Download or read book Composite Reserve Assets in the International Monetary System written by Jacob S. Dreyer and published by JAI Press(NY). This book was released on 1977 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Composite Reserve Assets in the International Monetary System written by Jacob S. Dreyer and published by JAI Press(NY). This book was released on 1977 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Next Steps in International Monetary Reform written by United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments and published by . This book was released on 1968 with total page 178 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 Guidelines for International Monetary Reform written by United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments and published by . This book was released on 1965 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Next Step in International Monetary Reform written by United States. Congress. Economic Joint Committee and published by . This book was released on 1968 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Toward a Less Unstable International Monetary System written by Group of Thirty. Reserve Assets Study Group and published by . This book was released on 1980 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resetting the International Monetary Non System written by José Antonio Ocampo and published by Oxford University Press. This book was released on 2017 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.
Download or read book Reserve Accumulation and International Monetary Stability written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2010-04-21 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its last report to the IMFC in October 2009, the IEO has completed its evaluation report on IMF Interactions with Member Countries and finalized issues papers for evaluations on the IMF Performance in the Run-up to the Current Financial and Economic Crisis and Research at the IMF: Relevance and Utilization. On February 1, Moisés Schwartz assumed his duties as the third Director of the IEO.
Download or read book Composite Currencies written by L. de V. Wragg and published by . This book was released on 1984 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Enhancing International Monetary Stability A Role for the SDR written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2011-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts—(i) a composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles; (ii) a potential new class of reserve assets: tradable SDRdenominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership; and (iii) a unit of account, which could be used to price internationally traded assets (e.g., sovereign bonds) and goods (e.g., commodities), to peg currencies, and to report balance of payments data. All three are discussed in this paper.
Download or read book Determinants of Currency Composition of Reserves a Portfolio Theory Approach with an Application to RMB written by MissYinqiu Lu and published by International Monetary Fund. This book was released on 2019-03-08 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The way central banks manage their foreign reserve assets has evolved over the past decades. One major trend is managing reserves in two or more tranches—liquidity tranche and investment tranche—especially for those with adequate reserves. Incorporating reserve tranching, we have developed in this paper a central bank’s reserve portfolio choice model to analyze the determinants of the currency composition of reserves. In particular, we adopt the classical mean-variance framework for the investment tranche and the asset-liability framework for the liquidity tranche. Building on these frameworks, the roles of currency compositions in imports invoicing and short-term external debt, and risk and returns of reserve currencies can be quantified by our structural model—a key contribution of our paper given the absence of structural models in the literature. Finally, we estimate the potential paths of the share of RMB in reserves under different scenarios to shed light on its status as an international currency.
Download or read book Estimating the Demand for Reserve Assets Across Diverse Groups written by Ms.Rina Bhattacharya and published by International Monetary Fund. This book was released on 2018-03-09 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes a fresh look at the determinants of reserves holding with the aim of highlighting similarities and differences in the motives for holding reserves among emerging markets (EMs), advanced economies (AEs), and low-income countries (LICs). We apply two panel estimation techniques: fixed effects (FE) and common correlated effects pooled mean group (CCEPMG). FE regression results suggest that precautionary savings motives, both current account- and capital account-related, are generally the most important determinants of reserves holding across country groups and that their importance has increased for AEs and LICs since the global financial crisis while receding for EMs. Mercantilist motives matter mostly for EMs. Intertemporal motives have been gaining importance everywhere over time. The CCEPMG results confirm the importance of precautionary motives and suggest that current account motives matter only for EMs and LICs and capital account motives matter for all groups while being more important for EMs in both the shortand long runs. The CCEPMG results also point to the importance of taking into account unobserved common factors that affect coefficient estimates and the dynamic process through which reserves adjust to changes. At about 0.6, the speed of adjustment to the long-run equilibrium implies that more than half of the gap between actual and desired reserve holdings is closed within a year.
Download or read book Reserve Currency written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-25 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Reserve Currency Reserve currencies are foreign currencies that are held in considerable quantities by central banks or other monetary authorities as part of their foreign exchange reserves. Reserve currencies are also known as reserve currencies. All areas of the global economy, including foreign transactions, international investments, and financial activities, are able to make use of the reserve currency. Additionally, it is frequently referred to as a hard money or a safe-haven currency. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Reserve currency Chapter 2: Currency Chapter 3: Special drawing rights Chapter 4: Currency substitution Chapter 5: Global financial system Chapter 6: Hard currency Chapter 7: Balance of payments Chapter 8: Bretton Woods system Chapter 9: Currency board Chapter 10: Foreign exchange reserves Chapter 11: Time-based currency Chapter 12: Triffin dilemma Chapter 13: Bancor Chapter 14: World currency Chapter 15: Monetary hegemony Chapter 16: International monetary system Chapter 17: London Gold Pool Chapter 18: Currency basket Chapter 19: International use of the U.S. dollar Chapter 20: Foreign-exchange reserves of India Chapter 21: China and the International Monetary Fund (II) Answering the public top questions about reserve currency. (III) Real world examples for the usage of reserve currency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Reserve Currency.
Download or read book International Reserves Exchange Rates and Developing country Finance written by Norman C. Miller and published by Free Press. This book was released on 1982 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Liquidity and the Role of the SDR in the International Monetary System written by Peter B. Clark and published by International Monetary Fund. This book was released on 2002-12 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes how the changed conditions in the international monetary system have undermined the role originally envisaged for the SDR. It argues that the concept of a global stock of international liquidity, which was fundamental to the creation of the SDR, is now no longer relevant. Nonetheless, there are good reasons to satisfy part of the growing demand for international reserves with SDR allocations: (i) there are efficiency gains, as SDRs can be created at zero resource cost, and thus obviate the need for countries to run current account surpluses or engage in expensive borrowing to obtain reserves, and (ii) there would be a reduction in systemic risk, as SDRs would substitute to some extent for borrowed reserves, which are less reliable and predictable source of reserves, especially in times of crisis.
Download or read book France and the Breakdown of the Bretton Woods International Monetary System written by Ms.Dominique Simard and published by International Monetary Fund. This book was released on 1994-10-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
