FMI- Publications Catalog - JUL_DEZ 2011

7/28/2019 FMI- Publications Catalog - JUL_DEZ 2011

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Publications CatalogJuly - December 2011

I n t e r n a t I o n a l M o n e t a r y F u n d


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Title Index

AArican Finance in the Twenty-First Century, 28

Annual Report o the Executive Board, 2011, 21

Annual Report on Exchange Arrangements and ExchangeRestrictions 2011, 4

Articles o Agreement o the International MonetaryFund, 21

ASEAN Chronicles: Trade Exposure, Regional Integration,and Global Rebalancing, 5, 14

BBalance o Payment Statistics (BOPS) on CD-Rom, 11

Balance o Payment Statistics (BOPS) Online, 11

Balance o Payment Statistics (BOPS) Yearbook, 11

Balance o Payments and International Investment PositionManual, 6th Edition, 19

Bank Restructuring and Resolution, 29

Building Monetary and Financial Systems: Case Studies inTechnical Assistance, 25

Building Strong Banks through Surveillance andResolution, 25

By-Laws, Rules and Regulations Sixty-First Issue, 2009, 21

CCentral America: Economic Progress and Reorms, 14

Central Bank Independence, Accountability, andTransparency: A Global Perspective, 28

CFA Franc Zone: Common Currency, UncommonChallenges, 14

Chipping Away at the Public Debt, 28

Closing a Failed Bank: Resolution Practices and Procedures, 5

The Crisis and Miss Emilys Perception, 17

Crisis Management and Resolution: Early Lessons romthe Financial Crisis, 17

DDirection o Trade Statistics (DOTS) on CD-Rom, 12

Direction o Trade Statistics (DOTS) Online, 12

Direction o Trade Statistics (DOTS) Quarterly Issues andYearbook, 12

EEconomic Theory and Financial Policy: Selected Essays o

Jacques J. Polak, 1994-2004, 29

Economics o Sovereign Wealth Funds: Issues orPolicymakers, 5, 25

eLibrary, 8-9

Emerging rom the Global Crisis: Macroeconomic ChallengesFacing Low-Income Countries, 17

Export and Import Price Index Manual: Theory andPractice, 20

External Perormances in Low-Income Countries, 5, 14

FFinance and Development (F&D) Magazine, 22

Finance and Development (F&D) Web Edition, 22

Financial Dollar ization: The Policy Agenda, 29

Financial Sector Assessment: A Handbook, 24

Financial Soundness Indicators: Compilation Guide, 19

Fiscal Implications o the Global Economic and FinancialCrisis, 26

A Fiscal Indicator or Assessing First and Second PillarPension Reorms, 17

Fiscal Monitor, 2, 23

Fiscal Policy Formulation and Implementation inOil- Producing Countries, 26

From Stimulus to Consolidation: Revenue and ExpenditurePolicies in Advanced and Emerging Economies, 17

GThe General Data Dissemination System: Guide For

Participants and Users, 20

Global Financial Stability Report, 2, 23

Government Finance Statistics (GFS) Online, 13

Government Finance Statistics on CD-Rom, 13

Government Finance Statistics Yearbook, 13

Guide on Resource Revenue Transparency, 20

IIMF Economic Review, 30

IMF Glossary: English-Chinese, 3rd Edition, 18

IMF Glossary: English-French-Arabic, 3rd Edition, 18

IMF Glossary: English-French-German, 2nd Edition, 18

IMF Glossary: English-French-German-Russian Spanish,2nd Edition,(CD-ROM),18

IMF Glossary: English-French-Portuguese, 18

IMF Glossary: English-French-Russian, 2nd Edition, 18

IMF Glossary: English-French-Spanish, 7th Edition, 18

IMF Interactions with Member Countries, 27

IMF Perormance in the Run-up to the Financial andEconomic Crisis: IMF Surveillance in 2004-2007, 27

IMF Survey, Web Edition, 22

Indonesia: Sustaining Growth During Global Volatility, 6, 15

Inequality and Unsustainable Growth: Two Sides o theSame Coin? 17

In the Wake o the Global Economic Crisis: Adjusting toLower Revenue o the Southern Arican Customs Unionin Botswana, Lesotho, Namibia, and Swaziland, 17

Independent Evaluation Oce Annual Report, 2011, 27

Indias and Chinas Recent Experience with Reorm andGrowth, 29

International Financial Statistics (IFS) Online, 10

International Financial Statistics Print or CD RomEdition, 10

International Financial Statistics Yearbook and CountryNotes, 10

International Monetary Fund Handbook: Its Functions,Policies, and Operations, 21

International Transactions in Remittances: Guide orCompliers and Users, 20

JJapans Economic Revival: Policy Challenges in a Globalized

World, 28

MMacroeconomic Implications o Financial Dollarization: The

Case o Uruguay, 15

The Macroeconomy o Central America, 29

Macronancial Linkages: Trends, Crises, and Policies, 6, 24

Making Fiscal Decentralization Work: Cross-CountryExperiences, 6

Managing Abundance to Avoid a Bust in Latin America, 17

Managing Capital Infows: What Tools to Use? 17

Managing the Oil Revenue Boom: The Role o Fiscal

Institutions, 15Manual on Fiscal Transparency, 19

Monetary and Financial Statistics: Compilation Guide, 19

The Modern VAT, 26

NNatural Resources, Finance, and Development, 6

PParaguay: Addressing the Stagnation and Instability Trap, 15

Perormance Budgeting: Linking Funding and Results, 29

Policies or Macronancial Stability: Options to Deal withReal Estate Booms, 17

Policy Responses to Capital Flows in Emerging Markets, 17

Post-Stabilization Economics in Sub-Saharan Arica: Lessonsrom Mozambique, 15

Procyclicality o Financial Systems in Asia, 29

Promoting Fiscal Discipline, 25

Public Investment and Public-Private Partnerships:Addressing Inrastructure Challenges and ManagingFinancial Risks, 28

Public Sector Debt Statistics: Guide or Compilers andUsers, 7

RRaising the Consumption Tax in Japan: Why, When, How? 17

Rapid Credit Growth in Central and Easter Europe:Endless Boom or Early Warning? 29

Rebalancing Growth in Asia: Economic Dimensions orChina, 7,16

Reconstructing the World Economy, 7

Regional Economic Outlooks, 3

Research at the IMF Relevance and Utilization, 27

The Role o the Exchange Rate in Infation-TargetingEmerging Economies, 26

Rules-Based Fiscal Policy in Emerging Markets: Background,Analysis, and Prospects, 29

SSaeguarding Financial Stability: Theory and Practice, 24

Selected Decisions and Selected Documents o theInternational Monetary Fund, Thirty-Fith Issue, 2010, 21

Strategies or Fiscal Consolidation in the Post-Crisis World, 17

Structural Reorms and Economic Perormance in Advancedand Developing Countries, 16, 24

Suriname: Toward Stability and Growth, 16

TTackling Japans Fiscal Challenges: Strategies to Cope with

High Public Debt and Population Aging, 29

Tanzania: The Story o an Arican Transition, 16

Taxation o Petroleum and Minerals: Principles, Problems,and Practice, 28

Tax Biases to Debt Finance: Assessing the Problem, Finding

Solutions, 17The Too-Important-to-Fail Conundrum: Impossible to Ignore

and Dicult to Resolve, 17

UUnwinding Financial Sector Interventions: Preconditions

and Practical Considerations, 7

W(Why) Should Current Account Balances Be Reduced? 17

World Economic Outlook, 2, 23

ZZimbabwe: Challenges and Policy Options ater

Hyperinfation, 17


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Featured TitlesTable o Contents

Title Index inside ront cover

The Global Economy 2

Exchange Arrangements 4

New and Forthcoming 5

eLibrary 8

Online Resources and Statistical Data 10

Regional Topics 14

Featured Series 17

Glossaries 18

Best Selling Manuals & Guides 19

About the IMF 21

News and Articles 22

Best Sellers 23

Independent Evaluation Oce Reports 27

Co-Publications 28

Ordering Inormation 31


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2

International Monetary Fund Publications

The Global Economy

World Economic OutlookA unique international exercise in information gathering and analysis

The World Economic Outlook (WEO) presents the IMFs leading economists analyses oglobal economic developments during the near and medium terms. It is a respected, one-stop,trusted resource oering remarkable insight, balance, and perspective to decision makers and

policymakers worldwide.Published twice yearly, the World Economic Outlook presents the outlook or growth, inationtrade, employment, and other economic developments in a clear, practical ormat. Each WEOconsiders the issues aecting advanced, emerging market, and developing economies. Centralbankers, economists, fnancial institutions, business leaders, governments, think tanks, andresearchers eagerly await this unique investigation o whats happening and whats ahead.

Annual subscription: $108. PaperbackPublished twice yearly. ISSN: 0256-6877. Stock# WEOSEAAvailable in Arabic, Chinese, French, Russian, and Spanish

Global Financial

Stability ReportTracking global capital fows

The Global Financial Stability Report(GFSR) provides expert and up-to-dateanalysis o global capital ows thatplay a critical role in world economicgrowth and fnancial stability. The report

ocuses on current conditions in global fnancial markets, analyzing fnancial imbalances andstructural issues that could pose risks to stability and sustained market access by emerging marketborrowers. Along with the IMFs semiannual World Economic Outlook, the GFSR is a key vehicleor communicating the IMFs multilateral surveillance. The GFSR also draws out the fnancialramifcations o economic imbalances highlighted by the WEO, making it an

indispensable companion publication.Annual subscription: $108. PaperbackPublished twice yearly. ISSN: 1729-701X. Stock# GFSREA

Available in Chinese

Fiscal MonitorWith increasing fscal challenges inthe atermath o the global fnancialcrisis, multilateral surveillance o fscaldevelopments, a key part o the IMFssurveillance responsibilities, has gainedurther importance. In response, theFiscal

Monitorwas launched in 2009 to analyze thelatest public fnance developments and medium-term fscal projections, and to assess policiesaimed at placing public fnances on a sustainable ooting. TheFiscal Monitoris preparedtwice a year by the IMFs Fiscal Aairs Department and is part o the IMFs series oWorld

Economic and Financial Surveys, together with the World Economic Outlook and the GlobalFinancial Stability Report. Interim quarterly reports are also issued in electronic ormat on theIMFs website and eLibrary.

Annual subscription: $64. PaperbackPublished twice yearly. ISSN: 2219-276X. Stock# FMOEA



Regional Economic OutlooksManaging vulnerabilities, fostering

growth and poverty reduction, maintaining

macroeconomic stability

Individual issues o the Regional Economic

Outlooks are available at $35 (academic rate: $30).

Some editions available in other languages.

Please visit www.imbookstore.org/REOs or

urther inormation. Also, please see the boxbelow or subscription package prices or our

global and regional surveillance products.

The fve Regional Economic Outlooks published

biannually by the IMF cover Asia and Pacifc, Europe,the Middle East and Central Asia, Sub-Saharan Arica,and the Western Hemisphere. In each volume, recenteconomic developments and prospects or the region arediscussed as a whole, as well as or specifc countries. Thereports include key data or countries in the region. Eachreport ocuses on policy developments that have aectedeconomic perormance in the region, and discusses keychallenges aced by policymakers. The near-term outlook,key risks, and their related policy challenges are analyzedthroughout the reports, and current issues are explored,such as when and how to withdraw public interventionsin fnancial systems globally while maintaining a still-ragile

economic recovery.These indispensable surveys are the product ocomprehensive intradepartmental reviews o economicdevelopments that draw primarily on inormation the IMFsta gathers through consultation with member countries.

Subscription PackagesAll titles include both Spring and Fall editions.

Package Publications included in package Total issues/year Price

1 World Economic Outlook, Global Financial Stability Report,Regional Economic Outlooks (5 regions)

14 $435

2 World Economic Outlook, Regional Economic Outlooks (5 regions) 12 $356

3 Global Financial Stability Report, Regional Economic Outlooks (5 regions) 12 $356

4 Regional Economic Outlooks (5 regions) 10 $262

5 World Economic Outlook, Global Financial Stability Report 4 $191

6 Global Financial Stability Report 2 $108

7 World Economic Outlook 2 $108

The Global Economy


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Exchange Arrangements

Annual Report on Exchange Arrangementsand Exchange Restrictions 2011

Only the IMF reports regularly on the foreignexchange arrangements, exchange and trade

restrictions, and prudential measures of its

187 member countries.

Published since 1950, this authoritative annual reerenceis based upon a unique IMF database that tracks exchangeand trade arrangements or the 187 IMF member countries,along with Hong Kong SAR, Aruba, and Curaao and SintMaarten. The Annual Report on Exchange Arrangementsand Exchange Restrictions (AREAER) draws togetherinormation on exchange measures in place, the structureand setting o exchange rates, arrangements or paymentsand receipts, procedures or resident and nonresident

accounts, controls on capital transactions, and provisionsspecifc to the fnancial sector. The data are presented in aclear, easy-to-read tabular ormat. A summary table allowsor simple cross-country comparisons o key eatures otheir exchange and trade regimes. The reports introductionsummarizes recent global trends and developments.

The 2011 edition reports data or the year endingDecember 31, 2010 and comprises a printed pamphletand CD-ROM that contains more than 2,400 pages o ullysearchable text. The printed pamphlet contains a summaryo the main changes or each country and is a convenientreerence tool.

AREAER Online provides access to the current years data

and to historical data rom 1999. A ree trial o the onlinedatabase is available at:www.imfbookstore.org/ProdDetails.asp?ID=AREAER1&PG=1&Type=BL

$230. English. 2011. Approx. 80pp.

Paperback summary with CD-ROMISBN 978-1-61635-203-5 Stock# AE1E12011001

For ull pricing details, please go tohttp://www.imbookstore.org/areaerpricing.asp

Expand your global expertise.

Visit the IMF Bookstore.

World Economic OutlookThe World Economic Outlook, packed withcountry-specic acts, gures, and worldwide

projections, presents the

outlook or growth, infation,

trade, and other economic

developments in a clear,

practical ormat.

Economics ofSovereign Wealth Funds:Issues for PolicymakersRenowned experts refect on the role o

sovereign wealth unds (SWFs) in the

international monetary and nancial systemand explain the SWF phenomenon that has

become part o the global economic scene.

Order Now:Visit the IMF

Bookstore today and browse

to fnd the latest reports,

publications, and data.

I N T E R N A T I O N A L

M O N E T A R Y F U N D

Fiscal Monitor

Closing a Failed Bank: ResolutionPractices and ProceduresWritten by a ormer bank liquidator or the FDIC, this

manual, with an interactive CD-ROM, walks the reader

through problem bank

resolution rom the time a

bank is identied as being

in nancial trouble through

intervention to liquidation.

TheFiscal Monitor, published

twice a year, surveys and analyzes

developments in public nance,updates medium-term scal

projections, and assesses policies to put

public nances on a sustainable ooting.

The Monitors projections are based on

the same database used or the World

Economic Outlook.

www.imfbookstore.o



ASEAN Chronicles: TradeExposure, Regional Integration,and Global Rebalancingby Sanjay Kalra

This Occasional Paper characterizes

and quantifes the impact on severalASEAN economies over the last 1decades o three global, intertwinedtrends: (1) the rise o China as a global

powerhouse; (2) greater regional integration through thedevelopment o cross-border production networks in Asia withChina as the fnal assembly point during the 2000s; and (3)more recently, the emergence o current account imbalances

with the United States running large defcits matched bysurpluses o East Asian economies and oil exporters.

These trends generated unmistakable shits in the shares ooutput, value added, trade exposure, and demand in ASEANeconomies and their trading partners. The paper provides

a cross-country, comprehensive, consistent, and analyticaltreatment o these shiting patterns using a range o tools,including panel regressions, shit-share analyses, and input-output tables. It also examines, going orward, the outputand current account balance implications o a possiblereconstitution o global demand (especially in China and theUnited States) using a tractable input-output ramework.

$33. English. 2011. ii + 72pp. Paperback

ISBN 978-1-61635-157-1. Stock# ACTEEA

Closing a Failed Bank:Resolution Practices and

Proceduresby David C. Parker

This manual addresses problem bankresolution rom the time a bank isidentifed as being in fnancial troublethrough intervention to liquidation.It comes with an interactive CD-ROMrom which users can downloadand tailor documents to use in their

own closing processes. The book draws on the authorslengthy career as a bank liquidator or the Federal DepositInsurance Corporation and Resolution Trust Corporation andhis worldwide consulting experience with the InternationalMonetary Fund and other international organizations. Thechapters examine legal rameworks; the unction o depositinsurance during bank ailures; the importance o public andmedia relations; measures and procedures used by a supervisoryauthority to rehabilitate, restructure, or resolve a problem bank;bank intervention procedures; conservatorship operations;bank resolution alternatives and methods or marketing aproblem bank using a purchase and assumption agreement;operations and administrative procedures or bank liquidationor receivership; and asset management and disposition.

$40. English. 2011. x + 226pp. PaperbackISBN 978-1-61635-027-7. Stock# CFBREA

Economics o Sovereign WealthFunds: Issues or Policymakersby Udaibir S. Das, Adnan Mazarei,and Han van der Hoorn

The book covers a wide range o topics

o relevance to policymakers in countriesthat have sovereign wealth unds (SWFs)and those that receive SWF investments.Renowned experts in the feld have

contributed chapters. The book is organized around ourthemes: (1) the role and macrofnancial linkages o SWFs,(2) institutional actors, (3) investment approaches andfnancial markets, and (4) the post-crisis outlook. The bookalso discusses the challenges acing sovereign wealth undsin the coming years, rom an inside perspective on countries,including Canada, Chile, China, New Zealand, Norway, andRussia.Economics of Sovereign Wealth Funds will contributeto a urther understanding o the nature, strategies, andbehavior o SWFs and the environment in which they operate,as their importance is likely to grow in the coming years.

