Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Abstract: There is surprisingly little empirical research on whether Balassa-Samuelson effects can explain the long-run behavior of real exchange rates in developing countries. This paper presents new ...

Drawing a scatter diagram between differences in service prices and productivity among Japanese regions reveals a positive correlation. Additionally, all students of international economics know of ...

Our special report on the world of prices wouldn't be complete without asking, and trying to answer, a big, and surprisingly complex, question: How do pricey countries get that way? Zenaide Muneton is ...

This paper investigates how the Asian Monetary Unit (AMU) Deviation Indicators for surveillance measurements among East Asian currencies are improved by changing their benchmark rates from the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What do the Lao kip, Haitian gourde and Uzbekistani som have in common? According to one theory, at least, they ...

Abstract: It is a remarkable topic at all times whether the Balassa-Samuelson hypothesis, hold for real exchange rate in transition countries, but it doesn't become the focus in China until recently ...