IMF Staff Papers articles from April 2008

IMF Staff Papers archives from April 2008

Modeling aggregate use of IMF resources--analytical approaches and medium-term projections.(International Monetary Fund)
April 1, 2008... The recent decline in outstanding IMF resources raises the question of whether this is a temporary phenomenon--perhaps reflecting an exceptionally benign global environment--or a more permament shift in the use of IMF resources owing to...

Informality and regulations: what drives the growth of firms?(Industry overview)
April 1, 2008... Understanding firm growth is at the heart of the development process, making it a much researched area in finance and economics. More recently, the nexus between firm growth, aggregate investment, and economic growth has been examined in the...

Exchange rate transmission into industry-level export prices: a tale of two policy regimes in India.
April 1, 2008... Export expansion is crucial for the growth of any developing economy, as illustrated during the 1990s by the East Asian tigers. This is because, in the absence of a mature internal market for consumer goods, industrialization can achieve only a...

Measuring and analyzing sovereign risk with contingent claims.
April 1, 2008... As economies have become more reliant on private capital flows, they have also become more vulnerable to the volatility of capital flows and associated market, liquidity, and credit risk. A comprehensive framework of risk identification and...

Probabilistic sustainability of public debt: a vector autoregression approach for Brazil, Mexico, and Turkey.
April 1, 2008... A sustainable fiscal policy is often defined as one that can be continued into the future without modification--no adjustment of the primary surplus and no default (by inflation or otherwise). At a minimum, the intertemporal solvency criteria...

Does transparency pay?
April 1, 2008... A growing literature examines the role of institutions in determining countries' economic performance. It has been argued that better institutions lead to more developed financial markets (La Porta and others, 1997 and 1998), greater resilience...