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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 examinesâ€”among other thingsâ€”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

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

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 permission to do so). For most of these countries, adopting the euro … convergence with the rest of the euro area. …

Persistent link: https://www.econbiz.de/10005767345

Exchange Rate Regimes and the Stability of the International Monetary System

Ghosh, Atish R.; Ostry, Jonathan David; Tsangarides, … - International Monetary Fund (IMF) - 2011

The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and...

Persistent link: https://www.econbiz.de/10010790495

China's Growth and Integration into the World Economy; Prospects and Challenges

Prasad, Eswar - International Monetary Fund (IMF) - 2004

Chinaâ€™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 Chinaâ€™s...

Persistent link: https://www.econbiz.de/10005252521

A New Look at Exchange Rate Volatility and Trade Flows

Clark, Peter B.; Wei, Shang-Jin; Tamirisa, Natalia T.; … - International Monetary Fund (IMF) - 2004

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s and increasing cross-border capital flows, may have exacerbated exchange rate...

Persistent link: https://www.econbiz.de/10005767343

Exchange Rate Policy in Developing Countries; Some Analytical Issues

Montiel, Peter; Aghevli, Bijan B.; Khan, Mohsin S. - International Monetary Fund (IMF) - 1991

This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.

Persistent link: https://www.econbiz.de/10005767344

A Currency Union for the Caribbean

Worrell, DeLisle - International Monetary Fund (IMF) - 2003

The experiences of Caribbean Economic Community countries show that exchange rate depreciation in these countries is 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...

Persistent link: https://www.econbiz.de/10005599271

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

Exchange Rate Volatility Under Peg; Do Trade Patterns Matter?

Ngouana, Constant Lonkeng - International Monetary Fund (IMF) - 2012

that the nominal effective exchange rate of the union was twice as volatile under the hard peg to the euro as it would have … in WAEMU trade patterns, away from euro area countries and toward the ?"BICs" (Brazil, India, and China). These findings …

Persistent link: https://www.econbiz.de/10011242283

External Performance in Low-Income Countries

Prati, Alessandro; Ricci, Luca Antonio; Christiansen, … - International Monetary Fund (IMF) - 2011

Assessments of exchange rate misalignments and external imbalances for low-income countries are challenging because methodologies developed for advanced and emerging economies cannot be automatically applied to poorer nations. This paper uses a large database, unique in the set of indicators and...

Persistent link: https://www.econbiz.de/10010790491

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