Recent IMF Publications


April 2015
 

Title: Solomon Islands: Fourth Review Under the Extended Credit Facility Arrangement and Request For Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands
Series: Country Report No. 15/102
Date: April 15, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Government expenditures | Monetary policy | Basket of currency peg | Economic indicators | Letters of Intent | Staff Reports | Press releases | Solomon Islands

 

Title: Fiscal Monitor, April 2015 : Now Is the Time: Fiscal Policies for Sustainable Growth
Series: Fiscal Monitor
Date: April 15, 2015
Subject(s): Fiscal policy | Fiscal management | Fiscal analysis | Fiscal risk | Fiscal stability | Fiscal sustainability | Fiscal balance | Fiscal data | Fiscal framework | Fiscal Monitor | Fiscal projections | Fiscal stabilization

 

Title: Global Financial Stability Report, April 2015 : Navigating Monetary Policy Challenges and Managing Risks
Series: Global Financial Stability Report
Date: April 15, 2015

 

Title: World Economic Outlook, April 2015 : Uneven Growth: Short- and Long-Term Factors
Series: World Economic and Financial Surveys
Date: April 14, 2015

 

Title: West African Economic and Monetary Union: Selected Issues
Series: Country Report No. 15/101
Date: April 13, 2015
Subject(s): Economic growth | West African Economic and Monetary Union | Current account deficits | Exchange rate assessments | Reserves adequacy | Commercial banks | Liquidity | Central banks | Tariff structures | Payment systems | Selected Issues Papers | West Africa

 

Title: West African Economic and Monetary Union-Common Policies of Member Countries-Staff Report; Press Release; and Statement by the Executive Director
Series: Country Report No. 15/100
Date: April 13, 2015
Subject(s): Staff Reports | West African Economic and Monetary Union | Economic growth | Fiscal consolidation | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Press releases | West Africa

 

Title: Hungary: Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company
Series: Country Report No. 15/99
Date: April 10, 2015
Subject(s): Asset management | Financial institutions | Corporate governance | Technical Assistance | Hungary

 

Title: Republic of San Marino: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of San Marino
Series: Country Report No. 15/94
Date: April 8, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Italy | Public debt | Debt sustainability | Banking sector | Bank restructuring | Bank supervision | Economic indicators | Staff Reports | Press releases | San Marino

 

Title: A Simple Multivariate Filter for Estimating Potential Output
Author/Editor: Patrick Blagrave ; Roberto Garcia-Saltos ; Douglas Laxton ; Fan Zhang
Series: Working Paper No. 15/79
Date: April 7, 2015
Subject(s): Potential output | Gross domestic product | Inflation | Unemployment | Econometric models | Parameter estimation | Economic theory

 

Title: Central and Eastern Europe: New Member States (NMS) Policy Forum, 2014, Selected Issues Paper
Series: Country Report No. 15/98
Date: April 7, 2015
Subject(s): Central American Bank for Economic Integration | Euro | European Economic and Monetary Union | Banking systems | Banks | Bank supervision | Fiscal policy | Pension reforms | Selected Issues Papers | Central and Eastern Europe

 

Title: Central and Eastern Europe: New Member States (NMS) Policy Forum, 2014, Staff Report on Cluster Consultations—Common Policy Frameworks and Challenges
Series: Country Report No. 15/97
Date: April 7, 2015
Subject(s): Economic integration | European Economic and Monetary Union | Euro | Fiscal policy | Trade liberalization | Pension reforms | Banking systems | Bank supervision | Staff Reports | Central and Eastern Europe

 

Title: Pakistan: Sixth Review Under the Extended Arrangement and Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Pakistan
Series: Country Report No. 15/96
Date: April 7, 2015
Subject(s): Extended arrangement reviews | Fiscal policy | Monetary policy | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Pakistan

 

Title: Islamic Finance : Opportunities, Challenges, and Policy Options
Author/Editor: Alfred Kammer ; Mohamed Norat ; Marco Pinon ; Ananthakrishnan Prasad ; Christopher M. Towe ; Zeine Zeidane
Series: Staff Discussion Notes No. 15/5
Date: April 6, 2015
Subject(s): Islamic banking | Bank regulations | Bank supervision | Deposit insurance | Bank resolution | Risk management | Macroprudential policies and financial stability | Monetary policy | Liquidity management | Tax policy | Infrastructure | Financial management

 

Title: Macroprudential Policy and Labor Market Dynamics in Emerging Economies
Author/Editor: Alan Finkelstein Shapiro ; Andres Gonzalez
Series: Working Paper No. 15/78
Date: April 3, 2015
Subject(s): Macroprudential policies and financial stability | Latin America | Emerging markets | Labor markets | Business cycles | Small open economies | Labor market friction | Econometric models

 

Title: Investment in Emerging Markets We Are Not in Kansas Anymore…Or Are We?
Author/Editor: Nicolas E. Magud ; Sebastian Sosa
Series: Working Paper No. 15/77
Date: April 3, 2015
Subject(s): Private investments | Emerging markets | Commodities | Export prices | Capital inflows | Econometric models

 

Title: Jamaica: Seventh Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica
Series: Country Report No. 15/95
Date: April 3, 2015
Subject(s): Extended Fund Facility | Fiscal policy | Budgets | Fiscal reforms | Monetary policy | Economic indicators | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Jamaica

 

Title: Hungary: Selected Issues Paper
Series: Country Report No. 15/93
Date: April 3, 2015
Subject(s): Economic growth | Export competitiveness | Government expenditures | Health care | Education | Women | Labor markets | Gender equality | Monetary policy | Selected Issues Papers | Hungary

 

Title: Hungary: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Hungary
Series: Country Report No. 15/92
Date: April 3, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Financial intermediation | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Hungary

 

Title: Recent U.S. Labor Force Dynamics: Reversible or not?
Author/Editor: Ravi Balakrishnan ; Mai Dao ; Juan Sole ; Jeremy Zook
Series: Working Paper No. 15/76
Date: April 2, 2015
Subject(s): Labor force participation | United States | Aging | Unemployment | Older people

 

Title: United States: Financial Sector Assessment Program-Detailed Assessment of Implementation on the IOSCO Objectives and Principles of Securities Regulation
Series: Country Report No. 15/91
Date: April 2, 2015
Subject(s): Financial Sector Assessment Program | Securities markets | Securities regulations | Reports on the Observance of Standards and Codes | United States

 

Title: United States: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles
Series: Country Report No. 15/90
Date: April 2, 2015
Subject(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | United States

 

Title: United States: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision
Series: Country Report No. 15/89
Date: April 2, 2015
Subject(s): Financial Sector Assessment Program | Banking sector | Basel Core Principles | Bank supervision | Reports on the Observance of Standards and Codes | United States

 

Title: Qatar: Selected Issues
Series: Country Report No. 15/87
Date: April 2, 2015
Subject(s): Fiscal policy | Revenues | Government expenditures | Nonoil sector | Economic growth | Productivity | Inflation | Selected Issues Papers | Qatar

 

Title: Qatar: 2015 Article IV Consultation-Staff Report; and Press Release
Series: Country Report No. 15/86
Date: April 2, 2015
Subject(s): Article IV consultation reports | Economic growth | Public investment | Oil prices | Real estate prices | Bank supervision | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Qatar

 

Title: How Did Markets React to Stress Tests?
Author/Editor: Bertrand Candelon ; Amadou N. R. Sy
Series: Working Paper No. 15/75
Date: April 1, 2015
Subject(s): Stress testing | European Union | Banks | Stock markets | Macroprudential policies and financial stability

 

Title: Frontiers of Monetary Policymaking: Adding the Exchange Rate as a Tool to Combat Deflationary Risks in the Czech Republic
Author/Editor: Ali Alichi ; Jaromir Benes ; Joshua Felman ; Irene Feng ; Charles Freedman ; Douglas Laxton ; Evan Tanner ; David Vavra ; Hou Wang
Series: Working Paper No. 15/74
Date: April 1, 2015
Subject(s): Monetary policy | Czech Republic | Inflation targeting | Deflation | Exchange rate policy | Exchange markets | Foreign exchange intervention

 

Title: Burundi: Sixth Review Under the Extended Credit Facility Arrangement and Request for Extension and Augmentation of Access-Staff Report; Press Release; and Statement by the Executive Director for Burundi
Series: Country Report No. 15/88
Date: April 1, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Burundi

 
 
March 2015
 

Title: Electronic Fiscal Devices (EFDs) An Empirical Study of their Impact on Taxpayer Compliance and Administrative Efficiency
Author/Editor: Peter Casey ; Patricio Castro
Series: Working Paper No. 15/73
Date: March 30, 2015
Subject(s): Tax administration | Tax compliance | Value added taxes | Tax collection | Revenue administration | Technological innovation

 

Title: Assessing China’s Corporate Sector Vulnerabilities
Author/Editor: Mali Chivakul ; Raphael W. Lam
Series: Working Paper No. 15/72
Date: March 30, 2015
Subject(s): Corporate sector | China | Borrowing | Interest rate increases | Public enterprises | Construction services | Debt burden

 

Title: Nigeria: Selected Issues Paper
Series: Country Report No. 15/85
Date: March 30, 2015
Subject(s): Development plans | Oil sector | Oil revenues | Oil prices | Financial institutions | Infrastructure | Trade integration | Imports | Selected Issues Papers | Nigeria

 

Title: Nigeria: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Nigeria
Series: Country Report No. 15/84
Date: March 30, 2015
Subject(s): Article IV consultation reports | Economic growth | Oil prices | Nonoil sector | Fiscal policy | Monetary policy | Banking sector | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Press releases | Nigeria

 

Title: Malawi: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Request for Waivers for Non-Observance of Performance Criteria, Extensions of the Arrangement, Modification of Performance Criterion, and Rephasing of Disbursements-Staff Report; Press Release; and Statement by the Executive Director for Malawi
Series: Country Report No. 15/83
Date: March 30, 2015
Subject(s): Extended Credit Facility | Fiscal reforms | Financial management | Monetary policy | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Phasing of purchases | Performance criteria modifications | Performance criteria waivers | Malawi

 

Title: Tackling Small and Medium Enterprise Problem Loans in Europe
Author/Editor: Wolfgang Bergthaler ; Kenneth Kang ; Yan Liu ; Dermot Monaghan
Series: Staff Discussion Notes No. 15/4
Date: March 30, 2015
Subject(s): Business enterprises | Europe | Non-performing loans | Corporate sector | Bankruptcy | Debt restructuring

 

Title: Fiscal Multipliers in Ukraine
Author/Editor: Pritha Mitra ; Tigran Poghosyan
Series: Working Paper No. 15/71
Date: March 27, 2015
Subject(s): Fiscal stimulus and multipliers | Ukraine | Fiscal consolidation | Government expenditures | Tax revenues | Structural vector autoregression | Econometric models

 

Title: Spillovers in the Nordic Countries
Author/Editor: Borislava Mircheva ; Dirk Muir
Series: Working Paper No. 15/70
Date: March 27, 2015
Subject(s): Spillovers | Denmark | Finland | Sweden | Norway | Russian Federation | Oil prices | Economic integration | Monetary policy | Fiscal policy | Cross country analysis | General equilibrium models

 

Title: Investment Scaling-up and the Role of Government: the Case of Benin
Author/Editor: Matteo Ghilardi ; Sergio Sola
Series: Working Paper No. 15/69
Date: March 27, 2015
Subject(s): Public investment | Benin | Infrastructure | Expenditure efficiency | Tax collection | Fiscal stabilization | Fiscal sustainability | General equilibrium models

 

Title: Romania: Selected Issues
Series: Country Report No. 15/80
Date: March 27, 2015
Subject(s): Fiscal policy | Labor markets | Labor taxes | Export performance | Global competitiveness | Public investment | Infrastructure | Fiscal reforms | Public enterprises | Inflation targeting | Monetary policy | Selected Issues Papers | Romania

 

Title: Romania: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Romania
Series: Country Report No. 15/79
Date: March 27, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Financial intermediation | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Romania

 

Title: Uruguay: Selected Issues Paper
Series: Country Report No. 15/82
Date: March 26, 2015
Subject(s): Economic growth | Monetary policy | United States | Exchange rate depreciation | Selected Issues Papers | Uruguay

 

Title: Uruguay: 2014 Article IV Consultation-Staff Report; and Press Release
Series: Country Report No. 15/81
Date: March 26, 2015
Subject(s): Article IV consultation reports | Economic conditions | Economic growth | Inflation targeting | Monetary policy | Fiscal policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Uruguay

 

Title: Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+
Author/Editor: Serhan Cevik ; Carolina Correa-Caro
Series: Working Paper No. 15/68
Date: March 25, 2015
Subject(s): Income inequality | China | Brazil | Russian Federation | India | Fiscal policy | Income distribution | Economic growth | Cross country analysis | Time series | Panel analysis

 

Title: Ireland: Selected Issues
Series: Country Report No. 15/78
Date: March 25, 2015
Subject(s): Fiscal policy | Corporate sector | Nonbank financial sector | Financial intermediation | Banking sector | Selected Issues Papers | Ireland

 

Title: Ireland: 2015 Article IV Consultation-Staff Report; Press Release
Series: Country Report No. 15/77
Date: March 25, 2015
Subject(s): Article IV consultation reports | Economic recovery | Economic growth | Fiscal policy | Bank supervision | Macroprudential Policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Ireland

 

Title: China: How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth?
Author/Editor: Raphael W. Lam ; Philippe Wingender
Series: Working Paper No. 15/66
Date: March 24, 2015
Subject(s): Tax revenues | China | Tax reforms | Fiscal reforms | Inclusive growth | Tax systems

 

Title: Playing by the Rules: Reforming Fiscal Governance in Europe
Author/Editor: Luc Eyraud ; Tao Wu
Series: Working Paper No. 15/67
Date: March 24, 2015
Subject(s): Fiscal policy | European Economic and Monetary Union | Public debt | Fiscal rules | Fiscal reforms | Debt sustainability

 

Title: Sierra Leone: Second Review Under the Extended Credit Facility Arrangement and Financing Assurances Review, and Requests for Augmentation of Access Under the Extended Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust-Staff Report; Press Release; and Statement by the Executive Director for Sierra Leone
Series: Country Report No. 15/76
Date: March 24, 2015
Subject(s): Extended Credit Facility | External shocks | Fiscal policy | Borrowing | Debt relief | Emergency assistance | Fiscal reforms | Financial management | Monetary policy | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Sierra Leone

 

Title: Assessing The Impact Of Fiscal Shocks On Output In MENAP Countries
Author/Editor: Martin D. Cerisola ; Chadi Abdallah ; Victor Davies ; Mark Fischer
Series: Technical Notes and Manuals No.15/1
Date: March 23, 2015

 

Title: Uncertainty and Investment: The Financial Intermediary Balance Sheet Channel
Author/Editor: Sophia Chen
Series: Working Paper No. 15/65
Date: March 20, 2015
Subject(s): Banks | Financial intermediaries | Investment | Balance sheets | Econometric models

 

Title: The Flexible System of Global Models – FSGM
Author/Editor: Michal Andrle ; Patrick Blagrave ; Pedro Espaillat ; Keiko Honjo ; Ben Hunt ; Mika Kortelainen ; René Lalonde ; Douglas Laxton ; Eleonara Mavroeidi ; Dirk Muir ; Susanna Mursula ; Stephen Snudden
Series: Working Paper No. 15/64
Date: March 20, 2015
Subject(s): Economic theory | Demand | Prices | Commodities | Fiscal policy | Monetary policy | Group of Twenty | General equilibrium models

 

Title: Soft Power and Exchange Rate Volatility
Author/Editor: Serhan Cevik ; Richard Harris ; Fatih Yilmaz
Series: Working Paper No. 15/63
Date: March 20, 2015
Subject(s): Exchange rates | Foreign exchange market volatility | Econometric models

 

Title: Estimating Potential Growth in the Middle East and Central Asia
Author/Editor: Pritha Mitra ; Amr Hosny ; Gohar Abajyan ; Mark Fischer
Series: Working Paper No. 15/62
Date: March 20, 2015
Subject(s): Economic growth | Middle East and Central Asia | Economic conditions | Potential output | Total factor productivity | Regional economics

 

Title: Indonesia: Selected Issues
Series: Country Report No. 15/75
Date: March 19, 2015
Subject(s): Commodity markets | Corporate sector | Banking sector | Liquidity | Fiscal risk | Fiscal policy | Debt sustainability | Risk management | Selected Issues Papers | Indonesia

 

Title: Indonesia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Indonesia
Series: Country Report No. 15/74
Date: March 19, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Corporate sector | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Indonesia

 

Title: Saudi Arabia : Tackling Emerging Economic Challenges to Sustain Growth
Author/Editor: Ahmed Al-Darwish ; Naif Alghaith ; Alberto Behar ; Tim Callen ; Pragyan Deb ; Amgad Hegazy ; Padamja Khandelwal ; Malika Pant ; Haonan Qu
Series: Middle East and Central Asia Departmental Paper 15/1
Date: March 18, 2015
Subject(s): Economic growth | Saudi Arabia | Monetary policy | Macroprudential Policy | Fiscal policy | Fiscal rules | Budgets | Oil revenues | Nonoil sector | Oil sector | Commodity markets | Supply and demand | Export diversification

 

Title: The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies
Author/Editor: Era Dabla-Norris ; Si Guo ; Vikram Haksar ; Minsuk Kim ; Kalpana Kochhar ; Kevin Wiseman ; Aleksandra Zdzienicka
Series: Staff Discussion Notes No. 15/3
Date: March 18, 2015
Subject(s): Total factor productivity | Labor productivity | Economic growth | Fiscal reforms | Developed countries

 

Title: The Use and Effectiveness of Macroprudential Policies: New Evidence
Author/Editor: Eugenio Cerutti ; Stijn Claessens ; Luc Laeven
Series: Working Paper No. 15/61
Date: March 17, 2015
Subject(s): Macroprudential Policy | Emerging markets | Developed countries | Procyclicality of financial system | Cross country analysis | Time series

 

Title: Central Banking in Latin America: From the Gold Standard to the Golden Years
Author/Editor: Luis Ignacio Jácome
Series: Working Paper No. 15/60
Date: March 17, 2015
Subject(s): Central banking | Latin America | Central bank role | Monetary policy | Inflation targeting | Economic recession | Financial crises | Cross country analysis

 

Title: Fiscal Decentralization and the Efficiency of Public Service Delivery
Author/Editor: Moussé Sow ; Ivohasina Fizara Razafimahefa
Series: Working Paper No. 15/59
Date: March 17, 2015
Subject(s): Fiscal decentralization | Public services | Expenditure efficiency

 

Title: A Stock-Flow Accounting Model of the Labor Market: An Application to Israel
Author/Editor: Yossi Yakhin ; Natalya Presman
Series: Working Paper No. 15/58
Date: March 16, 2015
Subject(s): Labor markets | Israel | Unemployment | Structural vector autoregression | Econometric models | Time series

 

Title: The Role of Bank Capital in Bank Holding Companies’ Decisions
Author/Editor: Adolfo Barajas ; Thomas F. Cosimano ; Dalia Hakura ; Sebastian Roelands
Series: Working Paper No. 15/57
Date: March 16, 2015
Subject(s): Banks | United States | Bank capital | Panel analysis | Vector autoregression

 

Title: What Can Boost Female Labor Force Participation in Asia?
Author/Editor: Yuko Kinoshita ; Fang Guo
Series: Working Paper No. 15/56
Date: March 16, 2015
Subject(s): Labor force participation | Japan | Korea, Republic of | Norway | Sweden | Asia | Women | Employment | Cross country analysis | Structural vector autoregression | Econometric models

 

Title: Women Workers in India: Why So Few Among So Many?
Author/Editor: Sonali Das ; Sonali Jain-Chandra ; Kalpana Kochhar ; Naresh Kumar
Series: Working Paper No. 15/55
Date: March 16, 2015
Subject(s): Labor force participation | India | Women | Employment | Job creation | Informal sector

 

Title: How Inclusive Is Abenomics?
Author/Editor: Chie Aoyagi ; Giovanni Ganelli ; Kentaro Murayama
Series: Working Paper No. 15/54
Date: March 13, 2015
Subject(s): Inclusive growth | Japan | Income distribution | Income inequality | Fiscal reforms | Labor market reforms | Monetary policy | Inflation targeting

 

Title: Iceland: Selected Issues Paper
Series: Country Report No. 15/73
Date: March 13, 2015
Subject(s): Capital account liberalization | Private savings | Investment | Financial sector | Exchange rates | Housing prices | Fiscal policy | Tourism | Fiscal reforms | Selected Issues Papers | Iceland

