No. Title Pub Authors Authors

1 Working Paper WP/02/101 . Structural Balance and all that: which indicators to use in assessing fiscal policy IMF Nigel A Chalk

2 Establishing Initial conditions in support of inflation targeting /WP/02/102 IMF Alina Carare3 Challenge of Fiscal Decentoalization in Transition Countries WP/02/103 June IMF Era Dabla Norris

4 Long Run Determinants of Exchange Rate Regines : A Simple Sensitivity Analysis WP/02/104 June IMF Grace John Paolo Mauro

5 Micro Basis of Budget System Reform . The Case of Transition Economic WP/02/105 June IMF Jack Diamond

6 Potential Role for Securitizing Public Sector Revenue Flows . WP/02/106 June IMF Nigel A Chalk

7 Suggestions for Atternative Measures of Budget Balance for South Africa WP/02/110 June IMF D F Jacobs

8 Forecasting Inflation in Indonesia WP/02/111 IMF Uma Ramakrishnan A Vamvaktdis9 Aid and Fiscal Management WP/02/112 IMF A Bulir Timothy Lane

10 Malaysia : From Crisis to Recovery .Occasional Paper - 207 IMF Kanta Meesook H Houng Lee11 Yemen in the 1990s : From Unification to Economics Reform Occasional Paper - 208 IMF Klaus Enders Sherwin Williams

12 Methodology for Current Account & Exchange Rate Assessment Occasional Paper - 209 IMF Peter Isard Hamid Faruqee

13 Capital Account Liberalization & Financial Sector Stability Occasional Paper - 211 IMF Shogo Ishii Karl Habermeier

14 Financial Soundness Indicators : Analytical Aspects & Country Practices Occasional Paper 212 IMF V Sundarajan Charles Enoch

15 Limits of Conditionality in Poverty Reduction Programme WP/02/115 IMF Tito Cordella Giovanni D Ariccia16 Assessing Monthly Progress towards Annual Fiscal Revenue Targets WP/02/116 IMF Daniel Kanda 17 Its Not What You Make. Its How You Use it WP/02/117 IMF Tamin Bayoumi Marcos Hacker18 Is Growth Enough ? Macroeconomics Policy and Poverty Reduction WP/02/118 IMF D G Ghura C A Leite19 Demutualization of Securities Exchange WP/02/119 IMF J Elliott 20 Capital Account Liberalization and Eco - Performance WP/02/120 IMF H J Edison M K Luca21 Labour Market Pooling WP/02/121 IMF G Deblasio Addario D22 Collateral in Loan Classification and Provisioning WP/02/122. IMF Inwon Song 23 Migration and Human Capital Formation : WP/02/123 IMF R Ramcharan 24 Some International Issues in Commodity Taxation WP/02/124 IMF Michael Keen

25 Internal Models - Based Capital Requlation and Bank Risk Taking Incentives / WP/02/125 IMF Paul Kupiec

26 Seductions of an under Development Trap : WP/02/126 IMF M Amelina D Gershenson27 Capital Flows to Transition Economics Master or Servant WP/02/11 IMF Leslie Lipschitz Timothy Lane 28 Lithnania : History and Future of the Currency Board Arrangement WP/02/127 IMF Patricia Alonso-Gamo

29 Inter governmental Grants Systems and Management: Application of a General Frame Work to Indonesia IMF Ehtisham Ahmad

30 Treasury Reform in Kozakhstan : lessons for Other Countries IMF E Tanoberg

31 Current Account and real Exchange Rate Dynamics in the G - 7 Countries WP/02/130 IMF Jaewoo Lee Menzie D Chinn

32 Will there be New Emerging - Market Economics in Africa by the year 2020 WP/02/131 IMF Jean - Claude Berthelemy Ludvig Soderling

33 The Speed of Adjustment and the Sequencing WP/02/132 IMF Salehm Nsouli Mounir Racheo

34 Bankruptcy Procedures for Sovereigns : A History of Ideas, 1976- 2001 WP/02/133 IMF Kenneth Rogoff Jeromin Zettelmeyer

35 Regional Labour Market Disparities in Beligum WP/02/134 IMF Marcello Estevao 36 Changes in the Structure of Earnings During the Polish Transition WP/02/135 IMF Michael P Keane Eswar S Prasad37 Indonesia : Managing Decentralization WP/02/136 IMF Ehtisham Ahmad Ali Mansoor 38 Central Bank Financial Strength Transparency and Policy Credibility WP/02/137 IMF Peter Stella

39 Liberalization of Trade in Financial Serticy and Financial Sector Stability Analytical Approach WP/02/138 IMF Alexei Kireyev

40 Liberalization of Trade in Financial Services and Financial Sector Stability Empirical Approach WP/02/139 IMF Alexei Kireyev

41 Issues in Domestic Petrolium Pricing in Oil Producing Countries WP/02/140 IMF Sanjeev Gupta42 Liability Dollarization and the Bank Balance Sheet Channel WP/02/141 IMF Woongyu Choi David Cook

List of IMF working Papers at IIF Library

43 Fiscal Consequences of Armed Conflict and Terrorism in Law and Middle Income Countries WP/02/142 IMF Sanjeev Gupta

44 Wage Centralization, Union Bargaining and Macroeconomic Performance WP/02/143 IMF James Mchugh 45 Sprending Currency Crisci : the Role of Economic interdependence WP/02/144 IMF Wolfram Berger Helmut Wagner46 International Financial Integrational Economic Growth WP/02/145 IMF Hali J Edison47 Determinants of Commercial Bank Performance in Transition WP/02/146 IMF David A Grigorian Vlad Manole

48 The Rise in Comovement Across National Stock Markets : Market Inegration or Global Bubble ?WP/02/147 IMF Robin Brooks Marco Del Negro

49 Trade and Integration in the Caribbcan WP/02/148 IMF Lippe Chandima Mendis50 Severeign Defaults : the Role of Volatility WP/02/149 IMF Luis Catao Bennett Sutton51 Are Mexican Business Cycles Asymmetrical? WP/02/150 IMF Andre Santos Oliveira52 Wage Moderation in France WP/02/151 IMF Marcello Estevao Nigar Negro53 Corporate Performance and Governance in Malaysia WP/02/152 IMF Yogesh Khatri Luc Leruta54 Growth in Switzerland : Can Better Performance be Sustained WP/02/153 IMF Anastassion Gagales

55 Asian Hn or Wall Street Virus ? Price and volatility Spillovers of the Tech and Non Tech Sector WP/02/154 IMF Jorge A Chan-Lau Iryna Livaschenko

56 The Evolution of Exchange Rate Regimes Since 1990 : Evidence From de Facto Policies WP/02/155 IMF Anorea Babula INCI Otker-Robe

57 The Determinants of on the Job Search : an Empirical Exploration WP/02/156 IMF Andres Fuentes

58 Internal Models Subordinated debt and Regulatory Capital Requirements for Bank credit risk WP/02/157 IMF Paul Kupiec

59 The Africa Growth and Opportunity act and its Rules of Origin : Generosity undermind WP/02/158 IMF Aadttya Mattoo Devesh Roy

60 Microfinance Institutions and Public Policy WP/02/159 IMF Danielc Hardy Paul Holden 61 How Competitive is Irish Manufacturing WP/02/160 IMF Valerie Cerra Jarkko Solkkell

62 The Rate of Private Sector Annuities Markets in an Individual Account Reform of a Public Pension Plan WP/02/161 IMF G A Mackenzie Sandy

63 Politics Government Size and Fiscal Adjustment in Industrial Countries WP/02/162 IMF Anthony Annett

64 Crisis prevention and Crisis Management : the Role of Regulatory Governance WP/02/163 IMF Udaibir S Das Marc Quintyn

65 On Sand the Role of Grease in Labour Markets : How Does Germany Compare? WP/02/164 IMF Anja Decressin Jorg Decressin

66 An Empirical Investigation of Exchange Rate Pass - Through in South Africa WP/02/165 IMF Ashok Bhundia

67 IMF - Supported Programe in Capital Account Crisis Occasional Paper - 210 IMF

68 IMF - Capital Account Liberalisation and Financial Sector Stability Occasional Paper - 211 IMF

69 Financial Soundness Indicators : Analytical Aspects & Country Practicis IMF 70 IMF Supported Programmes in Capital Account Crisis IMF

71 A Comparative Analysis of Government Social Spending Indicators and their Correlation with Social outcomes in sub saharan africa- WP/02/176 IMF

72 The ECB and Euro - Aran Enlargement WP/02/175 IMF 73 Transparency and International Investor Behaviour WP/02/174 IMF 74 Cotton Sector Strategies in West and Central Africa WP/02/173 IMF 75 The Missing Globalization Puzzle WP/02/171 IMF 76 Poverty Dynamics in Rural India WP/02/172 IMF 77 Sovereign Credit Rating Methodology : An Evaluation WP/02/170 IMF

78 Transition & Regional Inequality in Russia : Reorganisation or Procrastination WP/02/169 IMF

79 Recentralization in China ? WP/02/168 IMF 80 Statistical Treatment of ' Build Own Operate Transfer ' Schemes WP/02/167 IMF 81 Operational Aspects of Fiscal Policy in Oil Producing Countries WP/02/177 IMF 82 A New Financial System for Povert Reduction and Growth WP/02/178 IMF 83 Statistical Legislation : Toward a Move General Framework WP/02/179 IMF

84 Economic Transition, Entrepreneurial Capacity, and Intergenerational Distribution WP/02/180 IMF

85 Moral Hazard and International Crisis Lending : A Text WP/02/181 IMF 86 Exchange Rate Responses to Inflation in Bangladesh WP/02/166 IMF 87 International Financial Statistics IMF

88 Large and Complex Financial Institutions : Challenges and Policy Responses - Lessons From Sweden PDP03/1 IMF

89 The Energy Sector Reform and Macroeconomics Adjustment in Transition Economy : the Case of Romania IMF

90 The Equilibrium Real Exchange Rate of the Malagasy france Estimation and Assessment WP03/28 IMF Cady Cady

91 Economic Implications of China's Demographics in the 21st Century WP/03/29 IMF Cheng Cheng92 Trade, Growths and Poverty : A Selective Survey WP/03/30 IMF Kroeger Kroeger Andrew A93 Early - Warning Systems : A Survey and a Reqime Switching Approach 03/32 IMF Abiad Abiad94 Performance Budgeting : Managing the Reform Process IMF Diamond Diamond95 Short - Run Pain, Long - Run Gain : The Effects of Financial Liberalization IMF Kaminsky Kaminsky Schmukler G L 96 Fiscal Adjustment in Transition Countries : Evidence From the 1990s IMF Purfield Purfield97 The Long - Run Effects of Trade on Income and Income Growth WP/03/37 IMF Brunner Brunner

98 Do IMF - Supported Programe Help Make Fiscal Adjustment More Durable ? WP/03/38 IMF Bolir Bolir Moon A

99 Monetary Policy Rules for Financially Valnerable Economics WP/03/39 IMF Moron Moron Winkeirted E100 Foreign Aid and Consumption Smoothing : Evidence From Global Food Aid WP/03/40 IMF Gupta Gupta Clements S

101 Exchange Rates in the Periphery & International Adjustment under the Gold Standard WP/03/41 IMF Catao Catao Solomou L

102 Taxation & Pricing of Petroleum Products in Developing Countries WP/03/42 IMF Hossain Hossain

103 Poverty and Social Impact Analysis Linking Macroeconomics Polices to Poverty out Comes WP/03/43 IMF Robb Robb

104 Estimation of the Equilibrium Real Exchange Rate for South Africa WP/03/44 IMF Donald Donald Ricci R M105 Primary Dealers in Government Securities : WP/03/45 IMF Arnone Arnone Iden M

106 Are They all in the Some Boat ? The 2000 - 2001 Growth Slowdown & G - 7 Business Cyclelinkage IMF Helbling Helbling Bayoumi T L

107 Market Volatility as a Financial Soundness Indicator WP/03/47 IMF Morales Morales Schumacher R A108 Did Output Recover From the Asian Crisis ? WP/03/48 IMF Cerra Cerra Saxena V109 Would " Cold Turkey " Work in Turkey ? WP/03/43 IMF Elason Elason Gelos O110 Does Insider Trading Raise Market Volatility ? IMF Du Du Wei J111 Country and Industry Dynamics in Stock Returns IMF Catao Catao Timmerman L112 Inflation Performance and Constitutional Central Bank Independence : WP/03/53 IMF Gutierrer Gutierrer113 Trade Cost, Market Integration & Macroeconomic Volatility WP/03/54 IMF Brunner Brunner Naknoi A D114 Firm - Level Evidence on International Stock Market Comovement WP/03/55 IMF Brooks Brooks Negro R115 Current Issues in the Design & Conduct of Monetary Policy WP/03/56 IMF Khan Khan

116 Do Elections Always Motivate, Incumbents ? Experimentation Vs Carrer - Concerns WP/03/57 IMF Borgne Borgne Lockwood E L

117 Availability of Financial Soundness Indicators WP/03/58 IMF Slack Slack

118 Determinants of the Choice of Exchange Rate Regimes in Six Central American Countries WP/03/59 IMF Papaioannou

Papaioannou119 Exchange Rate Policy and Debt Crisis in Emerging Economics WP/03/60 IMF Jahjah Jahjah Montiel S

120 The Impact of External Indebtedness or Poverty in Law - Income Countries WP/03/61 IMF Loko Loko Mlachila B

121 Factors Underlying the Definition of Broad Money WP/03/62 IMF Lim Lim Sriram E G122 Interest Rates, Credit Rationing and Investment in Developing Countries WP/03/63 IMF Nkusu Nkusu123 How to Fight Deflation in a Liquidity Trap : WP/03/64 IMF Eggertsson Eggertsson124 How to Fight Deflation in a Liquidity Trap : WP/03/64 IMF Eggertsson Eggertsson125 Fiscal Deficits and Inflation IMF Catao Catao Terrones L

