Recent IMF Publications


July 2015
 

Title: Production Offshoring and Investment by Japanese Firms
Author/Editor: Joong Shik Kang ; Shi Piao
Series: Working Paper No. 15/183
Date: July 30, 2015

 

Title: Price Expectations and the U.S. Housing Boom
Author/Editor: Pascal Towbin ; Sebastian Weber
Series: Working Paper No. 15/182
Date: July 30, 2015

 

Title: Foreign Help Wanted : Easing Japan’s Labor Shortages
Author/Editor: Giovanni Ganelli ; Naoko Miake
Series: Working Paper No. 15/181
Date: July 30, 2015

 

Title: Morocco: Second Review Under the Arrangement Under the Precautionary and Liquidity Line-Staff Report; Press Release; and Statement by the Executive Director for Morocco
Series: Country Report No. 15/209
Date: July 30, 2015

 

Title: Filling the Gap : Infrastructure Investment in Brazil
Author/Editor: Mercedes Garcia-Escribano ; Carlos Góes ; Izabela Karpowicz
Series: Working Paper No. 15/180
Date: July 29, 2015
Subject(s): Infrastructure | Brazil | Public investment | Transportation | Export competitiveness

 

Title: Collateral Damage : Dollar Strength and Emerging Markets’ Growth
Author/Editor: Pablo Druck ; Nicolas E. Magud ; Rodrigo Mariscal
Series: Working Paper No. 15/179
Date: July 29, 2015
Subject(s): US dollar | Exchange rate appreciation | Exchange rate depreciation | Commodity price fluctuations | Demand | Economic growth | Emerging markets | Econometric models

 

Title: Somalia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Somalia
Series: Country Report No. 15/208
Date: July 29, 2015
Subject(s): Article IV consultation reports | Economic conditions | Fiscal policy | Governance | External debt | Financial sector | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Somalia

 

Title: Kiribati: 2015 Article IV Consultation-Press Release; and Staff Report
Series: Country Report No. 15/207
Date: July 29, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Private sector | Value added tax | Fiscal reforms | Public enterprises | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Staff Reports | Press releases | Kiribati

 

Title: Estimation of Drivers of Public Education Expenditure : Baumol’s Effect Revisited
Author/Editor: Manabu Nose
Series: Working Paper No. 15/178
Date: July 28, 2015
Subject(s): Education spending | Wage increases | Unit labor cost | Developed countries | Developing countries | Econometric models | Parameter estimation

 

Title: Does A Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation
Author/Editor: Kangni Kpodar ; Patrick A. Imam
Series: Working Paper No. 15/177
Date: July 28, 2015
Subject(s): Regional trade | Bilateral trade agreements | Economic growth | External shocks | Developed countries | Developing countries | Econometric models

 

Title: Deflation and Public Finances : Evidence from the Historical Records
Author/Editor: Nicolas End ; Sampawende J.-A. Tapsoba ; G. Terrier ; Renaud Duplay
Series: Working Paper No. 15/176
Date: July 28, 2015
Subject(s): Deflation | Public finance | Fiscal policy | Fiscal analysis | Developed countries | Panel analysis

 

Title: Now or Later? The Political Economy of Public Investment in Democracies
Author/Editor: Sanjeev Gupta ; Estelle X. Liu ; Carlos Mulas-Granados
Series: Working Paper No. 15/175
Date: July 27, 2015
Subject(s): Public investment | Political economy | Governance | Public finance

 

Title: Institutions and Growth : a GMM/IV Panel VAR Approach
Author/Editor: Carlos Góes
Series: Working Paper No. 15/174
Date: July 27, 2015
Subject(s): Financial institutions | Development | Economic growth | Developed countries | Developing countries | Econometric models | Panel analysis

 

Title: Euro Area Policies: Selected Issues
Series: Country Report No. 15/205
Date: July 27, 2015
Subject(s): Monetary policy | Economic growth | Inflation | Banking sector | Loans | Bank supervision | Fiscal reforms | Selected Issues Papers | Euro Area

 

Title: Euro Area Policies: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director
Series: Country Report No. 15/204
Date: July 27, 2015
Subject(s): Article IV consultation reports | Economic recovery | Demand | Fiscal policy | Fiscal reforms | Banking sector | Bank supervision | European Central Bank | Economic indicators | Statistics | Data quality assessment framework | Staff Reports | Press releases | Euro Area

 

Title: The Bahamas: 2015 Article IV Consultation-Press Release; and Staff Report
Series: Country Report No. 15/203
Date: July 27, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal consolidation | Energy sector | Currency pegs | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Bahamas, The

 

Title: What Matters for Financial Development and Stability?
Author/Editor: Raja Almarzoqi ; Sami Ben Naceur ; Akshay Kotak
Series: Working Paper No. 15/173
Date: July 24, 2015
Subject(s): Financial sector | Development | Financial institutions | Developing countries | Financial stability

 

Title: Fiscal Deficit and Public Debt in the Western Balkans : 15 Years of Economic Transition
Author/Editor: Zsoka Koczan
Series: Working Paper No. 15/172
Date: July 24, 2015
Subject(s): Budget deficits | Albania | Bosnia and Herzegovina | Croatia | Kosovo | Macedonia, former Yugoslav Republic of | Montenegro | Serbia | Economic growth | Government expenditures | Public debt | Fiscal policy | Transition economies | Cross country analysis

 

Title: Burkina Faso: Second and Third Reviews Under the Extended Credit Facility Arrangement, and Request for Augmentation of Access and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso
Series: Country Report No. 15/202
Date: July 24, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Fiscal reforms | Energy sector | Subsidies | Commercial banks | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Performance criteria modifications | Burkina Faso

 

Title: Transforming Non-Renewable Resource Economies (NREs)
Author/Editor: Bill Battaile ; Saurabh Mishra
Series: Working Paper No. 15/171
Date: July 23, 2015
Subject(s): Non-renewable resources | Exports | Economic growth | Labor productivity | Developing countries | Cross country analysis

 

Title: A Model for Monetary Policy Analysis in Uruguay
Author/Editor: Rafael Portillo ; Yulia Ustyugova
Series: Working Paper No. 15/170
Date: July 23, 2015
Subject(s): Monetary policy | Uruguay | Inflation targeting | Demand for money | Econometric models

 

Title: Czech Republic: 2015 Article IV Consultation-Press Release; and Staff Report
Series: Country Report No. 15/198
Date: July 23, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Inflation targeting | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Staff Reports | Press releases | Czech Republic

 

Title: Japan: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Japan
Series: Country Report No. 15/197
Date: July 23, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal consolidation | Fiscal reforms | Monetary policy | Financial sector | Banks | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Japan

 

Title: Spillover Implications of Differences in Monetary Conditions in the United States and the Euro Area
Author/Editor: Carolina Osorio ; Esteban Vesperoni
Series: Policy Discussion Paper No. 15/1
Date: July 23, 2015
Subject(s): Spillovers | Negative spillovers | Positive spillovers | United States | Euro Area | Monetary policy

 

Title: Spillovers from Dollar Appreciation
Author/Editor: Julian T. S. Chow ; Florence Jaumotte ; Seok Gil Park ; Yuanyan Sophia Zhang
Series: Policy Discussion Paper No. 15/2
Date: July 23, 2015
Subject(s): Spillovers | Monetary policy | Emerging markets | Developing countries

 

Title: Household Financial Access and Risk Sharing in Nigeria
Author/Editor: Stacy Carlson ; Era Dabla-Norris ; Mika Saito ; Yu Shi
Series: Working Paper No. 15/169
Date: July 22, 2015
Subject(s): Financial services | Nigeria | Household consumption | Household credit | Private savings | Borrowing

 

Title: Seychelles: 2015 Article IV Consultation, Second Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Seychelles
Series: Country Report No. 15/201
Date: July 22, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Extended arrangement reviews | Performance criteria modifications | Performance criteria waivers | Seychelles

 

Title: Singapore: Selected Issues
Series: Country Report No. 15/200
Date: July 22, 2015
Subject(s): International trade | Exports | Imports | Price elasticity | Demand elasticity | Selected Issues Papers | Singapore

 

Title: Singapore: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore
Series: Country Report No. 15/199
Date: July 22, 2015
Subject(s): Article IV consultation reports | Economic conditions | Economic growth | Monetary policy | Macroprudential Policy | Fiscal policy | Corporate sector | Pension reforms | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Staff Reports | Press releases | Singapore

