IMF Working Papers

The IMF’s Reserves Template and Nominal Exchange Rate Volatility

By Jesus R Gonzalez-Garcia, John Cady

December 1, 2006

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Jesus R Gonzalez-Garcia, and John Cady. The IMF’s Reserves Template and Nominal Exchange Rate Volatility, (USA: International Monetary Fund, 2006) accessed November 21, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Data dissemination, Debt burden, Exchange rates, Foreign currency liquidity, Special Data Dissemination Standard (SDDS)

Keywords: Estimate, Nominal exchange rate, WP

Publication Details

  • Pages:

    22

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2006/274

  • Stock No:

    WPIEA2006274

  • ISBN:

    9781451865349

  • ISSN:

    1018-5941

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