Title: The Role of Subordinated Debt in Market Discipline: The Case of Emerging Markets
Author/Editor: Karacadag, Cem ; Shrivastava, Animesh
Series: Working Paper No. 00/215
Date: December, 1 2000

Title: Depositor Behavior and Market Discipline in Colombia
Author/Editor: Barajas, Adolfo ; Steiner, Roberto
Series: Working Paper No. 00/214
Date: December, 1 2000

Title: Issues in the Unification of Financial Sector Supervision
Author/Editor: Abrams, Richard K. ; Taylor, Michael
Series: Working Paper No. 00/213
Date: December, 1 2000

Title: "Measuring Integrated Market and Credit Risks in Bank Portfolios: An Application to a Set of Hypothetical Banks Operation in South Africa"
Author/Editor: Barnhill, Theodore M. ; Papapanagiotou, Panagiotis ; Schumacher, Liliana
Series: Working Paper No. 00/212
Date: December, 1 2000

Title: An Incentive Approach to Identifying Financial System Vulnerabilities
Author/Editor: Chai, Jingqing ; Johnston, R. B.
Series: Working Paper No. 00/211
Date: December, 1 2000

Title: The U.K. Business Cycle, Monetary Policy, and EMU Entry
Author/Editor: Kontolemis G., Zenon ; Samiei, Hossein
Series: Working Paper No. 00/210
Date: December, 1 2000

Title: Financial Development and Economic Growth: An Overview
Author/Editor: Khan, Mohsin S. ; Senhadji Semlali, A.
Series: Working Paper No. 00/209
Date: December, 1 2000

Title: Will the Emergence of the Euro Affect World Commodity Prices?
Author/Editor: Cuddington, John T. ; Liang, Hong
Series: Working Paper No. 00/208
Date: December, 1 2000

Title: Inflation in Albania
Author/Editor: Rother, Philipp C.
Series: Working Paper No. 00/207
Date: December, 1 2000

Title: Day-To-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate
Author/Editor: Bartolini, Leonardo ; Bertola, Giuseppe ; Prati, Alessandro
Series: Working Paper No. 00/206
Date: December, 1 2000

Title: Government Spending, Rights, and Civil Liberties
Author/Editor: de Mello, Luiz ; Sab, Randa
Series: Working Paper No. 00/205
Date: December, 1 2000

Title: Comprehensive Measures of GDP and the Unrecorded Economy
Author/Editor: Bloem, Adriaan M. ; Shrestha, Manik L.
Series: Working Paper No. 00/204
Date: December, 1 2000

Title: El Nino and World Primary Commodity Prices: Warm Water or Hot Air?
Author/Editor: Brunner, Allan D.
Series: Working Paper No. 00/203
Date: December, 1 2000

Title: Measuring Off-Balance-Sheet Leverage
Author/Editor: Breuer, Peter
Series: Working Paper No. 00/202
Date: December, 1 2000

Title: Cooption and Repression in the Soviet Union
Author/Editor: Gershenson, Dmitry ; Grossman, Hershel I.
Series: Working Paper No. 00/201
Date: December, 1 2000

Title: What Happened to Asian Exports During the Crisis?
Author/Editor: Duttagupta, Rupa ; Spilimbergo, Antonio
Series: Working Paper No. 00/200
Date: December, 1 2000

Title: Dual Currency Boards: A Proposal for Currency Stability
Author/Editor: Oppers, Stefan E.
Series: Working Paper No. 00/199
Date: December, 1 2000

Title: A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds
Author/Editor: Borensztein, Eduardo ; Gelos, Gaston
Series: Working Paper No. 00/198
Date: December, 1 2000

Title: Demand-Side Stabilization Policies: What is the Evidence of Their Potential?
Author/Editor: Kandil, Magda E.
Series: Working Paper No. 00/197
Date: December, 1 2000

Title: External Debt Management in Low-Income Countries
Author/Editor: Bangura, Sheku ; Kitabire, Damoni N. ; Powell, Robert
Series: Working Paper No. 00/196
Date: December, 1 2000

Title: Loan Review, Provisioning, and Macroeconomic Linkages
Author/Editor: Cortavarria-Checkley, Luis ; Dziobek, Claudia Helene ; Kanaya, Akihiro ; Song, Inwon
Series: Working Paper No. 00/195
Date: December, 1 2000

Title: The Inverted Fisher Hypothesis: Inflation Forecastability and Asset Substitution"
Author/Editor: Choi, Woon Gyu
Series: Working Paper No. 00/194
Date: December, 1 2000

Title: Explaining Economic Growth with Imperfect Credit Markets
Author/Editor: Carranza, Luis
Series: Working Paper No. 00/193
Date: December, 1 2000

Title: "Northwest of Suez: The 1956 Crisis and the IMF"
Author/Editor: Boughton, James M.
Series: Working Paper No. 00/192
Date: December, 1 2000

Title: Effects of Volatile Asset Prices on Balance of Payments and International Investment Position
Author/Editor: Committeri, Marco
Series: Working Paper No. 00/191
Date: November, 1 2000

Title: Emerging Market Spreads: Then Versus Now
Author/Editor: Mauro, Paolo ; Sussman, Nathan ; Yafeh, Yishay
Series: Working Paper No. 00/190
Date: November, 1 2000

Title: To "B" or not to "B": A Welfare Analysis of Breaking Up Monopolies in an Endogenous Growth Model
Author/Editor: Xie, Danyang
Series: Working Paper No. 00/189
Date: November, 1 2000

Title: Endogenous Money Supply and Money Demand
Author/Editor: Choi, Woon Gyu ; Oh, Seonghwan
Series: Working Paper No. 00/188
Date: November, 1 2000

Title: Poverty, Inequality, and Unethical Behavior of the Strong
Author/Editor: Hillman, Arye L.
Series: Working Paper No. 00/187
Date: November, 1 2000

Title: Transparency in Central Bank Financial Statement Disclosures
Author/Editor: Sullivan, Kenneth
Series: Working Paper No. 00/186
Date: November, 1 2000

Title: How Can Fiscal Policy Help Avert Currency Crises?
Author/Editor: Kopits, George
Series: Working Paper No. 00/185
Date: November, 1 2000

Title: The Asymmetric Effects of Exchange Rate Fluctuations: Theory and Evidence from Developing Countries
Author/Editor: Kandil, Magda E.
Series: Working Paper No. 00/184
Date: November, 1 2000

Title: Optimal Inventory Policies When the Demand Distribution is not Known
Author/Editor: Larson, Erik W. ; Olson, Lars J. ; Sharma, Sunil
Series: Working Paper No. 00/183
Date: November, 1 2000

Title: Corruption, Growth, and Public Finances
Author/Editor: Tanzi, Vito ; Davoodi, Hamid Reza
Series: Working Paper No. 00/182
Date: November, 1 2000

Title: Globalization, Technological Developments, and the Work of Fiscal Termites
Author/Editor: Tanzi, Vito
Series: Working Paper No. 00/181
Date: November, 1 2000

Title: The Cost of Government and the Misuse of Public Assets
Author/Editor: Tanzi, Vito ; Prakash, Tej
Series: Working Paper No. 00/180
Date: November, 1 2000

Title: Inflation, Debt, and Default in a Monetary Union
Author/Editor: Jahjah, Samir
Series: Working Paper No. 00/179
Date: November, 1 2000

Title: Israeli Inflation from an International Perspective
Author/Editor: Fischer, Stanley ; Orsmond, David William Harold
Series: Working Paper No. 00/178
Date: November, 1 2000

Title: International Debt and the Price of Domestic Assets
Author/Editor: Auernheimer, Leonardo ; Garcia-Saltos, Roberto
Series: Working Paper No. 00/177
Date: October, 1 2000

Title: Smuggling, Currency Substitution and Unofficial Dollarization: A Crime-Theoretic Approach
Author/Editor: Mourmouras, Alex ; Russell, Steven
Series: Working Paper No. 00/176
Date: October, 1 2000

Title: Trade and Domestic Financial Market Reform Under Political Uncertainty--Implications for Investment, Savings, and the Real Exchange Rate
Author/Editor: Bhattacharya, Rina
Series: Working Paper No. 00/175
Date: October, 1 2000

Title: Voting on the "Optimal" Size of Government
Author/Editor: Olters, Jan-Peter
Series: Working Paper No. 00/174
Date: October, 1 2000

Title: The Disappearing Tax Base: Is Foreign Direct Investment (FDI) Eroding Corporate Income Taxes?
Author/Editor: Gropp, Reint ; Kostial, Kristina
Series: Working Paper No. 00/173
Date: October, 1 2000

Title: Good, Bad or Ugly? On The Effects of Fiscal Rules with Creative Accounting
Author/Editor: Milesi-Ferretti, Gian Maria
Series: Working Paper No. 00/172
Date: October, 1 2000

Title: Pension Reform, Private Saving, and the Current Account in a Small Open Economy
Author/Editor: Schimmelpfennig, Axel
Series: Working Paper No. 00/171
Date: October, 1 2000

Title: Fiscal Policy Through Time-Varying Tax Rates: If and How
Author/Editor: Kaufman, Martin David
Series: Working Paper No. 00/170
Date: October, 1 2000

Title: Tales From Two Neighbors: Productivity Growth in Canada and the United States
Author/Editor: Cerisola, Martin D. ; Chan-Lau, Jorge A.
Series: Working Paper No. 00/169
Date: October, 1 2000

Title: Does IMF Financing Result in Moral Hazard?
Author/Editor: Lane, Timothy D. ; Phillips, Steven
Series: Working Paper No. 00/168
Date: October, 1 2000

Title: The Plutocratic Bias in the CPI: Evidence from Spain
Author/Editor: Ruiz Castillo, Javier ; Ley, Eduardo ; Izquierdo, Mario
Series: Working Paper No. 00/167
Date: October, 1 2000

Title: Health Care and Its Financing in Italy: Issues and Reform Options
Author/Editor: Reviglio, Franco
Series: Working Paper No. 00/166
Date: October, 1 2000

Title: The Effects of Monetary and Fiscal Policy on Aggregate Demand in a Small Open Economy: An Application of the Structural Error Correction Model
Author/Editor: Konuki, Tetsuya
Series: Working Paper No. 00/165
Date: October, 1 2000

Title: The Impact of Tax and Welfare Policies on Employment and Unemployment in OECD Countries
Author/Editor: Disney, Richard
Series: Working Paper No. 00/164
Date: October, 1 2000

Title: Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention
Author/Editor: Bartolini, Leonardo ; Bertola, Giuseppe ; Prati, Alessandro
Series: Working Paper No. 00/163
Date: October, 1 2000

Title: Forecasting Inflation in Chile Using State-Space and Regime-Switching Models
Author/Editor: Nadal-De Simone, Francisco
Series: Working Paper No. 00/162
Date: October, 1 2000

Title: Technological Adaptation, Trade, and Growth
Author/Editor: Chong, Alberto ; Zanforlin, L.
Series: Working Paper No. 00/161
Date: October, 1 2000

Title: The Russian Default and the Contagion to Brazil
Author/Editor: Baig, Taimur ; Goldfajn, Ilan
Series: Working Paper No. 00/160
Date: October, 1 2000

Title: An Interest Rate Defense of a Fixed Exchange Rate?
Author/Editor: Flood, Robert P. ; Jeanne, Olivier
Series: Working Paper No. 00/159
Date: October, 1 2000

Title: Inflation Targeting Under Potential Output Uncertainty
Author/Editor: Gaiduch, Victor ; Hunt, Ben
Series: Working Paper No. 00/158
Date: October, 1 2000

Title: What Caused the 1991 Currency Crisis in India?
Author/Editor: Cerra, Valerie ; Saxena, Sweta Chaman
Series: Working Paper No. 00/157
Date: October, 1 2000

Title: Inside the Crisis - An Empirical Analysis of Banking Systems in Distress
Author/Editor: Demirgüç-Kunt, Asli ; Detragiache, Enrica ; Gupta, Poonam
Series: Working Paper No. 00/156
Date: August, 1 2000

Title: Determinants of Barter in Russia - An Empirical Analysis
Author/Editor: Commander, Simon ; Tytell, Irina ; Mumssen, Christian
Series: Working Paper No. 00/155
Date: August, 1 2000

Title: Capital Markets and External Current Accounts - What to Expect from the Euro
Author/Editor: Decressin, Jörg ; Disyatat, Piti
Series: Working Paper No. 00/154
Date: August, 1 2000

Title: Chile's Rapid Growth in the 1990s-Good Policies, Good Luck, or Political Change?
Author/Editor: Jadresic, Esteban ; Zahler, Roberto
Series: Working Paper No. 00/153
Date: August, 1 2000

Title: External Capital Structure-Theory and Evidence
Author/Editor: Lane, Philip R. ; Milesi-Ferretti, Gian Maria
Series: Working Paper No. 00/152
Date: August, 1 2000

Title: Population Aging and Global Capital Flows in a Parallel Universe
Author/Editor: Brooks, Robin
Series: Working Paper No. 00/151
Date: August, 1 2000

Title: Should Subsidized Private Transfers Replace Government Social Insurance?
Author/Editor: Chami, Ralph ; Fullenkamp, Connel
Series: Working Paper No. 00/150
Date: August, 1 2000

Title: The Case Against Harry Dexter White: Still Not Proven
Author/Editor: Boughton, James M.
Series: Working Paper No. 00/149
Date: August, 1 2000

Title: How Does U.S. Monetary Policy Influence Economic Conditions in Emerging Markets?
Author/Editor: Arora, Vivek B. ; Cerisola, Martin D.
Series: Working Paper No. 00/148
Date: August, 1 2000

Title: The Benefits and Costs of Intervening in Banking Crises
Author/Editor: Frydl, Edward J. ; Quintyn, Marc
Series: Working Paper No. 00/147
Date: August, 1 2000

Title: Determinants of Dollarization - The Banking Side
Author/Editor: Catão, Luis ; Terrones, Marco
Series: Working Paper No. 00/146
Date: August, 1 2000

Title: Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons
Author/Editor: Drummond, Paulo Flavio Nacif
Series: Working Paper No. 00/145
Date: August, 1 2000

Title: Filtering the BEER - A Permanent and Transitory Decomposition
Author/Editor: Clark, Peter B. ; MacDonald, Ronald
Series: Working Paper No. 00/144
Date: August, 1 2000

Title: Predictable Movements in Yen/DM Exchange Rates
Author/Editor: Kongsamut, Qingying
Series: Working Paper No. 00/143
Date: August, 1 2000

Title: Domestic Competition, Cyclical Fluctuations, and Long-Run Growth in Hong Kong SAR
Author/Editor: Zitzewitz, Eric
Series: Working Paper No. 00/142
Date: August, 1 2000

Title: The Impact of Monetary Policy on the Exchange Rate - Evidence from Three Small Open Economies
Author/Editor: Zettelmeyer, Jeromin
Series: Working Paper No. 00/141
Date: August, 1 2000

Title: Selected Issues Concerning Monetary Policy and Institutional Design for Central Banks - A Review of Theories
Author/Editor: Beddies, Christian H.
Series: Working Paper No. 00/140
Date: August, 1 2000

Title: Reforming Pensions - Myths, Truths, and Policy Choices
Author/Editor: Barr, N. A.
Series: Working Paper No. 00/139
Date: August, 1 2000

Title: The Facts About Time-to-Build
Author/Editor: Koeva Brooks, Petya
Series: Working Paper No. 00/138
Date: August, 1 2000

Title: Wage Flexibility and Economic Performance - Evidence Across Industrial Countries
Author/Editor: Kandil, Magda E.
Series: Working Paper No. 00/137
Date: August, 1 2000

Title: What Should Macroeconomists Know About Health Care Policy-A Primer
Author/Editor: Hsiao, William C.
Series: Working Paper No. 00/136
Date: July, 1 2000

Title: The Breakdown of Credit Relations Under Conditions of a Banking Crisis - A Switching Regime Approach
Author/Editor: Muñoz, Sònia
Series: Working Paper No. 00/135
Date: July, 1 2000