126 The GCC Monetary Union : Some Considerations for the Exchange Rate Regine WP/03/66 IMF Abed Abed

127 Exchange Rate : WP/03/67 IMF Jain Jain128 PPP Strikes Back : Aggregation & the Real Exchange Rate WP/03/68 IMF Imbs Imbs

129 The NeWorking Paperartnership for Africa's Development : Opportunities & Challenges WP/03/69 IMF Funke Funke Nsooli N

130 The Impact of Monetary Policy on the Bilateral Exchange Rate : WP/03/71 IMF Zettelmeyer Zettelmeyer

131 Macroeconomic Performance & Poverty Reduction WP/03/72 IMF Epaulard Epaulard

132 On the Heterogeneity Bias of Pooled Estimators in Stationary VAR Specification WP/03/73 IMF Rebucci Rebucci

133 Job Specific Investment and the Cost of Dismissal Restriction - The Case of Portugal WP/03/75 IMF Takizawa Takizawa

134 Re - Establishing Credible Nominal Anchors After a Financial Crisis : WP/03/76 IMF Berg Berg

135 Deflation in Hong Kong SAR . WP/03/77 IMF Schellekens Schellekens

136 Do Fixed Exchange Rates Induce More Fiscal Discipline ? WP/03/78 IMF Sun Sun137 Fatal Attraction : A New Measure of Contagion WP/03/80 IMF Bayoumi Bayoumi138 Trade Finance, Specialization and Synchronization WP/03/81 IMF Imbs Imbs Jean139 The ECB'S Money Pillar : An Assessment WP/03/82 IMF Jaeger Jaeger Albert140 Gender - Responsive Government Budgeting WP/03/83 IMF Sarraf Sarraf Feridoun141 Unanticipated Shocks and Systemic Influences : WP/03/84 IMF Dungey Dungey142 Regional Impact of Code d'lvoire's 1999-2000 Sociopolitical Crisis WP/03/85 IMF Dore Dore143 Pricing Policies and Inflation Inertia WP/03/87 IMF Cespedes Cespedes144 Budget Support Versus Project Aid WP/03/88 IMF Cordella Cordella145 Argentina Macroeconomic Crisis and Household Vulnerability WP/03/89 IMF Corbacho Corbacho

146 Foreign Exchange Intervention and the Australian Dollar : Has it Mattered ? WP/03/99 IMF Edison Edison

147 Regional Convergence and the Role of Federal Transfers in Canada WP/03/97 IMF Kaufman Kaufman

148 IMF Condionality and Program Ownership : A Case for Streamlined conditionality WP/03/98 IMF Erbas Erbas

149 Network Externalities and Dollarization Mysteresis : the Case of Russia WP/03/96 IMF Oomes Oomes150 An Intraday Pricing Model of Foreign Exchange Markets WP/03/115 IMF Romeu Romeu151 Do Brazilian Banks Compete ? IMF Belaish Belaish152 Retail Bank Interest Rate Pass - Through : Is Chile A Typical ? WP/03/112 IMF Vega Vega Rebucci Mae153 Nonlinear Exchange Rate Models : A Selective Overview WP/03/111 IMF Sarno Sarno

154 Measuring the Impact of Distortions in Agricultural Trade in Partial and General Equilibrium WP/03/110 IMF Tokarick Tokarick

155 The Role of Stock Markets in Current Account Dynamics : Evidence From the U S WP/03/108 IMF Mercereau Mercereau

156 Reforming Integovernmertal Fiscal Relations in Arqentina WP/03/90 IMF Cuevas Cuevas157 The ECB'S Inflation Objectives WP/03/91 IMF Kieler Kieler

158 Pick your Poison : The Exchange Rate Regime & Capital Account Volatility in Emerging Markets WP/03/92 IMF Iwata Iwata Tanner S

159 The Equilibrium Real Exchange Rate in a Commodity Exporting Country : the Case of Russia WP/03/93 IMF Spatafora Spatafora Stavreve N

160 Cross - Country & Cross - Sector Analysis of Transparency of Monetary and Financial Policies WP/03/94 IMF Sundarajan Sundarajan

161 Foreign Exchange Intervention in Developing & Transition Economies : Results of a Survey WP/03/95 IMF Canales Canales Kriljenko J

162 Stock Markets & the Real Exchange Rate : An Intertemporal Approach WP/03/109 IMF Mercereau Mercereau163 The Corporation of Foreign Bondholders WP/03/107 IMF Mauro Mauro Yafeh P

164 Anticipating Credit Events Using Credit Default Swaps, with an Application to Soverign Debt Crisis /WP/03/106 IMF Chan-Lau jorge A Chan-

Lau jorge A

165 Overshooting and Dollarization in the Democratic Republic of the Congo. WP/03/105 IMF Beaugrand philippe Beaugrand philippe

166 Estimation of the Equilibrium Real Exchange Rate for Malawi WP/03/104 IMF Mathisen Mathisen

167 Armenia :The Road to Sustained Rapid Growth Cross - Country Evidence WP/03/103 IMF Iradian Iradian

168 Bayesian Vars : A Survey of the Recent Literature with an Application to the European Monetary System WP/03/102 IMF Ciccareili Ciccareili Rebucci M

169 Deflation Determinants Risks & Policy Options Occasional Paper 221 IMF

170 Informal Funds Transfer System : An Analysis of the Informal Hawala System Occasional Paper - 222 IMF Qorchi Qorchi M E I Qorchi

171 Monetary Union Among Member Countries of the Gulf Corporation Council O P 223 IMF Fasano Fasano U Fasano172 Managing Systemic Banking Crises Occassional Paper - 224 IMF Hoeischer Hoeischer D S Hoeischer173 A Comparison Between Two Public Expenditure Mgt. System in Africa WP/03/02 IMF Lienert Lienert I Lienert174 What Determines the Reservation Wages of Unemployed Workers ? WP/03/04 IMF Prasad Prasad E S Prasad

175 Optimal Monetary Policy in a Small Open Economy With Habit Formation & Nominal Rigidities WP/03/05 IMF Choi Choi W G Choi

176 Small African Stock Markets - The Case of Lusaka Stock Exchange IMF Marone Marone H Marone

177 Currency Demand ,the Underground Economy and Tax Evasion : The Case of Guyana WP/03/07 IMF Faal Faal E Faal

178 Inflation Targeting Regimes WP/03/09 IMF Carare Carare Atina Carare179 FDI to Africa : The Role of Price Stability & Currency Instability WP/03/10 IMF Rogoff Rogoff K Rogoff180 Dollarization of Liabilities : Beyond the Usual Suspects WP/03/11 IMF Barajas Barajas A Barajas181 Inflation Targeting Lit WP/03/12 IMF Stone Stone M R Stone182 Towards a Statutory Approach to Sovereign Debt Restructuring : WP/03/13 IMF Bolton Bolton P Bolton183 Income Inequality & Redistributive Govt. Spending WP/03/14 IMF Mello Mello L D Mello184 Information Technology & Productivity Growth in Asia WP/03/15 IMF Lee Lee Hang Lee185 Political Economy of Oil Revenue Sharing in a Developing Country WP/03/16 IMF Ahmad Ahmad E Ahmad186 What Happens After Supervisory Intervention ? WP/03/17 IMF Andrews Andrews M Andrews187 Anticipating Arrears to the IMF : Early Warning Systems WP/03/18 IMF Oka Oka C Oka188 Fiscal Sustainability & Resource Mobilization in the Dominica Republic WP/0319 IMF Melhado Melhado O Melhado189 Medium Term Exchange Rate Forecasting : What can We Expect ? WP/03/21 IMF Meredith Meredith G Meredith

190 An Analysis of the Underground Economy & Its Macro Economic Consequences WP/03/23 IMF Norrise Norrise D Norrise

191 Financial Infrastructure Group Interest & Capital Accumulation WP/03/24 IMF Bossone Bossone B Bossone

192 Some Implication for Monetary Policy of Uncertain Exchange Rate Pass - Through WP/03/25 IMF Hunt Hunt B Hunt

193 Exchange Rate Regime Considerations in an Oil Economy WP/03/26 IMF Celason Celason O Celason194 How Does Globalization Affect the Synchronization of Business Cycles ? WP/03/27 IMF Kose Kose M A Kose195 Welfare Implication of HIV/AIDS WP/03/118 IMF Crafts Crafts N Crafts

196 The Millenium Development Goals the Emerging Frame Work For Capacity Building WP/03/119 IMF Hakura Hakura D S Hakura

197 Changes in Inventories in the National Accounts WP/03/120 IMF Shrestha Shrestha Manik Shrestha198 Trade Liberalization & Real Exchange Rate Movement WP/03/124 IMF Li Li X Li199 Modeling Stochastic Volatility with Application to Stock Returns WP/03/125 IMF Krichene Krichene N Krichene200 Determinants of Inflation in a Transition Economy : the Case of Ukraine WP/03/126 IMF Lissovolik Lissovolik B Lissovolik

201 Trade Credit & the Effect of Macro - Financial Shocks : Evidence From U.S Panel Data WP/03/127 IMF Choi Choi W G Choi

202 Capital Operating Time and Total Factor Productivity Growth in France WP/03/128 IMF Everart Everart L Everart203 Does Inflation Targeting Matter? WP/03/129 IMF Ball Ball Laurence Ball204 Exchange Rate Pass - Through in Romania WP/03/130 IMF Guerguiev Guerguiev N Guerguiev

205 Predictive Ability of Asymmetric Volatility Models at Medium Term Horizons WP/03/131 IMF Kisinbay Kisinbay T Kisinbay

206 Is Transparency Good for You and Can the IMF Help ? IMF Glennerster Glennerster R Glennerster

207 The Distributional Consequences of Real Exchange Rate Adjustment WP/03/133 IMF Klynev vlandimir Klynev vlandimir Klynev vlandimir

208 Sovereign Bond Restructuring : Collective Action Clauses WP/03/134 IMF Kletzer Kletzer K M Kletzer

209 Central Bank Foreign Exchange Market Intervention & Option Contract Specification WP/03/135 IMF Mandeng Mandeng O Mandeng

210 Enterprise Restructuring & Transition : Evidence From the Former Yugoslav Republic WP/03/136 IMF Zalduendo Zalduendo J Zalduendo

211 Exchange Rate Regime Considerations for Jordan & Lebanon WP/03/137 IMF Bhattacharya Bhattacharya R Bhattacharya

212 Addressing the Natural Resource Course : An Illustration From Nigeria WP/03/139 IMF Martin Martin X S Martin213 Trade Elasticity's & Market Expectation in Brazil WP/03/140 IMF Paiva Paiva C Paiva214 Exchange Rate Pass - Through in Brazil WP/03/141 IMF Belaisch Belaisch A Belaisch215 The Efficiency of the Japanese Equity Market WP/03/142 IMF Nagayasu Nagayasu J Nagayasu216 The Response of the Current Account to Terms of Trade Shocks WP/03/143 IMF Kent Kent C Kent217 A Political Agency Theory of Central Bank Independence WP/03/144 IMF Eggertsson Eggertsson G Eggertsson218 Assessing Fiscal Sustainability : A Cross Country Comparison WP/03/145 IMF Croce Croce E Croce219 Dollarization of the Banking System : Good or Bad ? WP/03/146 IMF Nicolo Nicolo G D Nicolo220 Exits From Pegged Regimes : An Empirical Analysis WP/03/147 IMF Dutta Dutta Gupta R Dutta221 The Role of Information in Driving FDI Flows : WP/03/148 IMF Mody Mody A Mody

222 The Cost Channel of Monetary Policy : Further Evidence for the United States WP/03/149 IMF Rabanal Rabanal P Rabanal

223 The Performance of Indian Banks During Financial Liberalization WP/03/150 IMF Koeva Koeva P Koeva

224 Sticky Inflation & the Real Effects of Exchange Rate - Based Stabilization WP/03/151 IMF Celason Celason O Celason

225 Official Intervention in the Foreign Exchange Market : WP/03/152 IMF Canales Canales Krillenko Canales226 What Would a Development - Friendly WTO Architecture Really Look Like ? 03/153 IMF Mattoo Mattoo A Mattoo

227 Does Productivity Growth Lead to Appreciation of the Real Exchange Rate ? WP/03/154 IMF Lee Lee J Lee

228 Fiscal Policy in Nigeria : WP/03/155 IMF Baunsgaard Baunsgaard T Baunsgaard

229 Singapore, Inc. Versus the Private Sector : WP/03/156 IMF Ramirez Ramirez C D Ramirez230 Hierarchy & Authority in a Dynamic Perspective WP/03/157 IMF Yontcheva Yontcheva B Yontcheva231 Asymmetric Adjustment & Nonlinear Dynamics in Real Exchange Rates WP/03/159 IMF Leon Leon H Leon

232 " Economic Policy in a Highly Dollarized Economy : The Case of Cambodia " Occassional Paper 219 IMF Zamarocy Zamarocy M D Zamarocy

233 Exchange Rate Regime Choice in Historical Perspective WP/03/160 IMF Bordo Bordo Michael D Bordo234 Recovery Rates From Distresses Debt - WP/03/161 IMF Singh Singh Manmohan Singh235 The Wage Price Spiral : Industrial Country Evidence and implications - WP/03164 IMF Kandil Kandil Mogda Kandil

236 Social Returns to Education : Evidence From Italian local labor market areas - WP/03/165 IMF Dalmazzo Dalmazzo Alberto Dalmazzo

237 Does Trade Credit Substitute for Bank Credit ? WP/03/166 IMF Blasio Blasio Guido De Blasio238 Diamond Smuggling & Taxation in Sub Saharan Africa WP/167 IMF Oomes Oomes Nand Oomes

239 Economic Resilience with an Exchange Rate Peg :The Barbados experience WP/03/168 IMF Worrell Worrell Delisle Worrell

240 From Program to Performance Budgeting :The Challenge For Emerging Market Economies WP/03/169 IMF Diamond Diamond Jack Diamond

241 " Capital Markets & Financial Intermediation in the Baltics : Occasional Paper 228 " IMF Shipke Shipke A Shipke242 " U S Fiscal Policies & Priorities for Long - Run Sustainability Occasional Paper 227 " IMF Muhleisen Muhleisen M Muhleisen

243 The Federal Democratic Republic of Ethiopia Enhanced Initiative for Heavily Indebted Poor 04/116 IMF

244 Guyana : Enhanced Initiative for Heavily Indebted Poor Countries 04/123 IMF

245 Republic of Mozambique : Poverty Reduction Strategy Paper Progress Report - 04/135 IMF

246 Republic of Armenia : Fifth Review under the Poverty Reduction no 04/136 IMF 247 Republic of Slovenia : Financial System Stability Assessment Update no 04/137 IMF

248 Algeria : Financial System Stability Assessment Including Reports on the Observance - 04/138 IMF

249 The Gambia : Selected Issues & Statistical Appendix no 04/142 IMF

250 The Gambia : 2003 Article IV Consultation in Staff Report : Report on Non Complying Disbursement - 04/143 IMF

251 Hungary : Selected Issues - 04/146 IMF

252 Hungary : Report on the Observance of Standards & Codes - Data Module Update ------ no 04/147 IMF

253 Hungary : Report on the Observance of Standards & Codes Fiscal Transparency Module -Update ------ no 04/148 IMF

254 Kuwait : Financial System Stability Assessment Including Report on the Observance of Standards ---- no 04/151 IMF

255 Djibouti : Poverty Reduction in Strategy Paper Progress Report ------- no 04/152 IMF 256 Barbados : Statistical Appendix ------ no 04/153 IMF 257 Chile Institutions & Policies Underpinning Stability & Growth IMF Eliot Kalter258 Germany's Three Pillar Banking System Cross Country Perspectives in Europe IMF A Brllnner

259 The Empirics of Foreign Exchange Intervention in Emerging Market Countries WP/04/123 IMF Roberto F Guimaraes CEM Karacadag

260 The Contingent Claims Approach to Corporate Vulnerability analysis WP/04/121 IMF Michael T Gapen Dale Gray

261 A New Approach to Taxing Financial intermediation services under a value added tax WP/04/119 IMF Howell H Zee

262 Assessing the Assessment : Five Test for Euro Entry WP/04/116 IMF Carlo Cattarelli Julio Escolano263 On Fixed & Variable Fiscal Surplus Rules WP/04/117 IMF Erdem Basci M Ekinci264 Sources of Growth in the Democratic Republic of the congo WP/04/114 IMF Bernardin Akitoby Matthias Cinyabugum265 An Approach to Long Term Fiscal Policy Analysis WP/04/113 IMF Steven Dunaway Papa N Diaye

266 Caribbean Business Cycles WP/04/136 IMF Paul Cashin 267 Once Again is Openness Good for Growth ? WP/04/135 IMF Ha Ricci Lee Antonia Luca268 The Role of Mature Market Mutual Funds in emerging markets WP/04/133 IMF Li Lian Ong Amadou Sy269 Choosing a Budget Mgt. System WP/04/132 IMF Ian Lienert 270 Zimbabwe : A Quest for a Nominal Anchor WP/04/130 IMF Arto Kovanen 271 When in Peril Retrench : Testing the Portfolio Channel of Contagion WP/04/131 IMF Fernando Broner R Gaston Gelos272 Foreign Banks in Emerging Market Crises WP/04/129 IMF Enrica Detragiache Poonam Gupta273 Russia & the WTO : The " Gravity " of Outsider Status WP/04/159 IMF Bogdan Lissovolik Yaroslav Lissovolik

274 Front - Loaded or Back Loaded Fiscal Adjustment What Works in Emerging Market Economies WP/04/157 IMF Emanuele Baldacci

275 Dimensions of Land Inequality & Economic Development WP/04/158 IMF Lennart Erickson Dietrich Vollrath276 Fiscal Policy & Debt Sustainability WP/04/156 IMF Fabio Giambiagi Marcio Ronci277 The IMF & Russia in the 1990's ------------------------ WP/04/155 IMF John Odling Smee 278 Measuring the Trade Effects of EMU WP/04/154 IMF Hamid Faruqee 279 Quantitative Assesssment of the Financial Sector WP/04/153 IMF Delisle Worrell

280 What are the Potential Economic Benefits of Enlarging the Gulf Cooperation Council WP/04/152 IMF Saade Chami Selim Elekdag

281 Analysis of Recent Growth in Law- Income CIS Countries WP/04/151 IMF Elena Loukoianova Anna Llnigovskaya282 Identifying Threshold Effects in Credit Risk Stress Testing WP/04/150 IMF J Gash Morales Giancarlo283 Bank Consolidation & Performance : the Argentina Experience WP/04/149 IMF Ritu Baso Marston David Druck284 Country Insurance WP/04/148 IMF Eduardo Levy Yeyati Tito Cordeua

285 Structural Factors Affecting Exchange Rate Volatility : A Cross Section Study WP/04/147 IMF Jorge Canales Habermeier Karl Krilje

286 Ghostbusting : Which Output Gap Measure Really Matters ? WP/04/146 IMF Andreas Billmeier

287 A Reexamination of Korea's Trade Flows : What has Changed & What Explains these changes WP/04/145 IMF Kevin C Cheng

288 Regional Economic Disparities in Australia WP/04/144 IMF Uma Ramakrishnan Martin Cerisola289 Taxation Reforms & Changes in Revenue Assignment in China WP/04/125 IMF Ehtisham Ahmad Raju Singh290 Stress Testing Financial System : What to do When the Governor Calls WP/04/127 IMF Matthew T Jones Paul Hilbers

291 From Fixed to Floating : Operational Aspects of Moving Towards Exchange Rate Flexibility IMF Gupta Dutta Ferrandez Rupa

292 Explaining Efficiency Difference Among Large German & Austrian Banks WP/04/140 IMF David Hauner

293 Risk Instability & the Pattern of Foreign Direct Investment WP/04/139 IMF Kitty K Chan Edward Gemayal294 Choosing the Correct Currency Anchor for a Small Economy WP/04/142 IMF Sibel Yelten 295 Economic Integration Business Cycle & Productivity in north americaWP/04/138 IMF Roberto Cardarelli M Ayhan Kose296 Are Developing Countries Better off Spending their Oil Wealth Upfront ? WP/04/141 IMF Hajime Takizawa Edward H Gardner297 Fiscal Adjustment in EU Countries : A Balance Sheet Approach WP/04/143 IMF Ferretti Milesi Maria Gian

298 Tanzania : 2004 Poverty Reuction & Growth Facility -------------- Country Report no 04/285 IMF

299 Paraghay ----------- Waiver of Non Observance Country Report no 04/294 IMF 300 Tannzania : Poverty Reduction ------------------ Country Report no 04/283 IMF

301 Democratic Republic of Timor - Lest Statistical Appendix ------------- Country Report no 04/320 IMF

302 Eastern Caribbean ---------- Currency Union Country Report no 04/299 IMF 303 Malawi : Staff Monitored Program ------------------- Country Report no 04/295 IMF

304 Romania : For Waiver & Modification of Performance ------------- Country Report no 04/319 IMF

305 Cape Verde : Under Poverty Reduction & Growth Facility ------------ Country Report no 04/304 IMF

306 Kingdom of Netherlands : Financial Sector Country Report no 04/311 IMF 307 Chile : 2004 Public Information Notice on the --------------- Country Report no 04/291 IMF 308 Uganda : Poverty Reduction & Growth Facility ---------- Country Report no 04/289 IMF 309 Islamic Republic of Iran ------------------ Country Report no 04/306 IMF 310 Chile : Selected Issues ------------ Country Report no 04/292 IMF 311 Lebanon : Report on Intrium Staff Visit Country Report no 04/313 IMF

312 Chile : Financial Sector ------- Monetary & Financial Policies --------- Country Report no 04/326 IMF

313 Kingdom of the Netherlands ---------- Country Report no 04/300 IMF

314 Russian Federation ----------------- Country Report no Country Report no 04/314 IMF 315 Quota Brokers WP/04/179 IMF Susumu Imai Kala Krishna

316 An Institutional Framework for Comparing Emerging Market Currency Boards WP/04/184 IMF Marie Therese Camilleri Gilson

317 Pension Funds & Emerging Markets WP/04/181 IMF Chan-Lau A Jorge

318 Intercreditor Distribution Sovereign Debt Restructuring WP/04/183 IMF Ousmene Jacques Mandeng

319 Institutions, Program Implementation & Macroeconomic Performance WP/04/184 IMF Saleh M Nsouli320 What do we Know About Tariff Incidence ? /WP/04/182 IMF Stephen Takarick 321 R & D Innovation & Economic Growth : An Empirical Analysis WP/04/185 IMF Hulya Ulku 322 Understanding India's Services Revolution WP/04/171 IMF James Gordon Poonam Gupta

323 The Role of KAMCO in Resolving Non Performing Loans in the Republic of korea WP/04/172 IMF He Dong

324 Domestic Competion Spurs Exports : the Indian Example WP/04/173 IMF Tushar Poddar 325 Microfinance in Africa : Experience & Lessons /WP/04/174 IMF Anupam Basu Rodolphe Blavy326 Insurance Value of International Reserves : An Option Pricing Approach WP/04/175 IMF Jaewoo Lee 327 Sources of Growth in Sub - Saharan Africa WP/04/176 IMF Amor Tahari328 What is an Emerging Market ? WP/04/177 IMF Ashoka Mody

329 Trade Liberalization, Exchange Rate Changes & Tax revenue in sub-saharan africa WP/04/178 IMF Tarence Agbeyegbe

330 Monetary Policy Rules & the U.S Business Cycles WP/04/164 IMF Rau Rabanal

331 Will You Buy my Peg ? The Credibility of a Fixed Exchange Rate Regime as a determinant of bilateral trade WP/04/165 IMF Bernhard Krockow Fritz

332 Monetary & Exchange Rate Policies in Colombia WP/04/106 IMF Sergio Clavijo

333 Foreign Currency Deposits & International Liquidity : shortages in pakistan WP/04/167 IMF Abbas Mirakhor Iqbal Zaidi

334 The Challenges of Fiscal Adjustment in a Democracy WP/04/168 IMF Richard Mausmaun Catriona Purfield335 The Impact of Preference Eroston on Middle Income Developing Countries IMF Katerina Alexandroki Hans Peter Lankes336 Financing Uganda's Poverty Reduction in Strategy WP/04/170 IMF Mwanza Nkusu 337 External Debt Sustainability in HIPC Completion Point Countries / WP/04/160 IMF Van Sun 338 Grants Versus Loans : WP/04/161 IMF Tito Cordella Hulya Ulku

339 Credible Commitment to Optimal Escape From a Liquidity Trap : The role of the balance sheet WP/04/162 IMF Olivier Jeanne Lars E O Svensson

340 Can Public Discussion Enhance Program Ownership ? WP/04/163 IMF Allan Drazen Peter Isard341 Defining Financial Stability WP/04/187 IMF Garry J Schinasi 342 Real Exchange Rates in Developing Countries : Are ------------ WP/04/188 IMF Ehsanu Choudhary Mohsin S Khan343 Can Higher Reserves Help Reduce Exchange Rate Volatility ? WP/04/189 IMF Ketil Hviding Michael Nowak344 The Internal Job Market of the INFIS Economist Program WP/04/190 IMF Greg Barron Felin Vardy345 A New Tanonomy of Monetary Regimes WP/04/191 IMF Mark R Stone Ashok J Bhundir346 Fear of Service Outsourcing : Is it Justified ? WP/04/186 IMF Mary Amiti Shang-Jin Wei347 The Nussa theorem and other Resultson Inf Induced Moral Hazand WP/04/192 IMF Olivier Jeanne Jeromin Zettelmeyer348 Work Absence in Europe WP/04/193 IMF Leo Bonato Lusine Lusinyan

349 A Theory Workers Remittances With an Application to Marocco WP/04/194 IMF Jacques Bouhga Hagbe

350 Deconstructing of the Art of Central Banking WP/04/195 IMF Tamin Bayoumi Silvia Sgherri351 Deriving Market Expectation the Euro Dollar Exchange Rate ------- WP/04/196 IMF Noureddine Krichene 352 Keeping Capital Howing : The Role of the IMF WP/04/197 IMF Michael Bordo Ashoka Modly353 Growth & Convergence in WAEMO Countries WP/04/198 IMF Abdoul Aziz Nane 354 Managerial Incentives & Financial Contagion IMF Sujji Chakravorti Subir Lall355 Why is Productivity Growth in the Euro Area SO Strategy IMF Marcello N Esterao

356 Financial Sector Development in the Middle East & North Africa ------------- WP/04/201 IMF Susan Creane

357 The Cyclical & Long Term Behavior of Govt. Expenditure in Developing Countries ------------------ WP/04/202 IMF Bernarden Akitoby

358 Can the IMF is Medium - Term Growth Projections be Improved ? ----------------- WP/04/203 IMF Catia Batista Juan Zalduendo

359 Inflotion & Monetary Pass - Through in Guinea WP/04/223 IMF Rodolphe Blany 360 Macroeconomics Implication of Natural Disasters WP/04/224 IMF Tobias Rasmussen 361 Trade Finance & Trade Flows : Panel Data Evidence WP/04/225 IMF Marcio Ronci

