 | Correlations in Emerging Market Bonds: The Role of Local and Global Factors Author/Editor: A Javier Hamann, Irina Bunda, Subir Lall. Release Date:January, 2010 This paper examines the comovement in emerging market bond returns and disentangles the influence of external and domestic factors. The conceptual framework, set in the context of asset allocation, more...
| Price: $18.00
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| Volatility of Development Aid : From the Frying Pan into the Fire? Author/Editor: A Javier Hamann, Ales Bulir. Release Date:March, 2006 The positive impact of foreign aid is limited by the erratic behavior of aid flows. The introduction in 1999 of various initiatives anchored in Poverty Reduction Strategy Papers (PRSPs) which were more...
| Price: $15.00
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| Monetary and Exchange Rate Dynamics During Disinflation : An Empirical Analysis Author/Editor: Lei Zhang, A Javier Hamann, Andres Arias Leiva. Release Date:February, 2005 Based on the observed behavior of monetary aggregates and exchange rates, we classify inflation-stabilization episodes into two categories: de facto exchange rate-based stabilizations (ERBS) and more...
| Price: $15.00
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| Why Do Many Disinflations Fail? the Importance of Luck, Timing, and Political Institutions Author/Editor: A Javier Hamann, Alessandro Prati. Release Date:December, 2002 Many inflation stabilizations succeed only temporarily. Using a sample of 51 episodes of stabilization from inflation levels above 40 percent, we show that most of the failures are explained by bad more...
| Price: $15.00
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| How Volatile and Unpredictable Are Aid Flows, and What Are the Policy Implications? Author/Editor: A Javier Hamann, Ales Bulir. Release Date:October, 2001 This paper examines empirical evidence on the volatility and uncertainty of aid flows, and the main policy implications. Aid is found to be more volatile than fiscal revenues- particularly in highly more...
| Price: $15.00
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| Managing Financial Crises : The Experience in East Asia Author/Editor: Timothy D Lane, A Javier Hamann, Marianne Schulze-Gattas, Ales Bulir, Steven Phillips, Atish R Ghosh, Alex Mourmouras, Jack Boorman. Release Date:June, 2000 The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This more...
| Price: $15.00
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| Exchange Rate-Based Stabilization in Western Europe : Greece, Ireland, Italy and Portugal Author/Editor: Enrica Detragiache, A Javier Hamann. Release Date:June, 1997 This paper compares the experience with exchange-rate–based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the more...
| Price: $15.00
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| The Reform of the Pension System in Italy Author/Editor: A Javier Hamann. Release Date:February, 1997 Italy’s pension system was reformed in August 1995. The new system has various desirable long-run properties and, overall, it represents an improvement over earlier systems. However, it more...
| Price: $15.00
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| Financial Liberalization and the Information Content of Money in Indonesia, Korea, and the Philippines Author/Editor: A Javier Hamann. Release Date:November, 1993 Using a VAR approach, this paper studies the relationship between money, output, and prices in a group of Pacific Basin countries that underwent financial sector reform during the 1980s: Indonesia, more...
| Price: $15.00
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| Private Saving, Public Saving, and the Inflation Tax : Another Look At An Old Issue Author/Editor: A Javier Hamann. Release Date:April, 1993 The present paper provides an analytical discussion on a popular issue: the measurement problems associated with the inflation tax. It is well known that conventional national accounts definitions more...
| Price: $15.00
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