Letter from the (New) Editor
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This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of �IMF Economic Review� with a link to an article by Paul Krugman.

Abstract

This issue of the IMF Research Bulletin opens with a letter from the new editor, Rabah Arezki. The Research Summaries are a "Primer on 'Global Liquidity'" (Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski); and "Trade Integration adn Business Cycle Synchronization" (Kevin Cheng, Romain Duval, and Dulani Senevirante). The Q&A column looks at "Seven Questions on the Global Housing Markets" (Hites Ahir, Heedon Kang, and Prakash Loungani). September 2014 issue of the Bulletin also includes updates on IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as special announcements on new staff publications and the Fifteenth Annual Jacques Polak Research Conference. Also included is information on the latest issue of �IMF Economic Review� with a link to an article by Paul Krugman.

Fourteen years ago, in June 2000, the first issue of the IMF Research Bulletin was published! It has been a great and successful ride. Indeed, I am pleased to let you know that to date the bulletin has more than 19,100 subscribers. The credit for this goes to the team that has tirelessly put together issue after issue and has managed to keep you captivated.

The objective of the IMF Research Bulletin is to present to a wider audience a sampling of the latest research conducted at the International Monetary Fund. The bulletin attempts to distill the main insights from IMF research in a friendly and accessible format, while keeping a keen eye on current economic policy issues. As I take over as the new editor of the bulletin, I believe, it is an opportune time to invite you, the readers, to discuss how to make the bulletin more visible and more interactive by getting your feedback. In particular, I would be interested in hearing about suggestions on the topics covered, and general ways to enhance your reading experience. If you have ideas that you would like to share, please feel free to e-mail the team at resbulletin@imf.org.

Rabah Arezki

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