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Economic Issues

Papers on a wide range of topics written in concise, nontechnical language

February 09, 2016


Public Investment and Public-Private Partnerships, Economic Issues 40, June 13, 2007

Description: ... the status of claims on beneficiaries, and update the forecast of new guarantees
to be issued in the ... Economic Issue No ... The Economic Issues Series ...
Date: June 13, 2007
Type: PDF Size: 130 KB
Note: More information on this title


Integrating Poor Countries into the World Trading System: IMF Economic Issues No. 37; April 6 , 2006

Description: ... and the strengthening of domestic tax systems, and that the revenue problem
deserves more ... Economic Issue No. ... The Economic Issues Series 11. ...
Date: April 06, 2006
Type: PDF Size: 112 KB

Accountability Arrangements for Financial Sector Regulators: Eva Hüpkes, Marc Quintyn, and Michael W. Taylor; Economic Issues 39; March 16, 2006

Description: ... individuals or companies, such as issuing or withdrawing ... should consult
frequently with supervised institutions on policy issues. ... Economic Issue No ...
Date: March 16, 2006
Type: PDF Size: 144 KB

Moving to a Flexible Exchange Rate: How, When, and How Fast?; Rupa Duttagupta, Gilda Fernandez, and Cem Karacadag; Economic Issues 38; January 9, 2006

Description: ... the Philippines and Turkey, issued statements and ... paper on which this
Economic Issue is based. The IMF launched the Economic Issues series in ...
Date: January 09, 2006
Type: PDF Size: 131 KB


Preserving Financial Stability; Garry Schinasi; Economic Issues 36; September 2005

Description: ... Economic Issues are short, nontechnical monographs on topical issues
written for the nonspecialist reader. ... Economic Issue No. ...
Date: September 01, 2005
Type: PDF Size: 138 KB

Economic Issues No. 35 - Financial Reform: What Shakes It? What Shapes It?

Description: This paper studies how large a role different types of events play in triggering reform and how the type of event influences the timing of reform.
Date: June 30, 2005
Type: HTML Size: 145 KB

Economic Issues No. 34 - Can Debt Relief Boost Growth in Poor Countries?

Description: An analysis of the debt/growth relationship in low-income countries could therefore be especially useful in assessing the effectiveness of the HIPC Initiative in enhancing growth.
Date: June 01, 2005
Type: HTML Size: 45 KB


Economic Issues No. 33 - Educating Children in Poor Countries

Description: The problem in many developing countries is that governments lack either the financial resources or the political will to meet their citizens' educational needs. In response, poor parents in some low income countries have organized and paid for their children's education themselves. It is true that school fees and other user payments are a heavy burden for some parents to bear. But, given the alternative—children receiving no education at all—such payments can represent a temporary, if less than ideal, solution to the problem.
Date: April 29, 2004
Type: HTML Size: 43 KB

Economic Issues No. 32 - Should Financial Sector Regulators Be Independent?

Description: ... This Economic Issue is based on IMF Working ... politicians for expansionary
economic policies that ... powerful, raising serious issues of accountability. ...
Date: March 08, 2004
Type: HTML Size: 48 KB


Economic Issues No. 31 - Corporate Sector Restructuring: The Role of Government in Times of Crisis

Description: Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups.
Date: August 24, 2002
Type: HTML Size: 66 KB

Economic Issues No. 28--Moral Hazard: Does IMF Financing Encourage Imprudence by Borrowers and Lenders?

Description: This Economic Issue is based on IMF Working Paper WP/00/168, Does IMF Financing Result in Moral Hazard?, October 2000...
Date: May 03, 2002
Type: HTML Size: 36 KB

Economic Issues No. 29--The Pension Puzzle: Prerequisites and Policy Choices in Pension Design

Description: This Economic Issue draws on material originally contained in IMF Working Paper 00/139, "Reforming Pensions: Myths, Truths, and Policy Choices," August 2000...
Date: April 20, 2002
Type: HTML Size: 50 KB

Economic Issues No. 30 -- Hiding in the Shadows : The Growth of the Underground Economy

Description: This Economic Issue is based on IMF Working Paper 00/26, "Shadow Economies Around the World: Size, Causes, and Consequences," February 2000...
Date: April 20, 2002
Type: HTML Size: 40 KB


Economic Issues No. 26--Rural Poverty in Developing Countries: Implications for Public Policy

Description: This pamphlet examines how rural poverty develops, what accounts for its persistence, and what specific measures can be taken to eliminate or reduce it.
Date: March 13, 2001
Type: HTML Size: 34 KB

Economic Issues No. 25--Controlling Pollution: Using Taxes and Tradable Permits

Description: This pamphlet provides a practical review of country experiences with the main focus on green taxes broadly defined. There seems to be little consensus on what constitutes an environmental tax, however.
Date: March 09, 2001
Type: HTML Size: 31 KB

Economic Issues No. 24 -- Full Dollarization

Description: This pamphlet focuses on full dollarization, or one country officially adopting the currency of another for all financial transactions, except perhaps the need for coins.
Date: March 08, 2001
Type: HTML Size: 46 KB

