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-up in tradeable goods inflation. Despite this increase, inflation remained relatively contained as compared to regional … comparators. This paper aims to provide a comprehensive analysis of inflation dynamics in the region, with a focus on external … from 1987 to 2022, we find that external factors such as the imported inflation from main trading partners, mainly driven …
Persistent link: https://www.econbiz.de/10015058847
Intro -- Contents -- I. INTRODUCTION AND SUMMARY -- II. WHAT ARE RISK PREMIUMS ON THE DOLLAR AND HOW CAN WE MEASURE …
Persistent link: https://www.econbiz.de/10012691012
Intro -- Contents -- I. INTRODUCTION -- II. WHY IS THERE A NEED FOR INTERNATIONAL MONEY? -- III. CONCEPTUAL FRAMEWORK-FACTORS THAT FACILITATE INTERNATIONAL CURRENCY STATUS -- IV. REASONS FOR THE DIFFERENT VIEWS -- V. EMPIRICAL EVIDENCE TO DATE -- VI. MEDIUM-TERM PROSPECTS FOR THE EURO -- VII....
Persistent link: https://www.econbiz.de/10012691027
Intro -- Contents -- I. INTRODUCTION -- II. THE MODEL -- III. EXTENSIONS TO THE BASELINE MODEL -- IV. ESTIMATION AND MODEL COMPARISON -- V. RESULTS -- VI. CONCLUDING REMARKS -- APPENDIX: THE METROPOLIS-HASTINGS ALGORITHM -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691160
Using detailed information on lobbying and mortgage lending activities, we find that lenders lobbying more on issues related to mortgage lending (i) had higher loan-to-income ratios, (ii) securitized more intensively, and (iii) had faster growing portfolios. Ex-post, delinquency rates are higher...
Persistent link: https://www.econbiz.de/10012677528
This paper examines the impact of Dollar exchange rate volatility on firm productivity in Emerging Markets economies … (EMs). Using firm level data covering 16 EMs over the period 1998 -2019, the paper shows that dollar exchange rate … level of financial development, high dollar invoicing, high bilateral trade with the US, high collective bargaining coverage …
Persistent link: https://www.econbiz.de/10015059411
Declining but still high dollarization rates in the Caucasus and Central Asia (CCA) region affect macroeconomic stability, monetary policy transmission, and financial sector development. Although several studies have investigated the dynamics of dollarization in the CCA, the relative roles of...
Persistent link: https://www.econbiz.de/10015060210
between US dollar cycles, sectoral debt levels and growth, and economic activity. Among developed EMEs, higher expected … household debt growth magnifies the impact of US dollar fluctuations on economic activity, with significant but less persistent …
Persistent link: https://www.econbiz.de/10015058702
countries, central bank holdings of dollar reserves are significantly correlated with the dollar-denominated bank borrowing of … stockpile of dollar reserves that allow it to serve as an ex post dollar lender of last resort. The model highlights a novel … externality: individual central banks may tend to over-accumulate dollar reserves, relative to what a global planner would choose …
Persistent link: https://www.econbiz.de/10015059785
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10015058361