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The Balance of Trade, the Terms of Trade, and the Real Exchange Rate : An Intertemporal Optimizing Framework
International Monetary Fund - 1988
This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, and permanent changes in the terms of trade. The results suggest that the...
Persistent link: https://www.econbiz.de/10014396150
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Exchange Rates and Trade Balance Adjustment in Emerging Market Economies
International Monetary Fund - 2006
The paper finds that simple econometric specifications yield surprising rich and complex dynamics -- relative prices respond to the nominal exchange rate and pass-through effects, import and export volumes respond to relative price changes, and the trade balance responds to changes in import and...
Persistent link: https://www.econbiz.de/10014409791
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Georgia Financial Sector Assessment
International Monetary Fund; World Bank - 2021
A joint IMF and World Bank team conducted virtual missions to Georgia during January-February 2021 and May-June 2021 …
Persistent link: https://www.econbiz.de/10013255298
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Georgia Financial Sector Assessment
World Bank Group - 2021
A joint IMF and World Bank team conducted virtual missions to Georgia during January-February 2021 and May-June 2021 …
Persistent link: https://www.econbiz.de/10013181630
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Modalities of Moving to Inflation Targeting in Armenia and Georgia
International Monetary Fund - 2007
This paper reviews the current monetary and exchange rate policy frameworks in Armenia and Georgia, and the challenges …
Persistent link: https://www.econbiz.de/10014400335
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Georgia : Sixth Review Under the Stand-By Arrangement and Requests for Modification of Performance Criteria, Waiver of Nonobservance of Performance Criterion, Waiver of Applicabili...
International Monetary Fund - 2010
The economic recovery has gained strength in Georgia. The corrective policy actions provide adequate assurances that …
Persistent link: https://www.econbiz.de/10014403553
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Georgia : Third Review Under the Stand-By Arrangement and Requests for Augmentation, Extension of the Arrangement, Rephasing of Purchases, and Modification of Performance Criteria:...
International Monetary Fund - 2009
This paper discusses key findings of the Third Review under the Stand-By Arrangement for Georgia. With monetary policy …
Persistent link: https://www.econbiz.de/10014404534
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Georgia : Fourth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion: Staff Report; Staff Statement; Press Release on the Executi...
International Monetary Fund - 2006
Economic growth continues to be strong, but inflation has increased substantially. The structural agenda remains focused on further improving tax and customs administration, improving fiscal planning and public expenditure management, and strengthening financial markets. The main risks to the...
Persistent link: https://www.econbiz.de/10014404657
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Georgia : Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and St...
International Monetary Fund - 2004
Georgia focuses on economic developments and policies. The fiscal situation deteriorated sharply in 2003, especially because … challenges inherited from the previous administration and to reinvigorate the reform drive. Georgia’s vulnerability to exogenous …
Persistent link: https://www.econbiz.de/10014404881
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Georgia : Ex Post Assessment of Georgia's Performance Under Fund-Supported Programs-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the...
International Monetary Fund - 2004
This report reviews Georgia's performance under the two IMF-supported programs, covering the period 1996–2003. It also … discusses the key challenges that Georgia faces in realizing the goals of its recently finalized Economic Development and … Poverty Reduction Program (EDPRP). Georgia has broadly maintained a liberal trade and payments system. The authorities have …
Persistent link: https://www.econbiz.de/10014406473