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Measuring Competitiveness
Neary, J. Peter - International Monetary Fund (IMF) - 2006
This paper reviews alternative approaches to measuring an economy's cost competitiveness and proposes some new measures …
Persistent link: https://www.econbiz.de/10005264123
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Trade and Financial Contagion in Currency Crises
Salgado, Ranil; Ricci, Luca Antonio; Caramazza, Francesco - International Monetary Fund (IMF) - 2000
This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and financial linkages in inducing financial crises for a sample of 61 emerging market and industrial countries. A panel probit estimation finds these economic indicators to be...
Persistent link: https://www.econbiz.de/10005769104
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Discriminating Contagion; An Alternative Explanation of Contagious Currency Crises in Emerging Markets
Ahluwalia, Pavan - International Monetary Fund (IMF) - 1999
This paper shows that a country’s vulnerability to contagious crises depends on the visible similarities between that country and other countries that are experiencing crises. A country is vulnerable to shifts in investor sentiment if it exhibits weaknesses in the same economic variables as...
Persistent link: https://www.econbiz.de/10005599208
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Purchasing Power Parity and New Trade Theory
Ricci, Luca Antonio; MacDonald, Ronald - International Monetary Fund (IMF) - 2002
importance of competitiveness, for which we construct an original proxy. Using a panel dynamic OLS estimation of nine bilateral … US dollar real exchange rates, we derive long-run coefficients for relative productivity and competitiveness in the … competitiveness is statistically significant in explaining deviations from PPP. …
Persistent link: https://www.econbiz.de/10005605250
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Assessing Competitiveness Using Industry Unit Labor Costs; An Application to Slovakia
International Monetary Fund (IMF); International … - 2012
Conceptual ambiguities and statistical weaknesses hamper the assessment of external competitiveness. The term … competitiveness, while applied extensively, is often imprecisely defined, which can result in analytical errors and mistaken policy … advice. Furthermore, aggregate statistical measures of competitiveness in terms of exchange rate misalignment can be biased …
Persistent link: https://www.econbiz.de/10011242314
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Mauritius; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2006
The empirical study shows that the equilibrium real exchange rate in Mauritius has been affected by the terms of trade, as well as by other fundamental determinants. It assesses the challenges posed to Mauritius’s trade performance by the expiration of the preferential trade arrangements....
Persistent link: https://www.econbiz.de/10011244211
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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
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Tunisia; 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia
International Monetary Fund (IMF); International … - 2008
This 2008 Article IV Consultation highlights that Tunisia’s sound economic policies and pragmatic approach to structural reforms continue to bear fruit, as evidenced by strong growth and improved social indicators. Real GDP growth averaged 5 percent a year while the macroeconomic and...
Persistent link: https://www.econbiz.de/10011244286
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Islamic Republic of Iran; 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive D...
International Monetary Fund (IMF); International … - 2006
Iran's 2005 Article IV Consultation highlights Fourth Five-Year Development Plan (FFYDP) and the Twenty-Year Vision. The country's real GDP growth reached 5½ percent a year on average, unemployment declined, and macroeconomic indicators improved significantly, supported by favorable oil...
Persistent link: https://www.econbiz.de/10011244296