Showing 1 - 10 of 479
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395958
This paper seeks to advance the discussion of monetary policy strategies in several ways. One involves a comparison of targets for nominal GNP and the price level, with emphasis on specificational robustness and implications for output variability. A second pertains to various “indicator”...
Persistent link: https://www.econbiz.de/10014396173
This paper examines the dynamics of the foreign exchange market. The first half addresses a number of key questions regarding the forecasts of future exchange rates made by market participants, by means of updated estimates using survey data. Here we follow most of the theoretical and empirical...
Persistent link: https://www.econbiz.de/10014396182
The paper presents a general equilibrium framework for short-run macroeconomic analysis in a developing country context where controls on interest rates and foreign exchange restrictions lead to the emergence of informal financial markets. The complexity of the model precludes an analytical...
Persistent link: https://www.econbiz.de/10014397805
In economies in transition, the development of financial markets is a common objective linking the monetary and fiscal authorities, while monetary and public debt management cannot be strictly separated. This calls for close coordination of objectives and instruments of monetary and debt...
Persistent link: https://www.econbiz.de/10014398325
issue, both in theory and practice. This perception changed dramatically in the mid-1990s, and over the past decade many …
Persistent link: https://www.econbiz.de/10015412483
Persistent link: https://www.econbiz.de/10000663179
million attributed to part of the gold sales windfall profits to all members in proportion to their quotas …
Persistent link: https://www.econbiz.de/10014410309
recent Fund gold sales. The proposed distribution is part of a strategy endorsed by the Board in July 2009 involving the use … of resources linked to gold sale profits to facilitate members' contributions towards Poverty Reduction and Growth Trust … (in end-2008 NPV terms) was expected to be generated from resources linked to profits from gold sales …
Persistent link: https://www.econbiz.de/10014410467
the gold value of the IMF's assets. Each member of the IMF is bound to maintain the gold value of the IMF's holdings of …
Persistent link: https://www.econbiz.de/10014394421