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Financial Reform : What Shakes It? What Shapes It? »
Series: Economic Issues
Author(s): Ashoka Mody , and Abdul Abiad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 July 2005
DOI: http://dx.doi.org/10.5089/9781589063556.051
ISBN: 9781589063556
Keywords: Economic reforms, Financial sector, financial liberalization, financial reform, financial systems, banking crises
Financial sector liberalization was high on the agenda of policymakers during the last quarter of the twentieth century. But there were significant differences in the pace and scale of reform. This pamphlet examine...

Fixed or Flexible : Getting the Exchange Rate Right in the 1990s »
Series: Economic Issues
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 April 1998
DOI: http://dx.doi.org/10.5089/9781557756923.051
ISBN: 9781557756923
Keywords: exchange rate, capital inflows, exchange rates, flexible exchange rate, exchange rate arrangements
This paper examines the recent evolution of exchange rate policies inthe developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed floating"currenc...

Fixed or Flexible? Getting the Exchange Rate Right in the 1990s »
Series: Economic Issues
Author(s): Jahangir Aziz , and Francesco Caramazza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 April 1998
DOI: http://dx.doi.org/10.5089/9781455220038.051
ISBN: 9781455220038
Keywords: exchange rate, capital inflows, exchange rates, flexible exchange rate, exchange rate arrangements
This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed floating" curre...

Growth in East Asia : What We Can and What We Cannot infer »
Series: Economic Issues
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1996
DOI: http://dx.doi.org/10.5089/9781557756077.051
ISBN: 9781557756077
Keywords: economic growth, growth rates, technological progress, total factor productivity, growth rate
The spectacular growth of many economies in East Asia over the past 30years has impressed the economics profession, which often refers to thesuccess of the so-called Four Tigers of the region (Hong Kong, Korea, Sin...

Integrating Poor Countries into the World Trading System »
Series: Economic Issues
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 April 2006
DOI: http://dx.doi.org/10.5089/9781589064454.051
ISBN: 9781589064454
Keywords: Developing countries, Trade policy, Trade relations, trade liberalization, export earnings, trade facilitation, multilateral trade, export markets
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries' trade policies and their development strategies. However, although greater trade openness promise...

Liberalizing Capital Movements : Some Analytical Issues »
Series: Economic Issues
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 March 2005
DOI: http://dx.doi.org/10.5089/9781557757920.051
ISBN: 9781557757920
Keywords: Capital controls, Capital flows, Capital markets, capital account liberalization, moral hazard, financial markets, financial liberalization, capital markets
This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests aboutthe benefits of capital mobility and then examining the counterargumentsar...

Preserving Financial Stability »
Series: Economic Issues
Author(s): Garry Schinasi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 January 2006
DOI: http://dx.doi.org/10.5089/9781589063563.051
ISBN: 9781589063563
Keywords: Financial risk, Financial stability, financial stability, financial system, financial institutions, financial markets, financial services
Spurred by advances in information and computer technologies, financial liberalization and innovation took off inthe late 1970s. Although the changes in financial markets have been beneficial overall, our understan...

Promoting Growth in Sub-Saharan Africa : Learning What Works »
Series: Economic Issues
Author(s): Dhaneshwar Ghura , Anupam Basu , and Anthony Calamitsis
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 October 2000
DOI: http://dx.doi.org/10.5089/9781557759665.051
ISBN: 9781557759665
Keywords: growth rates, real gdp, economic growth, gdp growth, domestic savings
Africa is the world's poorest continent, but amid all the bad news, there is hope for change. This pamphlet examines the lessons to be learned from some of the more successful economies south of the Sahara, and dis...

Protecting Bank Deposits »
Series: Economic Issues
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 04 August 1997
DOI: http://dx.doi.org/10.5089/9781557756428.051
ISBN: 9781557756428
Keywords: deposit insurance, banking, banking system, bank managers, insurance system
Banking crises have led many countries to consider deposit insuranceschemes to protect depositors and the banking system itself from the impact of bank failures. But should society be unconditionally responsible fo...

Roads to Nowhere : How Corruption in Public investment Hurts Growth »
Series: Economic Issues
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 March 1998
DOI: http://dx.doi.org/10.5089/9781557757104.051
ISBN: 9781557757104
Keywords: public investment, government revenue, current expenditure, investment projects, rate of return
In some countries, corrupt politicians appear to choose investment projects based on the opportunity for bribes and kickbacks these projectspresent. This paper contends that such corruption increases the numberof c...