## IMF Staff Papers, Volume 51, No. 2

_IMF Staff Papers, July 29, 2004_

## Source details

**Canonical URL:** [IMF Staff Papers, Volume 51, No. 2](https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-51-no-17083)

## Other formats

- [Markdown version](/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-51-no-17083/index.md)
- [Structured JSON version](/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-51-no-17083/index.json)
- [Bundle manifest](/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-51-no-17083/bundle-manifest.json)

## Bibliographic details
- Published: July 29, 2004
- Series: IMF Staff Papers
- Volume: 51
- DOI: https://doi.org/10.5089/9781589063235.024

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### Issue overview
- Publication date: July 29, 2004
- This second issue for 2004 contains 8 new papers.
- Notable contributions and paper themes:
  - Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization.
  - Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets.
  - Papers examining German wage structures.
  - Papers examining contagion in equity markets (bear market contagion, bull market contagion).
  - Papers on export orientation and productivity in Sub-Saharan Africa.
  - Papers on the role of higher vs. basic education in economic development.
  - Papers on issues related to capital account liberalization.

### Subjects and keywords covered in the issue
- Subjects:
  - Balance of payments
  - Capital account
  - Capital account liberalization
  - Education
  - Financial markets
  - Production
  - Productivity
  - Stock markets
  - Wages
- Keywords:
  - Africa
  - Asia and Pacific
  - bear market contagion
  - bull market contagion
  - Capital account
  - Capital account liberalization
  - capital account openness
  - East Asia
  - Europe
  - Global
  - no-arbitrage band
  - Productivity
  - productivity premium
  - SP
  - Stock markets
  - Sub-Saharan Africa

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_Source: https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-51-no-17083_