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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

An Institutional Framework for Comparing Emerging Market Currency Boards

Gilson, Marie-Thérèse Camilleri - International Monetary Fund (IMF) - 2004

Argentina (until 2001), Eastern Europe, and Asia. An index of precommitment is derived from an analysis of legislative …

Persistent link: https://www.econbiz.de/10005826104

The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries

Ghosh, Atish R.; Basurto, Gabriela - International Monetary Fund (IMF) - 2000

Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts about the efficacy of increasing interest rates to defend the currency. Using a standard monetary model of exchange rate determination, this paper shows that tighter monetary...

Persistent link: https://www.econbiz.de/10005826134

A Quantitative Assessment of Financial Conditions in Asia

Osorio, Carolina; Unsal, D. Filiz; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011

used as a leading indicator. Based on the FCI, financial conditions in Asia tightened substantially earlier in the global … crisis, reflecting losses in the stock markets and tighter credit conditions. In early 2010, financial conditions in Asia …

Persistent link: https://www.econbiz.de/10009203540

Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia

Sandri, Damiano; Rabanal, Pau; Méjean, Isabelle - International Monetary Fund (IMF) - 2011

Asia. We compare scenarios where both Chinese and other emerging Asian export prices change by the same proportion to the …A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to … emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in …

Persistent link: https://www.econbiz.de/10008876596

Sovereign Spreads and Contagion Risks in Asia

Unsal, D. Filiz; Caceres, Carlos - International Monetary Fund (IMF) - 2011

This paper explores how much of the movements in the sovereign spreads of Asian economies over the course of the global financial crisis has reflected shifts in (i) global risk aversion; (ii) country-specific risks, directly from worsening fundamentals, and indirectly from spillovers originating...

Persistent link: https://www.econbiz.de/10009151202

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

Exchange Rates and Economic Fundamentals; A Framework for Analysis

Symansky, Steven A.; Clark, Peter B.; Bartolini, Leonardo; … - International Monetary Fund (IMF) - 1994

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals.

Persistent link: https://www.econbiz.de/10005824872

Financial Integration in Asia; Recent Developments and Next Steps

Teo, Leslie; Cowen, David; Shah, Hemant; Salgado, Ranil; … - International Monetary Fund (IMF) - 2006

-of financial integration in Asia. The third considers the implications of economic integration for the choice of the exchange rate …

Persistent link: https://www.econbiz.de/10005826187

Central America; Global Integration and Regional Cooperation

Rodlauer, Markus; Schipke, Alfred - International Monetary Fund (IMF) - 2005

Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examinesâ€”among other thingsâ€”the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...

Persistent link: https://www.econbiz.de/10005252532