Recent IMF Publications


November 2014
 

Title: Borrower Protection and the Supply of Credit: Evidence from Foreclosure Laws
Author/Editor: Jihad Dagher ; Yangfan Sun
Series: Working Paper No. 14/212
Date: November 26, 2014

 

Title: Regional Labor Market Adjustments in the United States
Author/Editor: Mai Dao ; Davide Furceri ; Prakash Loungani
Series: Working Paper No. 14/211
Date: November 25, 2014
Subject(s): Labor markets | United States | Regional shocks | Labor demand | Unemployment | Labor mobility | Migrations | Regional economics

 

Title: Global Financial Stability Report, April 2014: Moving from Liquidity- to Growth-Driven Markets
Date: November 25, 2014

 

Title: Impact of Demographic Changes on Inflation and the Macroeconomy
Author/Editor: Jong-Won Yoon ; Jinill Kim ; Jungjin Lee
Series: Working Paper No. 14/210
Date: November 24, 2014
Subject(s): Demographic transition | Inflation | Population growth | Aging | Human fertility | Mortality | Older people | Labor supply | Monetary policy | Fiscal policy

 

Title: Zimbabwe: Third Review Under the Staff-Monitored Program and Successor
Series: Country Report No. 14/322
Date: November 21, 2014
Subject(s): Staff-monitored programs | Fiscal policy | External payments arrears | Fiscal reforms | Fiscal sustainability | Bank resolution | Bank supervision | Economic indicators | Staff Reports | Letters of Intent | Press releases | Zimbabwe

 

Title: Vertical Fiscal Imbalances and the Accumulation of Government Debt
Author/Editor: Inaki Aldasoro ; Mike Seiferling
Series: Working Paper No. 14/209
Date: November 20, 2014
Subject(s): Fiscal decentralization | Vertical fiscal imbalances | Public debt | Fiscal performance | Government expenditures | Revenues | Panel analysis

 

Title: Identifying Speculative Bubbles: A Two-Pillar Surveillance Framework
Author/Editor: Bradley Jones
Series: Working Paper No. 14/208
Date: November 19, 2014
Subject(s): Asset bubbles | Asset prices | Capital markets | Corporate debt | Bond issues | Bond yields | Risk premium | Financial sector surveillance

 

Title: The Transmission of Liquidity Shocks: The Role of Internal Capital Markets and Bank Funding Strategies
Author/Editor: Philippe D Karam ; Ouarda Merrouche ; Moez Souissi ; Rima Turk
Series: Working Paper No. 14/207
Date: November 19, 2014
Subject(s): Banks | Bank liquidity | Credit ratings | Access to capital markets | Loans | Bank financing | Liquidity management

 

Title: Does conditionality in IMF-supported programs promote revenue reform?
Author/Editor: Ernesto Crivelli ; Sanjeev Gupta
Series: Working Paper No. 14/206
Date: November 19, 2014
Subject(s): Fund-supported adjustment programs | Conditionality | Low-income developing countries | Tax revenues | Tax collection | Revenue administration | Tax reforms

 

Title: Slowdown in Emerging Markets: Sign of a Bumpy Road Ahead?
Author/Editor: Evridiki Tsounta
Series: Working Paper No. 14/205
Date: November 14, 2014
Subject(s): Economic growth | Emerging markets | Economic cycles | Total factor productivity | Cross country analysis

 

Title: World Saving
Author/Editor: Francesco Grigoli ; Alexander Herman ; Klaus Schmidt-Hebbel
Series: Working Paper No. 14/204
Date: November 13, 2014
Subject(s): Private savings | Consumption | Domestic savings | Cross country analysis | Econometric models | Regression analysis

 

Title: Limiting Taxpayer “Puts”—An Example from Central Counterparties
Author/Editor: Manmohan Singh
Series: Working Paper No. 14/203
Date: November 12, 2014
Subject(s): Nonbank financial sector | Systemically important financial institutions | Too-important-too-fail | Burden sharing | Risk management | Lender of last resort

 

Title: Do IMF-Supported Programs Catalyze Donor Assistance to Low-Income Countries?
Author/Editor: Yasemin Bal-Gunduz ; Masyita Crystallin
Series: Working Paper No. 14/202
Date: November 12, 2014
Subject(s): Fund-supported adjustment programs | Low-income developing countries | Official development assistance | Econometric models | Variables (Mathematics)

 

Title: Republic of Fiji: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Fiji
Series: Country Report No. 14/321
Date: November 12, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Flexible exchange rate policy | Exchange restrictions | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Fiji

 

Title: Mexico: Selected Issues Paper
Series: Country Report No. 14/320
Date: November 12, 2014
Subject(s): Energy sector | Hydrocarbons | Manufacturing | Capital flows | Foreign investment | Economic models | Selected Issues Papers | Mexico

 

Title: Mexico: 2014 Article IV Consultation-Staff Report; and Press Release
Series: Country Report No. 14/319
Date: November 12, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Inflation targeting | Flexible exchange rates | Banking sector | Liquidity | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Mexico

 

Title: Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries
Author/Editor: Maria A Albino-War ; Svetlana Cerovic ; Francesco Grigoli ; Juan Flores ; Javier Kapsoli ; Haonan Qu ; Yahia Said ; Bahrom Shukurov ; Martin Sommer ; SeokHyun Yoon
Series: Staff Discussion Notes No. 14/10
Date: November 12, 2014
Subject(s): Public investment | Middle East and Central Asia | North Africa | Central Asia and the Caucasus | Expenditure efficiency | Infrastructure | Transportation | Oil exporting countries

 

Title: Guinea-Bissau: Request for Disbursement Under the Rapid Credit Facility-Staff Report; Press Release; and Statement by the Executive Director for Guinea-Bissau
Series: Country Report No. 14/318
Date: November 7, 2014
Subject(s): Rapid Credit Facility | Fiscal policy | Budgets | Fiscal reforms | Tax collection | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Guinea-Bissau

 
 
October 2014
 

Title: Suriname: Selected Issues Paper
Series: Country Report No. 14/317
Date: October 31, 2014
Subject(s): Economic growth | Global competitiveness | Demand | External shocks | Private sector | Aging | Pensions | Selected Issues Papers | Suriname

 

Title: Suriname: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Authorities for Suriname
Series: Country Report No. 14/316
Date: October 31, 2014
Subject(s): Article IV consultation reports | Fiscal consolidation | Fiscal policy | Monetary policy | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Suriname

 

Title: Fiscal Devaluation in a Monetary Union
Author/Editor: Philipp Engler ; Giovanni Ganelli ; Juha Tervala ; Simon Voigts
Series: Working Paper No. 14/201
Date: October 30, 2014
Subject(s): Fiscal devaluation | Monetary unions | Euro Area | Southern Europe | Fiscal policy | Fiscal reforms | Value added taxes | General equilibrium models

 

Title: Policy and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach
Author/Editor: Francis Vitek
Series: Working Paper No. 14/200
Date: October 30, 2014
Subject(s): Spillovers | Monetary policy | Monetary transmission mechanism | Fiscal policy | Business cycles | Economic forecasting | General equilibrium models | Panel analysis

 

Title: Official Financial Flows, Capital Mobility, and Global Imbalances
Author/Editor: Tamim Bayoumi ; Joseph E. Gagnon ; Christian Saborowski
Series: Working Paper No. 14/199
Date: October 30, 2014
Subject(s): Capital flows | Foreign exchange reserves | Current account balances | Foreign exchange intervention | Cross country analysis | Regression analysis

 

Title: Non-Defaultable Debt and Sovereign Risk
Author/Editor: Juan Carlos Hatchondo ; Leonardo Martinez ; Yasin Kursat Onder
Series: Working Paper No. 14/198
Date: October 28, 2014
Subject(s): Sovereign debt defaults | Sovereign risk | Debt buyback arrangements | Eurobond markets | Bond issues | Econometric models

 

Title: The Impact of the Global Financial Crisis on Banking Globalization
Author/Editor: Stijn Claessens ; Neeltje van Horen
Series: Working Paper No. 14/197
Date: October 27, 2014
Subject(s): Cross-border banking | Loans | Foreign banks | Globalization | International banking | Global Financial Crisis 2008-2009

 

Title: Gross Private Capital Flows to Emerging Markets: Can the Global Financial Cycle Be Tamed?
Author/Editor: Erlend Nier ; Tahsin Saadi Sedik ; Tomas Mondino
Series: Working Paper No. 14/196
Date: October 27, 2014
Subject(s): Private capital flows | Emerging markets | Procyclicality of financial system | Capital flows | Interest rates | Central bank policy | Econometric models

 

Title: Regional Economic Outlook, Middle East and Central Asia, October 2014
Date: October 27, 2014
Subject(s): Regional Economic Outlook | Afghanistan | Pakistan | Middle East and Central Asia | North Africa | Oil exporting countries | Economic conditions | Oil production | Economic growth | Economic cooperation | Economic integration | Cross country analysis | Economic forecasting | Statistical annexes

 

Title: Global Risks and Collective Action Failures: What Can the International Community Do?
Author/Editor: Inci Otker-Robe
Series: Working Paper No. 14/195
Date: October 24, 2014
Subject(s): Global Financial Stability Risks | Climatic changes | Risk management | Public goods | Resource mobilization | International cooperation

 

Title: Financial Frictions and Sources of Business Cycle
Author/Editor: Marzie Taheri Sanjani
Series: Working Paper No. 14/194
Date: October 23, 2014
Subject(s): Business cycles | Financial intermediaries | General equilibrium models

 

Title: Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon
Author/Editor: Mariusz Jarmuzek ; Diego Mesa Puyo ; Najla Nakhle
Series: Working Paper No. 14/193
Date: October 23, 2014
Subject(s): Fiscal framework | Lebanon | Fiscal policy | Natural resources | Oil producing countries

