Imf Staff Papers Volume 47 Special Issue Imf Annual Research Conference

Author : Mr.Robert P. Flood,Mr.Eduardo Borensztein
Publisher : International Monetary Fund
Page : 236 pages
File Size : 52,7 Mb
Release : 2001-11-28
Category : Business & Economics
ISBN : 9781451963090

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IMF Staff Papers, Volume 47, Special Issue, IMF Annual Research Conference, by Mr.Robert P. Flood,Mr.Eduardo Borensztein Pdf

This paper presents a broad overview of postwar analytical thinking on international macroeconomics, culminating in a more detailed discussion of recent progress. The paper reviews important empirical evidence that has inspired alternative modeling approaches, as well as theoretical and policy considerations behind developments in the field. The paper presents an empirical study of fiscal policy in countries with extreme monetary regimes. It also examines members of multilateral currency unions, dollarized countries that officially use the money of another country, and countries using currency boards.

Author : Ashoka Mody
Publisher : Unknown
Page : 168 pages
File Size : 48,8 Mb
Release : 2004
Category : Electronic
ISBN : OCLC:883143904

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IMF Staff Papers by Ashoka Mody 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 : Mr.Ashoka Mody,Mr.Robert P. Flood
Publisher : International Monetary Fund
Page : 168 pages
File Size : 40,8 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 : 250 pages
File Size : 54,5 Mb
Release : 2002-11-04
Category : Business & Economics
ISBN : 1589061233

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

This paper reports for uncovered interest parity (UIP) using daily data for 23 developing and developed countries during the crisis-strewn 1990s. UIP is a classic topic of international finance, a critical building block of most theoretical models, and a dismal empirical failure. UIP states that the interest differential is, on average, equal to the ex post exchange rate change. UIP may work differently for countries in crisis, whose exchange and interest rates both display considerably more volatility. This volatility raises the stakes for financial markets and central banks; it also may provide a more statistically powerful test for the UIP hypothesis. Policy-exploitable deviations from UIP are, therefore, a necessary condition for an interest rate defense. There is a considerable amount of heterogeneity in the results, which differ wildly by country.

Author : Mr. Robert P. Flood
Publisher : International Monetary Fund
Page : 195 pages
File Size : 42,5 Mb
Release : 2003-08-25
Category : Business & Economics
ISBN : 9781455284511

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IMF Staff Papers by Mr. Robert P. Flood Pdf

The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt restructuring. It also describes the broad trends in international financial integration for a sample of industrial countries and explains the cross-country and time-series variation in the size of international balance sheets.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
Page : 196 pages
File Size : 53,5 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 : Mr.Robert P. Flood
Publisher : International Monetary Fund
Page : 202 pages
File Size : 49,6 Mb
Release : 2003-08-25
Category : Business & Economics
ISBN : 1589062043

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IMF Staff Papers, Volume 50, Special Issue, IMF Third Annual Research Conference by Mr.Robert P. Flood Pdf

The paper discusses a model in which growth is a negative function of fiscal burden. Moreover, growth discontinuously switches from high to low as the fiscal burden reaches a critical level. The paper provides an overview of key elements of corporate bankruptcy codes and practice around the world that are relevant to the debate on sovereign debt restructuring. It also describes the broad trends in international financial integration for a sample of industrial countries and explains the cross-country and time-series variation in the size of international balance sheets.

Author : Mr.Mohsin S. Khan
Publisher : International Monetary Fund
Page : 19 pages
File Size : 48,7 Mb
Release : 2003-03-01
Category : Business & Economics
ISBN : 9781451847727

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Current Issues in the Design and Conduct of Monetary Policy by Mr.Mohsin S. Khan Pdf

Movements in global capital during the late 1990s and the greater emphasis on price stability led many countries to abandon fixed exchange rate regimes and to design institutions and monetary policies to achieve credibility in the goal of lowering inflation. Such recent developments have brought to the forefront the idea that freely mobile capital, independent monetary policy, and fixed exchange rates form an "impossible trinity." It is possible to have two of these policies, but not all three. Inflation-targeting regimes being adopted by many countries provide a way of resolving this dilemma.

Author : Anonim
Publisher : Unknown
Page : 356 pages
File Size : 45,7 Mb
Release : 2008
Category : Commerce
ISBN : UOM:39015079812601

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IMF Staff Papers by Anonim Pdf

Author : Mr.Ashoka Mody,Mr.Alessandro Rebucci
Publisher : International Monetary Fund
Page : 184 pages
File Size : 47,7 Mb
Release : 2006-04-03
Category : Business & Economics
ISBN : 1589063619

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IMF-Supported Programs by Mr.Ashoka Mody,Mr.Alessandro Rebucci Pdf

Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.

Author : Mr.Eduardo Borensztein,Mr.Olivier Jeanne,Mr.Paolo Mauro,Mr.Jeronimo Zettelmeyer,Mr.Marcos Chamon
Publisher : International Monetary Fund
Page : 72 pages
File Size : 46,9 Mb
Release : 2005-01-26
Category : Business & Economics
ISBN : 9781589063778

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Sovereign Debt Structure for Crisis Prevention by Mr.Eduardo Borensztein,Mr.Olivier Jeanne,Mr.Paolo Mauro,Mr.Jeronimo Zettelmeyer,Mr.Marcos Chamon Pdf

The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, international risk-sharing, and facilitating the adjustment of fiscal variables to changes in domestic economic conditions. To that end, the paper considers recently developed analytical approaches to improving sovereign debt structure using existing instruments, and reviews a number of proposals--including the introduction of explicit seniority and GDP-linked instruments--in the sovereign context.

Author : Anonim
Publisher : Unknown
Page : 444 pages
File Size : 54,7 Mb
Release : 2000
Category : International finance
ISBN : WISC:89099575813

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IMF Research Bulletin by Anonim Pdf

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 56 pages
File Size : 51,9 Mb
Release : 2013-03-04
Category : Business & Economics
ISBN : 9781475571271

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Research at the IMF by International Monetary Fund. Independent Evaluation Office Pdf

This evaluation report assesses research produced at the IMF between 1999 and 2008, focusing on the relevance and utilization of research to member country authorities, IMF staff, and other stakeholders. The report also examines the technical quality and management of research and offers recommendations for enhancing the relevance of research, improving the technical quality of analytical work, promoting openness to alternative perspectives, and improving the management of research.

Author : Robert Alexander Mundell
Publisher : Unknown
Page : 32 pages
File Size : 45,7 Mb
Release : 1961
Category : Balance of payments
ISBN : STANFORD:36105120855213

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The International Disequilibrium System by Robert Alexander Mundell Pdf

Author : Kenneth Rogoff
Publisher : International Monetary Fund
Page : 46 pages
File Size : 44,9 Mb
Release : 2002-02
Category : Business & Economics
ISBN : UCSD:31822031183742

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Dornbusch's Overshooting Model After Twenty-Five Years by Kenneth Rogoff Pdf

This Mundell Fleming lecture at the International Monetary Fund’s 2001 annual research conference marks the 25th anniversary of Rudiger Dornbusch’s masterpiece, “Expectations and Exchange Rate Dynamics,” a seminal contribution to both policy and research in the field of international finance. This essay provides a simple overview of the model as well as some empirics, not only on exchange rates but on measures of the paper’s influence. Last, but not least, I offer some personal reflections on how Dornbusch conveyed the ideas in his “overshooting model” to inspire a generation of students.