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Imf Staff Papers Volume 42 No 4
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Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451930909 Total Pages :224 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 42 No. 4 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 42 No. 4 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1995-01-01 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes early contributions of Staff Papers to international economics. The paper highlights that Staff Papers has, since its inception in 1950, been an important vehicle for the dissemination of research done by the IMF staff. This paper discusses three areas in which articles published in Staff Papers up until the 1970s made major contributions to the literature in international economics. The areas covered are: the absorption approach and the monetary theory of the balance of payments; the Mundell-Fleming model; and foreign trade modeling.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :145197339X Total Pages :280 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 42 No. 3 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 42 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1995-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of the nominal exchange rate on relative prices. It argues that the balance of evidence is supportive of the existence of some form of long-term exchange rate relationship. The paper highlights that the form of this relationship, however, does not accord exactly with a traditional representation of the long-term exchange rate.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451957068 Total Pages :244 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1995-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a critical survey of the literature on politico-institutional determinants of the government budget. We organize our discussion around two questions: Why did certain OECD countries, but not others, accumulate large public debts? Why did these fiscal imbalances appear in the last twenty years rather than sooner? We begin by discussing the “tax smoothing” model and conclude that this approach alone cannot provide complete answers to these questions. We then proceed to a discussion of political economy models, which we organize into six groups: (1) models based upon opportunistic policy makers and naive voters with “fiscal illusion”; (2) models of intergenerational redistributions; (3) models of debt as a strategic variable, linking the current government with the next one; (4) models of coalition governments; (5) models of geographically dispersed interests; and (6) models emphasizing the effects of budgetary institutions. We conclude by briefly discussing policy implications.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451974256 Total Pages :208 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff Papers, Volume 48, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 48, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2001-12-12 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the link between product variety and economic growth. It finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The paper presents an empirical study for South Africa, which indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-term relationship among domestic prices, foreign prices, and the nominal exchange rate.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589067940 Total Pages :248 pages Book Rating :4.5/5 (89 download)
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.
Book Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry
Download or read book Redistribution, Inequality, and Growth written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2014-02-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589063235 Total Pages :224 pages Book Rating :4.0/5 (632 download)
Book Synopsis IMF Staff Papers, Volume 51, No. 2 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 51, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-07-29 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets. Other papers in the issue look at German wage structures, contagion in equity markets, export orientation and productivity in Sub-Saharan Africa, the role of higher vs. basic education in economic development, and issues related to capital account liberalization.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1589064755 Total Pages :193 pages Book Rating :4.5/5 (89 download)
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).
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498344658 Total Pages :257 pages Book Rating :4.4/5 (983 download)
Book Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund
Download or read book Fiscal Policy and Long-Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589061224 Total Pages :260 pages Book Rating :4.0/5 (612 download)
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.
Author :Scheherazade S. Rehman Publisher :Springer Science & Business Media ISBN 13 :9401148643 Total Pages :352 pages Book Rating :4.4/5 (11 download)
Book Synopsis Financial Crisis Management in Regional Blocs by : Scheherazade S. Rehman
Download or read book Financial Crisis Management in Regional Blocs written by Scheherazade S. Rehman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises have occurred throughout history, resulting in the loss of national and international public and personal wealth, creating political uncertainty and shaking the foundations of the national, regional and international economic and social order. This book provides answers to the basic questions of what could have caused some of the more recent regional financial crises, what their key characteristics were, how they could have been prevented, what lessons national governments, central bankers and the International Monetary Fund (IMF) have learned and how such crises could be prevented in the future. The authors include current and former cabinet members of national governments, central bankers, IMF officials, scholars and practicing economists in both national and multilateral organizations, all of whom have either participated in the management of the various types of financial crises they analyze and discuss and/or have made major contributions to their understanding, including recommendations of how they could be avoided in the future.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451973446 Total Pages :188 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 43 No. 3 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 43 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1996-01-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the volatility and predictability of emerging stock markets. A range of measures suggests that, despite perceptions to the contrary, the volatility of emerging markets may have fallen rather than risen on average. Also, although the autocorrelations in emerging market returns appear to turn negative at horizons of a year or more, the magnitude of these return reversals is not that much larger than reversals in some mature markets. One interpretation of the results would be that emerging markets have not consistently been subject to fads or bubbles, or at least no more so than in some industrial countries.
Book Synopsis Virtual Currencies and Beyond by : Mr.Dong He
Download or read book Virtual Currencies and Beyond written by Mr.Dong He and published by International Monetary Fund. This book was released on 2016-01-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: New technologies are driving transformational changes in the global financial system. Virtual currencies (VCs) and the underlying distributed ledger systems are among these. VCs offer many potential benefits, but also considerable risks. VCs could raise efficiency and in the long run strengthen financial inclusion. At the same time, VCs could be potential vehicles for money laundering, terrorist financing, tax evasion and fraud. While risks to the conduct of monetary policy seem less likely to arise at this stage given the very small scale of VCs, risks to financial stability may eventually emerge as the new technologies become more widely used. National authorities have begun to address these challenges and will need to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation. As experience is gained, international standards and best practices could be considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.
Book Synopsis The IMF Approach to Economic Stabilization by : Mr.Michael Mussa
Download or read book The IMF Approach to Economic Stabilization written by Mr.Michael Mussa and published by International Monetary Fund. This book was released on 1999-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :9781589064478 Total Pages :196 pages Book Rating :4.0/5 (644 download)
Book Synopsis IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa by : International Monetary Fund. Research Dept.
Download or read book IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2005-08-30 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on expectations for the American economy focused on the likelihood of secular stagnation, which continued to be debated throughout the post-war period. Concerns rose during the late 1960s and early 1970s about rapid population growth smothering the potential for economic growth in developing countries were contradicted when, during the mid- and late-1970s, fertility rates began to decline rapidly. In policy-oriented institutions (and in most businesses and individual decision making), policymaking decisions are often guided by projections and forward-looking indicators. The case of Michael Mussa has been one of great anticipation, and of great accomplishment, and all the early optimistic forecasts about him have turned out to be correct. Within the sphere of economics, undoubtedly the most famous and widely used forecast—one, incidentally, that thus far has often been incorrect—is that based on the Malthusian doctrine of the relationship between resources and population.
Book Synopsis Monetary Policy Instruments for European Monetary Union by : Lukas Menkhoff
Download or read book Monetary Policy Instruments for European Monetary Union written by Lukas Menkhoff and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking the Bundesbank's instruments as a starting point, this book discusses monetary policy instruments of a future European Central Bank. The book offers a systematic analysis of the issue, considering general theoretical arguments as well as the institutional situation in European countries.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451972776 Total Pages :180 pages Book Rating :4.4/5 (519 download)
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.