$35. English. 2010. xxii + 306pp. PaperbackISBN 978-1-58906-927-5. Stock# SWFEA

External Perormancein Low-Income Countries

by Alessandro Prati, Luca Antonio Ricci,Lone Christiansen, Stephen Tokarick,and Thierry Tressel

Assessments o exchange ratemisalignments and external imbalances

or low-income countries arechallenging because methodologies

developed or advanced and emerging economies cannot beautomatically applied to poorer nations. This paper uses alarge database, unique in the set o indicators and number ocountries it covers, to estimate the relationship in low-incomecountries between a set o undamentals in the medium tolong term and the real eective exchange rate, the currentaccount, and the net external assets position.

$33. English. 2011.vii + 64pp. PaperbackISBN 978-1-61635-053-6. Stock# S272EA

Featured TitlesNew and Forthcoming

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New and Forthcoming

Indonesia: Sustaining GrowthDuring Global Volatility

edited by Thomas R. Rumbaugh

Over the past decade, Indonesia hasdeveloped into an important regional

and global economy, as well as anactive participant in the G-20. Thechapters in this book document thesubstantial improvements in the quality

o macroeconomic policy that Indonesia has achieved, whilealso clearly laying out an agenda o measures that should betaken to saeguard these gains and urther lower vulnerabilitiesgoing orward. Rather than just demonstrating progress in keymacroeconomic indicators, the contributors have delved intothe ways that global volatility, especially since 2008, has aectedIndonesia and how that country has adjusted its policies to meetthe new challenges.

$25. English. 2011. 132pp. Paperback

ISBN 978-1-61635-202-8. Stock# ISGDEA

Macro nancial Linkages:Trends, Crises, and Policiesedited by Christopher Crowe,Simon Johnson, Jonathan D. Ostry,and Jeromin Zettelmeyer

There is no more importantmacroeconomic issue today thanunderstanding the links between themacroeconomic environment andfnancial sector behavior. It is also an area

that is poorly understood. This compendium o very readableand insightul research papers by the excellent researchers atthe International Monetary Fund helps fll serious gaps in ourknowledge. It addresses issues like the eects o oreign capitalows, the eects o monetary policy on asset prices, and thedesirability o country insurance. It is a must read or all thoseinterested in international macroeconomics and fnance, includingstudents, academics, and policymakers.

Raghuram Rajan

University of Chicago, Booth School of Business

$35. English. 2010. xxviii + 587pp. Paperback

ISBN 978-1-58906-939-8. Stock# MFLIEA

Making FiscalDecentralization Work:Cross-Country Experiencesby Annalisa Fedelino andTeresa Ter-Minassian

The question o what makes fscaldecentralization work is aced by manypolicymakers around the world. Thisbook draws on both the relevant

literature and policy and technical advice provided by the IMFto a wide range o member countries, and discusses the keyactors that help make decentralization sustainable, efcient, andequitable rom a macroeconomic perspective. It ocuseson institutional reorms (in the revenue and expenditureassignments to dierent levels o government, the design ointergovernmental transers, and public fnancial managementsystems) that are suited to dierent countries circumstances, andtheir appropriate sequencing.

$33. English. 2010. xi + 88pp. PaperbackISBN 978-1-58906-985-5. Stock# S271EA

Natural Resources, Finance,and Developmentby Rabah Arezki, Amadou N. R. Sy,and Thorvaldur Gylason

Countries with an abundance o naturalresources, many o which are in sub-Saharan Arica, oten show a record orelatively poor economic perormancecompared with non-resource-rich

countries. The chapters in this volumeexplore the potential challenges to countries with abundantnatural resources and ways to manage these challenges so as toreap the benefts o resource wealth while avoiding the pitalls.The book is divided into fve sections, which explore commoditymarkets and the macroeconomy, economic diversifcation and therole o fnance, fscal policy, exchange rates and fnancial stability,and governance. The ideas in this book were frst presented at aseminar that was aimed primarily at policymakers in sub-Saharan

Arica and brought together ministers, central bank governors,other senior policymakers, and well-known academics.

$35. English. 2012. Approx. 306pp. Paperback

ISBN 978-1-61635-145-8. Stock# NRFDEA

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Featured Titles

Public Sector Debt Statistics:Guide or Compilers and Users

Public Sector Debt Statistics is the frstinternational guide o its kind. It seeksto improve the quality and timelinesso key debt statistics, to promote aconvergence o recording practices tooster international comparability. It isthe reerence or those compiling anddisseminating these data.

The guide was prepared in consultation with many countriesand international agencies. It draws on the broad range oexperience o dierent institutions and beneftted romconsultation with national compilers o government fnance andpublic sector debt statistics. The guides concepts are harmonized

with those o the System of National Accounts (2008) and theBalance of PaymentsandInternational Investment PositionManual, Sixth Edition.

$35. English. 2011. 216pp. PaperbackISBN 978-1-61635-156. Stock# PSDSEA

Rebalancing Growth in Asia:Economic Dimensions or Chinaedited by Vivek Arora andRoberto Cardarelli

Asias recent economic perormance hasbeen remarkable. However, the rapidgrowth that Asia has experienced cannotbe taken or granted. This volume analyzes

Asias need to rebalance its growth model

toward domestic demand and what thatrebalancing would entail. It discusses the nature o the challengeacross economies in the region with a specifc ocus on aspectso the rebalancing challenge in China. As China accounts or sucha large part o the Asian economy its story has become a ocalpoint in this global policy debate.

$30. English. 2011. xviii + 162pp. Paperback

ISBN 978-1-61635-056-7. Stock# RGAEDEA

Reconstructing theWorld Economyedited by Olivier Blanchard and Il SaKong

This volume presents papers rom aconerence organized by the Korea

Development Institute and theIMF . Policymakers and academics romAsia and rom G-20 countries discussorward-looking economic and fnancialissues o interest to the international

community. Topics covered in the book include: a strategy orrenormalizing fscal and monetary policies in advanced economiesrethinking macroeconomic policy and how macroeconomicpolicy should respond to sectoral imbalances and asset-price andhousing imbalances; responses by both policymakers and theprivate sector to recent events, evaluated in terms o how they

will shape the uture fnancial system and its role in the globaleconomy; global imbalances and the need to address thedomestic and international distortions that are a key cause oimbalances; the uture o the international monetary system andthe steps that can be taken to address the inherent weaknessesin the current system.

$30. English. 2010. xvi + 146pp. PaperbackISBN 978-1-58906-977-0. Stock# SRFMEA

Unwinding FinancialSector Interventions:Preconditions and PracticalConsiderationsedited by Udaibir S. Das and

Michael G. Papaioannou

As the fnancial crisis abates,governments are aced with thechallenge o balancing the withdrawal

o fscal support with reestablishing sound public fnancesand sustainable growth. This volume presents papers rom anIMF-sponsored conerence o senior policymakers, academics,and senior representatives o the private sector on unwindingpublic interventions initiated during the crisis. There was broadagreement that the main goal o any strategy or unwindingsuch interventions should be to create price stability, fscalsustainability, and a new economic landscape that is much saerthan currently exists.

Dierent perspectives on the timing and sequence o theexit process are presented and some guiding principles or exitstrategies are discussed. Policy objectives, unwinding publicsupport to banks, and dealing with risky assets purchased bycentral banks are among topics discussed in detail. The volumealso presents views on what the new fnancial landscape willlook like.

$35. English. 2010. viii + 84pp. PaperbackISBN 978-1-58906-989-3. Stock# UFSIEA

New and Forthcoming

For anyone interested in this subject, this book is avaluable source o the latest research that represents thebest rom the IMF.

Shang-Jin Wei, Columbia University


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eLibrary www.eLibrary.im.org

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The IMF eLibrary oers the entire catalog o IMF publications electronically, bundled into collection groupings or easy purchase.You can access all IMF content in one integrated environment. New material is available automatically, eliminating the need to monitorrelease schedules or review catalogs. Our collection categories allow or easy content expansion without the need or complicatedorders. All text is ully searchable, making it easier to fnd relevant content.

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Online Resources and Statistical Data

International Financial Statistics (IFS) OnlineThe IMFs principal statistical publication,International FinancialStatistics (IFS) Online, is the standard source o internationalstatistics on all aspects o international and domestic fnance.For most countries, IFS Online reports data on balance opayments, international investment position, international liquidity,

monetary and fnancial statistics, exchange rates, interest rates,prices, production, government accounts, national accounts, andpopulation. Updated monthly, the onlineIFSdatabase contains:

approximately 61,000 time series covering 194countries and areas, including all series appearing on the

IFSCountry Pages deep time series ranging from the 1950s for many IMF

member countries exchange rate series for all IMF member countries, plus

selected other areas selected aggregates of key variables inIFSWorld Tables.

IFSis used throughout the world by governments, academics, andcommercial and fnancial organizations. Online, the inormation

is presented in a user-riendly, easily customized manner, usingstandard Microsot Excel spreadsheet ormats.

Single-user license price: $670 (academic rate: $402). Stock# IFEOLFor multiple-user license pricing, detailed price information,

and a free trial, please go to:

www.imbookstore.org/onlinesta or contact [email protected]

International Financial Statistics

Print or CD-ROM EditionInternational Financial Statisticsprovides a complete library ocontinuously updated fnancial inormationrom countries around the world, deliveredeach month. The monthly print editioncontains over 1,400 pages o statistical

data in each issue. Inormation is presented in country tablesand in tables o area and world aggregates. TheInternational

Financial Statistics (IFS) database is also available in CD-ROM ormat. CombinedIFS Online andIFSprint subscriptionpackages are available. Please contact Customer Service at

[email protected] urther details about savings oncombined packages or all IMF statistical products.

