Mr.Pablo Emilio Guidotti

Dollarization in Latin America

Gresham's Law in Reverse?

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, c...

Financial Development and Economic Growth

This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit ...

Management of the Nominal Public Debt Theory and Applications

Optimal management of the public debt is explored in a context where economic policy is continuously revised because, when the public debt is non—in...

Speculative Attacks

A brief survey of the literature on speculative attacks is provided. The nature and causes of balance-of-payments crises, the implications for the beh...

Losing Credibility

The Stabilization Blues

In exchange rate-based stabilization programs, credibility often follows a distinct time pattern. At first it rises as the highly visible nominal anch...

Domestic Public Debt of Externally Indebted Countries

This study discusses the evolution of domestic public debt in several indebted countries and its relationship with their external debt and underlying ...