From Fixed to Float

From Fixed to Float PDF

Author: Mrs.Gilda Fernandez

Publisher: International Monetary Fund

Published: 2004-07-01

Total Pages: 40

ISBN-13: 1451854935

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This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization.

Out of the Box and onto Wall Street

Out of the Box and onto Wall Street PDF

Author: Mark J. Grant

Publisher: John Wiley & Sons

Published: 2011-03-23

Total Pages: 448

ISBN-13: 1118056655

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A guide to thinking outside the Wall Street box Part memoir, part investment strategy guide, Out of the Box and onto Wall Street presents a revolutionary, alternative look at the world of finance. Revealing the essential rules for preserving capital and making long-term profits, the book provides timely observations on the current and future state of the world economy and investment markets, which are sure to be of interest to anyone considering alternative and time proven ways of making money. Written by Mark J. Grant, Managing Director of Corporate Syndicate and Structured Products for Southwest Securities, Inc Provides observations on the current and future state of the world economy and investment markets Offers detailed analysis of investment trends, common investor mistakes, and the simple investment strategies that most people are unaware of Designed for professional managers but also applicable for use by individual investors wanting a better understanding of the economy and how to pick smart investments for their own portfolio This is a must-read for anyone who wants to think about investing outside the Wall Street box.

Fix Vs. Float: Evaluating the Transition to a Sustainable Equilibrium in Bolivia

Fix Vs. Float: Evaluating the Transition to a Sustainable Equilibrium in Bolivia PDF

Author: Andres Gonzalez

Publisher: International Monetary Fund

Published: 2022-02-25

Total Pages: 32

ISBN-13:

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Bolivia has achieved noteworthy success over the past 15 years in raising incomes, reducing poverty, and maintaining macroeconomic stability by deploying commodity revenues to finance transfers, public investment, and state-led development, using an exchange rate peg as a policy anchor. However, with the end of the commodity boom in 2014, fiscal deficits have grown and reserves have fallen. One route to restoring long-run sustainability would be to combine fiscal consolidation with a switch to a floating exchange rate. However, a preference for maintaining the peg could be accommodated with adjustments elsewhere in the policy framework. Employing a detailed dynamic stochastic general equilibrium model of the Bolivian economy, this study assesses the long-run sustainability and relative benefits of alternative policy combinations, and calculates optimal adjustment paths for the transition from the present situation to the steady state. It concludes that continued adherence to a fixed-rate regime, while not optimal, is feasible, if supported by a larger fiscal effort.

Development Centre Studies Don't Fix, Don't Float

Development Centre Studies Don't Fix, Don't Float PDF

Author: OECD Development Centre

Publisher: OECD Publishing

Published: 2001-09-12

Total Pages: 96

ISBN-13: 9264195521

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Don ́t Fix, Don ́t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies.

From Fixed to Float

From Fixed to Float PDF

Author: Rupa Duttagupta

Publisher:

Published: 2006

Total Pages: 39

ISBN-13:

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This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization.

Code of Federal Regulations

Code of Federal Regulations PDF

Author:

Publisher:

Published: 1986

Total Pages: 740

ISBN-13:

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Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.

Moving to Greater Exchange Rate Flexibility

Moving to Greater Exchange Rate Flexibility PDF

Author: Ms.Inci Ötker

Publisher: International Monetary Fund

Published: 2007-04-30

Total Pages: 94

ISBN-13: 1589066243

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Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of flexibility. The institutional and operational requirements needed to support a floating exchange rate, as well as difficulties in assessing the right time and manner to exit, tend to be additional factors in this reluctance. This volume presents the concrete steps taken by a number of countries in transition to greater exchange rate flexibility and elaborates on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding (and hence a "road map") of how these various operational ingredients were established and coordinated, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of each transition.

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