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Shifting Motives

Shifting Motives »

Source: Shifting Motives : Explaining the Buildup in official Reserves in Emerging Markets Since the 1980's

Volume/Issue: 2012/34

Series: IMF Working Papers

Author(s): Atish Ghosh , Jonathan Ostry , and Charalambos Tsangarides


Publication Date: 01 January 2012

ISBN: 9781463933197

Keywords: Quantile Regression, exchange rate, reserve holdings, short-term debt, exchange rate regime, Economic Growth of Open Economies,

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 1980s but, as EM...

Inequality and Unsustainable Growth

Inequality and Unsustainable Growth »

Source: Inequality and Unsustainable Growth : Two Sides of the Same Coin?

Volume/Issue: 2011/8

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , and Andrew Berg


Publication Date: 08 April 2011

ISBN: 9781463926564

Keywords: Cross country analysis, Developed countries, Economic growth, Emerging markets, Income distribution, Poverty reduction, sustainable growth, per capita income, external debt, external shocks

This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It builds on earlier empirical work that examined correlations between growth downbreaks/duratio...