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The Effects of Exchange Rate Change on the Trade Balance in Croatia
Stucka, Tihomir - International Monetary Fund (IMF) - 2004
A reduced-form model approach was used to estimate the trade balance response to permanent domestic currency depreciation. For this purpose, long-run and short-run effects were estimated, using three modeling methods along with two real effective exchange rate measures. On average, a 1 percent...
Persistent link: https://www.econbiz.de/10005825612
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The Impact of Trade Liberalizationon the Trade Balance in Developing Countries
Wu, Yi; Zeng, Li - International Monetary Fund (IMF) - 2008
not robust across different estimation specifications, and the estimated impact is smaller than that reported by Santos …
Persistent link: https://www.econbiz.de/10005248278
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Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina
Kanda, Daniel - International Monetary Fund (IMF) - 2006
This paper develops and estimates a model of the trade balance of Bosnia and Herzegovina. Credit flows and the fiscal stance are found to play a significant role in determining the trade balance. On this basis the paper discusses the trade-offs between monetary and fiscal policy settings needed...
Persistent link: https://www.econbiz.de/10005826416
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Nepal; Statistical Appendix
International Monetary Fund (IMF); International … - 2003
This Statistical Appendix paper for the periods between 1996/97 and 2001/02 for Nepal discusses both nominal and real gross domestic product by sector; savings and investments; agricultural production and yields; Manufacturing Production Indices; energy consumption; tourism indicators; Consumer...
Persistent link: https://www.econbiz.de/10005591212
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Central America; Global Integration and Regional Cooperation
Rodlauer, Markus; Schipke, Alfred - International Monetary Fund (IMF) - 2005
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
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Estimating China's "Equilibrium" Real Exchange Rate
Li, Xiangming; Dunaway, Steven Vincent - International Monetary Fund (IMF) - 2005
The number of studies attempting to estimate the "equilibrium" real value of China's currency has proliferated in … significant part of China's competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately, no … in a rapidly developing economy like China. …
Persistent link: https://www.econbiz.de/10005825966
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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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Explaining the Exchange Rate Pass-Through in Different Prices
Faruqee, Hamid; Hakura, Dalia; Choudhri, Ehsan U. - International Monetary Fund (IMF) - 2002
This paper examines the performance of different new open economy macroeconomic models in explaining the exchange rate pass-through in a wide range of prices. Quantitative versions of different models are used to derive the dynamic response of various prices to an exchange rate shock. Predicted...
Persistent link: https://www.econbiz.de/10005605370
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The Euro’s Effecton Trade Imbalances
Berger, Helge; Nitsch, Volker - International Monetary Fund (IMF) - 2010
When does trade become a one-way relationship? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for...
Persistent link: https://www.econbiz.de/10008680273
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Democratic Republic of the Congo; Request for the Rapid-Access Component of the Exogenous Shocks Facility and Report on the 2008 Staff Monitored Program
International Monetary Fund (IMF); International … - 2009
This paper discusses a request from Congo for the Rapid-Access Component of the Exogenous Shocks Facility. Performance on the 2008 staff-monitored program was mixed, complicated by the effects of the exogenous shock. Although weaknesses remain, the authorities strengthened public financial...
Persistent link: https://www.econbiz.de/10011244806