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France, Germany, Italy, and Spain : Explaining Differences in External Sector Performance Among Large Euro Area Countries
International Monetary Fund - 2005
This cross-country paper explains differences in external sector performance among four large euro area countries …—France, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly … among these four largest euro area countries. The study presented in this paper describes the evolution of the traditional …
Persistent link: https://www.econbiz.de/10014407076
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The SDR Interest Rate Basket : Proposed Change of the Representative Interest Rate for the Euro and Amendment to Rule T-1(C)
International Monetary Fund - 2014
The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of … representative interest rate instrument of the euro area in the SDR interest rate basket since 2006. However, faced with a … secondary market yield curve covering euro area government bonds rated either investment grade or AA and above. In staff's view …
Persistent link: https://www.econbiz.de/10014410559
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Inflation Differentials in the EU : A Common ( Factors ) Approach with Implications for EU8 Euro Adoption Prospects
International Monetary Fund - 2008
This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …
Persistent link: https://www.econbiz.de/10014401399
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EMU and the international monetary system : proceedings of a conference held in Washington DC on March 17-18, 1997, cosponsored by the Fondation Camille Gutt and the IMF
Masson, Paul R. (ed.); Krueger, Thomas H. (contributor);  … - International Monetary Fund - 1997
Persistent link: https://www.econbiz.de/10000630405
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Explaining and Forecasting the Velocity of Money in Transition Economies, with Special Reference to the Baltics, Russia, and other Countries of the Former Soviet Union
International Monetary Fund - 1997
The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. To examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper...
Persistent link: https://www.econbiz.de/10014400305
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The Dynamics of Money Demand and Prices
International Monetary Fund - 1990
The paper evaluates whether a monetary aggregate can serve as a useful predictor of inflation, using recent developments in the principle of cointegrated variables. M2 but not M1 is cointegrated with relevant price, transactions, and rate of return variables. However, deviations of M2 from its...
Persistent link: https://www.econbiz.de/10014395786
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Money Demand in Canada
International Monetary Fund - 1989
The pace of financial market innovation in Canada quickened in the past decade or so with implications for the empirical relationships between the various monetary aggregates and other economic variables. Against this background, this paper, using an error correction formulation, presents new...
Persistent link: https://www.econbiz.de/10014395789
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Wealth, Financial Liberalization, and the Demand for Money in Japan
International Monetary Fund - 1989
This paper presents estimates of a demand function for broad money in Japan. The function explains both secular trends in broad money during the 1970s and 1980s and the sharp decline in the income velocity of broad money during 1986-88. The inclusion of wealth and a measure of the return on...
Persistent link: https://www.econbiz.de/10014395815