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On the International Use of Currencies : The Case of the Deutsche Mark
International Monetary Fund - 1990
This paper assesses the role of the deutsche mark as a key international currency. It first investigates the theoretical basis underlying the international use of a currency. Theoretical considerations indicate that several factors relating to the issuing country—including inflation...
Persistent link: https://www.econbiz.de/10014396438
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Japan: Financial Sector Assessment Program : Technical Note on Financial System Spillovers - An Analysis of Potential Channels
International Monetary Fund - 2012
This Spillover Report analyses the potential channels of financial system spillovers in Japan that policymakers should … regulatory framework in managing spillover channels. The report is a guideline as to how Japan developed to win its position in …
Persistent link: https://www.econbiz.de/10014395723
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Japan : Spillover Report for the 2011 Article IV Consultation and Selected Issues
International Monetary Fund - 2011
Japan’s position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a … than captured by the empirical analysis. Apart from heading off tail risks, fiscal consolidation in Japan would have medium …
Persistent link: https://www.econbiz.de/10014396245
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Following Germany'S Lead : Using International Monetary Linkages to Identify the Effect of Monetary Policyon the Economy
International Monetary Fund - 2005
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
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Managing Financial Risks in indebted Developing Countries
International Monetary Fund - 1989
This paper examines the types of market-related hedging instruments that could potentially be useful to indebted developing countries as they seek to manage the financial risks created by variability of the prices of external assets and commodities. The paper reviews the variability in interest...
Persistent link: https://www.econbiz.de/10014399284
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Infrequent Large Nominal Devaluations and their Impacton the Futures Prices for Foreign Exchange in Brazil
International Monetary Fund - 1996
This paper discusses the behavior of futures prices for foreign exchange in Brazil during a period of high inflation and successive stabilization attempts (1989-92). After testing for futures prices unbiasedness and predicability by applying the Generalized Method of Moments, the paper argues...
Persistent link: https://www.econbiz.de/10014398432
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Export Pricing Behavior of Manufactuting : U.S.-Japan Comparison
International Monetary Fund - 1988
manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than …
Persistent link: https://www.econbiz.de/10014395791
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External Adjustment and the Strong Yen : Recent Japanese Experience
International Monetary Fund - 1988
rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan’s current account has been … that the rise in the yen has already made a substantial contribution to correcting Japan’s external imbalance …The parameters of a conventional model of Japan’s current account were found to be stable in the period of the steeply …
Persistent link: https://www.econbiz.de/10014395784
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The Instruments and Operating Procedures for Conducting Monetary Policy in the Group of Five Countries
International Monetary Fund - 1989
, Germany, Japan, the United Kingdom, and the United States for implementing monetary policy in the short run. The analysis …
Persistent link: https://www.econbiz.de/10014396489
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External Imbalances and Fiscal Policy in the Group of Three Countries : The Role of Stock-Flow Dynamics
International Monetary Fund - 1989
This paper discusses recent empirical research on the interplay between fiscal policies and external imbalances in the G3 countries, focusing on the stock-flow dynamics of public and foreign deficits and debt accumulation
Persistent link: https://www.econbiz.de/10014395805