Lessons Of Economic Stabilization And Its Aftermath
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Lessons of Economic Stabilization and Its Aftermath
Comprises essays presented at a conference held in Jerusalem in 1990.
IMF Staff Papers, Volume 54, No. 2
Author: International Monetary Fund. Research Dept.
language: en
Publisher: International Monetary Fund
Release Date: 2007-09-26
Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is the 2006 Mundell-Fleming Lecture (delivered at the ARC), which analyzes current-account deficits in the advanced economies. Other papers in this issue look at the relationship between international financial integration and the real economy. Other papers discuss whether (or not): i) the next capital account crisis can be predicted; ii) accepted definitions of debt crises are adequate; iii) the Doha Round of trade talks (if they are ever successfully completed) will lead to preference erosion; and finally iv) there is room for political opportunism in countries deciding between money-based or exchange-rate-based stabilization programs.
The Political Economy of Reform
In this book, Federico Sturzenegger and Mariano Tommasi propose formal models to answer some of the questions raised by the recent reform experience of many Latin American and eastern European countries.