Title: Exchange Rate Regime Transitions
Author/Editor: Masson, Paul R.
Series: Working Paper No. 00/134
Date: July, 1 2000

Title: Fiscal Policy and Growth in the Context of European Integration
Author/Editor: Masson, Paul R.
Series: Working Paper No. 00/133
Date: July, 1 2000

Title: Corruption, Structural Reforms, and Economic Performance in the Transition Economies
Author/Editor: Abed, George T. ; Davoodi, Hamid Reza
Series: Working Paper No. 00/132
Date: July, 1 2000

Title: The Currency Composition of Foreign Exchange Reserves - Retrospect and Prospect
Author/Editor: Eichengreen, Barry J. ; Mathieson, Donald J.
Series: Working Paper No. 00/131
Date: July, 1 2000

Title: Evidence on the Fiscal and Macroeconomic Impact of Privatization
Author/Editor: Barnett, Steven
Series: Working Paper No. 00/130
Date: July, 1 2000

Title: Can Fiscal Decentralization Strengthen Social Capital?
Author/Editor: de Mello, Luiz
Series: Working Paper No. 00/129
Date: July, 1 2000

Title: Real Effective Exchange Rate and the Constant Elasticity of Substitution Assumption
Author/Editor: Spilimbergo, Antonio ; Vamvakidis, Athanasios
Series: Working Paper No. 00/128
Date: July, 1 2000

Title: Determinants of Inflation in the Islamic Republic of Iran-A Macroeconomic Analysis
Author/Editor: Liu, O. ; Adedeji, Olumuyiwa
Series: Working Paper No. 00/127
Date: July, 1 2000

Title: Life-Cycles, Dynasties, Savings: Implications for Closed and Small, Open Economies
Author/Editor: Faruqee, Hamid ; Laxton, Douglas
Series: Working Paper No. 00/126
Date: July, 1 2000

Title: Costly Collateral and the Public Supply of Liquidity
Author/Editor: Schellekens, Philip
Series: Working Paper No. 00/125
Date: July, 1 2000

Title: Cost of Living Adjustment and Business Cycles: Disaggregated Evidence
Author/Editor: Kandil, Magda E.
Series: Working Paper No. 00/124
Date: July, 1 2000

Title: The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates
Author/Editor: Lane, Philip R. ; Milesi-Ferretti, Gian Maria
Series: Working Paper No. 00/123
Date: June, 1 2000

Title: Exchange-Rate-Based Stabilization: A Model of Financial Fragility
Author/Editor: Sobolev, Yuri Vladimirovich
Series: Working Paper No. 00/122
Date: June, 1 2000

Title: Convergence of Per Capita Output Levels Across Regions of Bangladesh, 1982-97
Author/Editor: Hossain, Md. Akhtar
Series: Working Paper No. 00/121
Date: June, 1 2000

Title: Money Demand in Guyana
Author/Editor: Egoumé-Bossogo, Philippe
Series: Working Paper No. 00/119
Date: June, 1 2000

Title: Optimal Fiscal Strategy for Oil Exporting Countries
Author/Editor: Engel, Eduardo ; Valdés, Rodrigo O.
Series: Working Paper No. 00/118
Date: June, 1 2000

Title: Inequality, Transfers and Growth - New Evidence from the Economic Transition in Poland
Author/Editor: Keane, Michael P. ; Prasad, Eswar
Series: Working Paper No. 00/117
Date: June, 1 2000

Title: Corruption and the Provision of Health Care and Education Services
Author/Editor: Gupta, Sanjeev ; Davoodi, Hamid Reza ; Tiongson, Erwin
Series: Working Paper No. 00/116
Date: June, 1 2000

Title: Demographic Change in Asia - The Impact on Optimal National Saving, Investment, and the Current Account
Author/Editor: Bésanger, Serge ; Guest, Ross ; McDonald, Ian
Series: Working Paper No. 00/115
Date: June, 1 2000

Title: The Corporate Sector Dynamics of Systemic Financial Crises
Author/Editor: Stone, Mark R.
Series: Working Paper No. 00/114
Date: June, 1 2000

Title: Fiscal Reform Over Ten Years of Transition
Author/Editor: Tanzi, Vito ; Tsibouris, George C.
Series: Working Paper No. 00/113
Date: June, 1 2000

Title: Review of the Experience with Oil Stabilization and Savings Funds in Selected Countries
Author/Editor: Fasano-Filho, Ugo
Series: Working Paper No. 00/112
Date: June, 1 2000

Title: Bidding Behavior in Treasury Bill Auctions - Evidence from Pakistan
Author/Editor: Hardy, Daniel C. L.
Series: Working Paper No. 00/111
Date: June, 1 2000

Title: Threshold Effects in the Relationship Between Inflation and Growth
Author/Editor: Khan, Mohsin S. ; Senhadji Semlali, A.
Series: Working Paper No. 00/110
Date: June, 1 2000

Title: Budgetary Convergence in the WAEMU - Adjustment Through Revenue or Expenditure?
Author/Editor: Dore, Ousmane ; Nachega, Jean-Claude
Series: Working Paper No. 00/109
Date: June, 1 2000

Title: Real Exchange Rate Response to Capital Flows in Mexico - An Empirical Analysis
Author/Editor: Dabós, Marcelo P. ; Juan-Ramon, V. Hugo
Series: Working Paper No. 00/108
Date: June, 1 2000

