Narrow search
Showing 1 - 10 of 1,161
Cover Image
Capital Inflows and the Real Exchange Rate
Saborowski, Christian - 2009
This paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows. Using dynamic panel data techniques, the paper finds that the exchange rate appreciation effect of FDI inflows is indeed attenuated...
Persistent link: https://www.econbiz.de/10012677721
Cover Image
The effectiveness of monetary policy transmission under capital inflows : evidence from Asia
Jain Chandra, Sonali; Unsal, D. Filiz - 2012
paper is to assess whether this is true for emerging Asia's economies. Using a dynamic factor model and a structural vector … auto-regression model, we show that long-term interest rates in Asia are indeed predominantly driven by global factors …
Persistent link: https://www.econbiz.de/10009679028
Cover Image
External Adjustment and Equilibrium Exchange Rate in Brazil.
Paiva, Claudio - 2006
Persistent link: https://www.econbiz.de/10012690990
Cover Image
Current Accounts in a Currency Union
Decressin, Jörg - 2009
A fear about EMU was that in the absence of national currencies, country-specific shocks would result in greater current account divergences between member states. This paper finds that divergences across euro-area countries are smaller and have not risen relative to those across 13 other...
Persistent link: https://www.econbiz.de/10012677796
Cover Image
Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
Milesi-Ferretti, Gian-Maria - 2008
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further...
Persistent link: https://www.econbiz.de/10012677685
Cover Image
Bond Markets As Conduits for Capital Flows : How Does Asia Compare?
Luengnaruemitchai, Pipat - 2006
Intro -- Contents -- I. INTRODUCTION -- II. REVIEW OF PREVIOUS STUDIES -- III. DATA AND SPECIFICATION -- IV. BASIC RESULTS -- V. SENSITIVITY CHECKS -- VI. CONNECTIONS WITH OTHER ASPECTS OF FINANCIAL DEVELOPMENT -- VII. THE COMPOSITION OF THE INVESTOR BASE -- VIII. CONCLUSIONS AND POLICY...
Persistent link: https://www.econbiz.de/10012691127
Cover Image
Effect of Exchange Rate Movements on Inflation in Sub-Saharan Africa
Kemoe, Laurent - 2024
This paper provides new evidence on the exchange rate passthrough to domestic inflation in Sub-Saharan Africa (SSA … depreciations cause sizable increases in domestic inflation. The passthrough in SSA is higher than in other regions and its …-standing view that strengthening monetary policy frameworks and credibility helps mitigate the impact of depreciations on inflation …
Persistent link: https://www.econbiz.de/10015058609
Cover Image
Latin American Central Bank Reform; Progress and Challenges
International Monetary Fund (IMF); International … - 2005
reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10005605076
Cover Image
Macroeconomic Volatility; The Policy Lessons From Latin America
Singh, Anoop - International Monetary Fund (IMF) - 2006
The recent recovery in Latin America has been impressive but also raises the question whether this represents a fundamental break with the region's history of boom-bust cycles. The paper traces how this history of macroeconomic volatility and financial crisis over the past century has adversely...
Persistent link: https://www.econbiz.de/10005605362
Cover Image
Weathering the Global Storm; The Benefits of Monetary Policy Reform in the La5 Countries
International Monetary Fund (IMF); International … - 2010
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the benefits of what they sowed in successfully weathering the global crisis. The adoption of far-reaching institutional, policy, and operational reforms during the last two decades...
Persistent link: https://www.econbiz.de/10008777018