Similar Search Results

The Recent Behavior of U.S. Trade Prices

International Monetary Fund - 1989

There is a widespread view that the adjustment of U.S. trade prices--and hence merchandise trade flows--in the face of the substantial dollar depreciation since early 1985 has been slower than might have been expected. This paper examines the recent behavior of U.S. trade prices, and concludes...

Persistent link: https://www.econbiz.de/10014396298

Net Foreign Assets and International Adjustment in the United States, Japan and the Federal Republic of Germany

International Monetary Fund - 1989

This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset …

Persistent link: https://www.econbiz.de/10014396281

Market Information and Signaling in Central Bank Operations, Or, How often Should a Central Bank Intervene?

International Monetary Fund - 1997

A central bank must decide on the frequency with which it will conduct open market operations and the variability in … an immediate target and broadcasting the central bank’s intentions against the informational advantages to the central … bank of allowing the free play of market forces to reveal more of the information available to market participants …

Persistent link: https://www.econbiz.de/10014400555

Latin American Central Bank Reform : Progress and Challenges

International Monetary Fund - 2005

This study takes stock of the institutional reform of monetary policy in Latin America since the early 1990s. It argues that strengthening the legal independence of central banks, together with macroeconomic policies, was instrumental in reducing inflation from three-digit annual rates in the...

Persistent link: https://www.econbiz.de/10014400741

Anticipation and Surprises in Central Bank Interest Rate Policy : The Case of the Bundesbank

International Monetary Fund - 1998

and on the scope for policy signaling by the central bank …

Persistent link: https://www.econbiz.de/10014400820

Financial Sector Reform and Central Banking in Centrally Planned Economies

International Monetary Fund - 1990

This paper reviews key areas of central banking reform in a sample of centrally planned economies undergoing transition to market-based systems. The discussion draws mainly on the experiences of four countries, Hungary, Poland, Czechoslovakia, and China. Significant efforts have been made, or...

Persistent link: https://www.econbiz.de/10014395861

Potential Role SDR Diversified Currency Portfolios Central Bank

International Monetary Fund - 1988

This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are...

Persistent link: https://www.econbiz.de/10014396007

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

The Role of the Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control

International Monetary Fund - 1996

This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement … because the initial cost of bank restructuring can be offset, partly, through the budgetary effects of improved enterprise …

Persistent link: https://www.econbiz.de/10014395923

The Instruments and Operating Procedures for Conducting Monetary Policy in the Group of Five Countries

International Monetary Fund - 1989

, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …

Persistent link: https://www.econbiz.de/10014396489