Author/Editor: Pablo Emilio Guidotti, Jose De Gregorio.

Release Date:December, 1992

This paper examines the empirical relationship between long–run growth and the degree of financial development, proxied by the ratio of bank credit to the private sector as a fraction of more...

Author/Editor: Pablo Emilio Guidotti, Carlos A Végh Gramont.

Release Date:September, 1992

In exchange rate-based stabilization programs, credibility often follows a distinct time pattern. At first it rises as the highly visible nominal anchor provides a sense of stability and hopes run more...

Author/Editor: Pablo Emilio Guidotti.

Release Date:August, 1992

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to more...

Author/Editor: Pablo Emilio Guidotti, Carlos A Rodriguez.

Release Date:November, 1991

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and more...

Author/Editor: Manmohan S Kumar, Pablo Emilio Guidotti.

Release Date:March, 1991

This study discusses the evolution of domestic public debt in several indebted countries and its relationship with their external debt and underlying fiscal developments. It examines the links more...

Author/Editor: Pablo Emilio Guidotti, Guillermo Calvo.

Release Date:January, 1991

A brief survey of the literature on speculative attacks is provided. The nature and causes of balance-of-payments crises, the implications for the behavior of the current account and the real more...

Author/Editor: Pablo Emilio Guidotti, Guillermo Calvo.

Release Date:December, 1990

Optimal management of the public debt is explored in a context where economic policy is continuously revised because, when the public debt is non—indexed, policy—makers are more...