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Private Sector Development in State-Dominated Economies

Private Sector Development in State-Dominated Economies »

Source: Private Sector Development in State-Dominated Economies

Volume/Issue: 1992/79

Series: IMF Working Papers

Author(s): Aasim Husain

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1992

ISBN: 9781451850154

Keywords: private firms, exchange rate, real exchange rate, real exchange rate depreciation, exchange rate depreciation

The development of a competitive private sector is widely viewed as a central element in the economic transformation of central and eastern Europe. Despite significant reforms in these economies, however, state ent...

Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis

Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis »

Source: Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis : Evidence From Uruguay

Volume/Issue: 1995/99

Series: IMF Working Papers

Author(s): Carlos Végh Gramont , and Willy Hoffmaister

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1995

ISBN: 9781451852219

Keywords: Economic stabilization, Uruguay, exchange rate, inflation, money growth, real exchange rate, exchange rate depreciation

Both analytical models and casual empiricism suggest that the timing of the recessionary costs associated with inflation stabilization in chronic inflation countries may depend on the nominal anchor which is used....

Financial Versus Monetary Mercantilism

Financial Versus Monetary Mercantilism »

Source: Financial Versus Monetary Mercantilism : Long-Run View of Large International Reserves Hoarding

Volume/Issue: 2006/280

Series: IMF Working Papers

Author(s): Jaewoo Lee , and Joshua Aizenman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2006

ISBN: 9781451865400

Keywords: competitive real depreciations, self insurance, precautionary hoarding, hoarding, international reserves, financial sector, financial fragility, Economic Growth of Open Economies,

The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism-hoarding international reserves in order to improve competi...

Facing the Tides

Facing the Tides »

Source: Facing the Tides : Managing Capital Flows in Asia

Volume/Issue: 2019/17

Series: Departmental Papers / Policy Papers

Author(s): Harald Finger , and Pablo Lopez Murphy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2019

ISBN: 9781513512334

Keywords: Exchange rate policy, Real effective exchange rates, Balance of payments, Exchange markets, Balance of payments statistics, DPPP, capital flow, capital inflow, output gap, inflow

This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that...

The Turning Tide: How Vulnerable are Asian Corporates?

The Turning Tide: How Vulnerable are Asian Corporates? »

Source: The Turning Tide: How Vulnerable are Asian Corporates?

Volume/Issue: 2019/93

Series: IMF Working Papers

Author(s): Bo Jiang , and Tahsin Saadi Sedik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2019

ISBN: 9781498311502

Keywords: Nominal effective exchange rate, Real effective exchange rates, Exchange rate policy, Real exchange rates, Exchange rate adjustments, Asian Emerging Markets, Corporate Debt, Corporate Distress, Global Finacnial Conditions, Exchange Rate Depreciation.

Using a new firm-level dataset with comprehensive information on Asian firms' FX liabilities, we show that Asia's nonfinancial corporate sector is vulnerable to a tightening of global financial conditions. Higher g...

Emerging Markets Crisis

Emerging Markets Crisis »

Source: Emerging Markets Crisis : An Asset Markets Perspective

Volume/Issue: 1999/129

Series: IMF Working Papers

Author(s): Arvind Krishnamurthy , and Ricardo Caballero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1999

ISBN: 9781451855098

Keywords: Capital flows, fire sales, financial constraints, contractual and corporate governance problems, balance sheets, wasted collateral, domestic and foreign spreads, excessive leverage, collateral underprovision, real depreciation

The entire difference between a mild downturn and a devastating crisis is the occurrence of sharp fire sales of domestic assets and possibly foreign exchange and the ensuing collapse in the balance sheets of both t...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2014/34

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2014

ISBN: 9781475525984

Keywords: Exchange rate depreciation, Algeria, Real effective exchange rates, Selected issues, Monetary policy, Nonoil sector, Monetary transmission mechanism, Fiscal policy, Global competitiveness, Hydrocarbons

This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability a...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2014/34

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2014

ISBN: 9781475525984

Keywords: Exchange rate depreciation, Algeria, Real effective exchange rates, Selected issues, Monetary policy, Nonoil sector, Monetary transmission mechanism, Fiscal policy, Global competitiveness, Hydrocarbons

This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability a...

Algeria: Selected Issues

Algeria: Selected Issues »

Source: Algeria : Selected Issues

Volume/Issue: 2014/34

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2014

ISBN: 9781475525984

Keywords: Exchange rate depreciation, Algeria, Real effective exchange rates, Selected issues, Monetary policy, Nonoil sector, Monetary transmission mechanism, Fiscal policy, Global competitiveness, Hydrocarbons

This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability a...

Information Note on Modifications to the Fund's Debt Sustainability Assessment Framework for Market Access Countries

Information Note on Modifications to the Fund's Debt Sustainability Assessment Framework for Market Access Countries »

Source: Information Note on Modifications to the Fund's Debt Sustainability Assessment Framework for Market Access Countries

Volume/Issue: 2005/006

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 January 2005

ISBN: 9781498331418

Keywords: Access to foreign markets, Debt, Fund-supported adjustment programs, Real interest rates, Exchange rate policy, Exchange rate depreciation, Exchange rate adjustments, Interest rates, Low income developing countries, PP

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