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Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates »

Source: Exchange Rate Choices of Microstates

Volume/Issue: 2010/12

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

ISBN: 9781451962000

Keywords: Micro-states, Currency board, Fixed exchange rate, Geweke- Hajivassiliou-Keane Multivariate Simulator, exchange rate, inflation, central bank, Geweke-hajivassiliou-keane Multivariate Simulator,

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ab...

Friedman Redux

Friedman Redux »

Source: Friedman Redux : External Adjustment and Exchange Rate Flexibility

Volume/Issue: 2014/146

Series: IMF Working Papers

Author(s): Atish Ghosh , Mahvash Qureshi , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2014

ISBN: 9781498359245

Keywords: external dynamics, exchange rate, exchange rate regime, bilateral exchange rate, exchange rate flexibility, International Monetary Arrangements and Institutions, Open Economy Macroeconomics,

Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or a...

Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates »

Volume/Issue: 2010/12

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

DOI: http://dx.doi.org/10.5089/9781451962000.001

ISBN: 9781451962000

Keywords: Micro-states, Currency board, Fixed exchange rate, Geweke- Hajivassiliou-Keane Multivariate Simulator, exchange rate, inflation, central bank, Geweke-hajivassiliou-keane Multivariate Simulator,

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ab...

Friedman Redux
			: External Adjustment and Exchange Rate Flexibility

Friedman Redux : External Adjustment and Exchange Rate Flexibility »

Volume/Issue: 2014/146

Series: IMF Working Papers

Author(s): Atish Ghosh , Mahvash Qureshi , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2014

DOI: http://dx.doi.org/10.5089/9781498359245.001

ISBN: 9781498359245

Keywords: external dynamics, exchange rate, exchange rate regime, bilateral exchange rate, exchange rate flexibility, International Monetary Arrangements and Institutions, Open Economy Macroeconomics,

Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or a...

Monetary Concepts and Definitions

Monetary Concepts and Definitions »

Volume/Issue: 1989/92

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1989

DOI: http://dx.doi.org/10.5089/9781451951387.001

ISBN: 9781451951387

Keywords: savings deposits, money market, bonds, central bank, monetary aggregates

This paper examines monetary concepts and definitions. It notes that approaches to monetary analysis, and the concept of money itself, have been undergoing substantial change in many countries due in large part to...

Tax Revenue Downturns
			: Anatomy and Links to Imports

Tax Revenue Downturns : Anatomy and Links to Imports »

Volume/Issue: 2010/138

Series: IMF Working Papers

Author(s): Kun Li , and Pablo Lopez Murphy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

DOI: http://dx.doi.org/10.5089/9781455201211.001

ISBN: 9781455201211

Keywords: downturns, tax revenues, fiscal policy, tax policy, tax bases, Structure, Scope, and Performance of Government, Taxation, Subsidies

We study historical tax revenue downturn episodes-where tax revenue-to-GDP ratios decline sharply-and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage p...

The Impact of Foreign Interest Rateson the Economy
			: The Role of the Exchange Rate Regime

The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime »

Volume/Issue: 2006/37

Series: IMF Working Papers

Author(s): Julian Di Giovanni , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2006

DOI: http://dx.doi.org/10.5089/9781451862973.001

ISBN: 9781451862973

Keywords: Exchange rate regime, international transmission, exchange rate, inflation, nominal interest rate, Macroeconomic Aspects Of International Trade And Finance,

This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionar...

The Impact of Foreign Interest Rateson the Economy

The Impact of Foreign Interest Rateson the Economy »

Source: The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime

Volume/Issue: 2006/37

Series: IMF Working Papers

Author(s): Julian Di Giovanni , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2006

ISBN: 9781451862973

Keywords: Exchange rate regime, international transmission, exchange rate, inflation, nominal interest rate, Macroeconomic Aspects Of International Trade And Finance,

This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionar...

Monetary Concepts and Definitions

Monetary Concepts and Definitions »

Source: Monetary Concepts and Definitions

Volume/Issue: 1989/92

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1989

ISBN: 9781451951387

Keywords: savings deposits, money market, bonds, central bank, monetary aggregates

This paper examines monetary concepts and definitions. It notes that approaches to monetary analysis, and the concept of money itself, have been undergoing substantial change in many countries due in large part to...

Tax Revenue Downturns

Tax Revenue Downturns »

Source: Tax Revenue Downturns : Anatomy and Links to Imports

Volume/Issue: 2010/138

Series: IMF Working Papers

Author(s): Kun Li , and Pablo Lopez Murphy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201211

Keywords: downturns, tax revenues, fiscal policy, tax policy, tax bases, Structure, Scope, and Performance of Government, Taxation, Subsidies

We study historical tax revenue downturn episodes-where tax revenue-to-GDP ratios decline sharply-and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage p...