Download or read book World Inflation International Monetary Reform and the Less Developed Countries written by Harry Gordon Johnson and published by . This book was released on 1977 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation and Monetary Reform written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1992-08-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial “excess” stock of liquidity. The paper examines the anticipatory dynamics associated with such reforms. The analysis suggests that monetary reforms of this type have a deflationary effect upon announcement as well as during the transition period. Under uncertainty about the reform date, the direction of the initial jump in prices upon announcement is a priori ambiguous. Upon implementation, a monetary reform leads to a downward jump in prices.
Download or read book Monetary Reform and World Inflation written by Robert Z. Aliber and published by Sage Publications (CA). This book was released on 1973 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Worldwide Inflation and International Monetary Reform written by Ronald McKinnon and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international dollar standard is malfunctioning. Near-zero US short-term interest rates launch massive hot money outflows into emerging markets (EM) in Asia and Latin America. Each EM central bank buys dollars to prevent its currency from appreciating but loses monetary control. Despite some appreciation, average inflation in EMs is now much higher than in the old industrial economies and world commodity prices are bid up sharply. This inflation on the dollar's periphery only registers in the US CPI with a long lag. However, the more immediate effect of the Fed's zero interest rate is to upset the process of bank intermediation within the American economy. Bank credit continues to decline while employment languishes. Therefore, constructive international monetary reform calls for the Fed to abandon its zero-interest rate policy, which is best done in cooperation with the European Central Bank, the Bank of Japan, and the Bank of England also abandoning their ultra low interest rates.
Download or read book Reform of the International Monetary System written by John B. Taylor and published by MIT Press. This book was released on 2019-04-09 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries—largely the result of countries' concerns about the exchange rate—causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. Taylor shows that monetary polices in recent years have been deployed either defensively, as central banks counteract forces from abroad that affect the exchange rate, or offensively, as central banks attempt to move the exchange rate to gain a competitive advantage. Focusing on the years from 2005 to 2017, he develops an empirical framework to examine two monetary policy instruments: the policy interest rate (the more conventional of the two) and the size of the balance sheet. He finds that an international contagion in central bank decisions about the policy interest rate has accentuated the deviation from standard interest rate rules that have worked in the past. He finds a similar contagion in decisions about the size of the balance sheet. By considering a counterfactual policy in the estimated model, Taylor is able to estimate by how much the policy of recent years has increased exchange rate volatility. After several rounds of monetary actions and reactions aimed at exchange rates, Taylor finds, the international monetary system is left with roughly the same interest rate configuration, but much larger balance sheets to unwind.
Download or read book Guidelines for International Monetary Reform written by United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments and published by . This book was released on 1965 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Next Steps in International Monetary Reform written by United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments and published by . This book was released on 1968 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Guidelines for International Monetary Reform written by United States. Congress. Joint Economic Committee and published by . This book was released on 1965 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Policy and International Monetary Reform written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on International Trade, Investment and Monetary Policy and published by . This book was released on 1975 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Monetary Reform written by United States. Congress. House. Committee on Banking and Currency. Subcommittee on International Finance and published by . This book was released on 1973 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Policy and International Monetary Reform written by United States. Congress. House. Banking, Currency and Housing Committee and published by . This book was released on 1975 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Monetary Reform written by United States. Congress. House. Committee on Banking and Currency. Subcommittee on International Finance and published by . This book was released on 1974 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Politics of International Monetary Reform written by Michael J. Brenner and published by . This book was released on 1976 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.
Download or read book Sequencing Financial Sector Reforms written by International Monetary Fund and published by International Monetary Fund. This book was released on 1991-03-15 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Download or read book U S Balance of payments Policies and International Monetary Reform written by Gottfried Haberler and published by . This book was released on 1968 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S International Monetary Policy written by John S. Odell and published by Princeton University Press. This book was released on 2014-07-14 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a new framework for explaining and anticipating foreign economic policy changes, at the same time providing a fascinating account of three American policy shifts that transformed the postwar international monetary system. Originally published in 1982. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
