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Towards an Expanded Role for Asian Currencies : Issues and Prospects
Chow, Hwee Kwan - East Asian Bureau of Economic Research (EABER) - 2011
currencies seem to matter for exchange rate determination in Asia beyond the very short term. To this end, we employ country …, and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …
Persistent link: https://www.econbiz.de/10009653196
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Towards an Expanded Role for Asian Currencies : Issues and Prospects
Chow, Hwee Kwan - East Asian Bureau of Economic Research (EABER) - 2011
currencies seem to matter for exchange rate determination in Asia beyond the very short term. To this end, we employ country …, and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …
Persistent link: https://www.econbiz.de/10009653216
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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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Burundi; 2003 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility—Staff Report; Staff Statement; Public Information Not...
International Monetary Fund (IMF); International … - 2004
Burundi has made much progress since the signing of the Arusha peace and reconciliation agreement. The handling of the economy has been highly competent considering the inordinate difficulties faced by Burundi in recent years. The bank of the Republic of Burundi has made progress in the...
Persistent link: https://www.econbiz.de/10005768405
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Exchange Rate Fluctuations and Output in Oil-Producing Countries; The Case of Iran
Kandil, Magda E.; Bahmani-Oskooee, Mohsen - International Monetary Fund (IMF) - 2007
Conventional wisdom states that currency depreciation in oil-producing countries are contractionary because demand effects, limited by the prevalence of oil exports priced in dollars, are more than offset by adverse supply effects. Iran, however, has experienced a rapid increase in non-oil...
Persistent link: https://www.econbiz.de/10005768828
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The Asymmetric Effects of Exchange Rate Fluctuations; Theory and Evidence From Developing Countries
Kandil, Magda E. - International Monetary Fund (IMF) - 2000
The paper examines the asymmetric effects of exchange rate fluctuations on real output and price in developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations determine aggregate demand...
Persistent link: https://www.econbiz.de/10005769134
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The Effects of Exchange Rate Fluctuationson Output and Prices; Evidence From Developing Countries
Kandil, Magda E.; Mirzaie, Ida Aghdas - International Monetary Fund (IMF) - 2003
The paper examines the effects of exchange rate fluctuations on real output and the price level in a sample of 33 developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations help to...
Persistent link: https://www.econbiz.de/10005769253
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The Influence of "Big Brothers:" How Important Are Regional Factors for Uruguay?
Sosa, Sebastian - International Monetary Fund (IMF) - 2010
This paper examines the role played by regional factors in Uruguay, identifies the sources and transmission mechanisms of shocks stemming from the region, and assesses how vulnerable Uruguay is to a potential crisis in the region. Using a VAR model with block exogeneity restrictions, it finds...
Persistent link: https://www.econbiz.de/10008519488
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Are Pegged and Intermediate Regimes More Crisis Prone?
Bubula, Andrea; Ötker, Inci - International Monetary Fund (IMF) - 2003
This paper provides evidence on the susceptibility of different types of exchange rate regimes to currency crises during 1990-2001. It explores the incidence of crises, identified as episodes of severe exchange market pressure, to seek evidence on whether pegged regimes are more crisis prone...
Persistent link: https://www.econbiz.de/10005604829
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Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime; The Case of the Islamic Republic of Iran
International Monetary Fund (IMF); International … - 1999
This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after unification. The study illustrates how economic...
Persistent link: https://www.econbiz.de/10005605085