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Exchange Rates and Trade Balance Adjustment in Emerging Market Economies
International Monetary Fund - 2006
The paper finds that simple econometric specifications yield surprising rich and complex dynamics -- relative prices respond to the nominal exchange rate and pass-through effects, import and export volumes respond to relative price changes, and the trade balance responds to changes in import and...
Persistent link: https://www.econbiz.de/10014409791
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The Balance of Trade, the Terms of Trade, and the Real Exchange Rate : An Intertemporal Optimizing Framework
International Monetary Fund - 1988
This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, and permanent changes in the terms of trade. The results suggest that the...
Persistent link: https://www.econbiz.de/10014396150
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External Adjustment and the Strong Yen : Recent Japanese Experience
International Monetary Fund - 1988
rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan’s current account has been … that the rise in the yen has already made a substantial contribution to correcting Japan’s external imbalance …The parameters of a conventional model of Japan’s current account were found to be stable in the period of the steeply …
Persistent link: https://www.econbiz.de/10014395784
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Trade and Investment Performance Under Floating Exchange Rates : The U.S. Experience
International Monetary Fund - 1988
Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured by either short-term volatility or long-run misalignment) on overall levels of...
Persistent link: https://www.econbiz.de/10014396337
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Exchange Rate Fluctuations, Pass-Through, and Market Share
International Monetary Fund - 1989
When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a...
Persistent link: https://www.econbiz.de/10014396230
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Market Access for Developing Country Exports : Selected Issues
International Monetary Fund - 2002
In this paper, the World Bank and the International Monetary Fund have drawn together available research findings on the benefits of trade liberalization as well as on the obstacles to trade-oriented development
Persistent link: https://www.econbiz.de/10014409867
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Review of the IMF's Trade Restrictiveness Index
International Monetary Fund - 2005
This paper examines the construction of the index and its use over the past seven years, identifies its limitations, examines several alternative measures of trade policy, and highlights some options for improving the Fund's use of trade policy indicators
Persistent link: https://www.econbiz.de/10014410091
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Trade Policy and Market Structure Interactions in Developing Countries
International Monetary Fund - 1989
This paper shows that the presence of quotas on imported inputs that are based on installed capacity can lead to capacity underutilization in manufacturing industries of developing countries. A replacement of such quotas, by tariffs leads to full capacity utilization under assumptions of both...
Persistent link: https://www.econbiz.de/10014396017
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Agricultural Trade and Protection in Asia
International Monetary Fund - 1988
The study reveals agricultural import restrictions are widely applied in Asia, but that Japan and Korea impose lower …
Persistent link: https://www.econbiz.de/10014396383
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Australia; Selected Issues
International Monetary Fund (IMF); International … - 2004
This Selected Issues paper for Australia highlights the dynamics of the Australian real exchange rate and its impact on Australia’s trade. The main findings are that the Australian real exchange rate is largely driven by world commodity prices and that it adjusts relatively rapidly to...
Persistent link: https://www.econbiz.de/10005591311