Download or read book International Yield Differentials Do Not Equal Risk Premiums written by George M. von Furstenberg and published by . This book was released on 2003 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: International risk premiums on low-credibility currencies are routinely measured by yield differences with otherwise comparable instruments issued in a hard currency. Such measures, while adequate for any permanent component of country-specific risk, are incorrect when applied during periods of currency and banking crisis in emerging markets. The reason is that such crises typically generate large risk-adjusted real interest-rate differentials that may be compensated by future movements in the real exchange rate. If riskless rates can differ because only asset markets can adjust immediately to the new outlook created by a crisis, the risk premium can not be equated with observed international yield spreads. Instead, an intertemporal UIP model serves to estimate both permanent and temporary components of currency risk premiums. The usefulness of the results obtained with this model is demonstrated by showing that the measure of the surge in currency risk obtained for the tequila crisis bids fair to explain financial and economic declines that actually occurred.

Download or read book International Economics Study Guide and Workbook written by Dana Stryk and published by Routledge. This book was released on 2013-12-16 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This workbook is designed for students using the textbook International Economics, 5th edition. It provides brief chapter summaries and practice problems to enhance the understanding of material presented in class. For each chapter in International Economics, 5th Edition, the study guide provides a summary, list of chapter objectives and different types of questions with worked answers at the end of the book. The questions are in four formats: multiple choice, true or false, short answer and essay answer.

Download or read book International Financial Integration written by Richard C. Marston and published by Cambridge University Press. This book was released on 1997-04-13 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency denomination remains a barrier to full financial integration, however, since both nominal and real returns on financial instruments vary widely by currency, even between currencies tied together by the European Monetary System. This study examines relative returns in the money and bond markets of these countries, investigating whether there are systematic variations in relative returns across currencies.

Download or read book A Guide to International Monetary Economics Third Edition written by Hans Visser and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third edition emphasises recent developments such as the creation and expansion of the euro and the radical solution of dollarisation. The book is a concise treatment of this complex field and does not encumber the reader with a surfeit of potentially distracting Institutional details.

Download or read book International Macroeconomics written by Robert C. Feenstra and published by Macmillan. This book was released on 2011-03 with total page 984 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining classic international economics with straight-from-the- headlines immediacy, Feenstra and Taylor’s text seamlessly integrates the subject’s established core content with topic areas and ideas that have emerged from recent empirical studies. A MODERN APPROACH FOR THE 21ST CENTURY International economics texts traditionally place greater emphasis on theory and a strong focus on the advanced countries. Feenstra/Taylor links theory to empirical evidence throughout the book, and incorporates coverage of emerging markets and developing economies (India, China, SE Asia) to reflect the evolving realities of the global economy. The new edition has been extensively revised and updated, especially in light of the ongoing world financial crisis. NOTE: Feenstra/Taylor, International Economics, Second Edition, is available in four versions: International Economics, 2e: 1-4292-3118-1 International Trade, 2e: 1-4292-4104-7 International Macroeconomics, 2e: 1-4292-4103-9 Essentials of International Economics, 2e: 1-4292-7710-5

Download or read book International Financial Management written by Geert Bekaert and published by Cambridge University Press. This book was released on 2017-11-30 with total page 1047 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new and fully updated edition of International Financial Management blends theory, data analysis, examples and practical case situations to equip students and business leaders with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Combining theory and practice, the authors offer the reader a multitude of real-world examples and case studies, emphasising fundamental concepts, principles and analytical theories to enable students to understand not only what to do when confronted with an international financial decision, but why that choice is the correct one. Features include: real data analysis - all fully updated for the third edition; extended cases illustrating practical application of theory; point-counterpoints offering insight into contentious issues; concept boxes that explore and illustrate key concepts; and end-of-chapter questions. Suitable for M.B.A and advanced undergraduate business students taking a course in international financial management or international finance.

Download or read book The Yield Curve and Financial Risk Premia written by Felix Geiger and published by Springer Science & Business Media. This book was released on 2011-08-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book’s approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.

Download or read book Bond Markets Treasury and Debt Management written by V. Conti and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until not too many years ago, the Italian government bond market, though the third largest in the world in terms of size, was characterised by numerous inefficiencies and problems regarding both policy in managing the public debt and the operation of the market. These aspects tended to isolate the Italian market from the international fmancial community and to keep large, international investors away from our market. As the situation with Italy's public finances grew worse and with financial markets being deregulated and expanding internationally, several direct measures were taken in recent years to encourage an even greater recourse to the Italian government securities market and to improve it's efficiency. Innovations in techniques for issuing government bonds, the creation of an automated trading system for Italian state securities, and the launch of a futures market in Italy, too, have all been useful measures in getting the Italian market closer to international standards. The measures adopted by economic policy authorities have often been inspired by the works developed by various study groups instituted by the treasury Ministry as well as by research coming from the academic world. Likewise, many measures aimed at improving the government bond market have been realised thanks to the important contribution of the trade associations and the main financial intermediaries operating in Italy, whose studies, suggestions and proposals have been based on operating expertise built up over decades.

