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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...

Appendix I. Measurement and Accounting Issues

Appendix I. Measurement and Accounting Issues »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

Various problems that arise in defining QFA, and in measuring the quasi-fiscal component of the operations of central banks and other PFIs, were briefly discussed in the text, as were the difficulties that c...

Appendix I Structure of the Financial System

Appendix I Structure of the Financial System »

Source: Ghana : Adjustment and Growth, 1983-91

Series: Occasional Papers

Author(s): Ishan Kapur , Jerald Schiff , Michael Hadjimichael , Philippe Szymczak , and Paul Hilbers

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557751829

Keywords: foreign exchange, exchange rate, inflation, expenditure, banking

The banking system in Ghana comprises the Central Bank (Bank of Ghana), three large commercial banks (the Ghana Commercial Bank, the Standard Chartered Bank of Ghana, and the Barcla...

Appendix II Empirical Estimates of Inflation

Appendix II Empirical Estimates of Inflation »

Source: Ghana : Adjustment and Growth, 1983-91

Series: Occasional Papers

Author(s): Ishan Kapur , Jerald Schiff , Michael Hadjimichael , Philippe Szymczak , and Paul Hilbers

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

ISBN: 9781557751829

Keywords: foreign exchange, exchange rate, inflation, expenditure, banking

In order to assess the quantitative significance for inflation of the factors discussed in Section VI, a reduced form equation for inflation was estimated for the period 1984: Q4-19...

Appendix II Varieties of Country Experience

Appendix II Varieties of Country Experience »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

This appendix describes a variety of QFAs that have been practiced in IMF member countries. Its intent is to give a flavor of the many forms that such practices can take; the countries whose experience is ci...

Appendix III Five Country Case Studies

Appendix III Five Country Case Studies »

Source: Quasi-Fiscal Operations of Public Financial Institutions

Series: Occasional Papers

Author(s): George Mackenzie , and Peter Stella

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 1996

ISBN: 9781557755834

Keywords: central bank, inflation, monetary fund, central banks, exchange rate

Uruguay The history of QFA in the central bank and certain other PFIs since the early 1970s 50 can be divided roughly into three periods: the first,...

The Asymmetric Effects of Exchange Rate Fluctuations

The Asymmetric Effects of Exchange Rate Fluctuations »

Source: The Asymmetric Effects of Exchange Rate Fluctuations : Theory and Evidence From Developing Countries

Volume/Issue: 2000/184

Series: IMF Working Papers

Author(s): Magda Kandil

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2000

ISBN: 9781451859355

Keywords: Exchange rate, rational expectations, asymmetric fluctuations, inflation, price inflation, real output

The paper examines the asymmetric effects of exchange rate fluctuations on real output and price in developing countries. The theoretical model decomposes movements in the exchange rate into anticipated and unantic...

Contrasting Monetary Regimes in Africa

Contrasting Monetary Regimes in Africa »

Source: Contrasting Monetary Regimes in Africa

Volume/Issue: 1997/64

Series: IMF Working Papers

Author(s): Patrick Honohan , and Stephen O'Connell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1997

ISBN: 9781451848526

Keywords: inflation, central bank, monetary financing, foreign exchange

In post-independence sub-Saharan Africa, institutional arrangements for monetary policy have taken a variety of forms, although the historical evolution of many African financial systems has been similar. This pape...

Ghana
			: Adjustment and Growth, 1983-91

Ghana : Adjustment and Growth, 1983-91 »

Series: Occasional Papers

Author(s): Ishan Kapur , Jerald Schiff , Michael Hadjimichael , Philippe Szymczak , and Paul Hilbers

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

DOI: http://dx.doi.org/10.5089/9781557751829.084

ISBN: 9781557751829

Keywords: foreign exchange, exchange rate, inflation, expenditure, banking

The first sub-Saharan African country to pursue broad economic and structural reform - aided by external finance and technical aid - Ghana is an example of adjustment with growth. Ghana's experience, discussed in t...

Ghana

Ghana »

Source: Ghana : Selected Issues

Volume/Issue: 2008/332

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 October 2008

ISBN: 9781451815009

Keywords: inflation, monetary policy, inflation rate, exchange rate, real interest rate

This Selected Issues paper on Ghana shows that as a small, open low-income economy, the country faces several major challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and...