The IMF's Reserves Template and Nominal Exchange Rate Volatility
AbstractThe effects of the adoption of the IMF's International Reserves and Foreign Currency Liquidity Data Template on nominal exchange rate volatility are investigated for 48 countries. Estimation of panel data models indicates that nominal exchange rate volatility decreases following dissemination of reserves template data while the effects of indebtedness and reserve adequacy on volatility exhibit statistically significant changes.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 06/274.
Date of creation: 01 Dec 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-06 (All new papers)
- NEP-CBA-2007-01-06 (Central Banking)
- NEP-IFN-2007-01-06 (International Finance)
- NEP-MON-2007-01-06 (Monetary Economics)
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