Economic Integration and the Exchange Rate Regime PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Economic Integration and the Exchange Rate Regime PDF full book. Access full book title Economic Integration and the Exchange Rate Regime by Mr.Vivek B. Arora. Download full books in PDF and EPUB format.
Author: Mr.Vivek B. Arora Publisher: International Monetary Fund ISBN: 1451974949 Category : Business & Economics Languages : en Pages : 21
Book Description
The Canadian experience with a floating exchange rate regime can shed some light on the question of whether A question of current interest in many parts of the world is whether with growing economic integration among groups of countries makes a fixed exchange rate, or even a common currency, becomes more desirable. This paper looks at the lessons that one may draw from tThe Canadian experience, with a floating exchange rate regime, especially since the inception of the 1989 U.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between Canada and the United States from increasing substantially, during the 1990s, and has played a useful role in buffering the Canadian economy against asymmetric external shocks. A fixed exchange rate thus does not seem to be a prerequisite for economic integration. It may, however, yield substantial have benefits for some countries that lack monetary credibility or that may be tempted by self-destructive beggar-thy-neighbor policies.
Author: Mr.Vivek B. Arora Publisher: International Monetary Fund ISBN: 1451974949 Category : Business & Economics Languages : en Pages : 21
Book Description
The Canadian experience with a floating exchange rate regime can shed some light on the question of whether A question of current interest in many parts of the world is whether with growing economic integration among groups of countries makes a fixed exchange rate, or even a common currency, becomes more desirable. This paper looks at the lessons that one may draw from tThe Canadian experience, with a floating exchange rate regime, especially since the inception of the 1989 U.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between Canada and the United States from increasing substantially, during the 1990s, and has played a useful role in buffering the Canadian economy against asymmetric external shocks. A fixed exchange rate thus does not seem to be a prerequisite for economic integration. It may, however, yield substantial have benefits for some countries that lack monetary credibility or that may be tempted by self-destructive beggar-thy-neighbor policies.
Author: Carsten Hefeker Publisher: Routledge ISBN: 0429968299 Category : Political Science Languages : en Pages : 176
Book Description
The currency question, Disreali is reported to have said, has made even more persons mad than love. A quantitative test of the accuracy of this comparison is, in the present deplorable state of medical statistics, scarcely possible, But Disraeli may well have been right.
Author: Polly Reynolds Allen Publisher: Cambridge University Press ISBN: 9780521274067 Category : Business & Economics Languages : en Pages : 340
Book Description
This paperback edition consists of the first three parts of Allen and Kenen's major book, Asset Markets, Exchange Rates, and Economic Integration. These three parts stand alone, as the authors intended and as reviewers have commented. In parts four and five of that volume they extend their model to two countries trading with the outside world and analyze questions of economic integration. The authors synthesize and extend recent developments in international monetary theory using a general model of an open economy that trades goods and assets with the outside world. The model embodies the asset market or portfolio approach to analyzing balance-of-payments adjustment. Exchange rates are determined in the short run by conditions in the asset markets and in the long run by conditions in the goods markets. The goods markets include an export good, and import good, and a nontradeable good. Allen and Kenen show that different assumptions about the substitutability between goods or between assets can generate several popular models as special cases of their own.
Author: International Monetary Fund Washington D C Publisher: ISBN: 9781557758927 Category : Business & Economics Languages : en Pages : 61
Book Description
This paper builds upon previous International Monetary Fund (IMF) studies on various aspects of the exchange rate arrangements of IMF member countries consistent with the IMF's role of surveillance of members' exchange rate policies and over the international monetary system.The paper examines the consequences of increased capital mobility and of the integration of developing economies in globalised goods and financial markets for the exchange rate regimes both of the world's major currencies and of developing and transition countries.
Author: Gerhard Rübel Publisher: Duncker & Humblot ISBN: 9783428498680 Category : Business & Economics Languages : en Pages : 240
Book Description
Fragen zu internationalen Wirtschaftsbeziehungen gewinnen angesichts der zunehmenden Globalisierung auch in der Wissenschaft eine immer stärkere Bedeutung. Demgegenüber scheinen Beiträge zu außenwirtschaftlichen Themen bei wirtschaftswissenschaftlichen Fachtagungen in den letzten Jahren eher an Bedeutung verloren zu haben. Angesichts dieses Widerspruches wurde im April 1999 der 1. Passauer Workshop "Internationale Wirtschaftsbeziehungen" an der Wirtschaftswissenschaftlichen Fakultät der Universität Passau ins Leben gerufen."Real and Monetary Issues of International Economic Integration" enthält zehn ausgesuchte Beiträge dieses Workshops, die sich in Teil I mit Außenhandel und Faktorbewegungen und in Teil II mit Fragestellungen internationaler Finanzen und der Makroökonomie offener Volkswirtschaften beschäftigen. Ein eigener Teil III ist dabei den Beiträgen zur Europäischen Währungsunion gewidmet, denen aufgrund der Aktualität dieses Themas eine besondere Stellung zukommt.Aufgrund der überaus positiven Resonanz und der hohen Qualität der Beiträge soll der Passauer Workshop "Internationale Wirtschaftsbeziehungen" fortgesetzt werden. Weitere Informationen zum Workshop und zu den Autoren finden Sie im Internet unter: http://www.wiwi.uni-passau.de/lehrstuehle/ruebel/pwiw/home.htm
Author: See Notes Publisher: The Minerva Group, Inc. ISBN: 0894991213 Category : Business & Economics Languages : en Pages : 384
Book Description
The increasingly integrated global economy presents both opportunities and challenges to national and international policymakers. Global economic integration is widely thought to improve the allocation of resources, promote technological transfer, and enhance living standards. But, at the same time, economic integration has frequently been associated with growing trade imbalances, increased financial market volatility, and less effective domestic macroeconomic policies.To identify domestic and international policies that will help nations around the world achieve the greatest net benefits from global integration, the Federal Reserve Bank of Kansas City sponsored a symposium, titled "Global Economic Integration: Opportunities and Challenges," at Jackson Hole, Wyoming, on August 24-26, 2000. The symposium brought together a distinguished group of central bankers, academics, and financial market representatives to discuss these issues.
Author: Franz P. Lang Publisher: Springer Science & Business Media ISBN: 3642484212 Category : Business & Economics Languages : en Pages : 269
Book Description
International economic integration is a topic upon which both academics and policy-makers are focusing a great deal of attention. This has perhaps been most marked in western Europe, given the establishing of the inter nal market and the prospects for an economic and monetary union. In parallel with the movement toward widening and deeping of western European economic integration, we find an increased integration of eastern Europe to world trade and finance as well as regional integration in North America and in East Asia. The book on hand provides a collection of recent research by leading scholars and practicians in this field. It is divided into three parts. The first part deals with some theoretical aspects of international integration, the second and the third part attend to implications of concrete forms of international integration inside and outside Europe. Part I starts with a neoclassical analysis of the impacts of factor-market integration by Franz Peter Lang. He investigates the effects on production level, production structure, demand level and structure of external trade of a "small integration area". Lang shows that the specific welfare effects of factor-market integration can only be realized if and only if external trade (between the integration area and the rest of the world) is increased too.
Author: Mr.Vivek B. Arora
Author: Mr.Vivek B. Arora
Author: Axel A. Weber
Author: Carsten Hefeker
Author: Ronald I. McKinnon
Author: Gabriel Srour
Author: Polly Reynolds Allen
Author: International Monetary Fund Washington D C
Author: Gerhard Rübel
Author: See Notes
Author: Franz P. Lang