Autore	Oomes Nienke
Edizione	[1st ed.]
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica	1 online resource (47 p.)
Disciplina	332.45
Altri autori (Persone)	MeissnerChristopher
Collana	IMF Working Papers IMF working paper
Soggetto topico	Foreign exchange rates Foreign exchange administration Coinage, International Exports and Imports Foreign Exchange Money and Monetary Policy Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Financial Aspects of Economic Integration Monetary economics Currency Foreign exchange International economics Reserve currencies Currencies Exchange rate arrangements Exchange rates Monetary unions Money
ISBN	1-4623-4974-9 1-4527-7531-1 1-282-84084-3 9786612840845 1-4518-6991-6
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Contents; I. Introduction; II. The Evolution of Anchor Currency Choice; A. Measuring Anchor Currency Choice; B. Stylized Facts on Anchor Currency Choice; Figures; 1. All Countries: Anchor Currency Choices, 1950-2001; 2. Developed Countries: Anchor Currency Choices, 1950-2001; 3. Developing Countries: Anchor Currency Choices, 1950-2001; 4. Transition Countries: Anchor Currency Choices, 1990-2001; C. Why Countries Peg the Way They Peg: A Brief Survey of Recent Experience; III. Conceptual Framework for Anchor Choice: Network Externalities, Multiple Equilibria, and Path Dependence; Tables 1. Initial Payoff Matrix2. Subsequent Payoff Matrix; IV. Empirical Methodology; V. Empirical Determinants of Anchor and Regime Choice; A. Country-Specific Determinants of Anchor Currency Choice; B. Country-Specific Determinants of Regime Choice: Pegs vs. Floats; C. Anchor-Specific Determinants of Anchor Currency Choice; VI. Results; A. Determinants of Anchor Currency Choice; 3. Determinants of Anchor and Exchange Rate Regime Choice, 1990-1998; 4. Determinants of Anchor and Exchange Rate Regime Choice, 1980-1998; B. How Strong Are Network Externalities 5. Actual and Predicted Number of Dollar Anchors, 1990-19986. Actual and Predicted Number of German Mark Anchors, 1990-1998; C. Other Determinants of Anchor Choice; D. Determinants of Regime Choice: Pegs vs. Floats; E. Model Fit; F. Other Specifications and Robustness Checks; 5. Determinants of Anchor Choice, Restricted Choice Set, 1980-1998; 6. Determinants of Anchor Choice, Restricted Choice Set, 1998; G. Other Factors that Appear Less Relevant or Are Hard to Test; VII. Conclusion; Appendixes; I. The Natural Classification II. A Model of Trade Network Externalities in Anchor Currency ChoiceReferences
Record Nr.	UNINA-9910818149303321

Autore	Shirono Kazuko
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica	1 online resource (34 p.)
Collana	IMF Working Papers
Soggetto topico	Money - East Asia Monetary policy - East Asia Econometrics Exports and Imports Money and Monetary Policy Trade: General Economic Integration Financial Aspects of Economic Integration Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Trade Policy International Trade Organizations Computable and Other Applied General Equilibrium Models International economics Monetary economics Econometrics & economic statistics Monetary unions Currencies Plurilateral trade Regional trade General equilibrium models Economic integration Money International trade Econometric analysis Econometric models
ISBN	1-4623-9009-9 1-4527-5411-X 1-282-84226-9 9786612842269 1-4518-7150-3
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Contents; I. Introduction; II. Economic Trend in East Asia: 1990-2003; Tables; 1. The Growth Rate of Per Capita Income, 1990-2003 Average; Figures; 11. Share of Regional Trade; 12. Trade Share of Japan and the U.S; 2. Japan's Trade Partners; III. Gravity Model; A. Theory; B. Empirical Specification; IV. The Effects of Common Currencies; A. Data; B. Estimation Results; 3. Gravity Model Estimation Results; 4. Robustness Check; V. Yen Zone and Dollar Zone Revisited; A. Japan's Regional Economic Cooperation; B. Bilateral and Multilateral Currency Unions; 13. Trade Effects of Common Currency 14. Welfare Effects of Common CurrencyVI. Yen Bloc or Yuan Bloc; A. Common Currency Arrangements in East Asia; 15. Trade Effects of Currency Unions; 16. Welfare Effects of Currency Unions; B. Sub-Regional Currency Unions; 5. Bilateral Arrangements vs. Regional Arrangements; 6. Common Currency Arrangements in East Asia - Trade Effects; 7. Common Currency Arrangements in East Asia - Welfare Effects; 8. Common Currency Arrangements with Australia and New Zealand-Trade Effects; 9. Common Currency Arrangements with Australia and New Zealand-Welfare Effects; C. Impact on the United States 10. Impact on the United StatesVII. Conclusion; References; Appendix Figures; A1. Imports from Germany to France; A2. Imports from Netherlands to Austria
Record Nr.	UNINA-9910788350403321

Autore	Levine Paul
Pubbl/distr/stampa	Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica	1 online resource (80 p.)
Altri autori (Persone)	PearlmanJoseph BatiniNicoletta
Collana	IMF Working Papers
Soggetto topico	Monetary policy - Developing countries Fiscal policy - Developing countries Banks and Banking Macroeconomics Money and Monetary Policy Public Finance Fiscal Policy Macroeconomics: Consumption Saving Wealth Interest Rates: Determination, Term Structure, and Effects Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Finance Monetary economics Consumption Fiscal policy Fiscal rules Zero lower bound Currencies Economics Interest rates Money
ISBN	1-4623-0936-4 1-4527-1173-9 1-4518-7169-4 1-282-84244-7 9786612842443
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Contents; I. Introduction; II. The Model; A. Households; B. Firms; C. The Government Budget Constraint and Foreign Asset Accumulation; D. The Equilibrium; E. Specialization of the Household's Utility Function; F. State Space Representation; G. The Small Open Economy; H. Calibration; III. Monetary Policy Interest Rate Rules; IV. Fiscal Rules; A. A Conventional Fiscal Rule; B. The Structural Fiscal Surplus Rule; V. Imposing the Nominal Interest Rate Zero Lower Bound; VI. Optimal Monetary and Fiscal Policy with Financial Frictions; A. Imposing the ZLB; Figures; 1. Imposition of ZLB: Model I 2. Imposition of ZLB: Model IIIB. Welfare Decomposition; C. Impulse Responses; 3. Impulse Responses to a-1 Percent Technology Shock. Models I, II, and III; VII. The Performance of Optimized Simple Rules; 4. Imposition of ZLB: Flex(D)+Conventional Fiscal Rule, Model I; 5. Imposition of ZLB: Flex(D)+Conventional Fiscal Rule: Model III; VIII. Conclusions; Tables; 1. Notation for Prices; 2. Welfare Outcomes Under Optimal Policy: No ZLB Constraint; 3. Optimal Policy with a ZLB Constraint: Monetary Policy Only for Model I 4. Optimal Commitment with a ZLB Constraint. Monetary Plus Fiscal Policy for Model I5. Welfare Outcomes Under Optimal Policy: ZLB Constraint; 6. Welfare Decomposition of Shocks; 7. Welfare Outcomes Under Optimized Simple Rules: FLEX (D) with a Conventional Fiscal Rule. Models I, II and III; 8. Welfare Outcomes Under Optimized Simple Rules: FIX with a Conventional Fiscal Rule. Models I, II and III; 9. Welfare Outcomes Under Optimized Simple Rules: FLEX(C) with a Conventional Fiscal Rule. Models I, II and III 10. Welfare Outcomes Under Optimized Simple Rules: FLEX(D) with a Modified SFSR. Models I, II and IIIAppendixes; 1. The Steady State; 2. Linearization; 3. Calibration and Estimation; 4. Quadratic Approximation of the Welfare Loss
Record Nr.	UNINA-9910788349003321