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Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the purposes of Rule 0-2(a)

International Monetary Fund - 2016

This paper proposes modifications to the method of collecting exchange rates for the calculation of the value of the SDR for the purposes of Rule O-2(a). The value of the SDR in terms of the U.S. dollar is determined daily as the sum of the equivalents in U. S. dollar values of the amounts of...

Persistent link: https://www.econbiz.de/10014408667

Temporary Import Tariffs, the Real Exchange Rate and the Current Account

International Monetary Fund - 1988

In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...

Persistent link: https://www.econbiz.de/10014395800

The Balance of Trade, the Terms of Trade, and the Real Exchange Rate : An Intertemporal Optimizing Framework

International Monetary Fund - 1988

This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, and permanent changes in the terms of trade. The results suggest that the...

Persistent link: https://www.econbiz.de/10014396150

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

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

The Purchasing Power Parity Criterion for Stabilizing Exchange Rates

International Monetary Fund - 1989

The use of purchasing power parity as a basis of fixing exchange rates among industrial countries, as proposed by McKinnon, is discussed and contrasted with alternative interpretations of the PPP doctrine. Major policy implications of such a regime are emphasized. Furthermore, a new technique...

Persistent link: https://www.econbiz.de/10014396355

Exchange Rate Unification, the Equilibrium Real Exchange Rate, and Choice of Exchange Rate Regime : The Case of the Islamic Republic of Iran

International Monetary Fund - 1999

This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after unification. The study illustrates how economic...

Persistent link: https://www.econbiz.de/10014401804