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Finance & Development December 2009 Ghosh & Ostry |
Choosing an Exchange Rate Regime A new look at an old question: Should countries fix, float, or choose something in between? |
Finance & Development March 2008 Stone et al. |
Back to Basics The exchange rate regime has a big impact on world trade and financial flows, thereby making it a central piece of any national economic policy framework. |
Finance & Development March 1, 2003 Jbili & Kramarenko |
Should MENA Countries Float or Peg? As they open up their economies, MENA countries may need to rethink their exchange rate regimes |
Finance & Development March 1, 2000 Andrew Berg & Eduardo Borensztein |
The Dollarization Debate Full dollarization of the economy is widely discussed as a way of enabling developing countries to overcome monetary and exchange rate instability. What are the costs and benefits of dollarizing, and which developing countries are most likely to benefit? |
Finance & Development September 2009 Jeffrey A. Frankel |
Anticipating the Next Crisis What can early warning systems be expected to deliver to predict the next economic crisis? |
Finance & Development June 1, 2001 Gyorgy Szapary |
Transition Countries' Choice of Exchange Rate Regime in the Run-Up to EMU Membership An important decision for the Central and Eastern European countries seeking membership in the European Union is choosing the most appropriate exchange rate regime. Experience has shown that many considerations are involved in this decision... |
Finance & Development March 1, 2002 Carmen M. Reinhart & Vincent Reinhart |
Is a G-3 Target Zone on Target for Emerging Markets? Would the exchange rate stability created by a target zone for the world's three most important currencies be in the best interests of emerging market countries? A recent study suggests such stability might come at the price of more volatile interest rates, making this a difficult question... |
Finance & Development September 1, 2000 Enzo Croce & Mohsin S. Khan |
Monetary Regimes and Inflation Targeting Inflation targeting---a framework for monetary policy that commits the central bank to achieving low inflation---has enjoyed considerable success among industrial countries in helping to maintain price stability... |
Finance & Development March 1, 2003 Cashin et al. |
Commodity Currencies Developing countries reliant on commodity exports see the fate of their exchange rates tied to fickle commodity markets |
Finance & Development December 1, 2005 Carstens & Luis I. Jacome H. |
Taming the Monster How Latin America's central banks survived hyperinflation to become guardians of price stability. |
Finance & Development September 2010 |
Data Spotlight: Coping with Capital Inflow Surges In response to recent inflow surges, some emerging markets are again using capital controls |
Finance & Development March 1, 2001 R.D. Asante & Paul Robert Masson |
The Pros and Cons of Expanded Monetary Union in West Africa A conversation with Jacqueline Irving of the IMF's External Relations Department... |
Finance & Development December 2011 Eswar S. Prasad |
Role Reversal Emerging economies are less dependent on debt, less vulnerable to volatile investment sentiment, and are rethinking the role of capital flows |
Finance & Development March 2011 Jorge Canales-Kriljenko et al. |
Ending Instability How monetary policy reforms helped propel five major Latin American countries from recurrent crises to economic stability. |
Finance & Development December 2010 |
Emerging Markets Come of Age These vibrant middle-income countries survived the global recession, but face bumps as they seek to solidify their place in the world economy. |
Finance & Development March 2009 Brad Setser |
The Shape of Things to Come Individual national decisions, not international summits, will remake the global financial system. |
Finance & Development June 2011 |
Esprit de Currency The IMF and WTO must pull together to iron out exchange rate policy disputes. |
Finance & Development September 1, 2002 Lipschitz et al. |
The Tosovsky Dilemma: Capital Surges in Transition Countries Transition countries that open themselves up to global capital markets are vulnerable to large and potentially erratic flows. Such flows should not be seen as one-off destabilizing events: they are intrinsic to the transition process and therefore need to be factored into policy formulation. |
Finance & Development September 1, 2002 |
In brief Debt sustainability... Fewer secrets... More accurate exchange rate classifications... Floating peg or pegged float?... |
Finance & Development September 2008 Simon Johnson |
Straight Talk: Emerging Markets Emerge Emerging markets are now a key determinant of global growth. This is good news -- and a potential problem |
Finance & Development June 2010 Eswar Prasad |
After the Fall As the debate over how best to manage monetary policy heats up, the once-sharp difference between advanced and emerging economies is blurring. |
Finance & Development March 2010 Scott Roger |
Inflation Targeting Turns 20 A growing number of countries are making a specific inflation rate the primary goal of monetary policy, with success. |
Finance & Development September 1, 2000 Robert A. Feldman & C. Maxwell Watson |
Central Europe: From Transition to EU Membership The Central European countries have made considerable progress with the transition to a market economy and now face the challenge of developing macroeconomic policy frameworks on the road to EU accession. |
Finance & Development March 1, 2007 James L. Rowe |
A Master of Theory and Practice Economist Guillermo A. Calvo hopes to help emerging market policymakers by taking advantage of the current tranquility to develop a theoretical underpinning for monetary policy in countries with underdeveloped financial systems and virtually no lender of last resort. |
