IMF Policy Discussion Papers

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95/2: When is a Fiscal Surplus Appropriate?

Richard Hemming and James Daniel

95/1: The New Monetary Policy Framework of the United Kingdom

Ulrich Stiehler

94/27: Unemployment in Ireland: A Survey of Features and Causes

Julio A. Santaella

94/26: The Speed of Financial Sector Reform: Risks and Strategies

R. B. Johnston

94/25: Monitoring Financial Stabilization in Moldova: The Role of Monetary Policy, Institutional Factors and Statistical Anomalies

Ghiath Shabsigh and James Haley

94/24: Fiscal Regimes for Natural Resource Producing Developing Countries

David C. L. Nellor and Emil M. Sunley

94/23: The IMF and the Latin American Debt Crisis: Seven Common Criticisms

James M. Boughton

94/22: Social Protection, Labor Market Rigidity, and Enterprise Restructuring in China

Zuliu Hu

94/21: Fiscal Adjustment in an Oil-Exporting Country: The Case of Indonesia

Lazaros E. Molho

94/20: Russia and the IMF - The Political Economy of Macro-Stabilization

Hernández-Catá, Ernesto

94/19: Structural Policies in Developing Countries

Eduardo Borensztein

94/18: Currency Boards: Issues and Experiences

Adam Bennett

94/17: Monetary Transmission and Financial Indexation - Evidence from the Chilean Economy

Enrique G. Mendoza and Delgado-Fernández, Fernando-Luciano

94/16: Measuring the Progress of Economic Reform in the Countries of the former Soviet Union

Alexander Sundakov

94/15: Currency Arrangements in Countries of the Former Ruble Area and Conditions for Sound Monetary Policy

Thomas A. Wolf

94/14: Financial Liberalization in Israel

Eric V. Clifton

94/13: Recent Fiscal Developments in the European Countries of the G-7

J. H. Green, Karl Friedrich Habermeier, O'Callaghan, Gary, S. G. B. Henry and Roberto Violi

94/12: Macroeconomic Management with Informal Financial Markets

Nadeem Haque and Agénor, Pierre-Richard

94/11: Use of Central Bank Credit Auctions in Economies in Transition

Matthew . Saal and Lorena M. Zamalloa

94/10: Establishing Monetary Control in Financial Systems With Insolvent Institutions

Richard D. Haas and Donald J. Mathieson

94/9: Energy Taxes and Macroeconomic Policy Objectives

David C. L. Nellor

94/8: The United States-Japan Current Account Imbalance: A Review

Stephen S. Golub

94/7: Emerging Equity Markets - Growth, Benefits, and Policy Concerns

Robert Alan Feldman and Manmohan S. Kumar

94/6: Asset Prices, Monetary Policy, and the Business Cycle

Garry J. Schinasi

94/5: The New Protectionism in Industrial Countries: Beyond the Uruguay Round

Douglas A. Irwin

94/4: An Incomes Policy for Russia?

Michael Marrese

94/3: On the Political Sustainability of Economic Reform

Gian Maria Milesi-Ferretti and Carlos M. Asilis

94/2: Budget Deficits and the Public Debt in Sweden - The Case for Fiscal Consolidation

Desmond Lachman

94/1: China's Foreign Currency Swap Market

Hoe Ee Khor

93/20: International Capital Transactions - Should They Be Restricted?

Norman S. Fieleke

93/19: The Taxation of High Income Earners

Parthasrathi Shome

93/18: The Structural Crisis in the Swedish Economy: Role of Labor Markets

Ramana Ramaswamy

93/17: Selective Government Interventions and Economic Growth - A Survey of the Asian Experience and its Applicability to New Zealand

Jonathan David Ostry

93/16: Aspects of the Design of Financial Programs with the Adoption of Indirect Monetary Controls

R. B. Johnston

93/15: The World Market for Natural Gas - Macroeconomic and Financial Implications

Thomas P. Enger

93/14: Institutional and Operational Aspects of Central Bank Losses

Alfredo Mario Leone

93/12: Options for Monetary and Exchange Arrangements in Transition Economies

Delano Villanueva

93/11: Real Wage Adjustment in the Former Soviet Union

Dicks-Mireaux, Louis

93/10: The Capital Inflows Problem: Concepts and Issues

Guillermo Calvo, Carmen Reinhart and Leonardo Leiderman

93/9: Credible Disinflation Programs

Agénor, Pierre-Richard

93/8: The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS)

Julio Escolano and Parthasrathi Shome

93/7: Restructuring of Commercial Bank Debt by Developing Countries: Lessons from Recent Experience

Charles Collyns and El-Erian, Mohamed A.

93/6: The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe: Lessons and Challenges

Eduardo Borensztein

93/5: A Cautionary Note on the Use of Exchange Rate Indicators

Peter Wickham

93/4: Adjusting to Development: The IMF and the Poor

Boris Bernstein and James M. Boughton

93/3: Armenia - Reform and Growth in Agriculture

Gonzalo C. Pastor and Amer Bisat

93/2: Real Exchange Rate Targeting in Developing Countries

Peter Montiel and Jonathan David Ostry

93/1: Foreign Exchange Markets in Russia - Understanding the Reforms

Linda S. Goldberg

92/4: Inflation Stabilization and Nominal Anchors

Guillermo Calvo and Carlos Végh

92/3: The Operation of the Estonian Currency Board

Adam Bennett

92/2: Japanese Corporate Groups and Imports

Daniel Citrin

92/1: Inter-Enterprise Arrears in Transforming Economies: The Case of Romania

Eric V. Clifton and Mohsin S. Khan