The IMF's Reserves Template and Nominal Exchange Rate Volatility

The effects of the adoption of the IMF's International Reserves and Foreign Currency Liquidity Data Template on nominal exchange rate volatility are investigated for 48 countries. Estimation of panel data models indicates that nominal exchange rate volatility decreases following dissemination of reserves template data while the effects of indebtedness and reserve adequacy on volatility exhibit statistically significant changes.

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Year of publication:	2006-12-01
Authors:	Gonzalez-Garcia, Jesus ; Cady, John
Institutions:	International Monetary Fund (IMF)
Subject:	Foreign exchange reserves \| Liquidity \| Special Data Dissemination Standard \| Economic models \| exchange rate \| exchange rate volatility \| nominal exchange rate \| standard error \| dummy variable \| exchange rate regime \| dummy variables \| current account balance \| exchange rates \| fixed exchange rate \| statistic \| fixed exchange rate regime \| intermediate exchange rate regime \| intermediate exchange rate \| equation \| exchange rate regimes \| foreign exchange \| correlation \| standard errors \| statistics \| standard deviation \| nominal exchange rates \| instrumental variables \| covariance \| fixed exchange rates \| linear trend \| probability \| log nominal exchange rate \| estimation of equation \| statistical significance \| constant term \| bilateral exchange rates \| exchange reserves \| logarithm \| linear time \| real exchange rates \| experimental data \| linear time trend \| effective exchange rate \| data analysis \| time series \| determinant of exchange rate \| outlier \| exchange rate variability \| real exchange rate \| classification of exchange rate \| exchange rate data \| real exchange rate volatility \| bilateral exchange rate \| exchange rate variations \| standard deviations \| fixed exchange rate regimes \| financial statistics \| currency units

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 06/274 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005826469