 

Title: Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland
Series: Country Report No. 15/72
Date: March 13, 2015
Subject(s): Article IV consultation reports | Monetary policy | Bank supervision | Fiscal policy | Fiscal reforms | Exchange restrictions | Post-program monitoring | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Iceland

 

Title: Belgium: Selected Issues
Series: Country Report No. 15/71
Date: March 12, 2015
Subject(s): Fiscal consolidation | Housing prices | Unemployment | Fiscal reforms | Pension reforms | Selected Issues Papers | Belgium

 

Title: Belgium: 2015 Article IV Consultation-Staff Report; and Press Release
Series: Country Report No. 15/70
Date: March 12, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Labor market reforms | Pension reforms | Banking sector | Liquidity | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Belgium

 

Title: Ukraine: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement-Staff Report; Press Release; and Statement by the Executive Director for Ukraine
Series: Country Report No. 15/69
Date: March 12, 2015
Subject(s): Extended Fund Facility | Monetary policy | Banking sector | Fiscal policy | Energy sector | Fiscal reforms | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Stand-by arrangement cancellations | Extended arrangement requests | Ukraine

 

Title: Pressing the Indian Growth Accelerator: Policy Imperatives
Author/Editor: Rakesh Mohan ; Muneesh Kapur
Series: Working Paper No. 15/53
Date: March 11, 2015
Subject(s): Economic growth | India | Fiscal policy | Capital account | Savings | Public investment | Infrastructure | Tax revenues | Personal income taxes | Corporate sector | Manufacturing

 

Title: Maldives: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Maldives
Series: Country Report No. 15/68
Date: March 11, 2015
Subject(s): Article IV consultation reports | Economic growth | Tourism | Fiscal policy | Fiscal consolidation | Bank supervision | Economic indicators | Debt sustainability analysis | Millennium Development Goals | Staff Reports | Press releases | Maldives

 

Title: Romania: Fiscal Transparency Evaluation
Series: Country Report No. 15/67
Date: March 11, 2015
Subject(s): Fiscal transparency | Fiscal risk | Risk management | Budgeting | Budgets | Economic forecasting | Reports on the Observance of Standards and Codes | Romania

 

Title: Republic of Armenia: Selected Issues Paper
Series: Country Report No. 15/66
Date: March 11, 2015
Subject(s): Foreign exchange | Dollarization | Exchange rates | Fiscal policy | Selected Issues Papers | Armenia

 

Title: Republic of Armenia: 2014 Article IV Consultation-First Review Under the Extended Arrangement-Staff Report; Staff Supplement; and Press Release
Series: Country Report No. 15/65
Date: March 11, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Pension reforms | Monetary policy | Exchange rate assessments | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Extended arrangement reviews | Armenia

 

Title: Niger: Selected Issues
Series: Country Report No. 15/64
Date: March 11, 2015
Subject(s): Fiscal policy | Economic growth | Natural resources | Energy sector | Government expenditures | Public investment | Current account | Financial sector | Selected Issues Papers | Niger

 

Title: Niger: 2014 Article IV Consultation and Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Niger
Series: Country Report No. 15/63
Date: March 11, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Natural resources | Budgets | Debt management | Economic indicators | Extended Credit Facility | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Niger

 

Title: India: Selected Issues Paper
Series: Country Report No. 15/62
Date: March 11, 2015
Subject(s): External shocks | Spillovers | Climatic changes | Fiscal policy | Corporate sector | Women | Labor markets | Exports | Monetary policy | Millennium Development Goals | Selected Issues Papers | India

 

Title: India: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for India
Series: Country Report No. 15/61
Date: March 11, 2015
Subject(s): Article IV consultation reports | Fiscal consolidation | Fiscal policy | Fiscal reforms | Banking sector | Monetary policy | Economic indicators | Millennium Development Goals | Staff Reports | Press releases | India

 

Title: Finland: Fiscal Transparency Evaluation
Series: Country Report No. 15/60
Date: March 11, 2015
Subject(s): Fiscal transparency | Fiscal risk | Risk management | Budgeting | Budgets | Economic forecasting | Reports on the Observance of Standards and Codes | Finland

 

Title: How Delaying Fiscal Consolidation Affects the Present Value of GDP
Author/Editor: Kevin Fletcher ; Damiano Sandri
Series: Working Paper No. 15/52
Date: March 5, 2015
Subject(s): Fiscal consolidation | Gross domestic product | Public debt | Fiscal stimulus and multipliers | Econometric models

 

Title: Structural Transformation — How Does Thailand Compare?
Author/Editor: Vladimir Klyuev
Series: Working Paper No. 15/51
Date: March 4, 2015
Subject(s): Labor productivity | Thailand | Agricultural sector | Migrant labor | Nonmetropolitan areas

 

Title: Malaysia: Selected Issues Paper
Series: Country Report No. 15/59
Date: March 3, 2015
Subject(s): Energy sector | Economic growth | Oil prices | Natural gas | Fiscal risk | Debt sustainability | Fiscal reforms | Subsidies | Risk management | Cross country analysis | Economic models | Selected Issues Papers | Malaysia

 

Title: Malaysia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Malaysia
Series: Country Report No. 15/58
Date: March 3, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Nonbank financial sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Malaysia

 

Title: South Africa: Financial Sector Assessment Program-Detailed Assessment of Implementation on the IOSCO Objectives and Principles of Securities Regulation
Series: Country Report No. 15/57
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Securities markets | Securities regulations | Reports on the Observance of Standards and Codes | South Africa

 

Title: South Africa: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles
Series: Country Report No. 15/56
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | South Africa

 

Title: South Africa: Financial Sector Assessment Program-Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision
Series: Country Report No. 15/55
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Banking sector | Basel Core Principles | Bank supervision | Reports on the Observance of Standards and Codes | South Africa

 

Title: South Africa: Financial Sector Assessment Program-Stress Testing the Financial System-Technical Note
Series: Country Report No. 15/54
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Banking sector | Insurance | Liquidity | Financial risk | Stress testing | South Africa

 

Title: South Africa: Financial Sector Assessment Program-Financial Safety Net, Bank Resolution, and Crisis Management Framework-Technical Note
Series: Country Report No. 15/53
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Financial sector | Financial safety nets | Financial risk | Bank resolution | Bank supervision | Intervention | Deposit insurance | Crisis prevention | Risk management | South Africa

 

Title: South Africa: Financial Sector Assessment Program-Reforms in the OTC Derivatives Market-Technical Note
Series: Country Report No. 15/52
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Securities markets | Securities regulations | Capital markets | Payment systems | South Africa

 

Title: South Africa: Financial Sector Assessment Program-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)-Technical Note
Series: Country Report No. 15/51
Date: March 3, 2015
Subject(s): Financial Sector Assessment Program | Anti-money laundering | Combating the financing of terrorism | Financial sector | Financial institutions | Bank supervision | International cooperation | South Africa

 

