Fx Adjusted Local Currency Spreads
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Author |
: International Monetary Fund. Statistics Dept. |
Publisher |
: International Monetary Fund |
Total Pages |
: 258 |
Release |
: 2015-01-07 |
ISBN-10 |
: 9781484350164 |
ISBN-13 |
: 1484350162 |
Rating |
: 4/5 (64 Downloads) |
Synopsis International Reserves and Foreign Currency Liquidity by : International Monetary Fund. Statistics Dept.
This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Author |
: Romain Lafarguette |
Publisher |
: International Monetary Fund |
Total Pages |
: 33 |
Release |
: 2021-02-12 |
ISBN-10 |
: 9781513569406 |
ISBN-13 |
: 1513569406 |
Rating |
: 4/5 (06 Downloads) |
Synopsis Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework by : Romain Lafarguette
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
Author |
: Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico |
Publisher |
: |
Total Pages |
: 0 |
Release |
: 2013 |
ISBN-10 |
: 9291319627 |
ISBN-13 |
: 9789291319626 |
Rating |
: 4/5 (27 Downloads) |
Synopsis Market Volatility and Foreign Exchange Intervention in EMEs by : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Author |
: Mr.Eugenio M Cerutti |
Publisher |
: International Monetary Fund |
Total Pages |
: 36 |
Release |
: 2019-01-16 |
ISBN-10 |
: 9781484395219 |
ISBN-13 |
: 1484395212 |
Rating |
: 4/5 (19 Downloads) |
Synopsis Covered Interest Parity Deviations: Macrofinancial Determinants by : Mr.Eugenio M Cerutti
For about three decades until the Global Financial Crisis (GFC), Covered Interest Parity (CIP) appeared to hold quite closely—even as a broad macroeconomic relationship applying to daily or weekly data. Not only have CIP deviations significantly increased since the GFC, but potential macrofinancial drivers of the variation in CIP deviations have also become significant. The variation in CIP deviations seems to be associated with multiple factors, not only regulatory changes. Most of these do not display a uniform importance across currency pairs and time, and some are associated with possible temporary considerations (such as asynchronous monetary policy cycles).
Author |
: Mr.Jack Ree |
Publisher |
: International Monetary Fund |
Total Pages |
: 29 |
Release |
: 2012-11-07 |
ISBN-10 |
: 9781475565171 |
ISBN-13 |
: 1475565178 |
Rating |
: 4/5 (71 Downloads) |
Synopsis FX Funding Risks and Exchange Rate Volatility–Korea’s Case by : Mr.Jack Ree
This paper examines how exchange rate volatility and Korean banks’ foreign exchange liquidity mismatches interacted with each other during the Global Financial Crisis, and whether the vulnerability stemming from this interaction has been reduced since then. Structural and cyclical changes after the crisis, including decreasing demand for currency hedges and the diversifying investor base for bonds, point to a possible weakening of the interaction mechanism; and we find evidences are strongly supportive of this.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 157 |
Release |
: 2021-03-12 |
ISBN-10 |
: 9781513573922 |
ISBN-13 |
: 1513573926 |
Rating |
: 4/5 (22 Downloads) |
Synopsis Guidance Note For Developing Government Local Currency Bond Markets by : International Monetary Fund
This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.
Author |
: Mr.Faisal Ahmed |
Publisher |
: International Monetary Fund |
Total Pages |
: 26 |
Release |
: 2011-10-19 |
ISBN-10 |
: 9781463926526 |
ISBN-13 |
: 1463926529 |
Rating |
: 4/5 (26 Downloads) |
Synopsis Internationalization of Emerging Market Currencies by : Mr.Faisal Ahmed
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Author |
: Aswath Damodaran |
Publisher |
: John Wiley & Sons |
Total Pages |
: 663 |
Release |
: 2014-10-27 |
ISBN-10 |
: 9781118808931 |
ISBN-13 |
: 1118808932 |
Rating |
: 4/5 (31 Downloads) |
Synopsis Applied Corporate Finance by : Aswath Damodaran
Aswath Damodaran, distinguished author, Professor of Finance, and David Margolis, Teaching Fellow at the NYU Stern School of Business, has delivered the newest edition of Applied Corporate Finance. This readable text provides the practical advice students and practitioners need rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, Applied Corporate Finance, 4th Edition applies corporate finance to real companies. It now contains six real-world core companies to study and follow. Business decisions are classified for students into three groups: investment, financing, and dividend decisions.
Author |
: Michael D. Bordo |
Publisher |
: University of Chicago Press |
Total Pages |
: 453 |
Release |
: 2015-03-02 |
ISBN-10 |
: 9780226051512 |
ISBN-13 |
: 022605151X |
Rating |
: 4/5 (12 Downloads) |
Synopsis Strained Relations by : Michael D. Bordo
During the twentieth century, foreign-exchange intervention was sometimes used in an attempt to solve the fundamental trilemma of international finance, which holds that countries cannot simultaneously pursue independent monetary policies, stabilize their exchange rates, and benefit from free cross-border financial flows. Drawing on a trove of previously confidential data, Strained Relations reveals the evolution of US policy regarding currency market intervention, and its interaction with monetary policy. The authors consider how foreign-exchange intervention was affected by changing economic and institutional circumstances—most notably the abandonment of the international gold standard—and how political and bureaucratic factors affected this aspect of public policy.
Author |
: Asian Development Bank |
Publisher |
: Asian Development Bank |
Total Pages |
: 1485 |
Release |
: 2012-01-01 |
ISBN-10 |
: 9789290926337 |
ISBN-13 |
: 9290926333 |
Rating |
: 4/5 (37 Downloads) |
Synopsis ASEAN+3 Bond Market Guide by : Asian Development Bank
This report contains the comprehensive reports of the ASEAN+3 Bond Market Forum Sub-Forum 1 (SF1) and Sub-Forum 2 (SF2). The SF1 report (Volume 1) analyzes the harmonization and standardization of the existing bond markets in the ASEAN+3. It also contains the individual market guides of 11 economies under the ASEAN+3 Bond Market Forum (ABMF). The SF2 report (Volume 2) provides an overview of the ASEAN+3 bond markets and their infrastructures, as well as issues confronted by each bond market in the region. It also presents bond-market infrastructure diagrams, domestic bond transaction flows, and cross-border bond transaction flows, which can help the reader to visually navigate the existing bond market infrastructures in the region. The report is the product of the collaborative efforts of the National Members and Experts and International Experts of the ABMF in cooperation with the Asian Development Bank's Office of Regional Economic Integration.