Recent IMF Publications


July 2015
 

Title: Designing Legal Frameworks for Public Debt Management
Author/Editor: Elsie Addo Awadzi
Series: Working Paper No. 15/147
Date: July 2, 2015

 

Title: Greece: Preliminary Draft Debt Sustainability Analysis
Series: Country Report No. 15/165
Date: July 2, 2015

 

Title: Republic of Croatia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia
Series: Country Report No. 15/163
Date: July 2, 2015

 

Title: Pakistan: Seventh Review Under the Extended Arrangement and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan
Series: Country Report No. 15/162
Date: July 2, 2015

 
 
June 2015
 

Title: Designing Effective Macroprudential Stress Tests : Progress So Far and the Way Forward
Author/Editor: Dimitri G. Demekas
Series: Working Paper No. 15/146
Date: June 30, 2015

 

Title: How Does Post-Crisis Bank Capital Adequacy Affect Firm Investment?
Author/Editor: Yangfan Sun ; Hui Tong
Series: Working Paper No. 15/145
Date: June 30, 2015

 

Title: A New Methodology for Estimating the Output Gap in the United States
Author/Editor: Ali Alichi
Series: Working Paper No. 15/144
Date: June 30, 2015

 

Title: The Macroeconomic Relevance of Credit Flows : An Exploration of U.S. Data
Author/Editor: Alexander Herman ; Deniz Igan ; Juan Sole
Series: Working Paper No. 15/143
Date: June 30, 2015

 

Title: Systemic Risk : A New Trade-off for Monetary Policy?
Author/Editor: Stefan Laseen ; Andrea Pescatori ; Jarkko Turunen
Series: Working Paper No. 15/142
Date: June 30, 2015

 

Title: Philippines: Fiscal Transparency Evaluation
Series: Country Report No. 15/156
Date: June 30, 2015

 

Title: Oman: Report on the Observance of Standards and Codes (ROSC)—Data Module
Series: Country Report No. 15/159
Date: June 29, 2015
Subject(s): Data quality assessment framework | National accounts | Consumer price indexes | Producer price indexes | Government finance statistics | Monetary statistics | External sector | Statistics | General Data Dissemination System | Reports on the Observance of Standards and Codes | Oman

 

Title: Global Financial Spillovers to Emerging Market Sovereign Bond Markets
Author/Editor: Christian Ebeke ; Annette Kyobe
Series: Working Paper No. 15/141
Date: June 26, 2015
Subject(s): Bond markets | Foreign investment | Bond yields | External shocks | Spillovers | Emerging markets

 

Title: Assessing Default Risks for Chinese Firms : A Lost Cause?
Author/Editor: Daniel Law ; Shaun K. Roache
Series: Working Paper No. 15/140
Date: June 26, 2015
Subject(s): Default | China | Corporate sector | Public non-financial corporations | Credit risk

 

Title: Does Easing Monetary Policy Increase Financial Instability?
Author/Editor: Ambrogio Cesa-Bianchi ; Alessandro Rebucci
Series: Working Paper No. 15/139
Date: June 26, 2015
Subject(s): Monetary policy | Macroprudential Policy | United States | Real interest rates | Automatic stabilizers | Financial stability | Econometric models

 

Title: Republic of Serbia: First Review Under the Stand-By Arrangement-Press Release and Staff Report
Series: Country Report No. 15/161
Date: June 26, 2015
Subject(s): Stand-by arrangement reviews | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Balance of payments statistics | Letters of Intent | Staff Reports | Press releases | Serbia

 

Title: Iceland: Sixth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland
Series: Country Report No. 15/160
Date: June 26, 2015
Subject(s): Post-program monitoring | Labor markets | Wage increases | Inflation | Monetary policy | Fiscal policy | Capital account liberalization | Financial sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Iceland

 

Title: Estimation and out-of-sample Prediction of Sudden Stops : Do Regions of Emerging Markets Behave Differently from Each Other?
Author/Editor: Fabio Comelli
Series: Working Paper No. 15/138
Date: June 25, 2015
Subject(s): Capital flows | Sudden stops | Emerging markets | Regional economics | Sensitivity analysis | Parameter estimation | Cross country analysis

 

Title: What Really Drives Public Debt : A Holistic Approach
Author/Editor: Pablo Anaya ; Alex Pienkowski
Series: Working Paper No. 15/137
Date: June 25, 2015
Subject(s): Public debt | Sovereign debt | Developed countries | Monetary policy | Cross country analysis | Econometric models

 

Title: The Journey to Inflation Targeting : Easier Said than Done The Case for Transitional Arrangements along the Road
Author/Editor: Bernard Laurens ; Kelly Eckhold ; Darryl King ; Nils Øyvind Mæhle ; Abdul Naseer ; Alain Durré
Series: Working Paper No. 15/136
Date: June 25, 2015
Subject(s): Inflation targeting | Monetary policy | Monetary aggregates | Economic analysis

 

Title: Building Resilience in Sub-Saharan Africa's Fragile States
Author/Editor: E. Gelbard ; Corinne Deléchat ; Ejona Fuli ; Mumtaz Hussain ; Ulrich Jacoby ; Dafina Mulaj ; Marco Pani ; Gustavo Ramirez ; Rui Xu
Series: African Departmental Paper No. 15/5
Date: June 25, 2015
Subject(s): Political economy | Sub-Saharan Africa | Rwanda | Mozambique | Congo, Democratic Republic of the | Central African Republic | Ethiopia | Mali | Sierra Leone | Fiscal policy | Fiscal reforms | Stabilization measures | Economic growth | Cross country analysis

 

Title: Lower for Longer : Neutral Rates in the United States
Author/Editor: Andrea Pescatori ; Jarkko Turunen
Series: Working Paper No. 15/135
Date: June 24, 2015
Subject(s): Interest rates | United States | Monetary policy | Econometric models

 

Title: Avoiding Dark Corners : A Robust Monetary Policy Framework for the United States
Author/Editor: Ali Alichi ; Kevin Clinton ; Charles Freedman ; Ondra Kamenik ; Michel Juillard ; Douglas Laxton ; Jarkko Turunen ; Hou Wang
Series: Working Paper No. 15/134
Date: June 24, 2015
Subject(s): Monetary policy | United States | Interest rates | Monetary policy instruments | Inflation targeting | Econometric models

 

Title: Global Food Prices and Domestic Inflation : Some Cross-Country Evidence
Author/Editor: Davide Furceri ; Prakash Loungani ; John Simon ; Susan Wachter
Series: Working Paper No. 15/133
Date: June 24, 2015
Subject(s): Food prices | External shocks | Inflation | Developed countries | Emerging markets | Cross country analysis

