International Monetary Fund Staff Papers articles from September 2001

International Monetary Fund Staff Papers archives from September 2001

Northwest of Suez: The 1956 crisis and the IMF.
September 22, 2001... JAMES M. BOUGHTON (*) Egypt's nationalization of the Suez Canal in 1956 and the failed attempt by France, Israel, and the United Kingdom to retake it by force constituted a serious political crisis with significant economic consequences....

Redistribution through public employment: The case of Italy.(Brief Article)(Statistical Data Included)
September 22, 2001... MASSIMO ROSTAGNO (*) This paper examines the regional distribution of public employment in Italy. It documents two facts. The first is that public employment is used as a subsidy from the North to the less wealthy South. About ha If of...

How does U.S. monetary policy influence sovereign spreads in emerging markets?(Statistical Data Included)
September 22, 2001... MARTIN CERISOLA (*) This paper quantifies the impact of changes in U.S. monetary policy on sovereign bond spreads in emerging market countries. Specifically, the paper explores empirically how country risk, as proxied by sovereign bond...

Modeling the IMF's statistical discrepancy in the global current account.(Statistical Data Included)
September 22, 2001... LISA WORKMAN (*) This paper offers a framework for judging when the discrepancy embodied in current account forecasts is large. The first step in implementing this framework involves developing an econometric model explaining the...

Reform and growth in Latin America: All pain, no gain?(Statistical Data Included)
September 22, 2001... PETER MONTIEL (*) This paper addresses the adequacy of post-reform growth in Latin America in the 1990s on the basis of international comparisons as well as historical and other relevant standards. The paper analytically explores and...

Risk, resources, and education: Public versus private financing of higher education.(Statistical Data Included)
September 22, 2001... ROBERT K. VON WEIZSACKER (*) The paper develops a public education scheme that takes aspects of uncertainly in private educational investments explicitly into account. The social merits of public education schemes are related to the lack...

Social fractionalization, political instability, and the size of government.(Statistical Data Included)
September 22, 2001... ANTHONY ANNETT (*) This paper explores the relationship between the degree of division or fractionalization of a country's population (along ethnolinguistic and religious dimensions) and both political instability and government...

Deposit-refund on labor: A solution to equilibrium unemployment?(Statistical Data Included)
September 22, 2001... JENNY E. LIGTHART (*) The paper studies the employment effects of a deposit-refund scheme on labor in a simple search-theoretic model of the labor market. It is shown that if a firm pays a deposit when it fires a worker, to be refunded...