The IMF’s Reserves Template and Nominal Exchange Rate Volatility
December 1, 2006
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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
Pages:
22
Volume:
2006
DOI:
Issue:
274
Series:
Working Paper No. 2006/274
Stock No:
WPIEA2006274
ISBN:
9781451865349
ISSN:
1018-5941
