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Interest Rate Determination in Lebanon

Interest Rate Determination in Lebanon »

Source: Interest Rate Determination in Lebanon

Volume/Issue: 2006/94

Series: IMF Working Papers

Author(s): Tushar Poddar , Mangal Goswami , Juan Sole , and Victor Echévarria Icaza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2006

ISBN: 9781451863543

Keywords: eurobonds, international reserves, deposit rates, eurobond

This paper seeks to understand how interest rates are formed in Lebanon, by focusing on the pass-through from benchmark rates, prevailing liquidity conditions, and the main characteristics of the Lebanese economy,...

The Currency Composition of Foreign Exchange Reserves

The Currency Composition of Foreign Exchange Reserves »

Source: The Currency Composition of Foreign Exchange Reserves : Retrospect and Prospect

Volume/Issue: 2000/131

Series: IMF Working Papers

Author(s): Barry Eichengreen , and Donald Mathieson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2000

ISBN: 9781451855272

Keywords: International reserves, currency composition, foreign exchange, central banks, exchange reserves

This paper examines the determinants of the currency composition of international reserves. Our single most important finding is the striking stability over time of the relationship between the demand for reserves...

The Demand Cor International Reserves and their Opportunity Cost

The Demand Cor International Reserves and their Opportunity Cost »

Source: The Demand Cor International Reserves and their Opportunity Cost

Volume/Issue: 1988/105

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 December 1988

ISBN: 9781451947328

Keywords: reserve holdings, international reserves, financial markets, international financial markets, international borrowing

An empirical study that shows that countries’ reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major curre...

International Reserve Adequacy in the Gambia1

International Reserve Adequacy in the Gambia1 »

Source: International Reserve Adequacy in the Gambia

Volume/Issue: 2010/215

Series: IMF Working Papers

Author(s): Eugen Tereanu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455208807

Keywords: Reserve adequacy, Optimal reserves, exchange rate, reserve accumulation, International Finance: General, Gambia,

This paper applies intertemporal models of precautionary saving to compute an optimal level of international reserves for The Gambia. The analysis focuses on current account shocks specific to a low-income economy...

A Fiscal Price Tag for International Reserves

A Fiscal Price Tag for International Reserves »

Source: A Fiscal Price Tag for International Reserves

Volume/Issue: 2005/81

Series: IMF Working Papers

Author(s): David Hauner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2005

ISBN: 9781451861006

Keywords: External debt, Reserves, International finance, International reserves, opportunity cost, yield spreads, currency composition, reserve holdings, central bank

This paper examines the (quasi-)fiscal impact of the (opportunity) cost of international reserves. It proposes a conceptual framework, with particular emphasis on two hitherto somewhat neglected aspects: a more app...

Insurance Value of International Reserves

Insurance Value of International Reserves »

Source: Insurance Value of International Reserves : An Option Pricing Approach

Volume/Issue: 2004/175

Series: IMF Working Papers

Author(s): Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451858785

Keywords: option, underlying asset, international reserves, reserve holding, external debt, currency crises, reserve holdings, Open Economy Macroeconomics,

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Fiscal Expansion and External Current Account Balance

Fiscal Expansion and External Current Account Balance »

Source: Fiscal Expansion and External Current Account Balance

Volume/Issue: 1988/100

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 November 1988

ISBN: 9781451948622

Keywords: current account, balance of payments, bonds, government debt, international reserves

This paper analyzes, in a general equilibrium framework, how fiscal policy transmits its effects to the current account of the balance of payments. In discussing the role of fiscal policies in the Fund’s sta...

France and the Breakdown of the Bretton Woods International Monetary System

France and the Breakdown of the Bretton Woods International Monetary System »

Source: France and the Breakdown of the Bretton Woods International Monetary System

Volume/Issue: 1994/128

Series: IMF Working Papers

Author(s): Dominique Simard , Michael Bordo , and Eugene White

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 1994

ISBN: 9781451935363

Keywords: monetary system, international monetary system, balance of payments, gold reserves

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Bilateral Financial Linkages and Global Imbalances

Bilateral Financial Linkages and Global Imbalances »

Source: Bilateral Financial Linkages and Global Imbalances : a View on The Eve of the Financial Crisis

Volume/Issue: 2010/257

Series: IMF Working Papers

Author(s): Gian Milesi-Ferretti , Natalia Tamirisa , and Francesco Strobbe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

ISBN: 9781455209576

Keywords: International financial integration, claims, fdi, portfolio investment, foreign exchange reserves,

We present a novel and comprehensive dataset of bilateral gross and net external positions in various financial instruments for the main advanced and emerging economies and regions, designed to improve our understa...

International Reserve Trends in the South Caucasus and Central Asia Region

International Reserve Trends in the South Caucasus and Central Asia Region »

Source: International Reserve Trends in the South Caucasus and Central Asia Region

Volume/Issue: 2008/41

Series: IMF Working Papers

Author(s): Holger Floerkemeier , and Mariusz Sumlinski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2008

ISBN: 9781451869033

Keywords: Balance of Payments Crises, reserve holdings, capital markets, international capital markets, risk aversion, international capital,

In recent years, the South Caucasus and Central Asia countries (CCA-6) have received significant foreign exchange inflows. While a healthy reserve buffer is desirable to selfinsure against external crises, holding...