 

Title: Public Employment and Compensation Reform During Times of Fiscal Consolidation
Author/Editor: Lorenzo Forni ; Natalija Novta
Series: Working Paper No. 14/192
Date: October 23, 2014
Subject(s): Employment | Public sector | Employee compensation | Civil service reform

 

Title: Are Non-Euro Area EU Countries Importing Low Inflation from the Euro Area?
Author/Editor: Plamen Iossifov ; Jiri Podpiera
Series: Working Paper No. 14/191
Date: October 22, 2014
Subject(s): Disinflation | Europe | Euro Area | Inflation targeting | Open economies | Econometric models

 

Title: Unraveling the Monetary Policy Transmission Mechanism in Sri Lanka
Author/Editor: Manuk Ghazanchyan
Series: Working Paper No. 14/190
Date: October 22, 2014
Subject(s): Monetary policy | Sri Lanka | Monetary transmission mechanism | Monetary aggregates | Vector autoregression | Econometric models

 

Title: Unconventional Monetary Policy and Long-Term Interest Rates
Author/Editor: Tao Wu
Series: Working Paper No. 14/189
Date: October 22, 2014
Subject(s): Monetary policy | Interest rates | Central bank policy | United States | Monetary transmission mechanism | Econometric models

 

Title: Democratic Republic of the Congo: Financial System Stability Assessment
Series: Country Report No. 14/315
Date: October 22, 2014
Subject(s): Financial system stability assessment | Financial sector | Banks | Nonbank financial sector | Bank supervision | Basel Core Principles | Bank resolution | Stress testing | Monetary policy | Central bank autonomy | Anti-money laundering | Economic indicators | Democratic Republic of the Congo

 

Title: Cyprus: Selected Issues Paper
Series: Country Report No. 14/314
Date: October 22, 2014
Subject(s): Fiscal policy | Fiscal consolidation | Banking sector | Private savings | Housing | Household credit | Economic growth | Economic models | Selected Issues Papers | Cyprus

 

Title: Cyprus: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Cyprus
Series: Country Report No. 14/313
Date: October 22, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Public debt | Fiscal reforms | Bank restructuring | Bank supervision | Economic indicators | Debt sustainability analysis | Exchange rate assessments | Staff Reports | Press releases | Cyprus

 

Title: Regional Economic Outlook, October 2014: Sub Saharan Africa
Series: Regional Economic Outlook
Date: October 20, 2014
Subject(s): Regional Economic Outlook | Sub-Saharan Africa | Economic growth | Public debt | Fiscal policy | Public investment | Private investment | Infrastructure | Monetary policy | Economic forecasting | Cross country analysis | Statistical annexes

 

Title: Regulating Capital Flows at Both Ends: Does it Work?
Author/Editor: Atish R. Ghosh ; Mahvash Saeed Qureshi ; Naotaka Sugawara
Series: Working Paper No. 14/188
Date: October 17, 2014
Subject(s): Capital flows | Capital account | Cross-border banking | Spillovers | Capital inflows | Capital controls

 

Title: Determinants of Financial Market Spillovers: The Role of Portfolio Diversification, Trade, Home Bias, and Concentration
Author/Editor: Yoko Shinagawa
Series: Working Paper No. 14/187
Date: October 17, 2014
Subject(s): Financial markets | Negative spillovers | Investment | Bilateral trade | Interconnectedness

 

Title: A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area
Author/Editor: Michal Andrle ; Roberto Garcia-Saltos ; Giang Ho
Series: Working Paper No. 14/186
Date: October 17, 2014
Subject(s): Spillovers | Poland | Euro Area | Demand | External shocks | Business cycles | Cross country analysis | Econometric models

 

Title: Singapore: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Singapore
Series: Country Report No. 14/312
Date: October 17, 2014
Subject(s): Article IV consultation reports | Monetary policy | Real effective exchange rates | Macroprudential Policy | Financial sector | Fiscal policy | Fiscal reforms | Economic indicators | Staff Reports | Press releases | Singapore

 

Title: Financial Crises and the Composition of Cross-Border Lending
Author/Editor: Eugenio Cerutti ; Galina Hale ; Camelia Minoiu
Series: Working Paper No. 14/185
Date: October 16, 2014
Subject(s): Financial crises | Cross-border banking | Loans | Regression analysis

 

Title: Minimum Wages and Firm Employment: Evidence from China
Author/Editor: Yi Huang ; Prakash Loungani ; Gewei Wang
Series: Working Paper No. 14/184
Date: October 16, 2014
Subject(s): Minimum wages | China | Employment | Business enterprises | Labor demand | Labor supply | Wage policy | Econometric models

 

Title: Vietnam: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Vietnam
Series: Country Report No. 14/311
Date: October 16, 2014
Subject(s): Article IV consultation reports | Economic growth | Public debt | Fiscal policy | Fiscal reforms | Public enterprises | Monetary policy | Bank restructuring | Bank reforms | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Vietnam

 

Title: The Making of a Continental Financial System: Lessons for Europe from Early American History
Author/Editor: Vitor Gaspar
Series: Working Paper No. 14/183
Date: October 15, 2014
Subject(s): Financial systems | United States | Europe | Public debt | Banking crisis | Crisis management | Public financial management | Financial stability | Political economy

 

Title: Republic of Korea: Financial Sector Assessment Program-Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision
Series: Country Report No. 14/310
Date: October 14, 2014
Subject(s): Financial Sector Assessment Program | Banking sector | Basel Core Principles | Bank supervision | Reports on the Observance of Standards and Codes | Korea, Republic of

 

Title: Republic of Korea: Financial Sector Assessment Program-Detailed Assessment of Compliance on the IOSCO Objectives and Principles of Securities Regulation
Series: Country Report No. 14/309
Date: October 14, 2014
Subject(s): Financial Sector Assessment Program | Securities markets | Securities regulations | Reports on the Observance of Standards and Codes | Korea, Republic of

 

Title: Republic of Korea: Financial Sector Assessment Program-Detailed Assessment of Compliance on the CPSS-IOSCO Principles for Financial Market Infrastructures—BOK-WIRE+ and KRX CPP
Series: Country Report No. 14/308
Date: October 14, 2014
Subject(s): Financial Sector Assessment Program | Capital markets | Payment systems | Financial institutions | Core Principles for Systemically Important Payment Systems | Reports on the Observance of Standards and Codes | Korea, Republic of

 

Title: Annual Report on Exchange Arrangements and Exchange Restrictions 2014
Date: October 8, 2014

 

Title: Fiscal Monitor, October 2014: Back to Work: How Fiscal Policy Can Help
Series: Fiscal Monitor
Date: October 8, 2014

 

Title: Global Financial Stability Report, October 2014: Risk Taking, Liquidity, and Shadow Banking: Curbing Excess while Promoting Growth
Series: Global Financial Stability Report
Date: October 8, 2014

 

Title: IMF Financial Operations 2014
Series: 2014
Date: October 7, 2014

 

Title: World Economic Outlook, October 2014: Legacies, Clouds, Uncertainties
Series: World Economic and Financial Surveys
Date: October 7, 2014

 

Title: Myanmar: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Myanmar
Series: Country Report No. 14/307
Date: October 6, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Budget deficits | Financial sector | Bank supervision | Multiple currency practices | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Myanmar

 

Title: Portugal: Fiscal Transparency Evaluation
Series: Country Report No. 14/306
Date: October 6, 2014
Subject(s): Fiscal transparency | Fiscal policy | Budgets | Budgeting | Fiscal risk | Risk management | Technical Assistance | Portugal

 

Title: Central African Economic and Monetary Community (CEMAC) Selected Issues
Series: Country Report No. 14/305
Date: October 6, 2014
Subject(s): Liquidity management | Banks | Monetary policy | Public investment | Infrastructure | Economic growth | Global competitiveness | Financial sector | Access to capital markets | Staff Reports | Selected Issues Papers | Central African Economic and Monetary Community

 

Title: The Federal Democratic Republic of Ethiopia: Selected Issues Paper
Series: Country Report No. 14/304
Date: October 3, 2014
Subject(s): Development | Asia | Export competitiveness | Public investment | Infrastructure | Private sector | Cross country analysis | Selected Issues Papers | Ethiopia

 

Title: The Federal Democratic Republic of Ethiopia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia
Series: Country Report No. 14/303
Date: October 3, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Public enterprises | Private sector | Monetary policy | Exchange rate assessments | Reserves adequacy | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Press releases | Ethiopia

 

Title: International Monetary Fund Annual Report 2014: Financial Statements
Series: 2014
Date: October 3, 2014
Subject(s): Annual reports | Executive Board | Financial statements

 

Title: Kenya: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Kenya
Series: Country Report No. 14/302
Date: October 2, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Reserves adequacy | Banks | Capital markets | Exchange rate assessments | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Kenya

 

Title: Emerging Market Volatility: Lessons from The Taper Tantrum
Author/Editor: Ratna Sahay ; Vivek B. Arora ; Athanasios V Arvanitis ; Hamid Faruqee ; Papa N'Diaye ; Tommaso Mancini Griffoli
Series: Staff Discussion Notes No. 14/9
Date: October 2, 2014
Subject(s): Emerging markets | International capital market volatility | Capital flows | Monetary policy | Macroprudential Policy | United States | Developed countries

 

Title: Fiscal Multipliers: Size, Determinants, and Use in Macroeconomic Projections
Author/Editor: Nicoletta Batini ; Luc Eyraud ; Lorenzo Forni ; Anke Weber
Series: Technical Notes and Manuals No. 14/4
Date: October 2, 2014

 
 
September 2014
 

Title: Democratic Republic of the Congo: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Democratic Republic of the Congo
Series: Country Report No. 14/301
Date: September 30, 2014
Subject(s): Article IV consultation reports | Economic growth | Mining sector | Fiscal policy | Natural resources | Fiscal transparency | Fiscal reforms | Financial stability | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Democratic Republic of the Congo

 

Title: Sierra Leone: Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access and Modification of Performance Criteria and Financing Assurances Review-Staff Report; Press Release; and Statement by the Executive Director for Sierra Leone
Series: Country Report No. 14/300
Date: September 29, 2014
Subject(s): Extended Credit Facility | Economic conditions | Current account deficits | Balance of payments need | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Performance criteria modifications | Sierra Leone

 

Title: Liberia: Ad Hoc Review Under the Extended Credit Facility Arrangement and Request for Augmentation of Access and Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Liberia
Series: Country Report No. 14/299
Date: September 29, 2014
Subject(s): Extended Credit Facility | Economic conditions | Current account deficits | Balance of payments need | Economic indicators | Staff Reports | Letters of Intent | Press releases | Performance criteria modifications | Liberia

 

Title: Guinea: Requests for Disbursement Under the Rapid Credit Facility and for Modification of Performance Criteria Under the Extended Credit Facility Arrangement—Staff Report; Press Release; and Statement by the Executive Director for Guinea
Series: Country Report No. 14/298
Date: September 29, 2014
Subject(s): Rapid Credit Facility | Current account deficits | Balance of payments need | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Extended Credit Facility | Performance criteria modifications | Guinea

 

Title: Food Prices and the Multiplier Effect of Trade Policy
Author/Editor: Paolo Giordani ; Nadia Rocha ; Michele Ruta
Series: Working Paper No. 14/182
Date: September 26, 2014
Subject(s): Food prices | Commodity price shocks | Trade policy | Econometric models

 

Title: St. Kitts and Nevis: Ninth and Final Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, and Proposal for Post-Program Monitoring-Staff Report; Press Release
Series: Country Report No. 14/297
Date: September 26, 2014
Subject(s): Stand-by arrangement reviews | Fiscal policy | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Performance criteria waivers | Post-program monitoring | St. Kitts and Nevis

 

Title: Reforming the Corporate Governance of Italian Banks
Author/Editor: Nadège Jassaud
Series: Working Paper No. 14/181
Date: September 25, 2014
Subject(s): Banks | Italy | Banking sector | Corporate governance | Bank regulations | Bank reforms

 

Title: The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions
Author/Editor: Eugenio Cerutti ; Stijn Claessens
Series: Working Paper No. 14/180
Date: September 25, 2014
Subject(s): Cross-border banking | International banks | Loans | Credit | Supply and demand | Banking systems | Balance sheets | Financial statements

 

Title: How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments
Author/Editor: Julio Escolano ; Laura Jaramillo ; Carlos Mulas-Granados ; G. Terrier
Series: Working Paper No. 14/179
Date: September 25, 2014
Subject(s): Fiscal adjustment | Fiscal consolidation | Debt sustainability | Fiscal stabilization | Econometric models

 

Title: Cabo Verde: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Cabo Verde
Series: Country Report No. 14/296
Date: September 25, 2014
Subject(s): Article IV consultation reports | Economic growth | Tourism | Fiscal consolidation | Fiscal policy | Monetary policy | Reserves | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Cabo Verde

 

Title: Jamaica: Fifth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release
Series: Country Report No. 14/295
Date: September 25, 2014
Subject(s): Extended Credit Facility | Fiscal policy | Debt management | Public sector | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Staff Reports | Letters of Intent | Press releases | Performance criteria modifications | Jamaica

 

Title: Guyana: 2013 Article IV Consultation - Staff Report; Press Release
Series: Country Report No. 14/294
Date: September 25, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal consolidation | Monetary policy | Flexible exchange rate policy | Economic indicators | Bank supervision | Debt sustainability analysis | Staff Reports | Press releases | Guyana

 

Title: Food Inflation in India: The Role for Monetary Policy
Author/Editor: Rahul Anand ; Ding Ding ; Volodymyr Tulin
Series: Working Paper No. 14/178
Date: September 24, 2014
Subject(s): Food prices | India | Inflation | Monetary policy | Econometric models

 

Title: Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions
Author/Editor: Reda Cherif ; Fuad Hasanov
Series: Working Paper No. 14/177
Date: September 24, 2014
Subject(s): Export diversification | Nonoil sector | Cooperation Council for the Arab States of the Gulf | Oil exporting countries | Cross country analysis

 

Title: A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior
Author/Editor: Calixte Ahokpossi ; Laurence Allain ; Giovanna Bua
Series: Working Paper No. 14/176
Date: September 24, 2014
Subject(s): Concessional aid | Conditionality | Low-income developing countries | External borrowing | External debt limits

 

