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Spanish Abstract: Desde finales del 2014 hasta enero del 2016 el peso mexicano se ha depreciado un 30 por ciento con respecto a la divisa estadounidense, por lo que se esperaría que en el largo plazo las exportaciones mexicanas sean más atractivas para el mercado de Estados Unidos. No...
Persistent link: https://www.econbiz.de/10012947403
The assessment of external positions and exchange rates is a key mandate of the IMF. This paperpresents the updated External Balance Assessment (EBA) framework-a key input in the conduct ofmultilaterally-consistent external sector assessments of 49 advanced and emerging marketeconomies-following...
Persistent link: https://www.econbiz.de/10012888758
The External Balance Assessment (EBA) methodology has been developed by the IMF's Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing...
Persistent link: https://www.econbiz.de/10013059857
liberalization of both trade and foreign direct investment (FDI) has been an integral part, is of paramount importance. By fostering … impacts (intended or unintended) on the economy, the TPRM can be a catalyst for unilateral reform, including liberalization of … trade and FDI. Although the latter has received added impetus from multilateral liberalization under the auspices of the …
Persistent link: https://www.econbiz.de/10009303992
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...
Persistent link: https://www.econbiz.de/10012864117
This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a large panel of countries. We find that countries with floating exchange rate regimes tend to experience shorter sudden stop episodes and that fixed exchange rate regimes are...
Persistent link: https://www.econbiz.de/10012858389
How does domestic monetary policy in systemic countries spillover to the rest of the world? This paper examines the transmission channel of domestic monetary policy in the cross-border context. We use exogenous shocks to monetary policy in systemically important economies, including the U.S.,...
Persistent link: https://www.econbiz.de/10012858392
We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...
Persistent link: https://www.econbiz.de/10012858394
We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the existing literature. Our findings suggest that the rationale for interventions depends on initial...
Persistent link: https://www.econbiz.de/10012842205
The assessment of external positions and exchange rates of member countries is a key mandate of the IMF. The External Balance Assessment (EBA) methodology has provided the framework for conducting external sector assessments by Fund staff since its introduction in 2012. This paper provides the...
Persistent link: https://www.econbiz.de/10014256592