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IMF Staff papers, Volume 41 No. 3

1994-01-01 Business & Economics
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Release : 1994-01-01
Genre : Business & Economics
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Book Rating : 306/5 ( reviews)

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Book Synopsis IMF Staff papers, Volume 41 No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 41 No. 3 written by International Monetary Fund. Research Dept.. This book was released on 1994-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the payments system reforms and monetary policy in emerging market economies in Central and Eastern Europe. The reforms in the payments system are viewed as closely interrelated with the development of money and foreign exchange markets and the instruments of monetary policy used by the central banks. The paper shows that although starting from similar origins, there were significant variations in experiences of the countries studied in transforming their payments systems after the start of the reforms toward a market economy, from which certain lessons can be drawn.

IMF Staff papers, Volume 41 No. 1

1994-01-01 Business & Economics
Download IMF Staff papers, Volume 41 No. 1 PDF Online Free

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Release : 1994-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 033/5 ( reviews)

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Book Synopsis IMF Staff papers, Volume 41 No. 1 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 41 No. 1 written by International Monetary Fund. Research Dept.. This book was released on 1994-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines effects of economic growth and speed of adjustment on openness, human development, and fiscal policies. The model developed in this paper postulates that learning through experience raises labor productivity with three major consequences. First, the steady-state growth rate of output becomes endogenous and is influenced by government policies. Second, the speed of adjustment to steady-state growth increases and enhanced learning further reduces adjustment time. Third, both steady-state growth and the optimal net rate of return to capital are higher than the sum of the exogenous rates of technical change and population growth.

IMF Staff papers

1994-01-01 Business & Economics
Download IMF Staff papers PDF Online Free

Author :
Release : 1994-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 16X/5 ( reviews)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept.. This book was released on 1994-01-01. Available in PDF, EPUB and Kindle. Book excerpt: Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s. The appropriate policy response to a terms of trade shock depends importantly on whether the shock is perceived to be temporary or permanent. Our results indicate that the recent weakness in commodity prices is mostly secular, stressing the need for commodity exporting countries to concentrate on export diversification and other structural policies. There is, however, scope for stabilization funds and the use of hedging strategies, since the evidence also suggests commodity prices have become more volatile.

IMF Staff Papers, Vol. 49

2002
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Release : 2002
Genre :
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Book Synopsis IMF Staff Papers, Vol. 49 by : International Monetary Fund

Download or read book IMF Staff Papers, Vol. 49 written by International Monetary Fund. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff papers

1989-01-01 Business & Economics
Download IMF Staff papers PDF Online Free

Author :
Release : 1989-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 039/5 ( reviews)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept.. This book was released on 1989-01-01. Available in PDF, EPUB and Kindle. Book excerpt: Although accommodative policies and widespread indexation may account for the persistence of high inflation, they cannot explain changes in the inflation rate. The causes of such changes for the high-inflation episodes immediately preceding the recent “heterodox” attempts at stabilization in Argentina, Brazil, and Israel are examined by computing historical decompositions of these episodes based on vector autoregressions, distinguishing between the “fiscal” and “balance of payments” views of their causes. In all three cases, nominal exchange rate shocks played the dominant role in triggering an acceleration of inflation. [JEL 134]

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