 

Title: Does Public Sector Inefficiency Constrain Firm Productivity : Evidence from Italian Provinces
Author/Editor: Raffaela Giordano ; Sergi Lanau ; Pietro Tommasino ; Petia Topalova
Series: Working Paper No. 15/168
Date: July 21, 2015
Subject(s): Public sector | Italy | Industrial productivity | Industrial efficiency

 

Title: Default Premium
Author/Editor: Luis Catão ; Rui Mano
Series: Working Paper No. 15/167
Date: July 21, 2015
Subject(s): Sovereign debt defaults | Interest rates | Risk premium | Bond yields

 

Title: Democratic Republic of São Tomé and Príncipe: Request for a Three-Year Arrangement Under the Extended Credit Facility and Cancellation of the Current Arrangement Under the Extended Credit Facility-Press Release; and Statement by the Executive Director for the Democratic Republic of São Tomé and Príncipe
Series: Country Report No. 15/196
Date: July 21, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Revenue mobilization | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Extended arrangement requests | S?o Tom? and Pr?ncipe

 

Title: Guinea-Bissau: Selected Issues
Series: Country Report No. 15/195
Date: July 21, 2015
Subject(s): Governance | Economic growth | Exports | Banking sector | Private sector | Credit | Financial stability | Selected Issues Papers | Guinea-Bissau

 

Title: Guinea-Bissau: 2015 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; and Statement by the Executive Director for Guinea-Bissau
Series: Country Report No. 15/194
Date: July 21, 2015
Subject(s): Article IV consultation reports | Governance | Fiscal policy | Revenue mobilization | Monetary policy | Banking sector | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Extended Credit Facility | Guinea-Bissau

 

Title: From Systemic Banking Crises to Fiscal Costs : Risk Factors
Author/Editor: David Amaglobeli ; Nicolas End ; Mariusz Jarmuzek ; Geremia Palomba
Series: Working Paper No. 15/166
Date: July 20, 2015
Subject(s): Systemic risk | Banking crisis | Banking sector | Econometric models

 

Title: Systemic Risk, Aggregate Demand, and Commodity Prices
Author/Editor: Javier Gómez-Pineda ; Dominique M. Guillaume ; Kadir Tanyeri
Series: Working Paper No. 15/165
Date: July 20, 2015
Subject(s): Systemic risk | External shocks | Demand | Commodity prices | Econometric models

 

Title: Macroeconomic Challenges of Structural Transformation : Public Investment, Growth and Debt Sustainability in Sierra Leone
Author/Editor: Lacina Balma ; Mthuli Ncube
Series: Working Paper No. 15/164
Date: July 20, 2015
Subject(s): Transition economies | Sierra Leone | Public investment | Economic growth | Fiscal adjustment | Fiscal consolidation | Debt sustainability | Econometric models

 

Title: Grenada: Second Review Under the Extended Credit Facility, Request for a Waiver of a Performance Criterion, Request for Modification of Performance Criteria and Financing Assurances Review-Press Release; and Staff Report
Series: Country Report No. 15/193
Date: July 20, 2015
Subject(s): Extended Credit Facility | Fiscal consolidation | Debt restructuring | Fiscal reforms | Public enterprises | Economic indicators | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Grenada

 

Title: Samoa: Financial Sector Assessment Program-Financial System Stability Assessment
Series: Country Report No. 15/192
Date: July 20, 2015
Subject(s): Financial system stability assessment | Financial sector | Commercial banks | Bank supervision | Bank resolution | Anti-money laundering | Combating the financing of terrorism | Economic indicators | Financial soundness indicators | Samoa

 

Title: Samoa: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Samoa
Series: Country Report No. 15/191
Date: July 20, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal consolidation | Fiscal reforms | Financial institutions | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Samoa

 

Title: Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms
Author/Editor: Paulo Drummond ; Ari Aisen ; C. Emre Alper ; Ejona Fuli ; Sébastien Walker
Series: African Departmental Paper No. 15/6
Date: July 20, 2015
Subject(s): Monetary unions | Burundi | Kenya | Rwanda | Tanzania | Uganda | East Africa | Economic growth | Agricultural sector | Natural resources | Exchange rate shocks | Regional integration | Cross country analysis

 

Title: Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries
Author/Editor: Juliana Dutra Araujo ; Antonio David ; Carlos van Hombeeck ; Chris Papageorgiou
Series: Working Paper No. 15/163
Date: July 17, 2015
Subject(s): Private capital flows | Low-income developing countries | Capital inflows | Business cycles

 

Title: The German Labor Market Reforms and Post-Unemployment Earnings
Author/Editor: Niklas Engbom ; Enrica Detragiache ; Faezeh Raei
Series: Working Paper No. 15/162
Date: July 17, 2015
Subject(s): Labor market reforms | Germany | Unemployment | Job creation | Wages

 

Title: Price and Income Elasticity of Indian Exports—The Role of Supply-Side Bottlenecks
Author/Editor: Mehdi Raissi ; Volodymyr Tulin
Series: Working Paper No. 15/161
Date: July 17, 2015
Subject(s): Price elasticity | India | Exports | Demand | Exchange rate appreciation | Supply-side policy

 

Title: Drivers of Financial Integration – Implications for Asia
Author/Editor: Nasha Ananchotikul ; Shi Piao ; Edda Zoli
Series: Working Paper No. 15/160
Date: July 17, 2015
Subject(s): Economic integration | Asia | Regional integration | Econometric models

 

Title: Lebanon: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lebanon
Series: Country Report No. 15/190
Date: July 17, 2015
Subject(s): Article IV consultation reports | Economic conditions | External shocks | Fiscal policy | Fiscal reforms | Electric power | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Lebanon

 

Title: Antigua and Barbuda: Staff Report for the 2014 Article IV Consultation and Second Post-Program Monitoring-Press Release; and Staff Report
Series: Country Report No. 15/189
Date: July 17, 2015
Subject(s): Article IV consultation reports | Economic growth | Tourism | Public debt | Fiscal consolidation | Tax collection | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Post-program monitoring | Press releases | Antigua and Barbuda

 

Title: Inequality and Labor Market Institutions
Author/Editor: Florence Jaumotte ; Carolina Osorio
Series: Staff Discussion Note No. 15/14
Date: July 17, 2015
Subject(s): Labor market institutions | Income inequality | Income distribution | Minimum wages | Labor unions | Developed countries

 

Title: Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?
Author/Editor: Olivier J. Blanchard ; Gustavo Adler ; Irineu E. Carvalho Filho
Series: Working Paper No. 15/159
Date: July 16, 2015
Subject(s): Foreign exchange intervention | Exchange rates | Capital flows | External shocks | Low-income developing countries

 

Title: Should Korea Worry about a Permanently Weak Yen?
Author/Editor: Jack Ree ; Gee Hee Hong ; Seoeun Choi
Series: Working Paper No. 15/158
Date: July 16, 2015
Subject(s): Currencies | Japan | Korea, Republic of | yen | Depreciation | Real effective exchange rates | Export competitiveness

 

Title: The Impact of IMF-Supported Programs on FDI in Low-income Countries
Author/Editor: Ali J Al-sadiq
Series: Working Paper No. 15/157
Date: July 16, 2015
Subject(s): Fund-supported adjustment programs | Foreign direct investment | Low-income developing countries | Capital inflows | Conditionality | Econometric models | Time series | Panel analysis

 

Title: The Dog That Didn’t Bark : The Strange Case of Domestic Policy Cooperation in the “New Normal”
Author/Editor: Tamim Bayoumi
Series: Working Paper No. 15/156
Date: July 15, 2015
Subject(s): Economic policy | International cooperation | Fiscal policy | Monetary policy | Central bank autonomy | Macroprudential policies and financial stability

 

Title: Emerging Market Heterogeneity : Insights from Cluster and Taxonomy Analysis
Author/Editor: Zhongxia Zhang ; Yuan Gao
Series: Working Paper No. 15/155
Date: July 15, 2015
Subject(s): Emerging markets | Economic growth | Investment | Income | Total factor productivity | Business cycles | Classification of countries

 

