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An Institutional Framework for Comparing Emerging Market Currency Boards
Gilson, Marie-Thérèse Camilleri - International Monetary Fund (IMF) - 2004
discussion of flexibility and credibility trade-offs and exit issues. …
Persistent link: https://www.econbiz.de/10005826104
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Trade Effects of Exchange Rates and their Volatility: Chile and New Zealand
Huchet-Bourdon, Marilyne; Korinek, Jane - Trade and Agriculture Directorate, Organisation de … - 2012
Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of … exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an … unequivocally clear picture of the trade impacts of changes in exchange rates. In addition, much of the evidence on this subject …
Persistent link: https://www.econbiz.de/10011277111
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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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To What Extent Do Exchange Rates and their Volatility Affect Trade?
Huchet-Bourdon, Marilyne; Korinek, Jane - Trade and Agriculture Directorate, Organisation de … - 2011
Trade deficits and surpluses are sometimes attributed to intentionally low or high exchange rate levels. The impact of … exchange rate levels on trade has been much debated but the large body of existing empirical literature does not suggest an … unequivocally clear picture of the trade impacts of changes in exchange rates. The impact of exchange rate volatility on trade also …
Persistent link: https://www.econbiz.de/10009320172
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The Global Financial Crisis; Explaining Cross-Country Differences in the Output Impact
Gelos, Gaston; Rennhack, Robert; Walsh, James P; … - International Monetary Fund (IMF) - 2009
to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of … developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing …
Persistent link: https://www.econbiz.de/10008561079
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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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Predicting Emerging Market Currency Crashes
Perraudin, W. R. M.; Kumar, Manmohan S.; Moorthy, Uma - International Monetary Fund (IMF) - 2002
This paper assesses the extent to which crashes in emerging market currencies are predictable using simple logit models based on lagged macroeconomic and financial data. To evaluate our model, we calculate trading strategies in which an investor goes long or short in the currency depending on...
Persistent link: https://www.econbiz.de/10005825803
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Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy
Turnovsky, Stephen J.; Tekin, Serpil; Cerra, Valerie - International Monetary Fund (IMF) - 2008
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because...
Persistent link: https://www.econbiz.de/10005825842
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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