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Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy
Han, Fei - International Monetary Fund (IMF) - 2014
This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks, China’s investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconomic model for a small open and partially dollarized economy is developed and...
Persistent link: https://www.econbiz.de/10011142105
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Yen Bloc or Yuan Bloc; An Analysis of Currency Arrangements in East Asia
Shirono, Kazuko - International Monetary Fund (IMF) - 2009
This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to … if China's relative presence continues to rise in the regional trade. …
Persistent link: https://www.econbiz.de/10005826046
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Real Effects of Common Currencies in East Asia
Shirono, Kazuko - International Monetary Fund (IMF) - 2007
Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia. This paper provides estimates of trade and welfare effects of East Asian currency unions, using a micro-founded gravity model. Counter-factual experiments to assess the effects...
Persistent link: https://www.econbiz.de/10005769256
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Growth Slowdowns and the Middle-Income Trap
Aiyar, Shekhar; Duval, Romain A; Puy, Damien; Wu, Yiqun; … - International Monetary Fund (IMF) - 2013
The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as...
Persistent link: https://www.econbiz.de/10010790409
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Algeria; Selected Issues
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528
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Benin; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2008
The strategy adopted by Benin to strengthen its macroeconomic stability and promote private-investment-led growth has been detailed in the note. The statistical data on gross domestic product by sector of origin at current prices and at constant supply, production and producer prices of cotton,...
Persistent link: https://www.econbiz.de/10011244719
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Mexico: Selected Issues Paper
International Monetary Fund (IMF); International … - 2014
This Selected Issues paper analyzes the impact of Mexico’s energy reform on hydrocarbons production. These reforms aim to increase oil and gas production by eliminating the state oil company’s (PEMEX) monopoly on exploration and production of hydrocarbons, while retaining the prime...
Persistent link: https://www.econbiz.de/10011245058
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Kuwait; 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kuwait
International Monetary Fund (IMF); International … - 2008
The strong economic and financial position of Kuwait has improved further, but inflation has risen. The nation has made significant progress on the issues raised in the 2007 consultation. Kuwait’s integration into the global economy has been increasing in recent years. Global integration...
Persistent link: https://www.econbiz.de/10011245247
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United Kingdom-Montserrat-British Overseas Territory; 2011 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The 2011 Article IV Consultation highlights that low growth is expected for Montserrat in 2011 after sharp output contractions in 2009–10. Stress in the financial sector and slower-than-expected development of major capital investment projects continue to limit prospects for growth....
Persistent link: https://www.econbiz.de/10011245356
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United Arab Emirates; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Direc...
International Monetary Fund (IMF); International … - 2006
An outward-oriented development strategy and prudent financial policies resulted in an impressive economic growth and led to a large accumulation of external financial assets. The major Emirates intend to leverage the favorable economic environment to carry out reforms that will encourage more...
Persistent link: https://www.econbiz.de/10011245475