362 Central Bank Governance : A Survey of Boards & Mgt. WP/04/226 IMF Joanne Marris Tonny Lybek

363 COMESA & SADC : Prospects & Challenges for Regional Trade Integration WP/04/227 IMF Padamja Khandewal

364 A Common Currency for Belarus & Russia ? -------------- WP/04/228 IMF Anne- Marie Guide365 Exchange Rate Money & Wages : What is Driving Prices in Armenia WP/04/229 IMF David Grigorian 366 Does Compliance with Basel Core Principles Bring any ----------- WP/04/204 IMF Richard Podpiera367 Wage Compression Employment Restrictions & ---------------- WP/04/205 IMF Nathan Porter 368 Foreign Direct Investment & Regional Trade Agreements --------------- WP/04/206 IMF Florence Jaumotte 369 Evolution of the Relative Price of Goods & Services -------------- WP/04/207 IMF Vladimir Klyuev

370 Measuring Disinflation Credibitoy in Emerging Market -------------------------- WP/04/208 IMF Marco Rossi Atessandro Rebucci

371 In the Pipeline : Georgia's Oil & Gas Transil Revenues----------------------------- WP/04/269 IMF Andreas Billmeiel

372 Exchange Rate Policy & Sovereign Bond Spreads in developing countries WP/04/210 IMF Samir Jahtah Vivian Hanmei Vue

373 Interest Rate Pass- Through in Romania & Others Central European Economies WP/04/211 IMF Alenander Tieman

374 Are There Negative Returns to Aid ? A Comment WP/04/212 IMF Nwanza Nkusu 375 The Greenbook & U.S. Monetary Policy WP/04/213 IMF Robert Tehaidze 376 The Distributional Bias of Public Education WP/04/214 IMF Era Dobla Norris Mark Gradstein377 What Determines Long Run Macroeconomic Stability WP/04/215 IMF Shanker Satyanath Arvind Subramanian

378 Exchange Rate Policy & the Mgt of Official & Private Capital Flows in Africa -------------------------------- WP/04/216 IMF Edward Buffie

379 Social Spending Human Capital & Growth in Developing Countries WP/04/217 IMF Emanuele Balacci380 Can the Private Annuity Market Provide Secure Retirement Income? WP/04/230 IMF G A Mackenzie Allison Schrager381 Institutional Quality & International Trade WP/04/23 IMF Andrei A Levchenko

382 Macroeconomic Implications of the Transition to Inflation targeting and capital account liberalisation in Romania WP/04/232 IMF Pelin Berkmen Nikolgy Guerguiev

383 The Relationship Between Macroeconomics Statistics, guidelines and accounting standards WP/04/233 IMF Lucie Laliberte

384 Technology Shocks & Aggregate Fluctuations WP/04/234 IMF Jordi Gali Pau Robanal385 Managing Confidence in Emerging Market Bank Runs /WP/04/235 IMF Se-Jik Kim Ashoka Mody

386 Institutions & the External Capital Structure of Countries ------------------------- WP/04/236 IMF Andre Farla Paolo Mauro

387 Integrated a United Revenue Administration for Tax & Social Contribution ----------------------------- WP/04/237 IMF Peter Barrand

388 Local Financial Development the Aid Growth Relationship WP/04/238 IMF Mwanza Nkusu389 Capital Inflows Sterilization & Commercial Bank WP/04/218 IMF Jakob Christensen 390 A Model of the IMF as a Coinsurance Arrangement WP/04/219 IMF Ralph Chami

391 On the Design & Effectiveness of Targeted Expenditure -------------------- WP/04/220 IMF Entisham Ahmod Leonardo Mortinez

392 Sovereign Borrowing by Developing Countries ----------------- WP/04/221 IMF Gaston R Gelos

393 Currency Bloc Formation as a Dynamic Process Trade Network ------------------------------------ WP/04/222 IMF Etienne B Yehoue

394 State Owned Banks Stability, Privatization & Growth WP/05/10 IMF Michael A Andrews 395 Implcit Transfers in IMF Lending 1973-2003 IMF Jeromin Zettelmeyer Priyadarshani Joshi

396 Asymmetric Effects of Government Spending : Does the Level of Real Interest matters? WP/05/7 IMF Woon Gyu Choi Michael B Devereux

397 Asset Mispricing Due to Congnitive Dissonance ------------------------ WP/05/9 IMF Burkhard Dress Bernhard Eckwert398 Stock Market Liquidity the Macroeconomicy : Evidence From Japan WP/05/6 IMF Woon Gyu Choi David Cook399 Trade Costs & Real Exchange Rate Volatility WP/05/5 IMF Claudie Ortega Giovanni Brano400 The International Effects of Government Spending Composition IMF Giovanni Ganelli 401 Financial Globalization & Exchange Rates WP/05/3 IMF Philipp Lane Gian Fenetti

402 The Political Economy of Revenue Forecasting experience from low income countries / WP/05/2 IMF Stephan Danninger Marco Congiane

403 Remoteness & Real Exchange Rate Volatility /WP/05/1 IMF Claudio Bravo-Ortega Julian Di Giovanni404 Growth, Expansion of Market & Income Elasticities in World Trade WP/05/11 IMF Yi Wu 405 Trade & Growth in the Presence of Distortions WP/05/12 IMF James Cassing Stephan Tokarick406 Currency Crises in Developed & Emerging Market Economies WP/05/13 IMF Thomson Fontaine

407 Revenue Forecasts as Performance Targets WP/05/14 IMF Stephan Danninger 408 Capitalizing Central Bank a Net Worth Approach WP/05/15 IMF Alain Ize 409 The Russian Flat Tax Reform IMF Anna Ivanova Others410 Growth Empirics Under Model Uncertainty : Is Africa Different ? IMF Charalan Tsangarides Bos G411 Competition & Efficiency in Banking Behavioral Evidence from Ghana WP/05/17 IMF Thierry Buchs Johan Mathisen

412 How do Trade & Financial Integration Affect the relationship between growth and volatility? WP/05/19 IMF M Kose Prasad Ayhan

413 Trade Liberalization & Wage Inequality WP/05/20 IMF Prachi Mishra Utsav Kumar414 Assessing Protectionism & Subsidies in Agriculture : a gravity approach WP/05/21 IMF Claudio Pattva 415 A ( New ) Country Insurance Facility IMF Tito Cordella Eduardo Yeyate

416 Increasing Public Sector Revenue in the Phillippines: equity and efficiency considerations WP/05/22 IMF Kenin Fletcher

417 Putting the Cost Before the Horse ? Capital Account Leberization----------------------------------- PDP/05/1 IMF Eswar Prasad Qing Wang

418 Asset Mispricing Due to Cognitive Dissonance WP/05/9 IMF Burkhard Dress Bernhard Eckwert419 ____________________________ IMF420 Rules Based Fiscal Policy in France, Germany, Italy & Spain O.P 225 IMF 421 Exits From Heavily Managed Exchange Rate Regimes IMF Enrica Detragiache Ashoka Modey

422 Revenue Forecasting - How is it Done ? Results From a Survey of Low Income Countries IMF Annette Kyobe Stephan Danninger

423 Monetary Policy & Corporate Behavior in India IMF A Prasad Saibal Ghosh424 Stabilization, Debt & Fiscal Policy in the Caribbean IMF Ratha Sahay

425 Exchange Rates in the New EU Accession Counties What Have we Learned From the Forerunners ? IMF Ales Bulir Katerina Smidkova

426 Inequality, Poverty & Growth : Cross - Country Evidence IMF Grabis Iradian 427 Eurosclerosis or Financial Collapse : Why did Swedish Income Fall Behind ? IMF Valerie Cerra Sweta Saxena428 Issues in Inter Governmental Fiscal Relations in China IMF Era Dobla Norris 429 The Rise of U.S Antidumping Activity in Historical Perspective IMF Douglas A Irwin 430 A Simultaneous Equation Model for World Crude Oil & Natural Gas Markets IMF Noureddine Krichene 431 Monetary & Exchange Rate Dynamics Doing Disinflation : An Empirical Analysis IMF A Javier Hamann Andres Arias432 Regional Trade Arrangement in Africa : Past Performance & the way forward IMF Yongzheng Vang Sanjeev Gupta

433 Were Bid - Ask Spreads in the Foreign Exchange Market Excessive During the Asian Crisis ? IMF Torbjorn Becker Amadou Sy

434 Tanzania's Growth Process & Success in Reducing Poverty IMF Volker Treichel 435 Reforming the Stability & Growth Fact IMF Anthony Annett Jong Decressin 436 Kyrgyz Republic - Export Assessment of Longer - Term Program Engagement IMF 437 Adopting the Euro in Central Europe IMF 438 Lessons From the Crisis in Argentina IMF 439 Sovereign Debt Structure for Crisis Pre---------------- IMF 440 Stabilization & Reform in Latin America IMF 441 A Monetary Policy Rule for Jamaica 05/41 IMF Sunyan Sunyan

442 Rent Seeking 05/43 IMF Chakarborty Chakarborty Sharika

443 An Estimated Small Open Economy model of the financial accelerator 05/44 IMF Elekdag Elekdag Selim444 On the Pattern of Currency Blocs 05/45 IMF Yehoue Yehoue Etienne B445 Data Consistency in IMF Publication 05/46 IMF Pellechio Pellechio Anthony446 Disconcerting Pyramids of Poverty 05/47 IMF Lopes Lopes Paulo Silva447 Does Political Instability 05/49 IMF Aisen Aisen Ari 448 Establishing a Performance management framework for government 05/50 IMF Diamond Diamond Jack 449 Accountability of Financial Sector 05/57 IMF Hiipkes Hiipkes Eva

450 Latent Factor Model With Global, country, and industry shocks for international stock returns /WP/05/52 IMF Brooks Brooks Robin

451 Why Do Some Countries Manage to extract growth from foreign aid 05/53 IMF Francois Francois Jean452 How Should Subnational government borrowing be regulated? 05/54 IMF Singh Singh Raju453 Trade Cost & Location 05/55 IMF Amiti Amiti Mary454 On Cyclicality in the Current and financial accounts 05/56 IMF Clausen Clausen Jens R455 Government Debt : Akey Role 05/57 IMF Kumhof Kumhof Michael456 Implications of South African economic growth for the rest of africa 05/58 IMF Arora Arora Vivek457 Impact of Terrarism on Financial 05/60 IMF Johnston Johnston R Barry

458 Are Laws Needed for Public Management reforms? An international comparison 05/62 IMF Lienert Lienert Ian

459 Alternative Models of Wage Dispersion IMF Gaumont Gaumont Damier460 Maintaining Competitiveness Under Equilibrium real appreciation 05/65 IMF Oomes Oomes Nienke

461 How Do Canadian Budget forecasts compare with those of other industrial countries 05/66 IMF Miihleisen Miihleisen Martin

462 Understanding Fiscal Space ------------- 05/4 IMF Heller Heller Peter S463 Reforming the Russian Budget : A Move to More Devolved Budget Mgt. 05/04 IMF Diamond Diamond Jack 464 Three Attempts at Inflation Forecasting in Pakistan 05/105 IMF Boki Boki Madhavi

465 Technology Diffusion Service & Endogenous Growth in Europe : is the Lisbon Strategy Useful 05/103 IMF Guerrieri Guerrieri

466 Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade 05/102 IMF Fisman Fisman Raymand

467 Crouching Tiger, Hiddn Dragon : What Are the Consequences of China's WTO Entry for India's trade? /WP/05/101 IMF Cerra Cerra

468 Does Foreign Aid Reduce Poverty Empirical Evidence From Nongovernmental & bilateral aid 05/100 IMF Masud Masud Nadia

469 New Rates From New Weights 05/99 IMF Bayoumi Bayoumi Tamim470 Are Emerging Market Countries Learning to float 05/98 IMF Hakura Hakura Dalia S

471 Reforming Labor & Product Markets : Some Lessons From Two Decades of Experiment in Europe 05/97 IMF Boeri Boeri Tito

472 Cross Country Empirical Studies of Systemic Bank Distress 05/96 IMF Demirguc Demirguc Asli473 International Risk Sharing & Currency unions : the CFA zones 05/95 IMF Yehoue Yehoue Etienne B

474 Regional Trade Integration & WTO Accession : Which is the Right Sequencing an Application to the CIS /WP05/94 IMF Tumbarello Tumbarello Patrizia

475 GDP Growth, Potential Output & Output Gaps in Mexico 05/93 IMF Faal Faal Ebrima

476 How Does Employment Protection Legislation Affect Unemployment 05/92 IMF Koranchelian Koranchelian Taline

477 Characterizing the Expenditure Uncertainties of industrial countries in the 21st century 05/91 IMF Heller Heller Peter S

478 Is the Middle East & North Africa Region achieving its trade potential? 05/90 IMF Soderling Soderling Ludvig

479 Inflation Targeting & Output Growth :Empirical Evidence for the European Union /WP/05/89 IMF Apergis Apergis

480 Insurance Companies in Emerging Markets 05/88 IMF Singh Singh Manmohan481 Aid & Growth : What Does the Cross Country evidence really show ? /WP/05/127 IMF Rajan Rajan Raghuram G482 Too Much of a Good Thing ? Credit Booms in Transition Economies 05/128 IMF Duenwald Duenwald Christoph483 On the Implementation of transfers to subnational governments 05/130 IMF Ahmad Ahmad Ethisham484 Bank Behavior in Developing Countries : Evidence From Africa 05/129 IMF Cihak Cihak Martin

485 Special Agricultural Safeguards : Virtual Benefits & Real costs - lessons for the DOHA round /WP/ 05/131 IMF Hallaert Hallaert Jean-Jacques

486 Capital Account Liberalization & The Real Exchange rate in chile /WP/05/132 IMF Fort Fort Gumermo, Le487 Efficiency & Legitimacy : Trade Offs in IMF Governance 05/107 IMF Cottarelli Cottarelli Carlo488 Underlying Factors Driving Fiscal Effort in emerging market economies 05/106 IMF Abiad Abiad Abdul

489 Subnational Public Financial Management :Institutions & Macroeconomic considerations /WP/05/108 IMF Ahmad Ahmad Ehtisham

490 Foreign Direct Investment in Southeastern Europe 05/110 IMF Demekas Demekas Dimitri G491 What Drives Inflation Expectations in Brazil ? An Empirical Analysis WP/05/109 IMF Cerisola Cerisola Gelos Martin

492 Tax Revenue & ( or ) Trade Liberalization 05/112 IMF Baunsgaard Baunsgaard Michael Thomas

493 Migration & Foreign Remittances in the Philippines 05/111 IMF Burgess Burgess Haksan Robert

494 Labor Productivity & Real Exchange Rate : the Balassa - Samuelson disconnect in the formerYugoslav Republic 05/113 IMF Loko Loko Tuladhar Boileau

495 Latin American Central Bank Reform : Progress & Challenges 05/114 IMF Carstens Carstens Jacome Agustin496 Who Controls the Budget : the Legislature or the Executive ? 05/115 IMF Lienert Lienert Ian497 Pace & Sequencing of Economic Policies 05/118 IMF Zalduendo Zalduendo Juan 498 Deficit Limits ,Budget Rules & Fiscal Policy 05/120 IMF Manasse Manasse Paolo 499 A Cross - Country Nonparametric Analysis of Behrain's Banking system 05/117 IMF Grigorian Grigorian Mahole David500 Does the World Need a Universal Financial Institution ? 05/116 IMF Boughton Boughton James M501 The Dynamic Implication of Foreign Aid & Its Variability 05/119 IMF Arellano Arellano 502 On the Viability of Conditional Assistance Programs 05/121 IMF Mayer Mayer Mourmouras Wolfgan

503 Regional Integration of Stock Exchange in Eastern & Southern Africa : Progress & Prospects 05/122 IMF Irving Irving Jacqueline

504 Endowment Versus Finance : A Wooden Barrel Theory of International Trade 05/123 IMF Ju Ju Wei Jiandong

505 Regional Financial Conglomerates : A Case for Improved Supervision 05/124 IMF Majaha Majaha Olafsson Jortby, Julia

506 Overpricing in Emerging Market Credit Default Swap Contracts: some evidence from recent distress cases 05/125 IMF Singh Singh Anaritzky Manmohan

507 What Undermines Aid's Impact on Growth ? 05/126 IMF Rajan Rajan Subramania Raghura508 Transparency in Central Bank Financial Statement Disclosures 05/180 IMF Sauinan Sauinan Kenneth509 The Chinese Approach to Capital Inflows : Patterns & Possible Explanations 05/79 IMF Prasad Prasad Wei Eswar

510 Managing the Interest Rate Risk of Indian Bank's Government Securities Holding 05/78 IMF Sy Sy Amadou

511 Estimating the Implicit Inflation Target : An Application to U.S Monetary Policy 05/77 IMF Leigh Leigh Daniel512 Quantitative Assessment of a Financial System Barbados 05/76 IMF Chase Chase513 Any Link Between Legal Central Bank Independence & Inflation ? 05/75 IMF Jacome Jacome Vazqwez Luis I

514 Relating the Knowledge Production Function to Total Factor Productivity ------------------------ 05/74 IMF Abdih Abdih Joutz Yasser

515 A Post Reflation Monetary Framework for Japan 05/73 IMF Kramer Kramer Stone Charlers516 Central Bank Losses & Experiences in Selected Countries 05/72 IMF Dalton Dalton Dziobek John517 Aging : Some Pleasant Fiscal Arithmetic 05/71 IMF Hauher Hauher David

518 Setting the Stage for a National Currency in the West Bank & Gaza : The choice of exchange rate regime 05/70 IMF Beidas Beidas Kandil Samya

519 Who is Still Haunted by the Specter of Communication ? ------------------------------ 05/68 IMF Berengaut Berengaut Elborgh Julian

520 Iraq : Consideration on Inter Governmental Fiscal Relations for the constituent Assembly 05/69 IMF Ahmad Ahmad ( et.al ) Ehtisham

521 Personal Income Tax Reform : Concepts, Issues & Comparative Country Developments IMF Zee Zee Howell H

522 Following Germany's Lead : Using International Monetary linkages to identify the effect of monetary Policy on the economy 05/86 IMF Giovanni Giovanni

523 Cataclysms & Currencies : Does the Exchange Rate Regime Matter for Real Shocks ? 05/85 IMF Ramcharan Ramcharan Rodney

524 The Impact of Macroeconomic Announcements on Emerging Market Bonds 05/83 IMF Andritz Andritz Jochen Ku

525 Net Foreign Asset Position & Consumption dynamics in the international economy /WP/05/82 IMF Ghironi Ghironi

526 A Fiscal Price Tag for International Reserves ------------------------ 05/81 IMF Hauner Hauner David527 Does Excess Liquidity Pose a Threat in Japan ------------------------- PDP/05/5 IMF Eggertsson Eggertsson Ostry Gauti

528 Pakistan's Macroeconomic Adjustment & Resumption of Growth 1999-2004 WP/05/139 IMF Lorie Lorie Iqbal Henri

529 Global Aging & Fiscal Policy with International Labor Mobility : a Political Eco Perspective WP/05/140 IMF Tosum Tosum Nehmat Serkan

530 U.S Tax Reform : an Overview of the Current Debate & Policy Options WP/05/138 IMF Dolsgaord Dolsgaord Thomas

531 Haircut : Estimating Investor Losses in Sovereign Debt Restructuring 1998-2005 WP/05/137 IMF Sturzeneggen Sturzeneggen Zetlelmeyer Federico

532 The Equilibrium Real Exchange Rate in a Commodity Exporting Country : Algeria's Experience WP/05/135 IMF Koranchelian

Koranchelian Jaline

533 Wage Flexibility in Turbulent Times : a Practitioner's Guide WP/05/134 IMF Yamoguchi Yamoguchi Shintaro534 Slovakia's 2004 Tax & Welfare Reforms WP/05/133 IMF Moore Moore David535 Treasury System Design : a Value Chain Approach WP/05/153 IMF Tandberg Tandberg Eivind

536 Assessing & Managing Rapid Credit Growth & the Role of supervisory and prudential policies WP/05/151 IMF Hilbers Hilbers

537 Infrastructure Aid , Deindustrualization & Welfare WP/05/150 IMF Choi Choi

538 Preferential Trade Agreements in the Asia - Pacific Region IMF Feridhanusetyawan Feridhanusetyawan Tubagus

539 The Use & Abuse of Taylor Rules : HoWorking Paperrecisely can we Estimate Them ? WP/05/148 IMF Carare Carare Tchaidze Alina

540 Growth Dynamics : The Myth of Economic Recovery WP/05/147 IMF Cerra Cerra Saxena Volerie

541 Ten Years After the CFA Franc Devaluation Progress Towards regional integration in the WAEMU /WP/05/145 IMF Boogaerde Boogaerde Vanden Pierre

542 Money Demand & Inflation in Dollarized Economics WP/05/144 IMF Oomes Oomes Ohnsorge Nienlee

543 Trade Integration in the East African Community an Assessment for Kenya WP/05/143 IMF Mcintyre Mcintyre Neredith A

544 Tax Systems Under Fiscal Adjustment : A Dynamic CGE analysis of the Brazillian tax reform WP/05/142 IMF Liedo Liedo Duarte Victor

545 An Anatomy of Corporate Bond Markets : graving Pains & Knowledge Gains WP/05/152 IMF Laengnaruemitchai Laengnaruemitchai Ong Pipat

546 Primary Surpluses & Sustainable Debt Levels in Emerging Market Countries 05/6 IMF Abiad Abiad Ostry Abdul547 Measuring & Analysing Sovereign Risk in the contingent claims /WP/05/155 IMF Gappen Gappen Gray Michael T

548 Forestry Taxation in Africa the Case of Liberia 05/156 IMF Schusidrowski Schusidrowski Saji Arnim

549 Bidder Participation & Information in Currency Auctions 05/157 IMF Ausubel Ausubel Romeu Lawrence

550 Why is Micro Evidence on the Effects of uncertainty not replicated in macro data? /WP/05/158 IMF Bond Bond Lombardi Stephen

551 Does Government Spending Crowd in Private Consumption ? ----------------------------- 05/159 IMF Coenen Coenen Gilnter

552 What Causes Firms to Hide Output ? The determinants of informality /WP/ 05/160 IMF Norxis Norxis Era Dabla553 A Global Perspective on External Position 05/161 IMF Lane Lane Philip R554 U.S. Mutual Fund Retail Investors in international equity markets /WP/ 05/162 IMF A A Chan Jorge

555 On Target ? The International Experience WITH ACHIEVING INFLATION TARGETS- 05/163 IMF Roger Roger Scatt

556 Real Exchange Rate Misalignment : a panel co-integration and common factor analysis /WP/ 05/164 IMF Dufrenat Dufrenat Yehoue Gillesj

557 Portfolio Choice in a Monetary Open economy OSGE model /WP/ 05/165 IMF Engel Engel Matsumato Charles

558 Access to Bank Credit in Sub - Saharan Africa : key issues and reforms strategies /WP/05/166 IMF Sacerdoti Sacerdoti Emilio

559 Finance in Lower - Income Countries : an empirical exploration 05/167 IMF Detragiache Detragiache Ennica

560 Cyclical Implications of Changing bank capital requirements in a macro economic framework /WP/ 05/168 IMF Catalan Catalan Maxico

561 The Design of IMF - Supported IMF Ghosh Ghosh Atish 562 Regional Trade Arrangements in Africa IMF Yang Yang Yongzheng 563 Turkey at the Crossroads From Crisis etc IMF Moghadam Moghadam Reza

564 Deposit Insurance Regulatory forbearance and economic growth: implications for the japanese banking crisis /WP/ 05/169 IMF Dekle Dekle Kenneth Robert

565 Commodity Price Shocks & the Odds on Fiscal Performance : A structural VAR approach /WP/05/171 IMF Kumah Kumah Francis Y

566 Inflation Targeting Lite in Small Open Economies : the case of Mauritius /WP/05/172 IMF Porter Porter Nathan 567 Quality of Financial Policies & Financial system stress /WP/05/173 IMF Das Das Lossifov Udaibir S568 Subordinated Levy Processes & application to crude oil options /WP/05/174 IMF Krichene Krichene Noureddine569 Political Economy of Seigniorage /WP/ 05/175 IMF Aisen Aisen Veiga Ari570 Explicit & Implicit Targets in Open Economies /WP/ 05/176 IMF Sgherri Sgherri Silvia571 IMF'S Role in Low - Income Countries: issues and challenges /WP/05/177 IMF Lombardi Lombardi Domonico

572 How Useful is Monetary Econometrics in Low - Income Countries ? ---------------------- 05/178 IMF Hauner Hauner Bella David

573 Macroeconomic Challenges of Scaling up aid to Africa /WP/05/179 IMF Gupta Gupta Sanjeev

574 "Pity the Finance Minister" : Issues in Managing Substantial scaling up of aid flows /WP/ 05/180 IMF Heller Heller Peter S

575 A Global View of the U.S. Investment Position /WP/05/181 IMF Suliston Suliston Andrew576 European Union Enlargement & Equity markets in accession countries /WP/05/182 IMF Dvonak Dvonak Richard Tomas

577 Governance Structures & Decision Making roles in Inflation Targeting central banks /WP/05/183 IMF Tuladhar Tuladhar Anita

578 Post - Transition Investment Behavior in Poland : a sectoral analysis /WP/ 05/184 IMF Murgasova Murgasova Zuzana579 Russia's Regions : Income Volatility Labor Mobility and fiscal policy /WP/ 05/185 IMF Kwon Kwon Goohoon580 Financial Dallarization Equilibria : a framework for policy analysis /WP/ 05/186 IMF Ize Ize Alain581 Financial De-Dollarization : Is it for Real ? / WP/05/187 IMF Ize Ize Alain582 Managing Systemic Liquidity Risk in Financially dollarized economies /WP/ 05/188 IMF Ize Ize A Alain583 FDI Flows to Asia : Did the Dragon Crowd out the tigers /WP/05/189 IMF Mercereau Mercereau Benoit584 Investment Restrictions & Contagion in emerging markets /WP/ 05/190 IMF Ilyina Ilyina Anna

585 Product Market Regulation & the Benefits of wage moderation /WP/ 05/191 IMF Estevao Estevao Marcello M 586 Is Russia Still Driving Regional Economic growth /WP/05/192 IMF Shiells Shiells Clinton R587 Clusters as a Driving Engine for FDI /WP/ 05/193 IMF Ettenne Ettenne B Yehoue588 Social Welfare & Cost Recovery in Two - Sided Markets /WP/ 05/194 IMF Wilko Wilko Alexander Balt589 Sustaining Growth Acceleratiions & Pro - Poor Growth in Africa /WP/ 05/195 IMF Catherine Catherine Sanjeev Pottillo590 Introducing Financial Mgt. Information System in Developing Countries /WP/ 05/196 IMF Jack Jack Pokar Diamond

591 Trinidad & Tobago : the Energy Boom & Proposals for a Sustainable Fiscal Policy /WP/ 05/197 IMF Delia Delia Saqib Velculescu

592 International Reserves : Precautionary Vs, Mercantilist View, Theory & Evidence /WP/05/198 IMF Joshna Joshna Jaewoo Aizenman

593 Boom - Bust Cycles in Housing : the Changing role of financial structure /WP/05/200 IMF Calvin Calvin Schnure594 Debt Maturity, Risk & Asymmetric information /WP/05/201 IMF Allen Allen Marco A N Berger595 Estimating China's ''Equilibrium" Real Exchange Rate /WP/05/202 IMF Steven Steven Niangming Dunaway596 Revenue Administration Reform in Middle Eastern countries , 1994-2004 /WP/05/203 IMF William William Jean-Paul Crandall

