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.

2003/234: Do Active Labor Market Policies Increase Employment?

Marcello Estevão

2003/233: Financial Globalization, Portfolio Diversification, and the Pattern of International Trade

Miklós Koren

2003/232: Social Impact of a Tax Reform: The Case of Ethiopia

Sònia Muñoz and Sang-Wook Cho

2003/231: Do IMF-Supported Programs Boost Private Capital Inflows? the Role of Program Size and Policy Adjustment

Roberto Benelli

2003/230: Output Response to Currency Crises

Ratna Sahay, Deepak Mishra and Poonam Gupta

2003/229: Free Trade Areas and Rules of Origin: Economics and Politics

Arvind Panagariya and Rupa Duttagupta

2003/228: Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies

Yuko Kinoshita and Nauro Campos

2003/227: How Useful Are Benefit Incidence Analyses of Public Education and Health Spending

Erwin Tiongson, Hamid Davoodi and Sawitree Asawanuchit

2003/226: Dynamic Depositor Discipline in U.S. Banks

Kathleen McDill and Andrea Maechler

2003/225: Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

Thomas Cosimano and Michael Gapen

2003/224: What Sustains Fiscal Consolidations in Emerging Market Countries?

Benedict Clements, Sanjeev Gupta, Erwin Tiongson and Emanuele Baldacci

2003/223: Are Pegged and Intermediate Regimes More Crisis Prone?

Andrea Bubula and Inci Ötker-Robe

2003/222: Company Pension Plans, Stock Market Returns, and Labor Demand

Enrica Detragiache

2003/221: Predicting Sovereign Debt Crises

Axel Schimmelpfennig, Nouriel Roubini and Paolo Manasse

2003/220: Fiscal Rules and Countercyclical Policy: Frank Ramsey Meets Gramm-Rudman-Hollings

Evan Tanner

2003/219: The Role of Supervisory tools in Addressing Bank Borrowers' Currency Mismatches

Armando Méndez Morales and Maria del Mar Cacha

2003/218: Greater Monetary Policy Transparency for the G3: Lessons From Full-Fledged Inflation Targeters

Mark Stone

2003/217: Growth and Recovery in Mongolia During Transition

Kevin Cheng

2003/216: Social Incidence of the General Sales Tax in Pakistan

Saadia Refaqat

2003/215: Understanding the Costs of Deflation in the Japanese Context

Taimur Baig

2003/214: Dynamics of Corporate Performance in Thailand

Piyabha Kongsamut and V. Haksar

2003/213: Early Birds, Late Risers, and Sleeping Beauties: Bank Credit Growth to the Private Sector in Central and Eastern Europe and in the Balkans

Ivanna Hollar, Giovanni Dell'ariccia and Carlo Cottarelli

2003/212: Modeling Inflation in Georgia

Wojciech Maliszewski

2003/211: Mauritius: Unemployment and the Role of Institutions

James Yao and Calvin McDonald

2003/210: China's Labor Market Performance and Challenges

Tao Ran and R. Brooks

2003/209: Priorities for Further Fiscal Reforms in the Commonwealth of Independent States

Henri Lorie

2003/208: The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period

Jun Nagayasu

2003/207: Of Openess and Distance: Trade Developments in the Commonwealth of Independent States, 1993-2002

Katrin Elborgh-Woytek

2003/206: The United States and the New Regionalism/ Bilateralism

Yongzheng Yang and Alvin Hilaire

2003/205: Financial Development in the CIS-7 Countries: Bridging the Great Divide

Gianni De Nicolo, Sami Geadah and Dmitriy Rozhkov

2003/204: Real and Distributive Effects of Petroleum Price Liberalization: The Case of Indonesia

Benedict Clements, Sanjeev Gupta and Hong-Sang Jung

2003/203: Macro Effects of Corporate Restructuring in Japan

Se-Jik Kim

2003/202: Pricing Debit Card Payment Services: An IO Approach

Alexander Tieman and Wilko Bolt

2003/201: Puttable and Extendible Bonds: Developing Interest Rate Derivatives for Emerging Markets

Salih Neftci and Andre Santos

2003/200: The Effects of Exchange Rate Fluctuationson Output and Prices: Evidence From Developing Countries

Magda Kandil and Ida Mirzaie

2003/199: Promoting Fiscal Transparency the Complementary Roles of the Imf, Financial Markets and Civil Society

Murray Petrie

2003/198: Prudential Issues in Less Diversified Economies

Aditya Narain, Pau Rabanal and Steen Byskov

2003/197: Dealing with Increased Risk of Natural Disasters: Challenges and Options

Michael Keen, Paul Freeman and Muthukumara Mani

2003/196: Crisis Resolution: Next Steps

Kenneth Kletzer, Barry Eichengreen and Ashoka Mody

2003/195: Poverty and Social Impact Analysis: A Suggested Framework

Shahabuddin Hossain

2003/194: The U.S. Dollar and the Trade Deficit: What Accounts for the Late 1990's?

Benjamin Hunt and Alessandro Rebucci

2003/193: Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation

Robert Townsend and Kenichi Ueda

2003/192: Reputation, Debt, and Policy Conditionality

Rodney Ramcharan

2003/191: Who's in Charge? Ownership and Conditionality in IMF-Supported Programs

James Boughton

2003/190: International Versus Domestic Auditing of Bank Solvency

Andrew Feltenstein and Roger Lagunoff

2003/189: Are Immigrant Remittance Flows a Source of Capital for Development?

Samir Jahjah, Ralph Chami and Connel Fullenkamp

2003/188: Crisis in Competitive Versus Monopolistic Banking Systems

Bruce Smith, Gianni De Nicolo and John Boyd

2003/187: Fiscal Sustainability in African HIPC Countries: A Policy Dilemma?

Annalisa Fedelino and Alina Kudina

2003/186: FDI Spillovers, Financial Markets, and Economic Development

Selin Sayek, Laura Alfaro, Areendam Chanda and Sebnem Kalemli-Ozcan

2003/185: The WTO Promotes Trade, Strongly But Unevenly

Shang-Jin Wei and Arvind Subramanian

2003/184: On the Determinants of First-Time Sovereign Bond Issues

David Grigorian

2003/183: Monetary Policies for Developing Countries: The Role of Corruption

Haizhou Huang and Shang-Jin Wei

2003/182: The Fiscal Smile: The Effectiveness and Limits of Fiscal Stabilizers

Maria Silgoner, Jesús Crespo-Cuaresma and Gerhard Reitschuler

2003/181: Time-Varying Thresholds: An Application to Purchasing Power Parity

Gene Leon and Serineh Najarian

2003/180: Capital Account Liberalization and Corporate Taxes

Ben Lockwood, Michael Devereux and Michela Redoano

2003/179: Nominal Anchors in the CIS

Peter Keller and Thomas Richardson

2003/178: Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa

Vivek Arora and Ashok Bhundia

2003/177: Why Do Emerging Economies Borrow in Foreign Currency?

Olivier Jeanne

2003/176: Foreign Aid and Revenue Response: Does the Composition of Aid Matter?

Alexander Pivovarsky, Benedict Clements, Sanjeev Gupta and Erwin Tiongson

2003/175: Debt Relief, Additionality, and Aid Allocation in Low Income Countries

Robert Powell

2003/174: Reconciling Stability and Growth: Smart Pacts and Structural Reforms

Roel Beetsma and Xavier Debrun

2003/173: Reforming Tax Systems: Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union

Vahram Stepanyan

2003/172: The Persistence of Corruption and Regulatory Compliance Failures: Theory and Evidence

Per Fredriksson, Muthukumara Mani and Richard Damania

2003/171: Measuring Contagion with a Bayesian Time-Varying Coefficient Model

Alessandro Rebucci and Matteo Ciccarelli

2003/170: Estimating Indexes of Coincident and Leading Indicators: An Application to Jordan

Joannes Mongardini and Tahsin Saadi Sedik

2003/169: From Program to Performance Budgeting: The Challenge for Emerging Market Economies

Jack Diamond

2003/168: Economic Resilience with An Exchange Rate Peg: The Barbados Experience, 1985-2000

