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increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
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
Persistent link: https://www.econbiz.de/10000671075
Persistent link: https://www.econbiz.de/10014409758
rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan’s current account has been … adjusting to the strengthening yen in accordance with established historical relationships—a conclusion that is substantiated by … 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
Review the quality of the Fund staff's analysis and policy advice on exchange rate issues. The Fund is sometimes criticized for not taking a sufficiently clear position on several exchange rate issues, ranging from the assessment of the level of exchange rates to the description of exchange rate...
Persistent link: https://www.econbiz.de/10014410096
This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data over 1999-2001. The underlying framework is an updated version of the IMF''s current effective exchange rate calculation, which uses weights largely based...
Persistent link: https://www.econbiz.de/10014400539
This paper examines the relationship between monetary and exchange rate policies by considering the factors that have led the authorities in developed and developing countries in Asia to alter their use of monetary policy instruments and exchange rate arrangements since the mid-1970s. There is...
Persistent link: https://www.econbiz.de/10014396158
This book examines the challenges facing the international monetary and financial system, as well as the future role of the Bretton Woods institutions in addressing those challenges. The volume is based on the proceedings of a 2004 conference cosponsored by the Banco de Espana and the...
Persistent link: https://www.econbiz.de/10014395118
This paper examines the recent evolution of exchange rate policies inthe developing world. It looks at why so many … world of increasing capital mobility, especially when bankingsectors are inadequately regulated or supervised …
Persistent link: https://www.econbiz.de/10014397799