The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

[fre] La libéralisation financière constitue le plus souvent un facteur clé du développement économique.. Ces vingt dernières années ont été caractérisées par une vague de libéralisation financière dans de nombreux pays émergents.. Cependant, les résultats de la libéralisation...

Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered...