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Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate

Combes, Jean-Louis; Plane, Patrick; Kinda, Tidiane - International Monetary Fund (IMF) - 2011

This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation. Among private flows,...

Persistent link: https://www.econbiz.de/10008839334

Monetary Independence in Emerging Markets; Does the Exchange Rate Regime Make a Difference?

Philippon, Thomas; Zettelmeyer, Jeromin; Borensztein, … - International Monetary Fund (IMF) - 2001

This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different exchange rate regimes. Consistent with conventional priors, the results indicate that interest...

Persistent link: https://www.econbiz.de/10005825800

Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries-A Cross Regional Perspective

Ötker, Inci; Vávra, David; Vázquez, Francisco F.; … - International Monetary Fund (IMF) - 2009

This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated … with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of … of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and …

Persistent link: https://www.econbiz.de/10005264056

Inflation Targeting in Dollarized Economies

Leiderman, Leonardo; Maino, Rodolfo; Parrado, Eric - International Monetary Fund (IMF) - 2006

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market … impact on real and financial sectors, it does not preclude the use of inflation targeting as a policy regime. …

Persistent link: https://www.econbiz.de/10005599767

Russian Federation: Selected Issues

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility …

Persistent link: https://www.econbiz.de/10011245826

Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants

International Monetary Fund (IMF); International … - 2012

exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …

Persistent link: https://www.econbiz.de/10010790331

Exchange Rates and Economic Fundamentals; A Framework for Analysis

Symansky, Steven A.; Clark, Peter B.; Bartolini, Leonardo; … - International Monetary Fund (IMF) - 1994

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals.

Persistent link: https://www.econbiz.de/10005824872

Exchange Rate Policy and Debt Crises in Emerging Economies

Montiel, Peter; Jahjah, Samir - International Monetary Fund (IMF) - 2003

We explore a model intended to capture the interaction between exchange rate policy, fiscal policy, and outright default on foreign-currency denominated debt. We examine how the exchange rate affects the supply of short-term debt facing the government. We show that under a credible hard peg...

Persistent link: https://www.econbiz.de/10005826111

Exchange Rate Regimes and the Stability of the International Monetary System

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

the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative …

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

Fundamentals At Odds? T+L4130he U.S. Current Account Deficit and the Dollar

Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2008

The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further...

Persistent link: https://www.econbiz.de/10005263821