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The IMF’s Reserves Template and Nominal Exchange Rate Volatility

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  • Mr. Jesus R Gonzalez-Garcia
  • Mr. John Cady

Abstract

The 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.

Suggested Citation

  • Mr. Jesus R Gonzalez-Garcia & Mr. John Cady, 2006. "The IMF’s Reserves Template and Nominal Exchange Rate Volatility," IMF Working Papers 2006/274, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2006/274
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20116
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    References listed on IDEAS

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    Cited by:

    1. International Monetary Fund, 2012. "Eastern Caribbean Currency Union: Selected Issues," IMF Staff Country Reports 2012/130, International Monetary Fund.
    2. Torija-Zane, Edgardo, 2015. "Bancos centrales “periféricos”: el caso de América Latina," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39989, May.

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