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Assessing Target Zone Credibility

Assessing Target Zone Credibility »

Source: Assessing Target Zone Credibility : Mean Reversion and Devaluation Expectations in the EMS

Volume/Issue: 1991/96

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1991

ISBN: 9781451949964

Keywords: exchange rate, exchange rates, foreign exchange, exchange risk, foreign exchange risk

The paper presents estimates of devaluation expectations for six EMS currencies relative to the Deutsche mark, for the period March 1979-May 1990. The estimation method is simple and operational, and consistently g...

Capital Mobility and Exchange Market Intervention in Developing Countries

Capital Mobility and Exchange Market Intervention in Developing Countries »

Source: Capital Mobility and Exchange Market Intervention in Developing Countries

Volume/Issue: 1996/131

Series: IMF Working Papers

Author(s): Liliana Rojas-Suárez , Donald Mathieson , and Michael Dooley

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

ISBN: 9781451855234

Keywords: capital flows, capital mobility, private capital flows, foreign exchange, capital controls

Official controls on interest rates and capital flows rule out the use of traditional interest rate parity conditions to measure changes in the degree of capital mobility confronting developing countries. This pape...

The Credibility of Nordic Exchange Rate Bands: 1987-1991

The Credibility of Nordic Exchange Rate Bands: 1987-1991 »

Source: The Credibility of Nordic Exchange Rate Bands : 1987-1991

Volume/Issue: 1992/3

Series: IMF Working Papers

Author(s): Sami Geadah , Lars Svensson , and Tapio Saavalainen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

ISBN: 9781451841817

Keywords: exchange rate, exchange rate band, forward exchange, foreign exchange

The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility of Finland’s exchange rate band within a twelve-month ho...

Current Account Surpluses and the Interest Rate Island in Switzerland

Current Account Surpluses and the Interest Rate Island in Switzerland »

Source: Current Account Surpluses and the Interest Rate Island in Switzerland

Volume/Issue: 1995/24

Series: IMF Working Papers

Author(s): Paolo Mauro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1995

ISBN: 9781451844085

Keywords: foreign assets, net foreign assets, foreign currency, foreign exchange, international standards

This paper describes some long-run aspects of the Swiss balance of payments, highlighting two macroeconomic phenomena that make Switzerland stand out among other countries: first, it has had a persistent current ac...

Determinants of the Spread in a Two-Tier Foreign Exchange Market

Determinants of the Spread in a Two-Tier Foreign Exchange Market »

Source: Determinants of the Spread in a Two-Tier Foreign Exchange Market

Volume/Issue: 1988/67

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 1988

ISBN: 9781451961348

Keywords: exchange rates, exchange rate, foreign exchange, exchange markets

The literature on two-tier foreign exchange markets has concentrated on relating various shocks to the spread between the exchange rates relevant to the two tiers of the exchange market. In some earlier work we fou...

Equilibrium Exchange Rates

Equilibrium Exchange Rates »

Source: Equilibrium Exchange Rates : Assessment Methodologies

Volume/Issue: 2007/296

Series: IMF Working Papers

Author(s): Peter Isard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868593

Keywords: Equilibrium exchange rates, exchange rates, exchange rate, real exchange rate, real exchange rates, foreign exchange,

The paper describes six different methodologies that have been used to assess the equilibrium values of exchange rates and discusses their limitations. It applies several of the approaches to data for the United St...

Floating Exchange Rates in Africa

Floating Exchange Rates in Africa »

Source: Floating Exchange Rates in Africa

Volume/Issue: 1988/47

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 1988

ISBN: 9781451972719

Keywords: exchange rates, foreign exchange, exchange rate, exchange markets, floating exchange rate

The paper examines the experiences of nine African countries that have introduced floating exchange rate regimes in the 1980s. The various types of market arrangements are explored, focusing on the roles of market...

Mexico
			: Selected Issues

Mexico : Selected Issues »

Volume/Issue: 2012/317

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 November 2012

DOI: http://dx.doi.org/10.5089/9781475543551.002

ISBN: 9781475543551

Keywords: foreign exchange, fdi, foreign assets, foreign liabilities, financial integration

Mexico is an open economy with strong real and financial links to the rest of the world with risks of spillovers from global turbulence. Recent gains in market share in the U.S. manufacturing market are owed to imp...

Uncovered Interest Parity

Uncovered Interest Parity »

Volume/Issue: 2006/96

Series: IMF Working Papers

Author(s): Peter Isard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2006

DOI: http://dx.doi.org/10.5089/9781451863567.001

ISBN: 9781451863567

Keywords: unbiasedness hypothesis, exchange risk premium, exchange rate, foreign exchange, exchange rate expectations, spot exchange rate, Open Economy Macroeconomics,

This paper provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and dis...

Assessing Target Zone Credibility
			: Mean Reversion and Devaluation Expectations in the EMS

Assessing Target Zone Credibility : Mean Reversion and Devaluation Expectations in the EMS »

Volume/Issue: 1991/96

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1991

DOI: http://dx.doi.org/10.5089/9781451949964.001

ISBN: 9781451949964

Keywords: exchange rate, exchange rates, foreign exchange, exchange risk, foreign exchange risk

The paper presents estimates of devaluation expectations for six EMS currencies relative to the Deutsche mark, for the period March 1979-May 1990. The estimation method is simple and operational, and consistently g...