Economic Issues No. 27 -- Tax Policy for Developing Countries

Description: Why do we have taxes? Until someone comes up with a better idea, taxation is the only practical means of raising the revenue to finance government spending on the goods and services that most of us demand.Developing countries face formidable challenges when they attempt to establish efficient tax systems. This pamphlet addresses some of these challenges.
Date: March 01, 2001
Type: HTML Size: 45 KB


Economic Issues No. 23--Promoting Growth in Sub-Saharan Africa

Description: This pamphlet presents the results of an empirical analysis of the factors affecting economic growth in sub-Saharan Africa, using data for the period 1981–97 and a sample of 32 countries.
Date: October 02, 2000
Type: HTML Size: 31 KB

Economic Issues No. 22 -- The Challenge of Predicting Economic Crises

Description: The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises.
Date: September 22, 2000
Type: HTML Size: 34 KB

Economic Issues No. 21--Improving Governance and Fighting Corruption in the Baltic and CIS Countries: The Role of the IMF

Description: In the late 1980s and early 1990s, some 25 countries began their dramatic transformation into market-based economies by liberalizing prices, dismantling the remaining instruments of Soviet-type central planning, and starting fundamental structural economic reforms.
Date: July 24, 2000
Type: HTML Size: 41 KB


Economic Issues No. 19 -- Hedge Funds: What Do We Really Know?

Description: Discusses the size, number, and investment styles of hedge funds, and their interactions with global financial markets. It reviews the present state of their supervision and regulation, and assesses various suggestions for regulating them more closely, often as part of new regulatory approaches to the larger financial markets of which hedge funds are but a small part.
Date: September 27, 1999
Type: HTML Size: 49 KB

Economic Issues No. 17 -- Liberalizing Capital Movements: Some Analytical Issues

Description: Addresses the potential gains and risks of open capital markets by looking at what classical economic theory suggests about the benefits of capital mobility and examining counterarguments arising from problems of incomplete information and other distortions.
Date: August 02, 1999
Type: HTML Size: 40 KB

Economic Issues No. 16 -- Should Equity Be a Goal of Economic Policy?

Description: Equity issues are especially knotty because they are inextricably intertwined with social values. Nonetheless, economic policymakers are devoting greater attention to them.
Date: January 22, 1999
Type: HTML Size: 33 KB


Economic Issues No. 14 -- Lessons from Systemic Bank Restructuring

Description: This Economic Issue explains which practices lead to successful restructuring. It then relates illustrative cases of several countries' restructurings.
Date: May 15, 1998
Type: HTML Size: 53 KB

Economic Issues No. 13 -- Fixed or Flexible?--Getting the Exchange Rate Right in the 1990s

Description: This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made the transition from fixed or pegged exchange rates to managed floating or independently floating currencies. It discusses how economies perform under different exchange rate arrangements, issues in the choice of regime, and the challenges posed by a world of increasing capital mobility, especially when banking sectors are inadequately regulated or supervised.
Date: April 17, 1998
Type: HTML Size: 46 KB

Economic Issues No. 12 Roads to Nowhere: How Corruption in Public Investment Hurts Growth

Description: In some countries corrupt politicians appear to choose investment projects not on the basis of their intrinsic economic worth, but on the opportunity for bribes and kickbacks these projects present. This paper contends that such corruption increases the number of capital projects undertaken and tends to enlarge their size and complexity.
Date: March 31, 1998
Type: HTML Size: 31 KB


Economic Issues 11--Does Globalization Lower Wages and Export Jobs?

Description: There is no doubt that globalization has coincided with higher unemployment among the less skilled and with widening income inequality. But did it cause these phenomena, as many claim, or should we look to other factors, such as advances in technology?...
Date: September 27, 1997
Type: HTML Size: 35 KB

Economic Issues 8 -- Why Is China Growing So Fast?

Description: Although capital accumulation--the growth in the country's stock of capital assets, such as new factories, manufacturing machinery, and communications systems--was important, as were the number of Chinese workers, a sharp, sustained increase in productivity was the driving force behind the economic boom.
Date: June 15, 1997
Type: HTML Size: 28 KB

Economic Issues No. 6 -- Why Worry About Corruption?

Description: This paper focuses exclusively on corrupt public practices--illegal activities that reduce the economic efficiency of governments. It does not address private corruption, such as that practiced on individuals and private enterprises by organized crime.
Date: February 24, 1997
Type: HTML Size: 35 KB


Economic Issues 1 -- Growth in East Asia

Description: The spectacular growth of many economies in East Asia over the past 30 years has amazed the economics profession, which inevitably refers to the success of the so-called Four Tigers of the region (Hong Kong, Korea, Singapore, and Taiwan Province of China) as miraculous. This paper critically reviews the reasons alleged for this extraordinary growth. It weighs arguments in the debate over factor accumulation versus technical progress, the role of public policy, the contribution of investments and exports, and the influence of initial conditions on subsequent growth.
Date: September 12, 1996
Type: HTML Size: 53 KB

Economic Issues 2--Does the Exchange Rate Regime Matter for Inflation and Growth?

Description: Although the theoretical relationships are ambiguous, evidence suggests a strong link between the choice of the exchange rate regime and economic performance. The paper argues that adopting a pegged exchange rate can lead to lower inflation, but also to slower growth in productivity. It finds that on average per capita GDP growth was slightly faster under floating regimes than under pegged exchange regimes.
Date: September 12, 1996
Type: HTML Size: 34 KB