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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...

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 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...

Assessing External Sustainability in India

Assessing External Sustainability in India »

Source: Assessing External Sustainability in India

Volume/Issue: 1999/181

Series: IMF Working Papers

Author(s): Tim Callen , and Paul Cashin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1999

ISBN: 9781451859171

Keywords: capital controls, external sustainability, current account, current account deficit, balance of payments, external liabilities, external borrowing

This paper examines the solvency and sustainability of India’s external imbalances and analyzes the optimality of its capital flows. We use three approaches: an intertemporal model of the current account tha...

Balance of Payments Anti-Crises

Balance of Payments Anti-Crises »

Source: Balance of Payments Anti-Crises

Volume/Issue: 2009/134

Series: IMF Working Papers

Author(s): Isabel Yan , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872811

Keywords: Balance of payments anti-crises, inflation dynamics, foreign exchange, exchange rate, inflation targeting,

Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciatio...

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...

Change of Ownership and Time of Recording in National Accounts1/

Change of Ownership and Time of Recording in National Accounts1/ »

Source: Change of Ownership and Time of Recording in National Accounts

Volume/Issue: 1988/6

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

ISBN: 9781451928754

Keywords: balance of payments, recording, capital account, current account

This paper establishes “economic ownership” as a crucial concept in analyses of the flows of goods and services in the production and consumption processes, and of income to the factors of production....

Changing Times for Frontier Markets

Changing Times for Frontier Markets »

Source: Changing Times for Frontier Markets : A Perspective from Portfolio Investment Flows and Financial Integration

Volume/Issue: 2016/177

Series: IMF Working Papers

Author(s): Nordine Abidi , Burcu Hacibedel , and Mwanza Nkusu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 August 2016

ISBN: 9781475529548

Keywords: Private investments, Low-income developing countries, Foreign direct investment, Capital flows, Economic integration, Time series, Econometric models, Frontier Markets, Portfolio flows, Financial Integration

This paper investigates to what extent low-income developing countries (LIDCs) characterized as frontier markets (FMs) have begun to be subject to capital flows dynamics typically associated with emerging markets (...

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...