Abstract
IMF research summaries on foreign direct investment (by Yuko Kinoshita) and on trade linkages and business cycles (by Julian di Giovanni and Andrei Levchenko); country study on Mexico (by Roberto Garcia-Saltos); listing of visiting scholars at the IMF during February-June 2008; listing of contents of Vol. 55, Issue No. 1 of IMF Staff Papers; listing of recent IMF Working Papers; and a listing of recent external publications by IMF staff.
No. 07/150
Guarding Against Fiscal Risks in Hong Kong SAR
Porter, Nathaniel John
No. 07/151
Capital Flows, Financial Integration, and International Reserve Holdings: The Recent Experience of Emerging Markets and Advanced Economies
Choi, Woon Gyu; Sharma, Sunil; Stromqvist, Maria
No. 07/152
IMF Drawing Programs: Participation Determinants and Forecasting
Cerutti, Eugenio
No. 07/153
Distributional Implications of the VAT Reform in the Philippines
Newhouse, David Locke; Zakharova, Daria
No. 07/154
Welfare Gains from Financial Liberalization
Townsend, Robert M.; Ueda, Kenichi
No. 07/155
Estimation of a Behavioral Equilibrium Exchange Rate Model for Ghana
Iossifov, Plamen; Loukoianova, Elena
No. 07/156
Trade Openness and Growth: Pursuing Empirical Glasnost
Billmeier, Andreas; Nannicini, Tommaso
No. 07/157
What Drives Stock Market Development in the Middle East and Central Asia—Institutions, Remittances, or Natural Resources?
Billmeier, Andreas; Massa, Isabella
No. 07/158
The Common Monetary Area in Southern Africa: Shocks, Adjustment, and Policy Challenges
Wang, Jian-Ye; Masha, Iyabo; Shirono, Kazuko; Harris, Leighton
No. 07/159
Cooperative Banks in Europe—Policy Issues
Fonteyne, Wim
No. 07/160
Globalization, Gluts, Innovation or Irrationality: What Explains the Easy Financing of the U.S. Current Account Deficit?
Balakrishnan, Ravi; Bayoumi, Tamim; Tulin, Volodymyr
No. 07/161
Firm Heterogeneity and Weak Intellectual Property Rights
Watt, Stanley
No. 07/162
A Note on Public Debt, Tax-Exempt Bonds, and Ponzi Games
Wigger, Berthold U.
No. 07/163
The Role of Nonseparable Utility and Nontradeables in International Business Cycle and Portfolio Choice
Matsumoto, Akito
No. 07/164
Rapid Growth in Transition Economies: Growth-Accounting Approach
Iradian, Garbis
No. 07/165
On the Buyability of Voting Bodies
Morgan, John; Vardy, Felix J.J.
No. 07/166
Real Effects of Common Currencies in East Asia
Shirono, Kazuko
No. 07/167
Growth and Inflation Dispersions in EMU: Reasons, the Role of Adjustment Channels, and Policy Implications
Stavrev, Emil
No. 07/168
Assessing the Impact of a Change in the Composition of Public Spending: A DSGE Approach
Straub, Roland; Tchakarov, Ivan
No. 07/169
Globalization and Income Inequality: A European Perspective
Harjes, Thomas
No. 07/170
Rapid Growth in Transition Economies: Panel Regression Approach
Iradian, Garbis
No. 07/171
The Discipline-Enhancing Role of Fiscal Institutions: Theory and Empirical Evidence
Debrun, Xavier; Kumar, Manmohan S.
No. 07/172
Volatility and Jump Risk Premia in Emerging Market Bonds
Matovu, John
No. 07/173
The Case for a European Banking Charter
Cihák, Martin; Decressin, Jörg
No. 07/174
VAT, Tariffs, and Withholding: Border Taxes and Informality in Developing Countries
Keen, Michael
No. 07/175
Introducing Islamic Banks into Conventional Banking Systems
Sole, Juan
No. 07/176
The Effect of External Conditionson Growth in Latin America
Österholm, Pär; Zettelmeyer, Jeromin
No. 07/177
Financing of Global Imbalances
Walker, W. Christopher; Punzi, Maria Teresa
No. 07/178
Fiscal Adjustments: Determinants and Macroeconomic Consequences
Kumar, Manmohan S.; Leigh, Daniel; Plekhanov, Alexander
No. 07/179
Go Long or Short in Pyramids? News from the Egyptian Stock Market
Billmeier, Andreas; Massa, Isabella
No. 07/180
Monetary Policy Rules for Managing Aid Surges in Africa
Adam, Christopher; O’Connell, Stephen A.; Buffie, Edward F.; Pattillo, Catherine A.
No. 07/181
Explaining China’s Low Consumption: The Neglected Role of Household Income
Aziz, Jahangir; Cui, Li
No. 07/182
Foreign Entanglements: Estimating the Source and Size of Spillovers Across Industrial Countries
Bayoumi, Tamim; Swiston, Andrew
No. 07/183
The Value-Added Tax: Its Causes and Consequences
Keen, Michael; Lockwood, Ben
No. 07/184
Determinants of Tax Revenue Efforts in Developing Countries
Gupta, Abhijit Sen
No. 07/185
Where Have the Monetary Surprises Gone? The Effect sof FOMC Statements
Swiston, Andrew
No. 07/186
Financial Reforms, Financial Openness, and Corporate Borrowing: International Evidence
Agca, Senay; Detragiache, Enrica; De Nicoló, Gianni
No. 07/187
Ensuring Fiscal Sustainability in G-7 Countries
Hauner, David; Leigh, Daniel; Skaarup, Michael
No. 07/188
Money for Nothing and Checks for Free: Recent Developments in U.S. Subprime Mortgage Markets
Kiff, John; Mills, Paul S.
No. 07/189
What Explains Persistent Inflation Differentials Across Transition Economies?
Hammermann, Felix; Flanagan, Mark J.
No. 07/190
Coping with Capital Inflows: Experiences of Selected European Countries
Ötker, Inci; Polanski, Zbigniew; Topf, Barry; Vavra, David
No. 07/191
What Do We Know About Namibia’s Competitiveness
Miyajima, Ken
No. 07/192
Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime
Bolton, Patrick; Jeanne, Olivier
No. 07/193
Inflation Targeting in Georgia: Are We There Yet?
Bakradze, Giorgi; Billmeier, Andreas
No. 07/194
Estimation of Equilibrium Exchange Rates in the WAEMU: A Robustness Approach
Roudet, Stephane; Saxegaard, Magnus; Tsangarides, Charalambos G.
No. 07/195
New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector
Bhatia, Ashok Vir
No. 07/196
Global Aging Pressures: Impact of Fiscal Adjustment, Policy Cooperation, and Structural Reforms
Botman, Dennis P.J.; Kumar, Manmohan S.
No. 07/197
A Simple DGE Model for Inflation Targeting
Benes, Jaromir; de Castello Branco, Marta; Vavra, David
No. 07/198
Economic Growth in Croatia: Potential and Constraints
Moore, David; Vamvakidis, Athanasios
No. 07/199
The Golden Rule and the Economic Cycles
Honjo, Keiko
No. 07/200
DSGE Modeling at the Fund: Applications and Further Developments
Botman, Dennis P. J.; Karam, Philippe D; Laxton, Douglas; Rose, David
No. 07/201
Assessing Competitiveness and Real Exchange Rate Misalignment in Low-Income Countries
Di Bella, Gabriel; Lewis, Mark; Martin, Aurelie
No. 07/202
A Party without a Hangover? On the Effects of U.S. Government Deficits
Kumhof, Michael; Laxton, Douglas
No. 07/203
Financial Deepening in Sub-Saharan Africa: Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing
McDonald, Calvin A.; Schumacher, Liliana
No. 07/204
The Effects of Dividend Taxes on Equity Prices: A Re-examination of the 1997 U.K. Tax Reform
Bond, Stephen; Klemm, Alexander; Devereux, Michael B.
No. 07/205
Indian Subnational Finances: Recent Performance
Kishore, Adarsh; Prasad, A.
No. 07/206
Debt Stabilization Bias and the Taylor Principle: Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence
Stehn, Sven Jari; Vines, David
No. 07/207
Endogenous Monetary Policy Credibility in a Small Macro Model of Israel
Argov, Eyal; Epstein, Natan P.; Karam, Philippe D; Laxton, Douglas; Rose, David
No. 07/208
U.K. Inflation and Relative Prices Over the Last Decade: How Important was Globalization?
Hunt, Ben
No. 07/209
Stock Market Development in Sub-Saharan Africa: Critical Issues and Challenges
Yartey, Charles Amo; Adjasi, Charles Komla