Title: LTV and DTI Limits—Going Granular
Author/Editor: Luis I. Jacome H. ; Srobona Mitra
Series: Working Paper No. 15/154
Date: July 15, 2015
Subject(s): Loans | Mortgages | Debt service ratios | Housing prices | Systemic risk | Macroprudential policies and financial stability | Cross country analysis

 

Title: Germany: Selected Issues
Series: Country Report No. 15/188
Date: July 15, 2015
Subject(s): Labor markets | Wages | Wage bargaining | Women | Public investment | Public-private sector cooperation | Current account surpluses | Private consumption | Selected Issues Papers | Germany

 

Title: Germany: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Germany
Series: Country Report No. 15/187
Date: July 15, 2015
Subject(s): Article IV consultation reports | Economic growth | Labor markets | Fiscal policy | Public investment | Infrastructure | Bank supervision | Economic indicators | Staff Reports | Press releases | Germany

 

Title: Mali: Technical Assistance Report-Anti-Corruption and Anti-Money Laundering
Series: Country Report No. 15/185
Date: July 15, 2015
Subject(s): Anti-money laundering | Corruption | Banking sector | Mining sector | Gold | Combating the financing of terrorism | International cooperation | Technical Assistance Reports | Mali

 

Title: Financial Factors : Implications for Output Gaps
Author/Editor: Pau Rabanal ; Marzie Taheri Sanjani
Series: Working Paper No. 15/153
Date: July 14, 2015
Subject(s): Gross domestic product | Euro Area | Potential output | Monetary policy | Business cycles | Parameter estimation | General equilibrium models

 

Title: Greece: An Update of IMF Staff’s Preliminary Public Debt Sustainability Analysis
Series: Country Report No. 15/186
Date: July 14, 2015
Subject(s): Debt sustainability analysis | Public debt | External borrowing | Economic growth | Privatization | Fiscal reforms | Greece

 

Title: Cross-Country Report on Inflation: Selected Issues
Series: Country Report No. 15/184
Date: July 14, 2015
Subject(s): Inflation | Monetary policy | Inflation targeting | Cross country analysis | Selected Issues Papers | Czech Republic | Poland | Sweden | Switzerland

 

Title: Republic of Poland: Selected Issues
Series: Country Report No. 15/183
Date: July 14, 2015
Subject(s): Inflation | Economic forecasting | Labor productivity | Labor markets | Selected Issues Papers | Poland

 

Title: Republic of Poland: 2015 Article IV Consultation-Press Release; Staff Report; Information Annex; and Statement by the Executive Director
Series: Country Report No. 15/182
Date: July 14, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal consolidation | Government expenditures | Fiscal reforms | Monetary policy | Bank resolution | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Poland

 

Title: Global Implications of Lower Oil Prices
Author/Editor: Aasim M. Husain ; Rabah Arezki ; Peter Breuer ; Vikram Haksar ; Thomas Helbling ; Paulo A. Medas ; Martin Sommer
Series: Staff Discussion Notes. No. 15/15
Date: July 14, 2015
Subject(s): Oil prices | Credit risk | Financial sector | Fiscal adjustment | Monetary policy | Exchange rate regimes | Emerging markets | Developing countries

 

Title: The Quest for the Holy Grail : Efficient and Equitable Fiscal Consolidation in India
Author/Editor: Chadi Abdallah ; David Coady ; Sanjeev Gupta ; Emine Hanedar
Series: Working Paper No. 15/152
Date: July 13, 2015
Subject(s): Fiscal consolidation | India | Fiscal policy | Equity and social spending | Expenditure efficiency | Income distribution | Tax burdens | Household consumption | Consumption taxes | Tax reforms

 

Title: China’s Labor Market in the “New Normal”
Author/Editor: Raphael W. Lam ; Xiaoguang Liu ; Alfred Schipke
Series: Working Paper No. 15/151
Date: July 13, 2015
Subject(s): Labor markets | China | Employment | Migrant labor | Labor mobility | Public enterprises | Economic growth | Labor market characteristics

 

Title: Banks in The Global Integrated Monetary and Fiscal Model
Author/Editor: Michal Andrle ; Michael Kumhof ; Douglas Laxton ; Dirk Muir
Series: Working Paper No. 15/150
Date: July 10, 2015
Subject(s): Banks | General equilibrium models | Fiscal stimulus | Financial sector | Supply and demand | Regional shocks | Fiscal policy | Monetary policy

 

Title: Republic of Tanzania: Second Review Under the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for United Republic of Tanzania
Series: Country Report No. 15/181
Date: July 10, 2015
Subject(s): Policy Support Instrument | Fiscal policy | Payments arrears | Capital account liberalization | Monetary policy | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Tanzania

 

Title: South Africa: Technical Assistance Report-Revenue Administration Gap Analysis Program—The Value-Added Tax Gap
Series: Country Report No. 15/180
Date: July 10, 2015
Subject(s): Tax revenues | Value added tax | Tax collection | Tax administration | Technical Assistance | South Africa

 

Title: France: Selected Issues
Series: Country Report No. 15/179
Date: July 10, 2015
Subject(s): Fiscal reforms | Government expenditures | Labor market reforms | Financial sector | Housing prices | Banks | Insurance | Selected Issues Papers | France

 

Title: France: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for France
Series: Country Report No. 15/178
Date: July 10, 2015
Subject(s): Article IV consultations | Economic recovery | Unemployment | Fiscal consolidation | Fiscal reforms | Financial sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | France

 

Title: Bosnia and Herzegovina: Financial System Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina
Series: Country Report No. 15/177
Date: July 9, 2015
Subject(s): Financial system stability assessment | Financial sector | Banks | Bank resolution | Insurance | Capital markets | Macroprudential Policy | Currency boards | Liquidity management | Financial safety nets | Reports on the Observance of Standards and Codes | Press releases | Bosnia and Herzegovina

 

Title: Bosnia and Herzegovina: Financial System Stability Assessment
Series: Country Report No. 15/164
Date: July 9, 2015
Subject(s): Financial system stability assessment | Financial sector | Banks | Bank resolution | Insurance | Capital markets | Macroprudential Policy | Currency boards | Liquidity management | Financial safety nets | Reports on the Observance of Standards and Codes | Bosnia and Herzegovina

 

Title: Mexico: Report on the Observance of Standards and Codes (ROSC)—Data Module
Series: Country Report No. 15/176
Date: July 8, 2015
Subject(s): Data quality assessment framework | National accounts | Government finance statistics | Special Data Dissemination Standard | Reports on the Observance of Standards and Codes | Mexico

 

Title: Network Effects of International Shocks and Spillovers
Author/Editor: Alexei Kireyev ; Andrei Leonidov
Series: Working Paper No. 15/149
Date: July 7, 2015
Subject(s): Demand | External shocks | Spillovers | China | Ukraine | International trade | Patterns of trade | Econometric models

 

Title: What Slice of the Pie? The Corporate Bond Market Boom in Emerging Economies
Author/Editor: Diana Ayala Pena ; Milan Nedeljkovic ; Christian Saborowski
Series: Working Paper No. 15/148
Date: July 7, 2015
Subject(s): Corporate sector | Bond markets | Corporate debt | Emerging markets | Econometric models

 

Title: Uganda: Staff Report for the 2015 Article IV Consultation and the Fourth Review Under the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for Uganda
Series: Country Report No. 15/175
Date: July 7, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Public investment | Infrastructure | Banking sector | Monetary policy | Economic indicators | Balance of payments statistics | Millennium Development Goals | Debt sustainability analysis | Letters of Intent | Staff Reports | Policy Support Instrument | Press releases | Uganda

 

Title: United States: Financial Sector Assessment Program-Anti-Money Laundering And Combating The Financing Of Terrorism (Aml/Cft)-Technical Notes
Series: Country Report No. 15/174
Date: July 7, 2015
Subject(s): Financial Sector Assessment Program | Anti-money laundering | Combating the financing of terrorism | Corporate sector | Financial institutions | International cooperation | United States

 

Title: United States: Financial Sector Assessment Program-Stress Testing-Technical Notes
Series: Country Report No. 15/173
Date: July 7, 2015
Subject(s): Financial Sector Assessment Program | Banking sector | Insurance | Capital markets | Liquidity | Stress testing | United States

 

