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The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy

The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy »

Source: The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy : The Case of São Tomé and Príncipe

Volume/Issue: 2008/118

Series: IMF Working Papers

Author(s): Jian-Ye Wang , Nisreen Farhan , Amar Shanghavi , Márcio Ronci , and Misa Takebe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2008

ISBN: 9781451869781

Keywords: Monetary and exchange rate arrangements, small economy, open economy, nominal anchor, peg, currency union, exchange rate, inflation, monetary union, central bank

This paper assesses São Tomé and Príncipe's monetary and exchange rate arrangements in light of the country's monetary history and the relevant experience of comparable countries in Africa. The study highlights sev...

Do Labor Market Rigidities Fulfill Distributive Objectives?: Searching for the Virtues of the European Model

Do Labor Market Rigidities Fulfill Distributive Objectives?: Searching for the Virtues of the European Model »

Source: IMF Staff papers : Volume 41 No. 4

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451930887

Keywords: currency union, exchange rate, exchange rates, exchange rate regime, currency unions

The paper presents a model of optimum currency areas using a general equilibrium approach with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, t...

Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy

Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy »

Source: IMF Staff papers : Volume 41 No. 4

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451930887

Keywords: currency union, exchange rate, exchange rates, exchange rate regime, currency unions

The paper presents a model of optimum currency areas using a general equilibrium approach with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, t...

Fiscal Devaluation in a Monetary Union

Fiscal Devaluation in a Monetary Union »

Source: Fiscal Devaluation in a Monetary Union

Volume/Issue: 2014/201

Series: IMF Working Papers

Author(s): Philipp Engler , Giovanni Ganelli , Juha Tervala , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2014

ISBN: 9781484312131

Keywords: currency union, devaluation, consumption, gdp, exchange, trade balance, Open Economy Macroeconomics,

Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax....

A Formal Model of Optimum Currency Areas

A Formal Model of Optimum Currency Areas »

Source: IMF Staff papers : Volume 41 No. 4

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451930887

Keywords: currency union, exchange rate, exchange rates, exchange rate regime, currency unions

The paper presents a model of optimum currency areas using a general equilibrium approach with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, t...

Framework for the Analysis of Pension and Unemployment Benefit Reform in Poland

Framework for the Analysis of Pension and Unemployment Benefit Reform in Poland »

Source: IMF Staff papers : Volume 41 No. 4

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451930887

Keywords: currency union, exchange rate, exchange rates, exchange rate regime, currency unions

The paper presents a model of optimum currency areas using a general equilibrium approach with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, t...

IMF Papers on Policy Analysis and Assessment

IMF Papers on Policy Analysis and Assessment »

Source: IMF Staff papers : Volume 41 No. 4

Volume: 41

Series: IMF Staff Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1994

ISBN: 9781451930887

Keywords: currency union, exchange rate, exchange rates, exchange rate regime, currency unions

The paper presents a model of optimum currency areas using a general equilibrium approach with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, t...

A Model of an Optimum Currency Area

A Model of an Optimum Currency Area »

Volume/Issue: 1997/76

Series: IMF Working Papers

Author(s): Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

DOI: http://dx.doi.org/10.5089/9781451849837.001

ISBN: 9781451849837

Keywords: Optimum currency areas, cost-benefit analysis, exchange rate regimes, currency union, monetary integration, inflation, exchange rate, monetary shocks, exchange rates, currency areas

This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments su...

Fiscal Devaluation in a Monetary Union

Fiscal Devaluation in a Monetary Union »

Volume/Issue: 2014/201

Series: IMF Working Papers

Author(s): Philipp Engler , Giovanni Ganelli , Juha Tervala , and Simon Voigts

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2014

DOI: http://dx.doi.org/10.5089/9781484312131.001

ISBN: 9781484312131

Keywords: currency union, devaluation, consumption, gdp, exchange, trade balance, Open Economy Macroeconomics,

Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax....

Impact of Intra-European Trade Agreements, 1990-2005
			: Policy Implications for the Western Balkans and Ukraine

Impact of Intra-European Trade Agreements, 1990-2005 : Policy Implications for the Western Balkans and Ukraine »

Volume/Issue: 2007/126

Series: IMF Working Papers

Author(s): Zhaogang Qiao , and Johannes Herderschee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

DOI: http://dx.doi.org/10.5089/9781451866902.001

ISBN: 9781451866902

Keywords: Gravity Model, Customs Union, Currency Union, customs, trade agreement,

The paper provides quantitative estimates of the impact of the European trade agreements on trade flows. It applies both static and dynamic panel estimation techniques. The results are useful to policymakers becaus...