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Structural Factors Affecting Exchange Rate Volatility [electronic resource] : A Cross-Section Study, Canales Kriljenko, Jorge Iván.

Author/Creator:
Canales Kriljenko, Jorge Iván.
Publication:
Washington, D.C. : International Monetary Fund, 2004.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 04/147.
IMF Working Papers; Working Paper No. 04/147
Format/Description:
Government document
Book
1 online resource (13 p.)
Local subjects:
Basket of currencies. (search)
Capital flows. (search)
Daily exchange rate. (search)
Effective exchange rate. (search)
Exchange arrangements. (search)
Exchange markets. (search)
Exchange operations. (search)
Exchange rate. (search)
Exchange rate arrangements. (search)
Exchange rate behavior. (search)
Exchange rate fluctuations. (search)
Exchange rate movements. (search)
Exchange rate policy. (search)
Exchange rate regime. (search)
Exchange rate regimes. (search)
Exchange rate volatility. (search)
Exchange rates. (search)
Exchange reserves. (search)
Exchange restrictions. (search)
Exchange transactions. (search)
Flexible exchange rate. (search)
Flexible exchange rate regimes. (search)
Floating exchange rates. (search)
Foreign Exchange. (search)
Foreign exchange market. (search)
Foreign exchange markets. (search)
Foreign exchange operations. (search)
Foreign exchange transactions. (search)
International finance. (search)
International financial. (search)
International financial statistics. (search)
International trade. (search)
Multiple currency practices. (search)
Nominal effective exchange rate. (search)
Nominal exchange rate. (search)
Nominal exchange rates. (search)
Prevailing exchange rate. (search)
Real exchange rate. (search)
Real exchange rate volatility. (search)
Structural adjustment. (search)
Volatile exchange rates. (search)
Egypt. (search)
Summary:
The paper examines factors affecting exchange rate volatility, with an emphasis on structural features of the foreign exchange regime. It draws for the first time on detailed survey data collected by the IMF on foreign exchange market organization and regulations. Key findings are that decentralized dealer markets, regulations on the use of domestic currency by nonresidents, acceptance of Article VIII obligations, and limits on banks'' foreign exchange positions are associated with lower exchange rate volatility. The paper also provides support for earlier results on the influence of macroeconomic conditions and the choice of exchange rate regime on volatility.
Notes:
Description based on print version record.
Contributor:
Canales Kriljenko, Jorge Iván.
Habermeier, Karl Friedrich.
Other format:
Print Version:
ISBN:
1451856768:
9781451856767
ISSN:
1018-5941
Publisher Number:
10.5089/9781451856767.001
Access Restriction:
Restricted for use by site license.
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