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The US Dollar and the Euro: Deus Ex-Machina

Lorca-Susino, Maria - Volkswirtschaftliche Fakultät, … - 2008

the end of Pax Americana and the beginning of something else, possibly a Pax Europea, led by the strength of the euro … performance of these two economic blocs. While the current exchange rate between the US dollar and the euro has been considered a … worried. The strength of the euro is becoming irritating for the Eurozone and, nevertheless, the weakness of the US dollar is …

Persistent link: https://www.econbiz.de/10005789886

The doomsday cycle turns: who's next?

Boone, Peter; Johnson, Simon - Centre for Economic Performance, LSE - 2012

Peter Boone and Simon Johnson believe that there are more and worse financial crises to come.

Persistent link: https://www.econbiz.de/10010571390

Republic of Latvia; Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement; Public Information Notice on the Executive Board Discussion; and Statement by the...

International Monetary Fund (IMF); International … - 2013

The IMF has approved an exceptional access Stand-By Arrangement for Latvia. The program is part of a coordinated international effort that has improved financial and economic stability. By early 2008, the fast growth has leveled off but severe vulnerabilities turned the slowdown into a crisis....

Persistent link: https://www.econbiz.de/10011244780

Iraq; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This staff report on Iraqâ€™s 2013 Article IV Consultation highlights economic policies and development. Risks to the macroeconomic outlook remain high. The risks can translate into lower oil revenues, deterioration in the fiscal position, pressures to use Central Bank of Iraq reserves for...

Persistent link: https://www.econbiz.de/10011245800

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

Berg, Andrew; Portillo, Rafael A; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption â€” an increase in the current account deficit net of aidâ€”delivering the same effects...

Persistent link: https://www.econbiz.de/10011123835

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework

Benes, Jaromir; Berg, Andrew; Portillo, Rafael A; … - International Monetary Fund (IMF) - 2013

We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we develop an open economy new-Keynesian model featuring...

Persistent link: https://www.econbiz.de/10011123860

Peru; Monetary and Exchange Rate Policies, 1930-1980

Pastor, Gonzalo C. - International Monetary Fund (IMF) - 2012

This paper reviews monetary and exchange rate policies in Peru in 1930-80. The review covers major transformations to the world economy, including the post-1929 crash and WWII, and changing economic paradigms, such as the collapse of the gold standard and the rise and fall of the Bretton Woods...

Persistent link: https://www.econbiz.de/10011242258

Crise de change et politique monétaire optimale dans un modèle de troisième génération : le rôle de la prime de risque.

Bouvatier, Vincent - Maison des Sciences Économiques, Université Paris 1 … - 2004

This article relates to the choice of the optimal monetary policy during a currency crisis. Aghion, Bacchetta and Banerjee (1999, 2000, 2001) show that a restrictive monetary policy is optimal if economy is strongly in debt in foreign currency and if the effect of credit channel is weak....

Persistent link: https://www.econbiz.de/10005670956

Seychelles; 2013 Article IV Consultation, Seventh Review Under the Extended Arrangement and Request for Modification of Performance Criterion

International Monetary Fund (IMF); International … - 2013

This staff report discusses Seychelles 2013 Article IV Consultation, Seventh Review Under the Extended Arrangement and Request for Modification of Performance Criterion. The repayment of domestic debt, a preference for foreign financing, and shallow domestic financial markets have resulted in...

Persistent link: https://www.econbiz.de/10011242473

Opening remarks for the Transatlantic Economic Interdependence and Policy Challenges Conference

Dudley, William C. - Federal Reserve Bank of New York - 2013

Remarks at the Transatlantic Economic Interdependence and Policy Challenges Conference, Federal Reserve Bank of New York, New York City.

Persistent link: https://www.econbiz.de/10010724936