Download or read book Do the Benefits of Fixed Exchange Rates Outweigh Their Costs written by Shantayanan Devarajan and published by World Bank Publications. This book was released on 1991 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fixed exchange rates have been a bad bargain for the CFA member countries. Under reasonable tradeoffs between output and inflation, these countries would have been better off having the flexibility to adjust to external shocks.
Download or read book Do the benefits of fixed exchange rates outweigh their costs the Franc zone in Africa written by Shantayana Devarajan and published by . This book was released on 1991 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Do the Benefits of Fixed Exchange Rates Outweigh Their Cost written by Shantayanan Devarajan and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Benefits and Costs of Fixed Exchange Rate Regime written by Jalal Mounir Shazbek and published by . This book was released on 2007 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Project will be on the benefits and costs of fixed exchange rate regimes. Af ter a general Introduction, Chapter 2 will include a general review of the liter ature on fixed exchange rate regimes in the world and the countries applying the se regimes. Chapter 3 will make a comparison between fixed and flexible regimes and what are the advantages and disadvantages of each. In chapter 4, I will take a specific country case study and will analyze the effects of a fixed exchange rate regime on this specific economy. Chapter 5 will conclude the project with s ome policy implications.
Download or read book Flexible Exchange Rates for a Stable World Economy written by Joseph E. Gagnon and published by Peterson Institute. This book was released on 2011 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.
Download or read book Intrahousehold Inequality and the Theory of Targeting written by Lawrence James Haddad and published by World Bank Publications. This book was released on 1991 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a start at linking the literatures on targeting and on intrahousehold inequality which have developed rapidly but largely independent of each other.
Download or read book Policy Issues in the Operation of Currency Unions written by Paul R. Masson and published by Cambridge University Press. This book was released on 1993-09-23 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview and the latest research on single currency areas in Europe, the US, and the former USSR.
Download or read book The CFA Franc Zone written by Ali Zafar and published by Springer Nature. This book was released on 2021-05-11 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an empirical analysis of economic and political structures impacting the CFA franc zone. Concise and practical chapters explore the history of the CFA franc zone, challenges to development, geopolitical issues, the importance of flexible exchanges rates, growth trends, and the impact of the Covid crisis. Policy reform is examined to detail economic approaches that could reduce poverty and increase the quality of life within the area. This book aims to present a macroeconomic and exchange rate framework to promote development and post-Covid recovery within the CFA franc zone. It will be of interest to students, researchers, and policymakers involved in African economics, the political economy, and development economics.
Download or read book Open Economies written by Ian Goldin and published by Cambridge University Press. This book was released on 1992-05-28 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the interaction between macroeconomic and agricultural sector reforms in developing and East European economies.
Download or read book The Economics of Adjustment and Growth written by Pierre-Richard Agénor and published by La Editorial, UPR. This book was released on 2004-09-30 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic and coherent framework for understanding the interactions between the micro and macro dimensions of economic adjustment policies; that is, it explores short-run macroeconomic management and structural adjustment policies aimed at promoting economic growth. It emphasizes the importance of structural microeconomic characteristics in the transmission of policy shocks and the response of the economy to adjustment policies. It has particular relevance to the economics of developing countries. The book is directed to economists interested in an overview of the economics of reform; economists in international organizations, such as the UN, the IMF, and the World Bank, dealing with development; and economists in developing countries. It is also a text for advanced undergraduate students pursuing a degree in economic policy and management and students in political science and public policy.
