Download or read book Policy Decentralization and Exchange Rate Management in Interdependent Economies written by Willem H. Buiter and published by . This book was released on 1980 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Rate Management in Interdependent Economies written by Silke Fabian and published by . This book was released on 1993-11-29 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theoretical part of this book analyzes non-cooperative and cooperative policies of exchange rate management within a formal two-country game-theoretic framework where interventions are fully neutralized and signal future changes in monetary policy. This analysis incorporates two novel factors crucial for understanding real-world intervention experience; partial credibility and non-rational expectations. In contrast to traditional models of the repeated games literature where reputational effects establish full credibility, in the theory presented here centralbank credibility problems (towards the private sector and other countries) cannot be eliminated. While this reduces the effectiveness of central bank signals, this also motivates the use of costly interventions as opposed to mere policy announcements. Secondly, the introduction of non-rational expectations allows to account for the differing successes of actual centralbank intervention operations. The empirical part investigates whether Bundesbank interventions in the US dollar market between 1983-87actually served as signals of future changes in the monetary base. By using several alternative models of expectation formation the study cannot uncoverany favorable evidence for this hypothesis. Strikingly, this result emerges for both unilateral and coordinated intervention policies.

Download or read book Exchange Rate Management Under Uncertainty written by Jagdeep S. Bhandari and published by MIT Press. This book was released on 1987 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: These twelve essays take up economic management under flexible exchange rates in the presence of uncertainty. Nearly all of the contributions adopt a rational expectations framework, focusing on the stochastic aspects of the assumption and exploring the variability of, for example, output and prices in relation to the variability of various external disturbances.Jagdeep Bhandari is Associate Professor of International Economics at West Virginia University.

Download or read book Exchange Rate Management Theory and Evidence written by Keith Pilbeam and published by Springer. This book was released on 1991-06-18 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction between sterilized and non-sterilized intervention.

Download or read book Handbook of International Economics written by R.W. Jones and published by Elsevier. This book was released on 1984 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Download or read book International Policy Coordination and Exchange Rate Fluctuations written by William H. Branson and published by University of Chicago Press. This book was released on 2007-12-01 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.

Download or read book Exchange Rates and Policy Coordination written by Peter B. Kenen and published by Manchester University Press. This book was released on 1989 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Rate Theory and Practice written by John F. Bilson and published by University of Chicago Press. This book was released on 2007-12-01 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.

Download or read book Proceedings of the EPA International Symposium on Economic Interdependence Under Flexible Exchange Rates and the EPA World Economic Model of February 1984 written by and published by . This book was released on 1984 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macroeconomic Analysis written by David Currie and published by Routledge. This book was released on 2015-09-16 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together the proceedings of the 1979 and 1980 annual conferences of the Association of University Teachers of Economics the papers in this volume discuss: the effect of social security on private saving; an analysis of aggregate consumer behaviour; the philosophy and objectives of econometrics and other topics in macroeconomic and econometric analysis.

Download or read book Journal of International Money and Finance written by and published by . This book was released on 1985 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earlier place of publication varies.

Download or read book International Money and Credit written by Mr.George M. Von Furstenberg and published by International Monetary Fund. This book was released on 1984-09-15 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by George M. von Furstenberg, this volume presents the rethinking of the functions and purposes served by international monetary arrangements at leading universities, banks, and official institutions.

Download or read book Exchange Rate Policy for MERCOSUR written by Silvia Marengo and published by Grove/Atlantic. This book was released on 1998 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The question as to the choice of the optimal exchange rate system to be adopted among MERCOSUR countries becomes critical if MERCOSUR states attempt to go further along the path of increasing their trade flows of goods and services. The study contributes to filling this gap by providing some alternative answers to this issue. The analysis has been based on three pillars: a theoretical review of exchange rate systems: a review of the European experience; and an analysis of the Latin American experience.

Download or read book Journal of International Economics written by and published by . This book was released on 1990 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Macroeconomics written by Willem H. Buiter and published by Oxford University Press, USA. This book was released on 1990 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together 12 essays on macroeconomic policy in the open economy. The subject matter is divided equally between analyses of the internal and external adjustment problems of small open economies and studies of the behaviour of large interdependent countries.

Download or read book Strategic Approaches to the International Economy written by Kōichi Hamada and published by . This book was released on 1996 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays published over the past 30 years on the applications of game theory to international economics, capital movements, migration, income distribution, portfolio choice, law and economics, and the Japanese economy. Includes an autobiographical essay describing the economics professor's education, early influences, and development of his interests in income distribution, law and economics, and international economics. Annotation copyright by Book News, Inc., Portland, OR

Download or read book Economic Interdependence and Cooperation in Europe written by Nicholas C. Baltas and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic integration is the most noteworthy development in international economic policy at the end of this century. Enthusiasm for the European Union has been infectuous. Yet, there are many aspects for the EU that still remain obscure and which warrant further careful scrutiny. The subject of this book is the examination of the inherent economic and political inefficiencies in the transition process of Central and East European countries which are apt to slow down its pace, divert it from its proper course and, in some cases, even endanger its sustainability. The authors of the contributions in this book, economists and political scientists, investigate the applicability of the hyperthesis of mutual benefits resulting from countries in transition becoming open to international trade and investment.