Author: Harvey A. PoniachekPublisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 234
Book Description
Monetary Independence Under Flexible Exchange Rates
Author: Harvey A. PoniachekPublisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 234
Book Description
Monetary Policy Independence Under Flexible Exchange Rates
Author: Sebastian EdwardsPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 20
Book Description
I analyze whether countries with flexible exchange rates are able to pursue an independent monetary policy, as suggested by traditional theory. I use data for three Latin American countries with flexible exchange rates, inflation targeting, and capital mobility -- Chile, Colombia and Mexico -- to investigate the extent to which Federal Reserve actions are translated into local central banks' policy rates. The results indicate that there is significant "policy contagion," and that these countries tend to "import" Fed policies. The degree of monetary policy independence is lower than what traditional models suggest.
Monetary independence under flexible exchange rates
Author: Harvey A. PoniachekMoving to a Flexible Exchange Rate
Author: Mrs.Gilda FernandezPublisher: International Monetary Fund
ISBN: 1589064763
Category : Business & Economics
Languages : en
Pages : 29
Book Description
A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transition under disorderly conditions, with the sharp depreciation of their currency during a crisis. Regardless of the reason for adopting a flexible exchange rate, a successful transition depends on the effective management of a number of institutional and operational issues. The authors of this Economic Issue describe the necessary ingredients for moving to a flexible regime, as well as the optimal pace and sequencing under different conditions.
Monetary independence under flexible exchange rates
Author: A. PoniachekOn the Independence of Monetary Policies Under Flexible Exchange Rates
Author: Clas WihlborgPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 42
Book Description
A Test of Monetary Independence Under Floating Or Managed Floating Exchange Rates
Author: W. Dayle NattressPublisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 36
Book Description
The monetary autonomy of Canada with respect to the United States and the lack of autonomy of Germany with respect to the United States is in striking contrast to the usual view of center versus non-center countries under a fixed exchange rate regime.
Swiss Monetary History since the Early 19th Century
Author: Ernst BaltenspergerPublisher: Cambridge University Press
ISBN: 1108191444
Category : Business & Economics
Languages : en
Pages : 267
Book Description
This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter Kugler use Swiss monetary history to provide valuable insights into a number of issues concerning the organization and development of monetary institutions and currency that shaped the structure of financial markets and affected the economic course of a country in important ways. They investigate a number of topics, including the functioning of a world without a central bank, the role of competition and monopoly in money and banking, the functioning of monetary unions, monetary policy of small open economies under fixed and flexible exchange rates, the stability of money demand and supply under different monetary regimes, and the monetary and macroeconomic effects of Swiss Banking and Finance. Swiss Monetary History since the Early 19th Century illustrates the value of monetary history for understanding financial markets and macroeconomics today.
Monetary Policy Independence Under Floating Exchange Rates
Author: Alfred V. GuenderPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Under a floating exchange rate and integrated financial markets an optimizing central bank acting under discretion to achieve domestic objectives generates a positive co-movement between the domestic and the foreign interest rate in a small open economy. A high degree of positive co-movement between the domestic and foreign interest rate does not indicate lack of monetary policy independence but reflects the constraints under which an optimizing central bank operates in an economy with close financial ties to the rest of the world.
The Many Disappointments of Flexible Exchange Rates
Author: Robert M. DunnPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
Book Description