Ratna Sahay

International Monetary Fund (IMF) - Developing Country Studies Division

700 19th Street NW

Washington, DC 20431

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • International Monetary Fund (IMF) - Developing Country Studies Division

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SCHOLARLY PAPERS

38

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119

Scholarly Papers (38)

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1.

The Transition Economies after Ten Years

Downloads 905 (54,118)
Citation 1

The Transition Economies after Ten Years

Number of pages: 43 Posted: 06 Jun 2000
Stanley Fischer and Ratna Sahay
Bank of Israel and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 624 (87,016)
Citation 1

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The Transition Economies after Ten Years

IMF Working Paper No. 00/30
Number of pages: 45 Posted: 29 Jan 2006
Stanley Fischer and Ratna Sahay
Bank of Israel and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 152 (393,399)

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The Transition Economies after Ten Years

NBER Working Paper No. w7664
Number of pages: 44 Posted: 21 May 2000 Last Revised: 12 Mar 2010
Stanley Fischer and Ratna Sahay
Bank of Israel and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 129 (449,516)

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The Transition Economies after Ten Years

IMF Staff Papers
Posted: 30 May 2003
Stanley Fischer and Ratna Sahay
Bank of Israel and International Monetary Fund (IMF) - Developing Country Studies Division

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2.

Stabilization and Growth in Transition Economies: The Early Experience

IMF Working Paper No. 96/31
Number of pages: 32 Posted: 15 Feb 2006
Ratna Sahay and Carlos Végh
International Monetary Fund (IMF) - Developing Country Studies Division and affiliation not provided to SSRN
Downloads 680 (79,096)

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3.

Women in Fintech: As Leaders and Users

IMF Working Paper No. 2022/140
Number of pages: 30 Posted: 27 Jul 2022
Purva Khera, Sumiko Ogawa, Ratna Sahay and Mahima Vasishth
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and University of California, Irvine
Downloads 633 (86,624)

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Firm Performance, Women Leaders, Digital Financial Inclusion, Financial Literacy, Digital Literacy

4.

From Transition to Market: Evidence and Growth Prospects

IMF Working Paper No. 1998/052
Number of pages: 37 Posted: 26 May 1998
Ratna Sahay and Carlos Végh Gramont
International Monetary Fund (IMF) - Developing Country Studies Division and affiliation not provided to SSRN
Downloads 598 (93,178)

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WP, transition economy, inflation regression, fiscal policy, transition, growth, government consumption, inflation profile, inflation stabilization, inflation performance, inflation country, Inflation, Exchange rate arrangements, Government consumption, Population growth, Conventional peg, Eastern Europe, Baltics

5.

How Far is Eastern Europe from Brussels?

IMF Working Paper No. 1998/053
Number of pages: 38 Posted: 26 May 1998
Ratna Sahay and Carlos Végh Gramont
International Monetary Fund (IMF) - Developing Country Studies Division and affiliation not provided to SSRN
Downloads 555 (102,381)

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WP, CEE country, country, transition, convergence, CEE transition country, CEE countries to the EU, countries of CEE, transition countries in Central and Eastern Europe, Personal income, Government consumption, Fiscal stance, Inflation, Population growth, Western Europe, Central and Eastern Europe

6.

Internal Migration, Center-State Grants and Economic Growth in the States of India

IMF Working Paper No. 95/66
Number of pages: 56 Posted: 15 Feb 2006
Paul Anthony Cashin and Ratna Sahay
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 502 (115,812)
Citation 22

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7.

Dollarization in Transition Economies: Evidence and Policy Implications

IMF Working Paper No. 95/96
Number of pages: 34 Posted: 15 Feb 2006
Ratna Sahay and Carlos Végh
International Monetary Fund (IMF) - Developing Country Studies Division and affiliation not provided to SSRN
Downloads 460 (128,560)
Citation 2

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8.

