Release Date: December, 2013

This guide explains the nature and objectives of the General Data Dissemination System (GDDS), describes its operation, and provides practical guidance to IMF member countries on participation in the more...

Release Date: December, 2013

The International Monetary Fund (IMF) launched the data standards initiatives to enhance member countries’ data transparency and to promote their development of sound statistical systems. The need more...

Author/Editor: Rakesh Mohan, Michael Debabrata Patra, Muneesh Kapur.

Release Date: November, 2013

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital more...

Release Date: October, 2013

The IMF's 2013 Annual Report chronicles the response of the institution's Executive Board and staff to the global financial crisis and other events during financial year 2013, which covers the period more...

Author/Editor: Steven A Barnett, Rodolfo Maino.

Release Date: April, 2013

This Departmental Paper portrays a cross-country dimension of macroprudential policy implementation in Asia, advancing a comprehensive overview of institutional arrangements and instruments deployed more...

Release Date: October, 2012

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the fiscal cliff facing U.S. policymakers. more...

Release Date: July, 2012

Release Date: July, 2012

Author/Editor: Nir Klein.

Release Date: July, 2012

This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's more...

Author/Editor: Luis Ignacio Jácome, Erlend Nier, Patrick A. Imam.

Release Date: July, 2012

An increasing number of countries - including in Latin America - are reforming their financial stability frameworks in the aftermath of the financial crisis, in order to establish a stronger more...

Author/Editor: Michael Debabrata Patra, Muneesh Kapur.

Release Date: May, 2012

This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to more...

Author/Editor: Tamon Asonuma, Xavier Debrun, Paul R. Masson.

Release Date: May, 2012

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) more...

Release Date: April, 2012

Author/Editor: Manmohan Singh, Peter Stella.

Release Date: April, 2012

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of more...

Author/Editor: Kenichi Ueda, Fabian Valencia.

Release Date: April, 2012

We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial more...

Author/Editor: Gustavo Adler, Pedro Castro, Camilo Ernesto Tovar Mora.

Release Date: February, 2012

Heavy foreign exchange intervention by central banks of emerging markets have lead to sizeable expansions of their balance sheets in recent years”accumulating foreign assets and non-money domestic more...

Author/Editor: Pelin Berkmen.

Release Date: January, 2012

This paper asks whether the BoJ's recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. Using a structural VAR model, the paper finds more...

Author/Editor: Helge Berger, Henning Weber.

Release Date: January, 2012

The natural interest rate is of great relevance to central banks, but it is difficult to measure. We show that in a standard microfounded monetary model, the natural interest rate co-moves with a more...

Author/Editor: Ales Bulir, Martin Cihák, David-Jan Jansen.

Release Date: January, 2012

This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the more...

Author/Editor: Luis Ignacio Jácome, Marcela Matamoros-Indorf, Mrinalini Sharma, Simon Baker Townsend.

Release Date: January, 2012

Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. more...