Search Results - subject:"Nominal Exchange Rate"

Syrian Arab Republic; 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2007

This 2007 Article IV Consultation highlights that over the past three years, Syria has recovered from a half decade of weak growth, notwithstanding an unsettled regional environment and a sharp drop in oil production. The economic recovery has gained momentum, benefiting from inflows from Iraqi...

Persistent link: https://www.econbiz.de/10011245848

Financial Dollarization in Latin America

Rennhack, Robert; Nozaki, Masahiro - International Monetary Fund (IMF) - 2006

This paper tests several explanations for financial dollarization (FD), with an emphasis on Latin America. The results provide evidence that FD is a rational response to inflation uncertainty. The paper builds on previous research by finding that an exchange rate policy biased towards currency...

Persistent link: https://www.econbiz.de/10005769133

Botswana; 2005 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statements by the Authorities of Botswana

International Monetary Fund (IMF); International … - 2006

The staff report for the 2005 Article IV Consultation on Botswana highlights key issues, recent developments, and policy discussions. The authorities are strengthening their structural reform agenda and moving ahead with sector-specific development programs with a view to sustaining annual...

Persistent link: https://www.econbiz.de/10005599088

Inflation Targeting in Dollarized Economies

Leiderman, Leonardo; Maino, Rodolfo; Parrado, Eric - International Monetary Fund (IMF) - 2006

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful implementation were not in place. The existence of managed exchange rate regimes, a...

Persistent link: https://www.econbiz.de/10005599767

To Peg or Not to Peg; A Template for Assessing the Nobler

Husain, Aasim M. - International Monetary Fund (IMF) - 2006

This paper proposes a template for assessing whether or not a country's economic and financial characteristics make it an appropriate candidate for a pegged exchange rate regime. The template employs quantifiable measures of attributes-trade orientation, financial integration, economic...

Persistent link: https://www.econbiz.de/10005605213

Monetary Transmission Mechanisms in Belarus

Maino, Rodolfo; Horváth, Balázs - International Monetary Fund (IMF) - 2006

We explore monetary policy transmission by estimating VAR impulse response functions to illustrate the Belarusian economy's response to unexpected changes in policy and exogenous variables. We find a significant exchange rate pass-through to prices, and interest rate policy following, rather...

Persistent link: https://www.econbiz.de/10005825964

The IMF's Reserves Template and Nominal Exchange Rate Volatility

Gonzalez-Garcia, Jesus; Cady, John - International Monetary Fund (IMF) - 2006

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

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

FEER for the CFA Franc

Tsangarides, Charalambos G.; Abdih, Yasser - International Monetary Fund (IMF) - 2006

We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA franc zone (CEMAC and WAEMU) vis-à-vis their long-run equilibrium paths. For both...

Persistent link: https://www.econbiz.de/10005264103

Syrian Arab Republic; 2006 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2006

The economic recovery since 2004 has been accompanied by a steady rise in inflation. Several factors have contributed, including an expansionary monetary stance (with credit to the private sector growing by some 45 percent). Although pleased with the recent improvement of the economy, the...

Persistent link: https://www.econbiz.de/10011243619

Tunisia; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tunisia

International Monetary Fund (IMF); International … - 2006

Tunisia showed excellent economic performance. Executive Directors commended the strong economic performance and resilience to adverse shocks, subdued inflation, strengthened reserves, and increasing capital inflows, which underscored the benefits of sustained sound macroeconomic policies and...

Persistent link: https://www.econbiz.de/10011243720