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Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar

Author/Editor: Gian Milesi-Ferretti.

Release Date:November, 2008

The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain more...



Price: $18.00
Exchange Rate Analysis in Support of IMF Surveillance : A Collection of Empirical Studies

Author/Editor: Charalambos G Tsangarides, Carlo Cottarelli, Gian Milesi-Ferretti, Atish R Ghosh.

Release Date:September, 2008

Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide more...



Price: $37.50
Exchange Rate Assessments : CGER Methodologies

Author/Editor: Jaewoo Lee, Jonathan David Ostry, Alessandro Prati, Luca Antonio Ricci, Gian Milesi-Ferretti.

Release Date:April, 2008

The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger more...



Price: $30.00
Where Did All the Borrowing Go? A Forensic Analysis of the U.S. External Position

Author/Editor: Gian Milesi-Ferretti, Philip R Lane.

Release Date:February, 2008

The deterioration in the U.S. net external position in recent years has been much smaller than the extensive net borrowing associated with large current account deficits would have suggested. This more...



Price: $18.00
Real Exchange Rates and Fundamentals : A Cross-Country Perspective

Author/Editor: Luca Antonio Ricci, Jaewoo Lee, Gian Milesi-Ferretti.

Release Date:January, 2008

This paper employs newly constructed measures for productivity differentials, external imbalances, and commodity terms of trade to estimate a panel cointegrating relationship between real exchange more...



Price: $18.00
Europe and Global Imbalances

Author/Editor: Philip R Lane, Gian Milesi-Ferretti.

Release Date:June, 2007

Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by more...



Price: $18.00
Capital Flows to Central and Eastern Europe

Author/Editor: Gian Milesi-Ferretti, Philip R Lane.

Release Date:August, 2006

We examine the evolution of the net external asset positions of Central and Eastern Europe (CEEC) countries over the past decade, with a strong emphasis on the composition of their international more...



Price: $15.00
The External Wealth of Nations Mark II : Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004

Author/Editor: Philip R Lane, Gian Milesi-Ferretti.

Release Date:March, 2006

We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the more...



Price: $15.00
Financial Globalization and Exchange Rates

Author/Editor: Gian Milesi-Ferretti, Philip R Lane.

Release Date:January, 2005

The founders of the Bretton Woods System 60 years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on more...



Price: $15.00
Fiscal Adjustment in EU Countries : A Balance Sheet Approach

Author/Editor: Kenji Moriyama, Gian Milesi-Ferretti.

Release Date:August, 2004

Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper more...



Price: $15.00
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