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Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of total trade. This sector also absorbs a chunk of manpower, especially in export-oriented industries and reduces the employment burden on other non-services sectors. In this...
Persistent link: https://www.econbiz.de/10010669664
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This paper investigates the PPP and UIP conditions by taking into account possible nonlinearities as well as the role … follows. First, the nonlinear specification provides much stronger evidence for the PPP and UIP conditions, the estimated … exchange rate from the PPP- and UIP-implied equilibrium. …
Persistent link: https://www.econbiz.de/10012491545
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), and the Uncovered Interest Parity (UIP) model. The widely used log–log form in the PPP model with the relative PPI can … Parity (PPP) model using the relative Producer Price Index (PPI), the PPP model using the relative Consumer Price Index (CPI …
Persistent link: https://www.econbiz.de/10008538679
), and the Uncovered Interest Parity (UIP) model. The widely used log?log form in the PPP model with the relative PPI can be … Parity (PPP) model using the relative Producer Price Index (PPI), the PPP model using the relative Consumer Price Index (CPI …
Persistent link: https://www.econbiz.de/10005048899
This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Georgia. The strategy remains appropriate, and program targets for 2010 are in line with those presented at the Third Review. Fiscal policy will transition from an expansionary stance in 2009 to a path of...
Persistent link: https://www.econbiz.de/10011245583
This paper discusses the request from Costa Rica for a Stand-By Arrangement (SBA). The program seeks to enable an orderly adjustment of the Costa Rican economy to an adverse external environment, while mitigating its adverse effects on growth and household incomes. To strengthen the external...
Persistent link: https://www.econbiz.de/10011245783
This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility in Russian Federation. Russia has seen an increase in exchange rate volatility during the past few years compared with the period before the global financial crisis, as the...
Persistent link: https://www.econbiz.de/10011245826
Based on evidence obtained from the IMF's 2001 Survey on Foreign Exchange Market Organization, the author argues that, for several reasons, some central banks in developing and transition economies may be able to conduct foreign exchange intervention more effectively than the central banks of...
Persistent link: https://www.econbiz.de/10005263900