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Real Exchange Rates and Fundamentals; A Cross-Country Perspective
Ricci, Luca Antonio; Lee, Jaewoo; Milesi-Ferretti, … - International Monetary Fund (IMF) - 2008
of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636
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Patterns of Shocks and Regional Monetary Cooperation in South Asia
Maskay, Nephil Matangi - International Monetary Fund (IMF) - 2003
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897
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Yen Bloc or Yuan Bloc; An Analysis of Currency Arrangements in East Asia
Shirono, Kazuko - International Monetary Fund (IMF) - 2009
if China's relative presence continues to rise in the regional trade. …
Persistent link: https://www.econbiz.de/10005826046
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Estimating Iceland's Real Equilibrium Exchange Rate
Tchaidze, Robert - International Monetary Fund (IMF) - 2007
Given recent developments in Iceland, this paper evaluates its real exchange rate disequilibrium. It discusses three approaches to estimating the equilibrium values and suggests that the adjustment needed to bring the real exchange rate in line with fundamentals is in the range of 15-25 percent,...
Persistent link: https://www.econbiz.de/10005826225
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Will You Buy My Peg? the Credibility of a Fixed Exchange Rate Regime As a Determinant of Bilateral Trade
Jurzyk, Emilia Magdalena; Fritz-Krockow, Bernhard - International Monetary Fund (IMF) - 2004
This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …
Persistent link: https://www.econbiz.de/10005768826
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Assessing Competitiveness After Conflict; The Case of the Central African Republic
Lewis, Mark; Nachega, Jean-Claude; Bakhache, Said; … - International Monetary Fund (IMF) - 2006
presents several conventional techniques for assessing competitiveness, namely the real exchange rate and recent trade … many post-conflict situations. The real exchange measure and trade measures suggest some mild erosion of competitiveness in …
Persistent link: https://www.econbiz.de/10005768991
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The Role of Supervisory tools in Addressing Bank Borrowers' Currency Mismatches
Morales, Armando Méndez; Cacha, Maria del Mar - International Monetary Fund (IMF) - 2003
Bank borrowers' currency mismatches often result from unhedged foreign currency borrowing in economies where there is significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines to counteract this risk, countries have resorted...
Persistent link: https://www.econbiz.de/10005248175
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Labor Productivity and Real Exchange Rate; The Balassa-Samuelson Disconnect in the Former Yugoslav Republic of Macedonia
Loko, Boileau; Tuladhar, Anita - International Monetary Fund (IMF) - 2005
This paper seeks to investigate the transmission mechanisms linking productivity to the real exchange rate in the former Yugoslav Republic of Macedonia. At first glance, the stylized facts-low labor productivity growth and a trend real depreciation-suggest that a Balassa- Samuelson effect is in...
Persistent link: https://www.econbiz.de/10005248176
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Coping with Capital Inflows; Experiences of Selected European Countries
Vávra, David; Ötker, Inci; Topf, Barry; Polanski, Zbigniew - International Monetary Fund (IMF) - 2007
This paper reviews the experiences of a number of European countries in coping with capital inflows. It describes the nature of the inflows, their implications for macroeconomic and financial stability, and the policy responses used to cope with them. The experiences suggest that as countries...
Persistent link: https://www.econbiz.de/10005248251
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An Analysis of so-Called Export-Led Growth
Yang, Jie - International Monetary Fund (IMF) - 2008
The stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to conclude that the export sector is the main driving force behind those episodes. The model in this paper, however, shows that the non-tradable sector may also generate high...
Persistent link: https://www.econbiz.de/10005253003