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Euro Area Policies; Selected Issues
International Monetary Fund (IMF); International … - 2003
examines exchange-rate pass-through and external adjustment in the euro area. The impact on third-country trade and investment …
Persistent link: https://www.econbiz.de/10005824959
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The Gambia; Staff-Monitored Program
International Monetary Fund (IMF); International … - 2006
This paper focuses on the Staff-Monitored Program (SMP) for The Gambia. Understandings have been reached with the authorities on the SMP covering the period October 1, 2005 to March 31, 2006. Key objectives of the program include making progress toward fiscal sustainability, strengthening...
Persistent link: https://www.econbiz.de/10005825047
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Solomon Islands; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper for the Solomon Islands reviews budget trends in the past decade and assesses medium-term budget prospects. Aid flows and revenue from import tariffs and logging are projected to decline. Spending pressures are likely to pick up considerably, owing to the need to...
Persistent link: https://www.econbiz.de/10005825357
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Mongolia; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2005
This Selected Issues paper and Statistical Appendix presents an overview of the fiscal developments in Mongolia since the late 1990s. It assesses the “quality†of the ongoing fiscal adjustment. The paper examines the dramatic expansion of bank credit to the private sector over the last...
Persistent link: https://www.econbiz.de/10005825533
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Real Exchange Rates and Fundamentals; A Cross-Country Perspective
Ricci, Luca Antonio; Lee, Jaewoo; Milesi-Ferretti, … - International Monetary Fund (IMF) - 2008
of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636
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Predicting Emerging Market Currency Crashes
Perraudin, W. R. M.; Kumar, Manmohan S.; Moorthy, Uma - International Monetary Fund (IMF) - 2002
This paper assesses the extent to which crashes in emerging market currencies are predictable using simple logit models based on lagged macroeconomic and financial data. To evaluate our model, we calculate trading strategies in which an investor goes long or short in the currency depending on...
Persistent link: https://www.econbiz.de/10005825803
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Trade in the WAEMU; Developments and Reform Opportunities
Weisfeld, Hans; Goretti, Manuela - International Monetary Fund (IMF) - 2008
This paper provides an overview of trade reform in the West African Economic and Monetary Union (WAEMU) since 1996 and … a quantitative assessment of potential effects on trade patterns and tariff revenue of the current reform agenda …. Despite evidence of significant trade complementarities within WAEMU, implementation of the union's current trade regime still …
Persistent link: https://www.econbiz.de/10005825805
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Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy
Turnovsky, Stephen J.; Tekin, Serpil; Cerra, Valerie - International Monetary Fund (IMF) - 2008
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because...
Persistent link: https://www.econbiz.de/10005825842
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Trade Patterns Among Industrial Countries; Their Relationship to Technology Differences and Capital Mobility
Saito, Mika - International Monetary Fund (IMF) - 2004
Hicksian measure). The distinction between the two measures is important to the extent that trade patterns are inconsistent …
Persistent link: https://www.econbiz.de/10005825862
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Patterns of Shocks and Regional Monetary Cooperation in South Asia
Maskay, Nephil Matangi - International Monetary Fund (IMF) - 2003
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897