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Revised System for the Classification of Exchange Rate Arrangements

Kokenyne, Annamaria - 2009

Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provides information on revisions to the system in...

Persistent link: https://www.econbiz.de/10012677881

Why Do Countries Peg the Way They Peg?The Determinants of Anchor Currency Choice

Oomes, Nienke - 2008

What determines the currency to which countries peg or ""anchor"" their exchange rate? Data for over 100 countries between 1980 and 1998 reveal that trade network externalities are a key determinant. This implies that anchor currency choice may well be suboptimal in that certain currencies,...

Persistent link: https://www.econbiz.de/10012677601

Trade Linkages, Balance Sheets, and Spillovers; The Germany-Central European Supply Chain

Elekdag, Selim; Muir, Dirk - International Monetary Fund (IMF) - 2013

Germany and the Czech Republic, Hungary, Poland, and Slovakia (the CE4) have been in a process of deepening economic …

Persistent link: https://www.econbiz.de/10011242281

Managing large-scale capital inflows : the case of the Czech Republic, Poland and Romania

Chowdhury, Ibrahim; Keller, Leonor - 2012

onset of the 2008 global financial crisis - the Czech Republic, Poland, and Romania. It finds that the evaluation …

Persistent link: https://www.econbiz.de/10009615786

The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China: 1980-2002

Jin, Zhongxia - International Monetary Fund (IMF) - 2003

Based on China's experience between 1980 and 2002, a cointegrated vector autoregression model was established to explore the relationships among real interest rates, real exchange rates and balance of payments in China. Taking into account institutional changes, the empirical study shows that...

Persistent link: https://www.econbiz.de/10005263720

Is Central Bank Intervention Effective Under Inflation Targeting Regimes? the Case of Colombia

Kamil, Herman - International Monetary Fund (IMF) - 2008

targets for inflation. Using the recent experience of Colombia between 2004 and 2007, this paper examines the effectiveness of … the Central Bank's intervention in stemming domestic currency appreciation under an inflation targeting regime. The … slowing down domestic currency appreciation, as large-scale intervention became incompatible with meeting the inflation target …

Persistent link: https://www.econbiz.de/10005263872

Exchange Rate Misalignment; An Application of the Behavioral Equilibrium Exchange Rate (Beer) to Botswana

Iimi, Atsushi - International Monetary Fund (IMF) - 2006

Botswana's successive currency devaluations and recent move from a fixed to a crawling peg exchange rate regime raise the question of whether the exchange rate might be misaligned with economic fundamentals. This paper, applying the behavioral equilibrium exchange rate (BEER) approach, analyzes...

Persistent link: https://www.econbiz.de/10005263904

The Empirics of Foreign Exchange Intervention in Emerging Markets; The Cases of Mexico and Turkey

Karacadag, Cem; Guimarães, Roberto Pereira - International Monetary Fund (IMF) - 2004

This paper analyzes the effects of intervention on the level and volatility of the exchange rate in Mexico and Turkey, two emerging countries that have floating exchange rate regimes. The paper finds mixed evidence on the effectiveness of intervention. In Mexico, foreign exchange sales have a...

Persistent link: https://www.econbiz.de/10005264020

Optimal and Sustainable Exchange Rate Regimes; A Simple Game-Theoretic Approach

Kawai, Masahiro - International Monetary Fund (IMF) - 1992

This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares noncooperative equilibria under different assumptions of monetary policy...

Persistent link: https://www.econbiz.de/10005264066

Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

Mendoza, Enrique G. - International Monetary Fund (IMF) - 2006

This paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70...

Persistent link: https://www.econbiz.de/10005264110

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