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Bivariate Assessments of Real Exchange Rates Using PPP Data

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...

New Rates from New Weights

New Rates from New Weights »

Source: New Rates from New Weights

Volume/Issue: 2005/99

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2005

ISBN: 9781451861181

Keywords: Weight, effective exchange rate, exchange rate, exchange rates, real exchange rates, real effective exchange rate, Trade: General, International Finance: General,

This paper describes the result and the methodology of updating nominal and real effective exchange rate weights on the basis of trade data over 1999-2001. The underlying framework is an updated version of the IMF'...

Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries

Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries »

Source: Towards a System of Multilateral Unit Labor Cost-Based Competitiveness Indicators for Advanced, Developing, and Transition Countries

Volume/Issue: 1997/151

Series: IMF Working Papers

Author(s): Anthony Turner , and Stephen Golub

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1997

ISBN: 9781451922882

Keywords: effective exchange rates, exchange rates, reer, unit labor costs, exchange rate

This paper attempts to extend the range of countries covered by the IMF’s multilateral real exchange rate indexes based on relative unit labor costs (REER-ULCs) in manufacturing. A data set was assembled tha...

An Analysis of So-Called Export-led Growth

An Analysis of So-Called Export-led Growth »

Source: An Analysis of So-Called Export-led Growth

Volume/Issue: 2008/220

Series: IMF Working Papers

Author(s): Jie Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870787

Keywords: Export-led growth, real exchange rate, productivity improvement, export growth, exchange rate, exportable sector, export sector,

The stylized fact that strong economic growth is usually accompanied with strong export growth leads many people to conclude that the export sector is the main driving force behind those episodes. The model in this...

Reserve Adequacy in Emerging Market Economics

Reserve Adequacy in Emerging Market Economics »

Source: Reserve Adequacy in Emerging Market Economics

Volume/Issue: 2001/143

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

ISBN: 9781451856347

Keywords: Reserves, vulnerability, capital flight, exchange rate, currency board, external debt, exchange rates, foreign exchange

This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new ben...

The External Impact of China'S Exchange Rate Policy

The External Impact of China'S Exchange Rate Policy »

Source: The External Impact of China'S Exchange Rate Policy : Evidence From Firm Level Data

Volume/Issue: 2011/155

Series: IMF Working Papers

Author(s): Barry Eichengreen , and Hui Tong

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

ISBN: 9781455290680

Keywords: exchange rate, external impact, stock market, stock returns, external finance, exchange rates, Macroeconomic Aspects Of International Trade And Finance, General Financial Markets,

We examine the impact of renminbi revaluation on foreign firm valuations, considering two surprise announcements of changes in China's exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in...

Spillover Effects of Exchange Rates

Spillover Effects of Exchange Rates »

Source: Spillover Effects of Exchange Rates : A Study of the Renminbi

Volume/Issue: 2012/88

Series: IMF Working Papers

Author(s): Arvind Subramanian , Prachi Mishra , and Aaditya Mattoo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502626

Keywords: spillover, exchange rate, exporter, exporters, real exchange rate, Country and Industry Studies of Trade, Economywide Country Studies: Asia including Middle East,

This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the "spillover effect". We use recent theory to develop an identification strategy...

Balance of Payments Anti-Crises

Balance of Payments Anti-Crises »

Source: Balance of Payments Anti-Crises

Volume/Issue: 2009/134

Series: IMF Working Papers

Author(s): Isabel Yan , and Michael Kumhof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2009

ISBN: 9781451872811

Keywords: Balance of payments anti-crises, inflation dynamics, foreign exchange, exchange rate, inflation targeting,

Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciatio...

Determinants of International Tourism1

Determinants of International Tourism1 »

Source: Determinants of International Tourism

Volume/Issue: 2014/82

Series: IMF Working Papers

Author(s): Alexander Culiuc

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2014

ISBN: 9781484383032

Keywords: Gravity model, Real exchange rate, Small islands, tourist, tourists, tourist arrivals, tourism receipts, Country and Industry Studies of Trade,

The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest components of services exports globally, and the backbone of many smaller economies. It applies th...