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Bivariate Assessments of Real Exchange Rates Using PPP Data »
Source: Bivariate Assessments of Real Exchange Rates Using PPP Data
Volume/Issue: 2008/153
Series: IMF Working Papers
Author(s): Juan Zalduendo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
ISBN: 9781451870114
Keywords: Real exchange rate, exchange rate, real exchange rates
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of t...
Global Business Cycles »
Source: Global Business Cycles : Convergence or Decoupling?
Volume/Issue: 2008/143
Series: IMF Working Papers
Author(s): Ayhan Kose , Eswar Prasad , and Christopher Otrok
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
ISBN: 9781451870015
Keywords: macroeconomic fluctuations, convergence, decoupling, business cycle, globalization period, business cycle fluctuations,
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets,...
The International Monetary System: Where Are We and Where Do We Need to Go? »
Source: The International Monetary System : Where Are We and Where Do We Need to Go?
Volume/Issue: 2013/224
Series: IMF Working Papers
Author(s): Rakesh Mohan , Michael Patra , and Muneesh Kapur
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 05 November 2013
ISBN: 9781475514148
Keywords: currency internationalization, capital inflows, capital account liberalization, net capital, net capital flows, International Monetary Arrangements and Institutions, International Policy Coordination and Transmission, International Institutional Arrangements,
The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have pro...
Bond Markets As Conduits for Capital Flows »
Source: Bond Markets As Conduits for Capital Flows : How Does Asia Compare?
Volume/Issue: 2006/238
Series: IMF Working Papers
Author(s): Pipat Luengnaruemitchai , and Barry Eichengreen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2006
ISBN: 9781451864984
Keywords: cross-border investment, gravity model, bond, bonds, bond transactions, bond returns, Financial Aspects of Economic Integration,
We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure of financial integration or interrelatedness, asking how Asia compares with Europe and Latin Am...
Financial Globalization »
Source: Financial Globalization : A Reappraisal
Volume/Issue: 2006/189
Series: IMF Working Papers
Author(s): Ayhan Kose , Eswar Prasad , Kenneth Rogoff , and Shang-Jin Wei
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2006
ISBN: 9781451864496
Keywords: Growth and Volatility, Financial Crises, capital flows, financial globalization, International Economic Order, Financial Aspects of Economic Integration, Macroeconomic Aspects Of International Trade And Finance,
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For...
The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries1 »
Source: The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries
Volume/Issue: 2015/48
Series: IMF Working Papers
Author(s): Rui Mano , and Marola Castillo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 February 2015
ISBN: 9781484392140
Keywords: Sectoral Productivity, Traded and Non-Traded Sectors, industry, productivity, value added, value, products, Open Economy Macroeconomics, Economic Growth of Open Economies,
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a panel of 56 countries spanning 1989-2012. The level of productivity in each sector is defined as r...
Africa’s Burgeoning Ties with China Maximizing the benefits of China’s increasing economic engagement with Africa »
Source: Finance & Development, March 2008
Volume/Issue: 45/1
Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 April 2008
ISBN: 9781451922349
Keywords: climate change, emissions, crude oil, opec, oil prices
Commodity Boom: How Long Will It Last?" asks how economies will fare after the record-high prices of key raw materials posted in recent months, which build on dramatic increases from their lows of 2000. The lead ar...
Africa in the Doha Round »
Source: Africa in the Doha Round : Dealing with Preference Erosion and Beyond
Volume/Issue: 2005/8
Series: IMF Policy Discussion Papers
Author(s): Yongzheng Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2005
ISBN: 9781451975796
Keywords: Africa, Multilateral trade negotiations, World Trade Organization, Doha Round, preference erosion, special and differential treatment, market access, export markets, tariff cuts, trade barriers,
Improving market access in industrial countries and retaining preferences have been Africa's two key objectives in the Doha Round trade negotiations. This paper argues that African negotiators may have overlooked t...
Policy Analysis and Forecasting in the World Economy »
Source: Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach
Volume/Issue: 2012/149
Series: IMF Working Papers
Author(s): Francis Vitek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
ISBN: 9781475504187
Keywords: Monetary policy analysis, Fiscal policy analysis, Spillover analysis, World economy, Panel unobserved components model, Bayesian econometrics, inflation, domestic demand, terms of trade, price inflation
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a...
Asia’s Stock Markets: Are There Crouching Tigers and Hidden Dragons? »
Source: Asia's Stock Markets : Are There Crouching Tigers and Hidden Dragons?
Volume/Issue: 2014/37
Series: IMF Working Papers
Author(s): Fabian Lipinsky , and Li Lian Ong
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 February 2014
ISBN: 9781484320143
Keywords: arbitrage pricing theory, Asian financial crisis, fundamentals, global financial crisis, idiosyncratic factors, integration, IOSCO, securities regulation, stock market, stock pricing
Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of size and cross-border investment activity, the region's markets are reputed to be more 'idiosyn...