IMF Staff Papers articles from July 2007

IMF Staff Papers archives from July 2007

Current account deficits in rich countries.(Report)
July 1, 2007... The past 20 years have been characterized by steadily larger current account imbalances in rich countries. This is shown in Figure 1, which shows the evolution of the cross-country standard deviation of ratios of current account balances to...

International financial integration and the real economy.(Author abstract)(Report)
July 1, 2007... By many measures, the world's financial markets have become increasingly integrated over the past 20 years; international capital flows have risen dramatically, there is greater foreign ownership of financial assets, and there are fewer...

Can we predict the next capital account crisis?(Author abstract)(Report)
July 1, 2007... Predicting capital account crises is extremely difficult. Academics and policymakers have identified several factors that contribute to their inception, but the imbalances at the origin of each wave of crises, as well as their propagation...

Are debt crises adequately defined?(Author abstract)(Report)
July 1, 2007... Alarge body of economic literature has focused on the determinants and prediction of debt crises in the aftermath of the severe global turbulence in debt markets in the 1980s. Most studies focus on sovereign defaults and pay little attention to...

Will the Doha Round lead to preference erosion?(Author abstract)(Statistical data)
July 1, 2007... A key issue in the Doha Round, especially for developing countries, is whether multilateral tariff reductions will adversely affect their market access to developed countries. (1) In large part, this concern stems from the fact that developing...

Money-based vs. exchange-rate-based stabilization: is there room for political opportunism?(Author abstract)(Report)
July 1, 2007... It is clear that politics influences economic policy. Determining the extent to which this happens is quite a challenge, particularly for researchers studying developing countries. It is a challenge worth meeting, however, because failing to...