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Content
1998
- 1998/175 Export Credit Agencies, Trade Finance and South East Asia
by Mr. Malcolm Stephens
- 1998/174 The Wage Bargaining Structure in Norway and Sweden and its Influenceon Real Wage Developments
by Mr. Alun H. Thomas
- 1998/173 Fixed-Income Markets in the United States, Europe, and Japan-Some Lessons for Emerging Markets
by Mr. Garry J. Schinasi & T. Todd Smith
- 1998/172 International Capital Flows and National Creditworthiness: Do the Fundamental Things Apply As Time Goes By?
by Mr. Paul Cashin & Mr. C. John McDermott
- 1998/171 Private Saving in Colombia
by Mr. Juan Ricardo Ortega & Mr. Alejandro Lopez Mejia
- 1998/170 Monetary Policy in the Aftermath of Currency Crises: The Case of Asia
by Mr. Taimur Baig & Mr. Ilan Goldfajn
- 1998/169 Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence
by International Monetary Fund
- 1998/168 Managing Capital Flows: Lessons From the Experience of Chile
by Mr. Bernard J Laurens & Mr. Jaime Cardoso
- 1998/167 The Decline of Traditional Sectors in Israel: The Role of the Exchange Rate and the Minimum Wage
by Mr. Eric V. Clifton
- 1998/166 Economic Determinants of Government Subsidies
by Mr. Benedict J. Clements & Mr. Hugo Rodríguez & Mr. Gerd Schwartz
- 1998/165 Migration and Pension
by Efraim Sadka & Assaf Razin
- 1998/164 The Quality of Governance: “Second-Generation” Civil Service Reform in Africa
by International Monetary Fund
- 1998/163 The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes: A Theoretical Model
by Ms. Hong Liang
- 1998/162 The Impact of Human Capital on Growth: Evidence from West Africa
by Ms. Sonia Brunschwig & Mr. Emilio Sacerdoti & Mr. Jon Tang
- 1998/161 Inflation, Uncertainty, and Growth in Colombia
by Mr. Henry Ma
- 1998/160 Determinants of Inflation, Exchange Rate, and Output in Nigeria
by Louis Kuijs
- 1998/159 Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications
by Assaf Razin & Chi-Wa Yuen & Efraim Sadka
- 1998/158 Fiscal Effects of the 1993 Colombian Pension Reform
by Sergio Clavijo
- 1998/157 Demand for Money in Mozambique: Was There a Structural Break?
by Mr. Marco A. Piñón-Farah
- 1998/156 Soft Exchange Rate Bands and Speculative Attacks: Theory, and Evidence from the ERM since August 1993
by Mr. Leonardo Bartolini & Mr. Alessandro Prati
- 1998/155 Financial Market Contagion in the Asian Crisis
by Mr. Taimur Baig & Mr. Ilan Goldfajn
- 1998/154 Are Currency Crises Predictable? A Test
by Ms. Catherine A Pattillo & Mr. Andrew Berg
- 1998/153 Monetary Policy in a Small Open Economy with Credit Goods Production
by Mr. Jorge A Chan-Lau
- 1998/152 The Effects of Tax Wedges on Hours Worked and Unemployment in Sweden
by Mr. Alun H. Thomas
- 1998/151 Pension Developments and Reforms in Transition Economies
by Mr. Carlo Cottarelli & Mr. Luis M. Cubeddu & Mr. M. Cangiano
- 1998/150 European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe: Theory and Evidence
by Mr. Patrick P. Walsh & Mr. Alexander Repkine
- 1998/149 Time Series Analysis of Export Demand Equations: A Cross-Country Analysis
by Mr. Claudio Montenegro & Mr. Abdelhak S Senhadji
- 1998/148 Purchasing Power Parities in Five East African Countries: Burundi, Kenya, Rwanda, Tanzania, and Uganda
by Mr. Noureddine Krichene
- 1998/147 Real Exchange Rate Volatility: Does the Nominal Exchange Rate Regime Matter?
by Ms. Hong Liang
- 1998/146 Optimal Fiscal Policy and the Environment
by Ms. Jenny E Ligthart
- 1998/145 Explaining the Recent Behavior of Inflation and Unemployment in the United States
by Mr. Vincent Hogan
- 1998/144 Monetary Operations and Government Debt Management Under Islamic Banking
by International Monetary Fund
- 1998/143 Crises, Contagion, and the Closed: End Country Fund Puzzle
by Mr. Eduardo Levy Yeyati & Mr. Angel J. Ubide
- 1998/142 Contagion: Monsoonal Effects, Spillovers, and Jumps Between Multiple Equilibria
by Mr. Paul R Masson
- 1998/141 Recovery and Growth in Transition Economies 1990–97: A Stylized Regression Analysis
by International Monetary Fund
- 1998/140 From Autarky to Integration: Imitation, Foreign Borrowing, and Growth
by International Monetary Fund
- 1998/139 Can the Neoclassical Model Explain the Distribution of Foreign Direct Investment Across Developing Countries?
by Mr. Harm Zebregs
- 1998/138 Managing Corporate Distress in the Philippines: Some Policy Recommendations
by Mr. Charles Woodruff & Ms. G. C. Lim
- 1998/137 East Asian Growth Before and After the Crisis
by Mr. N. F. R. Crafts
- 1998/136 Is the United States CPI Biased Across Income and Age Groups?
by Mr. S. Nuri Erbas & Chera L. Sayers
- 1998/135 Tax Revenue in Sub-Saharan Africa: Effects of Economic Policies and Corruption
by Mr. Dhaneshwar Ghura
- 1998/134 The Role of Allocation in a Globalized Corporate Income Tax
by Mr. Jack M. Mintz
- 1998/133 The Uzbek Growth Puzzle
by Mr. Jeromin Zettelmeyer
- 1998/132 Output Decline and Recovery in Uzbekistan: Past Performance and Future Prospects
by Mr. Jeromin Zettelmeyer & Mr. Günther Taube
- 1998/131 Can Short-Term Capital Controls Promote Capital Inflows?
by Mr. Tito Cordella
- 1998/130 Perspectiveson the Recent Currency Crisis Literature
by Ms. Nancy P. Marion & Mr. Robert P Flood
- 1998/129 Increasing Dependency Ratios, Pensions, and Tax Smoothing
by Mr. Vito Tanzi & Efraim Sadka
- 1998/128 The East Asian Crisis: Macroeconomic Developments and Policy Lessons
by Ms. Kalpana Kochhar & Mr. Prakash Loungani & Mr. Mark R. Stone
- 1998/127 Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation—with Reference to the Asian Financial Crisis
by Zhaohui Chen & Mr. Jorge A Chan-Lau
- 1998/126 Central Banking in Transition Countries
by Mr. Helmut Wagner
- 1998/125 Fixed Investment and Capital Flows: A Real Options Approach
by Mr. Jorge A Chan-Lau & Mr. Peter B. Clark
- 1998/124 Self-Fulfilling Risk Predictions: An Application to Speculative Attacks
by Mr. Robert P Flood & Ms. Nancy P. Marion
- 1998/123 Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study
by Mr. Jun Nagayasu
- 1998/122 Tax Smoothing in a Financially Repressed Economy: Evidence from India
by Mr. Paul Cashin & Nilss Olekalns & Ms. Ratna Sahay
- 1998/121 Capital Structures and Portfolio Composition During Banking Crisis: Lessons from Argentina 1995
by Mr. Alberto M. Ramos
- 1998/120 The Demise of the Nation State?
by Mr. Vito Tanzi
- 1998/119 Search Unemployment with Advance Notice
by Mr. Pietro Garibaldi
- 1998/118 Macroeconomic Performance Under Alternative Exchange Rate Regimes: Does Wage Indexation Matter?
by Mr. Esteban Jadresic
- 1998/117 Deviations From Uncovered Interest Parity: A Global Guide to Where the Action Is
by Mr. Evan C Tanner
- 1998/116 Impact of European Union Assocation Agreements on Mediterranean Countries
by Mr. Henri C. Ghesquière
- 1998/115 Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union: Lessons from the U.S. Experience
by Mr. Howell H Zee & Mr. Vito Tanzi
- 1998/114 The Transmission of Monetary Policy in Israel
by Fiorella De Fiore
- 1998/113 Market-Based Policy Instruments for Systemic Bank Restructuring
by Mr. Tamim Bayoumi & Mr. Paul R Masson
- 1998/112 Liability-Creating Versus Non-Liability-Creating Fiscal Stabilization Policies: Ricardian Equivalence, Fiscal Stabilization, and EMU
by Mr. Paul R Masson & Mr. Tamim Bayoumi
- 1998/111 Welfare Cost of (Low) Inflation: A General Equilibrium Perspective
by Mr. Howell H Zee
- 1998/110 Interest Spreads in Banking: Costs, Financial Taxation, Market Power, and Loan Quality in the Colombian Case 1974–96
by Mr. Adolfo Barajas & Ms. Natalia Salazar & Mr. Roberto Steiner
- 1998/109 Considerations in Reducing Inflation From Low to Lower Levels
by Mr. Stephen Tokarick & Mr. Michael P. Leidy
- 1998/108 Structural Reforms in Government Bond Markets
by International Monetary Fund
- 1998/107 Exchange Rate Fluctuations and Trade Flows: Evidence From the European Union
by Mr. Giovanni Dell'Ariccia
- 1998/106 Disinflation in Spain: The Recent Experience
by Mr. Nicolas Sobczak
- 1998/105 Developing Countries and the Globalization of Financial Markets
by Mr. Malcolm D. Knight
- 1998/104 Determinants of Growth in an Error: Correction Model for El Salvador
by Mr. Armando Méndez Morales
- 1998/103 Policy Responses to External Imbalances in Emerging Market Economies: Further Empirical Results
by Luis Carranza & Mr. Chorng-Huey Wong
- 1998/102 How Big is the Brain Drain?
by Mr. William Carrington & Ms. Enrica Detragiache
- 1998/101 Inflation and Money Demand in Albania
by Mr. Sanja Kalra
- 1998/100 From Inflation to Growth: Eight Years of Transition
by Mr. Peter Doyle & Mr. Peter F. Christoffersen
- 1998/099 Explaining Investment in the WAEMU
by Mr. Athanasios Vamvakidis
- 1998/098 The Impact of Economic Securityon Bank Deposits and Investment
by Mr. Michael Fabricius
- 1998/097 Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition
by Mr. Tito Cordella & Mr. Eduardo Levy Yeyati
- 1998/096 Banking System Restructuring in Kazakhstan
by Mr. David S. Hoelscher
- 1998/095 Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model
by Mr. Douglas Laxton & Mr. Tamim Bayoumi & Mr. David T. Coe
- 1998/094 North-South Trade: Is Africa Unusual?
by Mr. David T. Coe & Mr. Willy A Hoffmaister
- 1998/093 Bank Lending and Interest Rate Changes in a Dynamic Matching Model
by Mr. Giovanni Dell'Ariccia & Mr. Pietro Garibaldi
- 1998/092 Asymmetric Information and the Market Structure of the Banking Industry
by Mr. Giovanni Dell'Ariccia
- 1998/091 Leading Indicators of Banking Crises: Was Asia Different?
by International Monetary Fund
- 1998/090 Intermediation Spreads in a Dual Currency Economy: Argentina in the 1990s
by Mr. Luis Catão
- 1998/089 Current Account Reversals and Currency Crises: Empirical Regularities
by Mr. Gian M Milesi-Ferretti & Assaf Razin
- 1998/088 The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96
by Mr. Aleš Bulíř
- 1998/087 The United Kingdom's Experience with Inflation Targeting
by International Monetary Fund
- 1998/086 Japanese Effective Exchange Rates and Determinants: Prices, Real Interest Rates, and Actual and Optimal Current Accounts
by Mr. Jun Nagayasu
- 1998/085 The Effects of European Economic Integration on the Profitability of Industries
by Ms. Dalia S Hakura
- 1998/084 Trading Blocs and Welfare: How Trading Bloc Members Are Affected by New Entrants
by R. Scott Hacker & Mr. Qaizar Hussain
- 1998/083 Financial Liberalization and Financial Fragility
by Ms. Enrica Detragiache & Asli Demirgüç-Kunt
- 1998/082 Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations
by Mr. Robert A Feldman & Heliodoro Temprano-Arroyo
- 1998/081 Exchange and Capital Controls as Barriers to Trade
by Ms. Natalia T. Tamirisa
- 1998/080 A Model for Financial Programming
by Mr. Jan Giehm Mikkelsen
- 1998/079 Responses of the Stock Market to Macroeconomic Announcements Across Economic States
by Zuliu Hu & Li Li
- 1998/078 Reducing Inflation: Lessons From Albania's Early Success
by Ms. C. McNeilly & Ms. Doris Schiesser-Gachnang
- 1998/077 How Do the Skilled and the Unskilled Respond to Regional Shocks? the Case of Spain
by Mr. Paolo Mauro & Mr. Antonio Spilimbergo
- 1998/076 Does Corruption Affect Income Inequality and Poverty?
by Mr. Sanjeev Gupta
- 1998/075 The Macroeconomic Effects of Environmental Taxes: A Closer Look at the Feasibility of “Win-Win” Outcomes
by Ms. Jenny E Ligthart
- 1998/074 The Italian Social Protection System: The Poverty of Welfare
by Mr. Massimo V. Rostagno & Ms. Francesca Utili
- 1998/073 Carbon Taxes: Their Macroeconomic Effects and Prospects for Global Adoption: A Survey of the Literature
by Mr. Ved P. Gandhi & Mr. Javier Cuervo
- 1998/072 External Debt Histories of Ten Low-Income Developing Countries: Lessons from Their Experience
by Mr. Kevin Ross & Mr. R. Brooks & Mr. Robert Powell & Ms. Ydahlia A. Metzgen Quemarez & Ms. Doris C Ross & Mr. Mariano Cortes & Saqib Rizavi & Benoit Ketchekmen & Ms. Francesca Fornasari
- 1998/071 Current Accounts: What Is Their Relevance for Economic Policymaking?
by Mr. Fabio Scacciavillani & Mr. Malcolm D. Knight
- 1998/070 Government Expenditure Arrears: Securitization and Other Solutions
by Mr. Alberto M. Ramos
- 1998/069 Deviations of Exchange Rates from Purchasing Power Parity: A Story Featuring Two Monetary Unions
by Mr. Ronald MacDonald & Mr. Tamim Bayoumi
- 1998/068 Inflation, Disinflation, and Growth
by Mr. Atish R. Ghosh & Mr. Steven T Phillips
- 1998/067 Exchange Rates and Economic Fundamentals: A Methodological Comparison of BEERs and FEERs
by Mr. Ronald MacDonald & Mr. Peter B. Clark
- 1998/066 The Fiscal Effects of Monetary Policy
by Momi Dahan
- 1998/065 Central Bank Vulnerability and the Credibility of Commitments: A Value-at-Risk Approach to Currency Crises
by Miss Liliana B Schumacher & Mr. Mario I. Bléjer
- 1998/063 Corruption Around the World: Causes, Consequences, Scope, and Cures
by Mr. Vito Tanzi
- 1998/062 Multiple Equilibrium, Variability, and the Development Process
by Luis Carranza & Mr. José Enrique Galdón-Sánchez
- 1998/061 Rethinking Public Pension Reform Initiatives
by Mr. Peter S. Heller
- 1998/060 Growth, Trade, and Deindustrialization
by Mr. Ramana Ramaswamy & Mr. Bob Rowthorn
- 1998/059 Interest Rate Spreads in the Eastern Caribbean
by Mrs. Ruby Randall
- 1998/058 Competitiveness and the Evolution of the Real Exchange Rate in Chile
by Ms. Martine Guerguil & Mr. Martin D Kaufman
- 1998/057 Money Demand and Regional Monetary Policy in the West African Economic and Monetary Union
by Mr. Philipp C Rother
- 1998/056 Public Sector Efficiency and Fiscal Austerity
by International Monetary Fund
- 1998/055 Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries
by Mr. Francesco Caselli
- 1998/054 The Design of Instruments for Government Finance in an Islamic Economy
by International Monetary Fund
- 1998/053 How Far Is Eastern Europe from Brussels?
