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Author: Alberto Behar Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The role of the income balance in mitigating external vulnerabilities remains underexplored. We estimate income balance semi-elasticities with respect to the exchange rate. Semi-elasticities are small for most countries. Therefore, the income balance is generally not a significant channel through which the exchange rate stabilizes the current account and most exchange rate misalignment estimates can focus on trade, but there is a significant minority of exceptions.
Author: Alberto Behar Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The role of the income balance in mitigating external vulnerabilities remains underexplored. We estimate income balance semi-elasticities with respect to the exchange rate. Semi-elasticities are small for most countries. Therefore, the income balance is generally not a significant channel through which the exchange rate stabilizes the current account and most exchange rate misalignment estimates can focus on trade, but there is a significant minority of exceptions.
Author: Mariana Colacelli Publisher: International Monetary Fund ISBN: 1513568272 Category : Business & Economics Languages : en Pages : 40
Book Description
The composition of Japan’s current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan’s income balance with peer countries highlights: (i) relatively high yields on FDI assets, and (ii) very low FDI liabilities in Japan. Panel estimation is used to derive separate exchange rate elasticities for income credit and debit, with novel accounting that disentangles the mechanical from the economic response to exchange rate fluctuations. Despite the changing composition of Japan’s current account balance, its response to exchange rate movements still operates mostly through the traditional trade channel, with a small but reinforcing contribution from the income balance.
Author: Mehmet Ugur Publisher: Psychology Press ISBN: 9780415253314 Category : Business & Economics Languages : en Pages : 568
Book Description
This book draws together the seminal contributions to the literature on the nature of macroeconomics in open economies and illuminates the material. This is an essential guide to the subject for students.
Author: John F. Bilson Publisher: University of Chicago Press ISBN: 0226050998 Category : Business & Economics Languages : en Pages : 542
Book Description
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Author: Christos Papazoglou Publisher: Springer ISBN: 0230554539 Category : Business & Economics Languages : en Pages : 210
Book Description
This book, based upon a large-scale research project, examines alternative types of exchange rate policies being pursued and the changing nature of exchange rate policy during the transition process in four countries, Slovenia, Bulgaria, Poland and the Czech Republic. The book brings together a series of original contributions by country experts and draws out some common themes and over-arching policy implications for the operation of exchange rate policy in the transition process.
Author: Mr.Steven Phillips Publisher: International Monetary Fund ISBN: 1484346785 Category : Business & Economics Languages : en Pages : 68
Book Description
The External Balance Assessment (EBA) methodology has been developed by the IMF’s Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing between the positive empirical analysis and the normative assessment of current accounts and exchange rates, and highlights the roles of policies and policy distortions. This paper provides a comprehensive description and discussion of the 2013 version (“2.0”) of the EBA methodology, including areas for its further development.
Author: HL Ahuja Publisher: S. Chand Publishing ISBN: 9385401351 Category : Business & Economics Languages : en Pages :
Book Description
Macroeconomics - Theory and Policy provides a comprehensive coverage of all the important theories and policies of macroeconomics. The book is an exhaustive text for understanding all the relevant concepts and current developments in the subject. It traces the relevance of Keynesian theories to the developing economies and has critically examined the post-Keynesian developments.
Author: Peijie Wang Publisher: Springer Science & Business Media ISBN: 3642001009 Category : Business & Economics Languages : en Pages : 432
Book Description
The book is designed to integrate the theory of foreign exchange rate determi- tion and the practice of global finance in a single volume, which demonstrates how theory guides practice, and practice motivates theory, in this important area of scholarly work and commercial operation in an era when the global market has become increasingly integrated. The book presents all major subjects in international monetary theory, foreign exchange markets, international financial management and investment analysis. The book is relevant to real world problems in the sense that it provides guidance on how to solve policy issues as well as practical management tasks. This in turn helps the reader to gain an understanding of the theory and refines the framework. This new edition of the book incorporates two new chapters, together with - dating most chapters in the first edition, integrating new materials, data, and/or the recent developments in the areas. A new chapter on the portfolio balance approach to exchange rate determination is included, in addition to the major models - cluded in the first edition: the Mundell-Fleming model, the flexible price monetary model, the sticky price monetary model featured by the Dornbusch model and the real interest rate differential model. This makes the book inclusive in exchange rate theories. A second new chapter included is on issues in balance of payments or international transactions and their interactions with exchange rates, changes in exchange rates and exchange rate policies.
Author: Rebecca Driver Publisher: Routledge ISBN: 1134261977 Category : Business & Economics Languages : en Pages : 456
Book Description
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.
Author: Alberto Behar
Author: Alberto Behar
Author: Mariana Colacelli
Author: Mehmet Ugur
Author: John F. Bilson
Author: Christos Papazoglou
Author: Mr.Steven Phillips
Author: 
Author: HL Ahuja
Author: Peijie Wang
Author: Rebecca Driver