Title: United States: Financial Sector Assessment Program-Systemic Risk Oversight and Management-Technical Notes
Series: Country Report No. 15/172
Date: July 7, 2015
Subject(s): Financial Sector Assessment Program | Fiscal risk | Financial risk | Capital markets | Liquidity | Securities regulations | Asset management | Housing | Mortgages | Risk management | United States

 

Title: United States: Financial Sector Assessment Program-Review of the Key Attributes of Effective Resolution Regimes for the Banking and Insurance Sectors-Technical Note
Series: Country Report No. 15/171
Date: July 7, 2015
Subject(s): Financial Sector Assessment Program | Banking sector | Deposit insurance | Bank resolution | Insurance supervision | Insurance regulations | United States

 

Title: United States: Financial Sector Assessment Program-Financial System Stability Assessment
Series: Country Report No. 15/170
Date: July 7, 2015
Subject(s): Financial system stability assessment | Financial sector | Banks | Bank resolution | Deposit insurance | Capital markets | Insurance | Asset management | Macroprudential Policy | Financial safety nets | United States

 

Title: United States: Selected Issues
Series: Country Report No. 15/169
Date: July 7, 2015
Subject(s): Housing | Loans | Mortgages | Credit risk | Financial stability | Selected Issues Papers | United States

 

Title: United States: 2015 Article IV Consultation-Press Release; Staff Report
Series: Country Report No. 15/168
Date: July 7, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal risk | Budgets | Fiscal policy | Fiscal reforms | Housing | Monetary policy | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Staff Reports | Press releases | United States

 

Title: Italy: Selected Issues
Series: Country Report No. 15/167
Date: July 7, 2015
Subject(s): Corporate sector | Spain | Debt | Banking sector | Loans | Bank resolution | Public sector | Labor productivity | Selected Issues Papers | Italy

 

Title: Italy: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy
Series: Country Report No. 15/166
Date: July 7, 2015
Subject(s): Article IV consultation reports | Economic conditions | Fiscal reforms | Public sector | Banking sector | Corporate sector | External Sector Report | Debt sustainability analysis | Economic indicators | Staff Reports | Press releases | Italy

 

Title: Designing Legal Frameworks for Public Debt Management
Author/Editor: Elsie Addo Awadzi
Series: Working Paper No. 15/147
Date: July 2, 2015
Subject(s): Public debt management | Financial management legal framework | Fiscal policy | Fiscal transparency

 

Title: Greece: Preliminary Draft Debt Sustainability Analysis
Series: Country Report No. 15/165
Date: July 2, 2015
Subject(s): Debt sustainability analysis | Public debt | External borrowing | Economic growth | Fiscal reforms | Privatization | Greece

 

Title: Republic of Croatia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia
Series: Country Report No. 15/163
Date: July 2, 2015
Subject(s): Article IV consultation reports | Economic conditions | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Croatia

 

Title: Pakistan: Seventh Review Under the Extended Arrangement and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan
Series: Country Report No. 15/162
Date: July 2, 2015
Subject(s): Extended arrangement reviews | Economic growth | Fiscal policy | Fiscal consolidation | Fiscal reforms | Electric power | Monetary policy | Economic indicators | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Pakistan

 
 
June 2015
 

Title: Designing Effective Macroprudential Stress Tests : Progress So Far and the Way Forward
Author/Editor: Dimitri G. Demekas
Series: Working Paper No. 15/146
Date: June 30, 2015
Subject(s): Macroprudential policies and financial stability | Banks | Stress testing | Econometric models

 

Title: How Does Post-Crisis Bank Capital Adequacy Affect Firm Investment?
Author/Editor: Yangfan Sun ; Hui Tong
Series: Working Paper No. 15/145
Date: June 30, 2015
Subject(s): Banking sector | Bank capital | Capital adequacy | Corporate sector | Investment

 

Title: A New Methodology for Estimating the Output Gap in the United States
Author/Editor: Ali Alichi
Series: Working Paper No. 15/144
Date: June 30, 2015
Subject(s): Economic growth | United States | Potential output | Parameter estimation | Econometric models

 

Title: The Macroeconomic Relevance of Credit Flows : An Exploration of U.S. Data
Author/Editor: Alexander Herman ; Deniz Igan ; Juan Sole
Series: Working Paper No. 15/143
Date: June 30, 2015
Subject(s): Flow of funds | United States | Banks | Nonbank financial sector | Bank credit | Household credit | Business cycles | Financial crises | Economic recession | Economic recovery | Interconnectedness | Data analysis

 

Title: Systemic Risk : A New Trade-off for Monetary Policy?
Author/Editor: Stefan Laseen ; Andrea Pescatori ; Jarkko Turunen
Series: Working Paper No. 15/142
Date: June 30, 2015
Subject(s): Systemic risk assessment | Monetary policy | Macroprudential Policy | Financial sector | General equilibrium models

 

Title: Philippines: Fiscal Transparency Evaluation
Series: Country Report No. 15/156
Date: June 30, 2015
Subject(s): Fiscal transparency | Budgets | Budgeting | Economic forecasting | Fiscal reforms | Fiscal risk | Risk management | Economic indicators | Reports on the Observance of Standards and Codes | Philippines

 

Title: Oman: Report on the Observance of Standards and Codes (ROSC)—Data Module
Series: Country Report No. 15/159
Date: June 29, 2015
Subject(s): Data quality assessment framework | National accounts | Consumer price indexes | Producer price indexes | Government finance statistics | Monetary statistics | External sector | Statistics | General Data Dissemination System | Reports on the Observance of Standards and Codes | Oman

 

Title: Global Financial Spillovers to Emerging Market Sovereign Bond Markets
Author/Editor: Christian Ebeke ; Annette Kyobe
Series: Working Paper No. 15/141
Date: June 26, 2015
Subject(s): Bond markets | Foreign investment | Bond yields | External shocks | Spillovers | Emerging markets

 

Title: Assessing Default Risks for Chinese Firms : A Lost Cause?
Author/Editor: Daniel Law ; Shaun K. Roache
Series: Working Paper No. 15/140
Date: June 26, 2015
Subject(s): Default | China | Corporate sector | Public non-financial corporations | Credit risk

 

Title: Does Easing Monetary Policy Increase Financial Instability?
Author/Editor: Ambrogio Cesa-Bianchi ; Alessandro Rebucci
Series: Working Paper No. 15/139
Date: June 26, 2015
Subject(s): Monetary policy | Macroprudential Policy | United States | Real interest rates | Automatic stabilizers | Financial stability | Econometric models

 

Title: Republic of Serbia: First Review Under the Stand-By Arrangement-Press Release and Staff Report
Series: Country Report No. 15/161
Date: June 26, 2015
Subject(s): Stand-by arrangement reviews | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Balance of payments statistics | Letters of Intent | Staff Reports | Press releases | Serbia

 

Title: Iceland: Sixth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland
Series: Country Report No. 15/160
Date: June 26, 2015
Subject(s): Post-program monitoring | Labor markets | Wage increases | Inflation | Monetary policy | Fiscal policy | Capital account liberalization | Financial sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Iceland

 

Title: Estimation and out-of-sample Prediction of Sudden Stops : Do Regions of Emerging Markets Behave Differently from Each Other?
Author/Editor: Fabio Comelli
Series: Working Paper No. 15/138
Date: June 25, 2015
Subject(s): Capital flows | Sudden stops | Emerging markets | Regional economics | Sensitivity analysis | Parameter estimation | Cross country analysis

 

Title: What Really Drives Public Debt : A Holistic Approach
Author/Editor: Pablo Anaya ; Alex Pienkowski
Series: Working Paper No. 15/137
Date: June 25, 2015
Subject(s): Public debt | Sovereign debt | Developed countries | Monetary policy | Cross country analysis | Econometric models

 

Title: The Journey to Inflation Targeting : Easier Said than Done The Case for Transitional Arrangements along the Road
Author/Editor: Bernard Laurens ; Kelly Eckhold ; Darryl King ; Nils Øyvind Mæhle ; Abdul Naseer ; Alain Durré
Series: Working Paper No. 15/136
Date: June 25, 2015
Subject(s): Inflation targeting | Monetary policy | Monetary aggregates | Economic analysis

 