 

Title: Inflation-Forecast Targeting : Applying the Principle of Transparency
Author/Editor: Kevin Clinton ; Charles Freedman ; Michel Juillard ; Ondra Kamenik ; Douglas Laxton ; Hou Wang
Series: Working Paper No. 15/132
Date: June 24, 2015
Subject(s): Inflation targeting | Monetary policy | Transparency | Central banks | Economic forecasting | Econometric models

 

Title: Haiti: Selected Issues
Series: Country Report No. 15/158
Date: June 24, 2015
Subject(s): Economic growth | Government expenditures | Education | Public enterprises | Electric power | Infrastructure | Pensions | Monetary policy | Selected Issues Papers | Haiti

 

Title: Haiti: 2015 Staff Report for the Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility - Press Release; Staff Report; and Statement by the Executive Director for Haiti
Series: Country Report No. 15/157
Date: June 24, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Reserves | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Extended Credit Facility | Extended arrangement requests | Haiti

 

Title: The Leap of the Tiger : How Malaysia Can Escape the Middle-Income Trap
Author/Editor: Reda Cherif ; Fuad Hasanov
Series: Working Paper No. 15/131
Date: June 23, 2015
Subject(s): National income | Malaysia | Economic growth | Productivity | Technological innovation | Korea, Republic of | Taiwan Province of China | Cross country analysis

 

Title: Unveiling the Effects of Foreign Exchange Intervention : A Panel Approach
Author/Editor: Gustavo Adler ; Noemie Lisack ; Rui Mano
Series: Working Paper No. 15/130
Date: June 23, 2015
Subject(s): Foreign exchange intervention | Exchange rates | Nominal effective exchange rate | Exchange rate depreciation | Panel analysis

 

Title: Monetary Policy in India : Transmission to Bank Interest Rates
Author/Editor: Sonali Das
Series: Working Paper No. 15/129
Date: June 23, 2015
Subject(s): Monetary policy | India | Monetary transmission mechanism | Banking sector | Interest rates | Econometric models | Error analysis

 

Title: Cyprus: Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Cyprus
Series: Country Report No. 15/155
Date: June 23, 2015
Subject(s): Extended Fund Facility | Fiscal policy | Fiscal reforms | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Phasing of purchases | Performance criteria waivers | Extended arrangement reviews | Cyprus

 

Title: Gauging Housing Supply in Canada : A Stock Approach
Author/Editor: Julien Reynaud
Series: Working Paper No. 15/128
Date: June 22, 2015
Subject(s): Housing | Canada | Supply and demand | Housing prices

 

Title: Push Factors and Capital Flows to Emerging Markets : Why Knowing Your Lender Matters More Than Fundamentals
Author/Editor: Eugenio Cerutti ; Stijn Claessens ; Damien Puy
Series: Working Paper No. 15/127
Date: June 22, 2015
Subject(s): Capital flows | Mutual funds | International banks | Emerging markets | Capital inflows | Cross country analysis | Sensitivity analysis

 

Title: Ireland: Third Post-Program Monitoring Discussions-Press Release; and Staff Report
Series: Country Report No. 15/154
Date: June 22, 2015
Subject(s): Post-program monitoring | Economic growth | Public debt | Fiscal policy | Banking sector | Staff Reports | Press releases | Ireland | Housing prices

 

Title: Pension Reforms in Mauritius : Fair and Fast—Balancing Social Protection and Fiscal Sustainability
Author/Editor: Mauricio Soto ; Vimal Thakoor ; Martin Petri
Series: Working Paper No. 15/126
Date: June 19, 2015
Subject(s): Pension reforms | Mauritius | Demographic transition | Aging | Population | Social safety nets | Fiscal sustainability

 

Title: Enhancing Macroeconomic Resilience to Natural Disasters and Climate Change in the Small States of the Pacific
Author/Editor: Ezequiel Cabezon ; Leni Hunter ; Patrizia Tumbarello ; Kazuaki Washimi ; Yiqun Wu
Series: Working Paper No. 15/125
Date: June 19, 2015
Subject(s): Climatic changes | Pacific Island Countries | Small states | Cross country analysis | Risk management | Emergency assistance | Fund role

 

Title: Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States
Author/Editor: Ezequiel Cabezon ; Patrizia Tumbarello ; Yiqun Wu
Series: Working Paper No. 15/124
Date: June 19, 2015
Subject(s): Fiscal framework | Pacific Island Countries | Expenditure efficiency | Fiscal policy | Small states

 

Title: Experiences with Macroprudential Policy—Five Case Studies
Author/Editor: Salim M. Darbar ; Xiaoyong Wu
Series: Working Paper No. 15/123
Date: June 19, 2015
Subject(s): Macroprudential Policy | Hong Kong SAR | Netherlands | New Zealand | Singapore | Sweden | Cross country analysis

 

Title: Zambia: Selected Issues
Series: Country Report No. 15/153
Date: June 16, 2015
Subject(s): Mining sector | Fiscal policy | Oil | Commodity pricing policy | Economic growth | Banking sector | Selected Issues Papers | Zambia

 

Title: Zambia: 2015 IV Article Consultation - Press Release; Staff Report; and Statement by the Executive Director for Zambia
Series: Country Report No. 15/152
Date: June 16, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Financial management | Monetary policy | Bank supervision | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Staff Reports | Press releases | Zambia

 

Title: Mali: Third Review Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria, and Request for Modification of Performance Criteria - Press Release; and Staff Report
Series: Country Report No. 15/151
Date: June 16, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Government expenditures | Revenues | Fiscal reforms | Economic indicators | Millennium Development Goals | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Mali

 

Title: Jamaica: Eighth Review Under the Arrangement Under the Extended Fund Facility and Request for Waiver for the Nonobservance of Performance Criterion and Modification of Performance Criteria; Press Release and Staff Report
Series: Country Report No. 15/150
Date: June 16, 2015
Subject(s): Extended Fund Facility | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Balance of payments statistics | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Jamaica

 

Title: Vanuatu: 2015 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument - Press Release; Staff report; and Statement by the Executive Director for Vanuatu
Series: Country Report No. 15/149
Date: June 16, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Public enterprises | Monetary policy | Banking sector | Economic indicators | Millennium Development Goals | Rapid Financing Instrument | Rapid Credit Facility | Debt sustainability analysis | Staff Reports | Press releases | Vanuatu

 

Title: Causes and Consequences of Income Inequality : A Global Perspective
Author/Editor: Era Dabla-Norris ; Kalpana Kochhar ; Nujin Suphaphiphat ; Frantisek Ricka ; Evridiki Tsounta
Series: Staff Discussion Notes No. 15/13
Date: June 15, 2015
Subject(s): Income inequality | Economic growth | Income distribution | Technological change | Skilled labor | Labor markets | Globalization | Developed countries | Emerging markets | Cross country analysis

 

Title: Poverty, Growth, and Inequality in Sub-Saharan Africa : Did the Walk Match the Talk under the PRSP Approach?
Author/Editor: Daouda Sembene
Series: Working Paper No. 15/122
Date: June 12, 2015
Subject(s): Poverty Reduction Strategy Papers | Sub-Saharan Africa | Economic growth | Poverty and inequality | Poverty reduction strategy | Cross country analysis

 

Title: Côte d'Ivoire: Poverty Reduction Strategy Paper - Executive Summary of Progress Report
Series: Country Report No. 15/148
Date: June 12, 2015
Subject(s): Poverty Reduction Strategy Papers | Governance | Development planning | Agricultural sector | Education | Health care | Transportation | Electric power | Tourism | Côte d'Ivoire

 

Title: Côte d'Ivoire: Seventh Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria - Press Release; and Staff Report
Series: Country Report No. 15/147
Date: June 12, 2015
Subject(s): Extended Credit Facility | Economic growth | Fiscal policy | Budgets | Government expenditures | Debt management | Fiscal reforms | Economic indicators | Balance of payments statistics | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Côte d'Ivoire

 

Title: Brunei Darussalam: Statistical Appendix
Series: Country Report No. 15/146
Date: June 10, 2015
Subject(s): Gross domestic product | Government expenditures | Revenues | Exports | Imports | Financial soundness indicators | Energy sector | Statistical annexes | Brunei Darussalam

 

Title: Luxembourg: Selected Issues
Series: Country Report No. 15/145
Date: June 8, 2015
Subject(s): Tax policy | Tax system reviews | Excise taxes | Value added tax | Banks | Bank supervision | Selected Issues Papers | Luxembourg

 

Title: Luxembourg: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Luxembourg
Series: Country Report No. 15/144
Date: June 8, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Tax policy | Pension reforms | Banking sector | Bank supervision | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Luxembourg | Housing prices

 

Title: Colombia: Selected Issues Paper
Series: Country Report No. 15/143
Date: June 8, 2015
Subject(s): Economic growth | Unemployment | Labor markets | Wages | Public investment | Infrastructure | Selected Issues Papers | Colombia

 

Title: Colombia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Colombia
Series: Country Report No. 15/142
Date: June 8, 2015
Subject(s): Article IV consultation reports | Economic growth | Oil prices | Fiscal policy | Infrastructure | Banking sector | Bank supervision | Credit expansion | Economic indicators | Staff Reports | Press releases | Colombia | Housing prices

 

Title: Is the Glass Half Empty Or Half Full? : Issues in Managing Water Challenges and Policy Instruments
Author/Editor: Kalpana Kochhar ; Catherine A. Pattillo ; Yan Sun ; Nujin Suphaphiphat ; Andrew Swiston ; Robert Tchaidze ; Benedict J. Clements ; Stefania Fabrizio ; Valentina Flamini ; Laure Redifer ; Harald Finger
Series: Staff Discussion Notes No. 15/11
Date: June 8, 2015
Subject(s): Water resources | Economic policy | Subsidies | Water supply | Supply and demand | Policy instruments | Fund role

 

Title: Crime and the Economy in Mexican States : Heterogeneous Panel Estimates (1993-2012)
Author/Editor: Concepción Verdugo Yepes ; Peter L. Pedroni ; Xingwei Hu
Series: Working Paper No. 15/121
Date: June 4, 2015
Subject(s): Regional shocks | Mexico | Foreign direct investment | Migrations | Panel analysis | Structural vector autoregression | Time series

 

Title: Rwanda: Third Review Under the Policy Support Instrument-Press Release; and Staff Report
Series: Country Report No. 15/141
Date: June 3, 2015
Subject(s): Policy Support Instrument | Fiscal policy | Public investment | Infrastructure | Monetary policy | Economic indicators | Letters of Intent | Staff Reports | Press releases | Rwanda

 

Title: Housing Finance and Real-Estate Booms : A Cross-Country Perspective
Author/Editor: Eugenio Cerutti ; Jihad Dagher ; Giovanni Dell'Ariccia
Series: Staff Discussion Notes No. 15/12
Date: June 3, 2015
Subject(s): Mortgages | Housing prices | Real estate prices | Credit expansion | Credit booms | Developed countries | Emerging markets

 

Title: IMF Committee on Balance of Payments Statistics Annual Report 2014
Series: Volume *, 2014
Date: June 3, 2015
Subject(s): Annual reports | Balance of payments statistics

 

Title: An Overview of Islamic Finance
Author/Editor: Mumtaz Hussain ; Asghar Shahmoradi ; Rima Turk
Series: Working Paper No. 15/120
Date: June 2, 2015
Subject(s): Islamic banking | Banks | Financial services industry | Financial instruments | Bonds | Risk management | Financial stability | Monetary policy | Fiscal policy

 

Title: Islamic Republic of Afghanistan: Staff Monitored Program-Press Release; and Staff Report
Series: Country Report No. 15/140
Date: June 2, 2015
Subject(s): Staff-monitored programs | Fiscal reforms | Anti-money laundering | Combating the financing of terrorism | Governance | Monetary policy | Banking sector | Economic indicators | Letters of Intent | Staff Reports | Press releases | Afghanistan

 

Title: When Should Public Debt Be Reduced?
Author/Editor: Jonathan David Ostry ; Atish R. Ghosh ; Raphael A. Espinoza
Series: Staff Discussion Notes No. 15/10
Date: June 2, 2015
Subject(s): Public debt | Public investment | Economic growth | Debt reduction | Developed countries

 

Title: Republic of Lithuania: Selected Issues
Series: Country Report No. 15/139
Date: June 1, 2015
Subject(s): Government expenditures | Education | Health care | Pensions | Wages | Labor productivity | Fiscal reforms | Selected Issues Papers | Lithuania

 

Title: Republic of Lithuania: 2015 Article IV Consultation-Press Release; and Staff Report
Series: Country Report No. 13/138
Date: June 1, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Private investment | Fiscal reforms | Banks | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Lithuania

 

Title: Tunisia: Request for An Extension of the Stand-By Arrangement-Press Release; and Staff Report
Series: Country Report No. 15/135
Date: June 1, 2015
Subject(s): Stand-by arrangement extension | Extended arrangement requests | Staff Reports | Press releases | Tunisia

 
 
May 2015
 

Title: Make in India: Which Exports Can Drive the Next Wave of Growth?
Author/Editor: Rahul Anand ; Kalpana Kochhar ; Saurabh Mishra
Series: Working Paper No. 15/119
Date: May 29, 2015
Subject(s): Exports | India | Manufactured goods | Services | Technological innovation | Foreign direct investment | Regional trade | Trade integration | Trade liberalization | Economic growth

 

Title: Base Erosion, Profit Shifting and Developing Countries
Author/Editor: Ernesto Crivelli ; Ruud A. de Mooij ; Michael Keen
Series: Working Paper No. 15/118
Date: May 29, 2015
Subject(s): Tax bases | Transnational corporations | Corporate profits | Corporate taxes | International taxation | Developing countries | Cross country analysis | Econometric models | Panel analysis

 

Title: Sub-National Government’s Risk Premia: Does Fiscal Performance Matter?
Author/Editor: Sergio Sola ; Geremia Palomba
Series: Working Paper No. 15/117
Date: May 29, 2015
Subject(s): Sovereign risk | Bonds | Risk premium | Fiscal performance | Budget deficits

 

Title: Republic of Belarus: Selected Issues
Series: Country Report No. 15/137
Date: May 29, 2015
Subject(s): Inflation | Exchange rate adjustments | Price controls | Consumer price indexes | Selected Issues Papers | Belarus

 

Title: Republic of Belarus: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Belarus
Series: Country Report No. 15/136
Date: May 29, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Exchange rate adjustments | Flexible exchange rates | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Belarus

 

Title: U.S. Total Factor Productivity Slowdown: Evidence from the U.S. States
Author/Editor: Roberto Cardarelli ; Lusine Lusinyan
Series: Working Paper No. 15/116
Date: May 28, 2015
Subject(s): Total factor productivity | United States | Technological innovation | Industrial efficiency

 

Title: New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations
Author/Editor: Andrea Gamba
Series: Working Paper No. 15/115
Date: May 28, 2015
Subject(s): Energy resources | Jordan | Fossil fuels | Oil prices | Fiscal policy | Natural resource taxation

 

Title: (Not) Dancing Together: Monetary Policy Stance and the Government Spending Multiplier
Author/Editor: Vincent Belinga ; Constant Lonkeng Ngouana
Series: Working Paper No. 15/114
Date: May 27, 2015
Subject(s): Monetary policy | Fiscal policy | Government expenditures | Shock identification | Fiscal stimulus and multipliers | Econometric models | Sensitivity analysis

 

Title: China’s Growth: Can Goldilocks Outgrow Bears?
Author/Editor: Wojciech Maliszewski ; Longmei Zhang
Series: Working Paper No. 15/113
Date: May 27, 2015
Subject(s): Economic growth | China | Business cycles | Total factor productivity | Economic reforms | Econometric models

 

Title: Peru: Selected Issues Paper
Series: Country Report No. 15/134
Date: May 27, 2015
Subject(s): Economic growth | Investment | Real effective exchange rates | Tax system reviews | Taxation | Economic models | Selected Issues Papers | Peru

 

Title: Peru: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru
Series: Country Report No. 15/133
Date: May 27, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Flexible exchange rate policy | Financial system stability assessment | Economic indicators | Staff Reports | Press releases | Peru | Housing

 

Title: Switzerland: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Switzerland
Series: Country Report No. 15/132
Date: May 27, 2015
Subject(s): Article IV consultation reports | Economic growth | Exchange rate appreciation | Financial sector | Banks | Housing | Bank reforms | Monetary policy | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Fiscal policy | Fiscal reforms | Staff Reports | Press releases | Switzerland

 

Title: It’s Not All Fiscal: Effects of Income, Fiscal Policy, and Wealth on Private Consumption
Author/Editor: Laura Jaramillo ; Alexandre Chailloux
Series: Working Paper No. 15/112
Date: May 26, 2015
Subject(s): Private consumption | Income | Fiscal policy | Income distribution | Developed countries | Panel analysis | Econometric models | Time series | Cross country analysis

 

Title: Republic of Korea: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Korea
Series: Country Report No. 15/130
Date: May 22, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Economic indicators | Balance of payments statistics | Staff Reports | Press releases | Korea, Republic of | Housing

 

Title: Republic of Kosovo: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Republic of Kosovo
Series: Country Report No. 15/131
Date: May 21, 2015
Subject(s): Article IV consultation reports | Economic conditions | Fiscal policy | Public sector wages | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Kosovo

 

Title: Reforming Fiscal Governance in the European Union
Author/Editor: Michal Andrle ; John C Bluedorn ; Luc Eyraud ; Tidiane Kinda ; Petya Koeva Brooks ; Gerd Schwartz ; Anke Weber
Series: Staff Discussion Notes No. 15/9
Date: May 21, 2015
Subject(s): Fiscal reforms | Euro Area | European Economic and Monetary Union | Fiscal rules | Fiscal policy

 

Title: Understanding Revenue Administration : An Initial Data Analysis Using the Revenue Administration Fiscal Information Tool
Author/Editor: Andrea Lemgruber ; Andrew Masters ; Duncan Cleary
Series: Fiscal Affairs Departmental Paper No. 15/1
Date: May 20, 2015
Subject(s): Fiscal management | Fiscal policy | Revenues | Tax administration | Tax policy

 

Title: A Network Analysis of Sectoral Accounts: Identifying Sectoral Interlinkages in G-4 Economies
Author/Editor: Luiza Antoun de Almeida
Series: Working Paper No. 15/111
Date: May 19, 2015
Subject(s): Financial sector | United States | Japan | United Kingdom | Euro Area | Nonbank financial sector | Financial instruments | Debt securities | Loans | Stocks | Cross country analysis

 

Title: Assessing Fiscal Risks in Bangladesh
Author/Editor: Leandro Medina
Series: Working Paper No. 15/110
Date: May 19, 2015
Subject(s): Fiscal risk | Bangladesh | External shocks | Commodity prices | Loan guarantees | Pensions | Public debt | External borrowing | Sensitivity analysis

 

Title: Correcting “Beyond the Cycle:” Accounting for Asset Prices in Structural Fiscal Balances
Author/Editor: Estelle X. Liu ; Todd Mattina ; Tigran Poghosyan
Series: Working Paper No. 15/109
Date: May 19, 2015
Subject(s): Asset prices | Structural fiscal balance | Business cycles | Revenues | OECD | Error analysis | Econometric models

