Managing the Impact of Resource Booms on the Real Effective Exchange Rate : The Role of Financial Sector Development.

Whereas most of the literature related to the so-called 'resource curse' tends to emphasize on institutional factors and public policies, in this research we focus on the role of the financial sector, which has been surprisingly overlooked. We find that countries that have financial system...

詳細記述

書誌詳細
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2021.
シリーズ:IMF Working Papers; Working Paper ; No. 2021/073
主題:
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Managing the Impact of Resource Booms on the Real Effective Exchange Rate :   |b The Role of Financial Sector Development. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Whereas most of the literature related to the so-called 'resource curse' tends to emphasize on institutional factors and public policies, in this research we focus on the role of the financial sector, which has been surprisingly overlooked. We find that countries that have financial systems with more depth, as well as those that actively manage their central banks' balance sheets experience less exchange-rate appreciation than countries that do not. We analyze the relationship between these two findings and suggest that they appear to follow separate mechanisms. 
538 |a Mode of access: Internet 
650 7 |a Credit Vis-A-Vis Credit  |2 imf 
650 7 |a Financial Development  |2 imf 
650 7 |a Monetary Policy  |2 imf 
650 7 |a Reer Appreciation  |2 imf 
650 7 |a Resource-Rich Countries  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/073 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/073/001.2021.issue-073-en.xml  |z IMF e-Library