IMF Staff papers, Volume 45 No. 1

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Publisher : International Monetary Fund
ISBN 13 : 1451974515
Total Pages : 216 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes some leading indicators of currency crises, and proposes a specific early warning system. This system involves monitoring the evolution of several indicators that tend to exhibit an unusual behavior in the periods preceding a crisis. When an indicator exceeds a certain threshold value, this is interpreted as a warning “signal” that a currency crisis may take place. The variables that have the best track record within this approach include exports, deviations of the real exchange rate from trend, and the ratio of broad money to gross international reserves, output, and equity prices.

IMF Staff papers, Volume 45 No. 4

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Publisher : International Monetary Fund
ISBN 13 : 1451972776
Total Pages : 180 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 4 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 4 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corruption, and possible corrective actions. It emphasizes the costs of corruption in terms of economic growth. It also emphasizes that the fight against corruption may not be cheap and cannot be independent from the reform of the state. If certain reforms are not made, corruption is likely to continue to be a problem regardless of actions directly aimed at curtailing it.

IMF Staff Papers, Volume 57, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 1589069110
Total Pages : 288 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 57, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 57, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-03-26 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at how the debt-growth relation varies with indebtedness levels, as well as with the quality of policies and institutions, in a panel of developing countries. The main findings are that, in countries with good policies and institutions, there is evidence of debt overhang when the net present value of debt rises above 20–25 percent of GDP; however, debt becomes irrelevant above 70–80 percent. In countries with bad policies and institutions, thresholds appear to be lower, but the evidence of debt overhang is weaker and we cannot rule out that debt is always irrelevant. Indeed, in such countries, as well as in countries with high indebtedness levels, investment does not depend on debt levels. The analysis suggests that not all countries are likely to profit from debt relief, and thus that a one-size-fits-all debt relief approach might not be the most appropriate one.

IMF Staff papers, Volume 45 No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1451973608
Total Pages : 168 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.

IMF Staff papers, Volume 45 No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1451974167
Total Pages : 204 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 45 No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 45 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.

Staff Papers (April 1960)

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Publisher :
ISBN 13 : 9781451949704
Total Pages : pages
Book Rating : 4.9/5 (497 download)

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Book Synopsis Staff Papers (April 1960) by : International Monetary Fund

Download or read book Staff Papers (April 1960) written by International Monetary Fund and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff Papers, Volume 50, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 9781589061248
Total Pages : 168 pages
Book Rating : 4.0/5 (612 download)

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Book Synopsis IMF Staff Papers, Volume 50, No. 1 by : Mr.Robert P. Flood

Download or read book IMF Staff Papers, Volume 50, No. 1 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2003-04-17 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fieming-Mundell model?

IMF Staff Papers, Volume 51, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 9781589063228
Total Pages : 206 pages
Book Rating : 4.0/5 (632 download)

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Book Synopsis IMF Staff Papers, Volume 51, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 51, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-04-20 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new featured section, "Data Issues," which will be devoted in future issues to on-going discussions of the latest in econometric and statistical tools for economists, data puzzles, and other related topics of interest to researchers.

IMF Staff Papers, Volume 52, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1589064755
Total Pages : 193 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 52, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 52, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2005-12-22 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This last issue for 2005 comprises seven new papers, including a contribution to the journal's occasional Special Data Section about domestic debt markets in Sub-Saharan Africa, and also an in-depth look at the internal job market for entry-level economists at the IMF. The remaining articles cover toics as diverse as: modeling of asset markets, exchange rates in developing countries, international bank claims on Latin America, the effectiveness of "early warning" systems, and the use (by emerging market countries) of the IMF's Special Data Dissemination Standard (SDDS).

IMF Staff Papers, Volume 57, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1589069129
Total Pages : 244 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 57, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 57, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-06-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.

IMF Staff Papers, Volume 49, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 9781589061224
Total Pages : 260 pages
Book Rating : 4.0/5 (612 download)

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Book Synopsis IMF Staff Papers, Volume 49, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 49, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2002-09-23 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.

