Black Markets for Foreign Exchange, Real Exchange Rates, and Inflation

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4./5 ( download)

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Book Synopsis Black Markets for Foreign Exchange, Real Exchange Rates, and Inflation by : Brian Pinto

Download or read book Black Markets for Foreign Exchange, Real Exchange Rates, and Inflation written by Brian Pinto and published by World Bank Publications. This book was released on 1988 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation could rise permanently and substantially as a result of unifying official and black market exchange rates, even if real government spending remains constant.

Handbook of Exchange Rates

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Publisher : John Wiley & Sons
ISBN 13 : 1118445775
Total Pages : 674 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Handbook of Exchange Rates by : Jessica James

Download or read book Handbook of Exchange Rates written by Jessica James and published by John Wiley & Sons. This book was released on 2012-05-29 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: • Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. • Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models. • FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. • FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.

Macroeconomic Management and the Black Market for Foregin Exchange in Sudan

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4./5 ( download)

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Book Synopsis Macroeconomic Management and the Black Market for Foregin Exchange in Sudan by :

Download or read book Macroeconomic Management and the Black Market for Foregin Exchange in Sudan written by and published by World Bank Publications. This book was released on with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rate Overvaluation and Trade Protection

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis Exchange Rate Overvaluation and Trade Protection by : Howard J. Shatz

Download or read book Exchange Rate Overvaluation and Trade Protection written by Howard J. Shatz and published by World Bank Publications. This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Lessons from world experience about the consequences of exchange rate overvaluation (the frequent cause of trade crises), the consequences of trying to defend an overvalued exchange rate, and the most appropriate policies for resolving an overvaluation"--Cover.

Devaluation, Exchange Controls, and Black Markets for Foreign Exchange in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Devaluation, Exchange Controls, and Black Markets for Foreign Exchange in Developing Countries by : Steven Kamin

Download or read book Devaluation, Exchange Controls, and Black Markets for Foreign Exchange in Developing Countries written by Steven Kamin and published by . This book was released on 1988 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Foreign Exchange Intervention as a Monetary Policy Instrument

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Publisher : Springer Science & Business Media
ISBN 13 : 3790826723
Total Pages : 180 pages
Book Rating : 4.7/5 (98 download)

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Book Synopsis Foreign Exchange Intervention as a Monetary Policy Instrument by : Felix Hüfner

Download or read book Foreign Exchange Intervention as a Monetary Policy Instrument written by Felix Hüfner and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign exchange intervention is frequently being used by central banks in countries which have a floating exchange rate. Most theoretical monetary policy models, however, do not take this phenomenon into account. This book contributes to close this gap between theory and practice by interpreting foreign exchange intervention as an additional monetary policy instrument for inflation targeting central banks. In-depth empirical analyses of the foreign exchange operations and interest rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) demonstrate how foreign exchange intervention is used in practice.

Exchange-Rate Unification with Black Market Leakages

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Publisher : International Monetary Fund
ISBN 13 : 1451924798
Total Pages : 44 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Exchange-Rate Unification with Black Market Leakages by : Ms.Linda S. Goldberg

Download or read book Exchange-Rate Unification with Black Market Leakages written by Ms.Linda S. Goldberg and published by International Monetary Fund. This book was released on 1993-02-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1992 Russia unified the multiple exchange rates that had applied to international transactions. This paper describes the multiple exchange rate system that existed in Russia prior to mid-1992 and undertakes a theoretical exploration of the effects of the exchange rate unification that took place in July 1992. The model developed here allows for leakages between official and black markets and permits flexibility of the exchange rates in both official and parallel currency markets. Within this multiple exchange rate system with black market leakages, we trace the dynamic effects on official and parallel foreign exchange markets of changes in the types of policy instruments associated with Russia’s exchange rate regime reform. These instruments include adjustments of pegged interbank market exchange rates, rates of foreign exchange surrender taxation, and rates of taxation of capital account transactions.

