How Well are Fluctuating Exchange Rates Working? PDF Download

Author: United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 16

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Author: United States. Congress. Economic Joint Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 20

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Author: United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 10

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Book Description

Author: Subcommittee on International Economics
Publisher:
ISBN:
Category :
Languages : en
Pages : 10

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Book Description

Author: United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 10

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Book Description

Author: UNITED STATES JOINT ECONOMIC. COMMITTEE
Publisher:
ISBN: 9781033753897
Category :
Languages : en
Pages : 0

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Author: Jessica James
Publisher: John Wiley & Sons
ISBN: 1118445775
Category : Business & Economics
Languages : en
Pages : 674

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Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: • Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. • Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models. • FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. • FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.

Author: Camila Casas
Publisher: International Monetary Fund
ISBN: 1484330609
Category : Business & Economics
Languages : en
Pages : 62

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Book Description
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.

Author: Milton Friedman
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 6

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Author: United States Joint Economic Committee
Publisher: Forgotten Books
ISBN: 9780266615729
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
Excerpt from How Well Are Fluctuating Exchange Rates Working?: Hearings Before the Subcommittee on International Economics of the Joint Economic Committee, Congress of the United State, Ninety-Third Congress, First Session, June 20, 21, 26 and 27, 1973 Ill__ Meltzer, Allan H. Professor of economics and social science, Graduate School of Industrial Administration, carnegie-mellon University. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.