Title: Does the Clarity of Inflation Reports Affect Volatility in Financial Markets?
Author/Editor: Ales Bulir ; Martin Cihak ; David-Jan Jansen
Series: Working Paper No. 14/175
Date: September 24, 2014
Subject(s): Inflation | Central banks | Public information | Capital market volatility | Financial markets

 

Title: Republic of Yemen: 2014 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Yemen
Series: Country Report No. 14/276
Date: September 24, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Extended Credit Facility | Staff Reports | Letters of Intent | Press releases | Extended arrangement requests | Yemen

 

Title: Burundi: 2014 Article IV Consultation, Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility; and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Burundi
Series: Country Report No. 14/293
Date: September 23, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Extended Credit Facility | Staff Reports | Letters of Intent | Press releases | Performance criteria modifications | Burundi

 

Title: Saudi Arabia: 2014 Article IV Consultation-Staff Report; Press Release
Series: Country Report No. 14/292
Date: September 23, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Government expenditures | Debt sustainability | Fiscal reforms | Labor market reforms | Monetary policy | Bank supervision | Exchange rate assessments | Economic indicators | Staff Reports | Press releases | Saudi Arabia

 

Title: Iceland: Technical Assistance Report-Modernizing the Icelandic VAT
Series: Country Report No. 14/291
Date: September 23, 2014
Subject(s): Value added tax | Consumption taxes | Tourism | Sugar | Indirect taxation | Tax reforms | Technical assistance missions | Iceland

 

Title: Sri Lanka: Ex-Post Evaluation of Exceptional Access Under the 2009 Stand-By Arrangement-Staff Report; Press Release; and Statement by the Executive Director for Sri Lanka
Series: Country Report No. 14/290
Date: September 22, 2014
Subject(s): Ex post assessments | Economic conditions | Fiscal consolidation | Tax reforms | Stand-by arrangements | Conditionality | Economic indicators | Staff Reports | Press releases | Sri Lanka

 

Title: Sri Lanka: First Post-Program Monitoring Discussion-Staff Report; Press Release; and Statement by the Executive Director for Sri Lanka
Series: Country Report No. 14/289
Date: September 22, 2014
Subject(s): Post-program monitoring | Economic growth | Monetary policy | Exchange rate depreciation | Foreign exchange reserves | Financial sector | Fiscal policy | Fiscal consolidation | Economic indicators | Staff Reports | Press releases | Sri Lanka

 

Title: Guatemala: Selected Issues and Analytical Notes
Series: Country Report No. 14/288
Date: September 18, 2014
Subject(s): Monetary policy | Spillovers | United States | Economic growth | Fiscal sustainability | Economic models | Selected Issues Papers | Guatemala

 

Title: Guatemala: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Guatemala
Series: Country Report No. 14/287
Date: September 18, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | Revenue mobilization | Tax reforms | Monetary policy | Economic indicators | Staff Reports | Press releases | Guatemala

 

Title: Sri Lanka: Selected Issues Paper
Series: Country Report No. 14/286
Date: September 18, 2014
Subject(s): Monetary policy | Monetary transmission mechanism | Public debt | Debt reduction | Debt strategy | Selected Issues Papers | Sri Lanka

 

Title: Sri Lanka: 2014 Article IV Consultation and Second Post-Program Monitoring Discussion-Staff Report; Press Release
Series: Country Report No. 14/285
Date: September 18, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Government expenditures | Fiscal consolidation | Monetary policy | Flexible exchange rates | Economic indicators | Debt sustainability analysis | Staff Reports | Post-program monitoring | Press releases | Sri Lanka

 

Title: Italy: Selected Issues Paper
Series: Country Report No. 14/284
Date: September 18, 2014
Subject(s): Government expenditures | Resource allocation | Education | Health care | Financial sector | Banks | Legislation | Selected Issues Papers | Italy

 

Title: Italy: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Italy
Series: Country Report No. 14/283
Date: September 18, 2014
Subject(s): Article IV consultation reports | Economic recovery | Economic growth | Fiscal policy | Labor markets | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Italy

 

Title: How Much Carbon Pricing is in Countries’ Own Interests? The Critical Role of Co-Benefits
Author/Editor: Ian W.H. Parry ; Chandara Veung ; Dirk Heine
Series: Working Paper No. 14/174
Date: September 17, 2014
Subject(s): Greenhouse gas emissions | Fossil fuels | Energy pricing policy | Energy taxes | Climate policy

 

Title: Growth Surprises and Synchronized Slowdowns in Emerging Markets––An Empirical Investigation
Author/Editor: Ghada Fayad ; Roberto Perrelli
Series: Working Paper No. 14/173
Date: September 17, 2014
Subject(s): Economic growth | Emerging markets | China | Fiscal stimulus | Demand | Terms of trade

 

Title: Belize: Selected Issues Paper
Series: Country Report No. 14/281
Date: September 17, 2014
Subject(s): Financial sector | Banks | Bank reforms | Wage bargaining | Public sector | Selected Issues Papers | Belize

 

Title: Belize: 2014 Article IV Consultation-Staff Report; Press Release
Series: Country Report No. 14/280
Date: September 17, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Budgets | Public debt | Public enterprises | Fiscal risk | Bank supervision | Economic indicators | Staff Reports | Press releases | Belize

 

Title: A Quality of Growth Index for Developing Countries: A Proposal
Author/Editor: Montfort Mlachila ; Rene Tapsoba ; Sampawende J.-A. Tapsoba
Series: Working Paper No. 14/172
Date: September 16, 2014
Subject(s): Inclusive growth | Developing countries | Social indicators

 

Title: Chad: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Press Release; and Statement by the Executive Director for Chad
Series: Country Report No. 14/282
Date: September 16, 2014
Subject(s): Extended Credit Facility | Economic growth | Fiscal policy | Government expenditures | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Extended arrangement requests | Chad

 

Title: Bank Ownership and Credit Growth in Emerging Markets During and After the 2008–09 Financial Crisis — A Cross-Regional Comparison
Author/Editor: Guodong Chen ; Yi Wu
Series: Working Paper No. 14/171
Date: September 15, 2014
Subject(s): Bank credit | Asia | Latin America | Central and Eastern Europe | Credit expansion | Emerging markets | Foreign banks | Global Financial Crisis 2008-2009 | Cross country analysis

 

Title: Supervisory Roles in Loan Loss Provisioning in Countries Implementing IFRS
Author/Editor: Ellen Gaston ; Inwon Song
Series: Working Paper No. 14/170
Date: September 15, 2014
Subject(s): Loans | Banks | Bank supervision | Accounting standards | Basel Core Principles

 

Title: Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline
Author/Editor: Connel Fullenkamp ; Céline Rochon
Series: Working Paper No. 14/169
Date: September 15, 2014
Subject(s): Bank capital | Capital regulation | Capital requirements | Bank regulations | Bank supervision | Banking systems

 

Title: Austria: Selected Issues
Series: Country Report No. 14/279
Date: September 15, 2014
Subject(s): Government expenditures | Banking sector | Corporate sector | Household credit | Public sector | Cross country analysis | Selected Issues Papers | Austria

 

Title: Austria: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Austria
Series: Country Report No. 14/278
Date: September 15, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | Labor productivity | Fiscal reforms | Banking sector | Bank restructuring | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Austria

 

Title: Tunisia: Fourth Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Tunisia
Series: Country Report No. 14/277
Date: September 15, 2014
Subject(s): Stand-by arrangement reviews | Economic growth | Fiscal consolidation | Government expenditures | Fiscal reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Letters of Intent | Press releases | Performance criteria modifications | Tunisia

 

Title: Optimal Maturity Structure of Sovereign Debt in Situation of Near Default
Author/Editor: Gabriel Desgranges ; Céline Rochon
Series: Working Paper No. 14/168
Date: September 12, 2014
Subject(s): Sovereign debt | Debt burden | Default | Financial institutions | Econometric models

 

Title: News and Monetary Shocks at a High Frequency: A Simple Approach
Author/Editor: Troy Matheson ; Emil Stavrev
Series: Working Paper No. 14/167
Date: September 12, 2014
Subject(s): Monetary policy | United States | External shocks | Financial markets | Treasury bills and bonds | Bond yields | Econometric models

 

Title: Financial Inclusion, Growth and Inequality: A Model Application to Colombia
Author/Editor: Izabela Karpowicz
Series: Working Paper No. 14/166
Date: September 12, 2014
Subject(s): Financial services | Colombia | Banks | Income inequality | Economic growth | General equilibrium models

 

Title: Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences?
Author/Editor: Igor Lebrun ; Esther Pérez Ruiz
Series: Working Paper No. 14/165
Date: September 12, 2014
Subject(s): Demand | France | Germany | Belgium | Private consumption | Disposable income | Capital expenditure | Exports | Cross country analysis | Econometric models

 

Title: Budget Institutions in Low-Income Countries: Lessons from G-20
Author/Editor: Sanjeev Gupta ; Sami Yläoutinen
Series: Working Paper No. 14/164
Date: September 11, 2014
Subject(s): Budgets | Budgeting | Fiscal policy | Budget execution | Fiscal reforms | Low-income developing countries | Group of Twenty | Cross country analysis

 

Title: Determinants of Banks' Net Interest Margins in Honduras
Author/Editor: Koffie Ben Nassar ; Edder Martinez ; Anabel Pineda
Series: Working Paper No. 14/163
Date: September 9, 2014
Subject(s): Banking sector | Honduras | Commercial banks | Profit margins | Foreign banks | Bank reforms

 

