The IMF’s Reserves Template and Nominal Exchange Rate Volatility :

John Cady; Jesus Gonzalez-Garcia

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Date of Issue 2006

Contributing Member INTERNATIONAL MONETARY FUND

Publisher INTERNATIONAL MONETARY FUND

ISSN 1018-5941 | 2227-8885

Physical Description Print

Series Report / No Working Paper No. 06/274

ISBN 9781451865349 | 9781451909876 | 9781452748115 | 9781462365937

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.

IMF Working Papers