Abstract
The Research Summaries in the March 2014 Research Bulletin focus on efficiency of health expenditure (Francesco Grigoli and Javier Kapsoli) and employment growth in European Union countries (Bas B. Bakker and Li Zeng). The Q&A article looks at “Seven Questions on Financial Interconnectedness” (Co-Pierre Georg and Camelia Minoiu). The Research Bulletin also includes a listing of IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore. Information on the IMF Economic Review—the research journal of the IMF—is also provided.
From Fragmentation to Financial Integration in Europe
edited by Charles Enoch, Luc Everaert, Thierry Tressel, and Jianping Zhou
“This book documents the tension between nationalistic fragmentation on the one hand and moves towards EU-wide solutions on the other, not least in the difficult on-going discussions on a Single Resolution Mechanism and banking union. The careful assessment in this book clearly reveals what a difficult exercise the achievement of a well-functioning European financial system has become.”
—Charles A. Goodhart—Professor Emeritus of Banking and Finance, London School of Economics
$45. English © 2013. 524 pp. Paperback. ISBN 978-1-48438-766-5
Financial Crises: Causes, Consequences, and Policy Responses
edited by Stijn Claessens, M. Ayhan Kose, Luc Laeven, and Fabian Valencia
“Financial Crises are the central economic concern of our time. In well-written chapters, Financial Crises: Causes, Consequences, and Policy Responses covers every aspect of them: their characteristics; how they should be managed; their short-term effects; their long-term effects; how to avoid them in the first place; and, especially how to restructure those overhanging debts. This volume superlatively encapsulates the work of many of the world’s greatest experts on this topic of all topics.”
—George Akerlof—Nobel Laureate in Economics, 2001; University of California Berkeley
$40. English. © 2014. 670 pp. Hardback. ISBN 978-1-47554-340-7
Cambodia: Entering a New Phase of Growth
edited by Olaf Unteroberdoerster
Cambodia is poised to join a new generation of Asian frontier economies transitioning from low-income to emerging-market status. This book takes a closer look at the key economic challenges Cambodia faces, highlighting its structural and financial constraints to growth as well as shifting vulnerabilities as Asia rebalances. It lays out how a strategy of fiscal and financial sector policies can help mobilize resources for one of Asia’s youngest and fastest-growing populations.
$25. English. © 2014. 161 pp. Paperback. ISBN 978-1-47556-078-7
For more information on these titles and other IMF publications, please visit www.imfbookstore.org/rb
