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Economic Development of Emerging East Asia

by Frank S.T. Hsiao & Mei-Chu Wang Hsiao

This unique book provides comparative economic studies of Taiwan and Korea, and compares them mostly with Japan and the United States and finds that, in terms of the real GDP per capita in PPP, these emerging...

Clean Brexit

by Liam Halligan & Gerard Lyons

In this optimistic and inclusive guide, Sunday Telegraph columnist Liam Halligan and renowned economic forecaster Gerard Lyons cut through the complexity and spin to offer a vision of how Britain, and the world,...

Inside the Global Economy

by Andrew Vonnegut

This comprehensive and informed text offers a practical introduction to the workings of the global economy. Drawing on his hands-on experience in international finance and economic policy, Andrew Vonnegut clearly...

Rio 2016

by Andrew Zimbalist

A clear-eyed, critical examination of the social, political, and economic costs of hosting the 2016 summer Olympics

The selection of Rio de Janeiro as the site of the summer 2016 Olympic Games set off jubilant...

Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned

by Tamim Bayoumi

A penetrating critique tracing how under-regulated trading between European and U.S. banks led to the 2008 financial crisis-with a prescription for preventing another meltdown

Revenge of the Rich

by Austin Mitchell

Austin Mitchell's book is the first comprehensive study of the rise, fall and consequences of neoliberalism in Britain and New Zealand, the two countries which adopted the new economics most enthusiastically,...


by International Monetary Fund. Euro Dept.

France: Selected Issues


by International Monetary Fund. Euro Dept.

President Macron's electoral victory creates a unique window of opportunity to transform France's economy. Running on a pro-reform and pro-EU platform, Emmanuel Macron defeated his far-right challenger by a...

Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth

by Sakai Ando & Koffie Ben Nassar

This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use...

Did the Exchange Rate Floor Prevent Deflation in the Czech Republic?

by Francesca G Caselli

To fight deflationary pressures at the zero lower bound, in November 2013, the Czech National Bank (CNB) introduced a one-sided floor on the exchange rate, as an additional monetary policy instrument. This paper...

Policy Mix and the US Trade Balance

by Gustavo Adler & Carolina Osorio Buitron

The strong US policy response to the 2008-09 financial crisis raised concerns about its impact (spillovers) on other countries, with great focus on the monetary stimulus but little attention to fiscal policy,...


by International Monetary Fund. West Dept.

The macroeconomic outlook remains weak. Public debt remains elevated, at around 100 percent of GDP, despite a recent debt restructuring agreement with private external bondholders. Growth is projected at just...



by International Monetary Fund. Department

Sustained demographic change can have potentially significant effects on the economy and the financial system. Aging can affect financial intermediation through its effects on potential growth, on the term structure...


by International Monetary Fund. Department

The Japanese insurance sector is characterized by a mature market, high concentration, and the predominance of life insurance products with interest guarantees. The insurance sector represents 13 percent of...


by International Monetary Fund. Department

Japanese securities firms consist of a very heterogeneous group of firms, ranging from major global players to purely domestic firms that conduct only limited activities. At one end, the firms include two major...


by International Monetary Fund. Department

A comprehensive set of stress tests and interconnectedness were conducted to assess the resilience of Japan's financial system and shed light on linkages and potential vulnerabilities. Japan has one of the largest...

Federated States of Micronesia

by International Monetary Fund. Asia Dept

Federated States of Micronesia (FSM) is a small and sparsely-populated state vulnerable to climate change. Over the medium term, the country needs to prepare for the expiration of U.S. Compact grants from FY2024...


by International Monetary Fund. Euro Dept.

Portugal has made notable progress over the past year in reducing uncertainty over near-term risks. Strong efforts to contain spending and meet last year's headline fiscal deficit allowed Portugal to exit the...


by International Monetary Fund. Fisc Dept.

Uganda is significantly scaling up public investments and increasing its debt, aspiring to reach middle-income status by 2020. However, to date, there is a large efficiency gap in Uganda's investment compared...