Download or read book World Economic Outlook May 1997 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1997-05-15 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an outlook for the world economy for 1997. The paper highlights that the world economic growth quickened during 1996 following widespread deceleration of activity in 1995. Economic and financial conditions are generally propitious for the global expansion to continue in 1997 and the medium term at rates at least matching those seen during the past three years. The paper underscores that in many countries, structural reforms are enhancing the role of market forces and thereby strengthening the basis for sustained, robust growth.

Download or read book 2024 CFA Program Curriculum Level II Box Set written by CFA Institute and published by John Wiley & Sons. This book was released on 2023-07-25 with total page 5866 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the official resource for success on the 2024 CFA Level II exam. Get your copy of the CFA® Program Curriculum now. The 2024 CFA Program Curriculum Level II Box Set contains the content you need to perform well on the Level II CFA exam in 2024. Designed for candidates to use for exam preparation and professional reference purposes, this set includes the full official curriculum for Level II and is part of the larger CFA Candidate Body of Knowledge (CBOK). Organized to get you accustomed to the Level II exam’s heavy reliance on vignettes, the Level II curriculum will help you master mini case studies and accompanying analyses. The 2024 CFA Program Curriculum Level II Box Set allows you to: Develop critical knowledge and skills essential in the industry. Learn from financial thought leaders. Access market-relevant instruction. The set also offers practice questions to assist with your mastery of key terms, concepts, and formulas. The volumes in Level II’s box set are: Volume 1: Quantitative Methods and Economics Volume 2: Financial Statement Analysis Volume 3: Corporate Issuers and Equity Valuation Volume 4: Equity Valuation and Fixed Income Volume 5: Derivatives, Alternative Investments, and Portfolio Management Volume 6: Portfolio Management and Ethical and Professional Standards Indispensable for anyone preparing for the 2024 Level II CFA exam, the 2024 CFA Program Curriculum Level II Box Set is a must-have resource for those seeking the intermediate skills required to become a Chartered Financial Analyst®.

Download or read book Functioning of the International Monetary System written by Mr.Jacob A. Frenkel and published by International Monetary Fund. This book was released on 1996-04-24 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fiftieth anniversary of the Bretton Woods Conference served as an opportunity to reappraise the desirability of strengthening the IMF's oversight of the functioning of the international monetary system. Whatever the design of an exchange rate system and the arrangements for the provision of international liquidity, it is widely accepted that to be effective such oversight must rest on a strong analytic foundation. These two volumes, edited by Jacob A. Frenkel and Morris Goldstein, present 30 analytic papers on the system as it functioned during 1987-91 and aim at conveying the flavor of those issues that commanded close attention in the Fund's research program.

Download or read book Forecasting Financial Markets in India written by Rudra Prakash Pradhan and published by Allied Publishers. This book was released on 2009 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at the Forecasting Financial Markets in India, held at Kharagpur during 29-31 December 2008.

Download or read book International Money and Finance written by Michael Melvin and published by Academic Press. This book was released on 2012-09-20 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Its high-level perspective on the global economy differentiates this introduction to international finance from other textbooks. Melvin and Norrbin provide essential information for those who seek employment in multinational industries, while competitors focus on standard economic tools and financial management skills. Readers learn how to reach their own conclusions about trends and new developments, not simply function within an organization. The 8th edition, newly updated and expanded, offers concise descriptions, current case studies, and new pedagogical materials to help readers make sense of global finance. Introduces international finance to readers with diverse backgrounds who want jobs in international investment, international banking, and multinational corporations Describes a nuanced view of international finance by drawing on material from the fields of theoretical finance and international macro-finance Features 100% revised chapters, new pedagogical content, and online supplementary materials

Download or read book Exchange Rates and International Finance Markets written by Erich Streissler and published by Routledge. This book was released on 2002-03-14 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Streissler poses the important question of whether exchange rates are ultimately tied down by economic fundamentals. This is a wide-ranging study considering issues such as flexible exchange rates and interest parity.

Download or read book Macroeconomics Canadian Edition written by N. Gregory Mankiw and published by Macmillan. This book was released on 2010-01-22 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mankiw's masterful text covers the field as accessibly and concisely as possible, in a way that emphasizes the relevance of macroeconomics's classical roots and its current practice. Featuring the latest data, new case studies focused on recent events, and a number of significant content updates, the Fourth Edition takes the Mankiw legacy even further. It offers the clearest, most up-to-date, most accessible course in macroeconomics in the most concise presentation possible.

Download or read book IMF Staff Papers Volume 51 No 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-11-23 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP—all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact.

Download or read book JOURNAL OF INTERNATIONAL MONEY AND FINANCE written by and published by . This book was released on 1988 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: