IMF Working Papers

No. 08/87 A New Fiscal Rule: Should Israel go Swiss? Debrun, Xavier; Epstein, Natan P.; Symansky, Steven A.

No. 08/88 Is Central Bank Intervention Effective Under Inflation Targeting Regimes? The Case of Colombia Kamil, Herman

No. 08/89 Factor Model for Stress-testing with a Contingent Claims Model of the Chilean Banking System Gray, Dale F.; Walsh, James P

No. 08/90 Price Dynamics in the Eastern Caribbean Sun, Yan; Duttagupta, Rupa

No. 08/91 Corporate Governance Reforms in the EU: Do They Matter and How? Ivaschenko, Iryna V.; Koeva Brooks, Petya

No. 08/92 Current Account Developments in New Member States of the European Union: Equilibrium, Excess, and EU-Phoria Rahman, Jesmin

No. 08/93 The Anatomy of Banking Crises Duttagupta, Rupa; Cashin, Paul

No. 08/94 Informality and Bank Credit: Evidence from Firm-Level Data Dabla-Norris, Era; Koeda, Junko

No. 08/95 Real and Financial Sector Linkages in China and India Aziz, Jahangir

No. 08/96 Accumulating Foreign Reserves Under Floating Exchange Rates Gonçalves, Fernando M.

No. 08/97 A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon di Giovanni, Julian; Gardner, E.H.

No. 08/98 Global Aging and Declining World Interest Rates: Macroeconomic Insurance Through Pension Reform in Cyprus Catalán, Mario; Guajardo, Jaime; Hoffmaister, Alexander W.

No. 08/99 A Real Model of Transitional Growth and Competitiveness in China Lipschitz, Leslie; Rochon, Céline; Verdier, Geneviève

No. 08/100 External Shocks and Business Cycle Fluctuations in Mexico: How Important are U.S. Factors? Sosa, Sebastian

No. 08/101 Welfare Gains of Aid Indexation in Small Open Economies Dhasmana, Anubha

No. 08/102 Measuring the Informal Economy in Latin America and the Caribbean Vuletin, Guillermo Javier

No. 08/103 The Capital Markets of Emerging Europe: Institutions, Instruments and Investors Iorgova, Silvia; Ong, Li L.

No. 08/104 International R&D Spillovers and Institutions Coe, David T.; Helpman, Elhanan; Hoffmaister, Alexander W.

No. 08/105 Housing Finance and Mortgage-Backed Securities in Mexico Zanforlin, L.; Espinosa-Vega, Marco

No. 08/106 Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market Dell’Ariccia, Giovanni; Igan, Deniz; Laeven, Luc

No. 08/108 Reserve Requirements, the Maturity Structure of Debt, and Bank Runs Al-Zein, Eza Ghassan

No. 08/109 Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants Costa, Alejo; Chamon, Marcos; Ricci, Luca Antonio

No. 08/110 Estimating Equilibrium Exchange Rates for Armenia and Georgia Al Shehabi, Omar; Ding, Shuang

No. 08/111 Fiscal Coverage in the Countries of the Middle East and Central Asia: Current Situation and a Way Forward Zakharova, Daria

No. 08/112 Competitiveness in the Southern Euro Area: France, Greece, Italy, Portugal, and Spain Bennett, Herman Z.; Escolano, Julio; Fabrizio, Stefania; Gutierrez, Eva; Ivaschenko, Iryna V.; Lissovolik, Bogdan; Schule, Werner; Tokarick, Stephen; Xiao, Yuan; Moreno Badia, Marialuz

No. 08/113 International Spillover of Labor Market Reforms Dao, Mai

No. 08/114 Do IMF Programs Improve Economic Governance? Honda, Jiro

No. 08/115 Impact of Government Expenditure on Growth: The Case of Azerbaijan Koeda, Junko; Kramarenko, V.

No. 08/116 Accounting Challenges for Semi-Autonomous Revenue Agencies (SARAs) in Developing Countries Terkper, Seth E.

No. 08/117 Calculating Sustainable Non-mineral Balances as Benchmarks for Fiscal Policy: The Case of Botswana Clausen, Jens R.

No. 08/118 The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy: The Case of São Tomé and Principe Wang, Jian-Ye; Ronci, Márcio Valério; Farhan, Nisreen H.; Takebe, Misa; Shanghavi, Amar

No. 08/119 Central Bank Independence and Transparency: Evolution and Effectiveness Crowe, Christopher W.; Meade, Ellen E.

No. 08/120 Investment and Growth Dynamics: An Empirical Assessment Applied to Benin Samaké, Issouf

No. 08/121 Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan Africa Baldini, Alfredo; Ribeiro, Marcos Poplawski

No. 08/122 Government Size and Output Volatility: Should We Forsake Automatic Stabilization? Debrun, Xavier; Pisani-Ferry, Jean; Sapir, André

No. 08/123 Mexico’s Integration into NAFTA Markets: A View from Sectoral Real Exchange Rates and Transaction Costs Blavy, Rodolphe; Juvenal, Luciana

No. 08/124 Trends in Italy’s Nonprice Competitiveness Lissovolik, Bogdan

No. 08/125 Tax and Pension Reform in the Czech Republic-Implications for Growth and Debt Sustainability...