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Sticky Exchange Rates and Flexible Prices

Sticky Exchange Rates and Flexible Prices »

Source: Sticky Exchange Rates and Flexible Prices : A Heretic View From the Interwar Period

Volume/Issue: 1991/124

Series: IMF Working Papers

Author(s): Anne Gulde , and Holger Wolf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1991

ISBN: 9781451937855

Keywords: exchange rates, exchange rate, real exchange rate, exchange rate variability, flexible exchange rates

Real exchange rate variability tends to be higher under flexible than under fixed exchange rates. The neokeynesian view attributes the higher variability to the combination of volatile nominal exchange rates with s...

Trade and Investment Performance Under Floating Exchange Rates

Trade and Investment Performance Under Floating Exchange Rates »

Source: Trade and Investment Performance Under Floating Exchange Rates : The U.S. Experience

Volume/Issue: 1988/37

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 1988

ISBN: 9781451977707

Keywords: exchange rate, exchange rates, exchange rate volatility, exchange rate variability, foreign exchange

Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured b...

Uncertainty, Flexible Exchange Rates, and Agglomeration*

Uncertainty, Flexible Exchange Rates, and Agglomeration* »

Source: Uncertainty, Flexible Exchange Rates, and Agglomeration

Volume/Issue: 1998/9

Series: IMF Working Papers

Author(s): Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1998

ISBN: 9781451927351

Keywords: Flexible exchange rates, Agglomeration, Two-stage EMU, exchange rate, exchange rate variability, economic geography, exchange rates

This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms...

The Suitability of ASEAN for a Regional Currency Arrangement1

The Suitability of ASEAN for a Regional Currency Arrangement1 »

Source: The Suitability of ASEAN for a Regional Currency Arrangement

Volume/Issue: 1999/162

Series: IMF Working Papers

Author(s): Paolo Mauro , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451857856

Keywords: ASEAN, EMU, exchange rates, exchange rate, regional trade, exchange rate variability, economic integration

This paper examines the costs, benefits, preconditions, and implications of an Association of Southeast Asian Nations (ASEAN) regional currency arrangement that is assumed to culminate in a regional currency. On ec...

Limiting Currency Volatility to Stimulate Goods Market Integration

Limiting Currency Volatility to Stimulate Goods Market Integration »

Source: Limiting Currency Volatility to Stimulate Goods Market Integration : A Price-Based Approach

Volume/Issue: 2001/197

Series: IMF Working Papers

Author(s): David Parsley , and Shang-Jin Wei

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

ISBN: 9781451860016

Keywords: currency union, market integration, exchange rate, exchange rate variability, nominal exchange rate, exchange rate volatility, International Monetary Arrangements and Institutions,

This paper studies the effect of instrumental and institutional stabilization of exchange rate volatility on the integration of goods markets. Rather than using data on volume of trade, this paper employs a 3-dimen...

The Long-Run Behavior of Commodity Prices

The Long-Run Behavior of Commodity Prices »

Source: The Long-Run Behavior of Commodity Prices : Small Trends and Big Variability

Volume/Issue: 2001/68

Series: IMF Working Papers

Author(s): Paul Cashin , and C. McDermott

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2001

ISBN: 9781451848991

Keywords: trends, cycles, variability, exchange rate regimes, terms of trade, exchange rate regime, exporting countries,

Using the longest dataset publicly available (The Economist's index of industrial commodity prices), we analyze the behavior of real commodity prices over the period 1862-99, and have two main findings. First, whil...

Exchange Rate Volatility and Trade Flows--Some New Evidence

Exchange Rate Volatility and Trade Flows--Some New Evidence »

Source: Exchange Rate Volatility and Trade Flows--Some New Evidence

Volume/Issue: 2004/023

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2004

ISBN: 9781498330282

Keywords: Economic models, Exchange rate variability, International trade, Real effective exchange rates, Nominal effective exchange rate, International monetary system, Exchange rate shocks, Flexible exchange rates, volatility, country group

...

External Review of the Quota Formulas - Statistical Appendix (Part A)

External Review of the Quota Formulas - Statistical Appendix (Part A) »

Source: External Review of the Quota Formulas - Statistical Appendix (Part A)

Volume/Issue: 2000/001

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 January 2000

ISBN: 9781498327282

Keywords: Quota formulas, Balance of payments, Real effective exchange rates, Financial statistics, External debt, Exchange rate variability, PP, current payment, move average, SDRs

...

Enhancing International Monetary Stability--A Role for the SDR?

Enhancing International Monetary Stability--A Role for the SDR? »

Source: Enhancing International Monetary Stability--A Role for the SDR?

Volume/Issue: 2011/047

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781498339483

Keywords: Basket of currencies composition, Exchange rate stability, Exchange rate variability, International monetary system, Reserve assets, Reserves accumulation, SDR role, SDR valuation basket, SDRs, Freely usable currencies

The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts-(i) a composite reserve asset cre...

Sticky Exchange Rates and Flexible Prices
			: A Heretic View From the Interwar Period

Sticky Exchange Rates and Flexible Prices : A Heretic View From the Interwar Period »

Volume/Issue: 1991/124

Series: IMF Working Papers

Author(s): Anne Gulde , and Holger Wolf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1991

DOI: http://dx.doi.org/10.5089/9781451937855.001

ISBN: 9781451937855

Keywords: exchange rates, exchange rate, real exchange rate, exchange rate variability, flexible exchange rates

Real exchange rate variability tends to be higher under flexible than under fixed exchange rates. The neokeynesian view attributes the higher variability to the combination of volatile nominal exchange rates with s...