Title: Building Resilience in Sub-Saharan Africa's Fragile States
Author/Editor: E. Gelbard ; Corinne Deléchat ; Ejona Fuli ; Mumtaz Hussain ; Ulrich Jacoby ; Dafina Mulaj ; Marco Pani ; Gustavo Ramirez ; Rui Xu
Series: African Departmental Paper No. 15/5
Date: June 25, 2015
Subject(s): Political economy | Sub-Saharan Africa | Rwanda | Mozambique | Congo, Democratic Republic of the | Central African Republic | Ethiopia | Mali | Sierra Leone | Fiscal policy | Fiscal reforms | Stabilization measures | Economic growth | Cross country analysis

 

Title: Lower for Longer : Neutral Rates in the United States
Author/Editor: Andrea Pescatori ; Jarkko Turunen
Series: Working Paper No. 15/135
Date: June 24, 2015
Subject(s): Interest rates | United States | Monetary policy | Econometric models

 

Title: Avoiding Dark Corners : A Robust Monetary Policy Framework for the United States
Author/Editor: Ali Alichi ; Kevin Clinton ; Charles Freedman ; Ondra Kamenik ; Michel Juillard ; Douglas Laxton ; Jarkko Turunen ; Hou Wang
Series: Working Paper No. 15/134
Date: June 24, 2015
Subject(s): Monetary policy | United States | Interest rates | Monetary policy instruments | Inflation targeting | Econometric models

 

Title: Global Food Prices and Domestic Inflation : Some Cross-Country Evidence
Author/Editor: Davide Furceri ; Prakash Loungani ; John Simon ; Susan Wachter
Series: Working Paper No. 15/133
Date: June 24, 2015
Subject(s): Food prices | External shocks | Inflation | Developed countries | Emerging markets | Cross country analysis

 

Title: Inflation-Forecast Targeting : Applying the Principle of Transparency
Author/Editor: Kevin Clinton ; Charles Freedman ; Michel Juillard ; Ondra Kamenik ; Douglas Laxton ; Hou Wang
Series: Working Paper No. 15/132
Date: June 24, 2015
Subject(s): Inflation targeting | Monetary policy | Transparency | Central banks | Economic forecasting | Econometric models

 

Title: Haiti: Selected Issues
Series: Country Report No. 15/158
Date: June 24, 2015
Subject(s): Economic growth | Government expenditures | Education | Public enterprises | Electric power | Infrastructure | Pensions | Monetary policy | Selected Issues Papers | Haiti

 

Title: Haiti: 2015 Staff Report for the Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility - Press Release; Staff Report; and Statement by the Executive Director for Haiti
Series: Country Report No. 15/157
Date: June 24, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Reserves | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Extended Credit Facility | Extended arrangement requests | Haiti

 

Title: The Leap of the Tiger : How Malaysia Can Escape the Middle-Income Trap
Author/Editor: Reda Cherif ; Fuad Hasanov
Series: Working Paper No. 15/131
Date: June 23, 2015
Subject(s): National income | Malaysia | Economic growth | Productivity | Technological innovation | Korea, Republic of | Taiwan Province of China | Cross country analysis

 

Title: Unveiling the Effects of Foreign Exchange Intervention : A Panel Approach
Author/Editor: Gustavo Adler ; Noemie Lisack ; Rui Mano
Series: Working Paper No. 15/130
Date: June 23, 2015
Subject(s): Foreign exchange intervention | Exchange rates | Nominal effective exchange rate | Exchange rate depreciation | Panel analysis

 

Title: Monetary Policy in India : Transmission to Bank Interest Rates
Author/Editor: Sonali Das
Series: Working Paper No. 15/129
Date: June 23, 2015
Subject(s): Monetary policy | India | Monetary transmission mechanism | Banking sector | Interest rates | Econometric models | Error analysis

 

Title: Cyprus: Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Cyprus
Series: Country Report No. 15/155
Date: June 23, 2015
Subject(s): Extended Fund Facility | Fiscal policy | Fiscal reforms | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Phasing of purchases | Performance criteria waivers | Extended arrangement reviews | Cyprus

 

Title: Gauging Housing Supply in Canada : A Stock Approach
Author/Editor: Julien Reynaud
Series: Working Paper No. 15/128
Date: June 22, 2015
Subject(s): Housing | Canada | Supply and demand | Housing prices

 

Title: Push Factors and Capital Flows to Emerging Markets : Why Knowing Your Lender Matters More Than Fundamentals
Author/Editor: Eugenio Cerutti ; Stijn Claessens ; Damien Puy
Series: Working Paper No. 15/127
Date: June 22, 2015
Subject(s): Capital flows | Mutual funds | International banks | Emerging markets | Capital inflows | Cross country analysis | Sensitivity analysis

 

Title: Ireland: Third Post-Program Monitoring Discussions-Press Release; and Staff Report
Series: Country Report No. 15/154
Date: June 22, 2015
Subject(s): Post-program monitoring | Economic growth | Public debt | Fiscal policy | Banking sector | Staff Reports | Press releases | Ireland | Housing prices

 

Title: Pension Reforms in Mauritius : Fair and Fast—Balancing Social Protection and Fiscal Sustainability
Author/Editor: Mauricio Soto ; Vimal Thakoor ; Martin Petri
Series: Working Paper No. 15/126
Date: June 19, 2015
Subject(s): Pension reforms | Mauritius | Demographic transition | Aging | Population | Social safety nets | Fiscal sustainability

 

Title: Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific
Author/Editor: Ezequiel Cabezon ; Leni Hunter ; Patrizia Tumbarello ; Kazuaki Washimi ; Yiqun Wu
Series: Working Paper No. 15/125
Date: June 19, 2015
Subject(s): Climatic changes | Pacific Island Countries | Small states | Cross country analysis | Risk management | Emergency assistance | Fund role

 

Title: Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States
Author/Editor: Ezequiel Cabezon ; Patrizia Tumbarello ; Yiqun Wu
Series: Working Paper No. 15/124
Date: June 19, 2015
Subject(s): Fiscal framework | Pacific Island Countries | Expenditure efficiency | Fiscal policy | Small states

 

Title: Experiences with Macroprudential Policy—Five Case Studies
Author/Editor: Salim M. Darbar ; Xiaoyong Wu
Series: Working Paper No. 15/123
Date: June 19, 2015
Subject(s): Macroprudential Policy | Hong Kong SAR | Netherlands | New Zealand | Singapore | Sweden | Cross country analysis

 

Title: Zambia: Selected Issues
Series: Country Report No. 15/153
Date: June 16, 2015
Subject(s): Mining sector | Fiscal policy | Oil | Commodity pricing policy | Economic growth | Banking sector | Selected Issues Papers | Zambia

 

Title: Zambia: 2015 IV Article Consultation - Press Release; Staff Report; and Statement by the Executive Director for Zambia
Series: Country Report No. 15/152
Date: June 16, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Financial management | Monetary policy | Bank supervision | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Staff Reports | Press releases | Zambia

 

Title: Mali: Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria, and Request for Modification of Performance Criteria - Press Release; and Staff Report
Series: Country Report No. 15/151
Date: June 16, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Government expenditures | Revenues | Fiscal reforms | Economic indicators | Millennium Development Goals | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Mali

 

Title: Jamaica: Eighth Review Under the Arrangement Under the Extended Fund Facility and Request for Waiver for the Nonobservance of Performance Criterion and Modification of Performance Criteria; Press Release and Staff Report
Series: Country Report No. 15/150
Date: June 16, 2015
Subject(s): Extended Fund Facility | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Balance of payments statistics | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Jamaica

 

Title: Vanuatu: 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument - Press Release; Staff report; and Statement by the Executive Director for Vanuatu
Series: Country Report No. 15/149
Date: June 16, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Public enterprises | Monetary policy | Banking sector | Economic indicators | Millennium Development Goals | Rapid Financing Instrument | Rapid Credit Facility | Debt sustainability analysis | Staff Reports | Press releases | Vanuatu

 

Title: Causes and Consequences of Income Inequality : A Global Perspective
Author/Editor: Era Dabla-Norris ; Kalpana Kochhar ; Nujin Suphaphiphat ; Frantisek Ricka ; Evridiki Tsounta
Series: Staff Discussion Notes No. 15/13
Date: June 15, 2015
Subject(s): Income inequality | Economic growth | Income distribution | Technological change | Skilled labor | Labor markets | Globalization | Developed countries | Emerging markets | Cross country analysis

