IMF Staff Papers articles from September 2008

IMF Staff Papers archives from September 2008

Mundell-Fleming Lecture: exchange rate systems, surveillance, and advice.
September 1, 2008... The IMF Executive Board's adoption on June 15, 2007, of the new Decision on Bilateral Surveillance over Members' Policies puts exchange rate policies at the center of the surveillance process. The IMF's description of the new decision and the...

Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights.(International Monetary Fund)
September 1, 2008... Exchange rate surveillance has moved back toward the top of the list of the IMF's mandates and priorities. Before one can evaluate whether a given country is following the right exchange rate regime, however, one must decide what the regime is...

Exchange rate policy attitudes: direct evidence from survey data.(World Bank)(Survey)
September 1, 2008... As in other areas of public policy, governments' choices of exchange rate policies are conditioned by the preferences of their constituents. The nominal exchange rate regime and the level of the real exchange rate can have powerful effects on...

Fear of declaring: do markets care what countries say about their exchange rate policies?(International Monetary Fund)
September 1, 2008... Following a large body of theoretical work on the pros and cons of adopting different exchange rate regimes, in the past decade a prominent literature arose that aimed to classify exchange rate regimes in a systematic manner and to explore...

A Micro-Empirical foundation for the political economy of exchange rate populism.(International Monetary Fund)
September 1, 2008... A discussion of the political economy of exchange rates can be guided by the following questions: Do politicians actually use it? Are the effects really there? Does it actually buy support? For the first question, there is indeed evidence...

Global rebalancing with gravity: measuring the burden of adjustment.
September 1, 2008... The United States' chronic current account deficit will inevitably reverse, and the reversal could be quite sudden. What would this reversal mean for the United States itself and for other countries? There are possible major effects on relative...