by Ms. Ratna Sahay & Mr. Carlos A. Végh Gramont & Mr. Stanley Fischer
- 1998/052 From Transition to Market: Evidence and Growth Prospects
by Ms. Ratna Sahay & Mr. Stanley Fischer & Mr. Carlos A. Végh Gramont
- 1998/051 The Canadian Agreement on Internal Trade: Developments and Prospects
by Mr. Michael P. Leidy
- 1998/050 EMU, Adjustment, and Exchange Rate Variability
by Mr. Luca A Ricci & Mr. Peter Isard
- 1998/049 Trade Liberalization and Tax Reform in the Southern Mediterranean Region
by Mr. George T. Abed
- 1998/048 “Globalization” and Relocation in a Vertically Differentiated Industry
by Ms. Isabel Grilo & Mr. Tito Cordella
- 1998/047 Immigration Flows and Regional Labor Market Dynamics
by Dominique M. Gross
- 1998/046 The Relative Importance of Political and Economic Variables in Creditworthiness Ratings
by International Monetary Fund
- 1998/045 Output Decline in Transition: The Case of Kazakhstan
by International Monetary Fund
- 1998/044 Economic Announcements and the Timing of Public Debt Auctions
by Mr. Marco Rossi
- 1998/043 Anticipation and Surprises in Central Bank Interest Rate Policy: The Case of the Bundesbank
by International Monetary Fund
- 1998/042 The Italian Labor Market: Stylized Facts, Institutions, and Directions for Reform
by Mr. Eswar S Prasad & Ms. Francesca Utili
- 1998/041 Virtual Deficits and the Patinkin Effect
by Ms. Eliane A. Cardoso
- 1998/040 Regional Trade Agreements Versus Broad Liberalization: Which Path Leads to Faster Growth? Time-Series Evidence
by Mr. Athanasios Vamvakidis
- 1998/039 Preliminary Considerations of an Inflation Targeting Framework for the Philippines
by Ms. G. C. Lim & Guy Debelle
- 1998/038 Achieving Stabilization in Armenia
by Mr. Balázs Horváth
- 1998/037 The Prudential Regulation and Management of Foreign Exchange Risk
by Mr. Richard K. Abrams & Ms. Paulina Beato
- 1998/036 Taxation and the Household Saving Rate: Evidence from OECD Countries
by Mr. Howell H Zee & Mr. Vito Tanzi
- 1998/035 Should Public Pensions be Funded?
by Mr. Richard Hemming
- 1998/034 Evaluation of Taxes and Revenues From the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries
by Mr. Dale F Gray
- 1998/033 The Security Factor in The Political Economy of Development
by Mr. Martin C. McGuire
- 1998/032 An Econometric Analysis of Countries' Repayment Performance to the International Monetary Fund
by Mrs. Lynn Aylward & Mr. Rupert Thorne
- 1998/031 Financial Infusion and Exiting from a Money Rule
by Mr. Mark R. Stone
- 1998/030 Islamic Banking: Issues in Prudential Regulations and Supervision
by Mr. Luca Errico & Ms. Mitra Farahbaksh
- 1998/029 Parametric Distributional Flexibility and Conditional Variance Models with an Application to Hourly Exchange Rates
by Ms. Jenny N. Lye
- 1998/028 Dollarization of Financial Intermediation: Causes and Policy Implications
by Mr. Eduardo Levy Yeyati & Mr. Alain Ize
- 1998/027 Post Stabilization Inflation Dynamics in Slovenia
by Mr. Kevin Ross
- 1998/026 Fiscal Sustainability with Non-Renewable Resources
by Mr. Nigel A Chalk
- 1998/025 Coordination of Monetary and Fiscal Policies
by International Monetary Fund
- 1998/024 The Statistical Measurement of Financial Derivatives
by Mr. Robert M Heath
- 1998/023 The Nonmonetary Determinants of Inflation: A Panel Data Study
by Mr. Carlo Cottarelli
- 1998/022 Opening Up and Geographic Diversification of Trade in Transition Economies
by Mr. Oleh Havrylyshyn & Mr. Hassan Al-Atrash
- 1998/021 Monetary Policy with a Convex Phillips Curve and Asymmetric Loss
by Demosthenes N. Tambakis
- 1998/020 Poverty, Income Distribution, and Economic Policy in the Philippines
by Mr. Philip R. Gerson
- 1998/019 Financial Sector Reform and Monetary Policy in the Netherlands
by Mr. Paul Louis Ceriel Hilbers
- 1998/018 Public Debt Indexation and Denomination: The Case of Brazil
by Mr. Ilan Goldfajn
- 1998/017 Why Do Different Countries Use Different Currencies?
by Narayana Rao Kocherlakota & Mr. Thomas Krueger
- 1998/016 Brady Bonds and Default Probabilities
by Ivailo Izvorski
- 1998/015 The Macroeconomic Consequences of Wage Indexation Revisited
by Mr. Esteban Jadresic
- 1998/014 Generational Accounting for France
by Mr. Ousmane Dore & Mr. Joaquim Vieira Ferreira Levy
- 1998/013 Does the Introduction of Futures on Emerging Market Currencies Destabilize the Underlying Currencies?
by Christian Jochum & Ms. Laura E. Kodres
- 1998/012 French Public Finances: Modeling Long-Term Prospects and Reform Options
by Mr. Karl F Habermeier & Fabrice Lenseigne
- 1998/011 Pension Reform in the Baltics, Russia, and other Countries of the Former Soviet Union (BRO)
by International Monetary Fund
- 1998/010 Open Regionalism in a World of Continental Trade Blocs
by Mr. Jeffrey A. Frankel & Shang-Jin Wei
- 1998/009 Uncertainty, Flexible Exchange Rates, and Agglomeration
by Mr. Luca A Ricci
- 1998/008 Currency Boards: The Ultimate Fix?
by Mr. Atish R. Ghosh
- 1998/007 Income Inequality: Does Inflation Matter?
by Mr. Aleš Bulíř
- 1998/006 How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy
by Mr. Christoph B. Rosenberg & Mr. Tapio Saavalainen
- 1998/005 Estimating Egypt’s Equilibrium Real Exchange Rate
by Mr. Joannes Mongardini
- 1998/004 Economic Security, Private Investment, and Growth in Developing Countries
by Ms. Hélène Poirson
- 1998/003 Exchange Rate Uncertainty in Money-Based Stabilization Programs
by Rogelio Morales
- 1998/002 Developing Countries and the Feldstein-Horioka Puzzle
by Romain Wacziarg & Mr. Athanasios Vamvakidis
- 1998/001 The Impact of Fiscal Policy Variables on Output Growth
by Mr. Philip R. Gerson
1997
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