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Exchange Rate Regimes In Selected Advanced Transition Economies
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Book Synopsis Exchange Rate Regimes in Selected Advanced Transition Economies by : International Monetary Fund
Download or read book Exchange Rate Regimes in Selected Advanced Transition Economies written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-04-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when capital flows are likely to be large and volatile; narrow band arrangements in particular could be problematic. The exception is Estonia, where there are good arguments for retaining the currency board arrangement. Countries wishing to join the euro area at an early stage should not leave the removal of remaining capital controls to the last minute.
Book Synopsis Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies by : Mario I. Blejer
Download or read book Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies written by Mario I. Blejer and published by Springer Science & Business Media. This book was released on 2007-08-23 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international competitiveness, international capital flows, trade, and other matters related to the integration of transition economies into the world economy. An understanding of the principles involved and of the experiences of both transition and advanced economies during this process is crucial to ensure its ultimate success. Written by internationally recognized scholars, the chapters cover these issues in a systematic manner. The first section treats current account developments, capital flows, and exchange rate policies in transition countries, the second section deals with specific issues related to international trade, and the final section consists of six specific country experiences. In this final section, a chapter dealing with the Russian Federation discusses the collapse of the ruble in August 1998.
Book Synopsis Approaches to Exchange Rate Policy by : Mr.Richard C. Bart
Download or read book Approaches to Exchange Rate Policy written by Mr.Richard C. Bart and published by International Monetary Fund. This book was released on 1994-06-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.
Book Synopsis Evolution and Performance of Exchange Rate Regimes by : Mr.Kenneth Rogoff
Download or read book Evolution and Performance of Exchange Rate Regimes written by Mr.Kenneth Rogoff and published by International Monetary Fund. This book was released on 2003-12-01 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
Book Synopsis Foreign Exchange Market Organization in Selected Developing and Transition Economies by : Jorge Iván Canales Kriljenko
Download or read book Foreign Exchange Market Organization in Selected Developing and Transition Economies written by Jorge Iván Canales Kriljenko and published by International Monetary Fund. This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The foreign exchange market microstructures in developing and transition economies are characterized by the results from the IMF's 2001 Survey on Foreign Exchange Market Organization. The survey found that these markets are usually unified onshore spot markets for U.S. dollars, where transactions are concentrated at the bank-customer level. The trading mechanisms are usually dealer or mixed dealer/auction markets; the degree of transparency is often low; settlement systems remain risky; and the scope for price discovery is variable.
Book Synopsis Exchange Arrangements and Foreign Exchange Markets by : International Monetary Fund
Download or read book Exchange Arrangements and Foreign Exchange Markets written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-03-28 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate regimes and the pace of liberalization of current and capital transactions among IMF member countries. There has been a shift away from intermediate regimes according to the IMF's official exchange rate regime classification system based on de facto exchange rate policies. The de facto exchange rate classification system has helped to clarify the nature and role of members' exchange rate regimes. It has facilitated discussions with country authorities about the implementation of exchange rate regimes and hence has contributed to more effective surveillance of the international monetary system. The use of exchange controls appears to have been little influenced by the degree of flexibility of exchange rate regimes or the occurrences of currency crises.
Book Synopsis Foreign Exchange Intervention in Developing and Transition Economies by : Jorge Iván Canales Kriljenko
Download or read book Foreign Exchange Intervention in Developing and Transition Economies written by Jorge Iván Canales Kriljenko and published by International Monetary Fund. This book was released on 2003-05 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on evidence obtained from the IMF's 2001 Survey on Foreign Exchange Market Organization, the author argues that, for several reasons, some central banks in developing and transition economies may be able to conduct foreign exchange intervention more effectively than the central banks of developed countries issuing the major international currencies. First, these central banks do not always fully sterilize their foreign exchange interventions. In addition, they issue regulations and conduct their foreign exchange operations in a way that increases the central bank's information advantage and the size of their foreign exchange intervention relative to foreign exchange market turnover. Some of the central banks also use moral suasion to support their foreign exchange interventions.
Book Synopsis The Choice of Exchange Rate Regimes by : Jürgen von Hagen
Download or read book The Choice of Exchange Rate Regimes written by Jürgen von Hagen and published by . This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rate Regimes in an Increasingly Integrated World Economy by : International Monetary Fund Washington D C
Download or read book Exchange Rate Regimes in an Increasingly Integrated World Economy written by International Monetary Fund Washington D C and published by . This book was released on 2000 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper builds upon previous International Monetary Fund (IMF) studies on various aspects of the exchange rate arrangements of IMF member countries consistent with the IMF's role of surveillance of members' exchange rate policies and over the international monetary system.The paper examines the consequences of increased capital mobility and of the integration of developing economies in globalised goods and financial markets for the exchange rate regimes both of the world's major currencies and of developing and transition countries.
