gutierrez, Eva
No. 06/262
“Stabilizing Inflation in Iceland”
Honjo, Keiko; Hunt, Ben
No. 06/263
“Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses”
Feltenstein, Andrew; Rochon, Céliné
No. 06/264
“Banks as Coordinators of Economic Growth”
Ueda, Kenichi
No. 06/265
“What’s Driving Investment in China?”
Barnett, Steven; Brooks, Ray
No. 06/266
“Asian Equity Markets: Growth, Opportunities, and Challenges”
Purfield, Catriona; Oura, Hiroko; Kramer, Charles Frederick; Jobst, Andreas
No. 06/267
“Financial Integration in Asia: Estimating the Risk-Sharing Gains for Australia and Other Nations”
Mercereau, Benolt
No. 06/268
“Specification of a Stochastic Simulation Model for Assessing Debt Sustainability in Emerging Market Economies”
Hostland, Doug; Karam, Philippe D.
No. 06/269
“Currency Mismatches and Corporate Default Risk: Modeling, Measurement, and Surveillance Applications”
Chan-Lau, Jorge A.; Santos, Andre
No. 06/270
“Making Fiscal Space Happen: Managing Fiscal Policy in a World of Scaled-Up Aid”
Heller, Peter S.; Katz, Menachem; Debrun, Xavier; Thomas, Theo; Koranchelian, Taline; Adenauer, Isabell
No. 06/271
“The Size Distribution of Firms, Cournot, and Optimal Taxation”
Gersovitz, Mark
No. 06/272
“Is Asia Prepared for an Aging Population?”
Heller, Peter S.
No. 06/273
“Rethinking the Governance of the International Monetary Fund”
Mirakhor, Abbas; Zaidi, Iqbal Mehdi
No. 06/274
“The IMF’s Reserves Template and Nominal Exchange Rate Volatility”
Cady, John; Gonzalez-Garcia, Jesus
No. 06/275
“The Myth of Post-Reform Income Stagnation in Brazil”
Carvalho Filho, Irineu E.; Chamon, Marcos
No. 06/276
“Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina”
Kanda, Daniel
No. 06/277
“Elements of Optimal Monetary Policy Committee Design”
Vandenbussche, Jerome
No. 06/278
“Implementing Inflation Targeting: Institutional Arrangements, Target Design, and Communications”
Heenan, Geoffrey; Peter, Marcel; Roger, Scott
No. 06/279
“Uganda: Managing More Effective Decentralization”
Ahmad, Ehtisham; Brosio, Giorgio; Gonzalez, Maria
No. 06/280
“Financial Versus Monetary Mercantilism: Long-Run View of the Large International Reserves Hoarding”
Aizenman, Joshua; Lee, Jaewoo
No. 06/281
“Central Bank Boards Around the World: Why Does Membership Size Differ?”
Berger, Helge; Nitsch, Volker; Lybek, Tonny
No. 06/282
“Brazil’s Long-Term Growth Performance: Trying to Explain the Puzzle”
Adrogué, Ricardo; Cerisola, Martin; Gelos, Gaston
No. 06/283
“Portfolio Credit Risk and Macroeconomic Shocks: Applications to Stress Testing Under Data-Restricted Environments”
Segoviano Basurto, Miguel A.
No. 06/284
“Solow Versus Harrod-Domar: Reexamining the Aid Costs of the First Millennium Development Goal”
Dalgaard, Carl-Johan; Erickson, Lennart
No. 06/285
“How Does the Introduction of Health Insurance Change the Equity in the Health Care Provision in Bulgaria?”
Markova, Nora
No. 06/286
“Managing and Controlling Extrabudgetary Funds”
Allen, Richard; Radev, Dimitar
No. 06/287
“Volatility and Growth in Latin America: An Episodic Approach”
Sahay, Ratna; Goyal, Rishi
No. 06/288
“Regulatory Lessons from the Crisis of Costa Rica’s Mutual Fund Industry”
Carvajal, Ana
No. 06/289
“Testing the Transparency Benefits of Inflation Targeting: Evidence from Private Sector Forecasts”
Crowe, Christopher W.
No. 06/290
“A Gravity Model of Workers’ Remittances”
Lueth, Erik; Ruiz-Arranz, Marta
No. 06/291
“Rebalancing China’s Economy: What Does Growth Theory Tell Us?”
Aziz, Jahangir
No. 06/292
“The Rise of Foreign Investment in China’s Banks: Taking Stock”
Leigh, Lamin; Podpiera, Richard
No. 06/293
“Corporate Governance Quality: Trends and Real Effects”
De Nicoló, Gianni; Laeven, Luc; Ueda, Kenichi
No. 06/294
“Effects of Globalization on Labor’s Share in National Income”
Guscina, Anastasia
No. 06/295
“Probabilistic Sustainability of Public Debt: A Vector Autoregression Approach for Brazil, Mexico, and Turkey”
Tanner, Evan; Samake, Issouf
No. 06/296
“Economic Integration and Financial Stability: A European Perspective”
De Nicoló, Gianni; Tieman, Alexander F.
No. 06/297
“Bank Risk-Taking and Competition Revisited: New Theory and New Evidence”
Boyd, John H.; De Nicoló, Gianni; Jalal, Abu M.
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.