Showing 1 - 10 of 35
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic … theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new …
Persistent link: https://www.econbiz.de/10005767343
Using data from 17 countries that have suffered a currency crisis, this paper studies firm-level leverage and performance measures before and after a crisis has occurred. We show that in the years preceding a currency crisis, companies that are expected to benefit from currency depreciations...
Persistent link: https://www.econbiz.de/10010281399
The rapid increase in international trade and financial integration over the past decade and the growing importance of … emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro …
Persistent link: https://www.econbiz.de/10011245901
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity …
Persistent link: https://www.econbiz.de/10011245903
This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy...
Persistent link: https://www.econbiz.de/10011245907
Persistent link: https://www.econbiz.de/10005252526
. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the …
Persistent link: https://www.econbiz.de/10005252532
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