03934oam 22009494 450 991078852700332120230617013314.01-4623-8011-51-4527-8347-01-282-10721-61-4519-0558-09786613800565(CKB)3360000000442484(EBL)3012552(SSID)ssj0001475738(PQKBManifestationID)11820604(PQKBTitleCode)TC0001475738(PQKBWorkID)11485154(PQKB)10377111(OCoLC)535146958(MiAaPQ)EBC3012552(IMF)WPIEE2005003(EXLCZ)99336000000044248420020129d2005 uf 0engurcn|||||||||txtccrFinancial Globalization and Exchange Rates /Gian Milesi-Ferretti, Philip LaneWashington, D.C. :International Monetary Fund,2005.1 online resource (46 p.)IMF Working Papers"January 2005."1-4518-6022-6 Includes bibliographical references (p. 26-27).""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN INTERNATIONAL FINANCIAL INTEGRATION""; ""III. EXTERNAL ASSET DYNAMICS""; ""IV. EXCHANGE RATES AND THE ADJUSTMENT PROCESS""; ""V. POLICY IMPLICATIONS""; ""VI. CONCLUDING REMARKS""; ""References""; ""APPENDIX I""The founders of the Bretton Woods System 60 years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In particular, large gross cross-holdings of foreign assets and liabilities mean that the valuation channel of exchange rate adjustment has grown in importance, relative to the traditional trade balance channel. Accordingly, this paper empirically explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy implications.IMF Working Papers; Working Paper ;No. 2005/003International economic integrationForeign exchange ratesCapital movementsExports and ImportsimfForeign ExchangeimfInternational InvestmentimfLong-term Capital MovementsimfInternational economicsimfCurrencyimfForeign exchangeimfForeign assetsimfExchange ratesimfExternal positionimfForeign liabilitiesimfReal exchange ratesimfInvestments, ForeignimfInternational financeimfUnited StatesimfInternational economic integration.Foreign exchange rates.Capital movements.Exports and ImportsForeign ExchangeInternational InvestmentLong-term Capital MovementsInternational economicsCurrencyForeign exchangeForeign assetsExchange ratesExternal positionForeign liabilitiesReal exchange ratesInvestments, ForeignInternational financeMilesi-Ferretti Gian1462146Lane Philip1462147International Monetary Fund.Research Dept.DcWaIMFBOOK9910788527003321Financial Globalization and Exchange Rates3670988UNINA