The Scope for Exchange Rate Pass-Through in an Oligopoly PDF Download

Author: Richard Damania
Publisher:
ISBN: 9780863966361
Category : Foreign exchange
Languages : en
Pages : 26

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Author: Dominique M. Gross
Publisher: International Monetary Fund
ISBN: 1451846622
Category : Business & Economics
Languages : en
Pages : 34

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This paper explicitly takes into account the dynamic oligopolistic rivalry among source producers to evaluate the degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland, the results show that prices are strategic complements and that the degree of pass-through is lower in the long run than in the short run. We attribute this to the fact that, although some rivals match long-term price changes, others do not, inducing the producer who faces a change in exchange rate to absorb a greater proportion of the variation.

Author: A. P. Kirman
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 36

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Author: Thorsten Hens
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 48

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Author: Gary Clyde Hufbauer
Publisher: Peterson Institute
ISBN: 9780881323337
Category : Business & Economics
Languages : en
Pages : 132

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Price divergence is readily apparent to anyone who shops. Travelers from Manchester to London, or from Chicago to Paris, are hit by sticker shock. Products ranging from London Fog raincoats to Viagra are available over the Internet at half their retail store prices. Common experience tells us that prices for identical products differ between countries, between cities, even between neighboring shops. On the other hand, common experience also tells us that open markets and greater competition will force a degree of price convergence, if not identical prices. This monograph presents speculative calculations that illustrate potential benefits from price convergence between countries. The authors take a fresh look at global economic integration by examining existing price divergence, and possible price convergence, across a range of consumer goods and then calculate the potential benefits of price convergence on a country-by-country basis and for the world as a whole. This study examines the potential benefits from price convergence resulting from more competition and market integration, not perfect competition and market integration. The authors calculate these benefits assuming that the world economy can attain the same degree of competition and market integration-and hence price convergence-as exists within the United States.

Author: Jacques Bughin
Publisher:
ISBN:
Category :
Languages : en
Pages : 23

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Author: Kym Anderson
Publisher: University of Adelaide Press
ISBN: 0980623863
Category : Business & Economics
Languages : en
Pages : 260

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The Economics discipline at the University of Adelaide has a distinguished 100 year history of which the University and the State of South Australia can be proud. Very few other departments, of any discipline in Australian universities, could claim to have a majority of its lecturer appointments rising to full Professor status over a period as long as 1901 to 1995. Nor would many other university departments be able to say they have had five of their graduates win Rhodes Scholarships in the past 12 years.

Author: Andrzej Baniak
Publisher:
ISBN:
Category : Duopolies
Languages : en
Pages : 52

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Author: Ahmed H. Mohamed
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 56

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Author: Iñigo Herguera
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 62

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