Search Results - subject:"Exchange Rate Misalignment"

International Monetary Fund (IMF); International … - 2004

paper examines the possibility of an exchange rate misalignment from various perspectives. It considers different notions of …

Persistent link: https://www.econbiz.de/10005591662

Exchange Rate Misalignment in Pakistan: Evidence from Purchasing Power Parity Theory

qayyum, Abdul; Khan, Arshad; Zaman, Kair-u - Volkswirtschaftliche Fakultät, … - 2004

In this study we have tested the validity of purchasing power parity hypothesis and exchange rate misalignment for … these findings implies that exchange rate misalignment relative to PPP would eventually be corrected through commensurate …

Persistent link: https://www.econbiz.de/10005621689

From Fixed to Float; Operational Aspects of Moving towards Exchange Rate Flexibility

Fernandez, Gilda; Karacadag, Cem; Duttagupta, Rupa - International Monetary Fund (IMF) - 2004

This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with...

Persistent link: https://www.econbiz.de/10005826173

Empirical Exchange Rate Models of the Nineties; Are Any Fit to Survive?

Cheung, Yin-Wong; Pascual, Antonio Garcia; Chinn, … - International Monetary Fund (IMF) - 2004

We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...

Persistent link: https://www.econbiz.de/10005263978

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

Karacadag, Cem; Guimarães, Roberto Pereira - International Monetary Fund (IMF) - 2004

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 on the effectiveness of intervention. In Mexico, foreign exchange sales have a...

Persistent link: https://www.econbiz.de/10005264020

Asian crises : theory, evidence, warning-signals

Stein, Jerome L.; Lim, Guay C. - 2004

In July 1997, the economies of East Asia became embroiled in one of the worst financial crises of the postwar period. Yet, prior to the crisis, these economies were seen as models of economic growth experiencing sustained growth rates that exceeded those earlier thought unattainable. Why did the...

Persistent link: https://www.econbiz.de/10011402540

NOMINAL EXCHANGE RATE MISALIGNMENT: IS IT PARTICULARLY IMPORTANT TO AGRICULTURAL TRADE?

Cho, Guedae; Kim, Minkyoung; Sun, Edwin; Jin, Hyun Joung; … - 2003

This paper examines whether exchange rate misalignment negatively affects agricultural trade, compared to other … industry sectors. Nominal exchange rate misalignment is obtained from the percentage deviation of real exchange rates from …-scale manufacturing sectors considered in this paper, exports are not significantly affected by exchange rate misalignment. …

Persistent link: https://www.econbiz.de/10009443983

Competitiveness in the Baltics in the Run-Up to EU Accession

International Monetary Fund (IMF); International … - 2003

This paper analyzes competitiveness in the Baltics in the run-up to European Union accession. Several factors appear to have driven movements in equilibrium real exchange rates in the Baltics since the start of the transition process. In the earlier years of transition, price liberalization,...

Persistent link: https://www.econbiz.de/10005591344

Albania; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2003

This Selected Issues paper and Statistical Appendix analyzes causes and consequences of real exchange rate appreciation in Albania. The paper highlights that Albania has experienced a sustained real appreciation since 1992, which appears to have been brought about by largely beneficial...

Persistent link: https://www.econbiz.de/10005768403

NOMINAL EXCHANGE RATE MISALIGNMENT: IS IT PARTICULARLY IMPORTANT TO AGRICULTURAL TRADE?

Cho, Guedae; Kim, MinKyoung; Sun, Edwin; Jin, Hyun Joung; … - Department of Agribusiness and Applied Economics, North … - 2003

Persistent link: https://www.econbiz.de/10005806338