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“Market Discipline”

“Market Discipline” »

Source: Working Paper Summaries (WP/92/1 - WP/92/47)

Volume/Issue: 1992/58

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1992

ISBN: 9781451966480

Keywords: foreign currency, currency substitution, exchange rate, rational expectations

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Money Versus Credit in the Determination of Output for Small Open Economies

Money Versus Credit in the Determination of Output for Small Open Economies »

Source: Money Versus Credit in the Determination of Output for Small Open Economies

Volume/Issue: 1989/78

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 1989

ISBN: 9781451956030

Keywords: monetary policy, money supply, aggregate demand, real output, price level

It is well known that in a small open economy where there is perfect substitutability between domestic and foreign assets and costless portfolio adjustment, the monetary authorities cannot control the money supply,...

Moving to a Flexible Exchange Rate
			: How, When, and How Fast?

Moving to a Flexible Exchange Rate : How, When, and How Fast? »

Series: Economic Issues

Author(s): Rupa Duttagupta , Cem Karacadag , and Gilda Fernandez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2006

DOI: http://dx.doi.org/10.5089/9781589064768.051

ISBN: 9781589064768

Keywords: exchange rate, foreign exchange, inflation, foreign currency, foreign exchange market

A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transiti...

Moving to a Flexible Exchange Rate How, When, and How Fast?

Moving to a Flexible Exchange Rate How, When, and How Fast? »

Source: Moving to a Flexible Exchange Rate : How, When, and How Fast?

Series: Economic Issues

Author(s): Rupa Duttagupta , Cem Karacadag , and Gilda Fernandez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2006

ISBN: 9781589064768

Keywords: exchange rate, foreign exchange, inflation, foreign currency, foreign exchange market

Some countries have made the transition from fixed to flexible exchange rates gradually and smoothly, by adopting intermediate types of exchange rate regimes—soft pegs, horizontal a...

Back Matter

Back Matter »

Source: Moving to a Flexible Exchange Rate : How, When, and How Fast?

Series: Economic Issues

Author(s): Rupa Duttagupta , Cem Karacadag , and Gilda Fernandez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2006

ISBN: 9781589064768

Keywords: exchange rate, foreign exchange, inflation, foreign currency, foreign exchange market

A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transiti...

Front Matter

Front Matter »

Source: Moving to a Flexible Exchange Rate : How, When, and How Fast?

Series: Economic Issues

Author(s): Rupa Duttagupta , Cem Karacadag , and Gilda Fernandez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2006

ISBN: 9781589064768

Keywords: exchange rate, foreign exchange, inflation, foreign currency, foreign exchange market

A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transiti...

New Keynesian Exchange Rate Pass-Through

New Keynesian Exchange Rate Pass-Through »

Source: New Keynesian Exchange Rate Pass-Through

Volume/Issue: 2008/213

Series: IMF Working Papers

Author(s): David Cook , and Woon Choi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870718

Keywords: pass-through effects, local currency pricing, new Keynesian Phillips curve, forward-looking expectation, inflation, price inflation, money market, monetary economics, monetary policy,

Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the...

Optimal Price Indices for Targeting Inflation Under Incomplete Markets

Optimal Price Indices for Targeting Inflation Under Incomplete Markets »

Source: Optimal Price Indices for Targeting Inflation Under Incomplete Markets

Volume/Issue: 2010/200

Series: IMF Working Papers

Author(s): Rahul Anand , and Eswar Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205301

Keywords: Monetary Policy Framework, Core Inflation, Headline Inflation, Financial Frictions, Liquidity Constraints, aggregate demand, central bank,

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We develop a two-sector two-good new-Keynesian model to study the...

“Price Liberalization in a Reforming Socialist Economy: A Search Equilibrium Approach”

“Price Liberalization in a Reforming Socialist Economy: A Search Equilibrium Approach” »

Source: Working Paper Summaries (WP/92/1 - WP/92/47)

Volume/Issue: 1992/58

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1992

ISBN: 9781451966480

Keywords: foreign currency, currency substitution, exchange rate, rational expectations

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

“Privatization in East Germany: A Survey of Current Issues”

“Privatization in East Germany: A Survey of Current Issues” »

Source: Working Paper Summaries (WP/92/1 - WP/92/47)

Volume/Issue: 1992/58

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1992

ISBN: 9781451966480

Keywords: foreign currency, currency substitution, exchange rate, rational expectations

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...