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Exchange Rate Policy and Liability Dollarization

Exchange Rate Policy and Liability Dollarization »

Source: Exchange Rate Policy and Liability Dollarization : An Empirical Study

Volume/Issue: 2007/33

Series: IMF Working Papers

Author(s): Pelin Berkmen , and Eduardo Cavallo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2007

ISBN: 9781451865974

Keywords: exchange rate policy, exchange rate, foreign currency, inflation, nominal exchange rate

The paper identifies the contemporaneous relationship between exchange rate policy and liability dollarization using three different definitions of dollarization. The presence of endogeneity makes the empirical ide...

Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries

Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries »

Source: Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries

Volume/Issue: 2004/210

Series: IMF Working Papers

Author(s): Zhanwei Yue , and Samir Jahjah

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

ISBN: 9781451874822

Keywords: Sovereign Credit Spreads, Overvaluation, Debt Crises, exchange rate, exchange rate misalignment, bond spreads, bond issue, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

We test the hypothesis of a link between exchange rate policy and sovereign bonds. We analyze the effect of exchange rate policies on supply and credit spreads of sovereign bonds issued by developing countries. An...

Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy

Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy »

Source: Exchange Rate Reform and Structural Disturbances in a Dual Exchange Rate Economy

Volume/Issue: 1988/99

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 November 1988

ISBN: 9781451948752

Keywords: exchange rate, exchange markets, price level, exchange rates, dual exchange rate

This paper analyzes the implications of devaluation and a variety of structural disturbances in a dual exchange rate economy. A key feature of the model developed is its explicit recognition of both private (fraudu...

Exits From Pegged Regimes

Exits From Pegged Regimes »

Source: Exits From Pegged Regimes : An Empirical Analysis

Volume/Issue: 2003/147

Series: IMF Working Papers

Author(s): Inci Ötker , and Rupa Duttagupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856750

Keywords: Pegged exchange rates, floating regimes, determinants of exits, exchange rate, exchange rate regime, exchange rate regimes, trade openness, flexible exchange rate,

Using countries' de facto exchange rate regimes during 1985-2002, this paper analyzes the determinants of exits from pegged regimes, where exits involve shifts to more or less flexible regimes, or adjustments withi...

Factor Reallocation and Growth in Developing Countries

Factor Reallocation and Growth in Developing Countries »

Source: Factor Reallocation and Growth in Developing Countries

Volume/Issue: 2000/94

Series: IMF Working Papers

Author(s): Helene Poirson Ward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451851717

Keywords: Factor reallocation, dualism, growth, labor reallocation, labor productivities, labor productivity, gdp growth

This paper examines the extent to which developing countries benefit from intersectoral factor transfers by specifying the impact and determinants of sectoral changes and of the degree of dualism (or allocation ine...

Financial Integration, Growth, and Volatility

Financial Integration, Growth, and Volatility »

Source: Financial Integration, Growth, and Volatility

Volume/Issue: 2005/67

Series: IMF Working Papers

Author(s): Anne Epaulard , and Aude Pommeret

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

ISBN: 9781451860863

Keywords: Risk-sharing, Endogenous Growth, Stochastic Growth, global financial markets, financial markets, foreign assets, General Aggregative Models: Neoclassical, International Factor Movements and International Business: General, Financial Aspects of Economic Integration, Economic Growth of Open Economies

The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that...

Financial Liberalization and Financial Fragility*

Financial Liberalization and Financial Fragility* »

Source: Financial Liberalization and Financial Fragility

Volume/Issue: 1998/83

Series: IMF Working Papers

Author(s): Enrica Detragiache , and Asli Demirgüç-Kunt

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

ISBN: 9781451850512

Keywords: Financial liberalization, banking crises, financial development, banking, banking crisis, bank assets

A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the ru...

Fiscal Dimensions of Trade Policy*/

Fiscal Dimensions of Trade Policy*/ »

Source: Fiscal Dimensions of Trade Policy

Volume/Issue: 1988/43

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 1988

ISBN: 9781451974935

Keywords: trade taxes, export taxes, import taxes, domestic taxes, tariff structure

This paper assembles findings on the use of trade taxes, examines the main contributing factors, and reviews the fiscal aspects of trade policy as they relate to both efficiency and macroeconomic stabilization. It...

Fiscal Implications of Multilateral Tariff Cuts

Fiscal Implications of Multilateral Tariff Cuts »

Source: Fiscal Implications of Multilateral Tariff Cuts

Volume/Issue: 2006/203

Series: IMF Working Papers

Author(s): Azim Sadikov , Hans Lankes , Dustin Smith , Katrin Elborgh-Woytek , and Jean-Jacques Hallaert

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2006

ISBN: 9781451864632

Keywords: Doha Round, trade policy, trade liberalization, tariff revenue, tariff cuts, tariff lines, Trade Policy. Doha Round,

The paper contributes to the discussion about the revenue implications of trade reform by assessing the approximate fiscal revenue impact of different liberalization formulae under consideration in multilateral tra...

Fiscal Policy and Financial Markets

Fiscal Policy and Financial Markets »

Source: Fiscal Policy and Financial Markets

Volume/Issue: 2006/16

Series: IMF Working Papers

Author(s): Bernardin Akitoby , and Thomas Stratmann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2006

ISBN: 9781451862768

Keywords: spreads, bond, bonds, fiscal adjustment, fiscal adjustments, Fiscal Policies and Behavior of Economic Agents: Other,

This paper introduces fiscal policy in a model of sovereign risk spreads ("spreads"). Using panel data from emerging market countries, we find that reductions in public expenditure are a more powerful tool for redu...