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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

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

Currency Convertibility and the Transformation of Centrally Planned Economies

Greene, Joshua E.; Isard, Peter - International Monetary Fund (IMF) - 1991

This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.

Persistent link: https://www.econbiz.de/10005824848

Islamic Republic of Afghanistan; Fourth Review Under the Staff-Monitored Program

International Monetary Fund (IMF); International … - 2005

This paper focuses on the Fourth Review Under the Staff-Monitored Program (SMP) for Afghanistan. Under the SMP, Afghanistan continued to make progress in improving macroeconomic management, strengthening its capacity to formulate policy, and creating conditions for sustainable economic growth....

Persistent link: https://www.econbiz.de/10005825196

Yemen; Exchange Rate Policy in the Face of Dwindling Oil Exports

Schneider, Todd; Ltaifa, Nabil Ben; Ahmed, Faisal; … - International Monetary Fund (IMF) - 2007

This paper investigates the likely implications of declining oil production on Yemen's equilibrium exchange rate, and discusses policy options to ensure a smooth transition to a nonoil economy. The empirical results suggest that, as oil production and foreign exchange earnings fall, the Yemeni...

Persistent link: https://www.econbiz.de/10005825640

Monetary Transmission Mechanisms in Belarus

Maino, Rodolfo; Horváth, Balázs - International Monetary Fund (IMF) - 2006

We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather...

Persistent link: https://www.econbiz.de/10005825964

Financial Repression and Exchange Rate Management in Developing Countries; Theory and Empirical Evidence for India

Kohli, Renu; Kletzer, Kenneth - International Monetary Fund (IMF) - 2001

Most developing countries have imposed restrictions on domestic and international financial transactions at one time or another. Such restrictions have allowed governments to generate significant proportions of their revenues from financial repression while restraining inflation. The eventual...

Persistent link: https://www.econbiz.de/10005826206

Conquering Fear of Floating; Australia's Successful Adaptation to a Flexible Exchange Rate

Beaumont, Craig; Cui, Li - International Monetary Fund (IMF) - 2007

Australia has enjoyed fifteen years of uninterrupted economic expansion since 1992 despite shocks such as the Asian crisis in 1997-98 and the information technology bust in 2000-01. This resilient economic performance owes much to wide-ranging structural reforms and the improved frameworks for...

Persistent link: https://www.econbiz.de/10011242448

Mauritius; Selected Issues

International Monetary Fund (IMF); International … - 2008

This Selected Issues paper assesses the external competitiveness of Mauritius over the period 1980â€“2007, with particular attention to the most recent years. The paper estimates the equilibrium real exchange rate using the macroeconomic balance approach, the single-equation equilibrium...

Persistent link: https://www.econbiz.de/10011242477

Republic of Armenia; Request for Stand-By Arrangement-Staff Report; Staff Supplements and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive...

International Monetary Fund (IMF); International … - 2009

This paper discusses Armeniaâ€™s request for a Stand-By Arrangement (SBA) with exceptional access of 400 percent of quota. Given the urgency of the situation, the request is being considered under the Emergency Financing Mechanism. The new program aims to achieve the necessary external...

Persistent link: https://www.econbiz.de/10011242536