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The Transmission Mechanism in Armenia : New Evidence from a Regime Switching VAR Analysis

International Monetary Fund - 2010

The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization, marked the beginning of a new macroeconomic framework in Armenia, which is likely to have changed the effectiveness of monetary policy. This paper is the first attempt to...

Persistent link: https://www.econbiz.de/10014403230

Trade Costs and Real Exchange Rate Volatility : The Role of Ricardian Comparative Advantage

International Monetary Fund - 2005

This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi … exchange rate volatility depends on relative technological differences and trade costs. These differences highlight a new … volatility. We then test the importance of this channel using a large panel of cross-country data over 1970-97, and find strong …

Persistent link: https://www.econbiz.de/10014399797

Monetary policy in dollarized economies

Baliño, Tomás J. T. (ed.); Bennett, Adam (contributor); … - International Monetary Fund - 1999

Persistent link: https://www.econbiz.de/10000671075

Exchange Arrangements and Foreign Exchange Markets : Developments and Issues

International Monetary Fund - 2003

This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate...

Persistent link: https://www.econbiz.de/10014404579

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

Exchange Rate Volatility and Trade Flows : Some New Evidence

International Monetary Fund - 2004

Persistent link: https://www.econbiz.de/10014409758

Thailand; Selected Issues

International Monetary Fund (IMF); International … - 2008

To estimate the New Keynesian model, we use four key macroeconomic series for Thailand. The priors are chosen to reflect general considerations of the appropriate model dynamics and our judgment about the Thai economy. The model is solved initially so that the baseline forecast replicates staff...

Persistent link: https://www.econbiz.de/10011242710

The Impact of Introducing a Minimum Wageon Business Cycle Volatility : A Structural Analysis for Hong Kong SAR

International Monetary Fund - 2008

We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 ….2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …

Persistent link: https://www.econbiz.de/10014401464

De Jure Versus De Facto Exchange Rate Regimes in Sub-Saharan Africa

International Monetary Fund (IMF); International … - 2011

exchange rate volatility in SSA countries, soft-pegging to the dollar does not appear to be the best fit for them, given the …

Persistent link: https://www.econbiz.de/10009293769

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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