This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks im

This paper describes the issue of corruption around the world. The paper surveys and discusses issues related to the causes, consequences, and scope of corrupti

This paper introduces a new database of financial reforms covering 91 economies over 1973-2005. It describes the content of the database, the information source

Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead

This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between intern