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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
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Oil-Price Boom and Real Exchange Rate Appreciation; Is there Dutch Disease in the Cemac?
International Monetary Fund (IMF); International … - 2011
benefitted from high international oil prices in recent years, they have also experienced relatively large real exchange rate …
Persistent link: https://www.econbiz.de/10009370557
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Mauritius; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2006
expiration of the preferential trade arrangements. It examines the empirical relationship among domestic prices, money, foreign … prices, and the nominal exchange rate in Mauritius. The paper highlights Mauritius’s inflation, monetary and exchange rate … policies and instruments, and also presents and estimates a model for the determination of domestic prices. …
Persistent link: https://www.econbiz.de/10011244211
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Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
International Monetary Fund (IMF); International … - 2002
Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy,...
Persistent link: https://www.econbiz.de/10005826081
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The Equilibrium Real Exchange Rate in a Commodity Exporting Country; The Case of Russia
International Monetary Fund (IMF); International … - 2003
which exchange rate policy should be changed. The paper confirms that the ERER reflects both productivity and the terms of … perhaps exceeding 10 percent. However, this latter number remains very sensitive to the assumed long-run oil prices. …
Persistent link: https://www.econbiz.de/10005263852
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Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime; The Case of the Islamic Republic of Iran
International Monetary Fund (IMF); International … - 1999
of inflation, balance of payments, and productivity growth. …
Persistent link: https://www.econbiz.de/10005605085
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Republic of Lithuania; Selected Issues
International Monetary Fund (IMF); International … - 2008
This paper estimated the output gap in Lithuania using three different methodologies—an HP filter, a panel regression, and a production function. This study examines how the levels of the current account deficit and the real exchange rate in Lithuania compare with estimates of their...
Persistent link: https://www.econbiz.de/10011245322
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Republic of Uzbekistan; 2008 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Repu...
International Monetary Fund (IMF); International … - 2008
This 2008 Article IV Consultation highlights that the Uzbek economy has performed well in recent years. The favorable external environment and improvements in macroeconomic policies resulted in high growth rates, large current account surpluses, a significant decline in the debt burden, and a...
Persistent link: https://www.econbiz.de/10011242753
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Georgia; 2011 Article IV Consultation-Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Geor...
International Monetary Fund (IMF); International … - 2011
The government of Georgia moved forcefully to counter the economic impact of the August 2008 conflict with Russia and global financial crisis. Monetary and prudential policy easing was, however, unable to prevent a sharp credit squeeze. The economy is recovering at a solid pace, with real GDP...
Persistent link: https://www.econbiz.de/10011243248
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Indonesia; 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Ind...
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that Indonesia’s economic performance has been strong since the last Article IV Consultation. Supported by sound policies and a favorable external environment, output has grown strongly, inflation has stabilized, and international reserves have...
Persistent link: https://www.econbiz.de/10011244555