WorldCat Identities

International Monetary Fund Policy Development and Review Department

Overview
Works: 321 works in 762 publications in 1 language and 9,564 library holdings
Genres: Conference proceedings 
Classifications: HJ8899, 657.3
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Publications about International Monetary Fund Publications about International Monetary Fund
Publications by International Monetary Fund Publications by International Monetary Fund
Most widely held works about International Monetary Fund
 
Most widely held works by International Monetary Fund
Official financing for developing countries by International Monetary Fund ( Book )
13 editions published between 1994 and 2001 in English and held by 746 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 Shailendra J Anjaria ( )
3 editions published in 1997 in English and held by 715 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
Private market financing for developing countries by Charles Collyns ( Book )
9 editions published between 1992 and 1995 in English and held by 525 WorldCat member libraries worldwide
Official financing : recent developments and selected issues by Martin G Gilman ( Book )
3 editions published in 2003 in English and held by 213 WorldCat member libraries worldwide
The role of IMF support in crisis prevention by Uma Ramakrishnan ( )
6 editions published in 2006 in English and held by 194 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
Weathering the storm so far the impact of the 2003-05 oil shock on low-income countries by P Dudine ( )
6 editions published in 2006 in English and held by 193 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
The utilization-adjusted output gap is the Russian economy overheating? by Nienke Oomes ( )
5 editions published in 2006 in English and held by 190 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
IMF-supported programs and crisis prevention an analytical framework by Jun Kim ( )
5 editions published in 2006 in English and held by 189 WorldCat member libraries worldwide
This paper presents an analytical framework for considering the role of IMF-supported programs in preventing crises, particularly capital account crises. The model builds upon the global games framework to establish a unique relationship between the crisis probability and the parameters of the program, which is assumed to be negotiated between the IMF and the member country, taking explicit account of each party's interests. In the model, from the perspective of the borrowing country, IMF financing and policy adjustment are (perfect) substitutes inasmuch as they both contribute to the country's liquidity and thus reduce the likelihood of a crisis. In equilibrium, however, IMF financing promotes stronger policies, implying that financing and adjustment are strong complements in crisis prevention. Conditionality plays a crucial role in sustaining the program, providing mutual assurances-to the member country that, if it undertakes the agreed policies, financing will indeed be forthcoming, and to the IMF that the country will implement the agreed policies as the IMF disburses its resources. The model helps explain how liquidity crises may come about, how IMF support can reduce the likelihood of a crisis by providing liquidity and sustaining stronger policies, and why the observed mix between financing and adjustment may vary across programs
Do debt-service savings and grants boost social expenditures? by Alun H Thomas ( )
5 editions published in 2006 in English and held by 187 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
Fiscal surveillance in a petro zone the case of the CEMAC by Johannes Wiegand ( )
5 editions published in 2004 in English and held by 182 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
The role of institutional quality in a currency crisis model by Yi Wu ( )
3 editions published in 2008 in English and held by 180 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
Insuring public finances against natural disasters a survey of options and recent initiatives by David Hofman ( )
3 editions published in 2006 in English and held by 179 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)
Fiscal implications of multilateral tariff cuts by Katrin Elborgh-Woytek ( )
4 editions published in 2006 in English and held by 178 WorldCat member libraries worldwide
The paper contributes to the discussion about the revenue implications of trade reform by assessing the approximate fiscal revenue impact of different liberalization formulae under consideration in multilateral trade negotiations for a group of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied tariffs, and imports at the HS-6 digit level for 58 developing countries, and simulates results for different sets of import demand elasticities and developing country "flexibilities." While only a small number of countries face a significant impact, results point toward the need for complementary fiscal measures in the countries most affected by revenue loss
The macroeconomics of remittances the case of Tajikistan by Alexei Kireev ( )
5 editions published in 2006 in English and held by 172 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
Using the balance sheet approach in surveillance framework and data sources and availability by Johan Mathisen ( )
3 editions published in 2006 in English and held by 170 WorldCat member libraries worldwide
A distinguishing feature of emerging market crises in recent years has been the sudden disruption in the capital accounts of the economy. These crises have highlighted the need for closer attention to macroeconomic vulnerabilities in sectoral balance sheets. This book enhances application of the balance sheet approach to surveillance by taking advantage of new data sets that provide detailed, frequent, and timely financial statistics
Do macroeconomic effects of capital controls vary by their type? evidence from Malaysia by Natalia T Tamirisa ( )
5 editions published in 2004 in English and held by 166 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
Republic of Armenia ex post assessment of long-term program engagement ( )
4 editions published in 2005 in English and held by 163 WorldCat member libraries worldwide
Tax rate cuts and tax compliance the Laffer curve revisited by Tamás K Papp ( )
3 editions published in 2008 in English and held by 161 WorldCat member libraries worldwide
The paper shows how tax rate cuts can increase revenues by improving tax compliance. The intuition is that tax evasion has externalities: tax evaders protect each other, because they tie down limited enforcement capacity. Thus, relatively small tax rate cuts, which decrease incentives to evade taxes, can lead to increased revenues through spillovers - creating Laffer effects. Interestingly, tax rate cuts here imply increasing effective taxes. The model is consistent with what happened in Russia, and may provide basis for further thinking about tax rate cuts in other countries
Private market financing for developing countries by International Monetary Fund ( Book )
2 editions published in 1995 in English and held by 142 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
 
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Alternative Names

controlled identity International Monetary Fund

controlled identity International 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.
Policy Development and Review Department of the International Monetary Fund.
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English (99)
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