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Current Account Developments in New Member States of the European Union »
Article
Source: Current Account Developments in New Member States of the European Union : Equilibrium, Excess, and EU-Phoria
Volume/Issue: 2008/92
Series: IMF Working Papers
Author(s): Jesmin Rahman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2008
ISBN: 9781451869538
Keywords: Current account norm, macroeconomic balance approach, fdi, investment climate, transition economies, exchange rate regime
This paper analyzes current account (CA) developments in the following 10 new EU members states: Czech Republic, Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. During the las...
Exchange Rate Pass-Through to Domestic Prices »
Article
Source: Exchange Rate Pass-Through to Domestic Prices : Does the Inflationary Environment Matter?
Volume/Issue: 2001/194
Series: IMF Working Papers
Author(s): Dalia Hakura , and Ehsan Choudhri
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2001
ISBN: 9781451859867
Keywords: Pass-through, exchange rate, inflation rate, average inflation, average inflation rate, Open Economy Macroeconomics,
The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through re...
II The Setting for Adjustment: Initial Positions and Global Environment »
Chapter
Source: IMF Conditionality : Experience Under Stand-by and Extended Arrangements, Part I: Key Issues and Findings
Series: Occasional Papers
Author(s): Louis Dicks-Mireaux , Miguel Savastano , Adam Bennett , María Carkovic S. , Mauro Mecagni , James John , and Susan Schadler
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 September 1995
ISBN: 9781557754929
Keywords: inflation, terms of trade, capital inflows, exchange rate, real interest rates
Almost without exception, the initial positions of the countries under review were dire. Most were suffering the effects of long-standing institutional and structural weaknesses, fiscal excesses, and deficie...