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The Effect of the ERMon Participating Economies

The Effect of the ERMon Participating Economies »

Source: The Effect of the ERMon Participating Economies

Volume/Issue: 1991/86

Series: IMF Working Papers

Author(s): Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

ISBN: 9781451953725

Keywords: exchange rate, correlation, fixed exchange rate, correlations, exchange rate regime

The effect of membership of the ERM on macroeconomic performance is analyzed using vector autoregression techniques. The results indicate that while the ERM has had little effect on the nature of the shocks hitting...

Exchange Rate Regime Choice in Historical Perspective

Exchange Rate Regime Choice in Historical Perspective »

Source: Exchange Rate Regime Choice in Historical Perspective

Volume/Issue: 2003/160

Series: IMF Working Papers

Author(s): Michael Bordo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

ISBN: 9781451857764

Keywords: Gold standard, Bretton Woods system, exchange rate regimes, exchange rate, inflation, exchange rates, exchange rate regime, International Monetary Arrangements and Institutions,

In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning...

Exchange Rate Regime Choice in Historical Perspective

Exchange Rate Regime Choice in Historical Perspective »

Volume/Issue: 2003/160

Series: IMF Working Papers

Author(s): Michael Bordo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2003

DOI: http://dx.doi.org/10.5089/9781451857764.001

ISBN: 9781451857764

Keywords: Gold standard, Bretton Woods system, exchange rate regimes, exchange rate, inflation, exchange rates, exchange rate regime, International Monetary Arrangements and Institutions,

In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning...

Rational Speculation, Financial Crises, and Optimal Policy Responses

Rational Speculation, Financial Crises, and Optimal Policy Responses »

Volume/Issue: 2004/25

Series: IMF Working Papers

Author(s): Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2004

DOI: http://dx.doi.org/10.5089/9781451844290.001

ISBN: 9781451844290

Keywords: Preemptive Trade, Coordination Risk, Market Size Effect, central bank, exchange rate, domestic currency, exchange rate regime, Open Economy Macroeconomics,

This paper develops a theory of the onset of financial crises by solving for the optimal trading strategies of speculators in financial markets, in a model where each speculator tries to coordinate her trades with...

Real Exchange Rate Volatility
			: Does the Nominal Exchange Rate Regime Matter?

Real Exchange Rate Volatility : Does the Nominal Exchange Rate Regime Matter? »

Volume/Issue: 1998/147

Series: IMF Working Papers

Author(s): Hong Liang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1998

DOI: http://dx.doi.org/10.5089/9781451856705.001

ISBN: 9781451856705

Keywords: Exchange rate regimes, real exchange rate, volatility, exchange rate, exchange rates, nominal exchange rate

A recent study by Grilli and Kaminsky (1991) argues that real exchange rate (RER) behavior is likely to be dependent on the particular historical period rather than on the nominal exchange rate arrangement itself....

The Effect of the ERMon Participating Economies

The Effect of the ERMon Participating Economies »

Volume/Issue: 1991/86

Series: IMF Working Papers

Author(s): Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

DOI: http://dx.doi.org/10.5089/9781451953725.001

ISBN: 9781451953725

Keywords: exchange rate, correlation, fixed exchange rate, correlations, exchange rate regime

The effect of membership of the ERM on macroeconomic performance is analyzed using vector autoregression techniques. The results indicate that while the ERM has had little effect on the nature of the shocks hitting...

Varieties of Monetary Reforms

Varieties of Monetary Reforms »

Volume/Issue: 1994/57

Series: IMF Working Papers

Author(s): Pierre Siklos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1994

DOI: http://dx.doi.org/10.5089/9781451967326.001

ISBN: 9781451967326

Keywords: central bank, exchange rate, inflation, exchange rate regime

This paper surveys three types of monetary arrangements. It considers how the choice of an exchange rate regime, the degree of central bank independence, or choice of currency unions or boards depends not only on e...

What is An Emerging Market?

What is An Emerging Market? »

Volume/Issue: 2004/177

Series: IMF Working Papers

Author(s): Ashoka Mody

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858907.001

ISBN: 9781451858907

Keywords: Commitment-Discretion Trade-Off, bonds, exchange rate, bond, exchange rate regimes, bond contracts,

As developing economies become richer, they seek to contract with the global economy in increasingly complex ways. Dealing with that complexity often implies the need to renegotiate contracts. However, such recontr...

Who Needs Bands? Exchange Rate Policy Before Emu

Who Needs Bands? Exchange Rate Policy Before Emu »

Volume/Issue: 1995/43

Series: IMF Working Papers

Author(s): Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1995

DOI: http://dx.doi.org/10.5089/9781451846287.001

ISBN: 9781451846287

Keywords: exchange rate, exchange rates, exchange rate policies, exchange rate regime

Two issues are discussed. The first is which countries might benefit from entry into EMU before the millennium. Germany and her immediate neighbors appear the most likely to gain; however, our knowledge is too unce...

Rational Speculation, Financial Crises, and Optimal Policy Responses1

Rational Speculation, Financial Crises, and Optimal Policy Responses1 »

Source: Rational Speculation, Financial Crises, and Optimal Policy Responses

Volume/Issue: 2004/25

Series: IMF Working Papers

Author(s): Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2004

ISBN: 9781451844290

Keywords: Preemptive Trade, Coordination Risk, Market Size Effect, central bank, exchange rate, domestic currency, exchange rate regime, Open Economy Macroeconomics,

This paper develops a theory of the onset of financial crises by solving for the optimal trading strategies of speculators in financial markets, in a model where each speculator tries to coordinate her trades with...