English. ISSN 0020-6725. Stock# IFEAAnnual print subscription: $822 (academic rate: $534) or12 monthly issues, with delivery by surace mail

Annual CD-ROM subscription: $670 (academic rate: $402) or12 CD-ROMs per year, with delivery by surace mail. Stock# RIEA

For Faster Delivery:First Class (U.S. only), please add $120Airmail (Canada and Mexico only), please add $160Airspeed (all other countries), please add $160

International Financial Statistics

Yearbook and Country NotesTheIFS Yearbook, usually published in Julycontains available annual data covering12 years or countries appearing in themonthly issues oInternational FinancialStatistics (IFS). Additional time series incountry tables and some additional tables

o area and world aggregates are included in the Yearbook.TheIFS Country Notes presents, in two sections, brie

inormation on theIFSdata. Country Notes is designed tobe a companion volume to each version oIFS: the monthlyprint edition, the Yearbook, the CD-ROM, and the onlineservice. The complete set o updated Country Notes isaccessible rom theIFS Online service Internet site at www.imfstatistics.org, and appears on the CD-ROM edition o

IFS. These notes are updated on a monthly basis.

English. ISSN 0250-7463. Stock# IYEAAnnual subscription: $167 (surace mail)For faster delivery rates, please [email protected].



Featured TitlesOnline Resources and Statistical Data

Balance o Payments Statistics (BOPS) OnlineSince one o the primary unctions o the IMF is to preventfnancial crises and assist countries in balance o paymentsdifculties, the collection o standardized, comparable balance opayments and international investment position (IIP) data is seenas a core task. Composed o international economic transactions

data,BOPSdelivers critical statistical inormation that covers: total goods, services, income, and current transfers an

economy receives rom or provides to the rest o the world capital transfers and changes in each economys external

fnancial claims and liabilities tables featuring area and world totals of balance of payments

and IIP components and aggregates.

The IMFBalance of Payments Statistics contains over 200,000quarterly and annual time series data. The data include aggregateas well as detailed inormation in the orm o analytical andstandard component presentations or countries. Additionaldocumentation is included with descriptions o methodologies,compilation practices, and data sources used by individual

member countries in compiling their balance o payments andinternational investment position statistics. In addition, the

BOPS Online service contains data as reported by the balance opayments compiling agencies to the IMF Statistics Department.The IMFBOPSis updated once a month.

Single-user license price: $670 (academic rate: $402). Stock# BPEOL

For multiple-user license pricing, detailed price information,


www.imbookstore.org/onlinesta, or contact [email protected]

Balance o Payments Statistics

(BOPS) on CD-ROM

TheBalance of Payments Statistics(BOPS) CD-ROM derives rom the

Balance of Payments Statistics Yearbook.It contains balance o payments and

international investment position (IIP) data o individualcountries, regional and world totals or major componentso the balance o payments and the IIP, and descriptions omethodologies, compilation practices, and data sources usedby selected reporting countries. In addition to correspondingseries and tables within theBalance of Payments StatisticsYearbook, theBOPSCD-ROM contains data as reported

by the balance o payments compiling agencies to the IMFStatistics Department and is updated monthly. TheBOPSCD-ROM incorporates a Windows-based browser acility, as

well as the at fle o the database in scientifc notation. Thebrowser sotware provides a amiliar and easy-to-use Windowsinterace or browsing the database, selecting series o interest,displaying the selected series in a spreadsheet ormat, andsaving the selected series or transer to other sotwaresystems, such as Microsot Excel.

Single-user license price: $670 (academic rate: $402)Stock# BOPR1EI

For multiple-user license pricing, please [email protected]

Balance o Payments Statistics

(BOPS) Yearbook

TheBOPS Yearbook, usually published inDecember, contains balance o paymentsstatistics or most o the world, compiledin accordance with the IMFsBalanceof Payments Manual. Part 1 includesaggregate as well as detailed inormation in

the orm o analytical and standard component presentationsor countries. Part 2 provides tables o data, eaturing areaand world totals o balance o payments and internationalinvestment position (IIP) components and aggregates. Part 3presents descriptions o methodologies, compilation practices

and data sources used by individual member countries incompiling their balance o payments and IIP statistics.

English. ISSN 0252-3035. Stock# BYEA

Annual subscription: $149 (surace mail)

For faster delivery rates, please [email protected]


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Online Resources and Statistical Data

Direction o Trade Statistics (DOTS) Online

Common wisdom holds that as countries become moreintegrated, they are increasingly inuenced by each otherseconomic development. Some economies are even consideredengines o global or regional growth. ThisDOTS Onlineservice provides data on the value o merchandise exports and

imports between each country and all its trading partners.The database includes:

total bilateral and multilateral exports and importsaggregated at national or regional group level

data from 1948 at monthly, quarterly, and annualrequencies.

The user interace includes our views or browsing thedatabase: a table view corresponding to the tables contained

within theDirection of Trade Statistics Yearbook; aneconomic concept view that provides access to similarconcepts across countries, to the extent that they exist; across-country matrix view; and a search mechanism basedon the structure o the time series key.

Single-user license price: $670 (academic rate: $402). Stock# DTEOL



www.imbookstore.org/onlinesta, or contact [email protected]

System Requirements: IFS, BOPS, and DOTS online services each requireWindows 95, Windows 98, or NT 4.0 or higher.

Direction o Trade Statistics(DOTS) on CD-ROM

Deriving its source data rom theDirection

of Trade Statistics, theDOTSCD-ROMprovides an easy-to-use interace orbrowsing the database, selecting series ointerest, displaying the selected series in

spreadsheet ormat, and saving the selected series or transerto other sotware systems, such as Microsot Excel. Data areavailable or approximately 195 countries rom 1980 onwards,and include estimated data rom 1981. Four browser viewsallow or ast comparisons and easy searches.

Subscribers to theDirection of Trade Statistics on CD-ROMwill automatically receive, at no additional cost, theDirectionof Trade Statistics Historical Database and Browser onCD-ROM. This product complements the monthlyDOTSdatabase and browser on CD-ROM. TheHistorical Databasecontains more than 55,000 time series o annual, quarterly,and monthly trade data or approximately 200 countries rom1948 to 1980. The database can be accessed interactively, viaan easy-to-use Windows interace or browsing, or directly

via the at flestored in scientifc notation ormat.

Single-user license price: $670 (academic rate: $402). Stock# DOTR1EI


Direction o Trade Statistics (DOTS)Quarterly Issues and Yearbook

TheDOTS Yearbook, usually published

in October, contains data on the valueo merchandise exports and importsbetween each country and all its tradingpartners. The Yearbook provides seven

years o data or 184 countries, and twosets o world and area summaries; world

and area trade as seen by the reporting countries, and as seenby the partner countries to those transactions. The quarterlyissues cover data or the most recent six quarters and thelatest year or the 159 countries, as well as or the world andarea tables.

English. ISSN 0252-306X. Stock# DOEA & DYEA

Annual Subscription: $240 (surace mail)

For faster delivery rates, please [email protected]



Featured TitlesOnline Resources and Statistical Data

Government Finance Statistics (GFS) Online

The IMF Government Finance Statistics containsstatistical data on government fnancial operations or156 countries. Where reported, the database contains timeseries rom 1990 onwards using the Government FinanceStatistics Manual 2001 (GFSM 2001) ramework.

The statistics, issued quarterly, are updated as new dataare received and time series become available. These timeseries present combined statistics on revenue, expense,transactions in nonfnancial assets, and fnancial assets andliabilities, as well as on stocks o assets and liabilities ogeneral government and its subsectors.

Single-user license price: $670 (academic rate: $402). Stock# GFEOL



www.imbookstore.org/onlinesta or contact [email protected]

System Requirements: IFS, BOPS, DOTS and GFS online services each requireWindows 95, Windows 98, or NT 4.0 or higher.

Government Finance Statisticson CD-ROM

The Government Finance Statistics(GFS) CD-ROM contains statistical dataon government fnancial operations or156 countries. The GFSCD-ROM containstime series rom 1990 onwards using the

Government Finance Statistics Manual 2001 ramework.The CD-ROM is issued quarterly, and updated as new dataare received and time series become available. The CD-ROMincorporates a Windows-based browser acility or accessingthe database, selecting specifc data series, displaying theselected series in a spreadsheet ormat, and saving theselected series or transer to other sotware systems, suchas Microsot Excel.

Single-user license price: $670 (academic rate: $402). Stock# GYER


Government Finance Statistics Yearbook

Detailed annual data are supplied onrevenue, expense, transactions in assetsand liabilities, and stocks o assets andliabilities o general government and itssubsectors. Data are summarized in theStatement o Government Operations orcountries reporting a mixture o cash andnoncash (e.g., accrual data) data or some

or all subsectors o general government. Data are summarizedin the Statement o Sources and Uses o Cash or countriesreporting cash-based data. The GFS Yearbook also presents

balance sheet inormation that integrates stocks, transactions,and other economic ows o government assets and liabilitiesappropriate or fscal analysis. In addition, world tables providecross-country comparisons o the main GFSM 2001 aggregatesand balances as percentage o gross domestic product (GDP).

