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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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Investment, Openness and Country Risk
International Monetary Fund - 1987
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/10014395944
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Trade Reform Under Partial Currency Convertibility : Some Suggestive Results
International Monetary Fund - 1988
This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the...
Persistent link: https://www.econbiz.de/10014396238
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Interpreting Real Exchange Rate Movements in Transition Countries
International Monetary Fund - 2001
that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period … 1993-98, the results show clear evidence of productivity-driven exchange rate movements in the central and eastern European … expect to experience further productivity-driven real exchange rate appreciations. Evidence from a large cross-section of non …
Persistent link: https://www.econbiz.de/10014403602
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Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade
International Monetary Fund - 2005
it via Hong Kong SAR, we find that the indirect export rate rises with the Chinese tariff rate, even though there is no …
Persistent link: https://www.econbiz.de/10014400698
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Islamic Republic of Iran; Selected Issues
International Monetary Fund (IMF); International … - 2004
Productivity to growth. The paper presents an empirical study to quantify the role of several other contributing factors commonly …
Persistent link: https://www.econbiz.de/10005825273
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Central African Economic and Monetary Community; Staff Report on Common Policies of Member Countries; Staff Statement; Public Information Notice on the Executive Board Discussion;...
International Monetary Fund (IMF); International … - 2006
Macroeconomic developments benefited from oil windfalls, but structural problems still impede non-oil growth. Fiscal and external balances improved in the Central African Economic and Monetary Community (CEMAC) because of the surge in oil prices and better fiscal management. Oil-related reserve...
Persistent link: https://www.econbiz.de/10011242520
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United Republic of Tanzania; 2007 Article IV Consultation and First Review Under the Policy Support Instrument: Staff Report; Staff Supplement; Public Information Notice and Press...
International Monetary Fund (IMF); International … - 2007
This paper discusses the United Republic of Tanzania’s 2007 Article IV Consultation and First Review under the Policy Support Instrument. The report focuses on sustaining Tanzania’s recent strong economic performance, broad-based growth, and more rapid poverty reduction. This would...
Persistent link: https://www.econbiz.de/10011242571
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Senegal; Selected Issues
International Monetary Fund (IMF); International … - 2008
€™s export performance, developments of the REER, and an empirical analysis of the equilibrium REER. Structural measures of …
Persistent link: https://www.econbiz.de/10011243100
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South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2006
This paper discusses South Africa’s recent growth performance and its new growth targets. It analyzes the history of exchange rate volatility, compares it with other countries, and examines the relationship between volatility and trade flows in South Africa. It highlights facts on...
Persistent link: https://www.econbiz.de/10011243997