Title Exchange market pressure and monetary policy : Asia and Latin America in the 1990s / prepared by Evan Tanner

Published [Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, ©1999

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Description 1 online resource (42 pages) : illustrations Series IMF working paper, 2227-8885 ; WP/99/114 IMF working paper ; WP/99/114. Summary The term exchange market pressure (EMP) generally refers to movements in two key external sector variables, namely (official) international reserve holdings and the (nominal) exchange rate. 2 More precisely, Girton and Roper's (1977) seminal paper defined EMP as the sum of exchange rate depreciation and reserve outflows (scaled by base money).3 Such a measure summarizes the difference between the growth rates of money supply and demand under managed exchange rate regimes. 4 Bibliography Includes bibliographical references (pages 39-42) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Foreign exchange -- Asia Foreign exchange -- Latin America Monetary policy -- Asia Monetary policy -- Latin America Credit -- Asia Credit -- Latin America Bank reserves -- Asia Bank reserves -- Latin America Bank reserves Credit Foreign exchange Monetary policy Asia Latin America Form Electronic book Author International Monetary Fund. Western Hemisphere Department. ISBN 1282045903 9781282045903 1451899173 9781451899177 1462328733 9781462328734 9786613797681 6613797685 9781451853773 1451853777

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