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Money Shocks in a Small Open Economy with Dollarization, Factor Price Rigidities, and Nontradeables
Sarajevs, Vadims - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2000
The impact of an unanticipated monetary shock in a small open economy with dollarization, factor price rigidities, and … nontradeables is re-examined in an optimizing intertemporal general equilibrium model. The framework of an earlier study is extended … phenomenon of dollarization so characteristic of transition economies. The major finding is that in the event of small monetary …
Persistent link: https://www.econbiz.de/10005648620
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The Dominican Republic; Stabilization, Structural Reform, and Economic Growth
Cardoso, Jaime; Young, Philip M. - International Monetary Fund (IMF) - 2002
Persistent link: https://www.econbiz.de/10005590873
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Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
Quint, Dominic; Rabanal, Pau - International Monetary Fund (IMF) - 2013
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010790358
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Liberia; 2008 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for W...
International Monetary Fund (IMF); International … - 2009
This paper presents the staff report for the combined Liberia’s 2008 Article IV Consultation and the first review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. The international community is supporting the Liberian government’s efforts to reform...
Persistent link: https://www.econbiz.de/10011244653
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El Salvador; 2010 Article IV Consultation and First Review Under the Stand-By Arrangement: Staff Report; Public Information Notice and Press Release on the Executive Board Discussi...
International Monetary Fund (IMF); International … - 2010
The Salvadoran economy was severely affected by the global economic slowdown. Further strengthening the economy’s growth prospects and reducing poverty will depend on a durable fiscal consolidation effort and improvements in the investment climate through continued commitment to...
Persistent link: https://www.econbiz.de/10011245223
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Kingdom of the Netherlands; Curaçao and Saint Maarten: 2011 Article IV Consultation: Staff Report; Informational Annex; and Public Information Notice on the Executive Board Discuss...
International Monetary Fund (IMF); International … - 2011
The two newly autonomous countries within the Kingdom of the Netherlands face substantial challenges. Growth has been low, and unemployment high. The current account deficit has widened to worrisome levels, increasing the vulnerability of the peg to the U.S. dollar and stimulating calls for...
Persistent link: https://www.econbiz.de/10011245227
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Liberia; 2010 Article IV Consultation and Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility-Staff Report; Public Information Notice and Press Release...
International Monetary Fund (IMF); International … - 2010
. The scope for an active monetary policy remains limited owing to high levels of dollarization and the lack of monetary …
Persistent link: https://www.econbiz.de/10011245434
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Uruguay; Request for Stand-By Arrangement—Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay...
International Monetary Fund (IMF); International … - 2005
This paper examines Uruguay’s Request for a Stand-By Arrangement. Although the external current account shifted to a moderate deficit, mainly reflecting the recovery in imports, export performance has been robust, and gross international reserves are now about three-fourths their...
Persistent link: https://www.econbiz.de/10005252958
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Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
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Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy; The Case of Georgia
Billmeier, Andreas; Mathisen, Johan - International Monetary Fund (IMF) - 2006
-high level of dollarization continues to create financial vulnerabilities, but that the overall level of currency mismatch has …
Persistent link: https://www.econbiz.de/10005825889