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Most popular at the top
- International Monetary Fund 1997; US$ 7.50
Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth despite its efforts at structural adjustment. This paper concludes that the facts do not justify the negative image that structural adjustment has had in Nigeria. Vigorous market reforms and tight financial policies had resulted in economic growth and employment... more...
Economic Adjustment in Low-Income Countries: Experience Under the Enhanced Structural Adjustment FacilityInternational Monetary Fund 1993; US$ 7.50
This paper evaluates progress made under ESAF-supported programs in attaining external viability, restoring economic growth, and implementing structural reforms. Performance is evaluated for 19 countries that entered ESAF arrangements by mid-1992, against the background of their initial conditions, external environment, and implementation of structural... more...
- International Monetary Fund 2003; US$ 12.50
This study examines the challenges and issues facing policymakers in highly dollarized economies. Focusing on Cambodia, which achieved almost complete dollarization during 1991-95, the authors review recent developments in the literature on dollarization and examine the costs and benefits of dollarization in Cambodia, including the ensuing macroeconomic... more...
- International Monetary Fund 1994; US$ 7.50
This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors contend that the analysis of commodity prices should be extended to include the role of the breakdown of major international commodity agreements. In addition,... more...
- International Monetary Fund 1999; US$ 9.00
The apparent contradiction between trade liberalization and continuing high trade tax revenue raises the important question of how, precisely, the one affects the other. Although policymakers generally recognize the long-term benefits of trade liberalization, some have argued for at least a slower pace, in part because of revenue concerns. This paper... more...
- International Monetary Fund 2006; US$ 13.75
Trade finance has long been an important component of international financial flows. Firms in emerging market economies, in particular, rely heavily on bank-financed trade credits to support their export and import activities. This book examines why and how much trade finance flows decline during financial crises, with case studies of several Asian... more...
- International Monetary Fund 2009; US$ 5.00
This paper analyzes whether linkages between external trade finance and trade volumes remain robust during financial crises. The current global financial crisis and the sharp reduction in trade flows have raised questions about the extent to which access to capital affects the ability of companies to produce and sell exports and to buy imports. The... more...
- International Monetary Fund 2000; US$ 10.00
The Caribbean region has performed reasonably well in recent years, but production and exports are still relatively concentrated in a few activities. This occasional paper focuses on the independent states that are full members of the Caribbean Community (CARICOM). The paper discusses recent developments in the Caribbean region and lays out the principal... more...
- International Monetary Fund 2014; US$ 12.50
External Assessments in Special Cases presents the pilot External Balances Assessment methodology developed by IMF staff for estimating current account and exchange rate gaps for a group of advanced and emerging market economies, and discusses modifications to take account of special cases. Different approaches to external assessments for countries... more...