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The Bahamas; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper for The Bahamas reports that the largest portion of tourism expenditure in The Bahamas comes … from stayover visitors, and total tourism spending has been stagnant. The Bahamas is a small open economy highly dependent … on tourism and the offshore financial sector. Private consumption expenditure in the country or countries of origin is …
Persistent link: https://www.econbiz.de/10005252900
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Kyrgyz Republic; Poverty Reduction Strategy Paper: Country Development Strategy (2007: 2010)
International Monetary Fund (IMF); International … - 2007
This paper analyzes progress on the Poverty Reduction Strategy Paper—Country Development Strategy (PRSP–CDS) in the Kyrgyz Republic for 2007–10. The CDS is the most important concept paper that outlines midterm vision of the Kyrgyz Republic. The paper also discusses that...
Persistent link: https://www.econbiz.de/10011242472
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Capital Account Liberalization and the Real Exchange Rate in Chile
International Monetary Fund - 2005
After the failure of the early 1980s, a second attempt at capital account liberalization was gradually carried out in Chile during the 1990s, this time in parallel with increased exchange rate flexibility. Capital account regulations were applied to support the independent monetary policy...
Persistent link: https://www.econbiz.de/10014400730
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Interpreting Real Exchange Rate Movements in Transition Countries
International Monetary Fund - 2001
Several transition countries have experienced strong real exchange rate appreciations. This paper tests the hypothesis that these appreciations reflect underlying productivity gains in the tradable sector. Using panel data over the period 1993-98, the results show clear evidence of...
Persistent link: https://www.econbiz.de/10014403602
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The Equilibrium Real Exchange Rate in a Commodity Exporting Country : The Case of Russia
International Monetary Fund - 2003
Questions about external competitiveness, exchange rate misalignment, and the appropriate exchange rate policy feature prominently in the Russian policy debate. This paper furthers the debate by estimating empirically Russia''s equilibrium real exchange rate (ERER)-that is, the rate consistent...
Persistent link: https://www.econbiz.de/10014403856
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Kingdom of Lesotho : Selected Issues and Statistical Appendix
International Monetary Fund - 2005
This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money...
Persistent link: https://www.econbiz.de/10014405576
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Arab Republic of Egypt : Selected Issues
International Monetary Fund - 2007
This Selected Issues paper examines whether Egypt’s current account and exchange rate are in broad equilibrium. The paper analyzes areas of fiscal spending that have the biggest saving potential in a cross-country perspective. An assessment of Egypt’s real exchange rate is presented. The...
Persistent link: https://www.econbiz.de/10014405868
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Arab Republic of Egypt : Selected Issues
International Monetary Fund - 2005
This Selected Issues paper on the Arab Republic of Egypt examines the dynamic relationship between the nominal exchange rate and prices during Egypt’s exit from a managed exchange rate regime. The exit from the peg went through several phases, including a series of step devaluations between...
Persistent link: https://www.econbiz.de/10014406070
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Tunisia's Experience with Real Exchange Rate Targeting and the Transition to a Flexible Exchange Rate Regime
International Monetary Fund - 2002
Over the past decade or so, Tunisia has experienced a strong economic performance while pursuing a constant real exchange rate rule (CRERR). The limitations of this rule are now beginning to emerge in the context of a more open economy, regional integration, a more market-based monetary policy,...
Persistent link: https://www.econbiz.de/10014401496
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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