 

Title: Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria-Staff Report; and Press Release
Series: Country Report No. 15/129
Date: May 19, 2015
Subject(s): Extended arrangement reviews | Fiscal consolidation | Fiscal reforms | Electric power | Monetary policy | Bank supervision | Economic indicators | Balance of payments statistics | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Albania

 

Title: Saving in Latin America and the Caribbean: Performance and Policies
Author/Editor: Francesco Grigoli ; Alexander Herman ; Klaus Schmidt-Hebbel
Series: Working Paper No. 15/108
Date: May 18, 2015
Subject(s): Savings | Latin America | Caribbean | Private savings | Public sector savings | Terms of trade | Fiscal policy | Monetary policy

 

Title: Islamic Finance, Consumer Protection, and Financial Stability
Author/Editor: Inutu Lukonga
Series: Working Paper No. 15/107
Date: May 18, 2015
Subject(s): Islamic banking | Banks | Financial services industry | Financial regulation and supervision | Financial stability

 

Title: Issuance of Central Bank Securities: International Experiences and Guidelines
Author/Editor: Simon Gray ; Runchana Pongsaparn
Series: Working Paper No. 15/106
Date: May 18, 2015
Subject(s): Central banks | Securities | Bond issues | Excess liquidity | Liquidity management | Monetary policy | Inflation targeting

 

Title: How Large Are Global Energy Subsidies?
Author/Editor: David Coady ; Ian W.H. Parry ; Louis Sears ; Baoping Shang
Series: Working Paper No. 15/105
Date: May 18, 2015
Subject(s): Energy sector | Subsidies | Energy prices | Consumption taxes | Fiscal reforms | Sensitivity analysis

 

Title: Portugal: Selected Issues Paper
Series: Country Report No. 15/127
Date: May 18, 2015
Subject(s): Fiscal reforms | Corporate sector | Debt restructuring | Fiscal policy | Labor markets | Global competitiveness | Selected Issues Papers | Portugal

 

Title: Portugal: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Portugal
Series: Country Report No. 15/126
Date: May 18, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Corporate sector | Debt | Fiscal reforms | Banking sector | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Portugal

 

Title: Federated States of Micronesia: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Federated States of Micronesia
Series: Country Report No. 15/128
Date: May 15, 2015
Subject(s): Article IV consultation reports | Economic growth | Private sector | Fiscal policy | Commercial banks | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Micronesia

 

Title: Dollarization in Sub-Saharan Africa : Experiences and Lessons
Author/Editor: Mauro Mecagni ; Juan S Corrales ; Jemma Dridi ; Rodrigo Garcia-Verdu ; Patrick A. Imam ; Justin Matz ; Carla Macario ; Rodolfo Maino ; Yibin Mu ; Ashwin Moheeput ; Machiko Narita ; Marco Pani ; Manuel Rosales ; Sebastian Weber ; Etienne B. Yehoue
Series: African Departmental Paper No. 15/4
Date: May 15, 2015
Subject(s): Dollarization | Sub-Saharan Africa | Foreign exchange | Foreign currency deposits | Capital controls | Econometric models

 

Title: Chad: Poverty Reduction Strategy Paper-Joint Staff Advisory Note on the 2013 Monitoring Report of the National Development Plan 2013-15
Series: Country Report No. 15/125
Date: May 14, 2015
Subject(s): Poverty Reduction Strategy Papers | Economic growth | Nonoil sector | Fiscal consolidation | Budgets | Environmental protection | Climatic changes | Education | Health care | Development plans | Chad

 

Title: Kyrgyz Republic: Request for a Three-Year Arrangement Under the Extended Credit Facility-Staff Report; and Press Release
Series: Country Report No. 15/113
Date: May 14, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Public investment | Fiscal reforms | Monetary policy | Bank supervision | Exchange rate assessments | Debt sustainability analysis | Economic indicators | Social indicators | Letters of Intent | Staff Reports | Press releases | Kyrgyz Republic

 

Title: Domestic and Foreign Mutual Funds in Mexico: Do They Behave Differently?
Author/Editor: Jasmine Xiao
Series: Working Paper No. 15/104
Date: May 13, 2015
Subject(s): Mutual funds | Mexico | Capital flows | Capital market volatility | Foreign investment | Emerging markets

 

Title: Chad: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document And Multilateral Debt Relief Initiative
Series: Country Report No. 15/124
Date: May 13, 2015
Subject(s): HIPC Initiative | External debt | Multilateral debt relief initiative | Debt management | Debt sustainability analysis | Poverty Reduction Strategy Papers | Staff Reports | Press releases | Chad

 

Title: Chad: First Review Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Request for Modification of Performance Criteria, and Augmentation of Access-Staff Report; Press Release; and Statement by the Executive Director for Chad
Series: Country Report No. 15/123
Date: May 13, 2015
Subject(s): Extended Credit Facility | Fiscal policy | HIPC Initiative | Fiscal reforms | Economic indicators | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Performance criteria waivers | Chad

 

Title: Bulgaria: Selected Issues Paper
Series: Country Report No. 15/120
Date: May 13, 2015
Subject(s): Corporate sector | Debt | Inflation | Deflation | Selected Issues Papers | Bulgaria

 

Title: Bulgaria: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Bulgaria
Series: Country Report No. 15/119
Date: May 13, 2015
Subject(s): Article IV consultation reports | Governance | Fiscal policy | Debt sustainability | Fiscal reforms | Banking sector | Reserves adequacy | Economic indicators | Staff Reports | Press releases | Bulgaria

 

Title: Ireland: Financial Sector Assessment Program-Detailed Assessment of Observance on the Insurance Core Principles
Series: Country Report No. 15/118
Date: May 13, 2015
Subject(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | Ireland

 

Title: Ireland: Report on Observance of Standards and codes (ROSC)
Series: Country Report No. 15/117
Date: May 13, 2015
Subject(s): Insurance | Insurance supervision | Central banks | Bank supervision | Reports on the Observance of Standards and Codes | Ireland

 

Title: Brazil: Selected Issues Paper
Series: Country Report No. 15/122
Date: May 12, 2015
Subject(s): Fiscal policy | Infrastructure | Public investment | Minimum wage | Corporate sector | Exchange markets | Intervention | Monetary policy | Selected Issues Papers | Brazil

 