Title: Managing Financial Crises - The Experience in East Asia
Author/Editor: Boorman, Jack ; Lane, Timothy D. ; Schulze-Gattas, Marianne ; Bulir, Ales ; Ghosh, Atish R. ; Hamann, A. Javier ; Mourmouras, Alex ; Phillips, Steven
Series: Working Paper No. 00/107
Date: June, 1 2000

Title: A Game-Theoretic Analysis of Corruption in Bureaucracies
Author/Editor: Dabla-Norris, Era
Series: Working Paper No. 00/106
Date: June, 1 2000

Title: Global Financial Crises - Institutions and Incentives
Author/Editor: Kumar, Manmohan S. ; Masson, Paul R. ; Miller, Marcus
Series: Working Paper No. 00/105
Date: June, 1 2000

Title: The Impact of Intersectoral Labor Reallocation on Economic Growth
Author/Editor: Poirson, Hélène
Series: Working Paper No. 00/104
Date: June, 1 2000

Title: Do Asset Prices in Transition Countries Contain Information About Future Economic Activity?
Author/Editor: Christoffersen, Peter F. ; Sløk, Torsten
Series: Working Paper No. 00/103
Date: June, 1 2000

Title: Indonesia - Implementing National Policies in a Decentralized Context - Special Purpose Programs to Protect the Poor
Author/Editor: Ahmad, Ehtisham ; Leruth, Luc
Series: Working Paper No. 00/102
Date: June, 1 2000

Title: International Spillovers of Macroeconomic Shocks - A Quantitative Exploration
Author/Editor: Laxton, Douglas ; Prasad, Eswar
Series: Working Paper No. 00/101
Date: June, 1 2000

Title: Globalization and Catching-Up - From Recession to Growth in Transition Economies
Author/Editor: Kolodko, Gregorz W.
Series: Working Paper No. 00/100
Date: June, 1 2000

Title: Real Exchange Rates and Productivity - Closed-Form Solutions and Some Empirical Evidence
Author/Editor: Begum, Jahanara
Series: Working Paper No. 00/99
Date: June, 1 2000

Title: Turkmenistan - The Burden of Current Agricultural Policies
Author/Editor: Pastor, Gonzalo C. ; van Rooden, Ron
Series: Working Paper No. 00/98
Date: June, 1 2000

Title: Currency Boards, Credibility, and Macroeconomic Behavior
Author/Editor: Rivera-Batiz, Luis ; Sy, Amadou N. R.
Series: Working Paper No. 00/97
Date: June, 1 2000

Title: Aftermath of Banking Crises - Effects on Real and Monetary Variables
Author/Editor: Gupta, Poonam
Series: Working Paper No. 00/96
Date: June, 1 2000

Title: The Yen-Dollar Rate - Have Interventions Mattered?
Author/Editor: Ramaswamy, Ramana ; Samiei, Hossein
Series: Working Paper No. 00/95
Date: June, 1 2000

Title: Factor Reallocation and Growth in Developing Countries
Author/Editor: Poirson, Hélène
Series: Working Paper No. 00/94
Date: June, 1 2000

Title: The New Capital Adequacy Framework - Institutional Constraints and Incentive Structures
Author/Editor: Karacadag, Cem ; Taylor, Michael
Series: Working Paper No. 00/93
Date: June, 1 2000

Title: Financial Institutions, Financial Contagion, and Financial Crises
Author/Editor: Huang, Haizhou ; Xu, Chenggang
Series: Working Paper No. 00/92
Date: May, 1 2000

Title: Czech Koruna and Polish Zloty Currency Options - Information Contnent and EU-Accession Implications
Author/Editor: Méndez Morales, Armando
Series: Working Paper No. 00/91
Date: June, 1 2000

Title: Bank Failures and Fiscal Austerity - Policy Presecriptions for a Developing Country
Author/Editor: Feltenstein, Andrew
Series: Working Paper No. 00/90
Date: May, 1 2000

Title: Stock Returns and Output Growth in Emerging and Advanced Economies
Author/Editor: Mauro, Paolo
Series: Working Paper No. 00/89
Date: April, 1 2000

Title: Spillovers Through Banking Centers - A Panel Data Analysis
Author/Editor: van Rijckeghem, Caroline ; Weder, Beatrice
Series: Working Paper No. 00/88
Date: May, 1 2000

Title: Capital Mobility and the Output-Inflation Tradeoff
Author/Editor: Loungani, Prakash ; Razin, Assaf ; Yuen, Chi-Wa
Series: Working Paper No. 00/87
Date: May, 1 2000

Title: Centripetal Forces in China's Economic Take-off
Author/Editor: Dayal-Gulati, Anuradha ; Husain, Aasim M.
Series: Working Paper No. 00/86
Date: May, 1 2000

Title: Real Effects of High Inflation
Author/Editor: Braumann, Benedikt
Series: Working Paper No. 00/85
Date: April, 1 2000

Title: Sex Discrimination and Growth
Author/Editor: Esteve-Volart, Berta
Series: Working Paper No. 00/84
Date: April, 1 2000

Title: VIVAT, CVAT, and All That - New Forms of Value-Added Tax for Federal Systems
Author/Editor: Keen, Michael
Series: Working Paper No. 00/83
Date: April, 1 2000

Title: Social Fractionalization, Political Instability, and the Size of Government
Author/Editor: Annett, Anthony
Series: Working Paper No. 00/82
Date: April, 1 2000

