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An Analysis of Reserve Tranche Positions and their Use

An Analysis of Reserve Tranche Positions and their Use »

Source: An Analysis of Reserve Tranche Positions and their Use

Volume/Issue: 1988/107

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 1988

ISBN: 9781451946659

Keywords: reserve tranche, reserve tranche positions, balance of payments, current account, reserve assets

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Are Currency Crises Predictable? A Test

Are Currency Crises Predictable? A Test »

Source: Are Currency Crises Predictable? A Test

Volume/Issue: 1998/154

Series: IMF Working Papers

Author(s): Catherine Pattillo , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1998

ISBN: 9781451857207

Keywords: Currency crises, vulnerability indicators, Asian crisis, balance of payments crises, crisis prediction, probability, probabilities, correlation, crisis index, predictions

This paper evaluates three models for predicting currency crises that were proposed before 1997. The idea is to answer the question: if we had been using these models in late 1996, how well armed would we have been...

Assessing Early Warning Systems

Assessing Early Warning Systems »

Source: Assessing Early Warning Systems : How Have they Worked in Practice?

Volume/Issue: 2004/52

Series: IMF Working Papers

Author(s): Andrew Berg , Eduardo Borensztein , and Catherine Pattillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451847284

Keywords: vulnerability indicators, crisis prediction, forecasting accuracy, balance of payments crisis, probability, predictions, currency crisis, probabilities, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

Since 1999, the IMF's staff has been tracking several early-warning-system (EWS) models of currency crisis. The results have been mixed. One of the long-horizon models has performed well relative to pure guesswork...

Balance of Payments Crises Under Inflation Targeting

Balance of Payments Crises Under Inflation Targeting »

Source: Balance of Payments Crises Under Inflation Targeting

Volume/Issue: 2007/84

Series: IMF Working Papers

Author(s): Shujing Li , Isabel Yan , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866483

Keywords: Balance of payments crisis, exchange rate targeting, flow speculative attack, inflation, exchange rate,

This paper analyzes a small open economy model under inflation targeting. It shows why such a monetary regime is vulnerable to speculative attacks that take place over a short period rather than instantaneously. Th...

Classifications of Countries Basedon their Level of Development

Classifications of Countries Basedon their Level of Development »

Source: Classifications of Countries Basedon their Level of Development : How it is Done and How it Could Be Done

Volume/Issue: 2011/31

Series: IMF Working Papers

Author(s): Lynge Nielsen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

ISBN: 9781455216789

Keywords: Country classification systems, taxonomy, taxonomies, per capita income, balance of payments, exporting countries, Economic Development: General,

The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The paper a...

Compiling and Using Export and Import Price Indices1

Compiling and Using Export and Import Price Indices1 »

Source: Compiling and Using Export and Import Price Indices

Volume/Issue: 2002/230

Series: IMF Working Papers

Author(s): Kimberly Zieschang , and Jemma Dridi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875515

Keywords: Price index, economic statistics, customs, import price, foreign trade, balance of payments, Survey Methods,

Export and import price indices are essential for assessing the impact of international trade on the domestic economy. Among their most important uses are analyzing developments in the trade balance, measuring fore...

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...

Discriminating Contagion

Discriminating Contagion »

Source: Discriminating Contagion : An Alternative Explanation of Contagious Currency Crises in Emerging Markets

Volume/Issue: 2000/14

Series: IMF Working Papers

Author(s): Pavan Ahluwalia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2000

ISBN: 9781451843118

Keywords: Contagion, currency crisis, balance-of-payments, exchange rate, speculative, currency crises, real exchange rate

This paper shows that a country’s vulnerability to contagious crises depends on the visible similarities between that country and other countries that are experiencing crises. A country is vulnerable to shif...

Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence

Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence »

Source: Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence

Volume/Issue: 1998/169

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1998

ISBN: 9781451858310

Keywords: IMF programs, cross-country studies, program evaluation, balance of payments, current account, current account balance, current account deficit, balance of payments deficits

Over the last two decades a number of cross-country empirical studies have been undertaken to assess whether IMF-supported adjustment programs have led to an improved balance of payments and current account balance...

Effects of the Uruguay Roundon Egypt and Morocco

Effects of the Uruguay Roundon Egypt and Morocco »

Source: Effects of the Uruguay Roundon Egypt and Morocco

Volume/Issue: 1996/7

Series: IMF Working Papers

Author(s): Arvind Subramanian , Clinton Shiells , and Peter Uimonen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1996

ISBN: 9781451928501

Keywords: tariff cuts, preference erosion, oil exports, balance of payments, tariff lines

This paper presents simple computational techniques to examine a variety of effects of the Uruguay Round on developing country trade flows. These methods are applied to the cases of Egypt and Morocco to simulate th...