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DTS, monnaies et or
			: Sixième exposé sur les changements intervenus dans le domaine juridique

DTS, monnaies et or : Sixième exposé sur les changements intervenus dans le domaine juridique »

Series: Pamphlet Series

Author(s): Joseph Gold

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1983

Language: French

DOI: http://dx.doi.org/10.5089/9781451980516.054

ISBN: 9781451980516

Keywords: gold, exchange rates, court, multiple currency practices, exchange rate, courts, conventions, claims, exchange transactions, claim

This paper presents the sixth survey of developments in international and national monetary law and practice involving special drawing rights (SDRs), currencies, and gold. The paper highlights that a member's curre...

Prudential Responses to De Facto Dollarization

Prudential Responses to De Facto Dollarization »

Source: Prudential Responses to De Facto Dollarization

Volume/Issue: 2004/66

Series: IMF Working Papers

Author(s): Alain Ize , and Andrew Powell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2004

ISBN: 9781451848823

Keywords: currency risk, moral hazard, credit risk, risk aversion, capital requirements,

We develop a theoretical framework that encompasses four distinct motives for dollarization and discuss appropriate policy responses to help contain dollarization and its attendant risks. "Moral hazard" dollarizati...

Mexico'S Currency Risk Premia in 1992-1994

Mexico'S Currency Risk Premia in 1992-1994 »

Source: Mexico'S Currency Risk Premia in 1992-1994 : A Closer Look At the Interest Rate Differentials

Volume/Issue: 1996/41

Series: IMF Working Papers

Author(s): Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1996

ISBN: 9781451846058

Keywords: exchange rate, equation, currency risk, survey, correlation

This paper studies the behavior of interest rate differentials in Mexico during the 1992-94 period. It shows that the currency risk premia is positively related to the share of peso denominated debt in total debt a...

Determinants of Foreign Currency Borrowing in the New Member States of the EU

Determinants of Foreign Currency Borrowing in the New Member States of the EU »

Source: Determinants of Foreign Currency Borrowing in the New Member States of the EU

Volume/Issue: 2008/173

Series: IMF Working Papers

Author(s): Christoph Rosenberg , and Marcel Tirpák

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870312

Keywords: Foreign currency borrowing, new EU member states, foreign currency, exchange rate, foreign exchange, inflation, currency risk,

The paper investigates the determinants of foreign currency borrowing by the private sector in the new member states of the European Union. We find that striking differences in patterns of foreign currency borrowin...

A Risk-Based Debt Sustainability Framework

A Risk-Based Debt Sustainability Framework »

Source: A Risk-Based Debt Sustainability Framework : Incorporating Balance Sheets and Uncertainty

Volume/Issue: 2008/40

Series: IMF Working Papers

Author(s): Dale Gray , Elena Loukoianova , Samuel Malone , and Cheng Lim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869026

Keywords: Contingent Claims, currency debt, foreign currency, foreign currency debt, risk premium,

This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a quantitative risk-based mode...

The Mexican Peso Crisis

The Mexican Peso Crisis »

Source: The Mexican Peso Crisis : Overview and Analysis of Credibility Factors

Volume/Issue: 1996/6

Series: IMF Working Papers

Author(s): Paul Masson , and Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451929096

Keywords: exchange rate, probability, equation, real exchange rate, currency risk

This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness t...

Spain

Spain »

Source: Spain : Unemployment, Debt Management, and Interest Rate Differentials

Volume/Issue: 1995/107

Series: IMF Working Papers

Author(s): Gustavo Cañonero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451946819

Keywords: exchange rate, debt management, debt maturity, currency risk, public debt

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

The Behavior of Currencies during Risk-off Episodes1

The Behavior of Currencies during Risk-off Episodes1 »

Source: The Behavior of Currencies during Risk-off Episodes

Volume/Issue: 2013/8

Series: IMF Working Papers

Author(s): Reinout De Bock , and Irineu de Carvalho Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2013

ISBN: 9781557755308

Keywords: Risk-off episodes, safe haven currencies, exchange rate, currency markets, capital flows, global financial crisis,

Episodes of increased global risk aversion, also known as risk-off episodes, have become more frequent and severe since 2007. During these episodes, currency markets exhibit recurrent patterns, as the Japanese yen,...

Currency Hedging for International Portfolios

Currency Hedging for International Portfolios »

Source: Currency Hedging for International Portfolios

Volume/Issue: 2010/151

Series: IMF Working Papers

Author(s): Jochen M. Schmittmann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201341

Keywords: Currency hedging, international investments, currency risk, hedging, hedge, bond, stock market,

This paper examines the benefits from hedging the currency exposure of international investments in single- and multi-country equity and bond portfolios from the perspectives of German, Japanese, British and Americ...

The Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank »

Source: The Eastern Caribbean Central Bank : Challenges to an Effective Lender of Last Resort

Volume/Issue: 2008/214

Series: IMF Working Papers

Author(s): Pablo Druck , and Mario Dehesa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870725

Keywords: Lender of last resort, liquidity assistance, exchange rate risk, veto power, ECCB, central bank, exchange rate, currency boards, currency board

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the the...