David Grigorian is a Senior Economist at the International Monetary Fund's Monetary and Capital Markets Department in Washington, DC. He holds a Ph.D. in Economics from the University of Maryland at College Park (2001), MA in Economics from the Central European University (1995), M.Sc. in Industrial Engineering from the American University of Armenia (1994), and M.Sc. equivalent in Systems Engineering from the Polytechnic Institute of Yerevan (1992). Prior to joining the IMF, he worked at the World Bank’s Europe and Central Asia region. His work covers a wide range of former Socialist bloc and Middle Eastern countries. 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
"Government Involvement in Corporate Debt Restructuring: Case Studies from the Crisis," with Faezeh Raei, September 2010. Forthcoming International Monetary Fund Working Paper.
“Garbage In, Gospel Out? Controlling for Underreporting of Remittances,” with J. Scott Shonkwiler and Tigran Melkonyan, IMF Working Paper 08/230, September 2008. Forthcoming in Applied Economics.
“Destined to Receive: The Impact of Remittances on Household Decisions in Armenia,” with Tigran Melkonyan, April 2010. Forthcoming in Review of Development Economics.
“Microeconomic Implications of Remittances in an Overlapping Generations Model with Altruism and Self-Interest,” with Tigran Melkonyan, IMF Working Paper 08/19, January 2008. Revise and Resubmit in the Journal of Development Studies.
“Inflation and Conflict in Iraq: The Economics of Shortages Revisited,” with Udo Kock, April 2010. International Monetary Fund Working Paper No. 10/159, July 2010.
“Tax Potential vs. Tax Effort: Factors Behind the Stubbornly Low Tax Collection in Armenia,” with Hamid Davoodi, International Monetary Fund Working Paper No. 07/106, May 2007.
“Bringing Something Different to the Table: Potential for Public-Private Cooperation in Armenia and Other Developing/Transition Countries”, with Richard Beilock and Yvonne Reinertson, Armenian Journal of Public Policy 2, No.2, January 2007.
”Determinants of Commercial Bank Performance in Transition: An Application of Data Envelopment Analysis,” with V. Manole, Comparative Economic Studies 48, pp. 497–522, September 2006.
“A Cross-Country Nonparametric Analysis of Bahrain’s Banking System,” with Vlad Manole, International Monetary Fund Working Paper No. 05/117, June 2005.
“Exchange Rate, Money, and Wages: What Is Driving Prices in Armenia?,” International Monetary Fund Working Paper No. 04/229, and Armenian Journal of Public Policy 1, No.2, March 2004.
“First Time Strangers, Second Time Friends: On the Determinants of First-Time Sovereign Bond Issues,” International Monetary Fund Working Paper No. 03/184, 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 Al-Mashat, 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.
Archive