Title: A Global Projection Model for Euro Area Large Economies
Author/Editor: Zoltan Jakab ; Pavel Lukyantsau ; Shengzu Wang
Series: Working Paper No. 15/50
Date: March 2, 2015
Subject(s): Economic forecasting | Germany | France | Italy | Spain | Euro Area | Spillovers | General equilibrium models

 

Title: Remittances and Macroeconomic Volatility in African Countries
Author/Editor: Ahmat Jidoud
Series: Working Paper No. 15/49
Date: March 2, 2015
Subject(s): Remittances | Africa | Business cycles | Private consumption | Labor supply | Economic stabilization | General equilibrium models

 
 
February 2015
 

Title: The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries
Author/Editor: Rui Mano ; Marola Castillo
Series: Working Paper No. 15/48
Date: February 27, 2015
Subject(s): Productivity | Industrial sector | Purchasing power parity | Cross country analysis | Panel analysis | Price indexes

 

Title: Central and Commercial Bank Balance Sheet Risk Before, During, and After the Global Financial Crisis
Author/Editor: Joseph Crowley
Series: Working Paper No. 15/47
Date: February 27, 2015
Subject(s): Central banks | Commercial banks | Financial assets | Financial risk | Balance sheets | Global Financial Crisis 2008-2009

 

Title: Interconnectedness, Systemic Crises and Recessions
Author/Editor: Marco A Espinosa-Vega ; Steven Russell
Series: Working Paper No. 15/46
Date: February 27, 2015
Subject(s): Interconnectedness | Banks | Financial crises | Economic recession | Systemic risk assessment | Equilibrium. Econometric models

 

Title: Made in Mexico: Energy Reform and Manufacturing Growth
Author/Editor: Jorge Alvarez ; Fabian Valencia
Series: Working Paper No. 15/45
Date: February 27, 2015
Subject(s): Energy sector | Mexico | Manufacturing sector | Industrial production | Electricity | Energy prices | Fiscal reforms

 

Title: Is Banks’ Home Bias Good or Bad for Public Debt Sustainability?
Author/Editor: Tamon Asonuma ; Said Bakhache ; Heiko Hesse
Series: Working Paper No. 15/44
Date: February 27, 2015
Subject(s): Banking sector | Sovereign debt | Public debt | Fiscal policy | Debt sustainability | Developed countries | Developing countries

 

Title: Liberia: Request for Disbursement under the Rapid Credit Facility and Debt Relief under the Catastrophe Containment and Relief Trust-Staff Report; Press Release; and Statement by the Executive Director for Liberia
Series: Country Report No. 15/49
Date: February 27, 2015
Subject(s): Rapid Credit Facility | External shocks | Debt relief | Emergency assistance | Emergency financing mechanism | Fiscal policy | Monetary policy | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Liberia

 

Title: Are Foreign Banks a 'Safe Haven'? Evidence from Past Banking Crises
Author/Editor: Gustavo Adler ; Eugenio Cerutti
Series: Working Paper No. 15/43
Date: February 26, 2015
Subject(s): Foreign banks | Argentina | Uruguay | Banking crisis | Bank deposits | Banking systems | Emerging markets | Cross country analysis

 

Title: Asia’s Quest for Inclusive Growth Revisited
Author/Editor: Chie Aoyagi ; Giovanni Ganelli
Series: Working Paper No. 15/42
Date: February 26, 2015
Subject(s): Inclusive growth | Asia | Income distribution | Poverty reduction | Monetary policy | Fiscal reforms | Cross country analysis

 

Title: Are Islamic Banks More Resilient during Financial Panics?
Author/Editor: Moazzam Farooq ; Sajjad Zaheer
Series: Working Paper No. 15/41
Date: February 26, 2015
Subject(s): Islamic banking | Pakistan | Commercial banks | Banking crisis | Bank deposits | Loans | Bank liquidity | Bank capitalization | Balance sheets

 

Title: Republic of Serbia: 2014 Article IV Consultation and Request for Stand-By Arrangement-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Serbia
Series: Country Report No. 15/50
Date: February 26, 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 | Stand-by arrangement requests | Serbia

 

Title: Albania: Second and Third Reviews under the Extended Arrangement and Request for Waiver for the Nonobservance of Performance Criterion, Waiver of Applicability of Performance Criteria, and Rephasing of Future Disbursements-Staff Report; Press Release; and Statement by the Executive Director for Albania
Series: Country Report No. 15/48
Date: February 26, 2015
Subject(s): Extended arrangement reviews | Fiscal consolidation | Fiscal policy | Fiscal reforms | Energy sector | Monetary policy | Bank supervision | Economic indicators | Letters of Intent | Staff Reports | Press releases | Performance criteria waivers | Albania

 

Title: Malta: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Malta
Series: Country Report No. 15/46
Date: February 26, 2015
Subject(s): Article IV consultation reports | Economic growth | Global competitiveness | Fiscal reforms | Government expenditures | Public enterprises | Pension reforms | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Malta

 

Title: Lao People's Democratic Republic: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Lao People's Democratic Republic
Series: Country Report No. 15/45
Date: February 26, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal consolidation | Monetary policy | Bank supervision | Financial stability | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Lao P. D..R.

 

Title: The Sources of Business Cycles in a Low Income Country
Author/Editor: Romain Houssa ; Jolan Mohimont ; Christopher Otrok
Series: Working Paper No. 15/40
Date: February 25, 2015
Subject(s): Business cycles | Ghana | South Africa | External shocks | Commodity price shocks | Regional shocks | Low-income developing countries | Cross country analysis | Vector autoregression | Econometric models

 

Title: A Phillips Curve with Anchored Expectations and Short-Term Unemployment
Author/Editor: Laurence M. Ball ; Sandeep Mazumder
Series: Working Paper No. 15/39
Date: February 25, 2015
Subject(s): Inflation | United States | Unemployment | Deflation | Keynesian economics

 

Title: Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions
Author/Editor: Rima Turk
Series: Working Paper No. 15/38
Date: February 25, 2015
Subject(s): Corporate finance | Corporate investment | Financial management legal framework | Financial institutions | Developing countries

 

Title: Value of WTO Trade Agreements in a New Keynesian Model
Author/Editor: Giovanni Ganelli ; Juha Tervala
Series: Working Paper No. 15/37
Date: February 25, 2015
Subject(s): World Trade Organization | International trade agreements | Terms of trade | Trade liberalization | Tariffs | Labor supply | Keynesian economics

 

Title: Gabon: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Gabon
Series: Country Report No. 15/47
Date: February 25, 2015
Subject(s): Article IV consultation reports | Economic growth | External shocks | Oil prices | Fiscal policy | Payments arrears | Fiscal reforms | Oil subsidies | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Gabon

 

Title: Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels
Author/Editor: Sangyup Choi ; Prakash Loungani
Series: Working Paper No. 15/36
Date: February 23, 2015
Subject(s): Labor markets | United States | External shocks | Unemployment | Stock markets | Structural vector autoregression | Econometric models

 