 

Title: Poverty, Growth, and Inequality in Sub-Saharan Africa : Did the Walk Match the Talk under the PRSP Approach?
Author/Editor: Daouda Sembene
Series: Working Paper No. 15/122
Date: June 12, 2015
Subject(s): Poverty Reduction Strategy Papers | Sub-Saharan Africa | Economic growth | Poverty and inequality | Poverty reduction strategy | Cross country analysis

 

Title: Côte d'Ivoire: Poverty Reduction Strategy Paper - Executive Summary of Progress Report
Series: Country Report No. 15/148
Date: June 12, 2015
Subject(s): Poverty Reduction Strategy Papers | Governance | Development planning | Agricultural sector | Education | Health care | Transportation | Electric power | Tourism | Côte d'Ivoire

 

Title: Côte d'Ivoire: Seventh Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria - Press Release; and Staff Report
Series: Country Report No. 15/147
Date: June 12, 2015
Subject(s): Extended Credit Facility | Economic growth | Fiscal policy | Budgets | Government expenditures | Debt management | Fiscal reforms | Economic indicators | Balance of payments statistics | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Côte d'Ivoire

 

Title: Brunei Darussalam: Statistical Appendix
Series: Country Report No. 15/146
Date: June 10, 2015
Subject(s): Gross domestic product | Government expenditures | Revenues | Exports | Imports | Financial soundness indicators | Energy sector | Statistical annexes | Brunei Darussalam

 

Title: Luxembourg: Selected Issues
Series: Country Report No. 15/145
Date: June 8, 2015
Subject(s): Tax policy | Tax system reviews | Excise taxes | Value added tax | Banks | Bank supervision | Selected Issues Papers | Luxembourg

 

Title: Luxembourg: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
Series: Country Report No. 15/144
Date: June 8, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Tax policy | Pension reforms | Banking sector | Bank supervision | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Luxembourg | Housing prices

 

Title: Colombia: Selected Issues Paper
Series: Country Report No. 15/143
Date: June 8, 2015
Subject(s): Economic growth | Unemployment | Labor markets | Wages | Public investment | Infrastructure | Selected Issues Papers | Colombia

 

Title: Colombia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Series: Country Report No. 15/142
Date: June 8, 2015
Subject(s): Article IV consultation reports | Economic growth | Oil prices | Fiscal policy | Infrastructure | Banking sector | Bank supervision | Credit expansion | Economic indicators | Staff Reports | Press releases | Colombia | Housing prices

 

Title: Is the Glass Half Empty Or Half Full? : Issues in Managing Water Challenges and Policy Instruments
Author/Editor: Kalpana Kochhar ; Catherine A. Pattillo ; Yan Sun ; Nujin Suphaphiphat ; Andrew Swiston ; Robert Tchaidze ; Benedict J. Clements ; Stefania Fabrizio ; Valentina Flamini ; Laure Redifer ; Harald Finger
Series: Staff Discussion Notes No. 15/11
Date: June 8, 2015
Subject(s): Water resources | Economic policy | Subsidies | Water supply | Supply and demand | Policy instruments | Fund role

 

Title: Crime and the Economy in Mexican States : Heterogeneous Panel Estimates (1993-2012)
Author/Editor: Concepción Verdugo Yepes ; Peter L. Pedroni ; Xingwei Hu
Series: Working Paper No. 15/121
Date: June 4, 2015
Subject(s): Regional shocks | Mexico | Foreign direct investment | Migrations | Panel analysis | Structural vector autoregression | Time series

 

Title: Rwanda: Third Review Under the Policy Support Instrument-Press Release; and Staff Report
Series: Country Report No. 15/141
Date: June 3, 2015
Subject(s): Policy Support Instrument | Fiscal policy | Public investment | Infrastructure | Monetary policy | Economic indicators | Letters of Intent | Staff Reports | Press releases | Rwanda

 

Title: Housing Finance and Real-Estate Booms : A Cross-Country Perspective
Author/Editor: Eugenio Cerutti ; Jihad Dagher ; Giovanni Dell'Ariccia
Series: Staff Discussion Notes No. 15/12
Date: June 3, 2015
Subject(s): Mortgages | Housing prices | Real estate prices | Credit expansion | Credit booms | Developed countries | Emerging markets

 

Title: IMF Committee on Balance of Payments Statistics Annual Report 2014
Series: Volume *, 2014
Date: June 3, 2015
Subject(s): Annual reports | Balance of payments statistics

 

Title: An Overview of Islamic Finance
Author/Editor: Mumtaz Hussain ; Asghar Shahmoradi ; Rima Turk
Series: Working Paper No. 15/120
Date: June 2, 2015
Subject(s): Islamic banking | Banks | Financial services industry | Financial instruments | Bonds | Risk management | Financial stability | Monetary policy | Fiscal policy

 

Title: Islamic Republic of Afghanistan: Staff Monitored Program-Press Release; and Staff Report
Series: Country Report No. 15/140
Date: June 2, 2015
Subject(s): Staff-monitored programs | Fiscal reforms | Anti-money laundering | Combating the financing of terrorism | Governance | Monetary policy | Banking sector | Economic indicators | Letters of Intent | Staff Reports | Press releases | Afghanistan

 

Title: When Should Public Debt Be Reduced?
Author/Editor: Jonathan David Ostry ; Atish R. Ghosh ; Raphael A. Espinoza
Series: Staff Discussion Notes No. 15/10
Date: June 2, 2015
Subject(s): Public debt | Public investment | Economic growth | Debt reduction | Developed countries

 

Title: Republic of Lithuania: Selected Issues
Series: Country Report No. 15/139
Date: June 1, 2015
Subject(s): Government expenditures | Education | Health care | Pensions | Wages | Labor productivity | Fiscal reforms | Selected Issues Papers | Lithuania

 

Title: Republic of Lithuania: 2015 Article IV Consultation-Press Release; and Staff Report
Series: Country Report No. 13/138
Date: June 1, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Private investment | Fiscal reforms | Banks | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Lithuania

 

Title: Tunisia: Request for An Extension of the Stand-By Arrangement-Press Release; and Staff Report
Series: Country Report No. 15/135
Date: June 1, 2015
Subject(s): Stand-by arrangement extension | Extended arrangement requests | Staff Reports | Press releases | Tunisia

 
 
May 2015
 

Title: Make in India: Which Exports Can Drive the Next Wave of Growth?
Author/Editor: Rahul Anand ; Kalpana Kochhar ; Saurabh Mishra
Series: Working Paper No. 15/119
Date: May 29, 2015
Subject(s): Exports | India | Manufactured goods | Services | Technological innovation | Foreign direct investment | Regional trade | Trade integration | Trade liberalization | Economic growth

 

Title: Base Erosion, Profit Shifting and Developing Countries
Author/Editor: Ernesto Crivelli ; Ruud A. de Mooij ; Michael Keen
Series: Working Paper No. 15/118
Date: May 29, 2015
Subject(s): Tax bases | Transnational corporations | Corporate profits | Corporate taxes | International taxation | Developing countries | Cross country analysis | Econometric models | Panel analysis

 

Title: Sub-National Government’s Risk Premia: Does Fiscal Performance Matter?
Author/Editor: Sergio Sola ; Geremia Palomba
Series: Working Paper No. 15/117
Date: May 29, 2015
Subject(s): Sovereign risk | Bonds | Risk premium | Fiscal performance | Budget deficits

 

Title: Republic of Belarus: Selected Issues
Series: Country Report No. 15/137
Date: May 29, 2015
Subject(s): Inflation | Exchange rate adjustments | Price controls | Consumer price indexes | Selected Issues Papers | Belarus

 

Title: Republic of Belarus: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Belarus
Series: Country Report No. 15/136
Date: May 29, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Exchange rate adjustments | Flexible exchange rates | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Belarus

 

Title: U.S. Total Factor Productivity Slowdown: Evidence from the U.S. States
Author/Editor: Roberto Cardarelli ; Lusine Lusinyan
Series: Working Paper No. 15/116
Date: May 28, 2015
Subject(s): Total factor productivity | United States | Technological innovation | Industrial efficiency

 

Title: New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations
Author/Editor: Andrea Gamba
Series: Working Paper No. 15/115
Date: May 28, 2015
Subject(s): Energy resources | Jordan | Fossil fuels | Oil prices | Fiscal policy | Natural resource taxation

