Price And Volume Effects Of A Devaluation In Developing Countries
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Price And Volume Effects Of A Devaluation In Developing Countries
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Author : Mr.Arend Kouwenaar
language : en
Publisher: International Monetary Fund
Release Date : 1991-12-01
Price And Volume Effects Of A Devaluation In Developing Countries written by Mr.Arend Kouwenaar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-12-01 with Business & Economics categories.
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, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Price And Volume Effects Of A Devaluation In Developing Countries
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Author : Arend Kouwenaar
language : en
Publisher:
Release Date : 2006
Price And Volume Effects Of A Devaluation In Developing Countries written by Arend Kouwenaar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
This paper develops a simple tool to assess the medium-term effects of a devaluation on domestic price and output levels in developing countries. It focuses on the formation of the wage rate and on government expenditure and tax policies under a devaluation, as the main determinants of the quot;pass-throughquot; process, which is described by a simple general-equilibrium dependent-economy model. The main characteristic of the model is that a nominal devaluation will only bring the economy closer toward external and internal equilibria if it is accompanied by reductions in the real government deficit and the real wage. The insertion of key parameters, available for most countries, into the reduced form of the model permits a quick and easy quantification of both price and volume effects and allows a sensitivity analysis with respect to parameter and policy assumptions. The approach is applied numerically to five African countries.
Currency Devaluation In Developing Countries
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Author : Richard N. Cooper
language : en
Publisher: Princeton, N.J. : International Finance Section, Princeton University
Release Date : 1971
Currency Devaluation In Developing Countries written by Richard N. Cooper and has been published by Princeton, N.J. : International Finance Section, Princeton University this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Business & Economics categories.
The Effects Of Devaluation On Employment And Poverty In Developing Countries
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Author : Ejaz Ghani
language : en
Publisher:
Release Date : 1984
The Effects Of Devaluation On Employment And Poverty In Developing Countries written by Ejaz Ghani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Balance of payments categories.
Parallel Currency Markets In Developing Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-12-01
Parallel Currency Markets In Developing Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-12-01 with Business & Economics categories.
The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
Imf Staff Papers Volume 39 No 1
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 1992-01-01
Imf Staff Papers Volume 39 No 1 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-01-01 with Business & Economics categories.
This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real interest differential formulations); and the portfolio balance approach. In this paper, the literature on these views is surveyed, followed by a discussion of the empirical evidence and likely future developments in the area of exchange rate determination. The literature on foreign exchange market efficiency, exchange rates and “news,” and international parity conditions is also reviewed.
Exchange Depreciation
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Author : Seymour Edwin Harris
language : en
Publisher: Cambridge : Harvard University Press
Release Date : 1936
Exchange Depreciation written by Seymour Edwin Harris and has been published by Cambridge : Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1936 with Currency question categories.
An Empirical Assessment Of The Exchange Rate Pass Through In Mozambique
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-06
An Empirical Assessment Of The Exchange Rate Pass Through In Mozambique written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-06 with Business & Economics categories.
Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates the exchange rate passthrough in Mozambique using econometric techniques on a sample spanning from 2001 to 2019. Results suggest that the ERPT is assymetric, sizable and fast, with 50 percent of the exchange rate variations passing through to prices in less than six months. Policy-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for the ERPT to decline.
Imf Staff Papers
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 1950-01-01
Imf Staff Papers written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1950-01-01 with Business & Economics categories.
This paper highlights various problems and policies related to latent inflation. Disappointment will undoubtedly be widespread if, after 10 years of inflation control, latent inflation is permitted to become active and there is a considerable rise in prices. It is not unlikely that some governments will feel they simply cannot accept such a policy. However, the prospect of wiping out or working off latent inflation in any moderate period is very slight. There is every reason to deal with the latent inflation as far as possible by absorbing it through taxation and by measures to reduce liquidity. At the same time, with increased output it should be possible to work off part of the latent inflation. Even if it becomes generally recognized that all or most of such inflation cannot be wiped out or worked off, its immediate activation may be unwise. At some stage soon, governments must face the difficulties presented by latent inflation and recognize that a comprehensive program for dealing with it must be put into effect. Unless such programs are adopted, there can be no great confidence that international payments problems can be solved simply by imposing more rigorous and more extensive controls.
Exchange Rate Misalignment In Developing Countries
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Author : Sebastian Edwards
language : en
Publisher: Johns Hopkins University Press
Release Date : 1988
Exchange Rate Misalignment In Developing Countries written by Sebastian Edwards and has been published by Johns Hopkins University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.