Browse

You are looking at 1 - 10 of 19 items :

  • Keywords: currency x
Clear All
The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1

The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus1 »

Source: The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus

Volume/Issue: 2019/244

Series: IMF Working Papers

Author(s): Pragyan Deb , Albe Gjonbalaj , and Swarnali Hannan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2019

ISBN: 9781513516097

Keywords: Accounting, Aging, Assets, Balance of trade, Bank deposits, Bilateral trade, Bonds, Capital, Capital account, Capital flows

China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expans...

How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth?

How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth? »

Source: How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth?

Volume/Issue: 2006/170

Series: IMF Working Papers

Author(s): Francis Warnock

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

ISBN: 9781451864304

Keywords: U.S. asset holdings, global asset portfolios, disorderly currency adjustments, global current account imbalances, cpis, bonds, bond, bond markets, financial markets, International Lending and Debt Problems

Partly reflecting structural advantages such a liquidity and strong investor protection, foreigners have built up extremely large positions in U.S. (as well as other dollar-denominated) financial assets. This paper...

Nepal - Assessment Letter for the Asian Development Bank

Nepal - Assessment Letter for the Asian Development Bank »

Volume/Issue: 2008/001

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 January 2008

DOI: http://dx.doi.org/10.5089/9781498334075.007

ISBN: 9781498334075

Keywords: Asian Development Bank, Assessment letters, Currency pegs, Economic growth, Accounting, Auditing, Bank licensing, Banking systems, Banks, Budget coverage

Assessment Letters or Statements may be prepared for member countries with Fund-supported programs; receiving Fund emergency assistance; with staff-monitored programs; or surveillance-only cases. They are typically...

Contagion, Monsoons, and Domestic Turmoil in Indonesia
			: A Case Study in the Asian Currency Crisis

Contagion, Monsoons, and Domestic Turmoil in Indonesia : A Case Study in the Asian Currency Crisis »

Volume/Issue: 2000/60

Series: IMF Working Papers

Author(s): Sweta Saxena , and Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2000

DOI: http://dx.doi.org/10.5089/9781451848045.001

ISBN: 9781451848045

Keywords: Economic models, Financial crisis, Indonesia, Currency crisis, Contagion, Markov-switching models, probability, probabilities, asian crisis, equation

This paper investigates whether Indonesia's recent currency crisis was due to domestic fundamentals, common external shocks ('monsoons'), or contagion from neighboring countries. Markov-switching models attribute s...

How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth?

How Might a Disorderly Resolution of Global Imbalances Affect Global Wealth? »

Volume/Issue: 2006/170

Series: IMF Working Papers

Author(s): Francis Warnock

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2006

DOI: http://dx.doi.org/10.5089/9781451864304.001

ISBN: 9781451864304

Keywords: U.S. asset holdings, global asset portfolios, disorderly currency adjustments, global current account imbalances, cpis, bonds, bond, bond markets, financial markets, International Lending and Debt Problems

Partly reflecting structural advantages such a liquidity and strong investor protection, foreigners have built up extremely large positions in U.S. (as well as other dollar-denominated) financial assets. This paper...

Insurance Value of International Reserves
			: An Option Pricing Approach

Insurance Value of International Reserves : An Option Pricing Approach »

Volume/Issue: 2004/175

Series: IMF Working Papers

Author(s): Jaewoo Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858785.001

ISBN: 9781451858785

Keywords: option, underlying asset, international reserves, reserve holding, external debt, currency crises, reserve holdings, Open Economy Macroeconomics,

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Interest Rate Defenses of Currency Pegs

Interest Rate Defenses of Currency Pegs »

Volume/Issue: 2004/85

Series: IMF Working Papers

Author(s): Juan Sole

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2004

DOI: http://dx.doi.org/10.5089/9781451850789.001

ISBN: 9781451850789

Keywords: bond, central bank, bonds, domestic currency, interest rate policy, Open Economy Macroeconomics,

This paper studies a policy often used to defend a currency peg: raising short-term interest rates. The rationale for this policy is to stem demand for foreign reserves. Yet, this mechanism is absent from most mone...

RMB Internationalization
			: O+L5022nshore/Offshore Links

RMB Internationalization : O+L5022nshore/Offshore Links »

Volume/Issue: 2012/133

Series: IMF Working Papers

Author(s): Samar Maziad , and Joong Kang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

DOI: http://dx.doi.org/10.5089/9781475503838.001

ISBN: 9781475503838

Keywords: Currency internationalization, Currency spillovers, Offshore centers, exchange rates, exchange rate, forward market, bond, international currency, International Monetary Arrangements and Institutions,

Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China‘s large economic size, diversified trade structure and network, macroeconomic stability, and hi...

Spatial Spillovers in Emerging Market Spreads

Spatial Spillovers in Emerging Market Spreads »

Volume/Issue: 2011/221

Series: IMF Working Papers

Author(s): Salvatore Dell'Erba , Emanuele Baldacci , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

DOI: http://dx.doi.org/10.5089/9781463904234.001

ISBN: 9781463904234

Keywords: sovereign spreads, emerging market, spatial econometrics, external debt, bond, currency crises, sovereign bond, total external debt, International Finance: General,

We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends the previous literature focusing on spillover effects fr...

Speculative Attacks in the Asian Crisis

Speculative Attacks in the Asian Crisis »

Volume/Issue: 2001/189

Series: IMF Working Papers

Author(s): Zhiwei Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2001

DOI: http://dx.doi.org/10.5089/9781451859614.001

ISBN: 9781451859614

Keywords: ACH, currency crisis, duration analysis, contagion, speculative attacks, asian crisis, currency crises, equation, Econometric Modeling,

This paper takes the Asian crisis as an example to show that the Autoregressive Conditional Hazard (ACH) model is a powerful tool for studying the time series features of speculative attacks. The ACH model proposes...