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Balance of payments anti-crises /
Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to understa...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
Ã2009.
|
| Colección: | IMF working paper ;
WP/09/134. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Kumhof, Michael, |e author. | |
| 245 | 1 | 0 | |a Balance of payments anti-crises / |c prepared by Michael Kumhof and Isabel Yan. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c Ã2009. | ||
| 300 | |a 1 online resource (21 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 338 | |a online resource |b cr |2 rdacarrier | ||
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| 347 | |a data file | ||
| 490 | 1 | |a IMF working paper ; |v WP/09/134 | |
| 504 | |a Includes bibliographical references (page 15). | ||
| 520 | 3 | |a Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to understand these episodes is as manifestations of balance of payments anti-crises, as reflecting the perception that the government intends to discontinue its accumulation of reserves in the near future. The end-phase of such crises is characterized by nominal interest rates approaching their zero lower bound in accelerating fashion and, if the government targets CPI inflation, by fast increasing domestic inflation. | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. The Model; A. Households; B. Firms; C. Government; D. Equilibrium; E. Government Revenue Shock; III. Model Solution; A. Parameter Values; B. Solution Method; IV. Anti-Crises; V. Conclusion; References; Figures; 1. China and Colombia-Reserves and Inflation; 2. Chile, Norway and Russia -- Reserves and Inflation; 3. (a) Anti-Crisis -- Overview; 3. (b) Anti-Crisis -- Labor Market; 3. (c) Anti-Crisis -- Government Budget; 3. (d) Anti-Crisis -- Price Levels and Inflation Rates | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Balance of payments. | |
| 650 | 0 | |a Foreign exchange administration. | |
| 650 | 0 | |a Inflation (Finance) | |
| 650 | 2 | |a Inflation, Economic | |
| 650 | 6 | |a Balance des paiements. | |
| 650 | 6 | |a Change |x Administration. | |
| 650 | 6 | |a Inflation. | |
| 650 | 7 | |a Balance of payments |2 fast | |
| 650 | 7 | |a Foreign exchange administration |2 fast | |
| 650 | 7 | |a Inflation (Finance) |2 fast | |
| 700 | 1 | |a Yan, Isabel K., |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. | |
| 758 | |i has work: |a Balance of payments anti-crises (Text) |1 https://id.oclc.org/worldcat/entity/E39PCG8Dc6pYMjgpTV8MCBVVFq |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Kumhof, Michael. |t Balance of payments anti-crises. |d [Washington, D.C.] : International Monetary Fund, Research Dept., 2009 |w (OCoLC)436034039 |
| 830 | 0 | |a IMF working paper ; |v WP/09/134. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608348 |z Texto completo |
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