WorldCat Identities

International Monetary Fund Policy Development and Review Department

Overview
Works: 307 works in 822 publications in 1 language and 19,430 library holdings
Genres: Conference papers and proceedings 
Roles: Other, Author, Publisher
Classifications: HJ8899, 336.3435091724
Publication Timeline
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Most widely held works about International Monetary Fund
 
Most widely held works by International Monetary Fund
Private market financing for developing countries by Alessandro Leipold( Book )

9 editions published between 1992 and 1995 in English and held by 629 WorldCat member libraries worldwide

Overview and current issues; Commercial Bank debt restructuring; Recent developments in private market financing; Institucional and regulatory framework for developing country financing; Foreign direct investment
Official financing for developing countries by Anthony R Boote( Book )

13 editions published between 1995 and 2001 in English and held by 479 WorldCat member libraries worldwide

This paper provides information on official financing and the debt situation of developing countries, with a particular focus on the heavily indebted poor countries. It updates Official Financing for Developing Countries, and Section III provides a more limited update of Officially Supported Export Credits: Recent Developments and Prospects
Trade policy issues by IMF Institute( Book )

5 editions published in 1997 in English and held by 153 WorldCat member libraries worldwide

The 14 chapters in this volume are either papers presented or remarks made at a seminar on "Trade Policy Issues," organized by the Fund's Policy Development and Review Department and the IMF Institute and held in Washington on March 6-10, 1995. The seminar covered a wide range of topics such as the design and implementation of trade reform; trade liberalization issues in industrial and transition economies; regional trading arrangements; the results of the Uruguay Round; institutional matters related to the World Trade Organization (WTO); and the post-Uruguay Round agenda
International trade in services : implications for the IMF by Alexander Lehmann( Book )

1 edition published in 2003 in English and held by 19 WorldCat member libraries worldwide

Annotation
Fiscal surveillance in a petro zone : the case of the CEMAC by Johannes Wiegand( Book )

6 editions published in 2004 in English and held by 17 WorldCat member libraries worldwide

This paper discusses fiscal surveillance criteria for the countries of the Central African Monetary and Economic Union (CEMAC), most of which depend heavily on oil exports. At present, the CEMAC's macroeconomic surveillance exercise sets as fiscal target a floor on the basic budgetary balance. This appears inadequate, for at least two reasons. First, fluctuations in oil prices and, hence, oil receipts obscure the underlying fiscal stance. Second, oil resources are limited, which suggests that some of today's oil receipts should be saved to finance future consumption. The paper develops easy-to-calculate indicators that take both aspects into account. A retrospective analysis based on these alternative indicators reveals that in recent years, the CEMAC's surveillance exercise has tended to accommodate stances of fiscal policy that are at odds with sound management of oil wealth
Do macroeconomic effects of capital controls vary by their type? : evidence from Malaysia by Natalia T Tamirisa( Book )

5 editions published in 2004 in English and held by 16 WorldCat member libraries worldwide

This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital controls generally have statistically insignificant effects on the exchange rate. Controls on portfolio outflows and on bank and foreign exchange operations facilitate reductions in the domestic interest rate, while controls on portfolio inflows have the opposite effect, in line with the theoretical priors. Controls on international transactions in the domestic currency and stock market operations have statistically insignificant effects on the interest rate differential
The role of IMF support in crisis prevention by Uma Ramakrishnan( Book )

7 editions published in 2006 in English and held by 14 WorldCat member libraries worldwide

This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper distinguishes between the seal of approval inherent in IMF support and its financing, evaluates the interaction of IMF support with economic policies, and assesses whether IMF financing has a different impact on the likelihood of a crisis than other forms of liquidity. The main result is that IMF financing helps prevent crises through the liquidity provided (i.e., money matters). However, since the effect holds even after controlling for (gross) foreign exchange reserves, stronger policies and the seal of approval under an IMFsupported program must also play a role. Finally, the results suggest that IMF financing as a crisis prevention tool is most effective for an intermediate range of economic fundamentals
The macroeconomics of remittances : the case of Tajikistan by Alexei Kireyev( Book )

7 editions published in 2006 in English and held by 13 WorldCat member libraries worldwide

