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Alternative Dual Exchange Market Regimes

Alternative Dual Exchange Market Regimes »

Source: Alternative Dual Exchange Market Regimes : Some Steady State Comparisons

Volume/Issue: 1990/90

Series: IMF Working Papers

Author(s): José Saúl Lizondo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1990

ISBN: 9781451951851

Keywords: exchange rate, foreign exchange, inflation, official exchange rate, real exchange rate

This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank implements a ratio...

Controlling Inflation

Controlling Inflation »

Source: Controlling Inflation : The Problem of Non-Indexed Debt

Volume/Issue: 1988/29

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 1988

ISBN: 9781451980578

Keywords: inflation, nominal interest rate, rate of inflation, price level, monetary balances

We show that the presence of nominal non-indexed government debt could give rise to more than one equilibrium inflation rate. Conditions for this to occur are discussed in terms of ad hoc and micro-founded models....

Currency Substitution

Currency Substitution »

Source: Currency Substitution : The Recent Experience of Bolivia

Volume/Issue: 1992/65

Series: IMF Working Papers

Author(s): Benedict Clements , and Gerd Schwartz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1992

ISBN: 9781451848618

Keywords: foreign currency, inflation, exchange rate, inflation rates

This paper analyzes the determinants of currency substitution in Bolivia in the period following the 1984/85 hyperinflation. We find that expected exchange rate depreciation and actual interest rate differentials b...

Currency Substitution in Developing Countries

Currency Substitution in Developing Countries »

Source: Currency Substitution in Developing Countries : An Introduction

Volume/Issue: 1992/40

Series: IMF Working Papers

Author(s): Guillermo Calvo , and Carlos Végh Gramont

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1992

ISBN: 9781451845884

Keywords: Exchange rates, Developing countries, Currency substitution, Inflation, foreign currency, exchange rate, inflation tax

This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how...

Deficit Limits and Fiscal Rules for Dummies

Deficit Limits and Fiscal Rules for Dummies »

Source: IMF Staff Papers, Volume 54, No. 3

Volume: 54

Series: IMF Staff Papers

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2007

ISBN: 9781589066519

Keywords: inflation, central bank, monetary fund, terms of trade, gdp deflator

This issue features a timely paper by Vladimir Klyuev and Paul Mills on the role of personal wealth and home equity withdrawal in the decline in the U.S. saving rate. Lusine Lusinyan and Leo Bonato explain how work...

The Demand for Money During High Inflation Episodes

The Demand for Money During High Inflation Episodes »

Source: The Demand for Money During High Inflation Episodes : Some Latin American Evidenceon the Cagan Model

Volume/Issue: 1991/48

Series: IMF Working Papers

Author(s): Mark Taylor , and Kate Phylaktis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1991

ISBN: 9781451846683

Keywords: real money, rational expectations, money demand, inflation rate

This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile and Peru during the 1970s and 1980s. We test whether the monetary and inflationary experiences o...

Dollarization in Latin America

Dollarization in Latin America »

Source: Dollarization in Latin America : Gresham's Law in Reverse?

Volume/Issue: 1991/117

Series: IMF Working Papers

Author(s): Pablo Guidotti , and Carlos Rodriguez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1991

ISBN: 9781451941357

Keywords: dollarization, inflation, foreign currency, inflation rate, inflation rates

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...

Dollarization in Latin America

Dollarization in Latin America »

Source: Dollarization in Latin America : Recent Evidence and Some Policy Issues

Volume/Issue: 1996/4

Series: IMF Working Papers

Author(s): Miguel Savastano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451841992

Keywords: dollarization, foreign currency, inflation, high inflation

This paper examines the pattern of dollarization in Latin America, focusing on the experience of five countries (Argentina, Bolivia, Mexico, Peru and Uruguay) during 1970-1993. It presents evidence on the relative...

Economic Growth in Latin America

Economic Growth in Latin America »

Source: Economic Growth in Latin America

Volume/Issue: 1991/71

Series: IMF Working Papers

Author(s): Jose De Gregorio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1991

ISBN: 9781451959758

Keywords: terms of trade, income distribution, per capita income, endogenous growth

This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the sample group than i...

The Effects of Inflationon Economic Growth

The Effects of Inflationon Economic Growth »

Source: The Effects of Inflationon Economic Growth : Lessons From Latin America

Volume/Issue: 1991/95

Series: IMF Working Papers

Author(s): Jose De Gregorio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1991

ISBN: 9781451950304

Keywords: effects of inflation, high inflation, monetary economics, monetary fund

This paper investigates the relationship between inflation and long-run growth. It presents an endogenous growth model that illustrates the channels through which inflation affects growth. The model highlights the...