Title: Assessing Fiscal Sustainability in Theory and Practice
Author/Editor: Chalk, Nigel Andrew ; Hemming, Richard
Series: Working Paper No. 00/81
Date: April, 1 2000

Title: Seasonality and Capacity - An Application to Italy
Author/Editor: De Blasio, Guido ; Mini, Federico
Series: Working Paper No. 00/80
Date: April, 1 2000

Title: Emergency Liquidity Support Facilities
Author/Editor: He, Dong
Series: Working Paper No. 00/79
Date: March, 1 2000

Title: Rural Poverty in Developing Countries--Issues and Policies
Author/Editor: Khan, Mahmood Hasan
Series: Working Paper No. 00/78
Date: April, 1 2000

Title: How Accurate Are Private Sector Forecasts--Cross-Country Evidence from Consensus Forecasts of Output Growth
Author/Editor: Loungani, Prakash
Series: Working Paper No. 00/77
Date: April, 1 2000

Title: Assessing Financial System Vulnerabilities
Author/Editor: Johnston, R. B. ; Chai, Jingqing ; Schumacher, Liliana
Series: Working Paper No. 00/76
Date: April, 1 2000

Title: A Simple Model of an International Lender of Last Resort
Author/Editor: Goodhart, C. A. E. ; Huang, Haizhou
Series: Working Paper No. 00/75
Date: April, 1 2000

Title: Social Capital and Civil Society
Author/Editor: Fukuyama, Francis
Series: Working Paper No. 00/74
Date: March, 1 2000

Title: Caribbean Approaches to Economic Stabilization
Author/Editor: Hilaire, Alvin
Series: Working Paper No. 00/73
Date: March, 1 2000

Title: Terms of Trade Shocks in Africa - Are They Short-Lived or Long-Lived?
Author/Editor: Cashin, Paul ; Pattillo, Catherine A.
Series: Working Paper No. 00/72
Date: April, 1 2000

Title: Financial Market Spillovers in Transition Economies
Author/Editor: Gelos, Gaston ; Sahay, Ratna
Series: Working Paper No. 00/71
Date: March, 1 2000

Title: Institutions Matter in Transition, but so do Policies
Author/Editor: Havrylyshyn, Oli ; van Rooden, Ron
Series: Working Paper No. 00/70
Date: March, 1 2000

Title: Using Credit Ratings for Capital Requirements on Lending to Emerging Market Economies - Possible Impact of a New Basel Accord
Author/Editor: Mulder, Christian B. ; Monfort, Brieuc
Series: Working Paper No. 00/69
Date: March, 1 2000

Title: Banks and Monetary Shocks in Emerging Markets - How Far Can We Go With the "Credit View"?
Author/Editor: Catão, Luis ; Rodriguez, Sergio L.
Series: Working Paper No. 00/68
Date: March, 1 2000

Title: Currency Crises - In Search of Common Elements
Author/Editor: Aziz, Jahangir ; Caramazza, Francesco ; Salgado, Ranil
Series: Working Paper No. 00/67
Date: March, 1 2000

Title: Central Banks Use of Derivatives and Other Contingent Liabilities - Analytical Issues and Policy Implications
Author/Editor: Bléjer, Mario I. ; Schumacher, Liliana
Series: Working Paper No. 00/66
Date: March, 1 2000

Title: Auction Quotas with a Foreign Duopoly
Author/Editor: Tan, Ling Hui
Series: Working Paper No. 00/65
Date: March, 1 2000

Title: "Does 'Grease Money' Speed Up the Wheels of Commerce?"
Author/Editor: Kaufmann, Daniel ; Wei, Shang-Jin
Series: Working Paper No. 00/64
Date: March, 1 2000

Title: Misalignment and Managed Exchange Rates - An Application to the Thai Baht
Author/Editor: Lim, G. C.
Series: Working Paper No. 00/63
Date: March, 1 2000

Title: Income Distribution and Tax and Government Social Spending Policies in Developing Countries
Author/Editor: Chu, Ke-young ; Davoodi, Hamid Reza ; Gupta, Sanjeev
Series: Working Paper No. 00/62
Date: March, 1 2000

Title: Welfare Effects of Uzbekistan's Foreign Exchange Regime
Author/Editor: Rosenberg, Christoph B. ; de Zeeuw, Maarten
Series: Working Paper No. 00/61
Date: March, 1 2000

Title: Contagion, Monsoons, and Domestic Turmoil in Indonesia - A Case Study in the Asian Currency Crisis
Author/Editor: Cerra, Valerie ; Saxena, Sweta Chaman
Series: Working Paper No. 00/60
Date: March, 1 2000

Title: Alternative Methods of Estimating Potential Output and the Output Gap - An Application to Sweden
Author/Editor: Cerra, Valerie ; Saxena, Sweta Chaman
Series: Working Paper No. 00/59
Notes: Sweta Chaman Saxena is from the University of Pittsburgh.
Date: March, 1 2000

Title: Relative Prices, Inflation and Core Inflation
Author/Editor: Roger, Scott
Series: Working Paper No. 00/58
Date: March, 1 2000

Title: Deposit Insurance and Crisis Management
Author/Editor: Garcia, G. G.
Series: Working Paper No. 00/57
Date: March, 1 2000

Title: Monetary and Fiscal Coordination in Small Open Economies
Author/Editor: Worrell, DeLisle
Series: Working Paper No. 00/56
Date: March, 1 2000

