Author: Nita GheiPublisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 64
Book Description
The Use of the Parallel Market Rate as a Guide to Setting the Official Exchange Rate
Author: Nita GheiPublisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 64
Book Description
Recognizing Reality—Unification of Official and Parallel Market Exchange Rates
Author: Mr.Simon T GrayPublisher: International Monetary Fund
ISBN: 1513568639
Category : Business & Economics
Languages : en
Pages : 45
Book Description
Some central banks have maintained overvalued official exchange rates, while unable to ensure that supply of foreign exchange meets legitimate demand for current account transactions at that price. A parallel exchange rate market develops, in such circumstances; and when the spread between the official and parallel rates is both substantial and sustained, price levels in the economy typically reflect the parallel market exchange rate. “Recognizing reality” by allowing economic agents to use a market clearing rate benefits economic activity without necessarily leading to more inflation. But a unified, market-clearing exchange rate will not stabilize without a supportive fiscal and monetary context. A number of country case studies are included; my thanks to Jie Ren for pulling together all the data for the country case studies, and the production of the charts.
Author: Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 14
Book Description
Exchange Rate Policy and the Parallel Market for Foreign Currency in Burundi
Author: J. D. NkurunzizaPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 66
Book Description
The Reform of Mechanisms for Foreign Exchange Allocation
Author: Eliana La FerraraPublisher: World Bank Publications
ISBN:
Category : Foreign exchange
Languages : en
Pages : 64
Book Description
The paper provides an analysis of the mechanisms for foreign exchange allocation used in trade policy reform and an assessment of their effectiveness. The case is strong for avoiding delay in moving to full currency convertibility in dismantling or modifying foreign exchange controls. Movement to a unified free market for exchange would be facilitated by changes in policies and in donor practice, so exchange can be channeled through private sellers.
A Guide to the Global Business Environment
Author: William KerrPublisher: Edward Elgar Publishing
ISBN: 1783476680
Category : Political Science
Languages : en
Pages : 340
Book Description
'I have used the materials contained in this book extensively in a major trade-related capacity, building a technical training program for trade officials and business people in six countries in Southeast Asia to great effect. The book fills an important gap in the existing literature on the subject and links international economic policy to practical hands on international business management. It underlines the importance of understanding the increasingly complex nature of international markets and offers useful options for mitigating their risk.' - Wayne Robinson, Estey Centre for Law and Economics in International Trade, Canada This MBA textbook provides a guide to the international institutions, both public and private, that exist to regulate and facilitate international business. William Kerr and Nicholas Perdikis explain how international business decision making should take into account the ideas and institutions that make up the international commercial environment, such as why trade theories are important to business; the ways in which governments can restrict trade; the role of international trade rules in reducing risk; the threats that anti-dumping and countervail actions pose; the pros and cons of operating multilaterally; the role of trading houses and the advantages of using private sector institutions to settle international business disputes.
Development, Trade, and the WTO
Author: Bernard M. HoekmanPublisher: World Bank Publications
ISBN: 9780821349977
Category : Business & Economics
Languages : en
Pages : 674
Book Description
Publisher's description: Developing countries are increasingly confronted with the need to address trade policy related issues in international agreements, most prominently the World Trade Organization (WTO). New WTO negotiations on a broad range of subjects were launched in November 2001. Determining whether and how international trade agreements can support economic development is a major challenge. Stakeholders in developing countries must be informed on the issues and understand how their interests can be pursued through international cooperation. This handbook offers guidance on the design of trade policy reform, surveys key disciplines and the functioning of the World Trade Organization (WTO), and discusses numerous issues and options that confront developing countries in using international cooperation to improve domestic policy and obtain access to export markets. Many of the issues discussed are also relevant in the context of regional integration agreements. Separate sections of the handbook summarize what constitutes sound trade policy; the major aspects of the WTO from a development perspective; policy issues in the area of merchandise trade and the liberalization of international transactions in services; protection of intellectual property rights and economic development; new regulatory subjects that are emerging in the agenda of trade talks; and enhancing participation of developing countries in the global trading system.
South Asia
Author: Dhananjay TripathiPublisher: Routledge
ISBN: 1000485501
Category : Political Science
Languages : en
Pages : 144
Book Description
Post-colonial and post-partition South Asia, one of the fastest-growing and yet one of the least integrated regions of the world, is marked by both optimism and pessimism. This intriguing dichotomy of strength and weakness, security and insecurity, hope and fear, connections and disconnects underpins South Asia’s regionalism conundrum and gives birth to borders and boundaries – both material and mental – with a complex territoriality. The Janus-faced nature of South Asian borderlands – the inward nationalizing impulses entangled with the outward regional frontier-orientations – is a stark reminder that history of mobility in this eco-geographical region is much older than the history of territoriality and colonial cartography and ethnography. This collection of meticulously researched, theoretically informed, case studies from South Asia provides useful insights into bordering, ordering and othering narratives as practices and performances that are intricately entangled with identity politics and security discourses. It shows how a sharper focus on subterranean subregionalism(s), border communities, popular geopolitics of enmity, and transborder challenges to sustainability, could open up spaces for new multiple (re)imaginings of borders at diverse scales and sights including sub-urban neighbourhoods, school textbooks/cinema and trans-border conservation initiatives. The chapters in this edited volume have been contributed by both renowned as well as young emerging scholars, looking into the borders and boundaries in South Asia. Each chapter offers new perspectives and insights into themes like trans-Himalayan borderlands, India-Pakistan physical and mental borders, Afghanistan-Pakistan border and numerous social boundaries that we see in everyday South Asia. The chapters in this book were originally published as a special issue of the Journal of Borderlands Studies.
Trade Policies for Development and Transition
Author: David G TarrPublisher: World Scientific Publishing Company
ISBN: 9813108444
Category : Commercial policy
Languages : en
Pages : 695
Book Description
The author has virtually incomparable experience in both providing trade policy advice to more than 25 countries on behalf of the World Bank and also publishing quality journal articles in most of those cases. In this volume, he focuses on his work on: (i) trade policies for countries making the transition from planned to market economies; (ii) his trade policy guideline papers for the World Bank on trade policies for poverty alleviation, uniform tariff policy, adjustment costs of trade liberalization, exchange rate overvaluation, globalization and technology transfer and rules of thumb on regional trade policies; (iii) multilateral, dynamic and environmental issues in trade policy using computable general equilibrium models; (iv) trade policy of the United States in the auto and steel industries; and (v) mathematical methods for modeling. The papers show an unusual combination of policy relevance, advice and impact, with rigor and international trade theory insights. The papers in this volume have appeared in many of the economics profession's more prestigious journals, including Econometrica, Review of Economic Studies, Quarterly Journal of Economics, Economic Journal, the Journal of International Economics, International Economic Review, European Economic Review, Canadian Journal of Economics, Economic Inquiry, the Journal of Comparative Economic, Review of International Economics, World Economy, the Southern Economic Journal, the World Bank Economic Review, the Japanese Economic Review and the Latin American Journal of Economics. In this book, the author elaborates on the articles by discussing some of the policy contexts for the requests for the work from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions and the policy impacts.
Author: