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Accounting for Global Dispersion of Current Accounts / / Jaewoo Lee, Yongsung Chang, Sun-Bin Kim
Accounting for Global Dispersion of Current Accounts / / Jaewoo Lee, Yongsung Chang, Sun-Bin Kim
Autore Lee Jaewoo
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 33 p. : ill
Altri autori (Persone) ChangYongsung
KimSun-Bin
Collana IMF Working Papers
Soggetto topico Accounting
Deficit financing
Exports and Imports
Current Account Adjustment
Short-term Capital Movements
International Investment
Long-term Capital Movements
Empirical Studies of Trade
International economics
Current account
Foreign assets
Trade balance
Current account balance
Current account imbalances
Balance of payments
Investments, Foreign
Balance of trade
ISBN 1-4623-9409-4
1-4527-3895-5
1-282-84463-6
1-4518-7421-9
9786612844638
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Record Nr. UNINA-9910788222003321
Lee Jaewoo  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
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Aid Volatility and Dutch Disease : : Is There a Role for Macroeconomic Policies? / / Thierry Tressel, Alessandro Prati
Aid Volatility and Dutch Disease : : Is There a Role for Macroeconomic Policies? / / Thierry Tressel, Alessandro Prati
Autore Tressel Thierry
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (65 p.)
Altri autori (Persone) PratiAlessandro
Collana IMF Working Papers
Soggetto topico Economic assistance - Econometric models
Economic policy - Econometric models
Banks and Banking
Exports and Imports
Foreign Exchange
Empirical Studies of Trade
Trade: General
Foreign Aid
Monetary Policy
International economics
Banking
Currency
Foreign exchange
Trade balance
Exports
Foreign aid
International reserves
Real exchange rates
Balance of trade
International relief
Foreign exchange reserves
ISBN 1-4623-4375-9
1-4519-8935-0
1-283-51471-0
1-4527-0231-4
9786613827166
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. PARTIAL AND GENERAL EQUILIBRIUM EFFECTS OF FOREIGN AID AND MACROECONOMIC POLICY""; ""IV. THE OPTIMAL TIMING OF AID AND MACROECONOMIC POLICY""; ""V. THE EFFECTIVENESS OF MACROECONOMIC POLICIES IN AID-RECEIVING COUNTRIES""; ""VI. CONCLUSIONS""; ""Appendix I. Solution Strategy""; ""Appendix II-a. Managed Float Regimes""; ""Appendix II-b. General Equilibrium Effect of Front-Loading Aid with LBD Externalities""; ""Appendix III. Pseudo First Stage of System GMM Panel Regressions""; ""REFERENCES""
Record Nr. UNINA-9910788401703321
Tressel Thierry  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Capital Flows to Central and Eastern Europe / / Gian Milesi-Ferretti, Philip Lane
Capital Flows to Central and Eastern Europe / / Gian Milesi-Ferretti, Philip Lane
Autore Milesi-Ferretti Gian
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (31 p.)
Altri autori (Persone) LanePhilip
Collana IMF Working Papers
Soggetto topico Capital movements - Europe, Central
Capital movements - Europe, Eastern
Exports and Imports
Investments: Stocks
International Investment
Long-term Capital Movements
Empirical Studies of Trade
International Lending and Debt Problems
Pension Funds
Non-bank Financial Institutions
Financial Instruments
Institutional Investors
International economics
Finance
Investment & securities
External position
Trade balance
External debt
Foreign direct investment
Stocks
International finance
Balance of trade
Debts, External
Investments, Foreign
ISBN 1-4623-2457-6
1-4527-0070-2
1-283-51157-6
1-4519-9008-1
9786613824028
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. THE MAIN STYLIZED FACTS: AGGREGATE DATA""; ""III. THE MAIN STYLIZED FACTS: BILATERAL DATA""; ""IV. CAPITAL FLOWS AND EXTERNAL ADJUSTMENT""; ""V. CONCLUDING REMARKS""; ""REFERENCES""
Record Nr. UNINA-9910788414703321
Milesi-Ferretti Gian  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
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Competitiveness in Central-Europe : : What Has Happened Since EU Accession? / / Céline Allard
Competitiveness in Central-Europe : : What Has Happened Since EU Accession? / / Céline Allard
Autore Allard Céline
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica 1 online resource (24 p.)