Title: Trade and Financial Contagion in Currency Crises
Author/Editor: Caramazza, Francesco ; Ricci, Luca Antonio ; Salgado, Ranil
Series: Working Paper No. 00/55
Date: March, 1 2000

Title: Comparative Macroeconomic Dynamics in the Arab World - A Panel VAR Approach
Author/Editor: Kireyev, Alexei
Series: Working Paper No. 00/54
Date: March, 1 2000

Title: Unionization and Strategic Trade Policy
Author/Editor: Swagel, Phillip ; Tan, Ling Hui
Series: Working Paper No. 00/53
Date: March, 1 2000

Title: A Framework for Assessing Fiscal Vulnerability
Author/Editor: Hemming, Richard ; Petrie, Murray
Series: Working Paper No. 00/52
Date: March, 1 2000

Title: The Complier Pays Principle - The Limits of Fiscal Approaches Toward Sustainable Forest Management
Author/Editor: Leruth, Luc ; Paris, R. ; Ruzicka, I.
Series: Working Paper No. 00/51
Date: March, 1 2000

Title: The Pros and Cons of Full Dollarization
Author/Editor: Berg, Andrew ; Borensztein, Eduardo
Series: Working Paper No. 00/50
Date: March, 1 2000

Title: The Impact of Ethnic Heterogeneity on the Quantity and Quality of Public Spending
Author/Editor: Kuijs, Louis
Series: Working Paper No. 00/49
Date: March, 1 2000

Title: herd Behavior in Financial Markets - A Review
Author/Editor: Bikhchandani, Sushil ; Sharma, Sunil
Series: Working Paper No. 00/48
Date: March, 1 2000

Title: Compliance with IMF Program Indicators and Growth in Transition Economies
Author/Editor: Mercer-Blackman, Valerie ; Unigovskaya, Anna
Series: Working Paper No. 00/47
Date: March, 1 2000

Title: Medium-Term Determinants of Current Accounts in Industrial and Developing Countries - An Empirical Exploration
Author/Editor: Chinn, Menzie David ; Prasad, Eswar
Series: Working Paper No. 00/46
Date: February, 1 2000

Title: Dynamic Gains from Trade - Evidence from South Africa
Author/Editor: Jonsson, Gunnar ; Subramanian, Arvind
Series: Working Paper No. 00/45
Date: March, 1 2000

Title: Globalization and Growth in the Twentieth Century
Author/Editor: Crafts, N. F. R.
Series: Working Paper No. 00/44
Date: March, 1 2000

Title: The International Monetary System in the (Very) Long Run
Author/Editor: Eichengreen, Barry J. ; Sussman, Nathan
Series: Working Paper No. 00/43
Date: March, 1 2000

Title: Educational Choices and Educational Constraints - Evidence from Bolivia
Author/Editor: Inchauste, Gabriela
Series: Working Paper No. 00/42
Date: February, 1 2000

Title: Demographic Transition in the Middle East - Implications for Growth, Employment, and Housing
Author/Editor: Dhonte, Pierre ; Bhattacharya, Rina ; Yousef, Tarik
Series: Working Paper No. 00/41
Date: February, 1 2000

Title: Retarding Short-Term Capital Inflows Through Withholding Tax
Author/Editor: Zee, Howell H.
Series: Working Paper No. 00/40
Date: February, 1 2000

Title: Currency Crisis and Contagion - Evidence from Exchange Rates and Sectoral Stock Indices of the Philippines and Thailand
Author/Editor: Nagayasu, Jun
Series: Working Paper No. 00/39
Date: February, 1 2000

Title: Financial Liberalization, Bank Market Structure, and Financial Deepening - An Interest Margin Analysis
Author/Editor: Sarr, Abdourahmane
Series: Working Paper No. 00/38
Date: March, 1 2000

Title: Concordance in Business Cycles
Author/Editor: McDermott, C. John ; Scott, Alasdair
Series: Working Paper No. 00/37
Date: March, 1 2000

Title: The Role of the State and the Quality of the Public Sector
Author/Editor: Tanzi, Vito
Series: Working Paper No. 00/36
Date: February, 1 2000

Title: Tax Policy for Emerging Markets - Developing Countries
Author/Editor: Tanzi, Vito ; Zee, Howell H.
Series: Working Paper No. 00/35
Date: February, 1 2000

Title: Toward a Framework for Systemic Liquidity Policy
Author/Editor: Dziobek, Claudia Helene ; Hobbs, J. Kimball ; Marston, David
Series: Working Paper No. 00/34
Date: January, 1 2000

Title: Two Approaches to Resolving Nonperforming Assets During Financial Crises
Author/Editor: Woo, D.
Series: Working Paper No. 00/33
Date: February, 1 2000

Title: The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union - A View from the Supply Side
Author/Editor: de Broeck, Mark ; Koen, Vincent
Series: Working Paper No. 00/32
Date: February, 1 2000

Title: Trade Policy in Financial Services
Author/Editor: Tamirisa, Natalia T. ; Sorsa, Piritta ; Bannister, Geoffrey J. ; McDonald, Bradley J. ; Wieczorek, Jaroslaw
Series: Working Paper No. 00/31
Date: February, 1 2000

Title: The Transition Economies After Ten Years
Author/Editor: Fischer, Stanley ; Sahay, Ratna
Series: Working Paper No. 00/30
Date: February, 1 2000

Title: The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies
Author/Editor: Berg, Andrew ; Borensztein, Eduardo
Series: Working Paper No. 00/29
Date: February, 1 2000