Title: Private Sector Deleveraging and Growth Following Busts
Author/Editor: Sally Chen ; Minsuk Kim ; Marijn Otte ; Kevin Wiseman ; Aleksandra Zdzienicka
Series: Working Paper No. 15/35
Date: February 23, 2015
Subject(s): Private sector | Debt reduction | Economic growth | Developed countries | Emerging markets | Cross country analysis | Time series

 

Title: ASEAN Financial Integration
Author/Editor: Geert Almekinders ; Alex Mourmouras ; Jian-Ping Zhou ; Satoshi Fukuda
Series: Working Paper No. 15/34
Date: February 23, 2015
Subject(s): Economic integration | Southeast Asia | Association of Southeast Asian Nations | Economic growth | Trade integration | Trade liberalization | Capital account liberalization | Cross country analysis

 

Title: On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure
Author/Editor: Rafael Portillo ; Luis-Felipe Zanna
Series: Working Paper No. 15/33
Date: February 23, 2015
Subject(s): Food prices | Commodity price shocks | Inflation | Monetary policy | Developing countries | Econometric models

 

Title: Fair Play: : More Equal Laws Boost Female Labor Force Participation
Author/Editor: Christian Gonzales ; Sonali Jain-Chandra ; Kalpana Kochhar ; Monique Newiak
Series: Staff Discussion Notes No. 15/2
Date: February 23, 2015
Subject(s): Labor force participation | Women | Gender equality | Labor markets | Labor market reforms | Family economic aspects | Cross country analysis

 

Title: Morocco: First 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. 15/44
Date: February 23, 2015
Subject(s): Precautionary and Liquidity Line | Fiscal policy | Budgetary reforms | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Letters of Intent | Staff Reports | Press releases | Morocco

 

Title: Morocco: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Morocco
Series: Country Report No. 15/43
Date: February 23, 2015
Subject(s): Article IV consultation reports | Economic conditions | Economic growth | Unemployment | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Staff Reports | Press releases | Morocco

 

Title: Paraguay: Selected Issues Paper
Series: Country Report No. 15/38
Date: February 20, 2015
Subject(s): Fiscal policy | Spillovers | Banking sector | Bank credit | Economic models | Selected Issues Papers | Paraguay

 

Title: Paraguay: 2014 Article IV Consultation - Staff Report; and Press Release
Series: Country Report No. 15/37
Date: February 20, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Public enterprises | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Paraguay

 

Title: Investment in the Euro Area: Why Has It Been Weak?
Author/Editor: Bergljot Barkbu ; Pelin Berkmen ; Pavel Lukyantsau ; Sergejs Saksonovs ; Hanni Schoelermann
Series: Working Paper No. 15/32
Date: February 19, 2015
Subject(s): Investment | Euro Area | Cost of capital | Credit | Corporate debt | Econometric models | Cross country analysis

 

Title: Republic of Slovenia: Selected Issues Paper
Series: Country Report No. 15/42
Date: February 19, 2015
Subject(s): Fiscal reforms | Government expenditures | Pension reforms | Health care | Education | Corporate governance | Selected Issues Papers | Slovenia

 

Title: Republic of Slovenia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Slovenia
Series: Country Report No. 15/41
Date: February 19, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Corporate sector | Fiscal reforms | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Slovenia

 

Title: Guinea: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Requests for an Augmentation of Access and Extension of the Current Arrangement-Staff Report; Press Release; and Statement by the Executive Director for Guinea
Series: Country Report No. 15/39
Date: February 17, 2015
Subject(s): Extended Credit Facility | External shocks | Budgets | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Guinea

 

Title: Can Islamic Banking Increase Financial Inclusion?
Author/Editor: Sami Ben Naceur ; Adolfo Barajas ; Alexander Massara
Series: Working Paper No. 15/31
Date: February 13, 2015
Subject(s): Islamic banking | Financial services | Commercial banks | Bank credit | Bank deposits | Household survey data | Cross country analysis

 

Title: Union of the Comoros: 2014 Article IV Consultation-Staff Report, Press Release and Statement by the Executive Director for the Union of the Comoros
Series: Country Report No. 15/34
Date: February 13, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Tax revenues | Fiscal reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Financial system stability assessment | Staff Reports | Press releases | Comoros

 

Title: Energy Subsidies in Latin America and the Caribbean: Stocktaking and Policy Challenges
Author/Editor: Gabriel Di Bella ; Lawrence Norton ; Joseph Ntamatungiro ; Sumiko Ogawa ; Issouf Samaké ; Marika Santoro
Series: Working Paper No. 15/30
Date: February 12, 2015
Subject(s): Energy sector | Latin America | Caribbean | Fiscal policy | Energy | Subsidies | Public enterprises | Private investments

 

Title: Expenditure Rules: Effective Tools for Sound Fiscal Policy?
Author/Editor: Till Cordes ; Tidiane Kinda ; Priscilla S. Muthoora ; Anke Weber
Series: Working Paper No. 15/29
Date: February 12, 2015
Subject(s): Expenditure effectiveness | Fiscal policy | Fiscal rules | Expenditure controls | Cross country analysis | Time series

 

Title: Islamic Republic of Mauritania: Selected Issues Paper
Series: Country Report No. 15/36
Date: February 12, 2015
Subject(s): Fiscal policy | Economic growth | Natural resources | Public investment | Labor markets | Economic models | Selected Issues Papers | Mauritania

 

Title: Islamic Republic of Mauritania: 2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Islamic Republic of Mauritania
Series: Country Report No. 15/35
Date: February 12, 2015
Subject(s): Article IV consultation reports | Economic growth | Mining sector | Fiscal policy | Budgets | Fiscal reforms | Monetary policy | Exchange restrictions | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Mauritania

 

Title: Employment Impacts of Upstream Oil and Gas Investment in the United States
Author/Editor: Mark Agerton ; Peter Hartley ; Kenneth Medlock III ; Ted Temzelides
Series: Working Paper No. 15/28
Date: February 11, 2015
Subject(s): Oil production | United States | Natural gas | Commodity boom | Job creation | Employment | Econometric models | Time series

 

Title: Asset Bubbles: Re-thinking Policy for the Age of Asset Management
Author/Editor: Bradley Jones
Series: Working Paper No. 15/27
Date: February 11, 2015
Subject(s): Asset bubbles | Monetary policy | Macroprudential Policy | Asset prices | Asset management

 

Title: Drivers of Peru's Equilibrium Real Exchange Rate: Is the Nuevo Sol a Commodity Currency?
Author/Editor: Melesse Tashu
Series: Working Paper No. 15/26
Date: February 11, 2015
Subject(s): Real exchange rates | Peru | Exports | Commodity prices | Real effective exchange rates | Econometric models

 

Title: Harnessing Resource Wealth for Inclusive Growth in Fragile States
Author/Editor: Corinne Delechat ; Will Clark ; Pranav Gupta ; Malangu Kabedi-Mbuyi ; Mesmin Koulet-Vickot ; Carla Macario ; Toomas Orav ; Manuel Rosales ; Rene Tapsoba ; Dmitry Zhdankin ; Susan Yang
Series: Working Paper No. 15/25
Date: February 11, 2015
Subject(s): Natural resources | Guinea | Liberia | Sierra Leone | Inclusive growth | Social safety nets | Public investment | Fiscal policy | General equilibrium models

 

Title: Arab Republic of Egypt: 2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Arab Republic of Egypt
Series: Country Report No. 15/33
Date: February 11, 2015
Subject(s): Article IV consultation reports | Current account deficits | Fiscal consolidation | Fiscal reforms | Oil subsidies | Energy sector | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Egypt

 

Title: Sustaining more Inclusive Growth in the Republic of Congo
Author/Editor: Dalia Hakura ; Adrian Alter ; Matteo Ghilardi ; Rodolfo Maino ; Cameron McLoughlin ; Maximilien Queyranne
Series: African Departmental Paper No. 15/2
Date: February 11, 2015
Subject(s): Sustainable development | Republic of Congo | Inclusive growth | Oil revenues | Nonoil sector | Public investment | Natural resources | Debt sustainability | Poverty and inequality | Fiscal policy | Fiscal consolidation | Financial sector | Financial services

 

Title: A Strategy for Developing a Market for Nonperforming Loans in Italy
Author/Editor: Nadège Jassaud ; Kenneth Kang
Series: Working Paper No. 15/24
Date: February 6, 2015
Subject(s): Non-performing loans | Italy | Debt market development | Banks | Debt restructuring

 

Title: Mozambique: Fiscal Transparency Evaluation
Series: Country Report No. 15/32
Date: February 5, 2015
Subject(s): Fiscal transparency | Fiscal risk | Budgets | Budgeting | Economic forecasting | Reports on the Observance of Standards and Codes | Mozambique

 

Title: Kenya: Request for Stand-by Arrangement and an Arrangement Under the Standby Credit Facility - Staff Report; Press Release; Statement by the Executive Director for Kenya
Series: Country Report No. 15/31
Date: February 5, 2015
Subject(s): Standby Credit Facility | Fiscal policy | Financial management | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Stand-by arrangement requests | Kenya

 

Title: Making Senegal a Hub for West Africa : Reforming the State, Building to the Future
Series: African Departmental Paper No. 15/1
Date: February 5, 2015
Subject(s): Economic conditions | Senegal | Economic growth | Fiscal policy | Export performance | Foreign direct investment | Policy Support Instrument | Electric power | Social safety nets

 

Title: Costa Rica: Selected Issues and Analytical Notes
Series: Country Report No. 15/30
Date: February 4, 2015
Subject(s): Financial sector | Central banks | Monetary policy | Flexible exchange rate policy | Spillovers | Economic growth | Labor markets | Electric power | Selected Issues Papers | Costa Rica

 

Title: Costa Rica: 2014 Article IV Consultation - Staff Report; Press Release; Staff Statement; and Statement by the Executive Director for Costa Rica
Series: Country Report No. 15/29
Date: February 4, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Financial Sector Assessment Program | Debt sustainability analysis | Staff Reports | Press releases | Costa Rica

 

Title: Angola: Technical Assistant Report - Angola - Fuel Price Subsidy Reform the Way Forward
Series: Country Report No. 15/28
Date: February 4, 2015
Subject(s): Oil subsidies | Oil prices | Gasoline prices | Energy sector | Fiscal reforms | Technical Assistance | Angola

 

Title: Antigua and Barbuda: Public Expenditure and Financial Accountability (PEFA) Performance Assessment
Series: Country Report No. 15/27
Date: February 4, 2015
Subject(s): Government expenditures | Budgets | Fiscal reforms | Fiscal transparency | Technical Assistance | Antigua and Barbuda

 

Title: Montenegro: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Montenegro
Series: Country Report No. 15/26
Date: February 4, 2015
Subject(s): Article IV consultation reports | Economic growth | Public debt | Government expenditures | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Montenegro

 
 
January 2015
 

Title: Republic of Madagascar: Selected Issues Paper
Series: Country Report No. 15/25
Date: January 30, 2015
Subject(s): Financial sector | Exchange rates | Exchange rate assessments | Tax revenues | Revenue mobilization | Tax system reviews | Poverty | Selected Issues Papers | Madagascar

 

Title: Republic of Madagascar: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Madagascar
Series: Country Report No. 15/24
Date: January 30, 2015
Subject(s): Article IV consultation reports | Economic conditions | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Central bank autonomy | Economic indicators | Staff Reports | Press releases | Madagascar

 

Title: Canada: Selected Issues
Series: Country Report No. 15/23
Date: January 30, 2015
Subject(s): Fiscal policy | Exports | Export growth | Export performance | Interest rates | Monetary policy | Selected Issues Papers | Canada

 

Title: Canada: 2014 Article IV Consultation-Staff Report; Staff Statement; and Press Release
Series: Country Report No. 15/22
Date: January 30, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal consolidation | Banking sector | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Canada

 

Title: Portugal: First Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director
Series: Country Report No. 15/21
Date: January 30, 2015
Subject(s): Post-program monitoring | Fiscal policy | Domestic debt | Corporate sector | Fiscal reforms | Public enterprises | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Portugal

 

Title: Global Liquidity, House Prices, and the Macroeconomy: Evidence from Advanced and Emerging Economies
Author/Editor: Ambrogio Cesa-Bianchi ; Luis Felipe Cespedes ; Alessandro Rebucci
Series: Working Paper No. 15/23
Date: January 29, 2015
Subject(s): Housing prices | Business cycles | Capital flows | International liquidity | Emerging markets | Developed countries

 

Title: Ireland: Ex Post Evaluation of Exceptional Access Under the 2010 Extended Arrangement
Series: Country Report No. 15/20
Date: January 29, 2015
Subject(s): Ex post assessments | Economic growth | Banking sector | Credit demand | Banking crisis | Bank resolution | Bank restructuring | Fiscal policy | Extended Fund Facility | Exceptional use of Fund resources | Ireland

 

Title: Ireland: Second Post-Program Monitoring Discussions; Staff Report; and Press Release
Series: Country Report No. 15/19
Date: January 29, 2015
Subject(s): Post-program monitoring | Economic recovery | Labor markets | Fiscal policy | Banks | Bank supervision | Economic indicators | Staff Reports | Press releases | Ireland

 

Title: Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy
Author/Editor: Era Dabla-Norris ; Yan Ji ; Robert Townsend ; D. Filiz Unsal
Series: Working Paper No. 15/22
Date: January 27, 2015
Subject(s): Financial services | Income inequality | Gross domestic product | Income distribution | Low-income developing countries | Emerging markets | General equilibrium models

 

Title: Central Counterparties: Addressing their Too Important to Fail Nature
Author/Editor: Froukelien Wendt
Series: Working Paper No. 15/21
Date: January 27, 2015
Subject(s): Systemically important financial institutions | Financial institutions | Too-important-too-fail | Financial markets | Interconnectedness | Financial systems | International financial stability

 

