IMF Working Papers

From International Monetary Fund
International Monetary Fund, Washington, DC USA.
Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

2013/184: Cooperative and Islamic Banks: What can they Learn from Each Other?

Saeed Al-Muharrami and Daniel Hardy

2013/183: Capital Flows are Fickle: Anytime, Anywhere

John Bluedorn, Rupa Duttagupta, Jaime Guajardo and Petia Topalova

2013/182: Assessing the Impact and Phasing of Multi-year Fiscal Adjustment: A General Framework

Ran Bi, Haonan Qu and James Roaf

2013/181: The Driving Force behind the Boom and Bust in Construction in Europe

Yan Sun, Pritha Mitra and Alejandro Simone

2013/180: Testing the Prebisch-Singer Hypothesis since 1650: Evidence from Panel Techniques that Allow for Multiple Breaks

Rabah Arezki, Kaddour Hadri, Prakash Loungani and Yao Rao

2013/179: Dismal Employment Growth in EU Countries: The Role of Corporate Balance Sheet Repair and Dual Labor Markets

Bas Bakker and Li Zeng

2013/178: Credibility and Crisis Stress Testing

Li Ong and Ceyla Pazarbasioglu

2013/177: HEAT! A Bank Health Assessment Tool

Li Ong, Phakawa Jeasakul and Sarah Kwoh

2013/176: Benchmarking Structural Transformation Across the World

Era Dabla-Norris, Alun Thomas, Rodrigo Garcia-Verdu and Yingyuan Chen

2013/175: Financial Interconnectedness and Financial Sector Reforms in the Caribbean

Sumiko Ogawa, Joonkyu Park, Diva Singh and Nita Thacker

2013/174: Sudden stops, time inconsistency, and the duration of sovereign debt

Juan Carlos Hatchondo and Leonardo Martinez

2013/173: Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa

Patrick Fossat and Michel Bua

2013/172: Bank Resolution Costs, Depositor Preference, and Asset Encumbrance

Daniel Hardy

2013/171: What Explains Movements in the Peso/Dollar Exchange Rate?

Yi Wu

2013/170: Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment

Salvatore Dell'Erba, Todd Mattina and Agustin Roitman

2013/169: The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics: Many Paths to the Same Endpoint

Joong Kang and Jay Shambaugh

2013/168: Systemic Risk Monitoring ("SysMo") Toolkit—A User Guide

Nicolas Blancher, Srobona Mitra, Hanan Morsy, Akira Otani, Tiago Severo and Laura Valderrama

2013/167: Evaluating the Net Benefits of Macroprudential Policy: A Cookbook

Nicolas Arregui, Jaromir Benes, Ivo Krznar, Srobona Mitra and Andre Santos

2013/166: The Macroprudential Framework: Policy Responsiveness and Institutional Arrangements

Cheng Lim, Ivo Krznar, Fabian Lipinsky, Akira Otani and Xiaoyong Wu

2013/165: Institutional Arrangements for Macroprudential Policy in Asia

Cheng Lim, Rishi Ramchand, Helen Wagner and Xiaoyong Wu

2013/164: Determinants of Sovereign Bond Spreads in Emerging Markets: Local Fundamentals and Global Factors vs. Ever-Changing Misalignments

Balázs Csontó and Iryna Ivaschenko

2013/163: Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union

Mario Mansour and Grégoire Rota Graziosi

2013/162: Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?

Santiago Acosta Ormaechea and Atsuyoshi Morozumi

2013/161: Financial Depth in the WAEMU: Benchmarking Against Frontier SSA Countries

Calixte Ahokpossi, Kareem Ismail, Sudipto Karmakar and Mesmin Koulet-Vickot

2013/160: Basel Capital Requirements and Credit Crunch in the MENA Region

Sami Ben Naceur and Magda Kandil

2013/159: Does Fiscal Policy Affect Interest Rates? Evidence from a Factor-Augmented Panel

Salvatore Dell'Erba and Sergio Sola

2013/158: Monetary Policy and Balance Sheets

Deniz Igan, Alain Kabundi, Francisco Nadal De Simone and Natalia Tamirisa

2013/157: Toward A Sustainable and Inclusive Consolidation in Lithuania: Past Experience and What is Needed Going Forward

Nan Geng

2013/156: Country Transparency and the Global Transmission of Financial Shocks

Luis Brandão-Marques, R. Gaston Gelos and Natalia Melgar

2013/155: Inflation Dynamics and Monetary Policy Transmission in Vietnam and Emerging Asia

Rina Bhattacharya

2013/154: Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery

Manuela Goretti and Marcos Souto

2013/153: Fiscal Policy over the Election Cycle in Low-Income Countries

Christian Ebeke and Dilan Ölcer

2013/152: The Elusive Quest for Inclusive Growth: Growth, Poverty, and Inequality in Asia

Ravi Balakrishnan, Chad Steinberg and Murtaza Syed

2013/151: The Distributional Effects of Fiscal Consolidation

Laurence Ball, Davide Furceri, Daniel Leigh and Prakash Loungani

2013/150: How Do Banking Crises Affect Bilateral Exports?

Youssouf Kiendrebeogo

2013/149: The Growth and Stabilization Properties of Fiscal Policy in Malaysia

Sohrab Rafiq

2013/148: Bank Funding in Central, Eastern and South Eastern Europe Post Lehman: A “New Normal”?

Gregorio Impavido, Heinz Rudolph and Luigi Ruggerone

2013/147: Investing Volatile Oil Revenues in Capital-Scarce Economies: An Application to Angola

Christine Richmond, Irene Yackovlev and Susan Yang

2013/146: Does Public-Sector Employment Fully Crowd Out Private-Sector Employment?

Alberto Behar and Junghwan Mok

2013/145: Potential Output and Output Gap in Central America, Panama and Dominican Republic

Christian Johnson

2013/144: Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries: The Case of Cameroon

Issouf Samaké, Priscilla Muthoora and Bruno Versailles

2013/143: Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States

Giovanni Dell'ariccia, Luc Laeven and Gustavo Suarez

2013/142: Risk Exposures and Financial Spillovers in Tranquil and Crisis Times: Bank-Level Evidence

Hélène Poirson and Jochen M. Schmittmann

2013/141: Fiscal Policy and Lending Relationships

Giovanni Melina and Stefania Villa

2013/140: The Comovement in Commodity Prices: Sources and Implications

Ron Alquist and Olivier Coibion

2013/139: Inclusive Growth: An Application of the Social Opportunity Function to Selected African Countries

Olumuyiwa Adedeji, Huancheng Du and Maxwell Opoku-Afari

2013/138: The Macroeconomic Effects of Natural Resource Extraction: Applications to Papua New Guinea

Suman Basu, Jan Gottschalk, Werner Schule, Nikhil Vellodi and Susan Yang

2013/137: Measuring the Informal Economy in the Caucasus and Central Asia

Yasser Abdih and Leandro Medina

2013/136: The Economic Effects of Fiscal Consolidation with Debt Feedback

Marcello Estevão and Issouf Samaké

2013/135: Inclusive Growth: Measurement and Determinants

Rahul Anand, Saurabh Mishra and Shanaka Peiris

2013/134: Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

Fabio Comelli

2013/133: Afghanistan: Balancing Social and Security Spending in the Context of Shrinking Resource Envelope

Aqib Aslam, Enrico Berkes, Martin Fukac, Jeta Menkulasi and Axel Schimmelpfennig

2013/132: The Growth Comeback in Developing Economies: A New Hope or Back to the Future?

John Bluedorn, Rupa Duttagupta, Jaime Guajardo and Nkunde Mwase

2013/131: Fixing the Fixings: What Road to a More Representative Money Market Benchmark?

V. Brousseau, Alexandre Chailloux and Alain Durré

2013/130: The Finance and Growth Nexus Re-Examined: Do All Countries Benefit Equally?

Adolfo Barajas, Ralph Chami and Seyed Reza Yousefi

2013/129: Taxing Immovable Property Revenue Potential and Implementation Challenges

John Norregaard

2013/128: The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India

Rahul Anand, David Coady, Adil Mohommad, Vimal Thakoor and James Walsh

2013/127: Options and Strategies for Fiscal Consolidation in India

Sampawende Tapsoba

2013/126: Competition Policy for Modern Banks

Lev Ratnovski

2013/125: That Squeezing Feeling: The Interest Burden and Public Debt Stabilization

Xavier Debrun and Tidiane Kinda

2013/124: The Great Recession and the Inflation Puzzle

Troy Matheson and Emil Stavrev

2013/123: Are the Asia and Pacific Small States Different from Other Small States?

Patrizia Tumbarello, Ezequiel Cabezon and Yiqun Wu

2013/122: Foreign Investors Under Stress: Evidence from India

Ila Patnaik, Ajay Shah and Nirvikar Singh

2013/121: Financial Structures and Economic Outcomes: An Empirical Analysis

Tom Gole and Tao Sun

2013/120: Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Rudrani Bhattacharya and Ila Patnaik

2013/119: Emerging Economy Business Cycles: Financial Integration and Terms of Trade Shocks

Rudrani Bhattacharya, Ila Patnaik and Madhavi Pundit

2013/118: Heterogeneous Bank Lending Responses to Monetary Policy: New Evidence from a Real-time Identification

John Bluedorn, Christopher Bowdler and Christoffer Koch

2013/117: Fiscal Multipliers in the ECCU

Jesus Gonzalez-Garcia, Antonio Lemus and Mico Mrkaic

2013/116: Inclusive Growth and the Incidence of Fiscal Policy in Mauritius: Much Progress, But More Could be Done

Antonio David and Martin Petri

2013/115: Near-Coincident Indicators of Systemic Stress

Ivailo Arsov, Elie Canetti, Laura Kodres and Srobona Mitra

2013/114: World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy

Luis Catão and Roberto Chang

2013/113: External Liabilities and Crises

Luis Catão and Gian Maria Milesi-Ferretti

2013/112: Energy Subsidies and Energy Consumption: A Cross-Country Analysis

Joshua Charap, Arthur Ribeiro da Silva and Pedro Rodriguez

2013/111: The Anatomy of the VAT

Michael Keen

2013/110: The Welfare Implications of Services Liberalization in a Developing Country: Evidence from Tunisia

Nizar Jouini and Nooman Rebei

2013/109: Is the Growth Momentum in Latin America Sustainable?

Sebastian Sosa, Evridiki Tsounta and Marie Kim

2013/108: Export Quality in Developing Countries

Christian Henn, Chris Papageorgiou and Nikola Spatafora

2013/107: Capital Account Policies in Chile Macro-financial considerations along the path to liberalization

Yan Carrière-Swallow and Pablo Garcia-Silva

2013/106: Credit Growth in Latin America: Financial Development or Credit Boom?

Niels-Jakob Hansen and Olga Sulla

2013/105: What Is in Your Output Gap? Unified Framework & Decomposition into Observables

Michal Andrle

2013/104: The Pacific Speed of Growth: How Fast Can It Be and What Determines It?

Yongzheng Yang, Hong Chen, Shiu raj Singh and Baljeet Singh

2013/103: Four Decades of Terms-of-Trade Booms: Saving-Investment Patterns and a New Metric of Income Windfall

Gustavo Adler and Nicolas Magud

2013/102: Balance Sheet Strength and Bank Lending During the Global Financial Crisis

Tümer Kapan and Camelia Minoiu

2013/101: The Impact of Foreign Bank Deleveraging on Korea

Sonali Jain-Chandra, Min Jung Kim, Sung Ho Park and Jerome Shin

2013/100: Measuring Competitiveness: Trade in Goods or Tasks?

Tamim Bayoumi, Mika Saito and Jarkko Turunen

2013/099: Survey of Reserve Managers: Lessons from the Crisis

Aideen Morahan and Christian Mulder

2013/098: Understanding DSGE Filters in Forecasting and Policy Analysis

Michal Andrle

2013/097: Productivity or Employment: Is It a Choice?

Andrea De Michelis, Marcello Estevão and Beth Anne Wilson

2013/096: Monetary Policy in Emerging Markets: Taming the Cycle

Donal McGettigan, Kenji Moriyama, Jean Noah Ndela Ntsama, Francois Painchaud, Haonan Qu and Chad Steinberg

2013/095: Another Look at Governments’ Balance Sheets: The Role of Nonfinancial Assets

Elva Bova, Robert Dippelsman, Kara Rideout and Andrea Schaechter

2013/094: International Evidence on Government Support and Risk Taking in the Banking Sector

Luis Brandão-Marques, Ricardo Correa and Horacio Sapriza

2013/093: The Impact of Debt Sustainability and the Level of Debt on Emerging Markets Spreads

Nazim Belhocine and Salvatore Dell'Erba

2013/092: Searching for the Finance-Growth Nexus in Libya

Serhan Cevik and Mohammad Rahmati

2013/091: The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms

Lorenzo E. Bernal-Verdugo, Davide Furceri and Dominique Guillaume

2013/090: The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market

Ila Patnaik and Ajay Shah

2013/089: Fiscal Sustainability: A 21st Century Guide for the Perplexed

Evan Tanner

2013/088: Market-Based Structural Top-Down Stress Tests of the Banking System

Jorge Chan-Lau

2013/087: GPM6: The Global Projection Model with 6 Regions

Ioan Carabenciov, Charles Freedman, Roberto Garcia-Saltos, Douglas Laxton, Ondrej Kamenik and Petar Manchev

2013/086: Leaning Against the Wind and the Timing of Monetary Policy

Itai Agur and Maria Demertzis

2013/085: Monetary Transaction Costs and the Term Premium

Raphael Espinoza and Dimitrios Tsomocos