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.

2007/298: How Has The Globalization of Labor Affected the Labor Income Share in Advanced Countries?

Florence Jaumotte and Irina Tytell

2007/297: Sovereign Wealth Funds in the Pacific Island Countries: Macro-Fiscal Linkages

Paulo Medas and Eric Le Borgne

2007/296: Equilibrium Exchange Rates: Assessment Methodologies

Peter Isard

2007/295: Modeling Inflation for Mali

Mame Astou Diouf

2007/294: Is Brazil Different? Risk, Dollarization, and Interest Rates in Emerging Markets

Márcio Holland, Edmar Bacha and Fernando M. Gonçalves

2007/293: Do Reserve Portfolios Respond to Exchange Rate Changes Using a Portfolio Rebalancing Strategy? An Econometric Study Using COFER Data

Ewe-Ghee Lim

2007/292: Border and Behind-the-Border Trade Barriers and Country Exports

Azim Sadikov

2007/291: Use of Participatory Notes in Indian Equity Markets and Recent Regulatory Changes

Manmohan Singh

2007/290: Stochastic Volatilities and Correlations, Extreme Values and Modeling the Macroeconomic Environment, Under Which Brazilian Banks Operate

Marcos Souto and Theodore Barnhill

2007/289: Government for the People: On the Determinants of the Size of U.S. Government

Tamim Bayoumi and Fernando M. Gonçalves

2007/288: Equity and Private Debt Markets in Central America, Panama, and the Dominican Republic

Hemant Shah, Jorge Chan-Lau, Geoffrey Bannister, Ana Carvajal and Ivan Guerra

2007/287: Testing for Purchasing Power Parity in Cointegrated Panels

Johan Lyhagen, Pär Österholm and Mikael Carlsson

2007/286: Buoyant Capital Spending and Worries over Real Appreciation: Cold Facts from Algeria

Oumar Diallo, Boileau Loko and Kangni Kpodar

2007/285: The Monetary Transmission Mechanism in Egypt

Rania Al-Mashat and Andreas Billmeier

2007/284: Solving for Country Portfolios in Open Economy Macro Models

Michael Devereux and Alan Sutherland

2007/283: Country Portfolio Dynamics

Alan Sutherland and Michael Devereux

2007/282: An Estimated DSGE Model for Monetary Policy Analysis in Low-Income Countries

Shanaka Peiris and Magnus Saxegaard

2007/281: International Diversification Gains and Home Bias in Banking

Alicia García-Herrero and Francisco Vazquez

2007/280: Changing Nature of North-South Linkages: Stylized Facts and Explanations

Cigdem Akin and Ayhan Kose

2007/279: Financial Globalization and Monetary Policy

Michael Devereux and Alan Sutherland

2007/278: High Growth and Low Consumption in East Asia: How to Improve Welfare While Avoiding Financial Failures

Celine Rochon, Andrew Feltenstein and Maral Shamloo

2007/277: Empirical Evidence on the New International Aid Architecture

Danny Cassimon, Stijn Claessens and Bjorn Van Campenhout

2007/276: Estimating Iceland’s Real Equilibrium Exchange Rate

Robert Tchaidze

2007/275: How Well Do Aggregate Bank Ratios Identify Banking Problems?

Martin Cihak and Klaus Schaeck

2007/274: Tax Policy: Recent Trends and Coming Challenges

Tehmina S. Khan and John Norregaard

2007/273: Do Remittances to Latin America Depend on the U.S. Business Cycle?

Ewa Gradzka and Shaun Roache

2007/272: Does the Bank Lending Channel of Monetary Transmission Work in Turkey?

Petya Brooks

2007/271: Simple Monetary Rules Under Fiscal Dominance

Michael Kumhof, Ricardo Nunes and Irina Yakadina

2007/270: Effect of Corruption on Tax Revenues in the Middle East

Patrick Imam and Davina Jacobs

2007/269: Is Inflation in India an Attractor of Inflation in Nepal?

Edimon Ginting

2007/268: What Explains India’s Real Appreciation?

Renu Kohli and Sudip Mohapatra

2007/267: Estimating Spillover Risk Among Large EU Banks

Li Ong and Martin Cihak

2007/266: China’s Changing Trade Elasticities

Jahangir Aziz and Xiangming Li

2007/265: The Optimal Level of Foreign Reserves in Financially Dollarized Economies: The Case of Uruguay

Fernando M. Gonçalves

2007/264: The Use of Encompassing Tests for Forecast Combinations

Turgut Kisinbay

2007/263: Education and Health in G7 Countries: Achieving Better Outcomes with Less Spending

Victoria Gunnarsson, Stéphane Carcillo and Marijn Verhoeven

2007/262: Financial Linkages Between the U.S. and Latin America: Evidence from Daily Data

Srideep Ganguly and Roberto Benelli

2007/261: Effect of IMF Structural Adjustment Programs on Expectations: The Case of Transition Economies

Patrick Imam

2007/260: EU Framework for Safeguarding Financial Stability: Towards an Analytical Benchmark for Assessing its Effectiveness

María Nieto and Garry Schinasi

2007/259: Strengths and Weaknesses in Securities Market Regulation: A Global Analysis

Jennifer Elliott and Ana Carvajal

2007/258: The Duration of Capital Account Crises—An Empirical Analysis

David Hofman, Ruben Atoyan, Dimitri Tzanninis and Mauro Mecagni

2007/257: Can Domestic Policies Influence Inflation?

Ashoka Mody and Franziska Ohnsorge

2007/256: Local Currency Debt Markets in the West African Economic and Monetary Union

Amadou Sy

2007/255: Mainstreaming Statistics in the Poverty Reduction Strategy Approach to Provide for More Effective Technical Assistance: Some Experience at the IMF

Robin Kibuka

2007/254: Consistent Quantitative Operational Risk Measurement and Regulation: Challenges of Model Specification, Data Collection and Loss Reporting

Andreas Jobst

2007/253: Optimal Taxation in the Forestry Sector in the Congo Basin: The Case of Gabon

Oscar Melhado Orellana

2007/252: Why Focus on Spending Needs Factors? The Political Economy of Fiscal Transfer Reforms in Mexico

Ehtisham Ahmad, Mercedes Garcia-Escribano, José Antonio González Anaya, Ernesto Revilla, Giorgio Brosio and Ben Lockwood

2007/251: Capital Account Convertibility and Risk Management in India

Amadou Sy

2007/250: The Markets in Financial Instruments Directive: Banking on Market and Supervisory Efficiency

François Haas

2007/249: GCC Monetary Union and the Degree of Macroeconomic Policy Coordination

Bassem Kamar and Sami Ben Naceur

2007/248: Decomposing Financial Risks and Vulnerabilities in Eastern Europe

Rupert Worrell, Andrea Maechler and Srobona Mitra

2007/247: Policy Challenges of Population Aging in Ireland

Dora Iakova and Dennis Botman

2007/246: Benchmarking the Efficiency of Public Expenditure in the Russian Federation

David Hauner

2007/245: Financial Development in Emerging Europe: The Unfinished Agenda

Edda Zoli

2007/244: Finance and Convergence: What’s Ahead for Emerging Europe?

Philip Schellekens and Rudolfs Bems

2007/243: Implications of Oil Inflows for Savings and Reserve Management in the Cemac

International Monetary Fund

2007/242: A Markov-Switching Approach to Measuring Exchange Market Pressure

Francis Kumah

2007/241: Alternative Fiscal Rules for Norway

Daniel Leigh and Etibar Jafarov

2007/239: Operational Risk: The Sting is Still in the Tail But the Poison Dependson the Dose

Andreas Jobst

2007/238: How Does Financial Globalization Affect Risk Sharing? Patterns and Channels

Marco Terrones, Ayhan Kose and Eswar Prasad

2007/237: Sukuk vs. Eurobonds: Is There a Difference in Value-at-Risk?

Faezeh Raei and Selim Cakir

2007/236: Vulnerabilities in Emerging Southeastern Europe—How Much Cause for Concern?

