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Accumulating Foreign Reserves Under Floating Exchange Rates

Accumulating Foreign Reserves Under Floating Exchange Rates »

Source: Accumulating Foreign Reserves Under Floating Exchange Rates

Volume/Issue: 2008/96

Series: IMF Working Papers

Author(s): Fernando M. Gonçalves

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869576

Keywords: Foreign Reserves, Foreign Exchange Market, Floating Exchange Rate, inflation, monetary authority, inflation rate, foreign exchange,

Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theore...

Achieving Stabilization in Armenia1

Achieving Stabilization in Armenia1 »

Source: Achieving Stabilization in Armenia

Volume/Issue: 1998/38

Series: IMF Working Papers

Author(s): Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451845662

Keywords: transition economy, fiscal impulse, monetary impulse, currency substitution, inflation, monetary policy, inflation tax, foreign currency, foreign exchange

This paper examines the evolution, and impact on stabilization, of macroeconomic policies in Armenia during 1994-96. Fiscal and monetary policies have been effective in stabilizing the Armenian economy and facilita...

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...

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...

Aid and the Dutch Disease in Low-Income Countries

Aid and the Dutch Disease in Low-Income Countries »

Source: Aid and the Dutch Disease in Low-Income Countries : Informed Diagnoses for Prudent Prognoses

Volume/Issue: 2004/49

Series: IMF Working Papers

Author(s): Mwanza Nkusu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846874

Keywords: Exchange Rate, and Poverty, dutch disease, real exchange rate, foreign exchange, exchange rates, Economic Growth of Open Economies, Welfare and Poverty: General, Economic Growth and Aggregate Productivity: General,

This paper demonstrates that the Dutch disease need not materialize in low-income countries that can draw on their idle productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses f...

Alternative Dual Exchange Market Regimes

Alternative Dual Exchange Market Regimes »

Source: Alternative Dual Exchange Market Regimes : Some Steady State Comparisons

Volume/Issue: 1990/90

Series: IMF Working Papers

Author(s): José Saúl Lizondo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1990

ISBN: 9781451951851

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

This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank implements a ratio...

Angola's Fragile Stabilization

Angola's Fragile Stabilization »

Source: Angola's Fragile Stabilization

Volume/Issue: 2004/83

Series: IMF Working Papers

Author(s): Jose Gasha , and Gonzalo Pastor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2004

ISBN: 9781451850574

Keywords: monetary and exchange rate policy, inflation, foreign exchange, exchange rate, inflation rate, nominal exchange rate, Studies of Particular Policy Episodes,

This paper discusses the nature of Angola's disinflation strategy in recent years, with special emphasis on the most recent efforts by the Angolan authorities to stabilize the economy. Looking to the past, the pape...

Anticipated Exchange Rate Reforms

Anticipated Exchange Rate Reforms »

Source: Anticipated Exchange Rate Reforms

Volume/Issue: 1992/32

Series: IMF Working Papers

Author(s): Robert Flood , and Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1992

ISBN: 9781451845075

Keywords: exchange rate, parallel exchange rate, equation, equations, foreign exchange

Exchange rate reforms in developing countries have often aimed at floating the exchange rate in an attempt to unify the official and parallel markets for foreign exchange. This paper examines the anticipatory dynam...

The Asia Crisis

The Asia Crisis »

Source: The Asia Crisis : Causes, Policy Responses, and Outcomes

Volume/Issue: 1999/138

Series: IMF Working Papers

Author(s): Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1999

ISBN: 9781451855968

Keywords: Asia crisis, interest rates and exchange rates, currency crises, balance of payments crises, exchange rate, banking, banking system, exchange rates, foreign exchange

This paper tells the story of the Asian financial crisis by addressing four questions: What were the causes of the crisis, how did the crisis unfold, what were the policy responses, and what have been the outcomes?...

Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies

Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies »

Source: Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies

Volume/Issue: 2005/151

Series: IMF Working Papers

Author(s): Ceyla Pazarbasioglu , Gudrun Johnsen , Paul Hilbers , and Inci Ötker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861709

Keywords: credit growth, supervisory and prudential policies, banking, foreign exchange, financial sector, bank credit, financial system, Financial Markets and the Macroeconomy,

This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challen...