Download or read book Real Exchange Rate Overshooting in Large Depreciations Determinants and Consequences written by Mr.Alexander Culiuc and published by International Monetary Fund. This book was released on 2020-05-22 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consequences of large depreciations on economic activity depend on the relative strength of the contractionary balance sheet and expansionary expenditure switching effects. However, the two operate over different time horizons: the balance sheet effect hits almost immediately, while expenditure switching is delayed by nominal rigidities and other frictions. The paper hypothesizes that the overshooting phase—observed early in the depreciation episode and driven by the balance sheet effect—is largely irrelevant for expenditure switching, which is more closely aligned with ex-post equilibrium depreciation. Given this, larger real exchange rate overshooting should signal a relatively stronger balance sheet effect. Empirical findings support this hypothesis: (i) overshooting is driven by factors associated with the balance sheet effect (high external debt, low reserves, low trade openness), (ii) overshooting-based measures of the balance sheet effect foreshadow post-depreciation output losses, and (iii) the balance sheet effect is strongest early on, while expenditure switching strengthens over the medium term.

Download or read book Exchange Depreciation in the Adjustment Process written by Wilfred Ethier and published by . This book was released on 1974 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation written by Seymour Edwin Harris and published by Cambridge : Harvard University Press. This book was released on 1936 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation written by Lincoln Rosen and published by . This book was released on 1935 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Depreciation Problems in Public Utility Regulation written by United States. Securities and Exchange Commission. Public Utilities Division and published by . This book was released on 1942 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation written by Seymour Edwin Harris and published by . This book was released on 1936 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Currency Depreciation and Monetary Policy written by Milton Gilbert and published by Philadelphia : University of Pennsylvania ; London : H. Milford. This book was released on 1939 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation written by Seymour Edwin Harris and published by . This book was released on 1936 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dread of Depreciation Measuring Real Exchange Rate Interventions written by Jayasri Dutta and published by INTERNATIONAL MONETARY FUND. This book was released on 2002-04-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We specify an empirical framework to detect the effects of official intervention on real exchange rate dynamics. Using data for 27 advanced and emerging market economies, we find evidence that interventions are a near-universal practice; almost all countries intervene when real exchange rates depreciate; interventions reduce the degree of persistence in real exchange rates; and the defense of an overvalued currency tends to be contractionary.

Download or read book Exchange Depreciation written by Seymour Edwin Harris and published by . This book was released on 1936 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation Its Theory and Its History 1931 35 written by Seymour E.. Harris and published by . This book was released on 1936 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Rates and Trade written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2017-03-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both exchange rate pass-through and the price elasticity of trade volumes are largely stable over time. Economic slack and financial conditions affect the relationship, but there is limited evidence that participation in global value chains has significantly changed the exchange rate–trade relationship over time.

Download or read book Effect of Exchange Depreciation written by Jacques Jacobus Polak and published by . This book was released on 1950 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation Financial Policy and the Domestic Price Level written by John Marcus Fleming and published by . This book was released on 1958 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange depreciation written by Seymour Edwin Harris and published by . This book was released on 1978 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Depreciation Its Theory and Its History 1931 35 with Some Consideration of Related Domestic Policies by S E Harris written by Seymour E. Harris and published by . This book was released on 1936 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Study of the Price Effects of Exchange Depreciation written by Barend A. De Vries and published by . This book was released on 1951 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: