2014 Pilot External Sector Report

Policy Papers ◽  
2014 ◽  
Vol 2014 (35) ◽  
Author(s):  
Keyword(s):  
Exchange Rates ◽  
Global Stability ◽  
Capital Flows ◽  
Good Position ◽  
Balance Sheets ◽  
External Balance ◽  
Comprehensive Manner ◽  
Consistent Assessment ◽  
The Stability ◽  
External Sector

The IMF’s third Pilot External Sector Report (ESR) presents a multilaterally consistent assessment of the largest economies’ external sector positions and policies for 2013 and early 2014. The report integrates the analysis from the Fund’s bilateral and multilateral surveillance to provide a coherent assessment of exchange rates, current accounts, reserves, capital flows, and external balance sheets. Together with the Spillover Report and Article IV consultations (with their heightened focus on spillovers), this Report is part of a continuous effort to ensure the Fund is in a good position to address the possible effects of spillovers from members’ policies on global stability and monitor the stability of members’ external sectors in a comprehensive manner.

2013 Pilot External Sector Report

Policy Papers ◽  
2013 ◽  
Vol 2013 (54) ◽  
Author(s):  
Keyword(s):  
Exchange Rates ◽  
Global Stability ◽  
Capital Flows ◽  
Good Position ◽  
Balance Sheets ◽  
External Balance ◽  
Comprehensive Manner ◽  
Consistent Assessment ◽  
The Stability ◽  
External Sector

The IMF’s Second Pilot External Sector Report presents a multilaterally consistent assessment of the largest economies’ external sector positions and policies for 2012-2013 H1. The report integrates the analysis from the Fund’s bilateral and multilateral surveillance to provide a coherent assessment of exchange rates, current accounts, reserves, capital flows, and external balance sheets. The report takes into account feedback received on the previous report by placing a greater emphasis on capital flows and through further refinements to the EBA methodology. Together with the Spillover Report and Article IV consultations (with their heightened focus on spillovers), this Report is part of a continuous effort to ensure the Fund is in a good position to address the possible effects of spillovers from members’ policies on global stability and monitor the stability of members’ external sectors in a comprehensive manner.

scholarly journals External Sector Report, July 2018

2018 ◽  
Vol 18 (07) ◽  
pp. 1
Author(s):  
Keyword(s):  
Exchange Rates ◽  
Capital Flows ◽  
Trade Costs ◽  
Global Imbalances ◽  
Balance Sheets ◽  
External Balance ◽  
Analytical Assessment ◽  
Policy Barriers ◽  
Consistent Assessment ◽  
External Sector

The External Sector Report presents a methodologically consistent assessment of the exchange rates, current accounts, reserves, capital flows, and external balance sheets of the world’s largest economies. The 2018 edition includes an analytical assessment of how trade costs and related policy barriers drive excess global imbalances.

Pilot External Sector Report

Policy Papers ◽  
2012 ◽  
Vol 2012 (6) ◽  
Author(s):  
Keyword(s):  
Exchange Rates ◽  
Capital Flows ◽  
Real Exchange Rates ◽  
Balance Sheets ◽  
New Methods ◽  
External Balance ◽  
Analytical Work ◽  
External Sector

This Pilot External Sector Report (ESR) provides a multilaterally consistent analysis of the external positions of major world economies. Following the recommendations of the 2011 Triennial Surveillance Review and the Managing Director’s Statement on Strengthening Surveillance, the focus of the analysis has been broadened beyond exchange rates to detailed examinations of current accounts, reserves, capital flows, and external balance sheets. It draws upon the Research Department’s past and new methods for assessing current accounts and real exchange rates (see Appendix I), and on previous IMF analytical work on exchange rates, capital flows and measures, and reserves adequacy.

scholarly journals International Liquidity and Exchange Rate Dynamics *

2015 ◽  
Vol 130 (3) ◽  
pp. 1369-1420 ◽  
Author(s):  
Xavier Gabaix ◽  
Matteo Maggiori
Keyword(s):  
Exchange Rate ◽  
Financial Markets ◽  
Exchange Rates ◽  
Capital Flows ◽  
Risk Sharing ◽  
Market Model ◽  
International Liquidity ◽  
Balance Sheets ◽  
Macroeconomic Analysis ◽  
International Pricing

Abstract We provide a theory of the determination of exchange rates based on capital flows in imperfect financial markets. Capital flows drive exchange rates by altering the balance sheets of financiers that bear the risks resulting from international imbalances in the demand for financial assets. Such alterations to their balance sheets cause financiers to change their required compensation for holding currency risk, thus affecting both the level and volatility of exchange rates. Our theory of exchange rate determination in imperfect financial markets not only helps rationalize the empirical disconnect between exchange rates and traditional macroeconomic fundamentals, it also has real consequences for output and risk sharing. Exchange rates are sensitive to imbalances in financial markets and seldom perform the shock absorption role that is central to traditional theoretical macroeconomic analysis. Our framework is flexible; it accommodates a number of important modeling features within an imperfect financial market model, such as nontradables, production, money, sticky prices or wages, various forms of international pricing-to-market, and unemployment.

Global stability result for parabolic Cauchy problems

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Mourad Choulli ◽  
Masahiro Yamamoto
Keyword(s):  
New York ◽  
Partial Differential Equations ◽  
Global Stability ◽  
Classical Problem ◽  
Stability Result ◽  
Cauchy Problems ◽  
Smooth Solutions ◽  
Linear Partial Differential Equations ◽  
Ill Posed ◽  
The Stability

AbstractUniqueness of parabolic Cauchy problems is nowadays a classical problem and since Hadamard [Lectures on Cauchy’s Problem in Linear Partial Differential Equations, Dover, New York, 1953], these kind of problems are known to be ill-posed and even severely ill-posed. Until now, there are only few partial results concerning the quantification of the stability of parabolic Cauchy problems. We bring in the present work an answer to this issue for smooth solutions under the minimal condition that the domain is Lipschitz.

Global Stability Analysis of the Wake behind a Circular Cylinder Based on the POD-Chiba Method

2011 ◽  
Vol 137 ◽  
pp. 72-76
Author(s):  
Wei Zhang ◽  
Xian Wen ◽  
Yan Qun Jiang
Keyword(s):  
Stability Analysis ◽  
Circular Cylinder ◽  
Global Stability ◽  
Dimensional Model ◽  
Global Stability Analysis ◽  
The Stability ◽  
Low Dimensional ◽  
Proper Orthogonal ◽  
Calculated Amount ◽  
Good Agreement

A proper orthogonal decomposition (POD) method is applied to study the global stability analysis for flow past a stationary circular cylinder. The flow database at Re=100 is obtained by CFD software, i.e. FLUENT, with which POD bases are constructed by a snapshot method. Based on the POD bases, a low-dimensional model is established for solving the two-dimensional incompressible NS equations. The stability of the flow solution is evaluated by a POD-Chiba method in the way of the eigensystem analysis for the velocity disturbance. The linear stability analysis shows that the first Hopf bifurcation takes place at Re=46.9, which is in good agreement with available results by other high-order accurate stability analysis methods. However, the calculated amount of POD is little, which shows the availability and advantage of the POD method.

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