Abstract
IMF research summaries on measures of financial integration (by Martin Schindler) and on sovereign wealth funds and financial stability (by Tao Sun and Heiko Hesse); regional study on cross-border labor flows in new European Union member states (by Rudolfs Bems); listing of contents of Vol. 56 No. 1 of IMF Staff Papers, a special issue on frontiers of research on financial globalization; a listing of visiting scholars at the IMF during December 2008–March 2009; and a listing of recent IMF Working Papers.
No. 08/257
Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union
Chai, Jingqing; Goyal, Rishi
No. 08/258
Counterparty Risk in the Over-The-Counter Derivatives Market
Segoviano Basurto, Miguel A.; Singh, Manmohan
No. 08/259
Is it (Still) Mostly Fiscal? Determinants of Sovereign Spreads in Emerging Markets
Baldacci, Emanuele; Gupta, Sanjeev; Mati, Amine
No. 08/260
Fundamentals at Odds? The U.S. Current Account Deficit and the Dollar
Milesi-Ferretti, Gian Maria
No. 08/261
Strategic Considerations for First-Time Sovereign Bond Issuers
Das, Udaibir S.; Papaioannou, Michael G.; Polan, Magdalena
No. 08/262
The Tasks Ahead
IMF Research Department, under the direction of Olivier Blanchard
No. 08/263
What is Really Good for Long-Term Growth? Lessons from a Binary Classification Tree (BCT) Approach
Duttagupta, Rupa; Mlachila, Montfort
No. 08/264
Macroeconomics of Migration in New Member States
Bems, Rudolfs; Schellekens, Philip
No. 08/265
Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset
Tressel, Thierry; Detragiache, Enrica
No. 08/266
A New Database of Financial Reforms
Abiad, Abdul; Detragiache, Enrica; Tressel, Thierry
No. 08/267
Dynamic Factor Price Equalization and International Income Convergence
François, Joseph; Shiells, Clinton R.
No. 08/268
Efficiency and Performance of Bulgarian Private Pensions
Impavido, Gregorio
No. 08/269
One-Size-Fits-One: Tailor-Made Fiscal Responses to Capital Flows
Zakharova, Daria
No. 08/270
Inflation Determinants in Paraguay: Cost Push versus Demand Pull Factors
Monfort, Brieuc; Peña, Santiago
No. 08/271
Analyzing Determinants of Inflation When There Are Data Limitation: The Case of Sierra Leone
Gottschalk, Jan; Kalonji, Kadima D.; Miyajima, Ken
No. 08/272
The Macroeconomic Impact of Healthcare Financing Alternatives: Reform Options for Hong Kong SAR
Botman, Dennis P.J.; Porter, Nathaniel John
No. 08/273
Hong Kong SAR Economic Integration with the Pearl River Delta
Chen, Hongyi; Unteroberdoerster, Olaf
No. 08/274
What Happens During Recessions, Crunches, and Busts?
Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco
No. 08/275
Estimating Potential Output and the Output Gap in Slovakia
Konuki, Tetsuya
No. 08/276
From Crisis to IMF-Supported Program: Does Democracy Impede the Speed Required by Financial Markets?
Mody, Ashoka; Saravia, Diego
No. 08/277
What Attracts Tourists to Paradise?
Tsounta, Evridiki
No. 08/278
A Small Quarterly Projection Model of the U.S. Economy
Carabenciov, Ioan; Ermolaev, Igor; Freedman, Charles; Juillard, Michel; Kamenik, Ondra; Korshunov, Dmitry; Laxton, Douglas
No. 08/279
A Small Quarterly Multi-Country Projection Model
Juillard, Michel; Laxton, Douglas; Carabenciov, Ioan; Ermolaev, Igor; Freedman, Charles; Korshunov, Dmitry; Laxton, Jared; Kamenik, Ondra
No. 08/280
A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices
Carabenciov, Ioan; Ermolaev, Igor; Freedman, Charles; Juillard, Michel; Kamenik, Ondra; Korshunov, Dmitry; Laxton, Douglas; Laxton, Jared
No. 08/281
Can Regional Cross-Listings Accelerate Stock Market Development? Empirical Evidence from Sub-Saharan Africa
Adelegan, O. Janet
No. 08/282
Expenditure Ceilings - A Survey
Ljungman, Gösta
No. 08/283
Cross-Border Coordination of Prudential Supervision and Deposit Guarantees
Hardy, Daniel C. L.; Nieto, María
No. 08/284
New Shocks, Exchange Rates and Equity Prices
Matsumoto, Akito; Cova, Pietro; Pisani, Massimiliano; Rebucci, Alessandro
No. 08/285
The Impact of Introducing a Minimum Wage on Business Cycle Volatility: A Structural Analysis for Hong Kong SAR
Porter, Nathaniel John; Vitek, Francis
No. 08/286
Volatility Spillovers and Contagion from Mature to Emerging Stock Markets
Beirne, John; Maria Caporale, Guglielmo; Schulze-Ghattas, Marianne; Spagnolo, Nicola
No. 08/287
Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa
Imam, Patrick A.; Salinas, Gonzalo
No. 08/288
Is Monetary Policy Effective When Credit Is Low?
Saizar, Ana Carolina; Chalk, Nigel Andrew
No. 08/289
Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters
Cuevas, Alfredo; Topak, Secil
No. 09/1
Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries—A Cross Regional Perspective
Habermeier, Karl Friedrich; Ötker-Robe, Inci; Jácome, Luis Ignacio; Giustiniani, Alessandro; Ishi, Kotaro; Vávra, David; Kisinbay, Turgut; Vázquez, Francisco F.
No. 09/2
Recent French Export Performance: Is There a Competitiveness Problem?
Kabundi, Alain N.; Nadal-De Simone, Francisco
No. 09/3
Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia
Shirono, Kazuko
No. 09/4
Banking Stability Measures
Segoviano Basurto, Miguel A.; Goodhart, C.A.E.
No. 09/5
A European Mandate for Financial Sector Supervisors in the EU
Hardy, Daniel C.L.
No. 09/6
Regional Financial Interlinkages and Financial Contagion Within Europe
Arvai, Zsofia; Driessen, Karl; Ötker-Robe, Inci
No. 09/7
Australia and New Zealand Exchange Rates: A Quantitative Assessment
Edison, Hali J.; Vitek, Francis
No. 09/8
The Role for Counter-Cyclical Fiscal Policy in Singapore
Eskesen, Leif Lybecker
No. 09/9
Distress in European Banks: An Analysis Based on a New Dataset
Poghosyan, Tigran; Cihák, Martin
No. 09/10
Benford’s Law and Macroeconomic Data Quality
Gonzalez-Garcia, Jesus; Pastor, Gonzalo C.
No. 09/11
How Can Burundi Raise Its Growth Rate? The Impact of Civil Conflicts and State Intervention on Burundi’s Growth Performance
Basdevant, Olivier
No. 09/12
The International Diversification Puzzle When Goods Prices Are Sticky: It’s Really about Exchange-Rate Hedging, not Equity Portfolios
Engel, Charles; Matsumoto, Akito
No. 09/13
Why Do Central Banks Go Weak?
Ize, Alain; Oulidi, Nada
No. 09/14
Bank Efficiency in Sub-Saharan African Middle-Income Countries
Chen, Chuling
No. 09/15
The Determinants of Commercial Bank Profitability in Sub-Saharan Africa
Flamini, Valentina; McDonald, Calvin A.; Schumacher, Liliana
No. 09/16
The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand: How Much Can Growth Theory Explain?
Hunt, Ben
No. 09/17
Does Global Liquidity Matter for Monetary Policy in the Euro Area?
Berger, Helge; Harjes, Thomas
No. 09/18
On Impatience and Policy Effectiveness
Bayoumi, Tamim; Sgherri, Silvia
No. 09/19
An Index Number Formula Problem: The Aggregation of Broadly Comparable Items
Silver, Mick
No. 09/20
Capital Inflows and the Real Exchange Rate: Can Financial Development Cure the Dutch Disease?
Saborowski, Christian
No. 09/21
Causes, Benefits, and Risks of Business Tax Incentives
Klemm, Alexander
No. 09/22
Monetary and Fiscal Rules in an Emerging Small Economy
Batini, Nicoletta; Levine, Paul; Pearlman, Joseph
No. 09/23
Regional Financial Spillovers Across Europe: A Global VAR Analysis
Galesi, Alessandro; Sgherri, Silvia
No. 09/24
Can Markets Compute Equilibria?
Monroe, Hunter
No. 09/25
Why Isn’t South Africa Growing Faster? A Comparative Approach
Eyraud, Luc
No. 09/26
An Investigation of Some Macro-Financial Linkages of Securitization
Goswami, Mangal; Jobst, Andreas; Long, Xin
No. 09/27
The Values of Institutions for Financial Markets: Evidence from Emerging Markets
Akitoby, Bernardin; Stratmann, Thomas
No. 09/28
Current Account Determinants for Oil-Exporting Countries
Morsy, Hanan
No. 09/29
The Cost of Aggressive Sovereign Debt Policies: How Much Is the Private Sector Affected?
Trebesch, Christoph
No. 09/30
Are Capital Controls Effective in the 21st Century? The Recent Experience of Colombia
Clements, Benedict J.; Kamil, Herman
No. 09/31
In Search of WTO Trade Effects: Preferential Trade Agreements Promote Trade Strongly, But Unevenly
Eicher, Theo S.; Henn, Christian
No. 09/32
Evaluating Historical CGER Assessments: How Well Have They Predicted Subsequent Exchange Rate Movements
Abiad, Abdul; Kannan, Prakash; Lee, Jungjin
No. 09/33
Current Account and Precautionary Savings for Exporters of Exhaustible Resources
Bems, Rudolfs; Carvalho Filho, Irineu E.
No. 09/34
The Inflation-Unemployment Trade-off at Low Inflation
Benigno, Pierpaolo; Ricci, Luca Antonio
No. 09/35
The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model
Gruss, Bertrand; Sgherri, Silvia
No. 09/36
The Macroeconomic Impact of Scaled-up Aid: The Case of Niger
Farah, Abdikarim; Sacerdoti, Emilio; Salinas, Gonzalo
IMF Working Papers and other IMF publications can be downloaded in full-text format from the Research at the IMF website: http://www.imf.org/research.