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Rapid Current Account Adjustments

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

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

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

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

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

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

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

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?

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

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...