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Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks? »
Source: Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?
Volume/Issue: 2015/159
Series: IMF Working Papers
Author(s): Olivier Blanchard , Gustavo Adler , and Irineu de Carvalho Filho
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 July 2015
ISBN: 9781513585840
Keywords: exchange rate, gross capital flows, exchange, market, General,
Many emerging market economies have relied on foreign exchange intervention (FXI) in response to gross capital inflows. In this paper, we study whether FXI has been an effective tool to dampen the effects of these...
CHAPTER I ASSESSING GLOBAL FINANCIAL RISKS »
Source: Global Financial Stability Report, April 2007 : Market Developments and Issues
Series: Global Financial Stability Report
Author(s): International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 April 2008
ISBN: 9781589066373
Keywords: hedge funds, hedge, financial stability, bond, banking
Developments since the September 2006 Global Financial Stability Report (GFSR) have been broadly in line with the baseline scenario of solid economic growth, while near-term economic risks have eased. Howeve...
CHAPTER III THE GLOBALIZATION OF FINANCIAL INSTITUTIONS AND ITS IMPLICATION FOR FINANCIAL STABILITY »
Source: Global Financial Stability Report, April 2007 : Market Developments and Issues
Series: Global Financial Stability Report
Author(s): International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 April 2008
ISBN: 9781589066373
Keywords: hedge funds, hedge, financial stability, bond, banking
The globalization of financial institutions appears to have accelerated over the past decade and has important implications for financial stability. 1 This chapter reviews develop...
External Adjustment and the Global Crisis »
Source: External Adjustment and the Global Crisis
Volume/Issue: 2011/197
Series: IMF Working Papers
Author(s): Gian Milesi-Ferretti , and Philip Lane
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2011
ISBN: 9781462304240
Keywords: Global crisis, exchange rate regime, current account balances, current account adjustment, current account balance, current account deficits,
After widening substantially in the period preceding the global financial crisis, current account imbalances across the world have contracted to a significant extent. This paper analyzes the factors underlying this...
The Global Economy »
Source: International Monetary Fund Annual Report 1994
Series: Annual Report of the Executive Board
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1994
ISBN: 9781451944938
Keywords: balance of payments, current account, current account balance, repurchases, current account deficit
Main Developments in the World Economy The world economy showed a modest recovery in 1993, with total output increasing by 2.3 percent compared with a rise of 1.8 per...
Global Imbalances and External Adjustment after the Crisis »
Source: Global Imbalances and External Adjustment after the Crisis
Volume/Issue: 2014/151
Series: IMF Working Papers
Author(s): Philip Lane , and Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 August 2014
ISBN: 9781498339216
Keywords: Global crisis, Current account adjustment, current account, current account balance, current account balances,
This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both 'flow' and 'stock' imbalances), with a special focus on the shifting position of Latin America in the global distribut...
Global Liquidity, House Prices, and the Macroeconomy »
Source: Global Liquidity, House Prices, and the Macroeconomy : Evidence from Advanced and Emerging Economies
Volume/Issue: 2015/23
Series: IMF Working Papers
Author(s): Ambrogio Cesa-Bianchi , Luis Felipe Cespedes , and Alessandro Rebucci
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 January 2015
ISBN: 9781484346037
Keywords: C32, E44, F44, economies, liquidity, advanced economies, exchange rate, Time-Series Models, Financial Markets and the Macroeconomy, International Business Cycles
In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow fa...
Global Value Chains and the Exchange Rate Elasticity of Exports »
Source: Global Value Chains and the Exchange Rate Elasticity of Exports
Volume/Issue: 2015/252
Series: IMF Working Papers
Author(s): Swarnali Ahmed , Maximiliano Appendino , and Michele Ruta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 30 November 2015
ISBN: 9781513531793
Keywords: Real Exchange Rate, Global Value Chains, exports, exchange, value, elasticity, trade, Country and Industry Studies of Trade, All Countries,
This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some...
I Global Economic Prospects and Policies »
Source: World Economic Outlook : A survey by the staff of the International Monetary Fund: October 1997
Series: World Economic and Financial Surveys
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1997
ISBN: 9781557756817
Keywords: exchange rate, debt, interest, inflation, debtor countries
With world output expected to expand by some 4¼ percent in both 1997 and 1998, the strongest pace in a decade, the global economy is enjoying the fourth episode of r...
I Global Economic Prospects and Policy Considerations »
Source: World Economic Outlook, May 1998 : Financial Crises: Causes and Indicators
Series: World Economic Outlook
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 May 1998
ISBN: 9781557757401
Keywords: debt, interest, exchange rates, current account, debtor countries
The financial turmoil in Asia that erupted in mid-1997 has abated since January, and markets have partially recovered from their troughs. Nevertheless, currency and asset values in the countries involved hav...