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3 Aid Volatility and Macroeconomic Policies »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
At the G-8 meeting in Scotland in July 2005, world leaders announced a US$50 billion increase in official development assistance to poor countries. This surge in aid—aimed at achieving the Millennium Develop...

1 Commodity Currencies and the Real Exchange Rate »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
The neglect to allow for the effect of changes in the terms of trade is, perhaps, the most unsatisfactory characteristic of Prof. Cassel’s “Purchasing Power Parity Theory of the Foreign Exchange...

5 Estimation of the Equilibrium Real Exchange Rate for South Africa »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
In the first quarter of 2002, the real effective exchange rate of the South African rand was 25 percent less than in the same period of the previous year and 45 percent more depreciated than its average 1995...

Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies »
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
DOI: http://dx.doi.org/10.5089/9781589067288.071
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange...

Front Matter »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange...

4 Exchange Rate Pass-Through in the Euro Area »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
Since August 2007, financial market turmoil—precipitated by the U.S. subprime mortgage crisis—has disrupted money and credit markets in the United States, as well as Europe. Against concerns of a “credit cru...

2. Exchange Rates and Trade Balance Adjustment in Emerging Market Economies »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
Among the central questions for the work of the IMF is the role of the exchange rate in external adjustment. Determining the exchange rate correction required to reestablish external viability is crucial in...

10 Exits From Heavily Managed Exchange Rate Regimes: How Good Has the Going Been? »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
As more and more countries, especially those with emerging markets and developing economies, abandon tightly managed exchange rate regimes in favor of more flexibility, the question of when and how to effect...

6 France, Germany, Italy, and Spain: Explaining Differences in External Sector Performance Among Large Euro Area Countries »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
Against overall sluggish activity in the euro area in recent years, the external sector has performed markedly differently among member countries. As background for the 2005 Article IV consultations with Fra...

I Determination and Impact of the Real Exchange Rate »
Source: Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies
Series: Books
Author(s): Charalambos Tsangarides , Carlo Cottarelli , Gian Milesi-Ferretti , and Atish Ghosh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 September 2008
ISBN: 9781589067288
Keywords: exchange rate, real exchange rate, exchange rate regime, exchange rates, exchange rate regimes
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