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This paper is a preliminary review of the design of and early experience with IMF-supported programs in Indonesia, Korea, and Thailand during 1997-98....
Evidence From the G-7
Is there a stable aggregate money demand relationship for Europe? If so, why, and if not, why not? These questions are important for the implementatio...
Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in...
This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the ba...
This series aims to make available to the general public and to economic policy practitioners, a selection of policy papers prepared by the staff of t...
Wage controls have been an important element of several of the stabilization programs recently introduced in reforming socialist economies. In some ca...
The First Year
This paper reviews the experience of 1990, the first year of Polandโs program of stabilization and reform. The background is described, including pr...
This paper develops a simple two-sector model of a socialist economy, in which government revenues required for servicing external debt are obtained f...
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...
Does IMF Financing Encourage Imprudence by Borrowers and Lenders?
"This Economic Issue is based on IMF Working Paper WP/00/168, 'Does IMF financing result in moral hazard?', October 2000"--Page iii....
The Case of Ukraine in 1992
This paper examines the coexistence of free prices and shortages for a range of consumer goods in Ukraine during 1992. Enterprises making consumer goo...
Stage 2 of monetary union in the Europe is to involve greater monetary cooperation; the paper examines the case for using the M3 money supply aggregat...
Publication of minutes of monthly monetary policy meetings between the Chancellor of the Exchequer and the Governor of the Bank of England was a consp...
The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Stru...
In 2001- 02, Argentina experienced one of the worst economic crises in its history. A default on government debt, which occurred against the backdrop ...