English. ISBN 978-58906-862-9. Stock# GYIEA2009001Annual subscription: $99.For faster delivery rates, please contact [email protected]

Yearbook PackageThe our statistical yearbooks o the IMFInternational

Financial Statistics Yearbook, Balance of Payments StatisticsYearbook, Government Finance Statistics Yearbook, and

Direction of Trade Statistics Yearbookare available as apackage. Because o the dierent publication dates o the three

yearbooks, it may take up to one year to service an order.

Annual Subscription$423 or our yearbooks, with delivery by surace mail

For Faster Delivery:First Class (U.S. only), please add $40

Airmail (Canada and Mexico only), please add $70Airspeed (all other countries), please add $115

Combined Subscription PackageThe combined subscription package includes all issues

oBalance of Payments Statistics Yearbook (yearbookonly),Direction of Trade Statistics (quarterly issues and

yearbook),Government Finance Statistics (yearbook only)andInternational Financial Statistics (monthly issues and

yearbook). This subscription package oers the most economicaand convenient method available to receive these publications.

Annual Subscription$1,211 (academic rate $889), with delivery by surace mail

For Faster Delivery:First Class (U.S. only), please add $200

Airmail (Canada and Mexico only), please add $250Airspeed (all other countries), please add $325

Subscription Packages


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Regional Topics

ASEAN Chronicles: TradeExposure, Regional Integration,and Global Rebalancingby Sanjay Kalra

This Occasional Paper characterizes

and quantifes the impact on severalASEAN economies over the last 1decades o three global, intertwinedtrends: (1) the rise o China as a global

powerhouse; (2) greater regional integration through thedevelopment o cross-border production networks in Asia withChina as the fnal assembly point during the 2000s; and (3)more recently, the emergence o current account imbalances

with the United States running large defcits matched bysurpluses o East Asian economies and oil exporters.

These trends generated unmistakable shits in the shares ooutput, value added, trade exposure, and demand in ASEANeconomies and their trading partners. The paper provides

a cross-country, comprehensive, consistent, and analyticaltreatment o these shiting patterns using a range o tools,including panel regressions, shit-share analyses, and input-output tables. It also examines, going orward, the outputand current account balance implications o a possiblereconstitution o global demand (especially in China and theUnited States) using a tractable input-output ramework.

$33. English. 2011. ii + 72pp. Paperback

ISBN 978-1-61635-157-1. Stock# ACTEEA

Central America: EconomicProgress and Reorms

edited by Dominique Desruelleand Alred Schipke

Central America has made substantialprogress in recent years in movingeconomic reorms orward anddeepening regional and globalintegration. As a result o these eorts,the region has experienced higher

growth, increased capital inows, and some reductionsin poverty rates. But Central America remains vulnerableto adverse shocks and continues to ace widespreadpoverty. While today Central America is in better conditionto ace such shocks, the current turmoil in global fnancial

markets and U.S. growth slowdown could put at risk thehard-won gains o recent years. Faced with these challenges,the authorities are monitoring developments closely and aretaking precautionary measures, but they also need to continueimplementing productivity-enhancing reorms and measuresaimed at reducing income inequality and poverty.

$25. English. 2008. xii + 198pp. PaperbackISBN 978-1-58906-765-3. Stock# CAEPEA

Available in Spanish

The CFA Franc Zone: CommonCurrency, Uncommon Challengesedited by Anne-Marie Guldeand Charalambos G. Tsangarides

The CFA ranc zone includes one-

third o the countries covered by theIMFs Arican Department. With mostother countries moving away romfxed exchange rates, the issue o anadequate policy ramework to ensure

the sustainability o the CFA ranc zone is clearly o interestto policymakers and academics. However, little academicresearch exists in the public domain. This book aims to fll this

void, by bringing together work undertaken in the contexto intensifed regional surveillance, and highlighting thecurrent challenges and the main policy requirements i thearrangements are to be carried orward. The book is based onempirical research by a broad group o IMF economists, withcontributions rom several outside experts.

$37.50. English. 2008. xii + 398pp. PaperbackISBN 978-1-58906-675-5. Stock# CFZCEA

External Perormancein Low-Income Countries

by Alessandro Prati, Luca Antonio Ricci,Lone Engbo Christiansen, Stephen Tokarickand Thierry Tressel

Assessments o exchange ratemisalignments and external imbalancesor low-income countries are

challenging because methodologiesdeveloped or advanced and emerging economies cannotbe automatically applied to poorer nations. This paper uses alarge database, unique in the set o indicators and number ocountries it covers, to estimate the relationship in low-incomecountries between a set o undamentals in the medium tolong term and the real eective exchange rate, the currentaccount, and the net external assets position.

$33. English. 2011. vii + 64pp. PaperbackISBN 978-1-58906-929-9. Stock# S272EA

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Featured TitlesRegional Topics

Indonesia: Sustaining GrowthDuring Global Volatility

edited by Thomas R. Rumbaugh

Over the past decade, Indonesia hasdeveloped into an important regional

and global economy, as well as anactive participant in the G20. Thechapters in this book document thesubstantial improvements in the quality

o macroeconomic policy that Indonesia has achieved, whilealso clearly laying out an agenda o measures that should betaken to saeguard these gains and urther lower vulnerabilitiesgoing orward. Rather than just demonstrating progress in keymacroeconomic indicators, the contributors have delved intothe ways that global volatility, especially since 2008, has aectedIndonesia and how that country has adjusted its policies to meetthe new challenges.

$25. English. 2011. 132pp. Paperback

ISBN 978-1-61635-202-8. Stock# ISGDEA

Macroeconomic Implicationso Financial Dollarization:The Case o Uruguayedited by Marco Pin-Farah,Gaston Gelos, and Alejandro Lpez-Meja

Within the ramework o economicpolicies adopted, Uruguay abandonedan exchange rate peg in avor o aree oat, adopted a monetary regime

initially based on money targets, improved fnancial prudentialnorms and supervision, and accumulated signifcant centralbank reserves. Against this background, Uruguay now acesissues beyond those addressed to stabilize the economy. Theanalysis provided in this paper has a direct bearing on theongoing eorts to move toward a ully edged ination-targeting regime and develop interest rates as monetaryinstruments, as well as on the preparedness o the fnancialsystem to deal with shocks, and the adequacy o currentcentral bank reserves.

$30. English. 2008. x + 71pp. Paperback

ISBN 978-1-58906-727-1. Stock# S263EA

Managing the Oil Revenue BoomThe Role o Fiscal Institutionsby Rolando Ossowski, Mauricio Villauerte,Paulo A. Medas, and Theo Thomas

The increase in oil exports and oil

revenues has had major implicationsor oil-producing countries. Thesedevelopments have revealed howgovernments manage their fscal policies

in light o changing oil-market conditions and the role o specialfscal institutions (SFIs). In this Occasional Paper, IMF expertsexamine the fscal response o oil-producing countries to therecent oil boom and the role o SFIs in fscal management, theyreview the experiences o selected countries, and they drawgeneral lessons. In doing so, they link fndings on best practice inthe design o SFIs with broader fscal management advice.

$30. English. 2008. x + 36pp. PaperbackISBN 978-1-58906-718-9. Stock# S260EA

Paraguay: Addressing theStagnation and Instability Trapedited by Alejandro SantosParaguay: Addressing the Stagnation and

Instability Trap provides an overview othe analytical insights and policy challengesthat a country aces while on the path tosustained growth with stability. It covers a

wide range o themes, including improvingmacroeconomic assessments and policy

implementation, eliminating turbulence and deepeningfnancial reorms, and, most important o all, enhancing growth

perormance and reducing poverty.

$25. English. 2009. xvi + 316pp. PaperbackISBN 978-1-58906-852-0. Stock# PASIEA. Available in Spanish

Post-Stabilization Economicsin Sub-Saharan Arica: Lessonsrom Mozambiqueedited by Jean A. P. Clment and Shanaka J. Peiris

Mozambique is an economic successstory in sub-Saharan Arica. Its remarkableachievements oer valuable lessons to other

low-income countries in a post-stabilizationeconomic phase, including how they canefciently manage a scaling up o oreign aid aimed at povertyreduction. O special interest to other sub-Saharan Aricancountries is the books discussions o Mozambiques progresstoward consolidating macroeconomic and fnancial stability, andthe challenges it aces in ensuring long-term sustainability, creatinga virtuous cycle o natural resource use, and implementing second-generation structural reorms to sustain its growth. This book alsoprovides a summary o the most recent research on issues relatedto post-stabilization economics in sub-Saharan Arica.

$28. English. 2008. viii + 397pp. Paperback

ISBN 978-1-58906-677-9. Stock# PSESEA

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Regional Topics

Rebalancing Growth in Asia:Economic Dimensions or Chinaedited by Vivek Arora and Roberto Cardarelli

Asias recent economic perormance hasbeen remarkable. However, the rapid

growth that Asia has experienced cannotbe taken or granted. This volume analyzesAsias need to rebalance its growth modeltoward domestic demand and what thatrebalancing would entail. It discusses the

nature o the challenge across economies in the region with aspecifc ocus on aspects o the rebalancing challenge in China.

