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Optimal Taxation Policies in the EMS : A Two-Country Model of Public Finance
International Monetary Fund - 1989
This paper analyzes, in a public finance context, how the optimal use of the inflation and the consumption tax is … by 1992. Two main questions are addressed: first, how the constraint of having to share a common inflation tax, in order … to preserve fixed-exchange rates, influences the optimal policy decisions concerning the inflation tax; secondly, how the …
Persistent link: https://www.econbiz.de/10014396346
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European Policy Convergence and the EMS
International Monetary Fund - 1990
In this paper we analyze the degree of policy convergence of EMS member countries relative to that of some non-EMS countries. Interestingly, we find convergence for the nominal and real exchange rates and money supplies of the EMS members but not for the non-EMS countries. We also provide some...
Persistent link: https://www.econbiz.de/10014396029
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Optimum currency areas : new analytical and policy developments
Bléjer, Mario I. (ed.) - International Monetary Fund - 1997
Persistent link: https://www.econbiz.de/10000967231
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Credibility. Capital Controls, and the EMS
International Monetary Fund - 1989
A common rationale for EMS membership is that it enhances the credibility of a central bank’s commitment to stable monetary growth. In this paper we consider this idea in the light of two features of the system, namely, the existence of exchange rate bands and the prevalence of capital...
Persistent link: https://www.econbiz.de/10014396035
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Monetary Policy Interaction within the EMS
International Monetary Fund - 1989
A simple two-country stochastic model is used to analyze monetary policy interaction in a system of exchange rate bands such as the EMS, in the context of internationally-integrated financial markets. We consider the widely-acknowledged asymmetry of the system, as it pertains to member...
Persistent link: https://www.econbiz.de/10014396204
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Exchange Rate Volatility and Trade Flows : Some New Evidence
International Monetary Fund - 2004
Persistent link: https://www.econbiz.de/10014409758
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Methodology for CGER Exchange Rate Assessments
International Monetary Fund - 2006
Exchange rate surveillance has always been at the core of the IMF's responsibilities. Throughout its existence, the Fund has strived to strengthen its framework for assessing exchange rates, adapting it to underlying macroeconomic and financial developments in member countries. As part of this...
Persistent link: https://www.econbiz.de/10014409787
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Exchange Rate Volatility and World Trade
International Monetary Fund - 1984
In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate...
Persistent link: https://www.econbiz.de/10014406218
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Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the purposes of Rule 0-2(a)
International Monetary Fund - 2016
This paper proposes modifications to the method of collecting exchange rates for the calculation of the value of the SDR for the purposes of Rule O-2(a). The value of the SDR in terms of the U.S. dollar is determined daily as the sum of the equivalents in U. S. dollar values of the amounts of...
Persistent link: https://www.econbiz.de/10014408667
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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