 | IMF Research Bulletin, December 2006 Author/Editor: Clinton R Shiells, Antonio Spilimbergo, Vladimir Klyuev, Raghuram Rajan. Release Date:December, 2006 The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF and also provides a listing of research documents and more...
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 | Modernizing China's Growth Paradigm Author/Editor: Eswar Prasad, Raghuram Rajan. Release Date:March, 2006 China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, more...
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 | India's Pattern of Development : What Happened, What Follows? Author/Editor: Arvind Subramanian, Raghuram Rajan, Ioannis Tokatlidis, Kalpana Kochhar, Utsav Kumar. Release Date:January, 2006 India has followed an idiosyncratic pattern of development, certainly compared with other fast-growing Asian economies. While the importance of services rather than manufacturing is widely noted, more...
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| Controlled Capital Account Liberalization : A Proposal Author/Editor: Eswar Prasad, Raghuram Rajan. Release Date:October, 2005 In this paper, we develop a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a more...
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| What Undermines Aid's Impact on Growth? Author/Editor: Arvind Subramanian, Raghuram Rajan. Release Date:June, 2005 We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We more...
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| Aid and Growth : What Does the Cross-Country Evidence Really Show? Author/Editor: Raghuram Rajan, Arvind Subramanian. Release Date:June, 2005 We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even more...
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| The Real Effect of Banking Crises Author/Editor: Giovanni Dell'Ariccia, Raghuram Rajan, Enrica Detragiache. Release Date:March, 2005 Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative more...
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