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Private Information, Capital Flows, and Exchange Rates

Author/Editor: Jacob Gyntelberg, Mico Loretan, Subhanij Tientip.

Release Date: August, 2012

Price: $18.00

We demonstrate empirically that not all capital flows influence exchange rates equally: Capital flows induced by foreign investors’ stock market transactions have both an economically more...



Exchange Rate Fluctuations and International Portfolio Rebalancing in Thailand

Author/Editor: Jacob Gyntelberg, Mico Loretan, Subhanij Tientip.

Release Date: August, 2012

Price: $18.00

We present empirical evidence that the Thai baht’s value is driven in part by investors’ cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive more...



Two Targets, Two Instruments : Monetary and Exchange Rate Policies in Emerging Market Economies

Author/Editor: Jonathan David Ostry, Atish R Ghosh, Marcos d Chamon.

Release Date: February, 2012

Price: $10.00

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 more...



Ghana: Financial System Stability Assessment Update

Release Date: June, 2011

Price: $18.00

Measuring Financial Barriers Among East African Community Countries

Author/Editor: Yi David Wang.

Release Date: August, 2010

Price: $18.00

This paper seeks to quantify existing financial barriers among East African Community (EAC) member countries based on analysis of each member country’s foreign exchange market. The primary more...



A Puzzle of Microstructure Market Maker Models

Author/Editor: Rafael Romeu.

Release Date: January, 2004

Price: $20.00

This study addresses the empirical viability of microstructure models of dealer price setting. New evidence is presented rejecting these models' specifications of how information asymmetry and more...