Download or read book Effects of Exchange Rate Volatility on Trade Balance of Uganda written by Wokadala James and published by LAP Lambert Academic Publishing. This book was released on 2011-08 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effects of exchange rate and its variability on trade flows remains an interesting outcome for Uganda for the last two decades when flexible exchange rate regime was adopted, increasing the exposure of trade flows to currency behaviour risk. In effect, the country's trade balance remains in deficit due to great variability of her trade flows. This book provides empirical investigation of possible casual effects of exchange rate volatility and other policy variables on trade balance of Uganda. Results indicate that exchange rate variability effect on Uganda's fragile economy is real as it causes instability in other macroeconomic fundamentals. Medium and long term policies to smoothen exchange rate volatility and improve trade flows have been proposed in this book. The contents of this book provide useful contributions to the empirical basis needed for proper management of monetary and trade policies as the country moves towards self reliance. Policy makers and professionals would find reading this piece as valuable and informative.
Download or read book Asymmetric and Nonlinear Effects of Exchange Rate Volatility in Uganda written by Jacob Opolot and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Exchange Rate Volatility Hinder Export Growth written by Ying Qian and published by World Bank Publications. This book was released on 1992 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inconsistency in the relationship between exchange rate volatility and export growth reflects differences among countries in the currency in which trade is invoiced. Also, exchange rate volatility may affect the allocation of trade more than its level.
Download or read book Remoteness and Real Exchange Rate Volatility written by Claudio Bravo-Ortega and published by International Monetary Fund. This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of trade costs on real exchange rate volatility. The channel is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson (1977), which shows that higher trade costs result in a larger nontradable sector. This, in turn, leads to higher real exchange rate volatility. We provide empirical evidence supporting the channel.
Download or read book Exchange Rate Volatility and Trade Flows Some New Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Download or read book Exchange Rate Policy and Inflation written by Barbara Mbire Barungi and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Features of the Uganda Economy and Some Policy Implications The impact of official exchange rate devaluation on Uganda written by and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Uganda s Equilibrium Real Exchange Rate and Its Implications for Non traditional Export Performance written by Michael Atingi and published by . This book was released on 2004 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Volatility in Uganda written by Adam Mugume and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1988-01-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central proposition regarding effects of different mechanisms of fi-nancing public expenditures is that, under specific circumstances, it makes no difference to the level of aggregate demand if the government finances its outlays by debt or taxation. This so-called Ricardian equivalence states that, for a given expenditure path, substitution of debt for taxes does not affect private sector wealth and consumption. This paper provides a model illustrating the implications of Ricardian equivalence, surveys the litera-ture, considers effects of relaxing the basic assumptions, provides a frame-work to study implications of various extensions, and critically reviews recent empirical work on Ricardian equivalence.
Download or read book The Effects of Exchange Rate Volatility on International Trade written by Jaspreet K. Dillon and published by . This book was released on 2001 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Analysing the exchange rate volatility relative to trade balance the case of SACU countries written by Christine Mazuba Haansende and published by . This book was released on 2019 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Exchange Volatility Under Inflation Targeting in Uganda written by Stephen Lukwago and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: In July 2011, Uganda reformed its monetary policy framework citing “challenges of macroeconomic management and the rapid growth and diversification of the financial system” MPC July (2011). This paper reviews the effect of foreign exchange interventions on the inflation target policy in Uganda, with the aim of including a target in the framework. By including exchange rate within the model, the volatilities in the exchange rate can be captured at an early stage and therefore are less costly in terms of the depression (below potential output) that is foregone by targeting inflation alone. In the most recent inflationary episode, the economy's output above potential reached the country's historical lowest and hence cannot be ignored. An SVAR approach reveals that exchange rates did not have significant effect on changes in both inflation and output in the first four quarters accounting for only 3.8% and 0.14% variations respectively. Therefore there is no need to change from exchange rate interventions to fixing a target exchange rate band in Uganda. Furthermore the exchange rate should be left to float in the midst of the inflation rate targeting to avoid the risk of conflicting targets. Another interesting revelation is that although the central bank highlighted the depreciating exchange rate as one of the main causes of inflation in the country, the results indicate that the causes could be other factors such as increased aggregate demand or reduction in aggregate supply.
Download or read book Effects of Exchange Rate Volatility on the Volume and Volatility of Bilateral Exports written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Preventing Currency Crises in Emerging Markets written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2002-11-15 with total page 782 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations, and public and private sector economists explore the causes of and effective policy responses to international currency crises. Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds). Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.
Download or read book Does What You Export Matter written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.
Download or read book Exchange Rate Fluctuations and Trade Flows written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 1998-08-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the particular measures representing exchange rate uncertainty. Particular attention is reserved for problems of simultaneous causality. The negative correlation between trade and bilateral volatility remains significant after controlling for the simultaneity bias. However, a Hausman test rejects the hypothesis of the absence of simultaneous causality.
