Download or read book Anticipating Balance of Payments Crises The Role of Early Warning Systems written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 2000-01-24 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have witnessed an increase in the frequency of currency and balance of payments crises in developing countries. More important, the crises have become more virulent, have caused widespread disruption to other developing countries, and have even had repercussions on advanced economies. To predict crises, their causes must be clearly understood. Two competing strands of theories are reviewed in this paper. The first focuses on the consequences of such policies as excessive credit growth in provoking depletion of foreign exchange reserves and making a devaluation enevitable. The second emphasizes the trade-offs between internal and external balance that the policymaker faces in defending a peg.
Download or read book Intertemporal Balance of Payments written by Pentti J. K. Kouri and published by . This book was released on 1983 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Balance of Payments and the Foreign Exchange Market written by Pentti J. K. Kouri and published by . This book was released on 1978 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Balance of Payments and the Foreign Exchange Market written by Pentti J. K. Kouri and published by . This book was released on 1981 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a dynamic partial equilibrium model of the foreign exchange market extending the standard textbook model in two respects. First, capital account transactions are explicitly incorporated into the model, and secondly, 'rational' speculative behaviour is also introduced. At a point in time, or in a given day, exchange rate fluctuations are dominated by 'new information' that leads to revision of speculative expectations, as well as by other disturbances on the capital account. In the long run, fundamental factors, such as divergences of inflation rates and real changes influencing the trade balance, become relevant in determining the 'trend' of the exchange rate. A variety of exercises, and numerical simulations, illustrate the usefulness of the dynamic supply-demand model in understanding the behaviour of floating exchange rates in a world of high capital mobility
Download or read book CA written by and published by . This book was released on 1973 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book World Trade and Payments written by Richard E. Caves and published by Boston : Little, Brown. This book was released on 1973 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Model of the U S Balance of Payments written by Peter Bain Kenen and published by . This book was released on 1978 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Friedman Redux written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2014-08-08 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or aggregate) exchange rate regime classifications, which often mask very heterogeneous bilateral relationships between countries. Constructing a novel dataset of bilateral exchange rate regimes that differentiates by the degree of exchange rate flexibility, as well as by direct and indirect exchange rate relationships, for 181 countries over 1980–2011, we find a significant and empirically robust relationship between exchange rate flexibility and the speed of external adjustment. Our results are supported by several “natural experiments” of exogenous changes in bilateral exchange rate regimes.
Download or read book World Trade and Payments written by Richard E. Caves and published by Addison Wesley. This book was released on 1999 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: This streamlined edition takes a theoretical approach to world trade and finance. It features updated material, such as the outcome of the Uruguay Round of international tariff negotiations, and sections new to this edition e×amine Eastern European economies and emerging industrialized countries.
Download or read book Exchange Rate Assessments written by Mr.Jaewoo Lee and published by International Monetary Fund. This book was released on 2008-04-07 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid increase in international trade and financial integration over the past decade and the growing importance of emerging markets in world trade and GDP have inspired the IMF to place stronger emphasis on multilateral surveillance, macro-financial linkages, and the implications of globalization. The IMF's Consultative Group on Exchange Rate Issues (CGER)--formed in the mid-1990s to provide exchange rate assessments for a number of advanced economies from a multilateral perspective--has therefore broadened its mandate to cover both key advanced economies and major emerging market economies. This Occasional Paper summarizes the methodologies that underpin the expanded analysis.
Download or read book Actes de la Session written by International Statistical Institute and published by . This book was released on 1995 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bulletin written by Université catholique de Louvain (1835-1969). Centre de recherches économiques and published by . This book was released on 1975 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Economics Two written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 1995-05-22 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume covers all the conventional topics of international monetary theory and open-economy macroeconomics, and a lot more besides. Gandolfo treats such further concepts as the theory of monetary integration and the European monetary union, foreign exchange crises and the Tobin tax, theory of games and international policy coordination. It follows the "two-tier" structure of the first volume, and, thanks to its self-contained treatment, may equally be used as a reference book.
Download or read book Confluence written by and published by . This book was released on 1969 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Computation and Economic Cybernetics Studies and Research written by and published by . This book was released on 1966 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt:
