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Exchange Rate ""Fundamentals"" versus Speculation : The Case of Lebanon

International Monetary Fund - 1988

The exchange rate for the Lebanese pound experienced a protracted period of depreciation from end-1982 to November 1987, followed by a marked appreciation over the following six months. This paper investigates the competing hypotheses that the exchange rate over these two periods was driven by a...

Persistent link: https://www.econbiz.de/10014395846

Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy

International Monetary Fund - 1988

This paper analyzes the implications of devaluation and a variety of structural disturbances in a dual exchange rate economy. A key feature of the model developed is its explicit recognition of both private (fraudulent) and officially-sanctioned cross transactions between the two exchange...

Persistent link: https://www.econbiz.de/10014396101

The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates

International Monetary Fund - 1989

contributions of these pages consist of linking the recent developments in the theory of target zones to the mirror image theory of …

Persistent link: https://www.econbiz.de/10014396300

Hungary; Selected Issues

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper reviews indicators for external competitiveness in Hungary. The paper examines recent developments in a range of indicators. These include regional comparisons of wage and unit labor cost developments, and standard indicators based on price and cost-based measures of...

Persistent link: https://www.econbiz.de/10005768632

Competitiveness in the Baltics in the Run-Up to EU Accession

International Monetary Fund (IMF); International … - 2003

This paper analyzes competitiveness in the Baltics in the run-up to European Union accession. Several factors appear to have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the earlier years of transition, price liberalization,...

Persistent link: https://www.econbiz.de/10005591344

Consumer Price Index Manual : Theory, 2025

International Monetary Fund - 2025

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly … the update of the Theory publication and the CPI Manual. Drafting of this publication was led by Erwin Diewert with … support from various authors. The Theory publication will be translated into Spanish, French, Arabic, and Russian …

Persistent link: https://www.econbiz.de/10015452128

Fund's Concepts of Convertibility

International Monetary Fund - 1971

This paper examines the IMF's concepts of convertibility and gives some impression of their purposes. The central concept of convertibility in the Articles is the convertibility of Article VIII, Sections 2, 3, and 4. Under it, the basic rule is that members must avoid restrictions on the making...

Persistent link: https://www.econbiz.de/10014394420

Maintenance of the Gold Value of the Fund's Assets

International Monetary Fund - 1971

This paper discusses Article IV, Section 8 of the Articles of Agreement which states the requirement of maintenance of the gold value of the IMF's assets. Each member of the IMF is bound to maintain the gold value of the IMF's holdings of the member's currency notwithstanding changes in the par...

Persistent link: https://www.econbiz.de/10014394421

Trade Dependency, Bargaining and External Debt

International Monetary Fund - 1988

This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource...

Persistent link: https://www.econbiz.de/10014395302

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

International Monetary Fund - 1988

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated,...

Persistent link: https://www.econbiz.de/10014395760