As China accounts or such a large part o the Asian economy itsstory has become a ocal point in this global policy debate.

$30. English. 2011. xviii + 162pp. PaperbackISBN 978-1-61635-056-7. Stock# RGAEDEA

Structural Reorms and

Economic Perormance inAdvanced and DevelopingCountriesby Antonio Spilimbergo, Jonathan David Ostry,

and Alessandro Prati

This volume examines the impact oneconomic perormance o structuralpoliciespolicies that increase the

role o market orces and competition in the economy, whilemaintaining appropriate regulatory rameworks. The resultsreect a new dataset covering reorms o domestic product

markets, international trade, the domestic fnancial sector, andthe external capital account in 91 developed and developingcountries. Among the key results o this study, the authors fndthat real and fnancial reorms (and, in particular, domesticfnancial liberalization, trade liberalization, and agriculturalliberalization) boost income growth. However, growth eectsdier signifcantly across alternative reorm sequencingstrategies: a trade-beore-capital-account strategy achievesbetter outcomes than the reverse, or even than a big bang;also, liberalizing the domestic fnancial sector together withthe external capital account is growth-enhancing, providedthe economy is relatively open to international trade. Finally,relatively liberalized domestic fnancial sectors enhance theeconomys resilience, reducing output costs rom adverseterms-o-trade and interest-rate shocks; increased creditavailability is one o the key mechanisms.

$33. English. 2009. vi + 54pp. Paperback

ISBN 978-1-58906-818-6. Stock# S268EA

Suriname: Toward Stabilityand Growthby Bernhard Fritz-Krockow,Gamal El-Masry, Masahiro Nozaki,Tobias Roy, Raael Portillo,Mariana Torres, and Pawel Dyczewski

Exogenous shocks aected Surinamein the 1990s. Their impact was

vastly exacerbated by inadequatemacroeconomic policy responses, resulting in two near-hyperination episodes. Although policymaking has improvedconsiderably, the institutional and policymaking structuresare largely still in place, with a corresponding high risk opolicy ailure in the uture. Based on an in-depth analysis othe shocks, policy responses, and resulting macroeconomicdevelopments, this publication draws policy conclusionsaimed at strengthening Surinames sustainability and growthprospects. The policy recommendations aim in particularat reducing revenue volatility, acilitating a more proactivemonetary policy, and managing the risks associated with adollarized economy.

$25. English. 2009. viii + 132pp. PaperbackISBN 978-1-58906-808-7. Stock# STSGEA

Tanzania: The Story o anArican Transitionby Roger Nord, Yuri Sobolev, David Dunn,

Alejandro Hajdenberg, Niko Hobdari,Samar Maziad, and Stphane Roudet

Tanzania: The Story of an African

Transition documents Tanzaniasremarkable turnaround rom severeeconomic distress in 1985, marked by

widespread shortages, high ination,declining agricultural production and cash crop exports,and a oreign exchange shortage. Twenty years later, Tanzanialooks radically dierent. Ination has declined to single digits,economic growth has averaged 7 percent a year since 2000,and real per capita income has risen by 50 percent. Poverty,

while still widespread, is heading downward. This bookdiscusses the economic policies that contributed to thissuccessul reversal, as well as the policy and reorm challengesthat remain.

$25. English. 2009. vi + 74pp. PaperbackISBN 978-1-58906-822-3. Stock# TSATEA



Featured TitlesFeatured Series

Departmental Papers

Departmental papers are usually ocusedon a specifc economic topic, country,or region. They are prepared in a timely

way to support the outreach needs o theIMFs area and unctional departments.

Below is a listing of recent reports.

Emerging rom the Global Crisis:Macroeconomic Challenges FacingLow-Income Countriesby a Sta Team led by Steania Fabrizio

In the Wake o the Global EconomicCrisis: Adjusting to Lower Revenueo the Southern Arican CustomsUnion in Botswana, Lesotho,Namibia, and Swaziland

by Joannes Mongardini, Dalmacio Benicio,Thomson Fontaine, Gonzalo C. Pastor,and Genevive Verdier

The Crisis and Miss EmilysPerceptionby Luc E. Leruth and Pierre J. Nicolas

From Stimulus to Consolidation:Revenue and Expenditure Policies inAdvanced and Emerging Economiesby a Sta Team led by Benedict Clements,

Victoria J. Perry, and Juan R. Toro

Strategies or Fiscal Consolidation inthe Post-Crisis Worldby S. M. Ali Abbas, Olivier Basdevant,Stephanie Eble, Greetje Overeat,

Jan Gottschalk, Fuad Hasanov,Junhyung Park, Cemile Sancak,RicardoVelloso, and MauricioVillauerte

Zimbabwe: Challenges and PolicyOptions ater Hyperinfationby V. Kramarenko, Lars Holger Engstrom,

Genevive Verdier, Gilda Fernandez,Stean E.Oppers, Richard Hughes,

James McHugh, and Warren L. Coats

This series includes Papers thatfocus on Africa and other topics. Formore information, please visitwww.

imfbookstore.org and using the browseby category feature from the Homepage, click on Departmental Papers.

Sta Discussion Notes

Staff Discussion Notes showcase the latest

policy-related analysis and research beingdeveloped by individual IMF sta and are

published to elicit comment and to urtherdebate. These papers are generally brie

and written in nontechnical language,and so are aimed at a broad audienceinterested in economic policy issues. This

Web-only series replaced Staff PositionNotes in January 2011.

Managing Capital Infows:What Tools to Use?by Jonathan David Ostry, Atish R. Ghosh,Karl Friedrich Habermeier, Luc Laeven,Marcos Chamon, Mahvash Saeed Qureshi,and Annamaria Kokenyne

Policies or MacronancialStability: Options to Deal withReal Estate Boomsby Christopher W. Crowe,Giovanni DellAriccia, Deniz Igan,and Pau Rabanal

Managing Abundance to Avoid aBust in Latin Americaby Nicolas Eyzaguirre, Martin David Kauman,Steven Phillips, and Rodrigo O. Valds

(Why) Should Current Account

Balances Be Reduced?by Olivier J. Blanchard andGian Maria Milesi-Ferretti

Inequality and Unsustainable Growth:Two Sides o the Same Coin?by Andrew Berg and Jonathan David Ostry

Crisis Management andResolution: Early Lessons romthe Financial Crisisby Stijn Claessens, Ceyla Pazarbasioglu,Luc Laeven, Marc Dobler, Fabian Valencia,

Oana M. Nedelescu, and Katharine Seal

A Fiscal Indicator or AssessingFirst and Second Pillar PensionReormsby Mauricio Soto, Benedict J. Clements,and Frank Eich

Policy Responses to Capital Flowsin Emerging Marketsby Mahmood Pradhan, Ravi Balakrishnan,Reza Baqir, Georey Heenan,Sylwia Barbara Nowak, Ceyda Oner,and Sanjaya Panth

Tax Biases to Debt Finance:Assessing the Problem, FindingSolutionsby Ruud A. de Mooij

The Too-Important-to-FailConundrum: Impossible to Ignoreand Dicult to Resolveby Inci Otker-Robe, Aditya Narain,

Anna Ilyina, and Jay Surti

Raising the Consumption Tax in

Japan: Why, When, How?by Michael Keen, Mahmood Pradhan,and Kenneth Ka

For more inormation, please visitwww.imf.org/external/pubind.htm.

Technical Notes and Manuals

Technical Notes and Manuals areproduced by IMF departments toexpand the dissemination o theirtechnical assistance advice. These papers

present general advice and guidance,drawn in part rom unpublishedtechnical assistance reports, to a broaderaudience. This new series was launchedin August 2009.

Working Papers

TheIMF Working Papers series isdesigned to make IMF sta researchavailable to a wide audience. Almost 300Working Papers are released each year,covering a wide range o theoreticaland analytical topics, including balance

o payments, monetary and fscalissues, global liquidity, and national andinternational economic developments.

Working Papers published since 2003are available or purchase (as PDF fles) awww.imfbookstore.org/workingpapers


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Glossaries

IMF Glossary:English-Chinese, 3rd Editionby the IMFs Bureau o Language Services

This volume presents English andChinese words, phrases, and names o

institutions most commonly encounteredin IMF documents.

$49. 2007. vi + 438pp. PaperbackISBN 978-1-58906-694-6. Stock# GLOCA2006001

IMF Glossary:English-French-Arabic,3rd Editionby the IMFs Bureau o Language Services

Phrases, words, and names o institutionsmost commonly encountered in IMFdocuments are presented in English,French, and Arabic in the third edition othis glossary.

$49. 2008. vi + 624pp. Paperback

ISBN 978-1-58906-695-3. Stock# GLOAA2008001

IMF Glossary: English-French-German, 2nd Editionby the IMFs Bureau o Language Services

This volume presents words, phrases, and

names o institutions most commonlyound in IMF documents in English, French,and German.

$35. 2005. x + 480pp. PaperbackISBN 978-1-58906-352-5. Stock# GLOGA2005001

IMF Glossary: English-French-Portugueseby the IMFs Bureau o Language Services

The easy-to-useIMF Glossary: English-French-Portuguese contains approximately

3,000 entries that are the most useul totranslators dealing with IMF material.

$35. 2007. vi + 392pp. PaperbackISBN 978-1-58906-646-5. Stock# GLOPA2007001

IMF Glossary: English-French-Russian, 2nd Editionby the IMFs Bureau o Language Services

This volume presents English, French,and Russian words, phrases, and names oinstitutions requently encounteredin IMF documents.

$35. 2005. viii + 520pp. PaperbackISBN 978-1-58906-353-2. Stock# GLORA2005001

IMF Glossary: English-French-Spanish, 7th Editionby the IMFs Bureau o Language Services

This edition o theIMF Glossary: English-French-Spanish contains over 4,000 entriesthat are believed to be the most useul totranslators dealing with IMF material.Color-coded French and Spanish indexes

are provided in appendixes.

$49. 2007. vi + 498pp. Paperback

ISBN 978-1-58906-645-8. Stock# GLOEA2007001

IMF Glossary: English-French-German-Russian-Spanish, 2nd Edition

(CD-ROM)by the IMFs Bureau o Language Services

TheIMF Glossary on CD-ROM is a compilation o English, French, German, Russian, and Spanishterminology, comprising approximately 60,000 terms on money, banking, public fnance, economicgrowth, and fscal policy. It is powered by TRADOS Multi-Term Dictionary. This CD also containssupplementary inormation on the IMFs role and activities, including TheArticles of Agreementand By Laws, Rules and Regulations, and a complete list o currency units and adjectives onationality o member countries and territories o the world in English, French, German, Russian,and Spanish.

$50. 1999. CD-ROM. ISBN 1-55775-806-9. Stock# GLOEI0022000



Best Selling Manuals & Guides

Balance o Payments and International InvestmentPosition Manual, 6th EditionThe sixth edition o theBalance of Payments and International Investment Position Manualpresents revised and updated standards or concepts, defnitions, and classifcations or internationalaccounts statistics. These standards are used globally to compile comprehensive and comparable data

The sixth edition is the latest in a series that the IMF began in 1948. It is the result o widespreadconsultation and provides elaboration and clarifcation requested by users. In addition, it ocuses ondevelopments such as globalization, fnancial market innovation, and increasing interest in balancesheet analysis.

$80. English. 2009. xviii + 351pp. Paperback. ISBN 978-1-58906-812-4. Stock# BPMEA2009001

Available in Arabic, Chinese, French, Russian, and Spanish

Monetary and Financial Statistics: Compilation Guideby the Statistics Department

Monetary and Financial Statistics: Compilation Guide is a companion to theIMFs Monetaryand Financial Statistics Manual(2000). It describes the economic sectorization, valuation,and other accounting rules used in compiling data on the fnancial assets and liabilities o

the fnancial corporations sector and all economic sectors o an economy. This guide tobest practices contributes to the IMFs ongoing initiatives to enhance data transparency andstatistical standards among member countries, and thus to urther the adoption o soundmacroeconomic policies and the smooth unctioning o global fnancial markets.

$45. English. 2008. xii + 360pp. Paperback. ISBN 978-1-58906-584-0. Stock# MFSCEA

Available in Arabic, Chinese, French, Russian, and Spanish

Manual on Fiscal Transparencyby a Sta Team o the Fiscal Aairs Department

TheManual on Fiscal Transparency provides an authoritative account and explanation o therevised IMF Code o Good Practices on Fiscal Transparency (the Code). It expands and updates the2001 edition o theManual, which has been used by countries undertaking assessments o the

transparency o their fscal management practices (including so-called fscal ROSCs), legislatures,civil society organizations, economists, and fnancial analysts. Numerous new examples oimplementation o the Code by countries in all regions o the world and at dierent levels odevelopment are included. It identifes numerous benefts rom fscal transparency, includingproviding citizens with inormation to hold governments accountable or their policy choices,inorming and improving the quality o economic policy decisions, highlighting potential risks tothe fscal outlook, and easing a countrys access to international capital markets.

$27. English. 2007. xii + 142pp. Paperback. ISBN 978-1-58906-661-8. Stock# MFTEA2007001Available in Arabic, Chinese, French, Portuguese, Russian, and Spanish

Financial Soundness Indicators: Compilation GuideFinancial Soundness Indicators (FSIs) are measures that indicate the current fnancial healthand soundness o a countrys fnancial institutions, and their corporate and householdcounterparts. FSIs include both aggregated individual institution data and indicators that arerepresentative o the markets in which the fnancial institutions operate. FSIs are calculatedand disseminated or the purpose o supporting macroprudential analysisthe assessmentand surveillance o the strengths and vulnerabilities o fnancial systemswith a view tostrengthening fnancial stability and limiting the likelihood o fnancial crises.FinancialSoundness Indicators: Compilation Guide is intended to give guidance on the concepts,sources, and compilation and dissemination techniques underlying FSIs; to encouragethe use and cross-country comparison o these data; and, thereby, to support national andinternational surveillance o fnancial systems.

$32. English. 2006. x + 290pp. Paperback. ISBN 978-1-58906-385-3. Stock# FSICEAAvailable in Arabic, Chinese, French, Russian, and Spanish


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Best Selling Manuals & Guides

Export and Import Price Index Manual: Theory and Practiceby The International Labour Ofce, International Monetary Fund, Organisation or Economic Co-operationand Development, Statistical Ofce o the European Communities, United Nations, and The World Bank

This manualjointly authored by six international organizationsexplores the conceptual andtheoretical issues that national statistical ofces should consider in the daily compilation o exportimport price indices. Intended or use by both developed and developing countries, it replaces

guidance rom the United Nations that is now outdated. This comprehensive manual coversmany topics: it reviews the dierent practices currently in use, proposes alternatives wheneverpossible, and discusses the advantages and disadvantages o each alternative. The manual serves thneeds o many users, including those in national statistical ofces and international organizations,particularly businesses, policymakers, and researchers.

$130. English. 2009. xxx + 676pp. Paperback. ISBN 978-1-58906-780-6. Stock# EIPIMEAAvailable in French, Russian, and Spanish

International Transactions in Remittances: Guide or Compilers and Usersby Eurostat, International Monetary Fund, Organisation or Economic Co-operation and Developmentand The World Bank

This guide presents concepts, defnitions, and classifcations related to remittances. It is consistentwith the new standards or measuring balance o payments transactions, as contained in the sixth

edition o theBalance of Payments and International Investment Position Manual(BPM6). Theguide identifes the main remittances compilation methods currently being used by compilers anddiscusses in detail the strengths and weaknesses o each method. It is the frst manual providingcompilation guidance or remittances and is also the frst compilation guide based on concepts setout in BPM6.

$25. English. 2009. x + 84pp. Paperback. ISBN 978-1-58906-825-4. Stock# ITRGEA.Available in Arabic, Chinese, French, Russian, and Spanish

The General Data Dissemination System: Guide or Participants and Usersby the Statistics Department

The IMFs work on data dissemination standards consists o two tiers: the General DataDissemination System (GDDS), which applies to all IMF member countries, and the Special DataDissemination Standard (SDDS), or those members having or seeking access to internationalcapital markets. The GDDS ramework provides governments with guidance on the overalldevelopment o the macroeconomic, fnancial, and sociodemographic data that are essential orpolicymaking and analysis in an environment that increasingly requires relevant, comprehensive,and accurate statistical data. This Guide explains the nature, objectives, and operation o theGDDS; the data dimensions it covers; and how countries participate. It provides national statisticalauthorities with a management tool and a ramework to oster sound statistical methodology,proessional data compilation, and data dissemination.

$25. English. 2007. viii + 76pp. Paperback. ISBN 978-1-58906-417-1. Stock# GDDSEAAvailable in Arabic, Chinese, French, Russian, and Spanish

Guide on Resource Revenue Transparencyby the Fiscal Aairs Department

The Guide on Resource Revenue Transparency applies the principles o the revised IMF Code oGood Practices on Fiscal Transparency (the Code) to the unique set o transparency problemsaced by countries that derive a signifcant share o their revenues rom natural resources, andneed to address complex and volatile transaction ows. The Guide identifes and explainsgenerally recognized good or best practices or transparency o resource revenue management. Itsupplements the IMFManual on Fiscal Transparency. The Guide has been revised to reectthe new Code, and to provide more recent examples o good practice by individual countries.It is designed to give a ramework or assessing resource-specifc issues within broader fscaltransparency assessments (including so-calledfscal ROSCs). The Guide has been used by thegovernments and legislatures o resource-rich countries, civil societies, providers o technicalsupport, and interested academics and observers.

