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Rapid Current Account Adjustments »
Source: Rapid Current Account Adjustments : Are Microstates Different?
Volume/Issue: 2008/233
Series: IMF Working Papers
Author(s): Patrick Imam
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2008
ISBN: 9781451870916
Keywords: Terms of trade shocks, microstates, terms of trade, trade shocks, terms of trade shock, trade shock,
We describe unique aspects of microstates-they are less diversified, suffer from lumpiness of investment, they are geographically at the periphery and prone to natural disasters, and have less access to capital mar...
The Balance of Trade, the Terms of Trade, and the Real Exchange Rate »
Source: The Balance of Trade, the Terms of Trade, and the Real Exchange Rate : An Intertemporal Optimizing Framework
Volume/Issue: 1988/2
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1988
ISBN: 9781451930924
Keywords: terms of trade, terms of trade shocks, relative price, trade changes, real rate of interest
This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, a...
The Response of the Current Account to Terms of Trade Shocks »
Source: The Response of the Current Account to Terms of Trade Shocks : Persistence Matters
Volume/Issue: 2003/143
Series: IMF Working Papers
Author(s): Paul Cashin , and Christopher Kent
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2003
ISBN: 9781451856361
Keywords: terms of trade, shock persistence, terms of trade shocks, trade shocks, trade shock, current account balance, Current accounts,
Is the relationship between the current account balance and the terms of trade affected by the persistence of terms of trade shocks? In intertemporal models of the current account that incorporate a consumption-smo...
Terms of Trade Shocks and the Current Account »
Source: Terms of Trade Shocks and the Current Account
Volume/Issue: 1998/177
Series: IMF Working Papers
Author(s): Paul Cashin , and C. McDermott
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1998
ISBN: 9781451975048
Keywords: Terms of trade, intertemporal elasticity of substitution, intratemporal elasticity of substitution, terms of trade shocks, trade shocks, relative price, elasticity of substitution
This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables is theoretically ambiguous: an adverse transitory terms...
Real Exchange Rate Targeting Under Capital Controls »
Source: Real Exchange Rate Targeting Under Capital Controls : Can Money Provide a Nominal Anchor?
Volume/Issue: 1991/68
Series: IMF Working Papers
Author(s): Peter Montiel , and Jonathan Ostry
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1991
ISBN: 9781451961010
Keywords: inflation, terms of trade, price level, inflation rate
This paper examines the issue of whether the money supply can serve as a nominal anchor for the domestic price level under real exchange rate targeting. When capital controls are perfect so that there is complete s...
Chapter 8: The Industrial Countries: Balance of Payments »
Source: International Monetary Fund Annual Report 1963
Series: Annual Report of the Executive Board
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 September 1963
ISBN: 9781616351755
Keywords: balance of payments, gold, central bank, terms of trade, repurchases
Global Survey INTERNATIONAL payments relationships over the past five years have been dominated by the structural disequilibria among the industrial countries which b...
A Quantitative Examination of Current Account Dynamics in Equilibrium Models of Barter Economies »
Source: A Quantitative Examination of Current Account Dynamics in Equilibrium Models of Barter Economies
Volume/Issue: 1992/14
Series: IMF Working Papers
Author(s): Enrique Mendoza
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 1992
ISBN: 9781451924121
Keywords: terms of trade, correlation, elasticity of substitution, standard deviation, import prices
This paper provides a numerical analysis of an intertemporal equilibrium model of a small open, barter economy that is subject to random shocks affecting endowments, the terms of trade, and the real interest rate....
Migration in LDCs: Risk, Remittances, and the Family »
Source: Finance & Development, December 1991
Volume/Issue: 28/4
Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1991
ISBN: 9781451951790
Keywords: structural adjustment, terms of trade, structural adjustment facility, adjustment programs, enhanced structural adjustment facility
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...
What Determines Workers’ Remittances? »
Source: Finance & Development, December 1991
Volume/Issue: 28/4
Series: Finance & Development
Author(s): International Monetary Fund. External Relations Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1991
ISBN: 9781451951790
Keywords: structural adjustment, terms of trade, structural adjustment facility, adjustment programs, enhanced structural adjustment facility
For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...
The Balance of Trade, Terms of Trade, and Real Exchange Rate An Intertemporal Optimizing Framework »
Source: IMF Staff papers : Volume 35 No. 4
Volume: 35
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 1988
ISBN: 9781451930733
Keywords: terms of trade, exchange rate, real exchange, real exchange rate, relative price
An intertemporal optimizing model of a small open economy is used to analyze how terms of trade changes affect real exchange rates and the trade balance. Temporary current, (expected) future, and permanent changes...