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Keynes, Cocoa, and Copper; In Search of Commodity Currencies
Sahay, Ratna; Céspedes, Luis Felipe; Cashin, Paul - International Monetary Fund (IMF) - 2002
This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their … commodity exports move together over time. Using IMF data on the world prices of 44 commodities and national commodity export … shares, we construct new monthly indices of national commodity export prices for 58 countries over 1980-2002. A long …
Persistent link: https://www.econbiz.de/10005825719
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Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration
International Monetary Fund (IMF); International … - 2005
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
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China's Growth and Integration into the World Economy; Prospects and Challenges
Prasad, Eswar - International Monetary Fund (IMF) - 2004
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
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Central America; Global Integration and Regional Cooperation
Rodlauer, Markus; Schipke, Alfred - International Monetary Fund (IMF) - 2005
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
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The Role of the Exchange Rate in Inflation-Targeting Emerging Economies; Targeting Emerging Economies
Nordstrom, Anna; Roger, Scott; Stone, Mark R.; Shimizu, … - International Monetary Fund (IMF) - 2009
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
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Real Exchange Rates and Productivity; Closed-Form Solutions and Some Empirical Evidence
Begum, Jahanara - International Monetary Fund (IMF) - 2000
This paper examines the impact of productivity shocks on real exchange rate fluctuations in a dynamic international … statistically significant relationship exists between bilateral real exchange rates and international productivity differentials in …
Persistent link: https://www.econbiz.de/10005599752
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A Currency Union for the Caribbean
Worrell, DeLisle - International Monetary Fund (IMF) - 2003
inflationary, and that, while changes in the relative prices of tradables may affect exports, tourism, and imports, nominal … exchange rate changes have no predictable effect on those relative prices. Under these circumstances, economic literature …
Persistent link: https://www.econbiz.de/10005599271
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Medium-Term Exchange Rate Forecasting; What Can We Expect?
Meredith, Guy - International Monetary Fund (IMF) - 2003
. Uncovered interest parity fares better at long horizons, but reflects information already embodied in market prices; in this …
Persistent link: https://www.econbiz.de/10005826261
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Methodology for Current Account and Exchange Rate Assessments
Kincaid, G. Russell; Fetherston, Martin; Isard, Peter; … - International Monetary Fund (IMF) - 2001
Persistent link: https://www.econbiz.de/10005767377
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Exchange Rates in the Periphery and International Adjustment Under the Gold Standard
Catão, Luis; Solomou, Solomos - International Monetary Fund (IMF) - 2003
The role of exchange rate flexibility in the periphery of the gold standard has been grossly overlooked. This paper builds a new dataset on trade-weighed exchange rates for the period 1870-1913 and finds that large currency movements in periphery countries operating inconvertible paper-money and...
Persistent link: https://www.econbiz.de/10005769107