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Chapter 19. Trade Evolution and Policy Challenges

Chapter 19. Trade Evolution and Policy Challenges »

Source: Peru : Staying the Course of Economic Success

Series: Books

Author(s): Alejandro Werner , and Alejandro Santos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

ISBN: 9781513599748

Keywords: exchange, tax, investment, exchange rate, foreign exchange

Peru has been experiencing high and stable economic growth since the mid-2000s, largely underpinned by prudent macroeconomic management and favorable terms of trade. Buoyant commodity prices, es...

Chapter 7. What Is Driving Financial Dedollarization in Latin America?

Chapter 7. What Is Driving Financial Dedollarization in Latin America? »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

Financial dollarization—the process in which a large share of residents’ assets and liabilities are denominated in U.S. dollars—has been a distinguishing feature of the banking sect...

Chapter 1. Worrying about Currency Appreciation? The Missing Link between Dutch Disease and Growth

Chapter 1. Worrying about Currency Appreciation? The Missing Link between Dutch Disease and Growth »

Source: Managing Economic Volatility in Latin America

Series: Books

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2014

ISBN: 9781484364987

Keywords: exchange rate, public debt, inflation, current account, dutch disease

In response to expansionary monetary policy in advanced economies following the 2008–09 global financial crisis, interest rate differentials have triggered a surge in capital inflows to emerging market count...

The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies

The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies »

Source: The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies

Volume/Issue: 2000/29

Series: IMF Working Papers

Author(s): Eduardo Borensztein , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2000

ISBN: 9781451844795

Keywords: exchange rates, financial programming, money demand, exchange rate, inflation, monetary aggregates

We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information content of various monetary aggregates in developing countries. We conclude that a high degree...

Cluster Report

Cluster Report »

Source: Cluster Report : Trade Integration in Latin America and the Caribbean

Volume/Issue: 2017/66

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2017

ISBN: 9781475586015

Keywords: Puerto Rico, Suriname, Peru, Trinidad and Tobago, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica

This Cluster Report explores opportunities for trade integration in the Latin America and the Caribbean region. It finds that the region can reap significant growth benefits from further trade integration. With tra...

Credit Expansion and the Macroprudential Policy Function in Russia1

Credit Expansion and the Macroprudential Policy Function in Russia1 »

Source: Russian Federation : Selected Issues

Volume/Issue: 2013/311

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2013

ISBN: 9781484343470

Keywords: exchange rate, exchange rate volatility, exchange rate regime, exchange rates, exchange rate regimes, Exchange rate regimes],

This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility in Russian Federation. Russia has seen an increase in exchange rate volatility during the past...

Currency Substitution and Inflation in Peru

Currency Substitution and Inflation in Peru »

Source: Currency Substitution and Inflation in Peru

Volume/Issue: 1992/33

Series: IMF Working Papers

Author(s): Liliana Rojas-Suárez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1992

ISBN: 9781451979206

Keywords: exchange rate, inflation rate, monetary policy

This paper shows that there is a long-run relationship between the expected rate of depreciation in the black-market-exchange rate and the ratio of domestic to foreign money in Peru; that is, the hypothesis of curr...

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...

13 Discussant paper Comment on “Should Financial Stability Be an Explicit Central Bank Objective?”

13 Discussant paper Comment on “Should Financial Stability Be an Explicit Central Bank Objective?” »

Source: Challenges to Central Banking from Globalized Financial Systems

Series: Seminar Volumes

Author(s): Andrea Schaechter , Piero Ugolini , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2004

ISBN: 9781589062177

Keywords: inflation, monetary policy, central bank, financial stability, foreign currency

Introduction “Should financial stability be an ‘explicit’ central bank objective?” This question looks simple if considered strictly from the point of view of existing or suitable in...

11 Discussant paper Comment on “The Central Bank’s Role in Debt and Reserve Management”

11 Discussant paper Comment on “The Central Bank’s Role in Debt and Reserve Management” »

Source: Challenges to Central Banking from Globalized Financial Systems

Series: Seminar Volumes

Author(s): Andrea Schaechter , Piero Ugolini , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2004

ISBN: 9781589062177

Keywords: inflation, monetary policy, central bank, financial stability, foreign currency

Hugo Frey Jensen’s paper provides an interesting description of the Danish system. I knew very little about Danish arrangements until I read the paper, so my own contribution focuse...