Author/Editor: Atish R. Ghosh, Jonathan David Ostry, Charalambos G. Tsangarides.

Release Date: January, 2012

Why have emerging market economies (EMEs) been stockpiling international reserves? We find that motives have varied over time”vulnerability to current account shocks was relatively important in the more...

Author/Editor: International Monetary Fund. Research Dept..

Release Date: September, 2011

The September 2011 edition of the World Economic Outlook assesses the prospects for the global economy, which is now in a dangerous new phase. Global activity has weakened and become more uneven, more...

Release Date: July, 2011

Author/Editor: Thierry Tressel, Dennis B. S. Reinhardt, Luca Antonio Ricci.

Release Date: October, 2010

Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We more...

Author/Editor: Thierry Tressel, Martin Schindler, Lone Engbo Christiansen.

Release Date: December, 2009

This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, more...

Author/Editor: Thierry Tressel, Lone Engbo Christiansen, Alessandro Prati, Luca Antonio Ricci.

Release Date: October, 2009

This paper offers a coherent empirical analysis of the determinants of the real exchange rate, the current account, and the net foreign assets position in low income countries. The paper focuses on more...

Author/Editor: Martin Schindler, Mahir Binici, Michael Hutchison.

Release Date: September, 2009

How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries more...

Author/Editor: David Hofman, Ruben Atoyan, Mauro Mecagni.

Release Date: May, 2009

This study contributes to the literature on capital account crises in two ways. First, our analysis of crisis episodes between 1994 and 2002 establishes a clear relationship between the persistence more...

Author/Editor: Daria Zakharova.

Release Date: December, 2008

This paper surveys policy responses in recent years to capital inflows in a diverse group of countries that are represented by the Netherlands at the IMF Executive Board. Based on the findings from more...

Author/Editor: M. Ayhan Kose, Eswar Prasad, Marco Terrones.

Release Date: October, 2008

This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of more...

Release Date: August, 2008

Author/Editor: Juan Zalduendo, Jun Il Kim, Bikas Joshi, Atish R. Ghosh, Uma Ramakrishnan, Alun H. Thomas.

Release Date: May, 2008

This paper examines the various roles of IMF financing in crisis prevention. Emerging market economies that experienced financial crises in the past have been subject to enormous economic and social more...

Author/Editor: Åke Lönnberg, Peter Stella.

Release Date: February, 2008

Conventional economic policy models focus only on selected elements of the central bank balance sheet, in particular monetary liabilities and sometimes foreign reserves. The canonical model of an more...

Release Date: January, 2008

Work Program, IMF Reform, Local Bond Markets, Lipsky Sees Slower Growth, Climate Change, Lipsky Interviewed, Fiscal Spending in G-7, Korea Health Check, Loan for Guinea, Technical Assistance, more...

Author/Editor: David Hofman, Ruben Atoyan, Dimitri Tzanninis, Mauro Mecagni.

Release Date: November, 2007

This paper examines the duration of capital account crises. We develop a new index to identify both the start and the end of these crises. Applying the index to a sample of 18 crisis episodes, we more...

Author/Editor: Amadou N. R. Sy.

Release Date: October, 2007

This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC). The more...

Release Date: September, 2007

Author/Editor: Johan Mathisen, Anthony J. Pellechio.

Release Date: March, 2007

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 more...

Release Date: March, 2007

Release Date: July, 2006