The paper seeks to assess the macroeconomic implications of large-scale inward remittances for a small open economy. By including remittances in several standard models, the paper concludes that the overall macroeconomic impact of remittances is likely to be ambiguous. The impact depends on the structural characteristics of the receiving country, in particular its consumption and investment patterns, and its capacity to manage large financial inflows. As data deficiencies and methodological problems associated with remittances preclude crosscountry empirical investigation, the paper illustrates these findings with data on Tajikistan, where remittances as a share of GDP are among the highest in the world. The paper also evaluates the pros and cons of remittances in a broader political economy context
International reserves and self-insurance against external shocks by Régis Barnichon( Book )

3 editions published in 2008 in English and held by 13 WorldCat member libraries worldwide

This paper develops an analytical framework that helps to quantify the optimal level of international reserves for a small open economy with limited access to foreign capital and subject to natural disasters or terms of trade shocks. International reserves allow the country to relieve balance of payments pressures caused by external shocks and to avoid large fluctuations in imports. I calibrate the model to two regions, the Caribbean and the Sahel, and assess the sensitivity of the results
Equilibrium non-oil current account assessments for oil producing countries by Alun H Thomas( Book )

4 editions published in 2008 in English and held by 13 WorldCat member libraries worldwide

This paper introduces a methodology for assessing external balance in countries with large stocks of non-renewable resources based on oil stock data, and applies it to selected oil producing countries. The methodology uses a stock approach (instead of the more traditional flow approach) to estimate the equilibrium non-oil current account consistent with optimal consumption smoothing. One of the benefits of the stock approach is that geological data for oil reserves can be used to estimate oil wealth; however, the methodology makes the estimated non-oil current account norm very sensitive to oil price projections. Based on an oil price about US$70 per barrel prevailing in the summer of 2007, the baseline estimates indicate that the non-oil current accounts for most of the countries in the sample are broadly in equilibrium. By the same token, using oil price projections as of the summer of 2008 implies large disparities between the equilibrium non-oil current account position and the medium term forecast for all countries in the sample except for Malaysia
How does a domestic tax reform affect protection against imports? : the case of the Republic of Madagascar by Jean-Jacques Hallaert( Book )

4 editions published in 2008 in English and held by 13 WorldCat member libraries worldwide

In 2008, Madagascar reformed its domestic tax system. Because the excise duties and VAT regimes were reformed, the taxation of imports has changed. This paper quantifies how the reform changes the protection against imports and the fiscal revenues from taxation of imports. It shows that, even if the reform has only a limited impact on the average rate of protection, it substantially alters the structure of protection across goods. Moreover, because the reform further increases the already high rate of taxation of imports, it will also boost revenue from taxes on imports and reduce the fiscal losses from the SADC FTA
Bivariate assessments of real exchange rates using PPP data by Juan Zalduendo( Book )

3 editions published in 2008 in English and held by 12 WorldCat member libraries worldwide

This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive assumptions. In turn, the empirical evidence presented shows that the estimates are not robust to changes in sample, such as those that arise from differences in incomes per capita. The conclusion is that the bivariate assessment of real exchange rates do not control for the heterogeneity that exists across countries, thus limiting their usefulness. This critique of bivariate estimations does not apply however to multivariate approaches such as utilized by CGER
Do debt-service savings and grants boost social expenditures? by Alun H Thomas( Book )

6 editions published in 2006 in English and held by 12 WorldCat member libraries worldwide

This paper evaluates whether debt relief and grants can boost social expenditures in lowincome countries. It finds that declines in debt-service help raise social expenditures, but no relationship between grants and social expenditures. Moreover, since the mid-1980s, lowincome countries have managed to fully insulate social expenditures from the effects of budgetary tightening. The magnitude of the impact of these effects on social expenditures, however, is dwarfed by the resources needed to enable these countries to reach the Millennium Development Goals
The utilization-adjusted output gap : is the Russian economy overheating? by Nienke Oomes( Book )

6 editions published in 2006 in English and held by 12 WorldCat member libraries worldwide

This paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue is preferable to traditional output gap methods. The approach amounts to (1) using available surveys to estimate the "natural rates" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production function with utilization-adjusted capital and labor inputs; and (3) defining potential output as the level of output obtained when both capital and labor are at their estimated natural rates. The results suggest that the output gap in Russia was negative between 1999 and 2003, but may have recently become positive, thus contributing to inflationary pressures
The role of institutional quality in a currency crisis model by Yi Wu( Book )

5 editions published in 2008 in English and held by 10 WorldCat member libraries worldwide

This paper is a theoretical study of the impact of institutional quality on currency crises from a public finance point of view. Recent empirical studies leave little doubt that weak institutions, including high levels of corruption, hinder economic performance. After the East Asian crisis, many observers have pointed to widespread corruption and crony capitalism as an underlying cause. Despite the popularity of the claim, there are only limited empirical and especially theoretical studies on the link between institutional quality and currency crises. This paper intends to fill in this void. We model institutional weakness as an inefficiency of the tax collection system. The model derived here shows that institutional weakness generally increases the likelihood of the existence of a self-fulfilling crisis equilibrium, and leads to larger currency devaluation when crises happen. However, this relationship could reverse when institutional weakness is very severe
Technology and finance by Anna Ilyina( Book )

3 editions published in 2008 in English and held by 10 WorldCat member libraries worldwide

The benefits from financial development are known to vary across industries. However, no systematic effort has been made to determine the technological characteristics that are shared by industries that tend to grow relatively faster in more financially developed countries. This paper explores a range of technological characteristics that might underpin differences across industries in the need or the ability to raise external funding. The main finding is that industries that grow faster in more financially developed countries tend to display greater R & D intensity or investment lumpiness, indicating that well-functioning financial markets direct resources towards industries that grow by performing R & D
Weathering the storm so far : the impact of the 2003-05 oil shock on low-income countries by P Dudine( Book )

6 editions published in 2006 in English and held by 10 WorldCat member libraries worldwide

This paper examines the impact of the 2003-05 oil price increase on the balance of payments positions and IMF financing needs of low-income country oil importers. It finds that stronger exports reflecting favorable global conditions, a compression of oil import volumes due to the pass-through of world prices to domestic consumers, and a large increase in capital inflows helped low-income countries cope with the oil price shock. Preliminary data suggest that reductions in oil import volumes have not harmed growth. While fiscal balances generally improved, quasi-fiscal liabilities may be building. Lower demand for IMF assistance may reflect broader trends, but further oil price increases could put pressure on additional countries in 2006 and beyond
Insuring public finances against natural disasters : a survey of options and recent initiatives by David Hofman( Book )

4 editions published in 2006 in English and held by 6 WorldCat member libraries worldwide

Natural disasters can put severe strain on public finances, in particular in developing and small countries. But catastrophe insurance markets increasingly offer opportunities for the transfer of such risks. Thus far, developing countries have only tepidly begun to tap these opportunities. More frequent and intensive use of insurance markets may be desirable because it could help introduce an important element of predictability in the post-disaster public finances of disaster-prone developing countries. Against this background, the paper surveys the various available insurance modalities and reviews recent initiatives in developing and emerging market countries. It also identifies some key challenges for the insurance community, donors, and international financial institutions (IFIs)
Republic of Armenia ex post assessment of long-term program engagement by International Monetary Fund( Book )

4 editions published in 2005 in English and held by 3 WorldCat member libraries worldwide

This paper presents an Ex Post Assessment of Long-Term Program Engagement for Armenia. The quality of program implementation was uneven at the early stages of IMF engagement, but it has improved in recent years. Implementation of some key structural reforms suffered delays, reflecting in part capacity constraints and at times insufficient ownership. Collaboration between the IMF and the World Bank has been good. The Bank has played a valuable role in facilitating the streamlining of conditionality under the Poverty Reduction and Growth Facility arrangement
 
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Private market financing for developing countries
Alternative Names

controlled identityInternational Monetary Fund

controlled identityInternational Monetary Fund. Strategy, Policy, and Review Department

IMF. Policy Development and Review Department.

International Monetary Fund. Policy Development and Review Department.

International Monetary Fund Policy Development and Review Dept.

PDR

PDR (International Monetary Fund. Policy Development and Review Department)

Policy Development and Review Department

Policy Development and Review Department of the International Monetary Fund.

Languages
English (103)

Covers
Official financing for developing countriesTrade policy issues