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Is fiscal policy procyclical in developing oil-producing countries?
Erbil, Nese - 2011
Persistent link: https://www.econbiz.de/10009424867
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Oil Shocks and External Balances
International Monetary Fund - 2007
This paper studies the effects of demand and supply shocks in the global crude oil market on several measures of countries'' external balance, including the oil and non-oil trade balances, the current account, and changes in net foreign assets (NFA) during 1975-2004. We explicitly take a global...
Persistent link: https://www.econbiz.de/10014401265
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Exchange Arrangements and Foreign Exchange Markets : Developments and Issues
International Monetary Fund - 2003
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
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Exchange Rate Volatility and World Trade
International Monetary Fund - 1984
increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about …
Persistent link: https://www.econbiz.de/10014406218
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Real Exchange Rates and Commodity Prices in Neoclassical Model
International Monetary Fund - 1988
and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative …
Persistent link: https://www.econbiz.de/10014396210
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Commodity Price Volatility and the Sources of Growth
International Monetary Fund - 2012
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well … of trade growth enhances real output per capita, volatility exerts a negative impact on economic growth operating mainly … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …
Persistent link: https://www.econbiz.de/10014396933
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Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies
International Monetary Fund - 2017
Capital flows can deliver substantial benefits for countries, but also have the potential to contribute to a buildup of systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries whose financial and institutional development enables...
Persistent link: https://www.econbiz.de/10014408642
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Increasing Resilience to Large and Volatile Capital Flows : The Role of Macroprudential Policies
International Monetary Fund - 2017
Persistent link: https://www.econbiz.de/10014408670
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Exchange Rate Movements and International Interdependence of Stock Markets
International Monetary Fund - 1989
This paper investigates linkages between stock markets in seven industrialized countries since 1974. Empirical evidence shows that both nominal and real stock prices (and returns) are strongly positively correlated across countries, and that nominal exchange rate changes do not have systematic...
Persistent link: https://www.econbiz.de/10014396348
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Fiscal Policy in Oil Producing Countries During the Recent Oil Price Cycle
International Monetary Fund - 2010
This paper presents a detailed analysis of the average fiscal policy responses of oil producing countries (OPCs) to the recent oil price cycle. We find that OPCs worsened their non-oil primary balances substantially during 2003-2008 driven by an increase in primary spending. However, this trend...
Persistent link: https://www.econbiz.de/10014404318