Imf Staff Papers

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 223 pages
File Size : 42,5 Mb
Release : 1966-01-01
Category : Business & Economics
ISBN : 9781451947236

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

From the Foreword to the first issue: “Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to fact as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged. “Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.”

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 159 pages
File Size : 54,7 Mb
Release : 1958-01-01
Category : Business & Economics
ISBN : 9781451949636

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper examines the effect transactions with the IMF have on the monetary situation within a country when the foreign exchange purchased from the IMF is used to meet a balance of payments deficit. In some countries, the national currency counterpart is kept on deposit to the credit of the IMF at the central bank. In other countries, the government substitutes a noninterest-bearing note for the national currency counterpart of a transaction with the IMF. It is with the effects of the latter practice that this paper is primarily concerned. The effect of a balance of payments deficit on the money supply will be offset if credit is expanded to finance a government deficit, investment by business, or spending by consumers. The ultimate effect on the money supply will depend upon how the government deals with the national currency turned over to it by the Exchange Equalization Account. Considerable caution is required in concluding that a balance of payments deficit is likely to be moderate and temporary.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 116 pages
File Size : 42,8 Mb
Release : 1999-03-15
Category : Business & Economics
ISBN : 9781451974553

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IMF Staff Papers, Volume 46, No. 1 by International Monetary Fund. Research Dept. Pdf

This economic journal contains theoretical and empirical analyses of varous macroeconomic issues. The studies are prepapred by IMF research staff or consultants. Subjects covered inclulde balance of payments and exchange rates, monetary systems and policies, public finances, international trade, economic growth, and some sectoral analyses. The last issue of the year contains an index to the volume. Approximately 200 pages in each issue.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 48 pages
File Size : 43,7 Mb
Release : 1985-01-01
Category : Business & Economics
ISBN : 9781451930672

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper describes that publications of the IMF are one way in which this responsibility is discharged. Through the publication of Staff Papers, the IMF is making available some of the work of members of its staff. The IMF believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the IMF. The selected references presented in this bibliography cover books, pamphlets, reports, and periodical articles that describe the functions, organization, and activities of the IMF. Publications on the various aspects of international economics are included only when they contain material relating specifically to the IMF.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 143 pages
File Size : 55,9 Mb
Release : 1952-01-01
Category : Business & Economics
ISBN : 9781451968262

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper focuses on the relation of inflation to economic development. Due to the inadequacy of savings and the difficulty of directing them into productive investment, there is a strong temptation to raise the level of investment by expanding bank credit—that is, by inflation. In most low-income countries, even the most forceful measures for increasing savings and for applying them to the most urgent needs would still leave the economy with inadequate resources for the investment necessary to assure tolerable progress in raising productive efficiency and expanding production. The only way of securing adequate resources for development in such countries is by supplementing domestic savings with capital from abroad. It is characteristic of the underdeveloped countries that the resources they put into investment are generally a smaller proportion of their very much smaller national product than is true for the more highly developed countries. The proportionally low level of investment in underdeveloped countries may be due to various factors. Frequently, though not universally, the cause of inadequate investment is the unavailability of savings.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 193 pages
File Size : 51,7 Mb
Release : 2024-06-29
Category : Business & Economics
ISBN : 9781451956245

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

From the Foreword to the first issue: “Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to ‘act as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged. “Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.” The authors of the papers in this issue have received considerable assistance from their colleagues on the staff of the Fund. This general statement of indebtedness may be accepted in place of a detailed list of acknowledgments. Subscription: US$6.00 a volume or the approximate equivalent in the currencies of most countries. Three numbers constitute a volume. Single copies may be purchased at $2.50. Special rate to university libraries, faculty members, and students: $3.00 a volume; $1.00 a single copy. Subscriptions and orders should be sent to: THE SECRETARY International Monetary Fund 19th and H Streets, N.W. Washington, D. C. 20431

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 260 pages
File Size : 44,7 Mb
Release : 1992-01-01
Category : Business & Economics
ISBN : 9781451930825

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

Common issues emerging from the recent experience with IMF-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria, and Romania are analyzed. These comprise the initial price overshooting and output collapse and the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success has been achieved in the initial microstabilization and opening-up effort. But difficulties with fiscal and monetary control may be emerging as a result of social and political pressures and unclear policy signals on the micro issues involving the structural transformation of the productive and financial systems.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 296 pages
File Size : 52,9 Mb
Release : 2009-11-04
Category : Business & Economics
ISBN : 9781589069107

