LEADER 08668oam 22015854 450 001 9910820446103321 005 20240402051633.0 010 $a1-4552-4688-3 010 $a1-4527-7255-X 010 $a1-283-53570-X 010 $a9786613848154 010 $a1-4519-6203-7 035 $a(CKB)2550000000102078 035 $a(EBL)1608492 035 $a(SSID)ssj0000409888 035 $a(PQKBManifestationID)12103215 035 $a(PQKBTitleCode)TC0000409888 035 $a(PQKBWorkID)10348462 035 $a(PQKB)10091195 035 $a(SSID)ssj0001107456 035 $a(PQKBManifestationID)11603619 035 $a(PQKBTitleCode)TC0001107456 035 $a(PQKBWorkID)11084989 035 $a(PQKB)10445536 035 $a(Au-PeEL)EBL1608492 035 $a(CaPaEBR)ebr10557206 035 $a(CaONFJC)MIL384815 035 $a(OCoLC)870245396 035 $a(IMF)ERAIEE 035 $a(IMF)ERAIEA 035 $a(MiAaPQ)EBC1608492 035 $a(EXLCZ)992550000000102078 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aExchange Rate Analysis in Support of IMF Surveillance : $eA Collection of Empirical Studies /$fCharalambos Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish Ghosh 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (351 p.) 300 $aDescription based upon print version of record. 311 $a1-58906-728-2 320 $aIncludes bibliographical references. 327 $aCover; Contents; Foreword; Acknowledgments; Introduction; I: Determination and Impact of the Real Exchange Rate; 1. Commodity Currencies and the Real Exchange Rate; Theoretical Framework; Data; Tables; 1.1 Principal Commodity Exports and Percentage Share of Primary Commodities in Total Exports, 1991-99; Empirical Analysis of Comovement; Figures; 1.1 Real Exchange Rate and Real Commodity Price, Selected Commodity-Exporting Countries, 1980-2002; 1.2 Cointegration and Stability Tests, Real Exchange Rate and Real Commodity Prices, 1980-2002 327 $a1.3 Real Exchange Rate and Real Commodity Prices: Exogeneity and Causality, 1980-2002Conclusions; Appendix 1.1 Details of the Theoretical Framework; Appendix 1.2 Description of the Data; Appendix 1.3 Construction of the Country-Specific Nominal Price Indices of Commodity Exports; Appendix 1.4 Cointegration Tests: Real Exchange Rate and Real Commodity Prices, Commodity-Exporting Countries, 1980-2002; References; 2. Exchange Rates and Trade Balance Adjustment in Emerging Market Economies; The Analytics of Trade Balance Adjustment; Country Classification and Estimation Strategy 327 $a2.1 Price Deflators, 1980-2005Empirical Results; 2.1 Export Volumes: Coefficient Estimates and Implied Elasticities; 2.2 Pricing Equation for Manufacturing Exporters: Coefficient Estimates and Implied Elasticities; 2.3 Inflation Rate: Coefficient Estimates and Implied Elasticities; 2.4 Volume of Imports and Absorption: Coefficient Estimates and Implied Elasticities; 2.5 Effects of Devaluations on Export-Import Values and on the Trade Balance for Different Classes of Exporters; Conclusions; 2.2 Profiles for Exports, Imports, and Trade Balances; 2.3 Effect of a Depreciation on the Trade Balance 327 $aAppendix 2.1 Overview of the Empirical Literature on Trade Volume Price Elasticities and Pricing to Market2.A.1 Estimates of Price Elasticities in Selected Papers; Appendix 2.2 Marshall-Lerner Redux; Appendix 2.3 Data Description and Sample; Appendix 2.4 Robustness Tests; 2.A.2 Country Sample; 2.A.3 Export Volumes (Long-Run Elasticities) in Different Samples; 2.A.4 Inflation Equation: Effect of a Change in Exchange Rates; 2.A.5 Impact on the Trade Balance of a 10 Percent Depreciation; 2.A.6 Pricing Equation for Manufacturing Exporters for Different Samples; Appendix 2.5 Estimation Procedures 327 $a2.A.7 Pricing Equation for Imports2.A.8 Trade Elasticities and Estimation Methodologies; References; 2.A.9 Long-Run Effects of Devaluations on Export-Import Values and on the Trade Balance (in Foreign Currency) for Different Classes of Exporters; 3. Aid Volatility and Macroeconomic Policies; Empirical Evidence; 3.1 The Sample; 3.2 Summary Statistics; 3.3 Bivariate Correlations Among Main Variables; 3.4 Foreign Aid and Trade Balance Volatility; Conclusions; References; 4. Exchange Rate Pass-Through in the Euro Area; Empirical Estimates; 4.1 Effects of Exchange Rate Shock on Euro Area Prices 327 $a4.1 Euro Area Pass-Through Elasticities 330 3 $aExchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. Each year, IMF staff produce dozens of studies on exchange rate issues, some published by the IMF, others in various professional journals or books. This book aims to give a flavor of the topics the IMF staff typically examine under the broad rubric of exchange rate analysis, encompassing several topics: determination and impact of the real exchange rate, assessing competitiveness and the equilibrium real exchange rate in specific countries or country groups, and considerations in the choice of exchange rate regime. 410 0$aBooks 606 $aForeign exchange rates 606 $aEconometrics$2imf 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aMacroeconomics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aInvestments: Commodities$2imf 606 $aTrade: General$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aCommodity Markets$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aPrice Level$2imf 606 $aInflation$2imf 606 $aDeflation$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aInternational economics$2imf 606 $aMonetary economics$2imf 606 $aEconometrics & economic statistics$2imf 606 $aInvestment & securities$2imf 606 $aReal exchange rates$2imf 606 $aExchange rate arrangements$2imf 606 $aExchange rates$2imf 606 $aReal effective exchange rates$2imf 606 $aExports$2imf 606 $aInternational trade$2imf 606 $aTrade balance$2imf 606 $aPrices$2imf 606 $aBalance of trade$2imf 606 $aMoney$2imf 606 $aEconomic assistance$2imf 607 $aUnited States$2imf 615 0$aForeign exchange rates. 615 7$aEconometrics 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aMacroeconomics 615 7$aMoney and Monetary Policy 615 7$aInvestments: Commodities 615 7$aTrade: General 615 7$aEmpirical Studies of Trade 615 7$aCommodity Markets 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aPrice Level 615 7$aInflation 615 7$aDeflation 615 7$aCurrency 615 7$aForeign exchange 615 7$aInternational economics 615 7$aMonetary economics 615 7$aEconometrics & economic statistics 615 7$aInvestment & securities 615 7$aReal exchange rates 615 7$aExchange rate arrangements 615 7$aExchange rates 615 7$aReal effective exchange rates 615 7$aExports 615 7$aInternational trade 615 7$aTrade balance 615 7$aPrices 615 7$aBalance of trade 615 7$aMoney 615 7$aEconomic assistance 676 $a332.4/56 700 $aTsangarides$b Charalambos$01462110 701 $aCottarelli$b Carlo$0118928 701 $aMilesi-Ferretti$b Gian$01612464 701 $aGhosh$b Atish$0239246 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910820446103321 996 $aExchange Rate Analysis in Support of IMF Surveillance$93941259 997 $aUNINA