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Back Matter

Back Matter »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s a...

Front Matter

Front Matter »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s a...

Appendix: Determining Whether Countries with Stable Exchange Rates and a Common Currency Trade More

Appendix: Determining Whether Countries with Stable Exchange Rates and a Common Currency Trade More »

Source: A New Look at Exchange Rate Volatility and Trade Flows

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

While there is some evidence of a negative effect of exchange rate volatility on trade, it is not robust to variations in specification. This is true both for aggreg...

An Assessment of External Price Competitiveness for Mozambique

An Assessment of External Price Competitiveness for Mozambique »

Source: An Assessment of External Price Competitiveness for Mozambique

Volume/Issue: 2009/165

Series: IMF Working Papers

Author(s): Francis Vitek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

ISBN: 9781451873122

Keywords: External price competitiveness, exchange rate assessment, macroeconomic balance approach, equilibrium real exchange rate approach, external sustainability approach, exchange rate, effective exchange rate, real effective exchange rate, current account balance,

This paper conducts an assessment of external price competitiveness for Mozambique. A variety of indicators suggest that Mozambique has recently lost external price competitiveness with respect to its major trading...

Competitiveness in the Baltics in the Run-Up to EU Accession

Competitiveness in the Baltics in the Run-Up to EU Accession »

Source: Competitiveness in the Baltics in the Run-Up to EU Accession

Volume/Issue: 2003/114

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2003

ISBN: 9781451805376

Keywords: exchange rates, exchange rate, real exchange rate, real exchange rates, foreign assets

This paper analyzes competitiveness in the Baltics in the run-up to European Union accession. Several factors appear to have driven movements in equilibrium real exchange rates in the Baltics since the start of the...

Consumption Smoothing and Exchange Rate Volatility

Consumption Smoothing and Exchange Rate Volatility »

Source: Consumption Smoothing and Exchange Rate Volatility

Volume/Issue: 1995/108

Series: IMF Working Papers

Author(s): Bart Turtelboom

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1995

ISBN: 9781451853049

Keywords: exchange rate, exchange rates, net foreign asset, foreign asset, real exchange rate

This paper analyzes exchange rate behavior in a model where consumers trade goods to diversify shocks to their income. A model with traded and nontraded goods is simulated in a multilateral context based upon histo...

Deviations of Exchange Rates from Purchasing Power Parity

Deviations of Exchange Rates from Purchasing Power Parity »

Source: Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions

Volume/Issue: 1998/69

Series: IMF Working Papers

Author(s): Ronald MacDonald , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451960846

Keywords: Exchange rates, stationarity, real exchange rates, exchange rate, real exchange rate, international financial

We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Striking...

Equilibrium Exchange Rates

Equilibrium Exchange Rates »

Source: Equilibrium Exchange Rates : Assessment Methodologies

Volume/Issue: 2007/296

Series: IMF Working Papers

Author(s): Peter Isard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868593

Keywords: Equilibrium exchange rates, exchange rates, exchange rate, real exchange rate, real exchange rates, foreign exchange,

The paper describes six different methodologies that have been used to assess the equilibrium values of exchange rates and discusses their limitations. It applies several of the approaches to data for the United St...

Estimation of the Equilibrium Real Exchange Rate for South Africa1

Estimation of the Equilibrium Real Exchange Rate for South Africa1 »

Source: Estimation of the Equilibrium Real Exchange Rate for South Africa

Volume/Issue: 2003/44

Series: IMF Working Papers

Author(s): Ronald MacDonald , and Luca Ricci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

ISBN: 9781451846430

Keywords: equilibrium real exchange rate, exchange rate, real exchange rate, effective exchange rate, real effective exchange rate, Open Economy Macroeconomics,

Based on the Johansen cointegration estimation methodology, much of the long-run behavior of the real effective exchange rate of South Africa can be explained by real interest rate differentials, GDP per capita (bo...

Exchange Rates and Economic Fundamentals

Exchange Rates and Economic Fundamentals »

Source: Exchange Rates and Economic Fundamentals : A Methodological Comparison of BEERs and FEERs

Volume/Issue: 1998/67

Series: IMF Working Papers

Author(s): Ronald MacDonald , and Peter Clark

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451961683

Keywords: exchange rate, exchange rates, real exchange rate, foreign assets, net foreign assets

This paper compares two approaches for examining the extent to which a country’s actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating th...