Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and PaymentsPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 178
Book Description
Next Steps in International Monetary Reform
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and PaymentsPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 178
Book Description
Next Steps in International Monetary Reform
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and PaymentsPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 26
Book Description
Next Steps in International Monetary Reform
Author: United States. Congress. Economic Joint CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 26
Book Description
Reform of the International Monetary System
Author: John B. TaylorPublisher: MIT Press
ISBN: 0262536757
Category : Business & Economics
Languages : en
Pages : 153
Book Description
An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries—largely the result of countries' concerns about the exchange rate—causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. Taylor shows that monetary polices in recent years have been deployed either defensively, as central banks counteract forces from abroad that affect the exchange rate, or offensively, as central banks attempt to move the exchange rate to gain a competitive advantage. Focusing on the years from 2005 to 2017, he develops an empirical framework to examine two monetary policy instruments: the policy interest rate (the more conventional of the two) and the size of the balance sheet. He finds that an international contagion in central bank decisions about the policy interest rate has accentuated the deviation from standard interest rate rules that have worked in the past. He finds a similar contagion in decisions about the size of the balance sheet. By considering a counterfactual policy in the estimated model, Taylor is able to estimate by how much the policy of recent years has increased exchange rate volatility. After several rounds of monetary actions and reactions aimed at exchange rates, Taylor finds, the international monetary system is left with roughly the same interest rate configuration, but much larger balance sheets to unwind.
Next Steps in International Monetary Reform : Hearing Before the Subcommittee on International Exchange and Payments... September 9, 1968
Author: United States Joint Economic CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Next Steps in International Monetary Reform - Report, 90Th Congress, 2Nd Session, 1968
Author: United States. Congress. Joint Economic CommitteePublisher:
ISBN:
Category :
Languages : en
Pages : 35
Book Description
Next Steps in International Monetary Reform
Author: Alfred ReifmanPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 32
Book Description
Next Steps in International Monetary Reform
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and PaymentsPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 161
Book Description
Reviews topics to be considered at the upcoming meeting of the Board of Governors of the International Monetary Fund, including the international monetary role of gold and the need for procedures to eliminate trade payment deficits.
Author: 
Author: