Browse

You are looking at 1 - 10 of 14 items :

  • Insurance - Risk Assessment and Management x
  • Asia and the Pacific x
  • Sub-Saharan Africa x
  • IMF Working Papers x
Clear All
Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates »

Source: Exchange Rate Choices of Microstates

Volume/Issue: 2010/12

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

ISBN: 9781451962000

Keywords: Micro-states, Currency board, Fixed exchange rate, Geweke- Hajivassiliou-Keane Multivariate Simulator, exchange rate, inflation, central bank, Geweke-hajivassiliou-keane Multivariate Simulator,

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ab...

Exchange Rate Volatility Under Peg

Exchange Rate Volatility Under Peg »

Source: Exchange Rate Volatility Under Peg : Do Trade Patterns Matter?

Volume/Issue: 2012/73

Series: IMF Working Papers

Author(s): Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502251

Keywords: Basket peg, hard peg, exchange rate volatility, WAEMU, exchange rate, effective exchange rate, trading partners, nominal effective exchange rate, International Monetary Arrangements and Institutions,

This paper assesses the role of trade patterns in shaping the volatility of the effective exchange rate under two alternative peg regimes: a hard peg to a single currency and a peg to a basket of currencies. I link...

A Game-Theoretic Analysis of Corruption in Bureaucracies

A Game-Theoretic Analysis of Corruption in Bureaucracies »

Source: A Game-Theoretic Analysis of Corruption in Bureaucracies

Volume/Issue: 2000/106

Series: IMF Working Papers

Author(s): Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451852882

Keywords: hierarchies, multiple equilibria, wage, wage incentives, wages, central authorities, salaries

This paper examines interactions between self-interested agents in a two-tier government hierarchy, consisting of a central authority and bureaucrats in a two-stage game, where the actions of agents affect private...

A Game-Theoretic Analysis of Corruption in Bureaucracies

A Game-Theoretic Analysis of Corruption in Bureaucracies »

Volume/Issue: 2000/106

Series: IMF Working Papers

Author(s): Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

DOI: http://dx.doi.org/10.5089/9781451852882.001

ISBN: 9781451852882

Keywords: hierarchies, multiple equilibria, wage, wage incentives, wages, central authorities, salaries

This paper examines interactions between self-interested agents in a two-tier government hierarchy, consisting of a central authority and bureaucrats in a two-stage game, where the actions of agents affect private...

A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries

A Principal-Agent Theory Approach to Public Expenditure Management Systems in Developing Countries »

Volume/Issue: 2006/204

Series: IMF Working Papers

Author(s): Luc Leruth , and Elisabeth Paul

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2006

DOI: http://dx.doi.org/10.5089/9781451864649.001

ISBN: 9781451864649

Keywords: principal-agent theory, probability, expenditure, public expenditure, expenditure management,

A well-functioning public expenditure management (PEM) system is considered a critical pillar of government efficiency, on par with a low-distortion tax system and efficient tax administration. The paper discusses...

Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates »

Volume/Issue: 2010/12

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

DOI: http://dx.doi.org/10.5089/9781451962000.001

ISBN: 9781451962000

Keywords: Micro-states, Currency board, Fixed exchange rate, Geweke- Hajivassiliou-Keane Multivariate Simulator, exchange rate, inflation, central bank, Geweke-hajivassiliou-keane Multivariate Simulator,

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ab...

Exchange Rate Volatility Under Peg
			: Do Trade Patterns Matter?

Exchange Rate Volatility Under Peg : Do Trade Patterns Matter? »

Volume/Issue: 2012/73

Series: IMF Working Papers

Author(s): Constant Lonkeng Ngouana

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

DOI: http://dx.doi.org/10.5089/9781475502251.001

ISBN: 9781475502251

Keywords: Basket peg, hard peg, exchange rate volatility, WAEMU, exchange rate, effective exchange rate, trading partners, nominal effective exchange rate, International Monetary Arrangements and Institutions,

This paper assesses the role of trade patterns in shaping the volatility of the effective exchange rate under two alternative peg regimes: a hard peg to a single currency and a peg to a basket of currencies. I link...

Monetary Concepts and Definitions

Monetary Concepts and Definitions »

Volume/Issue: 1989/92

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1989

DOI: http://dx.doi.org/10.5089/9781451951387.001

ISBN: 9781451951387

Keywords: savings deposits, money market, bonds, central bank, monetary aggregates

This paper examines monetary concepts and definitions. It notes that approaches to monetary analysis, and the concept of money itself, have been undergoing substantial change in many countries due in large part to...

Tourism Specialization and Economic Development
			: Evidence from the UNESCO World Heritage List

Tourism Specialization and Economic Development : Evidence from the UNESCO World Heritage List »

Volume/Issue: 2009/176

Series: IMF Working Papers

Author(s): John Piotrowski , Rabah Arezki , and Reda Cherif

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873238.001

ISBN: 9781451873238

Keywords: economic development and growth and instrumental variables, unesco world heritage, heritage, world heritage,

The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumenta...

The Impact of Foreign Interest Rateson the Economy
			: The Role of the Exchange Rate Regime

The Impact of Foreign Interest Rateson the Economy : The Role of the Exchange Rate Regime »

Volume/Issue: 2006/37

Series: IMF Working Papers

Author(s): Julian Di Giovanni , and Jay Shambaugh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2006

DOI: http://dx.doi.org/10.5089/9781451862973.001

ISBN: 9781451862973

Keywords: Exchange rate regime, international transmission, exchange rate, inflation, nominal interest rate, Macroeconomic Aspects Of International Trade And Finance,

This paper explores the connection between interest rates in major industrial countries and annual real output growth in other countries. The results show that high large-country interest rates have a contractionar...