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China's Growth and Integration into the World Economy; Prospects and Challenges

Prasad, Eswar - International Monetary Fund (IMF) - 2004

Chinaâ€™s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in Chinaâ€™s...

Persistent link: https://www.econbiz.de/10005252521

Establishing Conversion Values for New Currency Unions; Method and Application to the planned Gulf Cooperation Council (GCC) Currency Union

Kamar, Bassem; Carlotti, Jean-Etienne; Krueger, Russell C. - International Monetary Fund (IMF) - 2009

A key issue in creating a new currency union is setting the rates to convert national currencies into the new union currency. Planned unions in the Gulf region and Africa are seeking methods to set the conversion rates when their new currencies are created. We propose a forward-looking...

Persistent link: https://www.econbiz.de/10008528616

Keynes, Cocoa, and Copper; In Search of Commodity Currencies

Sahay, Ratna; Céspedes, Luis Felipe; Cashin, Paul - International Monetary Fund (IMF) - 2002

This paper examines whether the real exchange rates of commodity-exporting countries and the real prices of their commodity exports move together over time. Using IMF data on the world prices of 44 commodities and national commodity export shares, we construct new monthly indices of national...

Persistent link: https://www.econbiz.de/10005825719

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

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 (IMF); International … - 1999

exchange rate (REER). It also considers the determinants of the REER in connection with the choice of exchange regime after … REER and its medium-term path depend upon the mix of monetary, fiscal, and structural policies that underpin the evolution … of inflation, balance of payments, and productivity growth. …

Persistent link: https://www.econbiz.de/10005605085

Competitiveness in the CFA Franc Zone

Tsangarides, Charalambos G.; Ramirez, Gustavo - International Monetary Fund (IMF) - 2007

"policy" components of competitiveness and their quantifiable determinants, including indicators to measure productivity and … the quality of life, there is a need for structural reform to improve productivity, reduce factor costs, and create the …

Persistent link: https://www.econbiz.de/10005825957

Ghana; Selected Issues

International Monetary Fund (IMF); International … - 2007

behavioral equilibrium exchange rate model for Ghana to establish to what extent real effective exchange rate (REER) movements … measures of Ghanaâ€™s external competitiveness other than the gap between the actual and the estimated equilibrium REER …

Persistent link: https://www.econbiz.de/10011242754

Assessing Competitiveness and Real Exchange Rate Misalignment in Low-Income Countries

Lewis, Mark; Martin, Aurélie; Bella, Gabriel Di - International Monetary Fund (IMF) - 2007

Assessing a country's competitiveness routinely starts with an analysis of the real exchange rate. However, in low-income countries, empirical analysis of the real exchange rate is often subject to important limitations that seriously weaken the results. This paper summarizes the methodologies...

Persistent link: https://www.econbiz.de/10005768857

Tanzania; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2004

This Selected Issues paper analyzes trends in Tanzaniaâ€™s external competitiveness and export performance. Using various multilateral and bilateral real exchange rates, the paper looks at developments in Tanzaniaâ€™s real effective exchange rate since 1990. It evaluates the...

Persistent link: https://www.econbiz.de/10005591394

A Currency Union for the Caribbean

Worrell, DeLisle - International Monetary Fund (IMF) - 2003

The experiences of Caribbean Economic Community countries show that exchange rate depreciation in these countries is inflationary, and that, while changes in the relative prices of tradables may affect exports, tourism, and imports, nominal exchange rate changes have no predictable effect on...

Persistent link: https://www.econbiz.de/10005599271