597 Can the Standards International Business cycle model explain the relation between trade and comovement /WP/05/204 IMF M M Kei-mu Ayhan Kose

598 Role of Domestic & Foreign Investors in a simple model of speculative attacks /WP/ 05/205 IMF Dennis Dennis Cees P.J Botman

599 Domestic & Global Impact of Japan's policy for growth WP/05/209 IMF Nicoletta Nicoletta Papa N Batini 600 Controlled Capital Account Liberalisation : a proposal PDP/05/7 IMF Eswar Eswar Raghuram S Prasad601 Oil Price Shocks : Can they Account for the Stagflation in the 1970s? IMF Hunt Hunt Benjamin 602 Pricing Growth - Indexed Bonds /WP/05/216 IMF Mauro Mauro Chamon Paolo

603 How Important is Sovereign Risk in Determining Corporate Default Premia, the Case of South Africa IMF Grandes Grandes Peter Martin

604 Vat Refunds : A Review of Country Experience IMF Krelove Krelove Harrison Russell

605 Estimating Markov Transition Matrices Using Proportions Data : An Application to Credit Risk IMF Jones Jones Mathew T

606 Barries to Capital Accumulation & the Incidence of Child Labor /WP/05/220 IMF Vega Vega A Marco607 Fiscal Dominance & Inflation in the democratic republic of the Congo IMF Nachega Nachega Jean-Claude608 Monitoring & Commitment in Bank Lending Behavior IMF Blavy Blavy Rodolphe609 Macroeconomic Effect of Social Security & Tax Reforms in the United States IMF Kumar Kumar Batman Manmohan S610 Does Performance Budgeting Work? etc IMF Brumby Brumby Robinson Jim611 Understanding the Evaluation of World Business Cycles IMF Whiteman Whiteman Kose Charles H612 Financial Globalization & Fiscal Performance in Emerging Markets IMF Kumar Kumar Hauner Manmohan S

613 Capital Account Liberalization Capital FloWorking Paperatterns , and policy response in the EU's new member states /WP/05/220 IMF Arvai Arvai Zsofia

614 The Impact on India of Trade Liberalization in the Textiles & Clothing Sector IMF Chandra Chandra Anantha Sonali Jain615 Strengthening IMF Crisis Prevention IMF Zellelmeyer Zellelmeyer Ostry Jeromin

616 The Perils of Tax Smoothing : Sustainable fiscal policy with random shocks topermanent output /WP/05/207 IMF Carey Carey Tanner Kevin

617 Africa in the Doha Round : Reading With Preference Erosion Beyond IMF Yang Yang Yongzheng

618 Implication of Quasi Fiscal Activities in Ghana /WP/06/24 IMF Robert C.York Mali Chivakul

619 Stylized Facts on Bilateral Trade and Currency Unions Implications for Africa/ WP/06/31 IMF G. Ewenczyk Pieric Tsanganides Charlambos

620 Towards an Effective Supervision of Partially Dallamized Banking Systems IMF Paswal Antonio Cayazzo Jorge Gancia

621 Fianancial Sector Projections and Stress Testing In financial Prorgramming :A New Framework /WP/06/33 IMF Nada Chaveiri Ritu Basu Autonio Garcia Pasw

622 Are Donor Countries Giving More or Less Aid? /WP/06/01 IMF Catherie Pattillo Sanjeev Gupta Smita Wagh

623 Will The Doha Round Lead To Preference Erosion? / WP/06/10 IMF John Romalis Mary Awiti

624 Reforming External Tariffs in Central and Western African Countries / WP/06/12 IMF Lubin Doe.

625 Pricing And Hedging of Contingent Credit Lines /WP/06/13 IMF Salin N. Nefti Elna Lou Koianova Sunil Sharma

626 Foreign Aid Policy and Sources of Poverty : a Qualitative Framework /WP /06/14 IMF Peter Rangazas Alex Mourmmras

627 Suppressed Inflation and Money Demand in Zimbave / WP/06/15 IMF Sonia Munoz

628 Fiscal Policy And Financial Markets / WP/ 06/16 IMF Thomas Stratmann Bernardin Akitoby

629 Regulatory Capture in Banking / WP/06/34 IMF Daviel C. Hardy

630 Does Economic Diversification Lead to Financial Development / Evidence From topography /WP/06/35 IMF WP/06/35

631 Does Inflation in China Affect the United States and Japan WP/06/36 IMF Huke Willard Tarhan Feyzigol

632 Providing Official Statistics For The Commeon Market and Monetary Union in the Gulf Cooperation Councl (GEC)Countries.A case for " Gulf Stat IMF KLP All Mansari

Abdulrahman Dandia Dziobelc

633 The Impact of Foreign Interest Rates on the Economy : The Role of the Exchange Rates Regime /WP/06/37 IMF Jay C. Shampaugh

Julianoli Giovawui

634 Does NGO AID Go To the Poor ? Empirical Evidence from Europe /WP/06/39 IMF Boriana Yontcheva Gilles Nancy

635 Trade , Inequality and the Politicl Economy of Institutions / WP/06/56 IMF Andrei a. Levchenko Quy-Toan Do

636 The Dynamic Of Provicial Growth China : A Non Parametric Approach /WP/06/55 IMF Harm Zebregs Bulentunel

637 To Peg or Not to Peg : A Template for Assessing the Nobler /WP/06/54 IMF Aasim M. Husain

638 Why Do Prices in Sierra Leone Change so often ? A case Study using Micro Level Price Datta IMF Arto Kovatala

639 Business Cycles and Workers Remittances: How do Migrand Workers Respond To Cyclical Movements at GDP at Hamp /WP/06/2 IMF Serdar Sayam

640 Malaysian Capital Countries : Macro economics and Institutions/WP/06/51 IMF Kalpana Kochhar Simon Johnson Natalia Tanurisa Todd

641 The Implications of Trade barriers for Sectoral Diversification and Macroeconomic Stability In Developing Economies /WP/06 /50 IMF Gabriel Sraur

642 Common Factors in Latin America's Business Cycles /WP/06/49 IMF Luis Catao Marco Aiolfi Allan Timmer Mauu

643 The Monetary Transamission Mechanism In Jordan / WP/06/48 IMF Randa Sab Tushar Poddar Haswik Khachatryan

644 Domestic Taxes and International Trade : Some Evidence /WP/06/47 IMF Murtaza Syed Michael Keen

645 How Different is the Cyclical Behaviour of Home Production Across Countries/WP/06/46 IMF M. Ayhan Kose William Blanklnav

646 A New Open Economy Macro Model for Fiscal Policy Evaluation /WP/06/45 IMF Douglas Laxten Dennis Botman Andril Romanov Dirk

647 Quasi Fiscal Deficits and Energy Conditionality in Slected CIS Countries/WP/06/43 IMF Joyten Berge Tapio Saavalainan

648 Bank During The Argentinal Crisis :Were They All Hurt Equally ? Did They All Behave Equally ? /WP/06/42 IMF Emiliano Basco Adalto

Barayas Carlos Quarracino V.

649 Macroeconomic Challenges with EU Accesson in Santhreastan Europe: An Overview WP/06/40 IMF Piritta Sersa

650 Forecasting ECB Montary Policy: Accuracy is Still a Halter of Geography IMF Michael Ehrmann Helge Berger Marrel Fratzscher

651 Determination of Venenzuela 's Equlibrium Real Exchange Rate IMF Zalduendo Juan

652 Are asse Price Guarantees useful Preventing sudden stops ?A Quantitative Investigation of the Globalization Hazard Moral TradeOff WP/06/73 IMF Mendoza Enrique G.

Durdu Ceyhun Bora

653 Energy ,the Exchange and the Economy : Macro Economic Benefits of Canada's Oil Sands production WP/06/70 IMF Miihleisen Martin Bayoumi

Tamim

654 Progress in China's Banking Sector Reform : Has Bank Behaviour Changed? WP/06/71 IMF Podpiera Richard

655 TheUtilization Adjusted output gap: Is the Russian Economy Overheated? IMF Dynnikova Oksana Oomes Nienke

656 The External Wealth MarkII: Revised and Foreign Assets and Liabilities 1970-2004 WP/06/69 IMF Milesi Ferretti Gian Mania

Lane Philip R

657 Shocking Aspects of Canadian Labor Markets WP/06/83 IMF Sutton Benett Bayoumi Tamim Swiston Andrew

658 Disintegration and Monetry Transmission in Canada WP/06/84 IMF Roldas Jorge 659 How to Evaluate GDP Linked Warrants : Price and Repayment Capacity WP/06/85 IMF Miyajimaken

660 Perspective on Low Global Interest Rates WP/06/76 IMF Mackennizie George a Catao Luis

661 Public - Private Partnership : A pUblic Economists Perspective WP/06/77 IMF Sadka Efraim

662 International Financial Integration, Sovereignity and Constraints on Macro Economics Policies WP/06/79 IMF Kletzer Kenneth

663 Practical Model Basd Monetary Policy Analysis a How to Guide IMF Karam Philipps Berg Andrew Douglas Laxton

664 Adopting Full Dollarization in Post Conflict Economics : Would the Gains Compensate for the Losses in Liberia? WP/06/82 IMF Schumacher Liliana

Honda Jira

665 Disributional Effects of Oil price Change on Household Expenditure :Evidence from Mali IMF Kpodar Kangani

666 Emigration and Wages in source Countries : evidence from Mexico WP/06/86 IMF Mishra Prachi

667 Is one watch dog better than three International Experience with Integrated Financial Sector Super Vision IMF Popiera Richard Uhak

Martin

668 The Role of IMF support in crisis prevention WP/06/75 IMF Zalduendo Juan Uma Ramakrishnan

669 Hongkong special Administrative Region : Macro Economic Impact of an Aging population in a highly open economy WP/06/87 IMF Leigh Lamin

670 Real Exchange Rate Voltality and the price of Nontradables in sudden stop Prone economies WP/06/88 IMF Mendoza Enrique G.

671 Options for fiscal Conolidation in the United Kingdom IMF Hinjo Keiko Batman Dennis

672 What is Fuzzy About Clustering in West Africa? WP/06/90 IMF Mahvash Saeed Qureshi Charalmbas Tsaganides

673 Primary Surplus Behaviour and Risks to Fiscal Sustainability in Emerging Market Countries : A "Fan - Chart" Approach WP/06/67 IMF Debrun Celasun O. Ostry J.D

674 The micro Basis of Budget System Reform : the Case of Transitional Economies WP/02/105 IMF Diamond Jack

675 Voltality of Development Aid : From The Frying Pan into the Five ? WP/06/65 IMF Hamanm A Javier Bulir Ales

676 Toward a Lendr of First Resort WP/06/66 IMF Poxtes Richard Cohen daniel

677 Beware of Emigrants Bearing Gifts: Optimal Fiscal and Monetary Policy in the Presence of Remittances WP/06/61 IMF Cosimino Thomas F.

Chami Ralph Gapen Michael T.

678 Inflation in Pakistan money or wheat? IMF Statsky Jane G.

679 Government Debt and Long Term Interest Rates WP/06/63 IMF Schimmelofemming Axel Khan Mohsins

680 Sovereign Insurance and Program Design: What is Optimal for the sovereign? IMF Messmacher Miguel 681 Immiserizing Foreign Aid : Th e Roles Of Tarriffs an Nontraded Goods IMF Tokarick Stephen

682 Altruism and Workers Remittances : Evidencen from Selected Countries in the Middle East and Central Asia IMF Jacques Bouhga Hagbe

683 Who Saves in Ireland ?The Micro Evidence. IMF Badia Marialuz Moreno 684 Determinants of Emigrant Deposits in Cape Verde IMF Karpowicz Jzabela 685 Sudden Stops and Currency Drops : A Historical Look IMF Luis A.V. Cotao

686 Putting the New Keynesian Model to a Test IMF Roland Stralib Gert Peersman

687 Nonlinearity in Derivations from Uncovered Interest Parity : An Explanation of the Forard Bias puzzle IMF Giorgio Valenter Sarno

Lucio Hyginus Leon

688 Role Of Interest Rates in Business Cycles Fluctuations In Emerging Market Countres : The Case of Thailand IMF Selim Elekolag Ivan

Tchakanov

689 Outcomes - Based Conditionality : Its Role and Optimal Design IMF Ivanova Anna

690 The Lender of Last Resort in the European Single Financial Market IMF Teixeirapeodro Gustavo Garry J. Schinasi

691 HIV AIDS : The Impact on Poverty and Inequality IMF Markus Haacker Gonjalo Salinas

692 Regional Convergence in Latin America IMF Maria Isabel Serra

693 Indirect Taxes on International Aviation IMF Jon Strand Keen Michael

694 Can Budget Institution Counteract Political Indiscipline IMF Mody Ashoka Fabrizio Stefania

695 Public Debt , Money Supply and Inflation : A Cross Country Study and its Application to Jamaica IMF Goohoon Kwan Fariane Lavern

696 Fiscal Decentralization and publc Subnational Financial Management in Peru IMF Mercedes Garcia Ahmad Ehtisham Escribono

697 Fiscal Discipline and Exchange Rate Regime : Evidence from Caribbean IMF Tolosa Guillermo DuttaGupta Rupa

698 Refleations on Quantitative Fiscal Conditionality in African PRGF - Supported Programs IMF Zakharava Daria Fedelino Annalisa

699 A superior Hybrid Cash flow Tax on Corporations IMF Howell H Zee

700 Enforcement and the Stablity and Growth Pact: How Fiscal Policy did and did not change under Europe's Fiscal Framework IMF Anthony Annett

701 Excess Liquidity and Effectiveness of Monetary Policy : Evidence from Sub-Saharan Africa IMF Magnus Saxegaard

702 The Korean Crisis .What did We Know and When did We Know it ? What Stress Tests of the Corporate Sector Reveal. IMF Meral Karasula MatthewT.

