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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 - 1999
of inflation, balance of payments, and productivity growth …
Persistent link: https://www.econbiz.de/10014401804
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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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Temporary Import Tariffs, the Real Exchange Rate and the Current Account
International Monetary Fund - 1988
In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...
Persistent link: https://www.econbiz.de/10014395800
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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
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Separate Identification of the Chinese Renminbi in the COFER Survey
International Monetary Fund - 2016
Following the recent Executive Board decisions on the determination of the renminbi (RMB) as a freely usable currency …, effective October 1, 2016, and its inclusion in the SDR basket on the same date, STA intends to separately identify the RMB in … currencies in the COFER survey, this paper sets out the key considerations for the envisaged inclusion of the RMB in the COFER …
Persistent link: https://www.econbiz.de/10014408623
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Economic Structure, the Exchange Rate and Adjustment in the Federal Republic of Germany : A General Equilibrium Approach
International Monetary Fund - 1988
This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...
Persistent link: https://www.econbiz.de/10014395794
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Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants
International Monetary Fund (IMF); International … - 2012
exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …
Persistent link: https://www.econbiz.de/10010790331
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Fiscal Policy and External Performance : The Turkish Experience
International Monetary Fund - 1989
general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …
Persistent link: https://www.econbiz.de/10014395994
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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-country Ricardian model of trade, based on the work of Eaton and Kortum (2002), into a macroeconomic model to show how bilateral real exchange rate volatility depends on relative technological...
Persistent link: https://www.econbiz.de/10014399797
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External Adjustment and the Strong Yen : Recent Japanese Experience
International Monetary Fund - 1988
The parameters of a conventional model of Japan’s current account were found to be stable in the period of the steeply … 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 …
Persistent link: https://www.econbiz.de/10014395784