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Global Dispersion of Current Accounts: Is the Universe Expanding?

Global Dispersion of Current Accounts: Is the Universe Expanding? »

Source: IMF Staff Papers, Volume 56, No. 3

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2009

ISBN: 9781589068209

Keywords: trade openness, trade liberalization, import duties, transition economies, trade barriers

Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transpare...

Global Imbalances, Productivity Differentials, and Financial Integration

Global Imbalances, Productivity Differentials, and Financial Integration »

Source: IMF Staff Papers, Volume 56, No. 3

Volume: 56

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 July 2009

ISBN: 9781589068209

Keywords: trade openness, trade liberalization, import duties, transition economies, trade barriers

Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transpare...

Intragenerational Redistribution in Unfunded Pension Systems

Intragenerational Redistribution in Unfunded Pension Systems »

Source: IMF Staff Papers, Volume 47, No. 1

Volume: 47

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2000

ISBN: 9781451974584

Keywords: pyramid scheme, pyramid schemes, deposits, depositors, interest rates

This paper discusses the origins of the pyramid schemes and the way the authorities handled them. The paper analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy tri...