IMF Staff Papers articles from November 2007

IMF Staff Papers archives from November 2007

Banks during the Argentine crisis: were they all hurt equally? Did they all behave equally?(Statistical table)
November 1, 2007... The literature to date on the Argentine crisis of 2001 has stressed the macroeconomic disequilibria that arose in the 1990s, continued unchecked for several years, and ultimately led to the abandonment of the currency board and declaration of...

Escaping from the resource curse: evidence from Botswana and the Rest of the World.
November 1, 2007... It is commonly accepted that natural-resource-abundant economies tend to grow less rapidly than resource-scarce economies--the phenomenon often referred to as the "resource curse." This paper recasts light on the question of whether abundant...

Price variability under price level stability--a study of Sierra Leone's price dynamics using micro-level price data.
November 1, 2007... This study offers a unique opportunity to analyze disaggregated pricing behavior at the retail level in a developing country. (1) In this study, we utilize micro-level commodity price data for Sierra Leone, which, unlike the aggregated consumer...

Volatility of development aid: an update.
November 1, 2007... I. Volatility and Predictability of Aid: What Exactly Is the Issue? This paper updates our previous work on aggregate aid volatility and predictability (Bulif and Hamann, 2003). Specifically, we ask whether aid during 2000-03--that is,...

Exchange rate volatility and reserves transparency.
November 1, 2007... The financial crises of the 1990s revealed a need for the dissemination of more comprehensive data on foreign currency liquidity positions to help prevent similar crises. In 1998, the IMF began working on initiatives in this area in...