Exchange Rates Under the East Asian Dollar Standard 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 Exchange Rates Under the East Asian Dollar Standard PDF full book. Access full book title Exchange Rates Under the East Asian Dollar Standard by Ronald I. McKinnon. Download full books in PDF and EPUB format.
Author: Philippe De Lombaerde Publisher: Routledge ISBN: 135114586X Category : Business & Economics Languages : en Pages : 391
Book Description
This book analyzes the monetary and exchange rate policies in Eastern European countries not covered by the current EU enlargement process. Specifically the book examines the major CIS countries: Belarus, Kazakhstan, Russia and the Ukraine. (The new Eastern European EU members are also frequently referenced for comparison purposes.) Current and prospective monetary policy options are considered and the applicability of the EU monetary integration experience for the CIS countries and the prospects of a monetary re-unification around the Russian Federation are assessed. This is the first book to formally deal with many of these questions.
Author: Takatoshi Itō Publisher: ISBN: Category : Monetary policy Languages : en Pages : 44
Book Description
"This paper analyzes and estimates the reaction function of the Japanese monetary authorities in deciding when to intervene in the foreign exchange (forex) markets, using daily Japanese intervention data from April 1, 1991 to December 31, 2002. This paper is the first in estimating the reaction function of the monetary authorities in the forex market intervention with following new methods. First, a theoretical friction model is presented to describe the intervention as cost-minimizing behavior. Second, the ordered probit analysis, which is consistent with the theoretical model, was carried out to predict authorities' reaction function. The regime change from frequent, small-size intervention before June 1995 and infrequent, large-size intervention after June 1995 is established and estimations are conducted for two different regimes separately. Third, a noise-to-signal ratio is applied in selecting the optimal cutoff point in estimated ordered probit function to use the model for predicting interventions. Major findings are as follows: (1) There was a regime change in June 1995 from small-scale frequent interventions to large-scale infrequent interventions; (2) the first half of the sample period had lower friction costs than the second half of the sample period; (3) Judging from the model and data, the optimum cutoff was higher in the first half than the second half"--NBER website
Author: Alexandra Dias Publisher: Routledge ISBN: 1317976916 Category : Business & Economics Languages : en Pages : 206
Book Description
Portfolio theory and much of asset pricing, as well as many empirical applications, depend on the use of multivariate probability distributions to describe asset returns. Traditionally, this has meant the multivariate normal (or Gaussian) distribution. More recently, theoretical and empirical work in financial economics has employed the multivariate Student (and other) distributions which are members of the elliptically symmetric class. There is also a growing body of work which is based on skew-elliptical distributions. These probability models all exhibit the property that the marginal distributions differ only by location and scale parameters or are restrictive in other respects. Very often, such models are not supported by the empirical evidence that the marginal distributions of asset returns can differ markedly. Copula theory is a branch of statistics which provides powerful methods to overcome these shortcomings. This book provides a synthesis of the latest research in the area of copulae as applied to finance and related subjects such as insurance. Multivariate non-Gaussian dependence is a fact of life for many problems in financial econometrics. This book describes the state of the art in tools required to deal with these observed features of financial data. This book was originally published as a special issue of the European Journal of Finance.
Author: De-Shuang Huang Publisher: Springer Science & Business Media ISBN: 364225943X Category : Computers Languages : en Pages : 751
Book Description
This book constitutes the thoroughly refereed post-conference proceedings of the 7th International Conference on Intelligent Computing, ICIC 2011, held in Zhengzhou, China, in August 2011. The 94 revised full papers presented were carefully reviewed and selected from 832 submissions. The papers are organized in topical sections on intelligent computing in scheduling; local feature descriptors for image processing and recognition; combinatorial and numerical optimization; machine learning theory and methods; intelligent control and automation; knowledge representation/reasoning and expert systems; intelligent computing in pattern recognition; intelligent computing in image processing; intelligent computing in computer vision; biometrics with applications to individual security/forensic sciences; modeling, theory, and applications of positive systems; sparse manifold learning methods and applications; advances in intelligent information processing.
Author: Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico Publisher: ISBN: 9789291319626 Category : Banks and banking, Central Languages : es Pages : 0
Author: Ronald I. McKinnon
Author: Ronald I. McKinnon
Author: Philippe De Lombaerde
Author: 
Author: 
Author: Takatoshi Itō
Author: Jianjun Wei
Author: Alexandra Dias
Author: 大阪大学. 経済学部
Author: De-Shuang Huang
Author: Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico