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010   $a9786613825438
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035   $a(PQKBTitleCode)TC0000940029
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035   $a(OCoLC)698585679
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035   $a(IMF)WPIEE2006245
035   $a(EXLCZ)993360000000443535
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 12$aA Small Foreign Exchange Market with a Long-Term Peg : $eBarbados /$fTravis Mitchell, Roland Craigwell, Rupert Worrell
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (20 p.)
225 1 $aIMF Working Papers
300   $a"October 2006."
311   $a1-4518-6505-8 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE INSTITUTIONAL FRAMEWORK""; ""III. THEORETICAL CONSIDERATIONS""; ""IV. DATA, METHODOLOGY, AND RESULTS""; ""V. CONCLUSIONS AND NEXT STEPS""; ""REFERENCES""
330 3 $aThis paper is a first analysis of daily transactions in the foreign exchange market of Barbados, a small open economy that has had an unchanged peg to the U.S. dollar for over 30 years. As a result of the credibility of the peg, we expect that capital flows will respond to differentials between U.S. and comparable Barbadian interest rates and that this will result in uncovered interest parity, when allowance is made for market frictions and large discrete events. The results are consistent with this hypothesis about the motivation for foreign exchange transactions.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/245
606   $aForeign exchange market$zBarbados
606   $aForeign exchange rates$zBarbados
606   $aBanks and Banking$2imf
606   $aFinance: General$2imf
606   $aForeign Exchange$2imf
606   $aMoney and Monetary Policy$2imf
606   $aInternational Financial Markets$2imf
606   $aMonetary Systems$2imf
606   $aStandards$2imf
606   $aRegimes$2imf
606   $aGovernment and the Monetary System$2imf
606   $aPayment Systems$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aFinance$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aMonetary economics$2imf
606   $aBanking$2imf
606   $aCurrency markets$2imf
606   $aCurrencies$2imf
606   $aForeign exchange transactions$2imf
606   $aForeign exchange market$2imf
606   $aMoney$2imf
606   $aBanks and banking$2imf
607   $aUnited States$2imf
615  0$aForeign exchange market
615  0$aForeign exchange rates
615  7$aBanks and Banking
615  7$aFinance: General
615  7$aForeign Exchange
615  7$aMoney and Monetary Policy
615  7$aInternational Financial Markets
615  7$aMonetary Systems
615  7$aStandards
615  7$aRegimes
615  7$aGovernment and the Monetary System
615  7$aPayment Systems
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aFinance
615  7$aCurrency
615  7$aForeign exchange
615  7$aMonetary economics
615  7$aBanking
615  7$aCurrency markets
615  7$aCurrencies
615  7$aForeign exchange transactions
615  7$aForeign exchange market
615  7$aMoney
615  7$aBanks and banking
700   $aMitchell$b Travis$01574035
701   $aCraigwell$b Roland$01574036
701   $aWorrell$b Rupert$01485192
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788408103321
996   $aA Small Foreign Exchange Market with a Long-Term Peg$93850052
997   $aUNINA