Mr. Bart Turtelboom

Interest Rate Liberalization

Some Lessons From Africa

This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberaliza...

Real Interest Rates, Real Exchange Rates, and Net Foreign Assets in the Adjustment Process

This paper analyzes the recent behavior of real exchange rates, the trade balance and the net foreign asset position of the United States in an intert...

Multimod Mark III

The Core Dynamic and Steady State Model

This study describes the Mark III version of MULTIMOD, the IMF's multi region macroeconomic model. Mark III version of MULTIMOD differs from its prede...

Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU

The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy framework is yet to be decided...