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IMF Staff Papers, Volume 56, No. 4 by International Monetary Fund. Research Dept. Pdf

This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic costs are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 183 pages
File Size : 55,6 Mb
Release : 2006-12-15
Category : Business & Economics
ISBN : 9781589065819

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IMF Staff Papers, Volume 53, No. 3 by International Monetary Fund. Research Dept. Pdf

This is the final issue for 2006 (Volume 53), and contains another paper in the occasional Special Data Section that seeks to measure financial development in the Middle East and North Africa by utilizing a new database. The issue also contains a comment from Jacques J. Polak on parity reversion in real exchange rates.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 196 pages
File Size : 40,9 Mb
Release : 1986-01-01
Category : Business & Economics
ISBN : 9781451946956

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

WILLIAM. white, who joined the International Monetary Fund in 1948, spent his entire professional life in the Research Department. Present and past staff members, many of whom benefited from his advice, have asked that his contribution-to the work of the Fund should receive recognition in Staff Papers. This appreciation draws on excerpts from written recollections of some of his colleagues.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 246 pages
File Size : 53,9 Mb
Release : 1970-01-01
Category : Business & Economics
ISBN : 9781451947304

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

This paper analyzes the determination of monetary policy is an exercise that must include the organization of information so that proper conclusions may be reached regarding the application of policy instruments. The information on which policies have to be based is frequently a complex set of interrelated data. It is extremely difficult to obtain a reasonable view of the future unless it is possible to assign some quantitative magnitudes to the significant monetary aggregates. In all countries, but particularly in the less developed, the immediate monetary situation may be judged largely in terms of the level of international reserves and the comparative rates of growth in bank credit and money. Central bankers are faced with the terrifying complexity of information and relations between variables that typifies the financial structure of any economy. In order to classify the statements and to clarify the financial relations in an economy, the bankers need an organized arrangement of the available information.

Author : International Monetary Fund. Research Dept.
Publisher : INTERNATIONAL MONETARY FUND
Page : 194 pages
File Size : 42,9 Mb
Release : 1987-01-01
Category : Business & Economics
ISBN : 1463915470

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IMF Staff papers by International Monetary Fund. Research Dept. Pdf

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 166 pages
File Size : 52,6 Mb
Release : 2006-06-29
Category : Business & Economics
ISBN : 1589065174

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IMF Staff Papers, Volume 53, No. 2 by International Monetary Fund. Research Dept. Pdf

Noteworthy among the six papers appearing in this latest issue of the IMF's peer-reviewed journal is another installment in the Special Data Section. Anthony Pellechio and John Cady from the IMF's Statistics Department take a close look at differences in IMF data; how and when they could occur; and what the implications of such differences might be for end-users of the IMF's data.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 196 pages
File Size : 52,5 Mb
Release : 2005-08-30
Category : Business & Economics
ISBN : 158906447X

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IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa by International Monetary Fund. Research Dept. Pdf

This paper focuses on expectations for the American economy focused on the likelihood of secular stagnation, which continued to be debated throughout the post-war period. Concerns rose during the late 1960s and early 1970s about rapid population growth smothering the potential for economic growth in developing countries were contradicted when, during the mid- and late-1970s, fertility rates began to decline rapidly. In policy-oriented institutions (and in most businesses and individual decision making), policymaking decisions are often guided by projections and forward-looking indicators. The case of Michael Mussa has been one of great anticipation, and of great accomplishment, and all the early optimistic forecasts about him have turned out to be correct. Within the sphere of economics, undoubtedly the most famous and widely used forecast—one, incidentally, that thus far has often been incorrect—is that based on the Malthusian doctrine of the relationship between resources and population.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 212 pages
File Size : 46,9 Mb
Release : 2007-05-30
Category : Business & Economics
ISBN : 9781589066519

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IMF Staff Papers, Volume 54, No. 3 by International Monetary Fund. Research Dept. Pdf

This issue features a timely paper by Vladimir Klyuev and Paul Mills on the role of personal wealth and home equity withdrawal in the decline in the U.S. saving rate. Lusine Lusinyan and Leo Bonato explain how work absence in 18 European countries affects labor supply and demand. And a paper by Paolo Manasse (University of Bologna) entitled "Deficit Limits and Fiscal Rules for Dummies" examines fiscal frameworks.