 

Title: (Not) Dancing Together: Monetary Policy Stance and the Government Spending Multiplier
Author/Editor: Vincent Belinga ; Constant Lonkeng Ngouana
Series: Working Paper No. 15/114
Date: May 27, 2015
Subject(s): Monetary policy | Fiscal policy | Government expenditures | Shock identification | Fiscal stimulus and multipliers | Econometric models | Sensitivity analysis

 

Title: China’s Growth: Can Goldilocks Outgrow Bears?
Author/Editor: Wojciech Maliszewski ; Longmei Zhang
Series: Working Paper No. 15/113
Date: May 27, 2015
Subject(s): Economic growth | China | Business cycles | Total factor productivity | Economic reforms | Econometric models

 

Title: Peru: Selected Issues Paper
Series: Country Report No. 15/134
Date: May 27, 2015
Subject(s): Economic growth | Investment | Real effective exchange rates | Tax system reviews | Taxation | Economic models | Selected Issues Papers | Peru

 

Title: Peru: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru
Series: Country Report No. 15/133
Date: May 27, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Flexible exchange rate policy | Financial system stability assessment | Economic indicators | Staff Reports | Press releases | Peru | Housing

 

Title: Switzerland: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Switzerland
Series: Country Report No. 15/132
Date: May 27, 2015
Subject(s): Article IV consultation reports | Economic growth | Exchange rate appreciation | Financial sector | Banks | Housing | Bank reforms | Monetary policy | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Fiscal policy | Fiscal reforms | Staff Reports | Press releases | Switzerland

 

Title: It’s Not All Fiscal: Effects of Income, Fiscal Policy, and Wealth on Private Consumption
Author/Editor: Laura Jaramillo ; Alexandre Chailloux
Series: Working Paper No. 15/112
Date: May 26, 2015
Subject(s): Private consumption | Income | Fiscal policy | Income distribution | Developed countries | Panel analysis | Econometric models | Time series | Cross country analysis

 

Title: Republic of Korea: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Korea
Series: Country Report No. 15/130
Date: May 22, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Korea, Republic of | Housing

 

Title: Republic of Kosovo: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Republic of Kosovo
Series: Country Report No. 15/131
Date: May 21, 2015
Subject(s): Article IV consultation reports | Economic conditions | Fiscal policy | Public sector wages | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Kosovo

 

Title: Reforming Fiscal Governance in the European Union
Author/Editor: Michal Andrle ; John C Bluedorn ; Luc Eyraud ; Tidiane Kinda ; Petya Koeva Brooks ; Gerd Schwartz ; Anke Weber
Series: Staff Discussion Notes No. 15/9
Date: May 21, 2015
Subject(s): Fiscal reforms | Euro Area | European Economic and Monetary Union | Fiscal rules | Fiscal policy

 

Title: Understanding Revenue Administration : An Initial Data Analysis Using the Revenue Administration Fiscal Information Tool
Author/Editor: Andrea Lemgruber ; Andrew Masters ; Duncan Cleary
Series: Fiscal Affairs Departmental Paper No. 15/1
Date: May 20, 2015
Subject(s): Fiscal management | Fiscal policy | Revenues | Tax administration | Tax policy

 

Title: A Network Analysis of Sectoral Accounts: Identifying Sectoral Interlinkages in G-4 Economies
Author/Editor: Luiza Antoun de Almeida
Series: Working Paper No. 15/111
Date: May 19, 2015
Subject(s): Financial sector | United States | Japan | United Kingdom | Euro Area | Nonbank financial sector | Financial instruments | Debt securities | Loans | Stocks | Cross country analysis

 

Title: Assessing Fiscal Risks in Bangladesh
Author/Editor: Leandro Medina
Series: Working Paper No. 15/110
Date: May 19, 2015
Subject(s): Fiscal risk | Bangladesh | External shocks | Commodity prices | Loan guarantees | Pensions | Public debt | External borrowing | Sensitivity analysis

 

Title: Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances
Author/Editor: Estelle X. Liu ; Todd Mattina ; Tigran Poghosyan
Series: Working Paper No. 15/109
Date: May 19, 2015
Subject(s): Asset prices | Structural fiscal balance | Business cycles | Revenues | OECD | Error analysis | Econometric models

 

Title: Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria-Staff Report; and Press Release
Series: Country Report No. 15/129
Date: May 19, 2015
Subject(s): Extended arrangement reviews | Fiscal consolidation | Fiscal reforms | Electric power | Monetary policy | Bank supervision | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Albania

 

Title: Saving in Latin America and the Caribbean: Performance and Policies
Author/Editor: Francesco Grigoli ; Alexander Herman ; Klaus Schmidt-Hebbel
Series: Working Paper No. 15/108
Date: May 18, 2015
Subject(s): Savings | Latin America | Caribbean | Private savings | Public sector savings | Terms of trade | Fiscal policy | Monetary policy

 

Title: Islamic Finance, Consumer Protection, and Financial Stability
Author/Editor: Inutu Lukonga
Series: Working Paper No. 15/107
Date: May 18, 2015
Subject(s): Islamic banking | Banks | Financial services industry | Financial regulation and supervision | Financial stability

 

Title: Issuance of Central Bank Securities: International Experiences and Guidelines
Author/Editor: Simon Gray ; Runchana Pongsaparn
Series: Working Paper No. 15/106
Date: May 18, 2015
Subject(s): Central banks | Securities | Bond issues | Excess liquidity | Liquidity management | Monetary policy | Inflation targeting

 

Title: How Large Are Global Energy Subsidies?
Author/Editor: David Coady ; Ian W.H. Parry ; Louis Sears ; Baoping Shang
Series: Working Paper No. 15/105
Date: May 18, 2015
Subject(s): Energy sector | Subsidies | Energy prices | Consumption taxes | Fiscal reforms | Sensitivity analysis

 

Title: Portugal: Selected Issues Paper
Series: Country Report No. 15/127
Date: May 18, 2015
Subject(s): Fiscal reforms | Corporate sector | Debt restructuring | Fiscal policy | Labor markets | Global competitiveness | Selected Issues Papers | Portugal

 

Title: Portugal: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Portugal
Series: Country Report No. 15/126
Date: May 18, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Corporate sector | Debt | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Portugal

 

Title: Federated States of Micronesia: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Federated States of Micronesia
Series: Country Report No. 15/128
Date: May 15, 2015
Subject(s): Article IV consultation reports | Economic growth | Private sector | Fiscal policy | Commercial banks | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Micronesia

 

Title: Dollarization in Sub-Saharan Africa : Experiences and Lessons
Author/Editor: Mauro Mecagni ; Juan S Corrales ; Jemma Dridi ; Rodrigo Garcia-Verdu ; Patrick A. Imam ; Justin Matz ; Carla Macario ; Rodolfo Maino ; Yibin Mu ; Ashwin Moheeput ; Machiko Narita ; Marco Pani ; Manuel Rosales ; Sebastian Weber ; Etienne B. Yehoue
Series: African Departmental Paper No. 15/4
Date: May 15, 2015
Subject(s): Dollarization | Sub-Saharan Africa | Foreign exchange | Foreign currency deposits | Capital controls | Econometric models

 

Title: Chad: Poverty Reduction Strategy Paper-Joint Staff Advisory Note on the 2013 Monitoring Report of the National Development Plan 2013-15
Series: Country Report No. 15/125
Date: May 14, 2015
Subject(s): Poverty Reduction Strategy Papers | Economic growth | Nonoil sector | Fiscal consolidation | Budgets | Environmental protection | Climatic changes | Education | Health care | Development plans | Chad

 

Title: Kyrgyz Republic: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; and Press Release
Series: Country Report No. 15/113
Date: May 14, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Public investment | Fiscal reforms | Monetary policy | Bank supervision | Exchange rate assessments | Debt sustainability analysis | Economic indicators | Social indicators | Letters of Intent | Staff Reports | Press releases | Kyrgyz Republic

 

Title: Domestic and Foreign Mutual Funds in Mexico: Do They Behave Differently?
Author/Editor: Jasmine Xiao
Series: Working Paper No. 15/104
Date: May 13, 2015
Subject(s): Mutual funds | Mexico | Capital flows | Capital market volatility | Foreign investment | Emerging markets

