MissMahvash Qureshi

Friedman Redux

External Adjustment and Exchange Rate Flexibility

Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that...

Exchange Rate Management and Crisis Susceptibility

A Reassessment

This paper revisits the bipolar prescription for exchange rate regime choice and asks two questions: are the poles of hard pegs and pure floats still ...

The Empirics of Exchange Rate Regimes and Trade

Words vs. Deeds

This paper examines the impact of exchange rate regimes on bilateral trade while differentiating the effects of "words" and "deeds". Our findings-base...

Managing Capital Inflows

What Tools to Use?

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit co...

Surges

This paper examines why surges in capital flows to emerging market economies (EMEs) occur, and what determines the allocation of capital across countr...

What’s In a Name? That Which We Call Capital Controls

This paper investigates why controls on capital inflows have a bad name, and evoke such visceral opposition, by tracing how capital controls have been...

Regulating Capital Flows at Both Ends

Does it Work?

This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient c...

Words Vs. Deeds

What Really Matters?

This paper revisits the link between the nominal exchange rate regime and inflation, based on a sample of 145 emerging market and developing countries...