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Singapore; 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sin...
International Monetary Fund (IMF); International … - 2009
This 2009 Article IV Consultation highlights that Singapore has been severely affected by the global downturn. The collapse in external demand has led to a sharp contraction in GDP, which fell by almost 13 percent in the first quarter of 2009. Executive Directors have observed that the floating...
Persistent link: https://www.econbiz.de/10011245646
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Northern Star; Canada's Path to Economic Prosperity
Klyuev, Vladimir; Mühleisen, Martin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2007
Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these...
Persistent link: https://www.econbiz.de/10011245903
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The Role of Interest Rates in Business Cycle Fluctuations in Emerging Market Countries; The Case of Thailand
Tchakarov, Ivan; Elekdag, Selim - International Monetary Fund (IMF) - 2006
rates in international capital markets. However, if world interest rates were to take a sudden upward course, this would … effects of world interest rate shocks on real activity in Thailand. The analysis incorporates balance sheet related credit … of rising world interest rates if it were to follow a flexible exchange rate regime. …
Persistent link: https://www.econbiz.de/10005825895
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FX Swaps; Implications for Financial and Economic Stability
Ong, Li L.; Barkbu, Bergljot - International Monetary Fund (IMF) - 2010
The proliferation of foreign exchange (FX) swaps as a source of funding and as a hedging tool has focused attention on the role of the FX swap market in the recent crisis. The turbulence in international money markets spilled over into the FX swap market in the second-half of 2007 and into 2008,...
Persistent link: https://www.econbiz.de/10008519490
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Regional Financial Integration in the GCC
Espinoza, Raphael A.; Williams, Oral; Prasad, … - International Monetary Fund (IMF) - 2010
We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is non-negligible. Bahrain and Kuwait investments especially are oriented towards the region. The development...
Persistent link: https://www.econbiz.de/10008470389
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Country Insurance; The Role of Domestic Policies
Mauro, Paolo; Becker, Törbjörn I.; Ostry, Jonathan David - International Monetary Fund (IMF) - 2007
Persistent link: https://www.econbiz.de/10005590904
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Deriving Market Expectations for the Euro-Dollar Exchange Rate From Option Prices
Krichene, Noureddine - International Monetary Fund (IMF) - 2004
Option prices provide valuable information on market expectations. This paper attempts to extract market expectations, as conveyed by an implied risk-neutral probability distribution, from option prices for the dollar-euro exchange rate. Returns' volatilities are inferred from observed and...
Persistent link: https://www.econbiz.de/10005605330
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FX Funding Risks and Exchange Rate Volatility–Korea’s Case
Ree, Jack; Yoon, Kyoungsoo; Park, Hail - International Monetary Fund (IMF) - 2012
This paper examines how exchange rate volatility and Korean banks’ foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes...
Persistent link: https://www.econbiz.de/10011142019
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Monetary Independence in Emerging Markets; Does the Exchange Rate Regime Make a Difference?
Philippon, Thomas; Zettelmeyer, Jeromin; Borensztein, … - International Monetary Fund (IMF) - 2001
This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different exchange rate regimes. Consistent with conventional priors, the results indicate that interest...
Persistent link: https://www.econbiz.de/10005825800
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Exchange Rate Risk Measurement and Management; Issues and Approaches for Firms
Papaioannou, Michael G. - International Monetary Fund (IMF) - 2006
Measuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely...
Persistent link: https://www.econbiz.de/10005825991