Download or read book Inconvertibility and the Unofficial Or Parallel Market for Foreign Currency written by Elcyon Caiado Rocha Lima and published by . This book was released on 1986 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes a model of the determination of the official and unofficial (parallel) exchange rates for a situation in which there is (potentially) a demand to hold foreign currency and in which holdings of the foreign currency cannot be freely altered by trade at the offical exchange rate (with the central bank). Instead, the existing stock of foreign currency is traded at the unoffical exchange rate and alterations in the existing stock come about only through a costly smuggling activity. The model is nonstochastic. It is a model of a small country- in the sense that foreign prices and interest rates are taken as given- that is inhabited by overlapping generations. No restrictions are imposed on international trade in goods and a special form of exchange rate flexibility is assumed. The model is particularly helpful in isolating different sources for the existence of black markets for foreign currences. It does shed some light on the welfare implications of domestic currency convertibility (when trade restrictions are not significant).
Download or read book Currency and Coercion written by Jonathan Kirshner and published by Princeton University Press. This book was released on 2020-12-08 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jonathan Kirshner here examines how states can and have used international currency relationships and arrangements as instruments of coercive power for the advancement of state security. Kirshner lays the groundwork for the study of what he calls monetary power by providing a taxonomy of the forms that such power can take and of the conditions under which it can have effect. He then establishes the actual existence of monetary power by showing how the taxonomy is supported by the historical record, including cases from nations from all over the globe and throughout the twentieth century. He uncovers how monetary power is affected by different monetary regimes, the sources of its success and failure, and the factors that lead states to turn to its use. Kirshner thus succeeds in developing a generalized framework for the analysis of an important yet neglected form of state power that is likely to be of increasing importance in the post-Cold War era. Although some distinguished scholars have touched on the issue of monetary power, there has been until now no standard text on the subject. Integrating security studies and international political economy, this book is a timely synthesis that will be important to the entire discipline of international relations.
Download or read book Estimates of Producer and Consumer Subsidy Equivalents written by Alan J. Webb and published by . This book was released on 1990 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market oriented Systemic Transformations in Eastern Europe written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Socialist economies in Eastern Europe have collapsed and em- barked upon market-oriented reforms. The causes of the demise of centrally planned economies are analyzed and the basic challenges of systemic tranformation discussed. Negative income and wealth effects as well as distribution issues make adjustment extremely difficult. The fundamental roles of privatization and foreign investment are adressed. Foreign economic liberalization is considered to be of centralimportance for a growth-oriented adjustment path in a stage of conflict-prone policy and options. Politico-economic aspects of the new European developments in addition to North-South issues are analyzed. Difficult choices await decison-makers in economic policy and the business community in Eastern Europe and in leading market economies.
Download or read book Economic Management in Sub Saharan Africa written by and published by East African Publishers. This book was released on with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Middle East and Europe written by B. A. Roberson and published by Routledge. This book was released on 2005-06-23 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading commentators on Europe and the Middle East explore many of the key issues which have informed the relationship between the two regions. Ranging from Europe's colonial legacies to an uncertain economic future in the region the book covers: * the Cold War and after * the profound influence of the US * the rise of political Islam * case studies including Europe and the Iranian revolution, France's experiences in Algeria, and Turkey's position between the two regions. The EU, it is argued, has more influence over economic strategies than security issues in the Middle East. These strategies have in turn promoted stability in the form of free trade zones, ensuring vital economic development between the Middle East and Europe.
Download or read book Parallel Currency Markets in Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-12-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
Download or read book Revista de econometria written by and published by . This book was released on 1986 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transition to the Market Economy written by P. G. Hare and published by Taylor & Francis. This book was released on 1997 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statistical Bulletin written by and published by . This book was released on 1989 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dissertation Abstracts International written by and published by . This book was released on 1987 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public International Law Cases from Malaysia and Singapore written by S. Jayakumar and published by NUS Press. This book was released on 1974 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Parallel Exchange Rates in Developing Countries written by Miguel A. Kiguel and published by Springer. This book was released on 2016-07-27 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: '...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combining elegant theory and state of the art econometrics to reach very sensible policy conclusions.' - Mohsin S. Khan, Deputy Director, Research Department, International Monetary Fund ' This book fills an important vacuum in the literature of the economic consequences of parallel markets and should prove of great value to students of economic development and to policy-makers in developing countries as they struggle to reform their exchange rate and trade incentive systems. Here they will find all that they need to know.' - Vittorio Corbo, Professor of Economics, Universidad Catolica de Chile 'A most comprehensive treatment of the relationships between parallel foreign exchange markets and macroeconomic policies, both across countries and over time. The book substantially enhances our understanding of how these systems work in practice and will be of great interest to policy-makers, researchers and graduate students of economic policy.' - Samuel M. Wangwe, Professor of Economics, University of Dar es Salaam and Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries. An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.
Download or read book Journal of Economic Literature written by and published by . This book was released on 1987 with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Parallel Currency Markets in Developing Countries written by Pierre-Richard Agénor and published by . This book was released on 1990 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Law Reports written by Hersch Lauterpacht and published by Cambridge University Press. This book was released on 1960 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: The only publication wholly devoted to the regular and systematic reporting in English of decisions of international courts and arbitrators.
Download or read book Foreign Exchange in the Postwar World written by Raymond F. Mikesell and published by . This book was released on 1954 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt:
