International Monetary Fund Staff Papers articles from December 2001

International Monetary Fund Staff Papers archives from December 2001

International Macroeconomics: Beyond the Mundell-Fleming Model. (Mundell-Fleming Lecture).(Maurice Obstfeld address)(Transcript)
December 26, 2001... ********** Maurice Obstfeld (*) Modern international macroeconomics progresses in two main ways. First, techniques or paradigms developed in mainstream micro or macro theory have been applied in an international setting. Second,...

Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes.(Statistical Data Included)
December 26, 2001... ********** Andrew K. Rose (*) This paper studies fiscal policy in countries that have chosen an extreme monetary stance. We think of a country as having an extreme monetary policy if it is in either a currency board or a common...

Exchange Rate Regimes and Economic Performance.(Statistical Data Included)
December 26, 2001... ********** Federico Sturzenegger (*) The proper assessment of the costs and benefits of alternative exchange rate regimes has been a hotly debated issue and remains perhaps one of the most important questions in international...

The Interest Rate-Exchange Rate Nexus in Currency Crises.(Statistical Data Included)
December 26, 2001... ********** Atish Ghosh (*) One of the more controversial elements of the stabilization programs in the East Asian crisis countries (Indonesia, Korea, and Thailand) was the stance of monetary policy. With the sharp exchange rate...

Consumption and Income Inequality During the Transition to a Market Economy: Poland, 1985-1992.(Statistical Data Included)
December 26, 2001... ********** Eswar Prasad (*) Poland experienced a sudden economic transformation in late 1989 and early 1990 that has become known as the "big bang." The noncommunist government that took power in 1989 ended food price controls in...

Bail-Ins, Bailouts, and Borrowing Costs.(Statistical Data Included)
December 26, 2001... ********** Ashoka Mody (*) A variety of ideas for governing the flow of portfolio capital have been put on the table in the course of discussions of how to strengthen the international financial architecture. The goal in each case is...

Crisis Resolution and Private Sector Adaptation.(Statistical Data Included)
December 26, 2001... ********** Jens Nystedt (*) Private sector involvement (PSI) has been an integral part of all crisis resolution efforts, and it is not new. At the time of the resolution of the Latin American debt crisis of the 1980s, for example,...

On the History of the Mundell-Fleming Model: Keynote Speech.(Robert A. Mundell address)(Transcript)
December 26, 2001... It is a great pleasure for me to speak at this opening of the first IMF Annual Conference on International Macroeconomics and a special honor to be here at the inauguration of the annual Mundell-Fleming Lecture. Quite apart from the...