Collana IMF Working Papers
Soggetto topico Finance - European Union countries
Competition, International
Exports and Imports
Finance: General
Trade: General
General Financial Markets: General (includes Measurement and Data)
Empirical Studies of Trade
International Investment
Long-term Capital Movements
International economics
Finance
Exports
Competition
Imports
Trade balance
Foreign direct investment
Balance of trade
Investments, Foreign
ISBN 1-4623-5072-0
1-4527-7933-3
9786612843358
1-4518-7268-2
1-282-84335-4
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; II. Developments in Key Determinants of Trade; Tables; 1. Contribution of Net Exports to GDP Growth, 2002-07; 2. Trade Balance, 2002-07; 3. Real Effective Exchange Rate Based on ULCs, 2002-07; Figures; 1. Export Competitiveness Indicators, 1995-2007; 2. Foreign Direct Investment Stock, 2002-07; 3. Growth Rate of World Demand, 2002-07; III. Econometric Analysis; 4. Geographic Orientation of Exports, 2002-07; 4. Growth Rate of Domestic Demand, 2002-07; 5. Accounting for Export and Import Growth, 2002-07; 5. Long-Term Elasticities Related to Nonprice Competitiveness
6. Long-Term Elasticities to Price Competitiveness Indicators7. Cumulative Growth and Contribution of Trade Determinants, 2002-07; IV. Conclusion; 6. Dynamic Contributions to Export and Imports, 2002-07; Appendices; I. Data Sources; II. Error-Correction Model for Trade Equations and Cointegration Tests; III. Principle of Dynamic Contributions; References
Record Nr. UNINA-9910788334203321
Allard Céline  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina / / Daniel Kanda
Credit Flows, Fiscal Policy, and the External Deficit of Bosnia and Herzegovina / / Daniel Kanda
Autore Kanda Daniel
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2006
Descrizione fisica 1 online resource (20 p.)
Collana IMF Working Papers
Soggetto topico Credit - Bosnia and Hercegovina
Fiscal policy - Bosnia and Hercegovina
Exports and Imports
Money and Monetary Policy
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Empirical Studies of Trade
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems
Monetary economics
International economics
Trade balance
Credit
Bank credit
Consumer credit
Currencies
Balance of trade
Money
ISBN 1-4623-8813-2
1-4527-1986-1
1-283-51577-6
1-4519-0989-6
9786613828224
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. BACKGROUND""; ""II. A THEORETICAL MODEL OF THE TRADE BALANCE""; ""A. The Consumer�s Problem""; ""B. The Firm�s Problem""; ""C. The Government�s Problem""; ""D. The Bank�s Problem""; ""E. Import and Export Market Clearing""; ""F. The Trade Balance""; ""G. The Exchange Rate""; ""III. THE ESTIMATED MODEL""; ""A. Data Considerations""; ""B. Stationarity""; ""C. Estimation Results""; ""D. Forecast Evaluation""; ""IV. POLICY IMPLICATIONS""; ""Appendix Dataset Used in the Estimation""; ""References""
Record Nr. UNINA-9910788406803321
Kanda Daniel  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Current Account Developments in New Member States of the European Union : : Equilibrium, Excess, and EU-Phoria / / Jesmin Rahman
Current Account Developments in New Member States of the European Union : : Equilibrium, Excess, and EU-Phoria / / Jesmin Rahman
Autore Rahman Jesmin
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica 1 online resource (36 p.)
