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Adopting Currency Convertibility

Adopting Currency Convertibility »

Source: Adopting Currency Convertibility : Experiences and Monetary Policy Considerations for Advanced Developing Countries

Volume/Issue: 1994/96

Series: IMF Working Papers

Author(s): Peter Quirk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1994

ISBN: 9781451950052

Keywords: exchange rate, capital inflows, foreign exchange, domestic credit, capital movements

This paper analyses issues for developing countries with structurally sound balance of payments that are considering a move to full currency convertibility. The main experiences of industrial countries in their dec...

Currency Risk Premia in Global Stock Markets

Currency Risk Premia in Global Stock Markets »

Source: Currency Risk Premia in Global Stock Markets

Volume/Issue: 2006/194

Series: IMF Working Papers

Author(s): Matthew Merritt , and Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

ISBN: 9781451864540

Keywords: Arbitrage pricing theory, risk prices, asset pricing, exchange rate, currency risk, exchange risk, foreign exchange risk, International Finance Forecasting and Simulation,

Large fundamental imbalances persist in the global economy, with potential exchange rate implications. This paper assesses whether exchange rate risk is priced across G-7 stock markets. Given the multitude of hedgi...

Determining the Value of a Financial Unit of Account Basedon Composite Currencies

Determining the Value of a Financial Unit of Account Basedon Composite Currencies »

Source: Determining the Value of a Financial Unit of Account Basedon Composite Currencies : The Case of the Private Ecu

Volume/Issue: 1994/72

Series: IMF Working Papers

Author(s): D. Folkerts-Landau , and Peter Garber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

ISBN: 9781451959130

Keywords: exchange rate, banking, exchange rates, banking system, foreign exchange

Evidence from the past three years indicates that the exchange rate between the private ECU and the official ECU Basket can deviate substantially from par. The value of the private ECU is driven by expectations tha...

Economic Effects and Structural Determinants of Capital Controls

Economic Effects and Structural Determinants of Capital Controls »

Source: Economic Effects and Structural Determinants of Capital Controls

Volume/Issue: 1995/31

Series: IMF Working Papers

Author(s): Vittorio Grilli , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1995

ISBN: 9781451844993

Keywords: capital controls, foreign exchange, real interest rates, capital mobility

This paper studies determinants and effects of capital controls using a panel of 61 developed and developing countries. The results suggest that capital account restrictions are more likely to be in place in countr...

Expected Devaluation and Economic Fundamentals

Expected Devaluation and Economic Fundamentals »

Source: Expected Devaluation and Economic Fundamentals

Volume/Issue: 1993/83

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1993

ISBN: 9781451954517

Keywords: exchange rate, foreign exchange, equation, exchange reserves

Recent incidents of exchange rate collapse have provoked interest in the extent to which such events are determined by economic fundamentals. This paper considers whether interest rate differentials are appropriate...

A Noteon Dual Foreign Exchange Markets with official Rationing
			: Predetermined Versus Floating official Exchange Rate

A Noteon Dual Foreign Exchange Markets with official Rationing : Predetermined Versus Floating official Exchange Rate »

Volume/Issue: 1991/31

Series: IMF Working Papers

Author(s): José Saúl Lizondo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1991

DOI: http://dx.doi.org/10.5089/9781451844955.001

ISBN: 9781451844955

Keywords: exchange rate, foreign exchange, official exchange rate, rate of inflation

This paper examines the relationship between the long run rate of inflation and the allocation of transactions between markets in economies that operate dual exchange market regimes and ration foreign exchange in t...

Adopting Currency Convertibility
			: Experiences and Monetary Policy Considerations for Advanced Developing Countries

Adopting Currency Convertibility : Experiences and Monetary Policy Considerations for Advanced Developing Countries »

Volume/Issue: 1994/96

Series: IMF Working Papers

Author(s): Peter Quirk

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1994

DOI: http://dx.doi.org/10.5089/9781451950052.001

ISBN: 9781451950052

Keywords: exchange rate, capital inflows, foreign exchange, domestic credit, capital movements

This paper analyses issues for developing countries with structurally sound balance of payments that are considering a move to full currency convertibility. The main experiences of industrial countries in their dec...

Currency Risk Premia in Global Stock Markets

Currency Risk Premia in Global Stock Markets »

Volume/Issue: 2006/194

Series: IMF Working Papers

Author(s): Matthew Merritt , and Shaun Roache

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

DOI: http://dx.doi.org/10.5089/9781451864540.001

ISBN: 9781451864540

Keywords: Arbitrage pricing theory, risk prices, asset pricing, exchange rate, currency risk, exchange risk, foreign exchange risk, International Finance Forecasting and Simulation,

Large fundamental imbalances persist in the global economy, with potential exchange rate implications. This paper assesses whether exchange rate risk is priced across G-7 stock markets. Given the multitude of hedgi...

Determining the Value of a Financial Unit of Account Basedon Composite Currencies
			: The Case of the Private Ecu

Determining the Value of a Financial Unit of Account Basedon Composite Currencies : The Case of the Private Ecu »

Volume/Issue: 1994/72

Series: IMF Working Papers

Author(s): D. Folkerts-Landau , and Peter Garber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

DOI: http://dx.doi.org/10.5089/9781451959130.001

ISBN: 9781451959130

Keywords: exchange rate, banking, exchange rates, banking system, foreign exchange

Evidence from the past three years indicates that the exchange rate between the private ECU and the official ECU Basket can deviate substantially from par. The value of the private ECU is driven by expectations tha...

Economic Effects and Structural Determinants of Capital Controls

Economic Effects and Structural Determinants of Capital Controls »

Volume/Issue: 1995/31

Series: IMF Working Papers

Author(s): Vittorio Grilli , and Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1995

DOI: http://dx.doi.org/10.5089/9781451844993.001

ISBN: 9781451844993

Keywords: capital controls, foreign exchange, real interest rates, capital mobility

This paper studies determinants and effects of capital controls using a panel of 61 developed and developing countries. The results suggest that capital account restrictions are more likely to be in place in countr...