Books written by Mr.Gian Milesi-Ferretti

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  Exchange Rate Assessments: CGER Methodologies

  It is constructed on the basis of the liberalization years suggested by Sachs and Warner (1995), and extended for recent years by Wacziarg and Welch (2003). Share of administered prices (for transition economies only) is constructed by ...

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  Exchange Rate Analysis in Support of IMF Surveillance: A Collection of Empirical Studies

  In that model, policymakers can use monetary and fiscal policies to reduce the adverse effects of volatile aid flows by ... More generally, monetary and fiscal policies can help achieve optimal spending and current account paths.

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  Sharp Reductions in Current Account Deficits: An Empirical Analysis

  The paper studies determinants and consequences of sharp reductions in current account imbalances (reversals) in low- and middle-income countries.

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  External Adjustment and the Global Crisis

  After widening substantially in the period preceding the global financial crisis, current account imbalances across the world have contracted to a significant extent.

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  The Cross-Country Incidence of the Global Crisis

  We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors.

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  International Financial Integration

  This paper describes the broad trends in international financial integration for a sample of industrial countries and seeks to explain the cross-country and time-series variation in the size of international balance sheets.