TABLE OF CONTENTS

Volume 56, Issue 4 (November 2009)

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Original Articles

The Costs of Sovereign Default

Eduardo Borensztein, and Ugo Panizza

IMF Staff pap 56: 683-741; doi:10.1057/imfsp.2009.21

On the Probabilistic Approach to Fiscal Sustainability: Structural Breaks and Non-Normality

Nathaniel Frank, and Eduardo Ley

IMF Staff pap 56: 742-757; advance online publication, July 14, 2009; doi:10.1057/imfsp.2009.9

External Linkages and Contagion Risk in Irish Banks

Elena Duggar, and Srobona Mitra

IMF Staff pap 56: 758-786; advance online publication, February 17, 2009; doi:10.1057/imfsp.2008.38

Foreign Aid with Voracious Politics

Alex Mourmouras, and Peter Rangazas

IMF Staff pap 56: 787-810; advance online publication, April 21, 2009; doi:10.1057/imfsp.2009.5

What Explains the Rapid Growth in Transition Economies?

Garbis Iradian

IMF Staff pap 56: 811-851; advance online publication, April 14, 2009; doi:10.1057/imfsp.2009.1

The Optimal Level of Reserves for Low-Income Countries: Self-Insurance against External Shocks

Regis Barnichon

IMF Staff pap 56: 852-875; advance online publication, July 7, 2009; doi:10.1057/imfsp.2009.15

Are Africa's Currency Unions Good for Trade?

Charalambos Tsangarides, Pierre Ewenczyk, Michal Hulej, and Mahvash Saeed Qureshi

IMF Staff pap 56: 876-918; advance online publication, November 11, 2008; doi:10.1057/imfsp.2008.27

International Competitiveness of the Mediterranean Quartet: A Heterogeneous-Product Approach

Herman Z Bennett, and Ziga Zarnic

IMF Staff pap 56: 919-957; advance online publication, July 14, 2009; doi:10.1057/imfsp.2009.14

Dynamic Aspects of Productivity Spillovers, Terms of Trade, and the "Home Market Effect"

Ippei Fujiwara, and Naohisa Hirakata

IMF Staff pap 56: 958-969; doi:10.1057/imfsp.2009.30