Title: Sovereign Debt Composition in Advanced Economies: A Historical Perspective
Author/Editor: S. M. Ali Abbas ; Laura Blattner ; Mark De Broeck ; Asmaa El-Ganainy ; Malin Hu
Series: Working Paper No. 14/162
Date: September 9, 2014
Subject(s): Sovereign debt | Debt rescheduling | Debt reduction | Public debt management | Developed countries

 

Title: Angola: Selected Issues Paper
Series: Country Report No. 14/275
Date: September 5, 2014
Subject(s): Economic growth | Current account balances | Exchange rate assessments | Reserves | Reserves adequacy | Asset management | Debt management | Selected Issues Papers | Angola

 

Title: Angola: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Angola
Series: Country Report No. 14/274
Date: September 5, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Public investment | Financial management | Monetary policy | Reserves | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Angola

 

Title: Republic of Congo: Selected Issues
Series: Country Report No. 14/273
Date: September 4, 2014
Subject(s): Banking sector | Access to capital markets | Public investment | Natural resources | Debt sustainability | Fiscal consolidation | Government expenditures | Fiscal policy | Selected Issues Papers | Republic of Congo

 

Title: Republic of Congo: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Congo
Series: Country Report No. 14/272
Date: September 4, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | External borrowing | Financial management | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Republic of Congo

 

Title: Trinidad and Tobago: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Trinidad and Tobago
Series: Country Report No. 14/271
Date: September 3, 2014
Subject(s): Article IV consultation reports | Fiscal policy | Energy sector | Subsidies | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Trinidad and Tobago

 

Title: Switzerland: Technical Note-Oversight, Supervision, and Risk Management of Financial Market Infrastructures
Series: Country Report No. 14/270
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Securities markets | Payment systems | Securities regulations | Capital markets | Risk management | Switzerland

 

Title: Switzerland: Technical Note-Macroprudential Institutional Arrangements and Policies
Series: Country Report No. 14/269
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Macroprudential Policy | Monetary policy | Banking sector | Bank supervision | Switzerland

 

Title: Switzerland: Technical Note-Systemic Risk and Contagion Analysis
Series: Country Report No. 14/268
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Financial sector | Banks | Financial risk | Financial stability | Risk management | Switzerland

 

Title: Switzerland: Technical Note-Stress Testing the Banking System
Series: Country Report No. 14/267
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Banking sector | Liquidity | Stress testing | Switzerland

 

Title: Switzerland: Detailed Assessment of Implementation-IOSCO Objectives and Principles of Securities Regulation
Series: Country Report No. 14/266
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Securities markets | Securities regulations | Reports on the Observance of Standards and Codes | Switzerland

 

Title: Switzerland: Detailed Assessment of Observance-Insurance Core Principles
Series: Country Report No. 14/265
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | Switzerland

 

Title: Switzerland: Detailed Assessment of Compliance-Basel Core Principles for Effective Banking Supervision
Series: Country Report No. 14/264
Date: September 3, 2014
Subject(s): Financial Sector Assessment Program | Banking sector | Basel Core Principles | Bank supervision | Bank resolution | Reports on the Observance of Standards and Codes | Switzerland

 

Title: Iceland: Report on Observance of Standards and Codes (ROSC)
Series: Country Report No. 14/257
Date: September 3, 2014
Subject(s): Banking sector | Basel Core Principles | Bank supervision | Reports on the Observance of Standards and Codes | Iceland

 

Title: Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy
Author/Editor: Fei Han
Series: Working Paper No. 14/161
Date: September 2, 2014
Subject(s): External shocks | Peru | Foreign investment | China | United States | Monetary policy | Dollarization | Small open economies | Economic models

 

Title: Ukraine: First Review Under the Stand-By Arrangement, Requests for Waivers of Nonobservance and Applicability of Performance Criteria, and a Request for Rephasing of the Arrangement; staff Statement; Press Release; and Statement by the Executive Director for Ukraine
Series: Country Report No. 14/263
Date: September 2, 2014
Subject(s): Stand-by arrangement reviews | Fiscal policy | Energy policy | Governance | Transparency | Financial sector | Monetary policy | Staff Reports | Press releases | Phasing of purchases | Performance criteria waivers | Ukraine

 

Title: Czech Republic: 2014 Article IV Consultation - Staff Report; Press Release; and Statement by the Executive Director for the Czech Republic
Series: Country Report No. 14/256
Date: September 2, 2014
Subject(s): Article IV consultation reports | Economic recovery | Fiscal policy | Labor markets | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Czech Republic

 

Title: Slovak Republic: Selected Issues
Series: Country Report No. 14/255
Date: September 2, 2014
Subject(s): Economic integration | European Economic and Monetary Union | External shocks | Spillovers | Business cycles | Commercial banks | Banking sector | Selected Issues Papers | Slovak Republic

 

Title: Slovak Republic: 2014 Article IV Consultation - Staff Report; and Press Release
Series: Country Report No. 14/254
Date: September 2, 2014
Subject(s): Article IV consultation reports | Economic growth | Fiscal consolidation | Fiscal policy | Unemployment | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Slovak Republic