Jones

703 Growth and Productivity in Papua Ne Guinea IMF Faal Ebnima

704 Fiscal Policy and Interest Rates : How Sustainable is the " New Economy" IMF Manmohan S. Hauner David

705 A Framework for Independent Mnetary Policy in China IMF Goodfriend Maruin and Eswar Prasad

706 China Growth & Integration into The World Economy Prospects & Challenge IMF Eswar Prasad

707 Experience with Large Fiscal Adjustments IMF Mark A. Horton George C. Tribouris

708 The IMF's Approach to Capital Account Liberalisation IMF IMF

709 Primary Dealers in Government Securities IMF Piero Ugolini Marco Amone

710 International Plicy Coordination and Simple Monetary Policy Rules /WP/06/164 IMF Helmut wagnu Wolfram Berger

711 Is having Wealth an "ATM"?The Relationship between Household Wealth Home Equity Withdrawal and Saving Rates /WP no./06/162 IMF Paul Mills Vladimir Klynev

712 Moving to Territoriality ? Implications for the United States and the Rest of the World IMF Mullins Peter

713 U.S Dollar Risk Premium and Capital Flows IMF Tulin Volodymyr Balakrishnan Ravi

714 U.S Inflation Dynamics ;what Drives Them Over Different Frequencies? IMF Oulianis Sam Balakrishnan Ravi

715 The Euro's Challenge the Dollar :Different Views from Economists and Evidence from Cofer ( Curency Composition of Foreign Exchange Reserves and other Data IMF Lim EWE-Ghee

716 The Maastricht Inflation Criterion Criterion : How Unpleasant is Purgatory? IMF Hurnik Jaromir Bulir Ales

717 Fundamentals -Based Estimation Of Default Probabilities: A Survey IMF Chan-Lau Jorge A.

718 An Empirical Investigation of the Exchange Rate Pass Through to Inflation In Tanzania / WP/06/150 IMF Mwasw Mkunde

719 What Transparency can do when Incentive Fail An analysis of Rent Capture IMF Elizabeth Paul Marris Era Dabla - Norris

720 Are More Competitive Banking Systems More Stable? IMF Simon Wolfe Schaekklaus Martin Cihak

721 How much is Enough Monte Crlo Simulation of an Oil Stabilization Fund for Nigeria IMF Bartsch Ulnich

722 The Credit Risk Transfer Market and Stability Implications for U.K Financial Institutions IMF Li Lianong Lau-Chan Jorge A.

723 Did Batswana Escape from the Resource Curse? IMF Limi Atsushi

724 Is Systematic Default Risk Priced In Equity Returns? A Cross Sectional Analysis using Credit Derivatives Prices IMF A Jorge Chanlau

725 Official Foreign Exchange Intervention IMF Others Shogo Ishii

726 Evaluation of the IMF's role in Poverty Reduction Strategy Papers and the Poverty Reduction & Growth Facility IMF IMF

727 Labour Market Performance in Transition : The Experience of Central & Eastern Europeanm Countries IMF Others Jerald Schiff

728 Domestic Investmentand The cost of Capital in the Carribean WP/06/152 IMF Roache Shaunk

729 Designing Monetary & Fiscal Policy in Low Income Countries IMF Others Abebe Aemro Selarrie

730 On The Properties of Various Estimations For Fiscal Reaction Reaction Functins WP/06/182 IMF Kang Joongi Celasun Oga Shik

731 The Difference Between Hedonic Imputation Indexes and Time During Hedonic Indexes IMF Heravi Saeed Silver Micks

732 Management of Oil Wealth Under the Permanent Income Hypothesis: The case of Sao Tome and Principle WP/06/183 IMF Segura Alonso

733 Macroeconomic Voltality : The Policy Lessons from Latin America WP/06/166 IMF Singh Anoop 734 Ukraine : The Cost of Weak Institutions WP/06/167 IMF Tiffin Andrew

735 Mr. Ricardo Great Adventure : Estimating Fiscal Multilpier in a Truly International Model WP/06/168 IMF Sgherri Silvia Bayoumi

Tamim

736 Weathering the Storm so far : The Impact of the 2003-05 Oil Shock on Low -Income Countries WP/06/171 IMF James John Dudine

Paolo Lewis Mark

737 Analyzing Balance Sheet vulnerabilities in a Dollanized Economy : The Case of Georgia WP/06/173 IMF Mathisen Johan Billmeier

Andreas

738 Why Elementary Price Index Number Formulas Differ : Price Dispersion and Product Hetrogenity WP/06/174 IMF Heravi Saeed Silver Micks

739 Resumption After Default : Lessons from Capital Markets during the 19th century WP/06/176 IMF Sale Juan

740 Euro -Dollar Real Exchange Rate Dynamics in an Estimation Two country model :What is Important ant What is not IMF Tuesta Vicente Rabanal

pau

741 A Solution to two Paradoxes of International Capital Flows Wp/06/178 IMF Wei Shang -Sin Ju Jiandong

742 Institutional Quality ,Knightian Uncertainity and Insurability : A cross cuntry analysis WP/06/179 IMF Sayers Cherah Erbas S

Nuri

743 Do Debt Service Saving and Grants Bost Social expenditures? WP/06/180 IMF Thomas Alun

744 Capital Flows to Central and Eastern Europe WP/06/188 IMF Maria Milesi Lane PhilipFerrettigian

745 Financial Globalization:A Reappraisal WP/06/189 IMF Prasad Eswar Kose M.Ayhan

746 What's Driving Private Investment in Malaysia? Aggregate Trends and Firm Level Evidence WP/06/190 IMF Unter O-Berdoer Star Olaf

Guimaras Robert

747 What explains Private Saving in Mexico? WP/06/191 IMF Swiston Andrew Bulir Ales

748 Money Isn't Everything.The Challenge of Scaling Up Aid To Achieve the Millennium Development Goals in Ethopia IMF Todd Mattina

749 Natural- Resource Depletion ,Habit Formation and Sustainable Fiscal Policy Lessons from Gabon WP/06/193 IMF Alters Jan-Peter Leigh

Daniel

750 Currency Risk Premia in Global Stock Markets WP/06/194 IMF Smemit Matthew D. Roache Shaunk

751 A Primer For Risk Measurement of Bonded Debt from bonded Debt from the perspective of a Sovereign Debt Manager WP/06/195 IMF Papaioamou Michael

752 Measures of Underlying Inflation in the Euro Area : Assessmet and role for Informing Monetary Policy IMF Starnev Emil

753 Insuring Public Finance against Natural Disasters. A Survey of Options and Recent Initiatives WP/06/199 IMF Bruk Off Patnicia Hofman

David

754 The Jordanian Stock Market -Should you Invest in it for Risk Diversification orPerformance WP/06/187 IMF Petni Martin Sedik-Sedik

Tahsin

755 The Level and Composition of Public Sector Debt in Emerging Market Crises WP/06/186 IMF Rather Bisorn Balle Monica de Hakobyan Ivetta

756 Oil and Growth in the Republic of Congo WP/06/185 IMF Ghura Dhaneshwar Bhattacharya Rina

757 Fiscal and Monetary nexus in Emerging Market Economies :How Does Debt Matter?WP/06/184 IMF Manmohan S. Taimur

Baig

758 Corruption and Technology Induced Private Sector Development IMF Ruha Shyankiko Francois Jean Etlenmme B. Yehous

759 Asset Mrket Participation Monetary Policy Rules and The Great Inflation WP/06/200 IMF Straub Roland Bilbilie Floxin

760 The stock market and the financing of corporate growth in Africa :The case of Ghana IMF Aartey Charley Amo

761 Do some forms of Financial Flows help protect from sudden stops? IMF Smauro Paalo Levchenko Andrei

762 Fiscal Implications of Multilateral Tariff Cuts IMF Hallaent Jean Jacques Woytek Katnin Elborgh

763 A Principal Agent Theory Approach to Public Expenditure Management Systems in Developing Countries IMF Elizabeth Leruth-Lue

764 The External Financing of Emerging Market Countries : Evidence from rwo waves of Globalisation IMF Mauro Paolo Faxia Andre

765 Common Voltality Trends in the Central and Eastern European Currencies and the Euro WP/06/206 IMF Taminisa Matalia T

Marcus Pramor

766 Economic Growth and Total Factor Productivity in Niger IMF Fontaine Thomson Machega Jean Claude

767 Growth and Refoms in Latin America a Survey of Facts and Arguments IMF Zettelmeyer Jeromin

768 The Monetary Policy Regime And Banking Spreads In Barbados IMF Valderrama Laura Samuel Wendell

769 Political Instability and Inflation Volatility WP/06/212 IMF Francisco Jase Aisen Axis Veiga

770 The incidence and Effectivenes of Prior Actions in IMFsupported Progrmme WP/06/213 IMF Ramakrishnan Uma Thomas Alun

771 Distance -to-Default in banking .A Bridge too Far? WP/06/215 IMF Sy Ariadou M.r Jorge Lau-Chan

772 Fiscal Determinants of Inflation: A Primer for the Middle Eastland North Africa WP/06/216 IMF Fanizza Domenico

773 The Limits of Market based Risk Transfer and Implications for managing systemic risks WP/06/217 IMF Blanches Micalas Groome

Todd

774 The "Flat Tax(es)" Principles and Evidence WP/06/218 IMF Keen Michael 775 Post Crisis Recovery when does Increased Fiscal Discipline Work? WP/06/219 IMF Kim Yitae Mitra Pritha

776 How Robust are estimates of Equillibrium Real exchange Rates : The case of China WP/06/220 IMF Legh Lamin Dunway

Stepvan

777 External Adjustment and Equillibrium Exchange. Rate in BrazilWP IMF Paiva Cladio 778 Economic and Political Determinants of Tax Amnesties in the U.S states WP/06/222 IMF Borgne Exic le 779 A Debt overhang model for how Income countries : Implications for Debt Relief IMF Koeda Junko

780 Assesing Banking Sector Soundnessin a long term framework :the case of Venezuela WP/06/225 IMF Blavy Rodalphe

781 Output Drops and the Shocks that Matter IMF Mauro Paolo Belker Torbjorn

782 The role of Seasonality and Monetary Policy in Inflation Forecasting IMF Kumah Francis Y.. 783 How might a Disorderly Resolution of Global Imbalances affect Global Wealth IMF Warnock Francis E.

784 Review and Implementation of Credit Risk models of the Financial Sector Assessment Programme IMF Liu Kexue Avesani

Renzog

785 Setting Government Quality Trends and Real Effects IMF Jorge Ivan Canales Krilienko Kisin bay Turgut

786 Monetary Transmission Mechanism in Belaras IMF Maino Rodolfo Horvath Balazis

787 The management and Distribution of Fuel Subsidies ;Evidence from Ghana ,Jordan,Mali and Sri Lanka IMF Moataz El-Said Coady

David Gillingham Robert

788 Transmission Mechanism of Monetary policy in America;Evidence from VAR Analysis IMF Halger Florke Meir Dabla- Morris Era

789 What do remittances do?Analyzing the rivate Remittances Transaction Mechanism in EL Salvador WP/06/250 IMF Saca Nalvia M. Caeres

Luis Rene

790 Are the French Happy with the 35 hour Work Week?WP/06/25 IMF S A Filipa Estevae Marcello

791 Exchange Rate Risk Measurement and Management : Issues and Approaches for Firms IMF Papaioamou Michael

792 Goal Independent Central Banks;Why Politicians Decide to Delegate. IMF Crowe Crowe Christopher

793 To Smooth or not to Smooth -The Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan IMF Peter Martin Saadi Sedik

794 Financial Integration in Asia : estimating the Risk Sharing Gains for Australia and other Nations IMF Mercereau Bernail

795 Specification of a Stochastic Simulation model for Assessing Debt Sustainability in Emerging Market Economies. IMF karan Phillipe Hostland

Dougand

796 Currency Mismatches and Corporate Default Risks:Modelling ,Measurement and Surveillance Applications IMF Santos Andre O. Chan

Lau Jorge

797 Making Fiscal Space Happen : Managing Fiscal Policy in a world of Scaled Up Aid IMF Katz Menachem Heller Peter S Debrum Xavier

798 Rethinking the Governance of the International Monetary Fund IMF Iqbal Zaidi Mirakhar Abbas

799 The IMF's Reserve Template and Nominal Exchange Rate Voltality WP/06/274 IMF Gonzalez Garcia Jesus Cady John

800 The Myth of post reform stagnation in Brazil IMF Chanon Marcos Filpo Inineude Carvalho

801 Credit Flows Policy and te External Deficit of Bosnia and Herzegovinia WP/06/276 IMF Kanda Daniel

802 Elements of Optimal Monetary Policy Committee Design WP/06/277 IMF Vandenbussche Jerome

803 Implementating Inflation Targeting : Institutional Arrangement ,Target Design and Communication WP/06/278 IMF Peter Marcel Heenan

Geoffrey Roger Scatt

804 Uganda : Managing more Effective Decentralization IMF Brosio Giorgio Ahmad Ehtisham

805 Financial versus Monetary Mercantilism : Long Run View of large International areserve Hoarding Wp/06/1280 IMF Lee Jaewoo Aizenman

Joshva

806 Central Bank Boards around the World :Why does Membership Size Differ? IMF Mitsch Berger Helge Lybek Tonny

807 Brazil Long term Growth Peformance trying to explain the Puzzle IMF Cerisola Martin Adrogue ricardo Gelas Gaston

808 Portfolio Credit Risk and Macro Economic Shocks : Applications to Stress Testing under Data Restricted Environments IMF Segovi Anoand Basurto

Miguel A. Padilla Pablo

809 Solowversus Harrod-Domar : Reexamining the Aid Costs of the First Millennium Development Goal IMF Erickson Lennart

Dalgaard Carl-John

810 How does the Introduction of health Insurance Change the Equity of Health Care provision in Bulgania IMF Markova Nova

811 Managing and Controlling Extra Budgetary Funds IMF Radev Dimitar Allen Richard

812 Volatility and Growth in Latin America an Episodic Approach IMF Goyal Rishi Sahay Ratna

813 Regulatory Lessons from the Crisis of the Costa Rica's Mutual Fund Industry IMF Carvajal Ana

814 Testing the Transparency benefitss of Inflation Targeting : Evidenc from Private sector Forecasts IMF Crowe Christopher

815 A Gravity Model of workers Remittances IMF Arranzmarta Lueth Erik Ruiz

816 Rebalancing China's Economy : What does Growth Theory Tells You IMF Aziz Jahangir

817 The Rise Of Foreign Investment I China's Bank -Taking Stock IMF Podpiera Richard Leigh Lamin

818 Corporate Governance Quality Trends and real Effects IMF Laeven Luc Micalo Giami De Veda Kenichi

819 Bank Risk Taking and Competition Revisited : New Theory and New evidence IMF Micalo GianniDe Boyd John H.S Jalal Abum

820 Banking Spreads in Latin America / WP/06/44 IMF R.Gasten Gelos 821 Recent Dynamics of Crude Oil Prices IMF Krichene Noureddine

822 A VAR analysis of Kenya's Monetary Policy Transmission Mechanism : Repo Rate Affect the Economy?WP/06/300 IMF Cheng Kevin C.