Finance & Development September 1, 2006 Laura Wallace |
Ahead of His Time An interview with economist Robert Mundell, who is widely regarded as a pioneer of modern international economics. |
Finance & Development March 2011 Nicolas Eyzaguirre |
Sustaining Latin America's Transformation Building on recent successes, Latin America now has a chance to raise its profile in the global marketplace. |
Finance & Development March 1, 2007 Leslie Lipschitz |
Wising Up about Finance With tighter links between national economies and global financial markets, better financial analysis is critical to macroeconomic management. |
Finance & Development March 1, 2007 Yaga Venugopal Reddy |
Point of View: Converting a Tiger The Reserve Bank of India's governor offers lessons from the country's gradualist approach to capital account convertibility. |
Finance & Development June 2009 Marek Belka |
Europe Under Stress The global economic crisis is testing the cohesion of the European Union |
Finance & Development March 1, 2001 |
Book reviews Robert Solomon's Money on the Move: The Revolution in International Finance Since 1980... Distributive Justice and Economic Development: The Case of Chile and Developing Countries... Ruth de Krivoy's Collapse: The Venezuelan Banking Crisis of '94... etc. |
BusinessWeek November 10, 2010 Shamim Adam |
The G-20: Asia's Central Banks Face a Policy Dilemma As money floods in, Asia's central banks are finding they cannot have free capital flows, controlled currencies, and moderate interest rates at the same time. |
Finance & Development March 1, 2003 Kenneth S. Rogoff |
A Vote Against Grandiose Schemes Trying to regiment coordination of dollar, yen, and euro monetary policy isn't worth the risks and costs. |
Finance & Development March 1, 2007 Bertuch-Samuels & Ramlogan |
The Euro: Ever More Global The euro's future use will be shaped by factors largely outside policymakers' control. |
BusinessWeek October 8, 2009 Simon Johnson |
An IMF Just for Emerging Markets Developing countries don't trust the fund to serve their interests. Solution: An EMF. |
BusinessWeek September 27, 2004 Bremner et al. |
Is Asia Prepared for the Next Crisis? Sound budgets, big trade surpluses, healthier banks -- the developing world has come a long way. That's why investors are pouring in money. But the risks haven't disappeared. |
Finance & Development September 1, 2005 Eswar S. Prasad |
Next Steps for China Why financial sector reform is a crucial element of a long-term economic growth strategy. |
Finance & Development June 2010 Duvvuri Subbarao |
Redefining Central Banking Central banks must distill lessons from the global crisis and make concrete reforms. |
Financial Advisor March 2011 Eric Rasmussen |
Atlas Unbound Will global unrest stop emerging market bonds from emerging? |
Finance & Development June 2010 Linda Yueh |
A Stronger China China can emerge from the crisis stronger if it increases domestic demand and promotes global integration. |
Finance & Development June 1, 2007 Burton & Zanello |
Asia Ten Years After A decade after the Asian financial crisis, the region is growing rapidly but still has a long to-do list. |
On Wall Street November 1, 2011 Jerry Webman |
The Global Government Bonds Advantage Facing the debt-ratings downgrade in the U.S. and the ongoing sovereign debt train wreck in western Europe, fixed income investors are taking a new look at government bonds from unexpected regions and accepting payment in unfamiliar currencies. |
Finance & Development March 1, 2000 Arminio Fraga |
Monetary Policy During the Transition to a Floating Exchange Rate: Brazil's Recent Experience The financial crisis that erupted in Asia in 1997 quickly spread to other developing regions, as international investors panicked and pulled their capital out. In this article, the governor of Brazil's central bank outlines the steps Brazil took to avert financial disaster when inflows of private foreign capital suddenly dried up. |
Finance & Development March 1, 2001 Alvin D.L. Hilaire |
Economic Stabilization in the Caribbean Barbados, Guyana, Jamaica, and Trinidad and Tobago simultaneously tackled serious economic difficulties in the early 1990s. The results of their adjustment programs demonstrate that fiscal reform, supported by other policies, may be the key to achieving a sustainable recovery... |
Finance & Development June 2009 Charles Wyplosz |
Viewpoint: The Euro's Finest Hour? The euro has proved a safe haven for countries lucky enough to have made it into this exclusive club in time. |
Finance & Development December 1, 2002 Fasano & Iqbal |
Common Currency GCC (Cooperation Council of the Arab States of the Gulf) countries face fundamental choices as they head for monetary union. |
BusinessWeek August 8, 2005 Brian Bremne |
The Yuan Grows Up Untethered from the dollar, the yuan could become a major world currency. |
Finance & Development December 1, 2002 Keller et al. |
The Bottom Line Weaknesses in public and private sector balance sheets could be the sign of a crisis in the making. |
Finance & Development December 2005 |
Book Reviews The United States and the World Economy: Foreign Economic Policy for the Next Decade... The Democracy Advantage: How Democracies Promote Prosperity and Peace... etc. |
Finance & Development March 1, 2000 Claudio M. Loser & Martine Guerguil |
The Long Road to Financial Stability Most countries in Latin America and the Caribbean weathered the economic crises of the late 1990s better than expected, thanks to the policy reforms of the past two decades. Further reform is urgently needed, however, to put the region on a faster growth path and reduce its vulnerability to external shocks. |
Finance & Development September 2009 Benjamin J. Cohen |
The Future of Reserve Currencies For nearly a century, the U.S. dollar has reigned supreme, but are those days over? |