Author: David BigmanPublisher: Cambridge, Mass. : Ballinger
ISBN:
Category : Business & Economics
Languages : en
Pages : 460
Book Description
The Functioning of Floating Exchange Rates
Author: David BigmanPublisher: Cambridge, Mass. : Ballinger
ISBN:
Category : Business & Economics
Languages : en
Pages : 460
Book Description
How Well are Fluctuating Exchange Rates Working?
Author: United States. Congress. Joint Economic Committee. Subcommittee on International EconomicsPublisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 16
Book Description
From Fixed to Float
Author: Mrs.Gilda FernandezPublisher: International Monetary Fund
ISBN: 1451854935
Category : Business & Economics
Languages : en
Pages : 40
Book Description
This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization.
Floating Exchange Rates and the State of World Trade and Payments
Author: David BigmanPublisher: Beard Books
ISBN: 9781587981296
Category : Business & Economics
Languages : en
Pages : 356
Book Description
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Floating Exchange Rates
Author: Ronald MacDonaldPublisher: Allen & Unwin Australia
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
Book Description
Floating Exchange Rates in Developing Countries
Author: Peter J. QuirkPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 58
Book Description
In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.
Exchange Rate Economics
Author: Ronald MacDonaldPublisher: Taylor & Francis
ISBN: 1134801262
Category : Business & Economics
Languages : en
Pages : 465
Book Description
First published in 2007. Exchange Rate Economics: Theories and Evidence is the second edition of Floating Exchange Rates: Theories and Evidence, and builds on the successful content and structure of the previous edition, but has been comprehensively updated and expanded to include additional literature on the determination of both fixed and floating exchange rates. Core topics covered include: • the purchasing power parity hypothesis and the PPP puzzle; • the monetary and portfolio-balance approaches to exchange rates; • the new open economy macroeconomics approach to exchange rates; and • the determination of exchange rates in target zone models and speculative attack models. Exchange Rate Economics: Theories and Evidence also includes extensive discussion of recent econometric work on exchange rates with a particular focus on equilibrium exchange rates and measuring exchange rate misalignment, as well as discussion on the non-fundamentals-based approaches to exchange rate behaviour, such as the market microstructure approach. The book will appeal to academics and postgraduate students with an interest in all aspects of international finance and will also be of interest to practitioners concerned with issues relating to equilibrium exchange rates and the forecastability of currencies in terms of macroeconomic fundamentals.
Exchange Rate Targets and Currency Bands
Author: Paul KrugmanPublisher: Cambridge University Press
ISBN: 9780521435260
Category : Business & Economics
Languages : en
Pages : 274
Book Description
This volume examines the intersection between a new analytical approach and a real economic problem.
No Pain, All Gain? Exchange Rate Flexibility and the Expenditure-Switching Effect
Author: Mr.Yan Carriere-SwallowPublisher: International Monetary Fund
ISBN: 1484379373
Category : Business & Economics
Languages : en
Pages : 30
Book Description
Theoretical models on the relationship between prices and exchange rates predict that the magnitude of expenditure switching affects the optimal choice of exchange rate regime. Focusing on the transmission of terms-of-trade shocks to domestic real variables we document that the magnitude of the expenditure switching effect is positively associated to the degree of exchange rate flexibility. Moreover, results show that flexible exchange rates allow for significant adjustment in relative prices, which in turn lowers the burden of adjustment on demand for domestic goods and, in some cases, facilitates a faster and more durable external adjustment process. These results, which are robust to accounting for possible non-linearities due to balance sheet effects or currency mismatches, shed new light on the shock absorbing properties of flexible exchange rates.
Floating Exchange Rates and the Need for Surveillance
Author: Jacques R. ArtusPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
Book Description