Download or read book Uncertainty Flexible Exchange Rates and Agglomeration written by Mr.Luca Antonio Ricci and published by International Monetary Fund. This book was released on 1998-02-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that exchange rate variability promotes agglomeration of economic activity. Under flexible rates, firms located in large markets have lower variability of sales, reinforcing concentration of firms there. Empirical evidence on OECD countries demonstrates (1) that the negative effect of country size on variability of industrial production is stronger after the 1973 collapse of fixed rates and (2) for small (large) countries, exchange rates variability has a long-run negative (positive) effect on net inward FDI flows. Two implications arise: creating a currency area fosters agglomeration in the area, and a two-stage EMU may exacerbate the current uneven regional development.
Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Download or read book IMF Staff papers Volume 45 No 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1998-01-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes contagion and volatility with imperfect credit markets. The paper interprets contagion effects as an increase in the volatility of shocks impinging on the economy. The implications of this approach are analyzed in a model in which domestic banks borrow at a premium on world capital markets, and domestic producers borrow at a premium from domestic banks. Financial spreads depend on a markup that compensates lenders, in particular, for the expected cost of contract enforcement. Higher volatility increases financial spreads and the producers’ cost of capital.
Download or read book External Evaluation of IMF Economic Research Activities written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-04-11 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, commissioned by the Executive Board, was prepared by a committee of academic economists. The report assesses the appropriateness of current research activities, the quality and added value of the IMF's economic research and its utility in the IMF among its member countries and within the wider economics community. This publication also includes responses to the report by the IMF's staff, Managing Director, and Executive Board.
Download or read book Research Activities of the IMF January 1991 December 1999 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-01-01 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
Download or read book Productivity of Contemporary Economies written by Anton S. Filipenko and published by Cambridge Scholars Publishing. This book was released on 2021-08-27 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reveals the results of original research into the productivity of economies from the theoretical and empirical points of view. Urgently, the current economic situation around the world is characterized by a tendency towards a slowdown of productivity, caused by, on the one hand, the digitalization of economic processes, and, on the other, by the consequences of COVID-19. This volume will be useful for researchers and PhD students, policymakers and economists, sociologists and philosophers, who are engaged in studying the interdisciplinary problems of the productivity of economies, and searching for new ways of thinking.
Download or read book IMF Staff Papers written by and published by . This book was released on 2006 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Economic and Monetary Union on Cohesion written by and published by . This book was released on 2000 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: A survey of the current empirical literature on the potential impact of economic monetery union (EMU) on the Cohesion economies. The Cohesion economies being the economies of the countries whose gross national product is below 90% of the Community average and follow an economic convergence programme and are therefore eligible for assistance from the Cohesion Fund. At present only Spain, Greece, Ireland and Portugal qualify. The report examines adjustment costs and benefits of enhanced stability from EMU; impact of the loss of the nominal exchange rate as an instrument of economic policy; the potential long-term effects of lower transactions costs following EMU.
Download or read book Journal of Economic Integration written by and published by . This book was released on 2005 with total page 878 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Publications Catalog written by International Monetary Fund and published by . This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Policy Capital Flows and Exchange Rates written by William Allen and published by Routledge. This book was released on 2002-02-21 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maxwell Fry was known internationally for his research into international and domestic financial issues. This book constitutes a tribute to his pioneering work in so many areas, and draws together contributions from a range of academic and policy-making colleagues who were fortunate enough to experience the depth of knowledge and insights which Max
Download or read book IMF Survey written by International Monetary Fund and published by . This book was released on 1998 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Integration Fiscal Policy and Location of Economic Activities the Case of Mercosur written by Christian Volpe Martincus and published by . This book was released on 2004 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Contents of Recent Economics Journals written by and published by . This book was released on 1998-12-31 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of EMU on Growth and Employment written by Ray Barrell and published by . This book was released on 2008 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: Factors behind recent slow Euro Area growth - The impact of the euro on european economies - EMU and productivity - EMU and volatility - The effects of EMU on prices and labour markets.
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 A Model of an Optimum Currency Area written by Mr.Luca Antonio Ricci and published by International Monetary Fund. This book was released on 1997-06-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the circumstances under which it is beneficial to participate in a currency area. A two-country monetary model of trade with nominal rigidities encompasses the real and monetary arguments suggested by the optimum currency area literature: correlation of real shocks, international factor mobility, fiscal adjustment, openness, difference in national inflationary biases, correlation of monetary shocks, and benefits of a single currency. The effect of openness on the net benefits is ambiguous, contrary to the usual argument that more open economies are better candidates for a currency area. Countries do not necessarily agree on whether a given currency union should be created.