823 The Shortcomings of a partial release of a Employment Protection Laws : the case of the 2005 French Refoms IMF Carille Stephane Cahuc

Pierre

824 On Myopic Equilibria in Dynamic Games with Endogeneous Discounting IMF Tieman Alexander Bolt Wilko

825 Assessing Competitiveness After Conflict : the case of the Central African Republic IMF Kalonji Kadima Bakhache Said

826 Tax ,Welfare and Pension Reforms in Slovenia : Implications for work Incentives and Labor Participation IMF Phillippe Egoume

Bossogo Anita Tuladhar

827 Testing Real Interest Parity in Emerging Markets IMF Banerjee Abhishek Singh Manmohan

828 Sustaining Latin America's Resurgence : Some Historical Perspective IMF Cerisola Martin Singh Anoops

829 What'sDriving Investment in China? WP/06/265 IMF Brooks Roy Barnett Stevan

830 Banks Coornators of economic growth WP/06/264 IMF Ueda Kenichi

831 Stablizing Inflation in Iceland WP/06/262 IMF Hunt Benjamin Honjo Keiko

832 Can Good Events Lead to Bad Outcomes ? Endogenous Banking Crisis and Fiscal olicy Responses WP/06/263 IMF Rechon Celine Feltenstein

Andrew

833 Export Performance and external Competitiveness in former Yugoslavia Republic of Macedonia WP/06/261 IMF Gutierrez Eva

834 Political Price Cycles in Regulated Industries :Theory and Evidence WP/06/260 IMF Moita Rodnigo Paiva Claaudio

835 Allowance for Corporate Equity in practice WP/06/259 IMF Klemm Alexander 836 Financial Development the structure of Capital Markets and the Global Digital Divide IMF Yarley Charles amo

837 Sovereign Debt Restructuring and Debt Sustainability an Analysis of Recent Cross - Country etc. IMF

838 Policy Credibility and Sovereign Credit : The Case of the New EU member States WP /07/1 IMF Jones Jini Hauner David Kumar Manmohan

839 Cooperative Banks and Financial Stability WP/07/2 IMF Cihak Martin Hesse Heiko

840 Banking Sector Integration and Competition in CEMAC IMF Vacher Jerome Saab Samer Y.

841 Debt Dynamics and some Imbalances : Some Conventional views Reconsidered Wp/07/4 IMF Meredith Guy

842 Yemen : Exhange Rate Policy in the face of dwindling oil exports WP/07/5 IMF Schneider Todd Chami Saade Lataifa Ben

843 Can a Rule Based Monetary Policy Framework works in a Developing Country :The case of Yemen IMF Eledage Selim Chami

Saade Lataifa Ben Schneide

844 Monetary Policy Implementation : Results from a survey WP/07/7 IMF Maino Rodalpo Buzeneca Inese

845 Collateral Damage ; Exchange Controls and International Trade IMF Zhang Zhiwei Wei Shang -Jin

846 Quasi Fiscal Deficits in Non Financial Enterprises IMF Tchaize Robert

847 Role of debt Maturity Structure on Firms Fixed Assets during Suuden Stop Episodes: Evidence from Thailand IMF Monsy Hanan Iannaxiello

Maxia Hagiwara Akiko Tera

848 Public Debt and Fiscal Vulnerability in the Middle East IMF Maliszewski Waicielh Fouad Manal Monsyhanan Homme

849 What should Macro Economists know about Health Care Policy? IMF Heller Peter Hasio William

850 China Strenthening Monetary Policy Implementation WP/07/14 IMF Maino Redolfo Laurens Bernerd J.

851 Mortality and Lifetime Income : Evidence from U.S Social Security Records WP/07/15 IMFGilingham Robert Greenlees Duggan James E

John S. Greenlees

852 Does Trade and Technology Transmission Facilitate Inequality Convergence?An Inquiry into the Role of Technology In Reducing the poverty of Nations WP/07/16 IMF Das Gourava Gopal

853 Building Supervisory Structures in Sub Saharan Africa : an analytical Framework WP/07/18 IMF Taylor Michael W. Quintyn More

854 The CFA arrangement more then Just an Aid Substitute? IMF Yehoue Etiemme B.

855 The Use of Mortgage Covered Bonds IMF Pascual Antonio Gercia Avesani Renzog Ribakova Elina

856 Insurance and Issues in Financial Soundness WP/03/138 IMF Daviies Nigel Das Udaibir S Podpiera Richard

857 What Expllains Germany's Rebounding Export Market Share? WP/07/24 IMF Toutz Fred Danninger Stephen

858 The fear of Freedom : Political and Independence and accountability of Financial Sector Supervision WP/07/25 IMF Ramirz Silvia Quintyn

More Michael W.Taylor

859 ublic Expenditure in Latin America :Trends and key policy Issues WP/07/21 IMF Fairclath Christopher Clements Benedict Verhoeven Manifin

860 SAFTA : living in a world of Regional Trade Agreements WP/07/23 IMF Jose Daniel Rodxiguez Delgado

861 Italy Assessing Competition and Efficiency in the Banking System WP/07/26 IMF Maechler Andrea Drummand paulo Mand Macelino Sand

862 Fiscal Policy and the Exchange Rate Cuurent Account Nexus WP/07/27 IMF Kim Jun II 863 Public Pension Reform: A Primer WP/07/28 IMF Jousten Alain 864 Prcautionary Monetary and Fiscal Policies WP/07/30 IMF Bermen Pelin

865 VAT Fraud and Evasion"what can be done? WP/07/31 IMF Smith Stephen Keen Michael'

866 Sources of Inflation in Sub Sharan Africa WP/07/32 IMF Peixis Shanaka J Barnichon Regis

867 Exchange Rate Policy Liability Dollarization : An Empirical study IMF Cavallo Eduardo Berkmen Pelin

868 Fixed Exchange Rate and The Autonomy of Moneatry Policy : The Franc Zone cae IMF Veyrune Romain

869 Remttances in the Pcific Region WP/07/135 IMF Mineshima Aiko Browne Christopher

870 Danish For All ? Balancing Flexibility with Security : The Flexibility Model WP/07/36 IMF Zhou Jianping

871 Strategies for Fiscal Consolidation in Japan WP/07/37 IMF Edison hali Batman Dennis Diaye Papa

872 Impact Of Remittances on poverty and Fiancil Dvelopment in Sub saharan africa WP/07/38 IMF Pottillo Catherine Gupta Sanjeev Wagh Smith

873 Capital Structure and InterationalDebt Shipping WP/07/39 IMF Laeven Luc Huizinga Harry Michael Gaetam

874 Do South Trade Agreements Increase Trade? Commodity Levlel Evidence from COMESA WP/07/40 IMF Steinberg Chad Mayda

Anna Mania

875 Inflation in Poland : How much can Globalization Explain? WP/07/41 IMF Alord Celine

876 Tax Reform and Debt Sustainability in Germany ; An Assessment using the Global Fiscal Model W.P/07/46 IMF Dennis Batman Danninger

877 Give Trust chance :a model of Trust in The Context of IMF supported Program WP /07/42 IMF Sembene Daoda

878 Calonial Oxigins, Institutions and Economic Perormance in the Carrribbean Guyana and Barbadas IMF Dacosta Michael

879 External Linkages and Contaigion Risk in Irish Banks WP/07/44 IMF Mitra Srobona Duggar Elena

880 Pricing Fund Liqidity Provision WP/07/45 IMF Rassi Marco 881 Will a Regional Bloc enlarge? WP/07/69 IMF Albertin Giorgia

882 Monetary Policy in an equilibrium portfolio balance model WP/07/72 IMF Nieuwer Burgh Kumhof Michael Stifi Van

883 Domestic petroleum product prices and Subsidies:Recent Devlopments and Reform strategy WP/07/71 IMF Moti Anine Baig Taimur Mtamatungiro Coady

884 Modelling Aggregate use of fundamental approches and medium term projections WP/07/70 IMF Goretti Manuela Ghosh Atish Joshi Bikas

885 Will a Regional Bloc Enlarge WP/07/69 IMF Giorgia Albertin.

886 Politically Optimal Fiscal Policy WP/07/68 IMF YakadinaInima Kumhof Michael

887 Public Infrastructure ,public Consumtion and Welfare in a New-Open Economy macro model WP/07/167 IMF Tervala Juha Ganelli

Giovami

888 Can Regional Integration Accelerate Dfevelopment in africa? CGE Model Simulations of the impact of the SADCFTA on the Republic of Madagaskar WP/07/66 IMF Hallart Jean Jacques

889 Growth in the Dominican Republic and Haiti why has the grass been greener on one side of Hispaniala? IMF Sancak Cemile Jaramillo

Laura

890 Is the Quantity of Government Debt a Constraint for Monetary policy? Wp/07/162 IMF Mitra Srobana

891 Policies Enforcement and Customs Evasion from India WP/07/60 IMF Subramanian Arvind Mishra Prachi Topalova Petia

892 Introduction to applied Stress Testing WP/07/59 IMF Cihak Martin

893 A primer on Sovereign Debt Buybacks and SWAPS IMF Palan Magdalena Medeiras Carlos Ramlogan Parmesh

894 International Evidence on Fiscal Solvency : Is Fiscal policy Responsible?WP/07/56 IMF Ostry Jonathan D. Enrique G. Mendoza

895 Egypt Seaching Binding Constraints on Growth WP/07/57 IMF Enders Klaus

896 Can the natural Resource curse be tuned into a Blessing / The role of trade policies and Institutions WP/07/55 IMF Plaeg Frderick Vander

Arezki Robah

897 The Question for rice Stability in Central America and the Domincan Republic WP/07/54 IMF Porrado Eric H Luis Jacome

898 Are Regional Trade Agreements in Asia stumbling or building blocks ? Implication for the mekong 3 Countries WP/07/53 IMF TumbarelloPatrizia

899 The Prosects for Sustained Growth in Africa : Benchmarking the Constraints WP/07/52 IMFArvind Subramanyam Johnson Simon Ostry JanatahanD.

900 Democracy and Foreign IMF Spilimbergo Antonio

901 External Debt and Economic Reform .Does a Pain Reliever delay the Necessary Treatement? WP/07/50 IMF Vamvakidi's Athanasios

902 On the Welfare Benefits of an International Currency WP/07/49 IMF Kannan Prakash

903 The Lending Channel in Emerging Economies : Are Foreign Banks Different? IMF Reinhart Carmen Rena Marco Vazquez Francisco

904 Uncovered Interest Parity W.P/06/96 IMF Peter Isard 905 Reforming Employment Pratetion Legislation in France W.P/06/108 IMF Jianping Zhou 906 Government Debt in Emerging Market Countries : A New Data Set W.P/07/98 IMF Olivier Jeanne Anastasia Guscina907 Macroeconomic Effects and Policy Challenges of Population Aging IMF Natalia Tand Tamirisa Hamid Faruqee

908 A New Risk Indicator and Stress Testing Tool A Multifactor Nth-to Default CD Basket IMF Renzo G Avesani Garcia Pascual Antor

909 Aid Scaling Up : do Wage Bill Ceiling Stand in the Way ? W.P/06/06 IMF Annalisa Fedelino Gered Schwartz910 Idiosyncratic and Systemic Risk in the European Corporate Sector etc W.P/06/07 IMF Jorge A Chan - Lau Luyinqiu911 The Tax System in India ; Could Reform Spur Growth ? W.P/06/93 IMF Helene Pairson 912 Core Inflation Measures and Statistical Issue in Choosing Among them W.P/06/97 IMF Mick Silver 913 Market Based Estimation of Default Probabilities and its Application etc W.P/06/104 IMF Jorge A Chan - Lau

914 IMF Data Standards Initiatives a Consultative Apporach to Enhancing Global Data etc W.P/06/102 IMF Anne Y Kester

915 Donoar Herding and Domestic Debt Onisis IMF Montfort Mlachila Yohane Khamfula916 Country Insurance the Role of Domestic Policies IMF Torbjorn Becker Oliver Jeanne917 The Macroeconomics of Scaling up aid Lessons from Recent experience IMF Andrew Berg Shekhar Aiyar

918 Mouing to Greater Exchange Rate Flexibility Operational Aspects Based on Lessons etc IMF David Vavra Robe inci Atker