Narrow search
Showing 1 - 10 of 338
Cover Image
Convertibility Risk; The Precautionary Demand for Foreign Currency in a Crisis
Mourmouras, Alex; Black, Stabley W.; Christofides, … - International Monetary Fund (IMF) - 2001
This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using both cross section data and then...
Persistent link: https://www.econbiz.de/10005826374
Cover Image
Inflation in Tajikistan; Forecasting Analysis and Monetary Policy Challenges
Vtyurina, Svetlana; Alturki, Fahad - International Monetary Fund (IMF) - 2010
This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …
Persistent link: https://www.econbiz.de/10008519491
Cover Image
Testing for Cointegration Using the Johansen Methodology When Variables Are Near-Integrated
Österholm, Pär; Hjalmarsson, Erik - International Monetary Fund (IMF) - 2007
We investigate the properties of Johansen's (1988, 1991) maximum eigenvalue and trace tests for cointegration under the …
Persistent link: https://www.econbiz.de/10005599304
Cover Image
On Impatience and Policy Effectiveness
Sgherri, Silvia; Bayoumi, Tamim - International Monetary Fund (IMF) - 2009
An increasing body of evidence suggests that the behavior of the economy has changed in many fundamental ways over the last decades. In particular, greater financial deregulation, larger wealth accumulation, and better policies might have helped lower uncertainty about future income and lengthen...
Persistent link: https://www.econbiz.de/10005599595
Cover Image
Slovak Republic; 2005 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2006
The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the...
Persistent link: https://www.econbiz.de/10011244180
Cover Image
Mongolia; Fifth and Sixth Reviews under the Stand-By Arrangement and Rephasing of Purchases
International Monetary Fund (IMF); International … - 2010
Despite the negative impact of the severe winter on agriculture, other indicators are pointing to a strong recovery. Exports are growing rapidly, fueled by the rebound in copper prices and a rapid growth in coal exports. Rephasing of purchases by combining the fifth and sixth reviews is...
Persistent link: https://www.econbiz.de/10011244274
Cover Image
Republic of Poland; Selected Issues
International Monetary Fund (IMF); International … - 2008
This paper provides three policy lessons to take full advantage of the opportunity afforded by EU funds. The main features of the global integrated monetary and fiscal (GIMF) model and how it was modified to account for income convergence are discussed. The impact of EU funds as exhibited in the...
Persistent link: https://www.econbiz.de/10011244276
Cover Image
Indonesia; Selected Issues
International Monetary Fund (IMF); International … - 2008
analyze the inflation outlook and monetary policy challenges. The Bank of Indonesia (BI) introduced its Inflation Targeting … Framework in July 2005 with the goal to reduce inflation in the medium term to 3 percent. BI’s official mandate is stability … of the rupiah, both internal and external, and BI views the inflation targeting regime with a floating exchange rate as …
Persistent link: https://www.econbiz.de/10011244290
Cover Image
South Africa; Selected Issues
International Monetary Fund (IMF); International … - 2009
South Africa’s macroeconomic policies face a complicated task of balancing between supporting domestic demand and maintaining stability. The Selected Issues paper for South Africa discusses economic development and policies. Although the opening output gap and declining employment do call...
Persistent link: https://www.econbiz.de/10011244312
Cover Image
Iceland; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
International Monetary Fund (IMF); International … - 2007
This 2007 Article IV Consultation highlights that boom in private consumption in Iceland was facilitated by easing household credit conditions, tax cuts, rapidly rising housing and equity wealth, and an appreciating real exchange rate. As a result, the output gap peaked at over 5 percent in...
Persistent link: https://www.econbiz.de/10011244341