International Monetary Fund Staff Papers articles from December 1998

International Monetary Fund Staff Papers archives from December 1998

Corruption around the world: causes, consequences, scope and cures.
December 1, 1998... I. The Growth of Corruption In recent years, and especially in the 1990s, a phenomenon broadly referred to as corruption has attracted a great deal of attention. In countries developed and developing, large or small, market-oriented or...

Countries' repayment performance vis-a-vis the IMF: an impirical analysis.
December 1, 1998... The failure of some member countries to repay obligations on time became a matter for serious concern for the IMF toward the end of the fourth decade of the IMF's history - around the mid-1980s, a few years after the debt crisis began. At...

Virtual deficits and the Patinkin effect.
December 1, 1998... . . . in a situation where - because of coalition considerations - the finance minister does not have the power to force individual ministries to make adequate reductions in their respective budgetary demands and is thus confronted with an...

Anticipation and surprises in central bank interest rate policy: the case of the Bundesbank.
December 1, 1998... Government officials, financial market participants, and agents in the economy at large attach importance to official central bank interest rates. What are termed official rates typically comprise the rates applied at one or more central bank...

Warning: inflation may be harmful to your growth.
December 1, 1998... Rapid output growth and low inflation are the most common objectives of macroeconomic policy. It is rather surprising, therefore, that a consensus about the relationship between these two variables is yet to emerge. While early studies by...