Download or read book Measuring Real Exchange Rate Instablity in Developing Countires written by and published by World Bank Publications. This book was released on with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Politics of Time written by Achille Mbembe and published by John Wiley & Sons. This book was released on 2022-11-30 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: As we enter the third decade of the twenty-first century, the world is undergoing a major historical shift: Africa, and the Global South more generally, is increasingly becoming a principal theatre in which the future of the planet plays itself out. But not only this: Africa is at the same time emerging as one of the great laboratories for novel forms of social, economic, political, intellectual, cultural, and artistic life. Often arising in unexpected places, these new forms of life materialize in practices that draw deeply from collective memory while simultaneously assuming distinctly contemporary, even futuristic, guises. In November 2017, the second session of the Ateliers de la pensée – Workshops of Thought – was held in Dakar, Senegal. Fifty African and diasporic intellectuals and artists participated and their debates unfolded along numerous thematic lines, approached from the standpoints of many different disciplines. This volume is the result of that encounter. Among the many topics discussed were the concurrence and entanglement of multiple temporalities, the politics of life in the Anthropocene, the project of decolonization, and the preservation and transmission of different ways of knowing. At a time when the world is haunted by the specter of its own end, the contributors to this volume ask whether one can, by taking Africa as a point of departure, seize hold of other options for the future – not only for Africa, but for the world. The Politics of Time and its companion volume, To Write the Africa World, will be indispensable works for anyone interested in Africa – its past, present, and future – and in the new forms of critical thought emerging from Africa and the Global South.
Download or read book Capital Controls Exchange Rates and Monetary Policy in the World Economy written by Sebastian Edwards and published by Cambridge University Press. This book was released on 1997-06-13 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.
Download or read book Structural Adjustment Reconsidered written by David E. Sahn and published by Cambridge University Press. This book was released on 1999-08-13 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this 1998 study the authors isolate the effect of specific policy measures associated with adjustment programs in ten African countries.
Download or read book The Political Economy Of European Monetary Unification written by Barry Eichengreen and published by Routledge. This book was released on 2018-03-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first edition of this book was published in 1994, as the future of monetary unification in Europe was very much in doubt. With Economic and Monetary Union now in place, it is appropriate to bring the scholarship on the topic up to date for the students of international political economics. To this effect, essayists Jeffry Frieden, Geoffrey Garrett, Lisa L. Martin, Benjamin J. Cohen revised four of the original chapters to reflect new conditions. Editors, Barry Eichengreen and Frieden completely rewrote the introductory essay. Three new chapters by Matthew Gabel, Charles Engel, and Paul De Grauwe et al cover public support for EMU, local currency pricing, and whether Europe is now better off? The updated volume's purpose remains that of bringing the latest in scholarship in Economics and Political Science to bear on the European monetary integration
Download or read book Contagion in Financial Markets written by Friedrich L. Sell and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to integrate the notions of contagion in epidemiology and contagion in financial market crises to discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the contagious spill-over of recent financial market crises and models the pattern of these crises. He finds that the contagion between crises in emerging markets, such as that of the crises in Russia and Brazil in 1998-1999, is explicable, despite the fact that at first sight they appear to have little in common. Finally, Friedrich Sell integrates these findings to outline a proposal for a 'new international financial architecture'.
Download or read book The Oxford Handbook of the Economy of Cameroon written by Célestin Monga and published by Oxford University Press. This book was released on 2022-10-25 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cameroon's suboptimal economic experience since independence (1960) sheds light on broader issues of Africa's development narrative, and provides valuable economic and policy knowledge. While Cameroon's large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country. The Oxford Handbook of the Economy of Cameroon examines the reasons of Cameroon's unsatisfactory economic performance and draws lessons from successful development experience to help tackle these issues. The Handbook provides a critical assessment of the history, patterns, and strategies of economic development in Cameroon, and outlines new approaches to economic enquiry for prosperity and social change. Through Cameroon's governance story, the handbook analyzes the evolving conceptions of economic policy, takes stock of intellectual progress, documents the challenges of implementation, and outlines the intellectual and policy agenda ahead. For a developing country increases in per capita income arise from advances in technology arise from closing the knowledge and technology gap with those at the frontier. And within any country (especially one like Cameroon), there is enormous scope for productivity improvement simply by closing the gap between best practices and average practices. Standards of living can therefore be improved through the implementation of pertinent learning strategies. In this Oxford Handbook of the Economy of Cameroon, an international team of leading development economists and researchers address the wide range of issues facing Cameroon and provide guiding principles on how best the country (and other developing nations) could move human, capital, and financial resources from low- to high-productivity sectors in a constantly changing global economy.
