[eng] Policy advice to emerging market countries in the current crisis : what’s new ? what’s different ? why ? . IMF policy advice to EMEs in this crisis has been differed from that provided in previous EME crises. But these differences are largely driven by changed circumstances. Many EMEs...

We identify structural breaks in economic growth in 140 countries and use these to define “growth spells:” periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...

Popular perception is that emerging market economies (EMEs), and Asian Pacific Rim countries—China, Indonesia, Korea, Malaysia, Philippines, Thailand, and Vietnam (RIMs)—in particular, have been rapidly accumulating reserves, perhaps beyond what is justified by precautionary motives. This...

From an initial position of laissez-faire, temporary tariffs have been shown to improve the current account. However, if tariffs are initially positive (as in many actual economies), temporary tariffs will magnify an existing distortion and therefore lower real income during protectionist...