Disciplina 382.17
Collana IMF Working Papers
IMF working paper
Soggetto topico Balance of payments - European Union countries
Exports and Imports
Macroeconomics
Production and Operations Management
International Investment
Long-term Capital Movements
Empirical Studies of Trade
Fiscal Policy
Macroeconomics: Production
Trade: General
International economics
Finance
Foreign direct investment
Trade balance
Fiscal stance
Output gap
Exports
Investments, Foreign
Balance of trade
Fiscal policy
Production
Economic theory
ISBN 1-4623-8102-2
1-4527-5816-6
9786612840470
1-282-84047-9
1-4518-6953-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; Text Figures; 1. Average CA Balance (Relative to GDP) in New Member States of the EU and Other Emerging Market Countries, 1992-2006; 2. Trend in CA Balances (Relative to GDP) in New Member States of the EU, 1992-2006; II. Estimating CA Norms: The Empirical Framework; III. Estimation Results: Calculting CA Norms; Text Tables; 1. Current Account Regressions: Pooled and Fixed Effect Estimations; 2. Pooled Estimates and Findings of Other Recent Studies; 3. Average Current Account Norms in EU-10 and Other Developing Countries
4. Current Account Regression: Check for Homogeneity in the Sample3. CA Norms in EU-10; IV. CA Balance in EU-10: What Explains Divergence from Norms?; 4. EU-10: Divergence of Actual CA Balances from Annual Norms, 1992-06; 5. Regression Results Explaining Divergence from CA Norms; 5a. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (pooled estimate) Regressions; 5b. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (FE estimate) Regressions
6. Current Account and Export Developments in the Low CAD Group: Czech Republic, Hungary, Poland, Slovakia and Slovenia7. Current Account and Export Developments in the High CAD Group: Bulgaria, Latvia, Lithuania, Estonia and Romania; V. Coming Back to Equilibrium: How Difficult is the Road?; 8. Evolution of Corporate Sector Credit and FDI in EU-10, 2002-06; 9. Stock of Manufacturing FDI in EU-10, 2006; 6. Composition of FDI Stock in High CAD Group, 2006; References; Appendix 1: Contribution of Explanatory Variables to CA norms in EU-10
Appendix 2: Robustness Check for Explanation of CA DivergenceAppendix 3: Data sources
Record Nr. UNINA-9910788240503321
Rahman Jesmin  
Washington, D.C. : , : International Monetary Fund, , 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Current Account Developments in New Member States of the European Union : : Equilibrium, Excess, and EU-Phoria / / Jesmin Rahman
Current Account Developments in New Member States of the European Union : : Equilibrium, Excess, and EU-Phoria / / Jesmin Rahman
Autore Rahman Jesmin
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica 1 online resource (36 p.)
Disciplina 382.17
Collana IMF Working Papers
IMF working paper
Soggetto topico Balance of payments - European Union countries
Exports and Imports
Macroeconomics
Production and Operations Management
International Investment
Long-term Capital Movements
Empirical Studies of Trade
Fiscal Policy
Macroeconomics: Production
Trade: General
International economics
Finance
Foreign direct investment
Trade balance
Fiscal stance
Output gap
Exports
Investments, Foreign
Balance of trade
Fiscal policy
Production
Economic theory
ISBN 1-4623-8102-2
1-4527-5816-6
9786612840470
1-282-84047-9
1-4518-6953-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; Text Figures; 1. Average CA Balance (Relative to GDP) in New Member States of the EU and Other Emerging Market Countries, 1992-2006; 2. Trend in CA Balances (Relative to GDP) in New Member States of the EU, 1992-2006; II. Estimating CA Norms: The Empirical Framework; III. Estimation Results: Calculting CA Norms; Text Tables; 1. Current Account Regressions: Pooled and Fixed Effect Estimations; 2. Pooled Estimates and Findings of Other Recent Studies; 3. Average Current Account Norms in EU-10 and Other Developing Countries
