Imf Staff Papers Volume 43 No 1

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 268 pages
File Size : 47,7 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 9781451957099

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IMF Staff papers, Volume 43 No. 1 by International Monetary Fund. Research Dept. Pdf

This paper extends a standard growth model and obtains consistent panel data estimates of the growth retarding effects of military spending via its adverse impact on capital formation and resource allocation. Simulation experiments suggest that a substantial long-term “peace dividend”—in the form of higher capacity output—may result from markedly lower military expenditure levels achieved in most regions during the late 1980s, and the further military spending cuts that would be possible if global peace could be secured.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 212 pages
File Size : 40,5 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 9781451930931

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

This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been “effective “ in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments’ debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 188 pages
File Size : 55,8 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 9781451973440

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IMF Staff papers, Volume 43 No. 3 by International Monetary Fund. Research Dept. Pdf

This paper examines the volatility and predictability of emerging stock markets. A range of measures suggests that, despite perceptions to the contrary, the volatility of emerging markets may have fallen rather than risen on average. Also, although the autocorrelations in emerging market returns appear to turn negative at horizons of a year or more, the magnitude of these return reversals is not that much larger than reversals in some mature markets. One interpretation of the results would be that emerging markets have not consistently been subject to fads or bubbles, or at least no more so than in some industrial countries.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 211 pages
File Size : 44,5 Mb
Release : 1987
Category : Business & Economics
ISBN : 9781451956221

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

An earlier version of this paper was presented to a conference on the topic “Is the Business Cycle Obsolete?” organized by the Social Science Research Council and held in London, England, on April 3–7, 1967.

Author : International Monetary Fund. Research Dept.
Publisher : INTERNATIONAL MONETARY FUND
Page : 194 pages
File Size : 43,8 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 : 208 pages
File Size : 55,6 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 9781455274420

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

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on the flexibility of the labor market and the evidence regarding the wage and employment effects of trade reform are discussed next. The last part of the paper identifies a variety of issues that may require further investigation.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 248 pages
File Size : 52,7 Mb
Release : 2009-06-01
Category : Business & Economics
ISBN : 9781589067943

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IMF Staff Papers, Volume 56, No. 1 by International Monetary Fund. Research Dept. Pdf

This special issue brings together world-renowned experts to provide a systematic and critical analysis of the costs and benefits of financial globalization. Contributors include Kenneth Rogoff, Maurice Obstfeld, Dani Rodrik, and Frederic S. Mishkin.

Author : Mr.Ashoka Mody,Mr.Robert P. Flood
Publisher : International Monetary Fund
Page : 168 pages
File Size : 51,9 Mb
Release : 2004-06-10
Category : Business & Economics
ISBN : 1589063201

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IMF Staff Papers, Volume 51, Special Issue, IMF Fourth Annual Research Conference by Mr.Ashoka Mody,Mr.Robert P. Flood Pdf

This is the 2004 (Volume 51) Special Issue of IMF Staff Papers, which includes 6 selected papers (from more than 20) that were presented at the IMF's Fourth Annual Research Conference, November 6-7, 2003.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 116 pages
File Size : 53,5 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 : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
Page : 328 pages
File Size : 47,5 Mb
Release : 2001
Category : Electronic
ISBN : 8171882323

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Economic Developments In India : Monthly Update, Volume -43 Analysis, Reports, Policy Documents by Editors : Raj Kapila & Uma Kapila Pdf

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 244 pages
File Size : 43,8 Mb
Release : 2010-06-29
Category : Business & Economics
ISBN : 9781589069121

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IMF Staff Papers, Volume 57, No. 2 by International Monetary Fund. Research Dept. Pdf

This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information sources utilized, and the coding rules used to create an index of financial reform. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and discusses some possible applications. The database provides a multifaceted measure of reform, covering seven aspects of financial sector policy. Along each dimension the database provides a graded (rather than a binary) score, and allows for reversals.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 288 pages
File Size : 44,8 Mb
Release : 2010-03-26
Category : Business & Economics
ISBN : 9781589069114

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IMF Staff Papers, Volume 57, No. 1 by International Monetary Fund. Research Dept. Pdf

Do highly indebted countries suffer from a debt overhang? Can debt relief foster their growth rates? To answer these important questions, this article looks at how the debt-growth relation varies with indebtedness levels, as well as with the quality of policies and institutions, in a panel of developing countries. The main findings are that, in countries with good policies and institutions, there is evidence of debt overhang when the net present value of debt rises above 20–25 percent of GDP; however, debt becomes irrelevant above 70–80 percent. In countries with bad policies and institutions, thresholds appear to be lower, but the evidence of debt overhang is weaker and we cannot rule out that debt is always irrelevant. Indeed, in such countries, as well as in countries with high indebtedness levels, investment does not depend on debt levels. The analysis suggests that not all countries are likely to profit from debt relief, and thus that a one-size-fits-all debt relief approach might not be the most appropriate one.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 216 pages
File Size : 45,6 Mb
Release : 2004-11-23
Category : Business & Economics
ISBN : 1589063511

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IMF Staff Papers, Volume 51, No. 3 by International Monetary Fund. Research Dept. Pdf

This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP—all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 296 pages
File Size : 45,9 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 : Mr.Robert P. Flood
Publisher : International Monetary Fund
Page : 168 pages
File Size : 47,6 Mb
Release : 2003-04-17
Category : Business & Economics
ISBN : 1589061241

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IMF Staff Papers, Volume 50, No. 1 by Mr.Robert P. Flood Pdf

Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, rather than Fieming-Mundell model?