Download or read book Adjustment Costs and the Distribution of New Reserves written by Benjamin J. Cohen and published by Princeton University Press. This book was released on 1966 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Adjustment and the Distribution of New Reserves written by B. J. Cohen and published by . This book was released on 1966 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Need for International Reserves and Credit Facilities written by J. de Beaufort Wijnholds and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: International monetary economics essentially deals with three problems, viz. the nature and stability of the international monetary system, the balance of payments adjustment process, and international liquidity (reserves and credit facilities). All three categories are interrelated. The exchange rate system has an important bearing on the manner in which the adjustment process functions, as well as on the need for international liquidity. The adjustment process is an important determinant of the need for international liquidity. The adequacy of international liquidity influences the working of the adjustment process. Ultimately, developments in international liquidity and in the adjustment process determine the nature and stability of the international monetary system; a sustained malfunctioning of the adjustment process - brought about by a serious imbalance in international liquidity or by other causes - will bring about a new international monetary system, either through collapse or reform of the old system. This study deals only with the problem of international liquidity. However, it touches on the two other main aspects of international monetary economics insofar as they have a bearing on international reserves and credit facilities. In the literature international liquidity is most often defined as including international reserves (gold, SDRs, foreign exchange and claims on the IMF) and international credit facilities (IMF drawing rights, EEC support arrangements and central bank multilateral and bilateral credit facilities). This definition will also be followed in this study.

Download or read book The Economics of Labor Adjustment written by Russell W. Cooper and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the inferences about labor adjustment costs obtained by the 'gap methodology' of Caballero and Engel [1993] and Caballero, Engel and Haltiwanger [1997]. In that approach, the policy function of a manufacturing plant is assumed to depend on the gap between a target and the current level of employment. Using time series observations, these studies reject the quadratic cost of adjustment model and find that aggregate employment dynamics depend on the cross sectional distribution of employment gaps. We argue that these conclusions may not be justified. Instead these findings may reflect difficulties measuring the gap. Thus it appears that the gap methodology, as currently employed, may be unable to: (i) identify the costs of labor adjustment and (ii) assess the aggregate implications of labor adjustment costs.

Download or read book An Aggregate Theory of International Payments Adjustment written by H.Peter Gray and published by Springer. This book was released on 1974-06-18 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dialogue for a New Order written by Khadija Haq and published by Elsevier. This book was released on 2013-10-22 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dialogue for a New Order is a collection of papers that discusses the issues in the relationship of developed and developing nations. The book covers topics such as monetary reforms, strategies for national development, and international resource transfers. The text details the choices that the South has to make in maintaining its political stability and improving its diplomatic ties. Next, the selection presents articles about reforming the international monetary and trade framework. The next part discusses the long-term problems that plague the international community. The last part of the text details the critical policy options, which can enhance global interdependence and accommodate the legitimate interests of all nations. The book will be of great interest to economists, political scientists, sociologists, and game theorists.

Download or read book On Linking Reserve Creation and Development Assistance written by United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments and published by . This book was released on 1969 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On Linking Reserve Creation and Development Assistance written by United States. Congress. Economic Joint Committee and published by . This book was released on 1969 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Department of State Publication written by and published by . This book was released on 1968 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Hearings written by and published by . This book was released on 1969 with total page 1630 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Linking Reserve Creation and Development Assistance written by United States. Congress. Economic Joint Committee and published by . This book was released on 1969 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Linking Reserve Creation and Development Assistance written by United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments and published by . This book was released on 1969 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews proposals to link foreign assistance to the IMF special drawing rights plan for international finance to aid developing countries by increasing their special drawing rights against the international pool of gold and currency reserves, thereby increasing the liquidity of developing nations, through corresponding decreases in the special drawing rights of wealthier nations.

Download or read book Hearings Reports and Prints of the Joint Economic Committee written by United States. Congress. Joint Economic Committee and published by . This book was released on 1969 with total page 1770 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Introduction to Development Economics written by Subrata Ghatak and published by Psychology Press. This book was released on 1995 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the major economic issues confronting less-developed countries.

Download or read book The International Monetary System written by Robert J. Carbaugh and published by Lawrence : University Press of Kansas. This book was released on 1976 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: International monetary reform is of vital importance to the countries of the world. Although many studies have been made of the structure and problems of the international payment mechanism, few provide an analytical survey of the international monetary system. This study analyzes the structural and operational limitations of past systems as well as the major reform proposals for modifying and/or replacing the current system with a new payment mechanism. The authors describe the structure and nature of the international payment system and identify the issues relating to international adjustment, liquidity, and confidence. They discuss the nature of international liquidity, including liquidity's purpose, sources of demand and supply, and potential shortcomings. They analyze the theoretical and empirical implications of the gold standard. Of primary concern is the extent to which the actual operations of the system corresponded to the theoretical role of the gold standard, and the nature and limitations of the so-called dollar-gold system that prevailed in the past quarter century until 1971. The major reform proposals of the international payment mechanism are next discussed. Included are the proposals of historical interest such as Keynes, Triffin, Bernstein, Stamp, Angell, Rueff, and the currently debated issues of the Special Drawing Rights standard, freely floating exchange rates, and the wider-band and crawling-pegged exchange rate mechanisms. Finally the authors analyze the nature, operation, and future role of the managed float exchange rate system, which resulted from the international monetary crisis of 1973. Of particular interest are the effects of the Organization of Petroleum Exporting Countries' (OPEC) cartel on the U.S. dollar as a reserve currency, and the monetary effects of the cartel's balance-of-payments surplus on the world financial markets. This study provides the historical background, the institutional framework, and a balanced analysis of problems involved in the international monetary system. It will be of interest to all students of economics and finance, and should be read by anyone wishing to understand the world of ever-expanding trade.

Download or read book Surveys of Applied Economics written by Royal Economic Society and published by Springer. This book was released on 1977-06-17 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Balance of payments Adjustment Process in Developing Countries written by and published by . This book was released on 1980 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: