IMF Staff Papers articles from July 2006

IMF Staff Papers archives from July 2006

Editor's note.
July 1, 2006... The Editor invites from contributors outside the IMF brief comments (not more than 1,000 words) on published articles in IMF Staff Papers. These comments should be addressed to the Editor, who will forward them to the author of the original...

Volatility and the debt-intolerance paradox.
July 1, 2006... It is a well-documented empirical regularity that developing countries typically face an upward sloping supply schedule for international debt, and may be altogether excluded from international capital markets at times (Diaz-Alejandro, 1984;...

An estimated small open economy model of the financial accelerator.
July 1, 2006... Episodes of severe financial crises in recent years have renewed interest in the debate on the most appropriate exchange rate regime for emerging market countries (EMCs). For a small open economy, the common policy prescription--dating back to...

Relating the knowledge production function to total factor productivity: an endogenous growth puzzle.
July 1, 2006... The most recent advancement of endogenous growth theory has been the emergence of research and development-based (R & D-based) models of growth in the seminal papers of Romer (1990), Grossman and Helpman (1991a and 1991b), and Aghion and Howitt...

New rates from new weights.
July 1, 2006... This paper updates the weights for effective exchange rate calculations, using trade data from 1999 to 2001. The weights currently used in effective exchange rate indices published in the IMF's International Financial Statistics are based on...

Does compliance with Basel Core Principles bring any measurable benefits?
July 1, 2006... Following the series of crises in the 1990s, intensified attention to financial sector vulnerabilities has led to the adoption of a number of financial sector standards at the international level. (1) The Basel Core Principles for Effective...

Differences in IMF data: incidence and implications.(International Monetary Fund)
July 1, 2006... The publication of country reports beginning in the mid-1990s has significantly expanded the statistical information published by the IMF. Previously, the IMF disseminated economic and financial statistics primarily through its traditional...