Title: Devaluation Expectations and the Stock Market - The Case of Mexico in 1994/95
Author/Editor: Becker, Törbjörn I. ; Gelos, Gaston ; Richards, Anthony J.
Series: Working Paper No. 00/28
Date: January, 1 2000

Title: Estimation of Trade Protection in Middle East and North African Countries
Author/Editor: Oliva, Maria-Angels
Series: Working Paper No. 00/27
Date: February, 1 2000

Title: Shadow Economies Around the World - Size, Causes, and Consequences
Author/Editor: Schneider, Friedrich ; Enste, Dominik
Series: Working Paper No. 00/26
Date: January, 1 2000

Title: Financial Crisis and Credit Crunch in Korea - Evidence from Firm-Level Data
Author/Editor: Borensztein, Eduardo ; Lee, Jong-Wha
Series: Working Paper No. 00/25
Date: January, 1 2000

Title: A Framework for Price Statistics
Author/Editor: Zieschang, Kimberly D.
Series: Working Paper No. 00/24
Date: January, 1 2000

Title: Corruption and Military Spending
Author/Editor: Gupta, Sanjeev ; de Mello, Luiz ; Sharan, Raju
Series: Working Paper No. 00/23
Date: January, 1 2000

Title: The Unbearable Stability of the German Wage Structure - Evidence and Interpretation
Author/Editor: Prasad, Eswar
Series: Working Paper No. 00/22
Date: January, 1 2000

Title: Monetary Policy in Transition - The Case of Mongolia
Author/Editor: Sløk, Torsten
Series: Working Paper No. 00/21
Date: January, 1 2000

Title: Bad Dreams Under Alternative Anchors - Are the Consequences Different?
Author/Editor: Auernheimer, Leonardo ; George, Susan Mary
Series: Working Paper No. 00/20
Date: January, 1 2000

Title: The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries
Author/Editor: Basurto, Gabriela ; Ghosh, Atish R.
Series: Working Paper No. 00/19
Date: January, 1 2000

Title: What Will Happen to Financial Markets When the Baby Boomers Retire?
Author/Editor: Brooks, Robin
Series: Working Paper No. 00/18
Date: January, 1 2000

Title: International Trade and Productivity Growth - Exploring the Sectoral Effects for Developing Countries
Author/Editor: Choudhri, Ehsan U. ; Hakura, Dalia
Series: Working Paper No. 00/17
Date: January, 1 2000

Title: Pension System Viability and Reform Alternatives in the Czech Republic
Author/Editor: Laursen, Thomas
Series: Working Paper No. 00/16
Date: January, 1 2000

Title: Composition of Government Expenditure, Human Capital Accumulation, and Welfare
Author/Editor: Matovu, John
Series: Working Paper No. 00/15
Date: January, 1 2000

Title: Taxes and Tradable Permits as Instruments for Controlling Pollution: Theory and Practice
Author/Editor: Norregaard, John ; Reppelin-Hill, Valérie
Series: Working Paper No. 00/13
Date: January, 1 2000

Title: Globalization and the Future of Social Protection
Author/Editor: Tanzi, Vito
Series: Working Paper No. 00/12
Date: January, 1 2000

Title: Public Capital and Output Growth in Portugal - An Empirical Analysis
Author/Editor: Ligthart, Johanna Elisabeth
Series: Working Paper No. 00/11
Date: January, 1 2000

Title: Intra-Arab Trade - Is It Too Little?
Author/Editor: Al-Atrash, Hassan ; Yousef, Tarik
Series: Working Paper No. 00/10
Date: January, 1 2000

Title: Deposit-Refund on Labor - A Solution to Equilibrium Unemployment?
Author/Editor: Heijdra, Ben J. ; Ligthart, Johanna Elisabeth
Series: Working Paper No. 00/9
Date: January, 1 2000

Title: The Role of Human Capital in Economic Growth - The Case of Spain
Author/Editor: Fernandez, Enric ; Mauro, Paolo
Series: Working Paper No. 00/8
Date: January, 1 2000

Title: The Japanese Banking Crisis of the 1990s - Sources and Lessons
Author/Editor: Kanaya, Akihiro ; Woo, D.
Series: Working Paper No. 00/7
Date: January, 1 2000

Title: The "Soaring Eagle" - Anatomy of the Polish Take-Off in the 1990s
Author/Editor: de Broeck, Mark ; Koen, Vincent
Series: Working Paper No. 00/6
Date: January, 1 2000

Title: Product Variety and Economic Growth - Empirical Evidence for the OECD Countries
Author/Editor: Funke, Michael
Series: Working Paper No. 00/5
Date: January, 1 2000

Title: Identifying Domestic and Imported Core Inflation
Author/Editor: Bjørnland, Hilde C.
Series: Working Paper No. 00/4
Date: January, 1 2000

Title: Does Deposit Insurance Increase Banking System Stability?
Author/Editor: Demirgüç-Kunt, Asli ; Detragiache, Enrica
Series: Working Paper No. 00/3
Date: January, 1 2000

Title: Property Prices and Speculative Bubbles - Evidence from Hong Kong SAR
Author/Editor: Duenwald, Christoph
Series: Working Paper No. 00/2
Date: January, 1 2000

Title: Improving Governance and Fighting Corruption in the Baltic and CIS Countries - The Role of the IMF
Author/Editor: Wolf, Thomas A. ; Gürgen, Emine
Series: Working Paper No. 00/1
Date: January, 1 2000