 

Title: Chad: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document And Multilateral Debt Relief Initiative
Series: Country Report No. 15/124
Date: May 13, 2015
Subject(s): HIPC Initiative | External debt | Multilateral debt relief initiative | Debt management | Debt sustainability analysis | Poverty Reduction Strategy Papers | Staff Reports | Press releases | Chad

 

Title: Chad: First Review Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Request for Modification of Performance Criteria, and Augmentation of Access-Staff Report; Press Release; and Statement by the Executive Director for Chad
Series: Country Report No. 15/123
Date: May 13, 2015
Subject(s): Extended Credit Facility | Fiscal policy | HIPC Initiative | Fiscal reforms | Economic indicators | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Chad

 

Title: Bulgaria: Selected Issues Paper
Series: Country Report No. 15/120
Date: May 13, 2015
Subject(s): Corporate sector | Debt | Inflation | Deflation | Selected Issues Papers | Bulgaria

 

Title: Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 15/119
Date: May 13, 2015
Subject(s): Article IV consultation reports | Governance | Fiscal policy | Debt sustainability | Fiscal reforms | Banking sector | Reserves adequacy | Economic indicators | Staff Reports | Press releases | Bulgaria

 

Title: Ireland: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles
Series: Country Report No. 15/118
Date: May 13, 2015
Subject(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | Ireland

 

Title: Ireland: Report on Observance of Standards and codes (ROSC)
Series: Country Report No. 15/117
Date: May 13, 2015
Subject(s): Insurance | Insurance supervision | Central banks | Bank supervision | Reports on the Observance of Standards and Codes | Ireland

 

Title: Brazil: Selected Issues Paper
Series: Country Report No. 15/122
Date: May 12, 2015
Subject(s): Fiscal policy | Infrastructure | Public investment | Minimum wage | Corporate sector | Exchange markets | Intervention | Monetary policy | Selected Issues Papers | Brazil

 

Title: Brazil: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Brazil
Series: Country Report No. 15/121
Date: May 12, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Public debt | Fiscal consolidation | Fiscal reforms | Monetary policy | Inflation targeting | Exchange markets | Intervention | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Brazil | Housing

 

Title: Morocco: Selected Issues Paper : The Sub-Saharan Expansion of Moroccan Banks: Challenges and Opportunities
Series: Country Report No. 15/106
Date: May 8, 2015
Subject(s): Banking sector | Sub-Saharan Africa | Central bank role | Bank supervision | Financial risk | Risk management | Selected Issues Papers | Morocco

 

Title: Kingdom of the Netherlands-Aruba: 2015 Article IV Consultation Discussions-Staff Report; and Press Release
Series: Country Report No. 15/116
Date: May 7, 2015
Subject(s): Article IV consultation reports | Economic recovery | Tourism | Fiscal policy | Fiscal consolidation | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Aruba | Netherlands

 

Title: Jordan: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria, and Rephasing of Access-Staff Report; Press Release; and Statement by the Executive Director for Jordan
Series: Country Report No. 15/115
Date: May 7, 2015
Subject(s): Stand-by arrangement reviews | Fiscal policy | Fiscal reforms | Financial management | Labor market reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Jordan | Housing

 

Title: Thailand: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Thailand
Series: Country Report No. 15/114
Date: May 7, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Energy prices | Subsidies | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Thailand | Housing

 

Title: Revitalizing Securitization for Small and Medium-Sized Enterprises in Europe
Author/Editor: Shekhar Aiyar ; A. J. Al-Eyd ; Bergljot Barkbu ; Andreas Jobst
Series: Staff Discussion Notes No. 15/7
Date: May 7, 2015
Subject(s): Business enterprises | Europe | Securities markets | Access to capital markets | Securities | Debt financing | Financial intermediation

 

Title: High Liquidity Creation and Bank Failures
Author/Editor: Zuzana Fungacova ; Rima Turk ; Laurent Weill
Series: Working Paper No. 15/103
Date: May 6, 2015
Subject(s): Banking sector | Russian Federation | Bank liquidity | Default

 

Title: Are African Households Heterogeneous Agents? : Stylized Facts on Patterns of Consumption, Employment, Income and Earnings for Macroeconomic Modelers
Author/Editor: Louise Fox
Series: Working Paper No. 15/102
Date: May 6, 2015
Subject(s): Income distribution | Sub-Saharan Africa | Income inequality | Household consumption | Employment | Business cycles | Econometric models

 

Title: Energy Subsidies and Public Social Spending: Theory and Evidence
Author/Editor: Christian Ebeke ; Constant Lonkeng Ngouana
Series: Working Paper No. 15/101
Date: May 6, 2015
Subject(s): Energy sector | Subsidies | Public expenditures and education | Public expenditures and health | Public goods | Econometric models

 

Title: How to Improve the Effectiveness of Monetary Policy in the West African Economic and Monetary Union
Author/Editor: Alexei Kireyev
Series: Working Paper No. 15/99
Date: May 5, 2015
Subject(s): Monetary policy | West African Economic and Monetary Union | Exchange rate regimes | Fixed exchange rates | Capital controls | Monetary policy instruments | Monetary transmission mechanism

 

Title: Tax Policy in MENA Countries: Looking Back and Forward
Author/Editor: Mario Mansour
Series: Working Paper No. 15/98
Date: May 5, 2015
Subject(s): Tax policy | Middle East | North Africa | Taxation | Consumption taxes | Corporate income taxes | Personal income taxes | Stamp duties | Tax revenues | Cross country analysis

 

Title: Does Basel Compliance Matter for Bank Performance?
Author/Editor: Rym Ayadi ; Sami Ben Naceur ; Barbara Casu ; Barry Quinn
Series: Working Paper No. 15/100
Date: May 5, 2015
Subject(s): Banks | Basel Core Principles | Bank compliance | Bank supervision | Bank regulations

 

Title: Determinants of Firm Profitability in Colombia’s Manufacturing Sector: Exchange Rate or Structural?
Author/Editor: Naomi Griffin
Series: Working Paper No. 15/97
Date: May 4, 2015
Subject(s): Manufacturing sector | Colombia | Profits | Real effective exchange rates | Exchange rate appreciation | Econometric models

 

Title: What Drives Interest Rate Spreads in Pacific Island Countries? An Empirical Investigation
Author/Editor: Fazurin Jamaludin ; Vladimir Klyuev ; Anuk Serechetapongse
Series: Working Paper No. 15/96
Date: May 4, 2015
Subject(s): Banking systems | Pacific Island Countries | Foreign banks | Interest rates | Profit margins | Cross-country analysis

 

Title: The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies
Author/Editor: Abdul Abiad ; Davide Furceri ; Petia Topalova
Series: Working Paper No. 15/95
Date: May 4, 2015
Subject(s): Public investment | Infrastructure | Developed countries | OECD | Econometric models | Time series

 

Title: Republic of Poland: Technical Assistance Report-Tax Administration-Modernization Challenges and Strategic Priorities
Series: Country Report No. 15/112
Date: May 4, 2015
Subject(s): Tax administration | Tax collection | Value added tax | Tax revenues | Technical Assistance | Poland

 

Title: Republic of Latvia: Selected Issues Paper
Series: Country Report No. 15/111
Date: May 4, 2015
Subject(s): Economic growth | Migration | Workers remittances | Labor supply | Labor productivity | Immigration | Selected Issues Papers | Latvia

 

Title: Republic of Latvia: 2015 Article IV Consultation-Staff Report; Information Annex; and Press Release
Series: Country Report No. 15/110
Date: May 4, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Bank supervision | Bank credit | Economic indicators | Staff Reports | Press releases | Latvia

 

Title: Rethinking Financial Deepening : Stability and Growth in Emerging Markets
Author/Editor: Ratna Sahay ; Martin Cihak ; Papa N'Diaye ; Adolfo Barajas ; Diana Ayala Pena ; Ran Bi ; Yuan Gao ; Annette Kyobe ; Lam Nguyen ; Christian Saborowski ; Katsiaryna Svirydzenka ; Reza Yousefi
Series: Staff Discussion Notes No. 15/8
Date: May 4, 2015
Subject(s): Financial stability | Economic growth | Capital market development | Access to capital markets | Emerging markets