Articles reviewing IMF research on dollarization and on the relationship between macroeconomic policies and income distribution; country/area study: The Euro Area; summaries of Second Annual IMF Research Conference and Investor Relations Seminar; list of external publications of IMF staff; IMF working papers; visiting scholars at the IMF.
measurement of repurchase agreements, drug smuggling, travel expenditures, and shuttle trade.
Balance of Payments Newsletters : provides the IMF’s BalanceofPaymentsStatisticsNewsletter from 1995 to the present. The newsletter contains information on developments in balance of payments statistics taking place in different countries and in international organizations.
Balance of Payments Selected Publications : lists selected publications and working papers on balance of payments topics. The site includes links to the text of the IMF’s Balance of Payments Manual
Hendry , David R , and Jurgen Doornik , 1996 , PcGive 9.0 ( London : International Thomson Business Press )
Hollinger , Peter , and Leonid Spivakovsky , 1996 , Portable Troll ( Needham, Massachusetts : Intex Solutions )
IMF , 1987 , Report on the World Current Account Discrepancy ( Washington : International Monetary Fund )
IMF , 1996 , World Economic Outlook , October ( Washington : International Monetary Fund )
IMF , 1997 , BalanceofPaymentsStatisticsNewsletter
This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests such a benchmark, consisting of the sum of short-term debt on a residual maturity basis (the external drain) and an allowance for possible capital flight (the internal drain), taking into account differences in country risk and exchange rate regime.
, Prospects and Key Policy Issues , September 1998 ..
International Monetary Fund , ( 1999a ) International Capital Markets: Developments, Prospects and Key Policy Issues , IMF , Washington DC , September 1999 .
International Monetary Fund , ( 1999b ) Exchange Rate Arrangements and Currency Convertibility: Developments and Issues , Prepared by a Staff Team led by Barry Johnston , IMF , Washington DC , 1999 .
International Monetary Fund , ( 1999c ), BalanceofPaymentsStatistics, Newsletter, Year-End 1999 .
Official Financing for Developing Countries
Biennial Report on Exchange Arrangements
Annual Report of the IMF Committee on Balance of Payments Statistics
F S R
Balance of Payments Statistics Yearbook
Direction of Trade Statistics (Quarterly)
Direction of Trade Statistics Yearbook
Government Finance Statistics Yearbook
This paper reviews implementation of the Fund’s external communications strategy and suggests issues that the Board may wish to discuss at its third meeting since 1998 on the subject. The strategy has been shaped by the previous Board discussions and more recent decisions and discussions on transparency, conditionality, PRSP/PRGF, the Independent Evaluation Office, and other issues. This paper represents more of a stocktaking than a fundamental reconsideration of the Fund’s approach to external communications. It examines the progress made in recent years and steps that might be taken with current resources to increase the effectiveness of the strategy.
This paper analyzes the financial implications of the 1956 crisis of nationalization of the Suez Canal by Egypt. It examines the regional distribution of public employment in Italy. The paper quantifies the impact of changes in the U.S. monetary policy on sovereign bond spreads in emerging market countries. Specifically, the paper explores empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital markets. Modeling the IMF’s statistical discrepancy in the global current account is also discussed.