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Foreign exchange:

1993

Title: Auctions: Theory and Possible Applications to Economies in Transition

Author: Mehra, Rajnish ; Feldman, A Robert

Series: Working Paper No. 1993/012

Date: February 1, 1993

Notes: Assesses various auction techniques to price and allocate government securities, refinance credit, foreign exchange, and state assets in the context of privatization programs. Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Credit Financial institutions Foreign exchange Government securities Institutional arrangements for revenue administration Money Revenue administration Securities

Title: Portfolio Performance of the SDR and Reserve Currencies: Tests Using the ArCH Methodology

Author: Temel, Tugrul ; Papaioannou, G. Michael

Series: Working Paper No. 1993/010

Date: February 1, 1993

Notes: Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Commodities Currencies Exchange rates Foreign exchange Gold Money National accounts Return on investment

Title: Stabilization Programs and External Enforcement: Experience From the 1920's

Author: Santaella, A. Julio

Series: Working Paper No. 1993/003

Date: January 1, 1993

Notes: Analyzes six European currency stabilizations sponsored by the League of Nations in the 1920s, namely Austria, Hungary, Greece, Bulgaria, Estonia and Danzig. Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Banking Currencies Exchange rates Financial institutions Foreign exchange Inflation Loans Monetary expansion Monetary policy Money Prices

Title: French-German Interest Rate Differentials and Time-Varying Realignment Risk

Author: Caramazza, Francesco

Series: Working Paper No. 1993/001

Date: January 1, 1993

Notes: Explores the determinants of expected rates of realignment of the French franc/Deutsche mark exchange rate during the period 1987-1991. Also published in Staff Papers, Vol. 40, No. 3, September 1993.

Subject: Crawling peg Currencies Exchange rate adjustments Exchange rates Foreign exchange Labor Money Unemployment rate

1992

Title: Optimal and Sustainable Exchange Rate Regimes: A Simple Game-Theoretic Approach

Author: Kawai, Masahiro

Series: Working Paper No. 1992/100

Date: November 1, 1992

Notes: Examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. Also published in Staff Papers, Vol. 40, No. 2, June 1993.

Subject: Conventional peg Exchange rate arrangements Exchange rate flexibility Exchange rates Foreign exchange Monetary base Money

Title: Asymmetry in the ERM: A Case Study of French and German Interest Rates Since Basle-Nyborg

Author: Perraudin, R. M. W. ; Gardner, H. E.

Series: Working Paper No. 1992/096

Date: November 1, 1992

Notes: Empirical study on daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. Also published in Staff Papers, Vol. 40, No. 2, June 1993.

Subject: Currencies Exchange rates Financial services Foreign exchange Foreign exchange intervention Long term interest rates Monetary aggregates Money Short term interest rates

Title: China: An Evolving Market Economy: A Review of Reform Experience

Author: Kochhar, Kalpana ; Bell, W. Michael

Series: Working Paper No. 1992/089

Date: November 1, 1992

Notes: Examines China's reform experience since 1978.

Subject: Agricultural sector Economic sectors Fiscal policy Foreign exchange Inflation Labor Prices

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