International Monetary Fund

2007/235: Toward a Robust Fiscal Framework for Iceland: Motivation and Practical Suggestions

Anthony Annett

2007/234: Hedonic Imputation versus Time Dummy Hedonic Indexes

Walter Diewert, Mick Silver and Saeed Heravi

2007/233: Measuring Sovereign Risk in Turkey: An Application of the Contingent Claims Approach

Christian Keller, Peter Kunzel and Marcos Souto

2007/232: Fiscal Reaction Functions in the CFA Zone: An Analytical Perspective

Oral Williams and Olumuyiwa Adedeji

2007/231: Overcoming Barriers to Reform: On Incentive-Compatible International Assistance

Wolfgang Mayer and Alex Mourmouras

2007/230: The Equity Premium Puzzle, Ambiguity Aversion, and Institutional Quality

Abbas Mirakhor and S. Erbas

2007/229: Capital Market Development in a Small Country: The Case of Slovenia

Jochen Andritzky

2007/228: The Determinants of Corporate Risk in Emerging Markets: An Option-Adjusted Spread Analysis

Eduardo Cavallo and Patricio Valenzuela

2007/227: Public Financial Institutions in Developed Countries—Organization and Oversight

Lev Ratnovski and Aditya Narain

2007/226: The Health Sector in the Slovak Republic: Efficiency and Reform

Victoria Gunnarsson, Sergio Lugaresi and Marijn Verhoeven

2007/225: Sri Lanka’s Sources of Growth

Nombulelo Braiton

2007/224: Wild or Tamed?: India’s Potential Growth

Hiroko Oura

2007/223: Can Miracles Lead to Crises? the Role of Optimism in Emerging Markets Crises

Emine Boz

2007/222: Fiscal Management of Scaled-Up Aid

Sanjeev Gupta, Duncan Last, Isabell Adenauer, Kevin Fletcher, Gerd Schwartz, Shamsuddin Tareq and Richard Allen

2007/221: India: Asset Prices and the Macroeconomy

Catriona Purfield

2007/220: The Role of Fiscal Transparency in Sustaining Growth and Stability in Latin America

Taryn Parry

2007/219: Political Budget Cycles in Papua New Guinea

Ebrima Faal

2007/218: Ethnic Diversity, Democracy, and Corruption

Etienne Yehoue

2007/217: Optimal Monetary Policy in a Small Open Economy Under Segmented Asset Markets and Sticky Prices

Juan Medina and Ruy Lama

2007/216: Banking Competition and Capital Ratios

Martin Cihak and Klaus Schaeck

2007/215: Bank Ownership, Market Structure and Risk

Gianni De Nicolo and Elena Loukoianova

2007/214: The Shifting Structure of China’s Trade and Production

Li Cui and Murtaza Syed

2007/213: Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond – The Case of São Tomé and Príncipe

Alonso Segura, Walter Zarate, Gonzalo Pastor Campos and Ulrich Klueh

2007/212: Competitiveness in the CFA Franc Zone

Charalambos Tsangarides and Gustavo Ramirez

2007/211: What Drives China’s Growing Role in Africa?

Jian-Ye Wang

2007/210: Why Has Unemployment in Algeria Been Higher than in MENA and Transition Countries?

Kangni Kpodar

2007/209: Stock Market Development in Sub-Saharan Africa: Critical Issues and Challenges

Charles Adjasi and Charles Amo Yartey

2007/208: U.K. Inflation and Relative Prices over the Last Decade: How Important was Globalization?

Benjamin Hunt

2007/207: Endogenous Monetary Policy Credibility in a Small Macro Model of Israel

Eyal Argov, David Rose, Philippe Karam, Natan Epstein and Douglas Laxton

2007/206: Debt Stabilization Bias and the Taylor Principle: Optimal Policy in a New Keynesian Model with Government Debt and Inflation Persistence

David Vines and Sven Jari Stehn

2007/205: Indian Subnational Finances: Recent Performance

Ananthakrishnan Prasad and Adarsh Kishore

2007/204: The Effects of Dividend Taxes on Equity Prices: A Re-examination of the 1997 U.K. Tax Reform

Stephen Bond, Alexander Klemm and Michael Devereux

2007/203: Financial Deepening in Sub-Saharan Africa: Empirical Evidence on the Role of Creditor Rights Protection and Information Sharing

Calvin McDonald and Liliana Schumacher

2007/202: A Party without a Hangover? On the Effects of U.S. Government Deficits

Douglas Laxton and Michael Kumhof

2007/201: Assessing Competitiveness and Real Exchange Rate Misalignment in Low-Income Countries

Mark Lewis, Aurelie Martin and C. Di Bella

2007/200: DSGE Modeling at the Fund: Applications and Further Developments

Dennis Botman, David Rose, Douglas Laxton and Philippe Karam

2007/199: The Golden Rule and the Economic Cycles

Keiko Honjo

2007/198: Economic Growth in Croatia: Potential and Constraints

David Moore and Athanasios Vamvakidis