The IMF’s Reserves Template and Nominal Exchange Rate Volatility

Jesus Gonzalez-Garcia and John Cady

No 2006/274, IMF Working Papers from International Monetary Fund

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.

Keywords: WP; nominal exchange rate; estimate (search for similar items in EconPapers)
Pages: 22
Date: 2006-12-01
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Citations: View citations in EconPapers (2)

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