Title: Brazil: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Brazil
Series: Country Report No. 15/121
Date: May 12, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Public debt | Fiscal consolidation | Fiscal reforms | Monetary policy | Inflation targeting | Exchange markets | Intervention | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Brazil | Housing

 

Title: Morocco: Selected Issues Paper : The Sub-Saharan Expansion of Moroccan Banks: Challenges and Opportunities
Series: Country Report No. 15/106
Date: May 8, 2015
Subject(s): Banking sector | Sub-Saharan Africa | Central bank role | Bank supervision | Financial risk | Risk management | Selected Issues Papers | Morocco

 

Title: Kingdom of the Netherlands-Aruba: 2015 Article IV Consultation Discussions-Staff Report; and Press Release
Series: Country Report No. 15/116
Date: May 7, 2015
Subject(s): Article IV consultation reports | Economic recovery | Tourism | Fiscal policy | Fiscal consolidation | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Aruba | Netherlands

 

Title: Jordan: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria, and Rephasing of Access-Staff Report; Press Release; and Statement by the Executive Director for Jordan
Series: Country Report No. 15/115
Date: May 7, 2015
Subject(s): Stand-by arrangement reviews | Fiscal policy | Fiscal reforms | Financial management | Labor market reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Jordan | Housing

 

Title: Thailand: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Thailand
Series: Country Report No. 15/114
Date: May 7, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Energy prices | Subsidies | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Thailand | Housing

 

Title: Revitalizing Securitization for Small and Medium-Sized Enterprises in Europe
Author/Editor: Shekhar Aiyar ; A. J. Al-Eyd ; Bergljot Barkbu ; Andreas Jobst
Series: Staff Discussion Notes No. 15/7
Date: May 7, 2015
Subject(s): Business enterprises | Europe | Securities markets | Access to capital markets | Securities | Debt financing | Financial intermediation

 

Title: High Liquidity Creation and Bank Failures
Author/Editor: Zuzana Fungacova ; Rima Turk ; Laurent Weill
Series: Working Paper No. 15/103
Date: May 6, 2015
Subject(s): Banking sector | Russian Federation | Bank liquidity | Default

 

Title: Are African Households Heterogeneous Agents? : Stylized Facts on Patterns of Consumption, Employment, Income and Earnings for Macroeconomic Modelers
Author/Editor: Louise Fox
Series: Working Paper No. 15/102
Date: May 6, 2015
Subject(s): Income distribution | Sub-Saharan Africa | Income inequality | Household consumption | Employment | Business cycles | Econometric models

 

Title: Energy Subsidies and Public Social Spending: Theory and Evidence
Author/Editor: Christian Ebeke ; Constant Lonkeng Ngouana
Series: Working Paper No. 15/101
Date: May 6, 2015
Subject(s): Energy sector | Subsidies | Public expenditures and education | Public expenditures and health | Public goods | Econometric models

 

Title: How to Improve the Effectiveness of Monetary Policy in the West African Economic and Monetary Union
Author/Editor: Alexei Kireyev
Series: Working Paper No. 15/99
Date: May 5, 2015
Subject(s): Monetary policy | West African Economic and Monetary Union | Exchange rate regimes | Fixed exchange rates | Capital controls | Monetary policy instruments | Monetary transmission mechanism

 

Title: Tax Policy in MENA Countries: Looking Back and Forward
Author/Editor: Mario Mansour
Series: Working Paper No. 15/98
Date: May 5, 2015
Subject(s): Tax policy | Middle East | North Africa | Taxation | Consumption taxes | Corporate income taxes | Personal income taxes | Stamp duties | Tax revenues | Cross country analysis

 

Title: Does Basel Compliance Matter for Bank Performance?
Author/Editor: Rym Ayadi ; Sami Ben Naceur ; Barbara Casu ; Barry Quinn
Series: Working Paper No. 15/100
Date: May 5, 2015
Subject(s): Banks | Basel Core Principles | Bank compliance | Bank supervision | Bank regulations

 

Title: Determinants of Firm Profitability in Colombia’s Manufacturing Sector: Exchange Rate or Structural?
Author/Editor: Naomi Griffin
Series: Working Paper No. 15/97
Date: May 4, 2015
Subject(s): Manufacturing sector | Colombia | Profits | Real effective exchange rates | Exchange rate appreciation | Econometric models

 

Title: What Drives Interest Rate Spreads in Pacific Island Countries? An Empirical Investigation
Author/Editor: Fazurin Jamaludin ; Vladimir Klyuev ; Anuk Serechetapongse
Series: Working Paper No. 15/96
Date: May 4, 2015
Subject(s): Banking systems | Pacific Island Countries | Foreign banks | Interest rates | Profit margins | Cross-country analysis

 

Title: The Macroeconomic Effects of Public Investment : Evidence from Advanced Economies
Author/Editor: Abdul Abiad ; Davide Furceri ; Petia Topalova
Series: Working Paper No. 15/95
Date: May 4, 2015
Subject(s): Public investment | Infrastructure | Developed countries | OECD | Econometric models | Time series

 

Title: Republic of Poland: Technical Assistance Report-Tax Administration-Modernization Challenges and Strategic Priorities
Series: Country Report No. 15/112
Date: May 4, 2015
Subject(s): Tax administration | Tax collection | Value added tax | Tax revenues | Technical Assistance | Poland

 

Title: Republic of Latvia: Selected Issues Paper
Series: Country Report No. 15/111
Date: May 4, 2015
Subject(s): Economic growth | Migration | Workers remittances | Labor supply | Labor productivity | Immigration | Selected Issues Papers | Latvia

 

Title: Republic of Latvia: 2015 Article IV Consultation-Staff Report; Information Annex; and Press Release
Series: Country Report No. 15/110
Date: May 4, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Bank supervision | Bank credit | Economic indicators | Staff Reports | Press releases | Latvia

 

Title: Rethinking Financial Deepening : Stability and Growth in Emerging Markets
Author/Editor: Ratna Sahay ; Martin Cihak ; Papa N'Diaye ; Adolfo Barajas ; Diana Ayala Pena ; Ran Bi ; Yuan Gao ; Annette Kyobe ; Lam Nguyen ; Christian Saborowski ; Katsiaryna Svirydzenka ; Reza Yousefi
Series: Staff Discussion Notes No. 15/8
Date: May 4, 2015
Subject(s): Financial stability | Economic growth | Capital market development | Access to capital markets | Emerging markets

 

Title: How Important are Debt and Growth Expectations for Interest Rates?
Author/Editor: Sohrab Rafiq
Series: Working Paper No. 15/94
Date: May 1, 2015
Subject(s): Public debt | Economic growth | Expectations | Interest rates | Variables (Mathematics) | Econometric models

