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1993

Title: Financial Sector Reforms and Exchange Arrangements in Eastern Europe

Author: Calvo, Guillermo ; Borensztein, Eduardo ; Masson, R Paul ; Kumar, S. Manmohan

Series: Occasional Paper No. 1993/002

Date: February 15, 1993

Notes: Part I. Financial Markets and Intermediation, by Guillermo A Calvo and Manmohan S Kumar; Part II. Exchange Arrangements of Previously Centrally Planned Economies, by Eduardo Borensztein and Paul R Masson.

Subject: Banking Commercial banks Credit Currencies Exchange rate arrangements Exchange rates Financial institutions Financial markets Foreign exchange Money Stock markets

Title: Portfolio Performance of the SDR and Reserve Currencies: Tests Using the ArCH Methodology

Author: Temel, Tugrul ; Papaioannou, G. Michael

Series: Working Paper No. 1993/010

Date: February 1, 1993

Notes: Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Commodities Currencies Exchange rates Foreign exchange Gold Money National accounts Return on investment

Title: Working Paper Summaries (WP/92/49 - WP/92/112)

Series: Working Paper No. 1993/004

Date: January 1, 1993

Notes: Compilation of summaries of Working Papers released during July-December 1992.

Subject: Currencies Demand for money Dollarization Government debt management Inflation Monetary policy Money Prices Public financial management (PFM)

Title: Stabilization Programs and External Enforcement: Experience From the 1920's

Author: Santaella, A. Julio

Series: Working Paper No. 1993/003

Date: January 1, 1993

Notes: Analyzes six European currency stabilizations sponsored by the League of Nations in the 1920s, namely Austria, Hungary, Greece, Bulgaria, Estonia and Danzig. Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Banking Currencies Exchange rates Financial institutions Foreign exchange Inflation Loans Monetary expansion Monetary policy Money Prices

Title: French-German Interest Rate Differentials and Time-Varying Realignment Risk

Author: Caramazza, Francesco

Series: Working Paper No. 1993/001

Date: January 1, 1993

Notes: Explores the determinants of expected rates of realignment of the French franc/Deutsche mark exchange rate during the period 1987-1991. Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Crawling peg Currencies Exchange rate adjustments Exchange rates Foreign exchange Labor Money Unemployment rate

1992

Title: Fund Transactions and Reserve Creation

Author: Fawzi, Samir

Series: Working Paper No. 1992/107

Date: December 1, 1992

Notes: Describes the effects of Fund transactions on members' external reserves and estimates the net reserve creation or absorption by the Fund in the 1980s.

Subject: Central banks Currencies Freely usable currencies International reserves Money Reserve assets Reserve positions

Title: Money and Banking Statistics in Former Soviet Union (FSU) Economies

Author: Nahr, Wilhelm K. ; DiCalogero, G Robert ; Stillson, T. Richard

Series: Working Paper No. 1992/103

Date: December 1, 1992

Notes: Addresses the major issues concerning the compilation of money and banking statistics for the fifteen republics of the former Soviet Union (FSU).

Subject: Banking Commercial banks Credit Currencies External position Financial institutions Fiscal accounting and reporting Foreign assets Money Public financial management (PFM)

Title: Money and Credit Under Currency Substitution

Author: Rodriguez, A. Carlos

Series: Working Paper No. 1992/099

Date: November 1, 1992

Notes: Examines the effects on the supply of money and credit of a repatriation of foreign assets in an economy subject to currency substitution. Also published in Staff Papers, Vol. 40, No. 2, June 1993.

Subject: Balance of payments Capital inflows Credit Currencies Demand for money Monetary policy Money Reserve requirements

Title: Asymmetry in the ERM: A Case Study of French and German Interest Rates Since Basle-Nyborg

Author: Perraudin, R. M. W. ; Gardner, H. E.

Series: Working Paper No. 1992/096

Date: November 1, 1992

Notes: Empirical study on daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. Also published in Staff Papers, Vol. 40, No. 2, June 1993.

Subject: Currencies Exchange rates Financial services Foreign exchange Foreign exchange intervention Long term interest rates Monetary aggregates Money Short term interest rates

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