IMF Staff Papers

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The Role of Domestic Debt Markets in Economic Growth: An Empirical Investigation for Low-Income Countries and Emerging Markets
IMF Staff Papers - Tập 57 - Trang 209-255 - 2009
S M Ali Abbas, Jakob E Christensen
This paper develops a new public domestic debt database covering 93 low-income countries and emerging markets over 1975–2004 to estimate the growth impact of domestic debt. Moderate levels of noninflationary domestic debt, as a share of GDP and bank deposits, are found to exert a positive overall impact on economic growth. Granger-causality regressions suggest support for a variety of channels: im...... hiện toàn bộ
The Theory and Use of Financing Accounts
IMF Staff Papers - Tập 7 - Trang 159-167 - 1959
Earl Hicks
Factors Influencing Changes in Money Supply in BCEAO Countries
IMF Staff Papers - Tập 18 - Trang 389-398 - 1971
Rattan J. Bhatia
En este trabajo se analizan las variaciones de la oferta monetaria en los siete países de Africa occidental que comparten el mismo banco central, llamado Banco Central de los Estados de Africa Occidental (BCEAO). Las variaciones se atribuyen a factores ya sea de comportamiento o autónomos, en el sentido de que las autoridades monetarias no tienen en la actualidad ningún control directo sobre ellos...... hiện toàn bộ
Gasoline Taxation in Selected OECD Countries, 1970-79
IMF Staff Papers - Tập 27 - Trang 349-379 - 1980
Alan A. Tait, David R. Morgan
Desde 1974 la política energética de la mayoría de los países miembros de la Organización de Cooperación y Desarrollo Económicos (OCDE) ha tenido por objetivo reducir su dependencia del petróleo importado. Este objetivo adquirió carácter oficial en octubre de 1977, cuando los ministros de los países miembros del Organismo Internacional de Energía (OIE) adoptaron el llamado objetivo conjunto de lim...... hiện toàn bộ
Do Labor Market Rigidities Fulfill Distributive Objectives?: Searching for the Virtues of the European Model
IMF Staff Papers - Tập 41 - Trang 624-642 - 1994
Gilles Saint-Paul
The distributional effects of the minimum wage are analyzed in a model where skilled and unskilled labor are inputs into the production function. It is argued that distributional goals are best achieved by letting the labor market clear itself and achieving redistribution through taxes and transfers. The results stand up to the imposition of the additional constraint of political viability, althou...... hiện toàn bộ
Volume Information
IMF Staff Papers - Tập 34 - Trang i-xiii - 1987
IMF Papers on Policy Analysis and Assessment
IMF Staff Papers - Tập 44 - Trang 404-404 - 1997
What Happened to Asian Exports during the Crisis?
IMF Staff Papers - Tập 51 Số 1 - Trang 72-95 - 2004
Rupa Duttagupta, Antonio Spilimbergo
Independent Currency Authorities: An Analytic Primer
IMF Staff Papers - Tập 40 - Trang 202-216 - 1993
Kent Osband, Delano Villanueva
This paper provides an analytic overview of independent currency authorities (ICAs), sometimes called currency boards. ICAs issue and redeem domestic currency on demand against an exchange standard and back such operations through a 100 percent marginal foreign reserve cover. They also impose significant constraints on the banking system and the budget of the country that operates them. When suppo...... hiện toàn bộ
Auctions: Theory and Applications
IMF Staff Papers - Tập 40 - Trang 485-511 - 1993
Robert A. Feldman, Rajnish Mehra
This paper assesses alternative auction techniques for pricing and allocating various financial instruments, such as government securities, central bank refinance credit, and foreign exchange. Before recommending appropriate formats for auctioning these items, the paper discusses basic auction formats, assessing the advantages and disadvantages of each, based on the existing, mostly theoretical, l...... hiện toàn bộ
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