IMF Research Bulletin


IMF Research Bulletin

IMF Research Bulletin

M. Ayhan Kose


Prakash Loungani


Patricia Loo

Assistant Editor

Tracey Lookadoo

Editorial Assistant

Feras Abu Amra

Systems Consultant

Multimedia Services


The IMF Research Bulletin

(ISSN: 1020-8313) is a quarterly publication in English and is available free of charge. The views expressed in the Bulletin are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Material from the Bulletin may be reprinted with proper attribution. Editorial correspondence may be addressed to The Editor, IMF Research Bulletin, IMF, Room HQ1-9-612, Washington, DC 20431 USA; or e-mailed to

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Staff Discussion Notes showcase new policy-related analysis and research by IMF departments. These papers are generally brief and written in nontechnical language, and are aimed at a broad audience interested in economic policy issues.

No. 12/01

Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies

Jonathan D. Ostry, Atish R. Ghosh, and Marcos Chamon

No. 12/02

Accounting Devices and Fiscal Illusions

Timothy C. Irwin

No. 12/03

From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions

Jianping Zhou, Virginia Rutledge, Wouter Bossu, Marc

Dobler, Nadege Jassaud, and Michael Moore

IMF Research Bulletin, June 2012
Author: International Monetary Fund. Research Dept.