$15. English. 2007. viii + 66pp. Paperback. ISBN 978-1-58906-463-8. Stock# GRRTEAAvailable in Chinese, French, Portuguese, Russian, and Spanish



About the IMF

Annual Report o theExecutive Board, 2011

The 2011 Annual Reportto theBoard o Governors reviews the IMFsactivities and policies during thefnancial year (May 1, 2010, through

April 30, 2011). There are fve chapters:(1) Overview, (2) Developments in theGlobal Economy and Financial Markets,(3) Policies to Secure Sustained and

Balanced Global Growth, (4) Reorming and Strengthening theIMF to Better Support Member Countries, and (5) Finances,Organization, and Accountability. The ull fnancial statementsor the year are published separately and are also available,along with appendixes and other supplementary materials, viathe2011 Annual Reportpage on the IMF website:www.imf.org/external/pubs/ft/ar/2011/eng/index.htm.

Free. 2011. 64pp. Paperback.

English. ISBN 978-1-61635-110-6. Stock# ARIEA2011001

Arabic. ISBN 978-1-61635-112-0. Stock# ARIAA2011001Chinese.ISBN 978-1-61635-204-2. Stock# ARICA2011001French. ISBN 978-1-61635-113-7. Stock# ARIFA2011001German. ISBN 978-1-61635-114-4. Stock# ARIGA2011001

Japanese. ISBN 978-1-61635-115-1. Stock# ARIJA2011001Russian. ISBN 978-1-61635-116-8. Stock# ARIRA2011001

Spanish. ISBN 978-1-61635-117-5. Stock# ARISA2011001

Articles o Agreement o theInternational Monetary Fund

Revised in 1992, this edition incorporatesthe Third Amendment o theArticles of

Agreement. Reprinted in December 2004.Free. English. 1993. viii + 107pp. Paperback

ISBN 978-1-55775-276-5. Stock# ARTEA0011993French. ISBN 978-1-55775-373-1

Stock# ARTFA0011993Spanish. ISBN 978-1-55775-374-8

Stock# ARTSA0011993

By-Laws, Rules and RegulationsSixty-First Issue, 2009

Free. English. 2009. viii + 61pp. Paperback

ISBN 978-1-58906-880-3

Stock# BYLAEA2009001Arabic ISBN 978-1-61635-093-2Stock# BYLARA2009001

Chinese ISBN 978-1-61635-091-8Stock# BYLACA2009001

French. ISBN 978-1-58906-894-0Stock# BYLAFA2009001Russian ISBN 978-1-61635-093-2

Stock# BYLARA2009001Spanish. ISBN 978-1-58906-895-7

Stock# BYLASA2009001

Selected Decisions and SelectedDocuments o the International MonetaryFund, Thirty-Fith Issue, 2010

Selected Decisions and Selected

Documents of the International

Monetary Fundincludes decisions,interpretations, and resolutions o theExecutive Board and Board o Governerso the IMF, as well as selected documents

to which requent reerence is made in the current activitieso the Fund. In addition, it includes certain documentspertaining to the relationships between the Fund and otherinternational organizations.

Free. English. 2011. xxxviii + 978pp. Paperback

ISBN 978-1-61635-080-2. Stock# SELDEA2010001

International Monetary FundHandbook: Its Functions, Policies,

and Operationsby Parmeshwar Ramlogan, andBernhard Fritz-Krockow

TheHandbook provides a generaldescription o the IMFs mandate, itsgovernance and internal organization,the policies that guide its day-to-dayoperations and interactions with

member countries, and the internal procedures through whichthese policies are executed.

Free. English. 2007. xii + 100pp. PaperbackISBN 978-1-58906-625-0. Stock# IMFEA2007001

About the IMF

The International Monetary Fund (IMF) is an organization o187 countries, working to oster global monetary cooperation,secure fnancial stability, acilitate international trade, promotehigh employment and sustainable economic growth, andreduce poverty around the world. To learn more, please visitwww.imf.org/external/about.htm.


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News and Articles

Finance & Development (F&D) Magazine

For the latest thinking about the international fnancial system, monetary policy, economic development,poverty reduction, and other critical issues, subscribe toFinance & Development (F&D). This livelyquarterly magazine brings you in-depth analyses o these and other subjects by the IMFs own staas well as by prominent international experts. Articles are written or lay readers who want to enrichtheir understanding o the workings o the global economy and the policies and activities o the IMF.

Additional eatures include book reviews; profles o prominent economists; and a regular column,Back to Basics, that explores key economic concepts or the nonspecialist reader.F&Dis read bypolicymakers, academics, economic practitioners, and decision makers around the world.

Published quarterly. Free to subscribers in developing countries.Those elsewhere are charged an annual subscription o $25 or postage.

English. ISSN 0015-1947. Stock# MFEA. Also available in Arabic, Chinese, French, Russian, and Spanish

Order online at www.imbookstore.org/F&D

Finance & Development (F&D), Web Edition

Searching or inormation is easy and ast in the online edition oF&D. The content, which is identical to the print publication, hasbeen indexed and is searchable by subject, country, and region. Notonly that, but readers may also use their own keywords to carry outull-text searches. AllF&Darticles and book reviews can be printedoutwith exactly the same presentation and layout as the printededitionas portable document ormat (PDF) fles,using Adobe Acrobat Reader sotware (available ree).

Full text and graphics oF&Dare available beginningwith Volume 33 (1996) at www.imf.org/fandd. Youllfnd links to the French and Spanish editions rom

Volume 36 (1999) and the Russian edition romVolume 41 (2004).

For more inormation, please visit www.im.org/andd

IMF Survey, Web Edition

The Web edition o theIMF Survey is updated severaltimes a week, and contains a wealth o articles abouttopical policy and economic issues in the news.

Access the latest IMF research, read interviews, and

listen to podcasts given by top IMF economists onimportant issues in the global economy.

www.im.org/external/pubs/t/survey/so/home.aspx



Featured TitlesBest Sellers

World Economic OutlookThe World Economic Outlook (WEO) presents the IMFs leading economists analyses oglobal economic developments during the near and medium terms. It is a respected, one-stop,trusted resource oering remarkable insight, balance, and perspective to decision makers andpolicymakers worldwide.

Published twice yearly, the World Economic Outlook presents the outlook or growth, ination,

trade, employment, and other economic developments in a clear, practical ormat. Each WEOconsiders the issues aecting advanced, emerging market, and developing economies. Centralbankers, economists, fnancial institutions, business leaders, governments, think tanks, andresearchers eagerly await this unique investigation o whats happening and whats ahead.

Annual subscription: $108. Paperback

Published twice yearly. ISSN: 0256-6877. Stock# WEOSEAAvailable in Arabic, Chinese, French, Russian, and Spanish

Global Financial Stability ReportThe Global Financial Stability Report(GFSR) provides expert and up-to-date analysis o globalcapital ows that play a critical role in world economic growth and fnancial stability. Thereport ocuses on current conditions in global fnancial markets, analyzing fnancial imbalancesand structural issues that could pose risks to stability and sustained market access by emergingmarket borrowers. Along with the IMFs semiannual World Economic Outlook, the GFSR isa key vehicle or communicating the IMFs multilateral surveillance. The GFSR also drawsout the fnancial ramifcations o economic imbalances highlighted by the WEO, making it anindispensable companion publication.

Annual subscription: $108. Paperback

Published twice yearly. ISSN: 1729-701X. Stock# GFSREAAvailable in Chinese

Fiscal MonitorWith increasing fscal challenges in the atermath o the global fnancial crisis, multilateralsurveillance o fscal developments, a key part o the IMFs surveillance responsibilities, hasgained urther importance. In response, theFiscal Monitorwas launched in 2009 to analyze thelatest public fnance developments and medium-term fscal projections, and to assess policiesaimed at placing public fnances on a sustainable ooting. TheFiscal Monitoris prepared twicea year by the IMFs Fiscal Aairs Department and is part o the IMFs series oWorld EconomicandFinancial Surveys, together with the World Economic Outlook and the Global FinancialStability Report. Interim quarterly reports are also issued in electronic ormat on the IMFs

website and eLibrary.

Annual subscription: $64. PaperbackPublished twice yearly. ISSN: 2219-276X. Stock# FMOEA


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Best Sellers

Structural Reorms and Economic Perormance inAdvanced and Developing Countriesby Antonio Spilimbergo, Jonathan David Ostry, and Alessandro Prati

This volume examines the impact on economic perormance o structural policiespoliciesthat increase the role o market orces and competition in the economy, while maintaining

appropriate regulatory rameworks. The results reect a new dataset covering reorms odomestic product markets, international trade, the domestic fnancial sector, and the externalcapital account, in 91 developed and developing countries. Among the key results o this study,the authors fnd that real and fnancial reorms (and, in particular, domestic fnancial liberalizationtrade liberalization, and agricultural liberalization) boost income growth. However, growth eectsdier signifcantly across alternative reorm sequencing strategies: a trade-beore-capital-accountstrategy achieves better outcomes than the reverse, or even than a big bang; also, liberalizingthe domestic fnancial sector together with the external capital account is growth-enhancing,provided the economy is relatively open to international trade. Finally, relatively liberalizeddomestic fnancial sectors enhance the economys resilience, reducing output costs rom adverseterms-o-trade and interest-rate shocks; increased credit availability is one o the key mechanisms.

$33. English. 2009. vi + 54pp. Paperback. ISBN 978-1-58906-818-6. Stock# S268EA

Macro nancial Linkages: Trends, Crises,

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