Exchange-Rate Determination

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Publisher : Cambridge University Press
ISBN 13 : 9780521273015
Total Pages : 236 pages
Book Rating : 4.2/5 (73 download)

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Book Synopsis Exchange-Rate Determination by : Anne O. Krueger

Download or read book Exchange-Rate Determination written by Anne O. Krueger and published by Cambridge University Press. This book was released on 1983-03-31 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a survey of thought about exchange-rate determination as it emerged in the 1970s.

Approaches to Exchange Rate Policy

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Publisher : International Monetary Fund
ISBN 13 : 9781557753649
Total Pages : 316 pages
Book Rating : 4.7/5 (536 download)

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Book Synopsis Approaches to Exchange Rate Policy by : Mr.Richard C. Bart

Download or read book Approaches to Exchange Rate Policy written by Mr.Richard C. Bart and published by International Monetary Fund. This book was released on 1994-06-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.

Macroeconomic Management and the Black Market for Foreign Exchange in Sudan

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Macroeconomic Management and the Black Market for Foreign Exchange in Sudan by : Ibrahim Elbadawi

Download or read book Macroeconomic Management and the Black Market for Foreign Exchange in Sudan written by Ibrahim Elbadawi and published by World Bank Publications. This book was released on 1992 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: High exchange rate premiums make controlling inflation more difficult and hurt both official exports and tax revenue from foreign trade. A high premium also accelerates capital flight.

Exchange Rate Policies in Developing and Post-socialist Countries

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Publisher :
ISBN 13 :
Total Pages : 476 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Exchange Rate Policies in Developing and Post-socialist Countries by : Emil Maria Claassen

Download or read book Exchange Rate Policies in Developing and Post-socialist Countries written by Emil Maria Claassen and published by . This book was released on 1991 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Recognizing Reality—Unification of Official and Parallel Market Exchange Rates

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513568639
Total Pages : 45 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Recognizing Reality—Unification of Official and Parallel Market Exchange Rates by : Mr.Simon T Gray

Download or read book Recognizing Reality—Unification of Official and Parallel Market Exchange Rates written by Mr.Simon T Gray and published by International Monetary Fund. This book was released on 2021-02-05 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Exchange Rate Policy and Inflation

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Exchange Rate Policy and Inflation by : Barbara Mbire Barungi

Download or read book Exchange Rate Policy and Inflation written by Barbara Mbire Barungi and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rate Misalignment in Developing Countries

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Author :
Publisher : Johns Hopkins University Press
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Exchange Rate Misalignment in Developing Countries by : Sebastian Edwards

Download or read book Exchange Rate Misalignment in Developing Countries written by Sebastian Edwards and published by Johns Hopkins University Press. This book was released on 1988 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.

Parallel Exchange Rates in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Parallel Exchange Rates in Developing Countries by : Miguel Alberto Kiguel

Download or read book Parallel Exchange Rates in Developing Countries written by Miguel Alberto Kiguel and published by . This book was released on 1994 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics by : Vincent Bodart

Download or read book Multiple Exchange Rates, Fiscal Deficits and Inflation Dynamics written by Vincent Bodart and published by International Monetary Fund. This book was released on 1996-05 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the inflationary implications of exchange rate regime reforms in a small open economy model combining the public finance view of inflation with multiple exchange markets. To account for the experience of many developing countries, the analysis focuses on transitions to multiple official exchange markets. In those countries, multiple exchange rates were often announced as temporary. The paper shows that the dynamic response of inflation to the reform markedly differ whether the announcement is credible or not. The paper also compares the response of inflation under a fixed crawl of nominal official rates and under the presence of policy rules aimed at reducing the spread between the official and parallel exchange rates.

Terms of Trade, Commercial Policy, and the Black Market for Foreign Exchange

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Terms of Trade, Commercial Policy, and the Black Market for Foreign Exchange by : Ibrahim Elbadawi

Download or read book Terms of Trade, Commercial Policy, and the Black Market for Foreign Exchange written by Ibrahim Elbadawi and published by . This book was released on 1989 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: