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Research Summaries
Tenth Annual Jacques Polak Research Conference to be Held in November
Does Trade and Financial Globalization Cause Income Inequality?
The integration of the world economy through the progressive globalization of trade and finance has reached unprecedented levels, surpassing the previous peak prior to World War I. This new wave of globalization is having far-reaching implications for the economic well-being of citizens in all regions and among all income groups, and is the subject of active public debate. This article provides an overview of the latest research about the effects of trade and financial globalization on income...
IMF to Launch New Research Journal
Q&A Seven Questions about Policy Options for Emerging Market Countries
There has been a vibrant discussion about the policy options for emerging market countries to cope with the global financial crisis. What kind of counter-cyclical policies might be feasible? How can harmful balance sheet effects be avoided? What is the role for the International Monetary Fund? Based on the results of recently-issued IMF Staff Position Note by the authors along with Rex Ghosh and Jonathan Ostry, this article provides brief answers to seven commonly asked questions about how em...
The Current Account of Oil-Exporting Countries
As oil prices soared to historically high levels in the summer of 2008, so did the current account balance of oil-exporting countries. With the more recent retreat in oil prices, these large surpluses have narrowed sharply and for some countries, there is even the expectation of small current account deficits in 2009. Such sharp swings in the current account balance are a recurring feature for oil-exporting countries. Another noticeable characteristic of these countries is a tendency to run, ...