Macroeconomic Policies and Poverty Reduction: Stylized Facts and an Overview of Research

IMF Working Paper No. 01/135
Number of pages: 29 Posted: 31 Jan 2006
Paul Anthony Cashin, Paolo Mauro, Catherine A. Pattillo and Ratna Sahay
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Division and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 429 (139,703)

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Macroeconomic policies, poverty, income distribution, IMF

9.

Is Digital Financial Inclusion Unlocking Growth?

IMF Working Paper No. 2021/167
Number of pages: 30 Posted: 04 Feb 2022
Purva Khera, Stephanie Ng, Sumiko Ogawa and Ratna Sahay
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 410 (148,085)

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A. literature review, digitization of financial services, capital markets department, growth rate, Digital financial services, number in bracket, regression equation, Financial inclusion, Mobile banking, Middle East and Central Asia, Caribbean, Asia and Pacific

10.

Financial Market Spillovers in Transition Economies

Downloads 396 (153,104)
Citation 13

Financial Market Spillovers in Transition Economies

Number of pages: 59 Posted: 26 Jun 2000
Gaston Gelos and Ratna Sahay
Bank for International Settlements and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 396 (151,641)
Citation 13

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Financial Market Spillovers in Transition Economies

Posted: 10 Apr 2001
Gaston Gelos and Ratna Sahay
Bank for International Settlements and International Monetary Fund (IMF) - Developing Country Studies Division

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transition, currency crises, contagion, financial spillover

11.

Spillovers from United States Monetary Policy on Emerging Markets: Different this Time?

IMF Working Paper No. 14/240
Number of pages: 31 Posted: 06 Feb 2015
Jiaqian Chen, Tommaso Mancini Griffoli and Ratna Sahay
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 369 (165,711)

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Monetary policy, Spillovers, United States, Emerging markets, Capital flows, Regression analysis, monetary policy announcements, unconventional monetary policies, equity markets, bond markets, exchange rates, emerging markets., emerging market economies, asset price, asset prices, bond yields, liquidity, financial crisis, central bank, monetary fund, price movements, capital inflows, instruments, bonds, yield curve, future, debt, foreign investors, maturity, market liquidity, inflation, central banks, emerging economies, finance, credibility, equities, financial stability, balance sheets, liquid markets, international finance, shares, good, local debt, bank balance sheets, bond prices

12.

Modern Hyper- and High Inflations

Downloads 354 (173,464)
Citation 13

Modern Hyper- and High Inflations

IMF Working Paper No. 02/197
Number of pages: 69 Posted: 06 Feb 2006
Ratna Sahay, Carlos A. Vegh, Carlos A. Vegh and Stanley Fischer
International Monetary Fund (IMF) - Developing Country Studies Division, University of Maryland - Department of EconomicsJohns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) and Bank of Israel
Downloads 245 (253,133)
Citation 2

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Fiscal deficit, inflationary dynamics, stabilization, growth

Modern Hyper- and High Inflations

NBER Working Paper No. w8930
Number of pages: 68 Posted: 17 May 2002 Last Revised: 29 Nov 2022
Stanley Fischer, Ratna Sahay, Carlos A. Vegh and Carlos A. Vegh
Bank of Israel, International Monetary Fund (IMF) - Developing Country Studies Division and University of Maryland - Department of EconomicsJohns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 109 (512,555)
Citation 11

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13.

Keynes, Cocoa, and Copper: In Search of Commodity Currencies

IMF Working Paper No. 02/223
Number of pages: 64 Posted: 14 Feb 2006
Paul Anthony Cashin, Luis Felipe Cespedes and Ratna Sahay
International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 331 (186,501)
Citation 1

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Exchange rate, commodity prices, purchasing power parity, developing country

14.

Digital Financial Inclusion in Emerging and Developing Economies: A New Index

IMF Working Paper No. 2021/090
Number of pages: 33 Posted: 26 Oct 2023
Purva Khera, Stephanie Ng, Sumiko Ogawa and Ratna Sahay
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 248 (251,591)

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Fintech, digital financial services, financial inclusion

15.

