5 Exchange Rate Volatility and Reserves Transparency
Author:
Mr. William E. Alexander
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,
Mr. John Cady
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, and
Mr. Jesus R Gonzalez-Garcia
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Language:
English
Print Publication Date:
10 Mar 2008
Keywords:
BOOK; market efficiency benefit; template data dissemination; reserves template; liquidity data template; nominal exchange rate volatility; template adoption; Exchange rates; Foreign currency liquidity; Special Data Dissemination Standard (SDDS); Data dissemination; Debt burden; Africa

Abstract

The financial crises of the 1990s revealed a need for the dissemination of more comprehensive data on foreign currency liquidity positions to help prevent similar crises. In 1998, the IMF began working on initiatives in this area in collaboration with working groups of the Group of Ten (G-10) and the Group of 22 (G-22). The resulting international reserves and foreign currency liquidity data template (reserves template) became a prescribed element of the IMF’s Special Data Dissemination Standard (SDDS). Data reporting under this initiative began in June 1999, and after a short transition period, SDDS subscribers were required to observe the standard as of April 2000.

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Cover The IMF's Data Dissemination Initiative After Ten Years
The IMF's Data Dissemination Initiative After Ten Years
ISBN:
9781589067004
Publication Date:
10 Mar 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589067004.071
Pages:
136