 | In Search of a Dramatic Equilibrium : Was the Armenian Dram Overvalued? Author/Editor: Nienke Oomes, Vahram Stepanyan, Gohar Minasyan, Ara Stepanyan. Release Date:March, 2009 This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, more...
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| Why Do Countries Peg the Way They Peg? The Determinants of Anchor Currency Choice Author/Editor: Nienke Oomes, Christopher M Meissner. Release Date:May, 2008 What determines the currency to which countries peg or anchor their exchange rate? Data for over 100 countries between 1980 and 1998 reveal that trade network externalities are a key determinant. more...
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| Diagnosing Dutch Disease : Does Russia Have the Symptoms? Author/Editor: Katerina Kalcheva, Nienke Oomes. Release Date:April, 2007 In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first provide a brief review of the literature on Dutch Disease and the natural resource more...
| Price: $18.00
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| The Utilization-Adjusted Output Gap : Is the Russian Economy Overheating? Author/Editor: Nienke Oomes, Oksana Dynnikova. Release Date:March, 2006 This paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue is preferable to traditional output gap methods. The approach amounts to (1) more...
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| Money Demand and Inflation in Dollarized Economies : The Case of Russia Author/Editor: Franziska Ohnsorge, Nienke Oomes. Release Date:July, 2005 Money demand in dollarized economies often appears to be highly unstable, making it difficult to forecast and control inflation. In this paper, we show that a stable money demand function for Russia more...
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| Maintaining Competitiveness Under Equilibrium Real Appreciation : The Case of Slovakia Author/Editor: Nienke Oomes. Release Date:March, 2005 This paper evaluates competitiveness in Slovakia and estimates the equilibrium real exchange rate for the koruna. Slovak wages and prices are found to have been relatively low even when adjusted for more...
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| Keeping Capital Flowing : The Role of the IMF Author/Editor: Michael D Bordo, Ashoka Mody, Nienke Oomes. Release Date:October, 2004 In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows more...
| Price: $15.00
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| The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital? Author/Editor: Abdul Abiad, Nienke Oomes, Kenichi Ueda. Release Date:June, 2004 The study documents evidence of a quality effect of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the more...
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 | Evolution and Performance of Exchange Rate Regimes Author/Editor: Robin Brooks, Kenneth Rogoff, Ashoka Mody, Nienke Oomes, Aasim M. Husain. Release Date:May, 2004 The issue of the appropriate exchange rate regime for individual countries has been perennially lively, and the role played by international capital flows and domestic financial systems in more...
| Price: $25.00
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| Evolution and Performance of Exchange Rate Regimes Author/Editor: Aasim M Husain, Ashoka Mody, Nienke Oomes, Robin Brooks, Kenneth Rogoff. Release Date:December, 2003 Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free more...
| Price: $15.00
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