Browse

You are looking at 1 - 10 of 103 items :

  • Money and Monetary Policy x
Clear All
Credibility and Exchange Rate Management in Developing Countries

Credibility and Exchange Rate Management in Developing Countries »

Source: Credibility and Exchange Rate Management in Developing Countries

Volume/Issue: 1991/87

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1991

ISBN: 9781451850925

Keywords: exchange rate, inflation, fixed exchange rate, real exchange rate, nominal exchange rate

The paper examines the role of credibility in the conduct of exchange rate policy in developing countries, The analysis is based on a model in which policymakers are concerned about inflation and external competiti...

Credit Expansion and the Macroprudential Policy Function in Russia1

Credit Expansion and the Macroprudential Policy Function in Russia1 »

Source: Russian Federation : Selected Issues

Volume/Issue: 2013/311

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2013

ISBN: 9781484343470

Keywords: exchange rate, exchange rate volatility, exchange rate regime, exchange rates, exchange rate regimes, Exchange rate regimes],

This Selected Issues paper analyzes the impact of the adoption of inflation targeting (IT) on exchange rate volatility in Russian Federation. Russia has seen an increase in exchange rate volatility during the past...

Dedollarization

Dedollarization »

Source: Dedollarization

Volume/Issue: 2010/188

Series: IMF Working Papers

Author(s): Annamaria Kokenyne , Jeremy Ley , and Romain Veyrune

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

ISBN: 9781455202225

Keywords: macroeconomic stabilization, foreign currency, exchange rate, inflation, Financial Institutions and Services: Government Policy and Regulation,

This paper provides a summary of the key policies that encourage dedollarization. It focuses on cases in which the authorities' intention is to gain greater control of monetary policy and draws on the experiences o...

Determinants of Foreign Currency Borrowing in the New Member States of the EU

Determinants of Foreign Currency Borrowing in the New Member States of the EU »

Source: Determinants of Foreign Currency Borrowing in the New Member States of the EU

Volume/Issue: 2008/173

Series: IMF Working Papers

Author(s): Christoph Rosenberg , and Marcel Tirpák

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2008

ISBN: 9781451870312

Keywords: Foreign currency borrowing, new EU member states, foreign currency, exchange rate, foreign exchange, inflation, currency risk,

The paper investigates the determinants of foreign currency borrowing by the private sector in the new member states of the European Union. We find that striking differences in patterns of foreign currency borrowin...

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries »

Source: Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

Volume/Issue: 1989/11

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

ISBN: 9781451925845

Keywords: exchange rate, terms of trade, foreign exchange, real exchange rates, real exchange rate

This paper develops a small analytical model to explore the relationship between the dynamics of macroeconomic adjustment and the timing of the implementation of an adjustment program featuring a nominal devaluatio...

Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?

Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates? »

Source: Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?

Volume/Issue: 1994/60

Series: IMF Working Papers

Author(s): Patrick Asea , and Enrique Mendoza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1994

ISBN: 9781451847987

Keywords: relative price, real exchange rates, exchange rates, real exchange rate, relative prices

We develop a two-country, balanced-growth intertemporal general equilibrium model to examine two predictions of the Balassa-Samuelson model, namely that (i) productivity differentials determine the domestic relativ...

Dornbusch's Overshooting Model After Twenty-Five Years

Dornbusch's Overshooting Model After Twenty-Five Years »

Source: Dornbusch's Overshooting Model After Twenty-Five Years

Volume/Issue: 2002/39

Series: IMF Working Papers

Author(s): Kenneth Rogoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2002

ISBN: 9781451845846

Keywords: Overshooting, exchange rate, rational expectations, money supply, real exchange rates, Open Economy Macroeconomics,

This Mundell Fleming lecture at the International Monetary Fund’s 2001 annual research conference marks the 25th anniversary of Rudiger Dornbusch’s masterpiece, “Expectations and Exchange Rate...

The Empirics of Foreign Exchange Intervention in Emerging Markets

The Empirics of Foreign Exchange Intervention in Emerging Markets »

Source: The Empirics of Foreign Exchange Intervention in Emerging Markets : The Cases of Mexico and Turkey

Volume/Issue: 2004/123

Series: IMF Working Papers

Author(s): Cem Karacadag , and Roberto Guimarães

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451854640

Keywords: Central bank intervention, foreign exchange market, capital flow, exchange rate, exchange rate volatility, foreign exchange sales,

This paper analyzes the effects of intervention on the level and volatility of the exchange rate in Mexico and Turkey, two emerging countries that have floating exchange rate regimes. The paper finds mixed evidence...

Exchange Rate-Based Stabilization in Western Europe

Exchange Rate-Based Stabilization in Western Europe »

Source: Exchange Rate-Based Stabilization in Western Europe : Greece, Ireland, Italy and Portugal

Volume/Issue: 1997/75

Series: IMF Working Papers

Author(s): Enrica Detragiache , and A. Hamann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1997

ISBN: 9781451849691

Keywords: Inflation stabilization, Western Europe, exchange rate, real exchange rate, monetary policy

This paper compares the experience with exchange-rate–based stabilization (ERBS) of four Western European countries with that of high-inflation developing countries. In general, the behavior of key macroecon...

Exchange-Rate-Based Stabilization under Imperfect Credibility

Exchange-Rate-Based Stabilization under Imperfect Credibility »

Source: Exchange-Rate-Based Stabilization under Imperfect Credibility

Volume/Issue: 1991/77

Series: IMF Working Papers

Author(s): Guillermo Calvo , and Carlos Végh Gramont

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1991

ISBN: 9781451849912

Keywords: exchange rate, real exchange rate, inflation rate, nominal interest rate

This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and p...