Search Results - subject:"Exchange Controls"

Foreign exchange controls, fiscal and monetary policy, and the black market premium

Fardmanesh, Mohsen; Douglas, Seymour - 2003

policies. Our reduced form estimates indicate that exchange controls, expansionary fiscal and monetary policy, and changes of … government mostly have the expected positive effect on the black market premium. After past values of the premium, exchange … controls exert the strongest impact on the premium. …

Persistent link: https://www.econbiz.de/10011609644

Capital Flows to Transition Economies; Master or Servant

Lipschitz, Leslie; Mourmouras, Alex; Lane, Timothy D. - International Monetary Fund (IMF) - 2002

This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences—specifically, the real exchange rate history and trend and the factor intensity of production—can combine to motivate very large capital...

Persistent link: https://www.econbiz.de/10005769312

A Balance Sheet Approach to Financial Crisis

Setser, Brad; Roubini, Nouriel; Keller, Christian; … - International Monetary Fund (IMF) - 2002

The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It focuses on the risks created by maturity, currency,...

Persistent link: https://www.econbiz.de/10005825923

Financial Repression and Exchange Rate Management in Developing Countries; Theory and Empirical Evidence for India

Kohli, Renu; Kletzer, Kenneth - International Monetary Fund (IMF) - 2001

Most developing countries have imposed restrictions on domestic and international financial transactions at one time or another. Such restrictions have allowed governments to generate significant proportions of their revenues from financial repression while restraining inflation. The eventual...

Persistent link: https://www.econbiz.de/10005826206

Economic implications of foreign exchange rationing in Ethiopia:

Dorosh, Paul A.; Robinson, Sherman; Ahmed, Hashim - International Food Policy Research Institute (IFPRI) - 2009

This paper examines macro-economic developments in Ethiopia between 2004/05 and 2008/09, focusing on the external accounts and the real exchange rate. Simulations using a Computable General Equilibrium (CGE) model of Ethiopia's economy show that, compared to a policy of foreign exchange...

Persistent link: https://www.econbiz.de/10011114815

Economic implications of foreign exchange rationing in Ethiopia:

Dorosh, Paul A.; Robinson, Sherman; Ahmed, Hashim - International Food Policy Research Institute (IFPRI) - 2009

rationing. Foreign exchange controls result in the creation of large rents that likely accrue mainly to nonpoor households. At … the same time, foreign exchange controls reduce economic efficiency so that real incomes from factors of production (land … exchange controls inhibit depreciation of the real exchange rate, and thus slow or prevent reversal of the real exchange rate …

Persistent link: https://www.econbiz.de/10010933116

Caribbean Approaches to Economic Stabilization

Hilaire, Alvin - International Monetary Fund (IMF) - 2000

In the late 1980s Barbados, Guyana, Jamaica, and Trinidad and Tobago found themselves in severe economic difficulties. Their ensuing economic strategies were all market-based, featured fiscal contraction and trade liberalization, multilateral support loans and, later on, tax and financial sector...

Persistent link: https://www.econbiz.de/10005769224

Determinants of Inflation in the Islamic Republic of Iran; A Macroeconomic Analysis

Liu, O.; Adedeji, Olumuyiwa - International Monetary Fund (IMF) - 2000

This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran. An empirical model was estimated by taking into consideration disequilibria in the markets for money, foreign exchange, and goods. Results strongly support the need for a...

Persistent link: https://www.econbiz.de/10005825654

Northwest of Suez; The 1956 Crisis and the IMF

Boughton, James M. - International Monetary Fund (IMF) - 2000

Egypt’s nationalization of the Suez Canal in 1956 and the failed attempt by France, Israel, and Britain to retake it by force constituted a serious political crisis with significant economic consequences. For the United Kingdom, it engendered a financial crisis as well. That all four of the...

Persistent link: https://www.econbiz.de/10005826526

What Caused the 1991 Currency Crisis in India?

Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2000

Did real overvaluation contribute to the 1991 currency crisis in India? This paper seeks an answer by constructing the equilibrium real exchange rate, using an error correction model and a technique developed by Gonzalo and Granger (1995). The results are affirmative and the evidence indicates...

Persistent link: https://www.econbiz.de/10005263897