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Fund Transactions and Reserve Creation

Fund Transactions and Reserve Creation »

Source: Fund Transactions and Reserve Creation

Volume/Issue: 1992/107

Series: IMF Working Papers

Author(s): Samir Fawzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1992

ISBN: 9781451946741

Keywords: reserve tranche, repurchases, central bank, reserve asset, reserve assets

This paper describes the effects of Fund transactions on members’ external reserves, estimates the net reserve creation or absorption by the Fund in the 1980s, and compares the role of the Fund in this respe...

Factors Influencing Emerging Market Central Banks’ Decision to Intervene in Foreign Exchange Markets

Factors Influencing Emerging Market Central Banks’ Decision to Intervene in Foreign Exchange Markets »

Source: Factors Influencing Emerging Market Central Banks' Decision to Intervene in Foreign Exchange Markets

Volume/Issue: 2013/70

Series: IMF Working Papers

Author(s): Matthew Malloy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 2013

ISBN: 9781475532814

Keywords: exchange rate, reserve adequacy, foreign exchange reserves, exchange reserves

Using panel data for 15 economies from 2001-12, I identify determinants of central bank foreign exchange intervention in emerging markets ('EMs') with flexible to moderately managed exchange rates. Similar to other...

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...

Procyclicality in Central Bank Reserve Management

Procyclicality in Central Bank Reserve Management »

Source: Procyclicality in Central Bank Reserve Management : Evidence from the Crisis

Volume/Issue: 2010/150

Series: IMF Working Papers

Author(s): Jukka Pihlman , and Han Hoorn

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201334

Keywords: reserve management, central bank, banking, reserve managers, General Financial Markets,

A decade-long diversification of official reserves into riskier investments came to an abrupt end at the beginning of the global financial crisis, when many central bank reserve managers started to withdraw their d...

Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies »

Source: Comparing Parametric and Non-parametric Early Warning Systems for Currency Crises in Emerging Market Economies

Volume/Issue: 2013/134

Series: IMF Working Papers

Author(s): Fabio Comelli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 May 2013

ISBN: 9781484300589

Keywords: emerging markets., foreign exchange reserves, exchange reserves, exchange rate

The purpose of this paper is to compare in-sample and out-of-sample performances of three parametric and non-parametric early warning systems (EWS) for currency crises in emerging market economies (EMs). The parame...

Reserve Requirements and Monetary Management

Reserve Requirements and Monetary Management »

Source: Reserve Requirements and Monetary Management : An Introduction

Volume/Issue: 1993/35

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1993

ISBN: 9781451978445

Keywords: reserve requirements, reserve requirement, central bank, monetary control

Reserve requirements are widely used by central banks as a means to improve monetary control, an instrument for policy implementation, a source of revenue, and a safeguard of bank liquidity. The effectiveness of re...

An Analysis of Reserve Tranche Positions and their Use

An Analysis of Reserve Tranche Positions and their Use »

Source: An Analysis of Reserve Tranche Positions and their Use

Volume/Issue: 1988/107

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 1988

ISBN: 9781451946659

Keywords: reserve tranche, reserve tranche positions, balance of payments, current account, reserve assets

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...

Survey of Reserve Managers

Survey of Reserve Managers »

Source: Survey of Reserve Managers : Lessons from the Crisis

Volume/Issue: 2013/99

Series: IMF Working Papers

Author(s): Aideen Morahan , and Christian Mulder

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2013

ISBN: 9781484308486

Keywords: Foreign Currency Reserves, reserve managers, central banks, currency composition, reserve management, central bank,

This paper reports in detail on a survey that was circulated to reserve managing central banks of IMF member countries in April 2012. The survey aims to gain further insight into how reserve managers have reacted t...

Expected Devaluation and Economic Fundamentals

Expected Devaluation and Economic Fundamentals »

Source: Expected Devaluation and Economic Fundamentals

Volume/Issue: 1993/83

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1993

ISBN: 9781451954517

Keywords: exchange rate, foreign exchange, equation, exchange reserves

Recent incidents of exchange rate collapse have provoked interest in the extent to which such events are determined by economic fundamentals. This paper considers whether interest rate differentials are appropriate...

A Monetary Impulse Measure for Medium-Term Policy Analysis

A Monetary Impulse Measure for Medium-Term Policy Analysis »

Source: A Monetary Impulse Measure for Medium-Term Policy Analysis

Volume/Issue: 1994/146

Series: IMF Working Papers

Author(s): Bennett McCallum , and Monica Hargraves

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1994

ISBN: 9781451856583

Keywords: monetary base, low inflation, reserve requirements

The paper presents a measure of monetary impulse that is intended to reflect the medium-term inflationary implications of a nation’s current monetary policy. The measure consists of the growth rate of the mo...