Book Synopsis Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe After the Launch of EMU by : Paul R. Masson
Download or read book Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe After the Launch of EMU written by Paul R. Masson and published by International Monetary Fund. This book was released on 1999-07 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The more advanced Central and Eastern European Countries (CEECs) face an evolving set of considerations in choosing their exchange rate policies. On the one hand, capital mobility is increasing, and this imposes additional constraints on fixed exchange rate regimes, while trend real appreciation makes the combination of low inflation and exchange rate stability problematic. On the other hand, the objectives of EU and eventual EMU membership make attractive a peg to the euro at some stage in the transition. The paper discusses these conflicting considerations, and considers the feasibility of an alternative monetary framework, inflation targeting.
Author :Organisation for Economic Co-operation and Development. Development Centre Publisher :OECD ISBN 13 : Total Pages :104 pages Book Rating :4.:/5 (318 download)
Book Synopsis Don't Fix, Don't Float by : Organisation for Economic Co-operation and Development. Development Centre
Download or read book Don't Fix, Don't Float written by Organisation for Economic Co-operation and Development. Development Centre and published by OECD. This book was released on 2001 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Don ́t Fix, Don ́t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the national currency? Should it instead let the currency float in foreign exchange markets? What about bands, baskets and crawls between the fix and the float corners? Answering these questions is of significance to the national economy involved and, with regard to global finance, often beyond. In the same way that there may never be a pure float, even among key currencies, an instant fix does not provide a fast lane to credibility. Credibility is earned abroad as the development process reinforces institution building in monetary, financial and budgetary matters. Indeed, rules for budgetary adjustment (such as the zero deficit in Argentina or the EU Stability and Growth Pact) are necessary for any exchange-rate regime to deliver economic growth and development. In Don ́t Fix, Don ́t Float, the case for intermediate regimes is made for five country groups in Africa, Asia and Latin America. Developing countries, emerging markets and transition economies, together with the OECD area, are facing the consequences of a worsening global economic outlook. In this environment, the development perspective underlying Don t Fix, Don t Float is clearly essential.
Book Synopsis Choosing Exchange Regimes in the Middle East and North Africa by : Abdelali Jbili
Download or read book Choosing Exchange Regimes in the Middle East and North Africa written by Abdelali Jbili and published by International Monetary Fund. This book was released on 2003-09-05 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pamphlet reviews the exchange regimes of five emerging market countries in the region--Egypt, Jordan, Lebanon, Morocco, and Tunisia and an oil-exporting country, Iran, to see whether they need to consider adopting more flexible arrangements as they further open their economies to trade and capital flows. In fact, two countries, Egypt and Iran, have recently adopted flexible exchange rate arrangements, but their experience is too recent to warrant meaningful conclusions. The pamphlet highlights the criteria for an exchange regime choice, presents a country-by-country assessment of existing exchange regimes, explores options for the future based on the forward-looking analysis of reform prospects in each country, raises the issue of a nominal anchor for countries with floating exchange rates, and considers the pros and cons of monetary aggregate and inflation targeting as policy anchors. The pamphlet looks at the recent move by Egypt and Iran toward more flexible exchange rate regimes, and discusses the required steps to ensure the success of these experiences. For the other countries, the choice is less clear-cut and more of a long-term nature. In either case, transition to a more flexible exchange rate arrangement raises the question of what conditions countries would need to meet if they opted for greater flexibility, including changes to their monetary policy framework.
Book Synopsis Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies by : Zdenek Drabek
Download or read book Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies written by Zdenek Drabek and published by . This book was released on 1998 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498330282 Total Pages :132 pages Book Rating :4.4/5 (983 download)
Book Synopsis Exchange Rate Volatility and Trade Flows--Some New Evidence by : International Monetary Fund
Download or read book Exchange Rate Volatility and Trade Flows--Some New Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Exchange Rate Regimes in Selected Advanced Transition Economies by :
Download or read book Exchange Rate Regimes in Selected Advanced Transition Economies written by and published by . This book was released on 2000 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Central Banking in Transition Countries by : Mr.Helmut Wagner
Download or read book Central Banking in Transition Countries written by Mr.Helmut Wagner and published by International Monetary Fund. This book was released on 1998-08-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.
Book Synopsis China’s Evolving Exchange Rate Regime by : Mr.Sonali Das
Download or read book China’s Evolving Exchange Rate Regime written by Mr.Sonali Das and published by International Monetary Fund. This book was released on 2019-03-07 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.