Title: Former Yugoslav Republic of Macedonia: Staff Report for the Fourth Review Under the Post Program Monitoring Discussions; and Press Release
Series: Country Report No. 15/18
Date: January 27, 2015
Subject(s): Post-program monitoring | Fiscal policy | Public sector | Debt management | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | former Yugoslav Republic of Macedonia (FYR Macedonia)

 

Title: A World Trade Leading Index (WTLI)
Author/Editor: Karim Barhoumi ; Laurent Ferrara
Series: Working Paper No. 15/20
Date: January 26, 2015
Subject(s): International trade | Cyclical indicators | Indicators of economic activity | Data analysis

 

Title: IMF Lending and Banking Crises
Author/Editor: Luca Papi ; Andrea Presbitero ; Alberto Zazzaro
Series: Working Paper No. 15/19
Date: January 26, 2015
Subject(s): IMF Lending | Banking crisis | Intervention | Crisis prevention | Conditionality | Developing countries | Cross country analysis

 

Title: Securitization: The Road Ahead
Author/Editor: Miguel A. Segoviano Basurto ; Bradley Jones ; Peter Lindner ; Johannes Blankenheim
Series: Staff Discussion Notes No. 15/1
Date: January 26, 2015
Subject(s): Securities | Mortgages | Financial intermediation | Credit ratings | Transparency

 

Title: The Effects of U.S. Unconventional Monetary Policy on Asia Frontier Developing Economies
Author/Editor: Sohrab Rafiq
Series: Working Paper No. 15/18
Date: January 23, 2015
Subject(s): Monetary policy | Spillovers | United States | Asia | India | Developing countries | Econometric models

 

Title: Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries
Author/Editor: Ara Stepanyan ; Lamin Leigh
Series: Working Paper No. 15/17
Date: January 23, 2015
Subject(s): Fiscal policy | Labor markets | Unemployment | Public employment | Private sector | Developing countries | Econometric models

 

Title: Learning, Monetary Policy and Asset Prices
Author/Editor: Marco Airaudo ; Salvatore Nisticò ; Luis-Felipe Zanna
Series: Working Paper No. 15/16
Date: January 23, 2015
Subject(s): Monetary policy | Stock prices | Interest rate policy | Household consumption | General equilibrium models

 

Title: Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe
Author/Editor: Greetje Everaert ; Natasha Xingyuan Che ; Nan Geng ; Bertrand Gruss ; Gregorio Impavido ; Yinqiu Lu ; Christian Saborowski ; Jérôme Vandenbussche ; Li Zeng
Series: Working Paper No. 15/15
Date: January 23, 2015
Subject(s): Credit booms | Montenegro | Lithuania | Latvia | Poland | Romania | Eastern Europe | Credit demand | Supply and demand | Panel analysis | Cross country analysis

 

Title: Output Gap Uncertainty and Real-Time Monetary Policy
Author/Editor: Francesco Grigoli ; Alexander Herman ; Andrew Swiston ; Gabriel Di Bella
Series: Working Paper No. 15/14
Date: January 23, 2015
Subject(s): Economic growth | Latin America | Monetary policy | Inflation targeting | Business cycles | Cross country analysis | Time series

 

Title: Fiscal Transparency and the Performance of Government Financial Assets
Author/Editor: Mike Seiferling ; Shamsuddin Tareq
Series: Working Paper No. 15/9
Date: January 22, 2015
Subject(s): Fiscal transparency | Financial assets | Government finance statistics

 

Title: Governments’ Payment Discipline: The Macroeconomic Impact of Public Payment Delays and Arrears
Author/Editor: Cristina Checherita-Westphal ; Alexander Klemm ; Paul Viefers
Series: Working Paper No. 15/13
Date: January 22, 2015
Subject(s): Payments arrears | Government expenditures | European Union | Private sector | Liquidity | Regression analysis

 

Title: Revisiting the Concept of Dollarization: The Global Financial Crisis and Dollarization in Low-Income Countries
Author/Editor: Nkunde Mwase ; Francis Y. Kumah
Series: Working Paper No. 15/12
Date: January 22, 2015
Subject(s): Dollarization | Low-income developing countries | Global Financial Crisis 2008-2009 | Exchange rate appreciation | Sovereign risk | Econometric models

 

Title: Credit Booms and Macroeconomic Dynamics: Stylized Facts and Lessons for Low-Income Countries
Author/Editor: Marco Arena ; Serpil Bouza ; Era Dabla-Norris ; Kerstin Gerling ; Lamin Njie
Series: Working Paper No. 15/11
Date: January 22, 2015
Subject(s): Credit booms | Low-income developing countries | Banking crisis | Bank supervision

 

Title: Corporate Financing Trends and Balance Sheet Risks in Latin America
Author/Editor: Fabiano Rodrigues Bastos ; Herman Kamil ; Bennett Sutton
Series: Working Paper No. 15/10
Date: January 22, 2015
Subject(s): Corporate finance | Latin America | Corporate debt | Bonds | International capital markets | Bond issues | Financial risk | Balance sheets

 

Title: A Volatility and Persistence-Based Core Inflation
Author/Editor: Tito Nícias Teixeira da Silva Filho ; Francisco Marcos Rodrigues Figueiredo
Series: Working Paper No. 15/8
Date: January 21, 2015
Subject(s): Inflation persistence | Oil prices | Commodity price fluctuations | Consumer price indexes | Brazil | Inflation measurement | Econometric models

 

Title: The Liquidation of Government Debt
Author/Editor: Carmen Reinhart ; M. Belen Sbrancia
Series: Working Paper No. 15/7
Date: January 21, 2015
Subject(s): Public debt | Real interest rates | Negative interest rates | Interest rate ceilings | Debt reduction | Developed countries

 

Title: The Global Trade Slowdown: Cyclical or Structural?
Author/Editor: Cristina Constantinescu ; Aaditya Mattoo ; Michele Ruta
Series: Working Paper No. 15/6
Date: January 21, 2015
Subject(s): International trade | Income | Gross domestic product | Demand

 

Title: Youth Unemployment in Advanced Europe: Okun’s Law and Beyond
Author/Editor: Angana Banerji ; Hannah Huidan Lin ; Sergejs Saksonovs
Series: Working Paper No. 15/5
Date: January 21, 2015
Subject(s): Unemployment | Europe | Euro Area | Labor market characteristics | Labor market institutions | Migrations | Business cycles | Developed countries

 

Title: Georgia: First Review Under the Stand-By Arrangement and Request for Modification of a Performance Criterion-Staff Report; and Press Release
Series: Country Report No. 15/17
Date: January 20, 2015
Subject(s): Stand-by arrangement reviews | Fiscal policy | Budget deficits | Budgets | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Georgia

 

Title: Republic of Poland: Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Poland
Series: Country Report No. 15/16
Date: January 20, 2015
Subject(s): Flexible Credit Line | Banking sector | Bank supervision | Trade integration | Economic integration | Economic indicators | Staff Reports | Press releases | Extended arrangement cancellations | Poland