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IMF Staff Papers Logo    Last updated: December 2003
Volume 50, Number 3

Table of Contents

An Unbiased Appraisal of Purchasing Power Parity
Paul Cashin and C. John McDermott

Is Africa Integrated in the Global Economy?
Arvind Subramanian and Natalia T. Tamirisa

The High-Yield Spread as a Predictor of Real Economic Activity: Evidence of a Financial Accelerator for the United States
Ashoka Mody and Mark P. Taylor

The Art of Making Everybody Happy: How to Prevent a Secession
Michel Le Breton and Shlomo Weber

Rationing Rules and Outcomes: The Experience of Singapore's Vehicle Quota System
Ling Hui Tan

"Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China
Andrew Feltenstein and Saleh M. Nsouli

Structural Vulnerabilities and Currency Crises
Swati R. Ghosh and Atish R. Ghosh

Volume 50 Index