IMF Staff Papers, Volume 49, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 9781589060975
Total Pages : 166 pages
Book Rating : 4.0/5 (69 download)

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Book Synopsis IMF Staff Papers, Volume 49, No. 1 by : Mr.Robert P. Flood

Download or read book IMF Staff Papers, Volume 49, No. 1 written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 2002-04-18 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents details of a symposium on forecasting performance I organized under the auspices of the IMF Staff Papers. The assumption that the forecaster's goal is to do as well as possible in predicting the actual outcome is sometimes questionable. ln the context of private sector forecasts, this is because the incentives for forecasters may induce them to herd rather than to reveal their true forecasts. Public sector forecasts may also be distorted, although for different reasons. Forecasts associated with IMF programs, for example, are often the result of negotiations between the IMF staff and the country authorities and are perhaps more accurately viewed as goals, or targets, rather than pure forecasts. The standard theory of time series forecasting involves a variety of components including the choice of an information set, the choice of a cost function, and the evaluation of forecasts in terms of the average costs of the forecast errors. It is generally acknowledged that by including more relevant information in the information set, one should be able to produce better forecasts.

IMF Staff Papers, Volume 56, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 1589067940
Total Pages : 248 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 56, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 56, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-06-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Contributors include Kenneth Rogoff, Maurice Obstfeld, Dani Rodrik, and Frederic S. Mishkin.

IMF Staff Papers, Volume 56, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1589068203
Total Pages : 248 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 56, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 56, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-07-31 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transparent econometric method drawn from the treatment evaluation literature (matching estimators) to make the comparison between treated (that is, open) and control (that is, closed) countries explicit while remaining within a statistical framework. Matching estimators highlight that common cross-country evidence is based on rather far-fetched country comparisons, which stem from the lack of common support of treated and control countries in the covariate space. The paper therefore advocates paying more attention to appropriate sample restriction in crosscountry macro research.

IMF Staff Papers, Volume 47, No. 3

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Publisher : International Monetary Fund
ISBN 13 : 1451973748
Total Pages : 140 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff Papers, Volume 47, No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 47, No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2001-10-10 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It looks at what precisely is meant by herding, the causes of herd behavior, the success of existing studies in identifying the phenomenon, and the effect that herding has on financial markets. The paper also surveys a selected number of studies that evaluated the demand for money using the error-correction model approach in the 1990s across a range of industrial and developing countries.

IMF Staff Papers, Volume 52, No. 1

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Publisher : International Monetary Fund
ISBN 13 : 9781589064195
Total Pages : 156 pages
Book Rating : 4.0/5 (641 download)

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Book Synopsis IMF Staff Papers, Volume 52, No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 52, No. 1 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2005-04-18 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first issue of IMF Staff Papers for 2005 contains 7 papers that discuss: whether output recovered after the Asian crisis; the value of a country's trading partners to its own economic growth; whether interdependence is a factor in understanding the spread of currency crises; can remittance payments from expatriates be a reliable source of capital for economic development?; total factor productivity; designing a VAT for the energy trade in Russia and Ukraine; and lastly, a discussion of the reasons for central bank intervention in ERM-I since 1993

IMF Staff Papers, Volume 54, No. 2

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Publisher : International Monetary Fund
ISBN 13 : 1589066502
Total Pages : 236 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis IMF Staff Papers, Volume 54, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 54, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2007-09-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is the 2006 Mundell-Fleming Lecture (delivered at the ARC), which analyzes current-account deficits in the advanced economies. Other papers in this issue look at the relationship between international financial integration and the real economy. Other papers discuss whether (or not): i) the next capital account crisis can be predicted; ii) accepted definitions of debt crises are adequate; iii) the Doha Round of trade talks (if they are ever successfully completed) will lead to preference erosion; and finally iv) there is room for political opportunism in countries deciding between money-based or exchange-rate-based stabilization programs.