4. Current Account Regression: Check for Homogeneity in the Sample3. CA Norms in EU-10; IV. CA Balance in EU-10: What Explains Divergence from Norms?; 4. EU-10: Divergence of Actual CA Balances from Annual Norms, 1992-06; 5. Regression Results Explaining Divergence from CA Norms; 5a. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (pooled estimate) Regressions; 5b. EU-10: CA Balances after Accounting for Explanations from CA Norm and Divergence (FE estimate) Regressions
6. Current Account and Export Developments in the Low CAD Group: Czech Republic, Hungary, Poland, Slovakia and Slovenia7. Current Account and Export Developments in the High CAD Group: Bulgaria, Latvia, Lithuania, Estonia and Romania; V. Coming Back to Equilibrium: How Difficult is the Road?; 8. Evolution of Corporate Sector Credit and FDI in EU-10, 2002-06; 9. Stock of Manufacturing FDI in EU-10, 2006; 6. Composition of FDI Stock in High CAD Group, 2006; References; Appendix 1: Contribution of Explanatory Variables to CA norms in EU-10
Appendix 2: Robustness Check for Explanation of CA DivergenceAppendix 3: Data sources
Record Nr. UNINA-9910818151103321
Rahman Jesmin  
Washington, D.C. : , : International Monetary Fund, , 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Debt Dynamics and Global Imbalances : : Some Conventional Views Reconsidered / / Guy Meredith
Debt Dynamics and Global Imbalances : : Some Conventional Views Reconsidered / / Guy Meredith
Autore Meredith Guy
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2007
Descrizione fisica 1 online resource (56 p.)
Disciplina 335.4
335.4/12
Collana IMF Working Papers
Soggetto topico Balance of trade - United States
Debts, External - United States
Banks and Banking
Exports and Imports
Foreign Exchange
Empirical Studies of Trade
Interest Rates: Determination, Term Structure, and Effects
International Investment
Long-term Capital Movements
International economics
Finance
Currency
Foreign exchange
Real interest rates
Trade balance
Real exchange rates
Trade deficits
Foreign assets
Balance of trade
Interest rates
Investments, Foreign
ISBN 1-4623-9317-9
1-4527-6930-3
1-283-51792-2
1-4519-1021-5
9786613830371
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Contents; I. Introduction; II. Stylized Facts; A. Evolution of Global Imbalances; Figures; 1. U.S. External Balances, 1979-2005; 2. Movements in Real U.S. Trade Balance: 1995-2005 Versus 1979-89; 3. U.S. Imports and Exports, 1980-2005; 4. U.S. Real Effective Exchange Rate: 1995-2005 Versus 1979-89; 5. U.S. Shares in World GDP, 1980-2005; 6. Ratio of Real Private Consumption to GDP, 1985-20005; 7. U.S. Net Foreign Assets, 1982-2005; 8. U.S. External Assets and Liabilities, 1982-2005; 9. ROW Holdings of Official Reserves, 1971-2005; B. Real Interest Rates; Tables
1. U.S. Real Interest Rates and Growth Rates, 1900-200510. Yield on Inflation-Indexed U.S. Treasuries, 1997-2006; 2. Real Returns on U.S. External Assets and Liabilities, 1953-2004; 11. Real Yields on U.S. External Assets and Liabilities, 1977-2005; 12. U.S. Net International Investment Income, 1977-2005; 13. Valuation Adjustments to U.S. NFA, Cumulative Average, 1983-2005; III. Debt Dynamics; 14. Yields on BAA Corporate Bonds Versus U.S. Treasuries, 1953-2006; IV. Simulation Model; A. Structure; B. Parameterization; V. Simulation Results; A. Initial Equilibrium; B. Calibration of Shocks
C. Baseline Simulation 15. Baseline Shocks to Model, 1995-2025; 16. Baseline Simulation Results, 1995-2025; 17. Baseline Simulation Results, 1995-2100; 18. U.S. Real Growth Rate and Marginal Product of Capital; 19. U.S. and ROW Consumption, 1995-2075; D. Alternative Paths for the Shocks; 20. Larger and More Drawn-Out Shocks, 1995-2100; 21. Phase-Out of International Reserve Accumulation, 1995-2025; 22. "Hard-Landing" Scenario, 1995-2025; E. Alternative Parameter Values; 23. Higher Initial Real Interest Rate, 1995-2100; 25. Alternative Trade Price Elasticities, 1995-2150
