Staff Discussion Notes
Pages | 20-20 |
18
IMF Research Bulletin
Rabah Arez ki
Editor
Prakas h Loungani
Co-Editor
Patricia Loo
Assistant Editor
Tracey Lookadoo
Editorial Assistant
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Staff Discussion Notes
Sta Disc ussion Notes showcase new pol icy-related
analysis and rese arch by IMF departments. ese
papers are generally brief a nd written in nontechnical
language, and a re aimed at a broad audience interested
in economic policy issues. For more informat ion and
to download the papers in th is series, please visit:
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aspx?page=sd n
No. 15/09
Reforming Fiscal Governance i n the European Union
Michal Andrle, John Bluedorn, Luc Eyr aud, Tidiane Kinda, Petya Koeva Brooks, G erd Schwartz,
and Anke Weber
No. 15/10
When Should Public Debt Be Reduced?
Jonathan D. Ostry, Atish R. Ghosh, and Raphael Espinoza
No . 15 /11
Is the Glass Half Empt y or Half Full? Issues in Managing Water Challenges and Polic y
Instruments
Kalpana Kochha r, Catherine Pattillo, Yan Sun, Nujin Suphaphiphat, Andrew Swiston, Robert
Tchaidze, Benedict Clements, Stefania Fabri zio, Valentina Flamin i, Laure Redifer, Harald
Finger, and an IMF Sta Team
No. 15/12
Housing Finance and Real-Estate Bo oms: A Cross-Country Perspective
Eugenio Cerutti, Jihad D agher, and Giovanni Dell ’Ariccia
No. 15/13
Causes and Consequences of Income Inequa lity: A Global Perspective
Era Dabla-Norris, Kalpana Kochhar, Nujin Suphaphiphat, Frantisek Ricka, Evridi ki Tsounta
No. 15/14
Inequality and Lab or Market Institutions
Florence Jaumotte and Carolina Osorio Buitron
No. 15/15
Global Implication s of Lower Oil Prices
Aasim M. Husain, R abah Arezki, Peter Breuer, Vikram Haks ar, omas Helbling, Paulo
Medas, Mart in Sommer, and an IMF Sta Team
InternatIonal Monetary Fund
IMF STAFF DISCUSSION NOTE
December 2012 SDN/12/12
Shadow Banking:
Economics and Policy
Stijn Claessens, Zoltan Pozsar, Lev Ratnovski,
and Manmohan Singh
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