Roland Craigwell, Kevin Greenidge, Harold Codrington and Rupert Worrell

2003/167: Diamond Smuggling and Taxation in Sub-Saharan Africa

Matthias Vocke and Nienke Oomes

2003/166: Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data

Guido de Blasio

2003/165: Social Returns to Education: Evidence From Italian Local Labor Market Areas

A. Dalmazzo and Guido de Blasio

2003/164: The Wage-Price Spiral: Industrial Country Evidence and Implications

Magda Kandil

2003/163: Fiscal Transparency in EU Accession Countries: Progress and Future Challenges

William Allan and Taryn Parry

2003/162: Fiscal Sustainability and Policy Issues in the Eastern Caribbean Currency Union

Anthony Pellechio, Saqib Rizavi and Phebby Kufa

2003/161: Recovery Rates From Distressed Debt: Empirical Evidence From Chapter 11 Filings, International Litigation, and Recent Sovereign Debt Restructurings

Manmohan Singh

2003/160: Exchange Rate Regime Choice in Historical Perspective

Michael Bordo

2003/159: Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates

Gene Leon and Serineh Najarian

2003/158: Bank Consolidation, Internationalization, and Conglomeration: Trends and Implications for Financial Risk

Gianni De Nicolo, Mary Zephirin, Philip Bartholomew and Jahanara Zaman

2003/157: Hierarchy and Authority in a Dynamic Perspective: A Model Applied to Donor Financing of NGO Proposals

Boriana Yontcheva

2003/156: Singapore, Inc. Versus the Private Sector: Are Government-Linked Companies Different?

Ling Hui Tan and Carlos Ramirez

2003/155: Fiscal Policy in Nigeria: Any Role for Rules?

Thomas Baunsgaard

2003/154: Does Productivity Growth Lead to Appreciation of the Real Exchange Rate?

Jaewoo Lee and Man-Keung Tang

2003/153: What Would a Development-Friendly WTO Architecture Really Look Like?

Arvind Subramanian and Aaditya Mattoo

2003/152: Official Intervention in the Foreign Exchange Market: Elements of Best Practice

Jorge Canales Kriljenko, Cem Karacadag and Roberto Guimarães-Filho

2003/151: Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization

Oya Celasun

2003/150: The Performance of Indian Banks During Financial Liberalization

Petya Brooks

2003/149: The Cost Channel of Monetary Policy: Further Evidence for the United States and the Euro Area

Pau Rabanal

2003/148: The Role of Information in Driving FDI Flows: Host-Country Transparency and Source-Country Specialization

Assaf Razin, Ashoka Mody and Efraim Sadka

2003/147: Exits From Pegged Regimes: An Empirical Analysis

Inci Ötker-Robe and Rupa Duttagupta

2003/146: Dollarization of the Banking System: Good or Bad?

Gianni De Nicolo, Patrick Honohan and Alain Ize

2003/145: Assessing Fiscal Sustainability: A Cross-Country Comparison

Enzo Croce and V. Juan-Ramon

2003/144: A Political Agency Theory of Central Bank Independence

Gauti Eggertsson and Eric Le Borgne

2003/143: The Response of the Current Account to Terms of Trade Shocks: Persistence Matters

Paul Cashin and Christopher Kent

2003/142: The Efficiency of the Japanese Equity Market

Jun Nagayasu

2003/141: Exchange Rate Pass-Through in Brazil

Agnes Belaisch

2003/140: Trade Elasticities and Market Expectations in Brazil

Claudio Paiva

2003/139: Addressing the Natural Resource Curse: An Illustration From Nigeria

Arvind Subramanian and Xavier Sala-i-Martin

2003/138: Insurance and Issues in Financial Soundness

Udaibir Das, Richard Podpiera and Nigel Davies

2003/137: Exchange Rate Regime Considerations for Jordan and Lebanon

Rina Bhattacharya

2003/136: Enterprise Restructuring and Transition: Evidence From the Former Yugoslav Republic of Macedonia

Juan Zalduendo

2003/135: Central Bank Foreign Exchange Market Intervention and Option Contract Specification: The Case of Colombia

Ousmene Mandeng