IMF Staff Papers

Pages8

Page 8

Volume 56 Number 4

The Costs of Sovereign Default

Eduardo Borensztein and Ugo Panizza

On the Probabilistic Approach to Fiscal Sustainability: Structural Breaks and Non-Normality

Nathaniel Frank and Eduardo Ley

External Linkages and Contagion Risk in Irish Banks

Elena Duggar and Srobona Mitra

Foreign Aid with Voracious Politics

Alex Mourmouras, and Peter Rangazas

What Explains the Rapid Growth in Transition Economies?

Garbis Iradian

The Optimal Level of Reserves for Low-Income Countries: Self-Insurance against External Shocks

Regis Barnichon

Are Africa's Currency Unions Good for Trade?

Charalambos Tsangarides,

Pierre Ewenczyk, Michal Hulej, and Mahvash Saeed Qureshi

International Competitiveness of the Mediterranean Quartet: A Heterogeneous-Product Approach

Herman Z. Bennett and Ziga Zarnic

Dynamic Aspects of Productivity Spillovers, Terms of Trade, and the "Home Market Effect"

Ippei Fujiwara and Naohisa Hirakata

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