Author: Jedrzej Krakowski
Publisher:
ISBN: 9780868574899
Category : Central planning
Languages : en
Pages : 15

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Book Description

Author: Mr.Joshua E. Greene
Publisher: International Monetary Fund
ISBN: 9781557752147
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.

Author: Matthew Bishop
Publisher: Bloomberg Press
ISBN: 9781861975805
Category : Business & Economics
Languages : en
Pages : 282

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Book Description

Author: Eswar Prasad
Publisher: Oxford University Press
ISBN: 0190631058
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
China's currency, the renminbi, has taken the world by storm. This book documents the renminbi's impressive rise to global prominence in a short period but also shows how much further it has to go before becoming a major international currency. The hype about its inevitable ascendance to global dominance is overblown.

Author: T. Wolf
Publisher: Taylor & Francis
ISBN: 1136471987
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
Analyses the main institutional and policy determinants of the foreign trade behaviour of a centrally planned economy and studies factors that affect the level and pattern of foreign trade.

Author: Ziba Farhadian
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 15

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Book Description

Author: George Garvy
Publisher: New York : Published for the National Bureau of Economic Research by Ballinger Publishing Company, Cambridge, Mass.
ISBN:
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
Economic research monograph on banking and monetary policy in the USSR - covers foreign exchange, trade and the balance of payments, price stabilization policies, the nature of capital flows, foreign investments, financial planning, the credit system, etc. Bibliography pp. 204 to 218, diagram and references.

Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 180

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Book Description

Author: Romain Lafarguette
Publisher: International Monetary Fund
ISBN: 1513569406
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.

Author: Libor Žídek
Publisher: Routledge
ISBN: 0429874650
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
Offering a retrospective view of how the system operated in Communist Czechoslovakia, this book is an important voice in the discussion about the systems of central planning. The unique features of the book include in-depth research comprising both archival records and analyses of around 75 interviews conducted with period managers across a wide range of management levels. They provided evidence of pervasive inefficiency resulting in appalling economic outcomes. The book begins with a background to the politico-sociological system in Czechoslovakia and proceeds to describe the Marxist-Leninist ideological foundation of the regime, which underpinned the formal setting of the Czechoslovak model. These initial chapters set the context for the subsequent analysis of the real functioning of the system. The book explores the economic outcomes that must be understood as a natural consequence of the ways in which this system operated. The author finishes by answering the important question of why centrally planned economies trailed behind the market economies. The book’s unique use of the interview research format brings a vivid, close-up view of the everyday economic life in the centrally planned system. This will be a valuable contribution to the discussion surrounding the day-to-day reality of the system, which was found to be more colourful than is generally deemed. The book will appeal to both economic historians and students of economic history. A warning against repeating past mistakes, this book will also be of interest to those seeking a greater knowledge of the realities and consequences of centrally planned economies.