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Debt/Equity Swaps

Debt/Equity Swaps »

Source: Debt/Equity Swaps

Volume/Issue: 1988/15

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451923506

Keywords: foreign exchange, banking, balance of payments, domestic currency, external liabilities

This paper describes the development of debt/equity swaps in the years following the emergence of the international debt crisis. It discusses some of the possible advantages and disadvantages offered by such swaps...

Dollarization of the Banking System

Dollarization of the Banking System »

Source: Dollarization of the Banking System : Good or Bad?

Volume/Issue: 2003/146

Series: IMF Working Papers

Author(s): Gianni De Nicolo , Patrick Honohan , and Alain Ize

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451856668

Keywords: Financial Deepening, Financial Instability, inflation, foreign currency, foreign exchange, Financial Aspects of Economic Integration,

This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development,...

Exchange-Rate-Based Stabilization

Exchange-Rate-Based Stabilization »

Source: Exchange-Rate-Based Stabilization : A Model of Financial Fragility

Volume/Issue: 2000/122

Series: IMF Working Papers

Author(s): Yuri Sobolev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451854480

Keywords: Exchange-Rate-Based Stabilization, Credible Disinflation, Bank Intermediation, Financial Fragility, exchange rate, banking, foreign exchange, banking sector, banking system

Interactions between banks and open capital account are investigated as rationalizations for empirical regularities characterizing disinflation programs anchored by the exchange rate. The financial system is charac...

Exchange Rate Uncertainty in Money-Based Stabilization Programs1

Exchange Rate Uncertainty in Money-Based Stabilization Programs1 »

Source: Exchange Rate Uncertainty in Money-Based Stabilization Programs

Volume/Issue: 1998/3

Series: IMF Working Papers

Author(s): R. Morales

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

ISBN: 9781451841879

Keywords: exchange rate, real exchange rate, inflation, foreign currency, foreign exchange

Complementing the explanation provided by Calvo and Vegh (1994) for money-based stabilization programs, exchange rate uncertainty introduced to a particular version of the portfolio approach with imperfect competit...

Exchange Restrictions and Devaluation Crises

Exchange Restrictions and Devaluation Crises »

Source: Exchange Restrictions and Devaluation Crises

Volume/Issue: 1990/84

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1990

ISBN: 9781451954340

Keywords: exchange rate, probability, official exchange rate, equation, foreign exchange

This paper develops a model of devaluation crises for an economy where foreign exchange restrictions lead to the emergence of a parallel market. The devaluation rule relates the size of the parity change to the spr...

Financial Market Fragilities in Latin America

Financial Market Fragilities in Latin America »

Source: Financial Market Fragilities in Latin America : From Banking Crisis Resolution to Current Policy Challenges

Volume/Issue: 1994/117

Series: IMF Working Papers

Author(s): Steven Weisbrod , and Liliana Rojas-Suárez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1994

ISBN: 9781451853971

Keywords: banking, banking system, foreign exchange, reserve requirements, financial system

This paper has two objectives: first, by reviewing the recent experience of five Latin American countries with the restructuring of their financial sectors, it derives lessons regarding the most effective ways to r...

Fixed or Floating Exchange Regimes

Fixed or Floating Exchange Regimes »

Source: Fixed or Floating Exchange Regimes : Does it Matter for Inflation?

Volume/Issue: 1994/134

Series: IMF Working Papers

Author(s): Peter Quirk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1994

ISBN: 9781451855531

Keywords: exchange rate, exchange rates, foreign exchange, monetary policy

This paper reviews recent experience with the choice of floating or fixed (“anchor”) exchange regimes in industrial and developing countries. It concludes that desirable differences between the two se...

Foreign Currency Deposits in Developing Countries-Origins and Economic Implications

Foreign Currency Deposits in Developing Countries-Origins and Economic Implications »

Source: Foreign Currency Deposits in Developing Countries-Origins and Economic Implications

Volume/Issue: 1987/12

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1987

ISBN: 9781451925197

Keywords: foreign exchange, currency substitution, banking, banking system, exchange rate

The growing importance of foreign currency deposits (FCDs) in some developing countries has raised numerous issues, particularly regarding the effectiveness of economic policies. This paper discusses factors that i...

Has the Nature of Crises Changed? A Quarter Century of Currency Crises in Argentina

Has the Nature of Crises Changed? A Quarter Century of Currency Crises in Argentina »

Source: Has the Nature of Crises Changed? A Quarter Century of Currency Crises in Argentina

Volume/Issue: 1999/152

Series: IMF Working Papers

Author(s): Nada Choueiri , and Graciela Kaminsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1999

ISBN: 9781451857078

Keywords: currency crises, speculative attacks, vector autoregressions, exchange rate, foreign exchange, foreign exchange reserves, exchange reserves, central bank

The recent turmoil in currency markets in Asia, Europe, and Latin America has given a new impetus to the literature on currency crises. The literature originally linked currency crises to deteriorating economic fun...

Dollarization of the Banking System
			: Good or Bad?

Dollarization of the Banking System : Good or Bad? »

Volume/Issue: 2003/146

Series: IMF Working Papers

Author(s): Gianni De Nicolo , Patrick Honohan , and Alain Ize

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

DOI: http://dx.doi.org/10.5089/9781451856668.001

ISBN: 9781451856668

Keywords: Financial Deepening, Financial Instability, inflation, foreign currency, foreign exchange, Financial Aspects of Economic Integration,

This paper assesses the benefits and risks associated with dollarization of the banking system. We provide novel empirical evidence on the determinants of dollarization, its role in promoting financial development,...