Author/Editor: Shigeru Iwata, Evan Tanner.

Release Date:May, 2003

We characterize a country's exchange rate regime by how its central bank channels a capital account shock across three variables: exchange depreciation, interest rates, and international reserve more...

Author/Editor: Shigeru Iwata, Andrew Feltenstein.

Release Date:May, 2002

This paper examines possible ways for a developing country to finance budget deficits from domestic resources. It does so by analyzing Pakistan's National Savings Scheme (NSS). The NSS has a number more...

Author/Editor: Mohsin S Khan, Shigeru Iwata, Hiroshi Murao.

Release Date:January, 2002

The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the more...