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Exchange Rate Regime Considerations for Jordan and Lebanon

Bhattacharya, Rina - International Monetary Fund (IMF) - 2003

This paper addresses the issue of the appropriate exchange rate regimes for Jordan and Lebanon in the context of the literature on optimum currency areas and the arguments concerning the use of the exchange rate as a nominal anchor for the economy. It presents some empirical results on the...

Persistent link: https://www.econbiz.de/10005768808

Export Orientation and Productivity in Sub-Saharan Africa

Pattillo, Catherine A.; Mengistae, Taye - International Monetary Fund (IMF) - 2002

Analysis of firm-level panel data from three sub-Saharan African economies shows that exporting manufacturers have a total factor productivity premium of 11-28 percent. The data do not allow testing of whether these premiums are caused by selection of more efficient producers into exporting or...

Persistent link: https://www.econbiz.de/10005768934

Effects of Volatile Asset Priceson Balance of Payments and International Investment Position

Committeri, Marco - International Monetary Fund (IMF) - 2000

relationship between international investment position (IIP) and balance of payments (BOP) statistics. Exact and approximated … statistics with IIP and external debt stock statistics, and discuss (a) how such accuracy is affected by volatile asset prices … make use of more detailed financial information in compiling BOP and IIP statistics. …

Persistent link: https://www.econbiz.de/10005768936

Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates

Leon, H. L.; Najarian, Serineh - International Monetary Fund (IMF) - 2003

This paper examines whether deviations from PPP are stationary in the presence of nonlinearity, and whether the adjustment toward PPP is symmetric from above and below. Using alternative nonlinear models, our results support mean reversion and asymmetric adjustment dynamics. We find differences...

Persistent link: https://www.econbiz.de/10005769039

The Link Between Adherence to International Standards of Good Practice, Foreign Exchange Spreads, and Ratings

Tiffin, Andrew; Mulder, Christian B.; Christofides, … - International Monetary Fund (IMF) - 2003

This paper examines the relationship between adherence to international standards of good practice in policy-making and two key indicators of access to capital markets and the cost of this access: spreads and sovereign ratings. In contrast to other work, this study reviews a broad set of...

Persistent link: https://www.econbiz.de/10005769141

Misalignment and Managed Exchange Rates; An Application to the Thai Baht

Lim, G. C. - International Monetary Fund (IMF) - 2000

This paper proposes a methodology for analyzing dynamic misalignment in managed exchange rate systems that combines the estimation approach to modeling the real exchange rate with the calibration approach to generating the equilibrium real exchange rate. The methodology is applied to the Thai...

Persistent link: https://www.econbiz.de/10005769146

Early Warning Systems; A Survey and a Regime-Switching Approach

Abiad, Abdul - International Monetary Fund (IMF) - 2003

Previous early-warning systems (EWSs) for currency crises have relied on models that require a priori dating of crises. This paper proposes an alternative EWS, based on a Markov-switching model, which identifies and characterizes crisis periods endogenously; this also allows the model to utilize...

Persistent link: https://www.econbiz.de/10005769232

Financial Soundness Indicators; Analytical Aspects and Country Practices

International Monetary Fund (IMF); International … - 2002

The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...

Persistent link: https://www.econbiz.de/10005590915

Tanzania; Report on the Observance of Standards and Codes-Data Module, Response by the Authorities, and Detailed Assessments Using Data Quality Assessment Framework

International Monetary Fund (IMF); International … - 2004

indices, and government finance, monetary, and balance-of-payments statistics, using the Data Quality Assessment Framework … (DQAF) developed by the IMFâ€™s Statistics Department (STA). …

Persistent link: https://www.econbiz.de/10005590984

Canada; Report on the Observance of Standards and Codesâ€”Data Module, Response by the Authorities, and Detailed Assessments Using Data Quality Assessment Framework

International Monetary Fund (IMF); International … - 2003

of six key sets of macroeconomic statistics: national accounts, consumer price index, producer price index, government … finance statistics, balance of payments, and monetary statistics. Canadaâ€™s macroeconomic statistics are of high quality …

Persistent link: https://www.econbiz.de/10005591020