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Credibility. Capital Controls, and the EMS
International Monetary Fund - 1989
A common rationale for EMS membership is that it enhances the credibility of a central bank’s commitment to stable … exchange rate bands and the prevalence of capital controls. In our model, capital controls themselves affect credibility … to reconcile the non-zero width of the bands with the credibility-based interpretation of the EMS …
Persistent link: https://www.econbiz.de/10014396035
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Optimum currency areas : new analytical and policy developments
Bléjer, Mario I. (ed.) - International Monetary Fund - 1997
Persistent link: https://www.econbiz.de/10000967231
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European Policy Convergence and the EMS
International Monetary Fund - 1990
In this paper we analyze the degree of policy convergence of EMS member countries relative to that of some non-EMS countries. Interestingly, we find convergence for the nominal and real exchange rates and money supplies of the EMS members but not for the non-EMS countries. We also provide some...
Persistent link: https://www.econbiz.de/10014396029
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Exchange Rate Expectations : Survey of Survey Studies
International Monetary Fund - 1990
This paper presents a brief survey of the empirical literature on survey-based exchange rate expectations. The literature in general supports the presence of a non-zero risk premium and rejects the hypothesis of rational expectations. The crucial result is that, while short-run expectations tend...
Persistent link: https://www.econbiz.de/10014396356
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Approaches to exchange rate policy : choices for developing and transition economies ; papers presented at the seminar on Exchange Rate Policies in Developing and Transition Econom...
Barth, Richard C. (contributor);  … - International Monetary Fund - 1994
Persistent link: https://www.econbiz.de/10000412854
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Monetary policy in dollarized economies
Baliño, Tomás J. T. (ed.); Bennett, Adam (contributor);  … - International Monetary Fund - 1999
Persistent link: https://www.econbiz.de/10000671075
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Exchange arrangements and exchange restrictions : annual report
International Monetary Fund - Washington, DC : Fund - 1989 - 1998
Persistent link: https://www.econbiz.de/10004167356
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Issues in the Assessment of the Exchange Rates of Industrial Countries
International Monetary Fund - 1984
In its surveillance activities, the Fund is frequently confronted with the difficult problem of how to identify exchange rate behavior that is unrelated to underlying economic and financial conditions and, consequently, should be viewed with concern from a national or international standpoint....
Persistent link: https://www.econbiz.de/10014402535
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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 Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime : The Case of the Islamic Republic of Iran
International Monetary Fund - 1999
This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after unification. The study illustrates how economic...
Persistent link: https://www.econbiz.de/10014401804