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China's Evolving Exchange Rate Regime1

China's Evolving Exchange Rate Regime1 »

Source: China's Evolving Exchange Rate Regime

Volume/Issue: 2019/50

Series: IMF Working Papers

Author(s): Sonali Das

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2019

ISBN: 9781498302029

Keywords: Exchange markets, Real effective exchange rates, Central banks, Exchange rate policy, Nominal effective exchange rate, reminbi, exchange rate, foreign exchange market, liquidity, RMB

China's exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquid...

Colombia: Review Under the Flexible Credit Line Arrangement—Press Release and Staff Report

Colombia: Review Under the Flexible Credit Line Arrangement—Press Release and Staff Report »

Source: Colombia : Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report

Volume/Issue: 2019/141

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2019

ISBN: 9781498316309

Keywords: Flexible exchange rates, Economic recovery, Fiscal policy, Lines of credit, Monetary policy, FCL, policy framework, percent of GDP, flexible exchange rate, deflator

Colombia's recovery is gaining momentum on the back of strong domestic demand, with a wider current account deficit. As a key external shock, migration flows from Venezuela accelerated in 2018 and by end-December 1...

Domestic Amplifiers of External Shocks: Growth Accelerations and Reversals in Emerging Market and Developing Economies*

Domestic Amplifiers of External Shocks: Growth Accelerations and Reversals in Emerging Market and Developing Economies* »

Source: Domestic Amplifiers of External Shocks: Growth Accelerations and Reversals in Emerging Market and Developing Economies

Volume/Issue: 2019/129

Series: IMF Working Papers

Author(s): Bertrand Gruss , Malhar Nabar , and Marcos Poplawski Ribeiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2019

ISBN: 9781498314435

Keywords: Economic integration, Flexible exchange rates, Exchange rate regimes, Exchange rate stability, Real exchange rates, Economic Growth, Emerging Markets, Developing Economies, External Conditions, external condition

External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic po...

The External Balance Assessment Methodology: 2018 Update1

The External Balance Assessment Methodology: 2018 Update1 »

Source: The External Balance Assessment Methodology: 2018 Update

Volume/Issue: 2019/65

Series: IMF Working Papers

Author(s): Luis Cubeddu , Signe Krogstrup , Gustavo Adler , Pau Rabanal , Mai Chi Dao , Swarnali Ahmed Hannan , Luciana Juvenal , Carolina Osorio Buitron , Cyril Rebillard , Daniel Garcia-Macia , Callum Jones , Jair Rodriguez , Kyun Suk Chang , Deepali Gautam , and Zijiao Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 March 2019

ISBN: 9781498300933

Keywords: External sector, Current account balances, Terms of trade, Current account surpluses, Current account deficits, current account, exchange rates, external sustainability, global imbalances., Eba

The assessment of external positions and exchange rates is a key mandate of the IMF. This paper presents the updated External Balance Assessment (EBA) framework-a key input in the conduct of multilaterally-consiste...

Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock* Gains from Anchoring Inflation Expectations:
Evidence from the Taper Tantrum Shock*

Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock* Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock* »

Source: Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock

Volume/Issue: 2019/75

Series: IMF Working Papers

Author(s): Rudolfs Bems , Francesca Caselli , Francesco Grigoli , and Bertrand Gruss

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2019

ISBN: 9781498302777

Keywords: Exchange rate pass-through, Consumer price indexes, Inflation expectations, Capital outflows, Monetary policy, Taper Tantrum, Exchange Rate Pass-Through., inflation expectation, tantrum, pass-through

Many argue that improvements in monetary policy frameworks in emerging market economies over the past few decades, have made them more resilient to external shocks. This paper exploits the May 2013 taper tantrum in...

IMF Executive Board Approves US$6 billion 39-Month Extended Fund Facility Arrangement for Pakistan

New
IMF Executive Board Approves US$6 billion 39-Month Extended Fund Facility Arrangement for Pakistan »

Source: Pakistan : Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

Volume/Issue: 2019/212

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2019

ISBN: 9781498324496

Keywords: External sector, Fiscal policy, Central banks, Flexible exchange rates, Development, pakistani authority, pakistani rupee, SOEs, SBP, Proj

Pakistan's economy is at a critical juncture. Misaligned economic policies, including large fiscal deficits, loose monetary policy, and defense of an overvalued exchange rate, fueled consumption and short-term grow...

IMF Executive Board Completes Review of Colombia’s Performance under the Flexible Credit Line Arrangement

IMF Executive Board Completes Review of Colombia’s Performance under the Flexible Credit Line Arrangement »

Source: Colombia : Review Under the Flexible Credit Line Arrangement-Press Release; and Staff Report

Volume/Issue: 2019/141

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2019

ISBN: 9781498316309

Keywords: Flexible exchange rates, Economic recovery, Fiscal policy, Lines of credit, Monetary policy, FCL, policy framework, percent of GDP, flexible exchange rate, deflator

Colombia's recovery is gaining momentum on the back of strong domestic demand, with a wider current account deficit. As a key external shock, migration flows from Venezuela accelerated in 2018 and by end-December 1...

IMF Executive Board Completes the Fifth Review under Sri Lanka’s Extended Arrangement under the Extended Fund Facility; Grants Waivers of Nonobservance of Performance Criteria and Approves US$ 164.1 million disbursement and Extension of the Arrangement1

IMF Executive Board Completes the Fifth Review under Sri Lanka’s Extended Arrangement under the Extended Fund Facility; Grants Waivers of Nonobservance of Performance Criteria and Approves US$ 164.1 million disbursement and Extension of the Arrangement1 »

Source: Sri Lanka : Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement and Rephasing of Purchases-Press Release; Staff Report and Statement by the Executive Director for Sri Lanka

Volume/Issue: 2019/135

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2019

ISBN: 9781498315159

Keywords: External sector, Central banks, Monetary policy, Social safety nets, Flexible exchange rates, Proj, primary balance, net lend, SOEs, percent of GDP

Recent developments and outlook. Higher fuel prices and global financial volatility generated strong balance-of-payment pressures in 2018, which were exacerbated by a political crisis late in the year. The Central...

IMF Executive Board Discusses Program Design in Currency Unions

IMF Executive Board Discusses Program Design in Currency Unions »

Source: Program Design in Currency Unions

Volume/Issue: 2018/011

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Legal Dept.;International Monetary Fund. Finance Dept.;International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2018

ISBN: 9781498307284

Keywords: Central banks, Monetary policy, Monetary unions, Exchange rate policy, Balance of payments need, ECB, currency union, CUs, ECCB, payment problem

"Despite a long history of program engagement, the Fund has not developed guidance on program design in members of currency unions. The Fund has engaged with members of the four currency unions-the Central African...

IMF Executive Board Reviews Multiple Currency Practices Policy and Considers Reforms

IMF Executive Board Reviews Multiple Currency Practices Policy and Considers Reforms »

Source: Review Of The Fund's Policy On Multiple Currency Practices : Initial Considerations

Volume: 19

Series: Policy Papers

Author(s): International Monetary Fund. Legal Dept.;International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2019

ISBN: 9781498318860

Keywords: Exchange rate policy, Exchange markets, Exchange restrictions, Multiple exchange rates, Exchange rates, foreign exchange markets, foreign investment, free trade, goods and services, multiple currency practices

This paper reviews the Fund's policy on multiple currency practices (MCPs). There remain strong economic and legal reasons to retain a policy on MCPs. The over-arching aim of the review is to make the policy and it...