 

Title: Too Much of a Good Thing? Prudent Management of Inflows under Economic Citizenship Programs
Author/Editor: Xin Xu ; Ahmed El-Ashram ; Judith Gold
Series: Working Paper No. 15/93
Date: May 1, 2015
Subject(s): Capital inflows | Public sector savings | Public investment | Fiscal framework | Sovereign wealth funds | Fiscal management

 

Title: The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States
Author/Editor: Ben Hunt ; Dirk Muir ; Martin Sommer
Series: Working Paper No. 15/92
Date: May 1, 2015
Subject(s): Commodity boom | United States | Oil sector | Natural gas sector | Oil production | Fiscal policy | General equilibrium models

 

Title: Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust-Staff Report; and Press Release
Series: Country Report No. 15/108
Date: May 1, 2015
Subject(s): External shocks | Balance of payments need | Debt relief | Emergency financing mechanism | Economic indicators | Letters of Intent | Staff Reports | Press releases | Guinea

 
 
April 2015
 

Title: The Role of Productivity, Transportation Costs, and Barriers to Intersectoral Mobility in Structural Transformation
Author/Editor: Cem Karayalcin ; Mihaela Pintea
Series: Working Paper No. 15/91
Date: April 30, 2015
Subject(s): Labor productivity | Agricultural sector | Manufacturing sector | Labor mobility | Transportation | Econometric models

 

Title: From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia
Author/Editor: Pranav Gupta ; Grace Bin Li ; Jiangyan Yu
Series: Working Paper No. 15/90
Date: April 30, 2015
Subject(s): Natural resources | Mongolia | Commodity boom | Mining sector | Revenues | Economic growth | Sustainable development | Fiscal sustainability

 

Title: Fair Weather or Foul? The Macroeconomic Effects of El Niño
Author/Editor: Paul Cashin ; Kamiar Mohaddes ; Mehdi Raissi
Series: Working Paper No. 15/89
Date: April 30, 2015
Subject(s): Regional shocks | Commodity prices | Climatic changes | Financial and Monetary Sector | Cross country analysis | Econometric models

 

Title: What has Capital Liberalization Meant for Economic and Financial Statistics
Author/Editor: Robert M. Heath
Series: Working Paper No. 15/88
Date: April 30, 2015
Subject(s): Capital flows | Capital account liberalization | Economic data and statistics | Financial statistics | Data collection | Transparency

 

Title: Mongolia: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Mongolia
Series: Country Report No. 15/109
Date: April 30, 2015
Subject(s): Article IV consultation reports | Economic growth | Natural resources | Fiscal policy | Mining sector | Fiscal reforms | Monetary policy | Banking sector | Exchange rate assessments | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Mongolia

 

Title: Tonga: 2015 Article IV Consultation-Staff Report; and Press Release
Series: Country Report No. 15/107
Date: April 30, 2015
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | Fiscal reforms | Monetary policy | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Press releases | Tonga

 

Title: Fiscal Policy in Latin America : Lessons and Legacies of the Global Financial Crisis
Author/Editor: Oya Celasun ; Francesco Grigoli ; Keiko Honjo ; Javier Kapsoli ; Alexander Klemm ; Bogdan Lissovolik ; Jan Luksic ; Marialuz Moreno Badia ; Joana Pereira ; Marcos Poplawski-Ribeiro ; Baoping Shang ; Yulia Ustyugova
Series: Staff Discussion Notes No. 15/6
Date: April 30, 2015
Subject(s): Fiscal policy | Latin America | Government expenditures | Fiscal rules and institutions | Global Financial Crisis 2008-2009

 

Title: Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight
Author/Editor: Charles Enoch ; Paul Henri Mathieu ; Mauro Mecagni ; Jorge Iván Canales Kriljenko
Series: African Departmental Paper No. 15/3
Date: April 30, 2015
Subject(s): Banking systems | Sub-Saharan Africa | Systemically important financial institutions | Cross-border banking | Bank supervision | Bank soundness | Cross country analysis

 

Title: Determinants of Bank Interest Margins in the Caucasus and Central Asia
Author/Editor: Raja Almarzoqi ; Sami Ben Naceur
Series: Working Paper No. 15/87
Date: April 29, 2015
Subject(s): Banking sector | Central Asia and the Caucasus | Interest rates | Profit margins | Panel analysis | Econometric models | Cross country analysis

 

Title: Non-FDI Capital Inflows in Low-Income Developing Countries: Catching the Wave?
Author/Editor: Juliana Dutra Araujo ; Antonio David ; Carlos van Hombeeck ; Chris Papageorgiou
Series: Working Paper No. 15/86
Date: April 29, 2015
Subject(s): Capital inflows | Low-income developing countries | Emerging markets | Capital flows | Private sector

 

Title: Financial Crisis, US Unconventional Monetary Policy and International Spillovers
Author/Editor: Qianying Chen ; Andrew Filardo ; Dong He ; Feng Zhu
Series: Working Paper No. 15/85
Date: April 29, 2015
Subject(s): Monetary policy | United States | Unconventional monetary policy instruments | Spillovers | Financial crises

 

Title: Understanding Residential Real Estate in China
Author/Editor: Mali Chivakul ; Raphael W. Lam ; Xiaoguang Liu ; Wojciech Maliszewski ; Alfred Schipke
Series: Working Paper No. 15/84
Date: April 28, 2015
Subject(s): Real estate prices | China | Supply and demand | Economic growth | Housing

 

Title: Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries? : Evidence from a Panel of Countries
Author/Editor: Munseob Lee ; Cheikh A. Gueye
Series: Working Paper No.15/83
Date: April 28, 2015
Subject(s): Natural resources | Sub-Saharan Africa | Commodity boom | Rent | Income | Welfare | Corruption | Governance | Inclusive growth | Panel analysis | Cross country analysis

 

Title: Hong Kong’s Growth Synchronization with China and the U.S.: A Trend and Cycle Analysis
Author/Editor: Dong He ; Wei Liao ; Tommy Wu
Series: Working Paper No. 15/82
Date: April 28, 2015
Subject(s): Economic growth | Hong Kong SAR | China | United States | Income | Consumption | Business cycles | Economic integration

 

Title: Is Islamic Banking Good for Growth?
Author/Editor: Patrick A. Imam ; Kangni Kpodar
Series: Working Paper No. 15/81
Date: April 28, 2015
Subject(s): Islamic banking | Economic growth | Low-income developing countries | Financial sector | Econometric models | Time series

 

