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Adopting Full Dollarization in Postconflict Economies

Adopting Full Dollarization in Postconflict Economies »

Source: Adopting Full Dollarization in Postconflict Economies : Would the Gains Compensate for the Losses in Liberia?

Volume/Issue: 2006/82

Series: IMF Working Papers

Author(s): Liliana Schumacher , and Jiro Honda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2006

ISBN: 9781451863420

Keywords: postconflict economy, exchange rate, exchange rate regimes, exchange rate regime, foreign exchange,

This paper discusses whether adopting the U.S. dollar as the sole legal tender could help Liberia, a postconflict economy, to boost growth and strengthen fiscal discipline. In view of the performance of exchange ra...

Are Emerging Market Countries Learning to Float?

Are Emerging Market Countries Learning to Float? »

Source: Are Emerging Market Countries Learning to Float?

Volume/Issue: 2005/98

Series: IMF Working Papers

Author(s): Dalia Hakura

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

ISBN: 9781451861174

Keywords: Learning to float, monetary and financial policy frameworks, exchange rate, exchange rate regimes, flexible exchange rate, flexible exchange rate regimes, financial liberalization, International Monetary Arrangements and Institutions,

The paper finds that exchange rate flexibility in emerging market countries has increased over the past decade. This "learning to float" appears to have involved a strengthening of monetary and financial policy fra...

Are Pegged and Intermediate Regimes More Crisis Prone?

Are Pegged and Intermediate Regimes More Crisis Prone? »

Source: Are Pegged and Intermediate Regimes More Crisis Prone?

Volume/Issue: 2003/223

Series: IMF Working Papers

Author(s): Andrea Bubula , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2003

ISBN: 9781451875317

Keywords: bipolar view, pegged regimes, soft pegs, floats, intermediate regimes, exchange market pressure, exchange rate, exchange rate regimes, exchange rates, exchange rate regime

This paper provides evidence on the susceptibility of different types of exchange rate regimes to currency crises during 1990-2001. It explores the incidence of crises, identified as episodes of severe exchange mar...

Can Higher Reserves Help Reduce Exchange Rate Volatility?

Can Higher Reserves Help Reduce Exchange Rate Volatility? »

Source: Can Higher Reserves Help Reduce Exchange Rate Volatility?

Volume/Issue: 2004/189

Series: IMF Working Papers

Author(s): M. Nowak , Ketil Hviding , and Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2004

ISBN: 9781451859645

Keywords: Foreign exchange volatility, reserve adequacy, exchange rate, exchange rate volatility, effective exchange rate, exchange rate regime, real effective exchange rate, International Finance: General,

This paper studies the role of an increase in foreign exchange reserves in reducing currency volatility for emerging market countries. The study employs a panel of 28 countries over the period 1986-2002. Several co...

De Jure Versus De Facto Exchange Rate Regimes in Sub-Saharan Africa

De Jure Versus De Facto Exchange Rate Regimes in Sub-Saharan Africa »

Source: De Jure Versus De Facto Exchange Rate Regimes in Sub-Saharan Africa

Volume/Issue: 2011/198

Series: IMF Working Papers

Author(s): Slavi Slavov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781462304233

Keywords: fixed versus floating, de jure versus de facto, exchange rate, exchange rates, exchange rate regime, equation, International Monetary Arrangements and Institutions,

There are 22 countries in Sub-Saharan Africa (SSA) with floating exchange rate regimes, de jure. Some target the money supply or the inflation rate; others practice "managed floating." Statistical analysis on month...

The Disappearing Openness-Inflation Relationship

The Disappearing Openness-Inflation Relationship »

Source: The Disappearing Openness-Inflation Relationship : A Cross-Country Analysis of Inflation Rates

Volume/Issue: 1999/161

Series: IMF Working Papers

Author(s): M. Bleaney

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451857795

Keywords: Exchange rate, openness, exchange rate regime, inflation rates, inflation rate

The robust negative correlation between openness and inflation found in cross-country data for the 1970s and 1980s has disappeared in the 1990s. There is now a strong negative correlation of inflation with per capi...

Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study

Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study »

Source: Does the Long-Run Ppp Hypothesis Hold for Africa? Evidence From Panel Co-Integration Study

Volume/Issue: 1998/123

Series: IMF Working Papers

Author(s): Jun Nagayasu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1998

ISBN: 9781451854589

Keywords: Purchasing Power Parity, co-integration, exchange rates, exchange rate, statistics, exchange rate regimes, parallel exchange rates

This paper addresses whether parallel market exchange rates in Africa behave in the long run in a manner consistent with the purchasing power parity (PPP) hypothesis. A recent econometric method, the panel co-integ...

Does the Nominal Exchange Rate Regime Matter?

Does the Nominal Exchange Rate Regime Matter? »

Source: Does the Nominal Exchange Rate Regime Matter?

Volume/Issue: 1995/121

Series: IMF Working Papers

Author(s): Jonathan Ostry , Anne Gulde , Atish Ghosh , and Holger Wolf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451854329

Keywords: exchange rate, exchange rate regime, exchange rate regimes, nominal exchange rate

The effect of the exchange rate regime on inflation and growth is examined. The 30-year data set includes over 100 countries and nine regime types. Pegged regimes are associated with lower inflation than intermedia...

Drivers of Growth: Evidence from  Sub-Saharan African Countries

Drivers of Growth: Evidence from Sub-Saharan African Countries »

Source: Drivers of Growth : Evidence from Sub-Saharan African Countries

Volume/Issue: 2013/236

Series: IMF Working Papers

Author(s): Manuk Ghazanchyan , and Janet Stotsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2013

ISBN: 9781475516487

Keywords: growth, real exchange rate, exchange rate, exchange rate regime, General, General, Open Economy Macroeconomics, Economic Growth of Open Economies, General,

This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and pub...

Economic Trends in Africa

Economic Trends in Africa »

Source: Economic Trends in Africa : The Economic Performance of Sub-Saharan African Countries

Volume/Issue: 1993/71

Series: IMF Working Papers

Author(s): Pierre Dhonte , Jean Clément , Mbuyamu Matungulu , and Dawn Rehm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1993

ISBN: 9781451849196

Keywords: exchange systems, exchange rate, terms of trade, exchange rate regimes, exchange rates

This paper surveys recent economic developments in countries in the African Department. In the aggregate, output growth continues to be sluggish, and it is expected that half of the countries will experience a decl...