24. Increasing Asset Substitutability, 1995-2100 26. Ratio of U.S. to Row GDP, 1995-2010; 27. Higher Foreign Growth, 1995-2025; F. Fiscal Policy; 28. "Twin Deficits": Effect on Trade Balance of Change in Fiscal Balance; VI. Concluding Remarks; Appendix: Consumption, Wealth and Real Interest Rates; A. Infinite-Horizon Model; B. Finite-Horizon Model; References
Record Nr. UNINA-9910788693803321
Meredith Guy  
Washington, D.C. : , : International Monetary Fund, , 2007
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Exchange Rate Analysis in Support of IMF Surveillance : : A Collection of Empirical Studies / / Charalambos Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish Ghosh
Exchange Rate Analysis in Support of IMF Surveillance : : A Collection of Empirical Studies / / Charalambos Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish Ghosh
Autore Tsangarides Charalambos
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica 1 online resource (351 p.)
Disciplina 332.4/56
Altri autori (Persone) CottarelliCarlo
Milesi-FerrettiGian
GhoshAtish
Soggetto topico Foreign exchange rates
Econometrics
Exports and Imports
Foreign Exchange
Macroeconomics
Money and Monetary Policy
Investments: Commodities
Trade: General
Empirical Studies of Trade
Commodity Markets
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems
Price Level
Inflation
Deflation
Currency
Foreign exchange
International economics
Monetary economics
Econometrics & economic statistics
Investment & securities
Real exchange rates
Exchange rate arrangements
Exchange rates
Real effective exchange rates
Exports
International trade
Trade balance
Prices
Balance of trade
Money
Economic assistance
ISBN 1-4552-4688-3
1-4527-7255-X
1-283-53570-X
9786613848154
1-4519-6203-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; 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
1.3 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
2.1 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
Appendix 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
2.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
4.1 Euro Area Pass-Through Elasticities
Record Nr. UNINA-9910779271303321
Tsangarides Charalambos  
Washington, D.C. : , : International Monetary Fund, , 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Exchange Rate Analysis in Support of IMF Surveillance : : A Collection of Empirical Studies / / Charalambos Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish Ghosh
Exchange Rate Analysis in Support of IMF Surveillance : : A Collection of Empirical Studies / / Charalambos Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish Ghosh
Autore Tsangarides Charalambos
Edizione [1st ed.]
Pubbl/distr/stampa Washington, D.C. : , : International Monetary Fund, , 2008
Descrizione fisica 1 online resource (351 p.)
Disciplina 332.4/56
Altri autori (Persone) CottarelliCarlo
Milesi-FerrettiGian
GhoshAtish
Soggetto topico Foreign exchange rates
Econometrics
Exports and Imports
Foreign Exchange
Macroeconomics
Money and Monetary Policy
Investments: Commodities
Trade: General
Empirical Studies of Trade
Commodity Markets
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems
Price Level
Inflation
Deflation
Currency
Foreign exchange
International economics
Monetary economics
Econometrics & economic statistics
Investment & securities
Real exchange rates
Exchange rate arrangements
Exchange rates
Real effective exchange rates
Exports
International trade
Trade balance
Prices
Balance of trade
Money
Economic assistance
ISBN 1-4552-4688-3
1-4527-7255-X
1-283-53570-X
9786613848154
1-4519-6203-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; 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
1.3 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
2.1 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
Appendix 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
2.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
4.1 Euro Area Pass-Through Elasticities
Record Nr. UNINA-9910820446103321
Tsangarides Charalambos  
Washington, D.C. : , : International Monetary Fund, , 2008
Materiale a stampa
Lo trovi qui: Univ. Federico II
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