The Cyclicality of Fiscal Policy in the Middle East and Central Asia: Is the Current Crisis Different?

IMF Working Paper No. 10/68
Number of pages: 27 Posted: 29 Mar 2010
Yasser Abdih, Pablo Lopez-Murphy, Agustin Roitman and Ratna Sahay
International Monetary Fund (IMF), International Monetary Fund (IMF), affiliation not provided to SSRN and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 218 (284,853)

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Business cycles, Financial crisis, Fiscal policy, Global Financial Crisis 2008-2009, Middle East and Central Asia, North Africa, Oil exporting countries, Oil prices, Oil revenues, Oil sector, Regional shocks

16.

Stabilization, Debt, and Fiscal Policy in the Caribbean

IMF Working Paper No. 05/26
Number of pages: 44 Posted: 10 Jan 2006
Ratna Sahay
International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 214 (289,969)

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Stabilization, debt, fiscal policy, Caribbean

17.

Sovereign Borrowing by Developing Countries: What Determines Market Access?

IMF Working Paper No. 04/221
Number of pages: 42 Posted: 09 Feb 2006
Gaston Gelos, Ratna Sahay and Guido Sandleris
Bank for International Settlements, International Monetary Fund (IMF) - Developing Country Studies Division and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 210 (295,052)
Citation 42

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Sovereign debt, international capital markets, syndicated bank loans, bond markets, developing countries

18.

What Moves Capital to Transition Economies?

Downloads 208 (297,747)

What Moves Capital to Transition Economies?

IMF Working Paper No. 02/64
Number of pages: 47 Posted: 15 Feb 2006
Pietro Garibaldi, Nada Mora, Ratna Sahay and Jeromin Zettelmeyer
Bocconi University - Department of Economics, Lebanese University, International Monetary Fund (IMF) - Developing Country Studies Division and Bruegel
Downloads 208 (296,572)

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Transition economies capital flows foreign direct investment portfolio investment

What Moves Capital to Transition Economies?

Posted: 27 Sep 2002
Pietro Garibaldi, Nada Mora, Ratna Sahay and Jeromin Zettelmeyer
Bocconi University - Department of Economics, Lebanese University, International Monetary Fund (IMF) - Developing Country Studies Division and Bruegel

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Transition economies, capital flows, foreign direct investment, portfolio investment

19.

Inflation and Stabilization in Transition Economies: A Comparison with Market Economies

IMF Working Paper No. 95/8
Number of pages: 68 Posted: 15 Feb 2006
Ratna Sahay and Carlos Végh
International Monetary Fund (IMF) - Developing Country Studies Division and affiliation not provided to SSRN
Downloads 199 (310,245)
Citation 2

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20.

Output Response to Currency Crises

IMF Working Paper No. 03/230
Number of pages: 37 Posted: 15 Feb 2006
Poonam Gupta, Deepak Kumar Mishra and Ratna Sahay
Delhi School of Economics, World Bank and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 199 (310,245)
Citation 10

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Currency crises emerging markets output growth

21.

Volatility and Growth in Latin America: An Episodic Approach

IMF Working Paper No. 06/287
Number of pages: 54 Posted: 09 Jan 2007
Rishi Goyal and Ratna Sahay
International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 190 (323,698)

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Growth, Volatility, Structural Reforms, Latin America, Episodic Approach

22.

Monetary Policy Transmission in Emerging Markets and Developing Economies

Downloads 187 (328,376)
Citation 1

Monetary Policy Transmission in Emerging Markets and Developing Economies

IMF Working Paper No. 20/35
Number of pages: 55 Posted: 18 Mar 2020
Luis Brandao-Marques, Gaston Gelos, Thomas Harjes, Ratna Sahay and Yi Xue
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 152 (393,399)
Citation 1

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Financial and Monetary Sector, Central bank independence, Nominal effective exchange rate, Monetary policy instruments, Exchange rate policy, Monetary Policy, Emerging markets, Exchange rate channel, Inflation targeting, Financial structure, WP, financial development, monetary policy framework, policy framework, Taylor rule, projection method

Monetary Policy Transmission in Emerging Markets and Developing Economies

CEPR Discussion Paper No. DP15931
Number of pages: 56 Posted: 31 Mar 2021
Luis Brandao-Marques, Gaston Gelos, Thomas Harjes, Ratna Sahay and Yi Xue
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 35 (923,047)
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23.

