 david grigorian cofounder senior fellow david grigorian is a senior economist at the international monetary fund s monetary and capital markets department in washington dc he holds a phd in economics from the university of maryland at college park 2001 ma in economics from the central european university 1995 msc in industrial engineering from the american university of armenia 1994 and msc equivalent in systems engineering from the polytechnic institute of yerevan 1992 prior to joining the imf he had worked at the world bank s europe and central asia region dr grigorian specializes in macroeconomics finance and development and has published on a wide range of issues including growth and institutions prices and fiscal policy remittances capital markets and banking publications research papers and works in progress  jamaica debt exchange with trevor alleyne and alejandro guerson international monetary  working paper 12244  october 2012 government involvement in corporate debt restructuring case studies from the great recession with faezeh raei international monetary fund working paper no 10260  november 2010 controlling for underreporting of remittances with j scott shonkwiler and tigran melkonyan  applied economics 110 january 2011  destined to receive the impact of remittances on household decisions in armenia with tigran melkonyan  review of development economics 151 pp 13953 2011  microeconomic implications of remittances in an overlapping generations model with altruism and selfinterest with tigran melkonyan imf working paper 819 january 2008  forthcoming  in the  journal of development studies  inflation and conflict in iraq the economics of shortages revisited with udo kock international monetary fund  working paper no 10159  july 2010  under review  in the journal of economic behaviour and organization tax potential vs tax effort factors behind the stubbornly low tax collection in armenia with hamid davoodi international monetary fund working paper no 7106  may 2007 bringing something different to the table potential for publicprivate cooperation in armenia and other developing transition countries with richard beilock and yvonne reinertson  armenian journal of public policy  2 no2 january 2007 how tight is too tight a look at distortionary policies in uzbekistan with edward gemayel  european journal of comparative economics  3 no2 pp 239261  december 2006 determinants of commercial bank performance in transition an application of data envelopment analysis with v manole  comparative economic studies  48 pp 497522  september 2006 a crosscountry nonparametric analysis of bahrain s banking system with vlad manole international monetary fund  working paper no 5117  june 2005 exchange rate money and wages what is driving prices in armenia international monetary fund  working paper no 4229  and  armenian journal of public policy  1 no2 march 2004 first time strangers second time friends on the determinants of firsttime sovereign bond issues international monetary fund  working paper no 3184  september 2003 banking sector in armenia what would it take to turn a basket case into a beauty case  armenian journal of public policy  1 no 1 september 2003 is there restructuring of large industrial enterprises in armenia a comparative analysis in growth challenges and government policies in armenia lev freinkman ed  world bank country report  2001 industrial growth and quality of institutions what do transition economies have to gain from the rule of law with albert martinez journal for institutional innovation development and transition  5    2001 ownership and performance of lithuanian enterprises world bank policy research working paper no 2343 may 2000 economic reforms in egypt emerging patterns and their possible implications with rania almashat world bank policy research working paper no 1977     september 1998   policy papers  an alternative approach for small and medium size business development assistance to transition and developing countries with richard beilock april 2003 armenia and its diaspora is there scope for a stronger economic link with alec gevorkyan  armenian forum a journal of contemporary affairs 3 no2  princeton nj washington dc united states  