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International Monetary Fund - 1988

time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …

Persistent link: https://www.econbiz.de/10014396175

Interest Rate Volatility and Risk in Indian Banking

International Monetary Fund - 2004

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to … assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …

Persistent link: https://www.econbiz.de/10014404135

Exchange Rate Volatility and World Trade

International Monetary Fund - 1984

In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate...

Persistent link: https://www.econbiz.de/10014406218

Exchange Rate Volatility and Trade Flows : Some New Evidence

International Monetary Fund - 2004

Persistent link: https://www.econbiz.de/10014409758

Exchange Rate Movements and International Interdependence of Stock Markets

International Monetary Fund - 1989

predictions of the theory …

Persistent link: https://www.econbiz.de/10014396348

Trade Costs and Real Exchange Rate Volatility : The Role of Ricardian Comparative Advantage

International Monetary Fund - 2005

This paper examines the impact of trade costs on real exchange rate volatility. We incorporate a multi … exchange rate volatility depends on relative technological differences and trade costs. These differences highlight a new … volatility. We then test the importance of this channel using a large panel of cross-country data over 1970-97, and find strong …

Persistent link: https://www.econbiz.de/10014399797

Remoteness and Real Exchange Rate Volatility

International Monetary Fund - 2005

This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing … higher trade costs result in a larger nontradable sector. This, in turn, leads to higher real exchange rate volatility. We …

Persistent link: https://www.econbiz.de/10014404193

Stock Prices, Real Exchange Rates, and Optimal Capital Accumulation

International Monetary Fund - 1988

This paper analyzes the dynamics of the real exchange rate and the price of equity for a small open economy using an optimizing model in which the process of capital accumulation entails adjustment costs. The analysis demonstrates that along an adjustment path toward long-run equilibrium,...

Persistent link: https://www.econbiz.de/10014396304

Model Uncertainty. Learning, and the Gains from Coordination

International Monetary Fund - 1988

The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...

Persistent link: https://www.econbiz.de/10014395854

Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy

International Monetary Fund - 2010

This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia,...

Persistent link: https://www.econbiz.de/10014398416