Do Government Wage Cuts Close Budget Deficits?: A Conceptual Framework for Developing Countries and Transition Economies

IMF Working Paper No. 96/19
Number of pages: 40 Posted: 15 Feb 2006
Nadeem Ul Haque and Ratna Sahay
Pakistan Institute of Development Economics and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 182 (336,650)

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24.

Capital Flows at Risk: Taming the Ebbs and Flows

Downloads 133 (437,352)
Citation 12

Capital Flows at Risk: Taming the Ebbs and Flows

IMF Working Paper No. 19/279
Number of pages: 45 Posted: 23 Jan 2020
Gaston Gelos, Lucyna Górnicka, Robin Koepke, Ratna Sahay and Silvia Sgherri
Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund, International Monetary Fund (IMF) - Developing Country Studies Division and George Washington University - Department of Economics
Downloads 118 (482,255)
Citation 12

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Economic conditions, Exchange markets, Financial crises, Foreign exchange operations, Capital inflows, Capital flows, macroprudential policies, foreign-exchange intervention, capital controls, emerging markets, WP, policy action, capital flow, structural characteristic, inflow, medium term

Capital Flows at Risk: Taming the Ebbs and Flows

CEPR Discussion Paper No. DP15842
Number of pages: 49 Posted: 01 Mar 2021
Gaston Gelos, Lucyna Górnicka, Robin Koepke, Ratna Sahay and Silvia Sgherri
Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund, International Monetary Fund (IMF) - Developing Country Studies Division and George Washington University - Department of Economics
Downloads 15 (1,151,313)
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25.

Tax Smoothing in a Financially Repressed Economy: Evidence from India

IMF Working Paper No. 98/122
Number of pages: 55 Posted: 15 Feb 2006
Paul Anthony Cashin, Nilss Olekalns and Ratna Sahay
International Monetary Fund (IMF), University of Melbourne - Department of Economics and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 112 (498,853)

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Tax smoothing, financial repression, fiscal policy, India

26.

Banking on Women Leaders: A Case for More?

IMF Working Paper No. 17/199
Number of pages: 39 Posted: 16 Oct 2017
Ratna Sahay, Martin Čihák, Martin Čihák, Papa N'Diaye, Adolfo Barajas, Annette J. Kyobe and Srobona Mitra
International Monetary Fund (IMF) - Developing Country Studies Division, World BankInternational Monetary Fund (IMF), International Monetary Fund (IMF) - Asia and Pacific Department, International Monetary Fund (IMF) - Western Hemisphere Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 110 (505,487)

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Bank supervision, Banking, Gender, board of directors, General, Economics of Gender

27.

Capital Flows in Central and Eastern Europe: Evidence and Policy Options

IMF Working Paper No. 95/57
Number of pages: 44 Posted: 15 Feb 2006
Ratna Sahay, Carlos A. Vegh and Carlos A. Vegh
International Monetary Fund (IMF) - Developing Country Studies Division and University of Maryland - Department of EconomicsJohns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 109 (508,883)

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28.

Debt Accumulation in the Cis-7 Countries: Bad Luck, Bad Policies, or Bad Advice?

IMF Working Paper No. 04/93
Number of pages: 43 Posted: 15 Feb 2006
Thomas Helbling, Ashoka Mody and Ratna Sahay
International Monetary Fund (IMF) - Middle East and Central Asia Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 83 (607,576)

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Transition economies, growth, debt problems, structural reforms

29.

Does Sequencing of Privatization Matter in Reforming Planned Economies?

IMF Working Paper No. 92/13
Number of pages: 38 Posted: 15 Feb 2006
Aasim Husain and Ratna Sahay
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 81 (616,268)

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30.

Trade Policy and Market Structure Interactions in Developing Countries

IMF Working Paper No. 89/91
Number of pages: 32 Posted: 15 Feb 2006
Ratna Sahay
International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 77 (633,807)

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31.

Addressing Spillovers from Prolonged U.S. Monetary Policy Easing

IMF Working Paper No. 2021/182
Number of pages: 37 Posted: 04 Feb 2022
Stephen G. Cecchetti, Stephen G. Cecchetti, Machiko Narita, Umang Rawat and Ratna Sahay
National Bureau of Economic Research (NBER)Brandeis International Business School, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 66 (687,000)

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Spillovers, prolonged monetary policy easing, financial stability, macroprudential policies, foreign-exchange intervention, capital flow management measures, U.S. monetary policy, monetary policy easing, leverage ratio, financial institution leverage, monetary policy spillover, FXI policy, Macroprudential policy, Spillovers, Capital inflows, Capital flow management, Macroprudential policy instruments, Global

32.

Input Shortages in Mixed Economies: An Application to Indian Manufacturing Industries

IMF Working Paper No. 91/56
Number of pages: 30 Posted: 15 Feb 2006
Ratna Sahay
International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 60 (719,704)

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33.

Do Capital Controls Limit Inflow Surges?

IMF Working Paper No. 2023/050
Number of pages: 40 Posted: 22 May 2023
Apoorv Bhargava, Romain Bouis, Annamaria Kokenyne, Manuel Perez-Archila, Umang Rawat and Ratna Sahay
Breakout Capital, International Monetary Fund (IMF), International Monetary Fund (IMF), Princeton University, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 56 (743,204)

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Capital controls, capital inflows, surges, inflow surge, impact of capital

34.

Capital Controls in Times of Crisis – Do They Work?

IMF Working Paper No. 2023/067
Number of pages: 37 Posted: 05 Apr 2023
Apoorv Bhargava, Romain Bouis, Annamaria Kokenyne, Manuel Perez-Archila, Umang Rawat and Ratna Sahay
Breakout Capital, International Monetary Fund (IMF), International Monetary Fund (IMF), Princeton University, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 49 (788,498)

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Capital controls, capital outflows, financial crises, inflow control, outflow controls Introduced, outflow control, controls on outflow, tightening control, Capital account, Capital flows, Caribbean, Global

35.

Intimate Partner Violence and Women's Economic Empowerment

IMF Working Paper No. 2024/239
Number of pages: 46 Posted: 02 Dec 2024
Monique Newiak, Ratna Sahay and Navya Srivastava
International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and National Council of Applied Economic Research (NCAER)
Downloads 11 (1,163,908)

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Female employment, labor force participation, intimate partner violence, legal rights, institutions

36.

Debt Accumulation in the Cis-7 Countries: Bad Luck, Bad Policies, or Bad Advice

IMF Working Paper No. 04/93
Posted: 16 Aug 2004
Thomas Helbling, Ashoka Mody and Ratna Sahay
International Monetary Fund (IMF) - Middle East and Central Asia Department, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Developing Country Studies Division

Abstract:

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Transition economies, growth, debt problems, structural reforms

37.

The Evolution of Output in Transition Economies: Explaining the Differences

IMF Working Paper 99/73, Conference Paper, The Nobel Symposium in Economics - The Economics of Transition, Stockholm, September 1999
Posted: 09 Nov 1999
Andrew Berg, Eduardo Borensztein, Ratna Sahay and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Developing Country Studies Division, Inter-American Development Bank (IADB), International Monetary Fund (IMF) - Developing Country Studies Division and Bruegel

Abstract:

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transition economies, growth, output decline, recovery, structural reforms

38.

Do Government Wage Cuts Close Budget Deficits?: Costs of Corruption

Posted: 22 Apr 1997
Nadeem Ul Haque and Ratna Sahay
Pakistan Institute of Development Economics and International Monetary Fund (IMF) - Developing Country Studies Division

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