Title: Zimbabwe: First Review Under the Staff-Monitor Program-Staff Report; and Press Release
Series: Country Report No. 15/105
Date: April 28, 2015
Subject(s): Staff-monitored programs | Economic conditions | Fiscal policy | External payments arrears | Fiscal reforms | Banking sector | Economic indicators | Letters of Intent | Staff Reports | Press releases | Zimbabwe

 

Title: Capital Control Measures: A New Dataset
Author/Editor: Andrés Fernández ; Michael W. Klein ; Alessandro Rebucci ; Martin Schindler ; Martin Uribe
Series: Working Paper No. 15/80
Date: April 22, 2015
Subject(s): Capital controls | Capital inflows | Capital outflows | Capital flows | Data analysis | Time series

 

Title: The Gambia: Request for Disbursement Under the Rapid Credit Facility, cancellation of the Extended Credit Facility and proposal for a Staff-Monitored Program-Staff Report; Press Release; and Statement by the Executive Director for The Gambia
Series: Country Report No. 15/104
Date: April 22, 2015
Subject(s): Rapid Credit Facility | External shocks | Balance of payments need | Staff-monitored programs | Fiscal policy | Monetary policy | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Extended Credit Facility | Extended arrangement cancellations | Gambia, The

 

Title: Ghana: Request For A Three-Year Arrangement Under The Extended Credit Facility; Staff Report; Press Release; and Statement by the Executive Director for Ghana
Series: Country Report No. 15/103
Date: April 21, 2015
Subject(s): Extended Credit Facility | Fiscal consolidation | Debt management | Bond markets | Monetary policy | Inflation targeting | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Extended arrangement requests | Ghana

 

Title: Solomon Islands: Fourth Review Under the Extended Credit Facility Arrangement and Request For Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Solomon Islands
Series: Country Report No. 15/102
Date: April 15, 2015
Subject(s): Extended Credit Facility | Fiscal policy | Government expenditures | Monetary policy | Basket of currency peg | Economic indicators | Letters of Intent | Staff Reports | Press releases | Solomon Islands

 

Title: Fiscal Monitor, April 2015 : Now Is the Time: Fiscal Policies for Sustainable Growth
Series: Fiscal Monitor
Date: April 15, 2015
Subject(s): Fiscal policy | Fiscal management | Fiscal analysis | Fiscal risk | Fiscal stability | Fiscal sustainability | Fiscal balance | Fiscal data | Fiscal framework | Fiscal Monitor | Fiscal projections | Fiscal stabilization

 

Title: Global Financial Stability Report, April 2015 : Navigating Monetary Policy Challenges and Managing Risks
Series: Global Financial Stability Report
Date: April 15, 2015

 

Title: World Economic Outlook, April 2015 : Uneven Growth: Short- and Long-Term Factors
Series: World Economic and Financial Surveys
Date: April 14, 2015

 

Title: West African Economic and Monetary Union: Selected Issues
Series: Country Report No. 15/101
Date: April 13, 2015
Subject(s): Economic growth | West African Economic and Monetary Union | Current account deficits | Exchange rate assessments | Reserves adequacy | Commercial banks | Liquidity | Central banks | Tariff structures | Payment systems | Selected Issues Papers | West Africa

 

Title: West African Economic and Monetary Union-Common Policies of Member Countries-Staff Report; Press Release; and Statement by the Executive Director
Series: Country Report No. 15/100
Date: April 13, 2015
Subject(s): Staff Reports | West African Economic and Monetary Union | Economic growth | Fiscal consolidation | Fiscal policy | Fiscal reforms | Monetary policy | Bank supervision | Economic indicators | Press releases | West Africa

 

Title: Hungary: Technical Assistance Report-Operational Aspects of Establishing an Asset Management Company
Series: Country Report No. 15/99
Date: April 10, 2015
Subject(s): Asset management | Financial institutions | Corporate governance | Technical Assistance | Hungary

 

Title: Frontier and Developing Asia : The Next Generation of Emerging Markets
Author/Editor: Alfred Schipke
Date: April 10, 2015
Subject(s): Developing countries

 

Title: Republic of San Marino: 2015 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of San Marino
Series: Country Report No. 15/94
Date: April 8, 2015
Subject(s): Article IV consultation reports | Fiscal policy | Italy | Public debt | Debt sustainability | Banking sector | Bank restructuring | Bank supervision | Economic indicators | Staff Reports | Press releases | San Marino

 

Title: A Simple Multivariate Filter for Estimating Potential Output
Author/Editor: Patrick Blagrave ; Roberto Garcia-Saltos ; Douglas Laxton ; Fan Zhang
Series: Working Paper No. 15/79
Date: April 7, 2015
Subject(s): Potential output | Gross domestic product | Inflation | Unemployment | Econometric models | Parameter estimation | Economic theory

 

Title: Central and Eastern Europe: New Member States (NMS) Policy Forum, 2014, Selected Issues Paper
Series: Country Report No. 15/98
Date: April 7, 2015
Subject(s): Central American Bank for Economic Integration | Euro | European Economic and Monetary Union | Banking systems | Banks | Bank supervision | Fiscal policy | Pension reforms | Selected Issues Papers | Central and Eastern Europe

 

Title: Central and Eastern Europe: New Member States (NMS) Policy Forum, 2014, Staff Report on Cluster Consultations—Common Policy Frameworks and Challenges
Series: Country Report No. 15/97
Date: April 7, 2015
Subject(s): Economic integration | European Economic and Monetary Union | Euro | Fiscal policy | Trade liberalization | Pension reforms | Banking systems | Bank supervision | Staff Reports | Central and Eastern Europe

 

Title: Pakistan: Sixth Review Under the Extended Arrangement and Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Pakistan
Series: Country Report No. 15/96
Date: April 7, 2015
Subject(s): Extended arrangement reviews | Fiscal policy | Monetary policy | Economic indicators | Debt sustainability analysis | Letters of Intent | Staff Reports | Press releases | Performance criteria modifications | Pakistan

 

Title: Islamic Finance : Opportunities, Challenges, and Policy Options
Author/Editor: Alfred Kammer ; Mohamed Norat ; Marco Pinon ; Ananthakrishnan Prasad ; Christopher M. Towe ; Zeine Zeidane
Series: Staff Discussion Notes No. 15/5
Date: April 6, 2015
Subject(s): Islamic banking | Bank regulations | Bank supervision | Deposit insurance | Bank resolution | Risk management | Macroprudential policies and financial stability | Monetary policy | Liquidity management | Tax policy | Infrastructure | Financial management