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Author : Valentijn van Nieuwenhuijzen
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.3/5 ( download)
Download or read book Collapsing Controlled Exchange Rates written by Valentijn van Nieuwenhuijzen and published by . This book was released on 1999 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Patrick N. Osakwe
Publisher :
ISBN 13 : 9780662278597
Total Pages : 32 pages
Book Rating : 4.2/5 (785 download)
Download or read book Real Effects of Collapsing Exchange Rate Regimes written by Patrick N. Osakwe and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Robert P. Flood
Publisher : International Monetary Fund
ISBN 13 : 1451855168
Total Pages : 52 pages
Book Rating : 4.4/5 (518 download)
Download or read book Perspectiveson the Recent Currency Crisis Literature written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 1998-09-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s, currency crises in Europe, Mexico, and Asia have drawn worldwide attention to speculative attacks on government-controlled exchange rates and have prompted researchers to undertake new theoretical and empirical analysis of these events. This paper provides some perspective on this work and relates it to earlier research. It derives the optimal commitment to a fixed exchange rate and proposes a common framework for analyzing currency crises. This framework stresses the important role of speculators and recognizes that the government’s commitment to a fixed exchange rate is constrained by other policy goals. The final section finds that some crises may be particularly difficult to predict using currently popular methods.
Author : George S. Tavlas
Publisher : Springer Science & Business Media
ISBN 13 : 1461562899
Total Pages : 247 pages
Book Rating : 4.4/5 (615 download)
Download or read book The Collapse of Exchange Rate Regimes written by George S. Tavlas and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: ical) and to self-fulfilling currency crisis, respectively. Research stressing the former approach was pioneered by Krugman (1979) and Flood and Garber (1984). According to this line of research, the failure of governments to adopt domestic monetary and fiscal policies consistent with their stated exchange rate targets leads to a gradual diminution of reserves and eventually a stock adjustment that depletes reserves suddenly in one attack (Sachs, Tornell, and Velasco, 1996, page 47). The result is either a devaluation of the exchange rate or a switch to floating. Subsequent work of this genre has specified a number of other channels, in addition to that involving inconsistent and unsustainable monetary and fiscal policies, that can precipitate an attack: 1. Inconsistency between external and internal objectives. The stances of monetary and fiscal policies may be consistent with the authorities' exchange rate target, but domestic economic indicators (such as the unemployment rate) may be inconsistent with internal balance, resulting in pressures on the authorities to relax macroeconomic policies. Private agents, aware of this inconsistency, perceive an opportunity for profits from a currency devaluation and precipitate an attack. 2. Contagion effects. Prior to an attack on another currency (say that of country B), the market may view a country's (say, country A's) exchange rate as consistent with economic fundamentals and, thus, sustainable.
Author : Linda S. Goldberg
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)
Download or read book Collapsing Exchange Rate Regimes written by Linda S. Goldberg and published by . This book was released on 1988 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Patterns in domestic credit creation stemming from inconsistent fiscal policies have received widespread attention for aggravating speculative attacks on central bank foreign exchange reserves and contributing to the collapse of exchange rate regimes. This paper acknowledges the importance of monetary and fiscal discipline, but also emphasizes the importance of other random shocks to the domestic money market, most notably shocks from external credit supplies and relative prices. Policies of the domestic fiscal authorities are only partial catalysts for speculative attacks on a currency. Expansion of domestic credit stemming from the monetization of fiscal imbalances may be dominated by involuntary domestic credit expansions necessitated by surprise shortages in supplies of external capital. Further, the unexpected availability of external capital translates into a lower net critical reserve floor, making the depletion of central bank reserves by a speculative attack more difficult to accomplish. Also of considerable importance are relative price shocks which directly influence the probability of collapse by randomizing the demand for nominal money balances. Empirical studies of exchange rate crises that neglect these considerations will produce biased estimates of both expected collapse probabilities and anticipated post-collapse exchange rates.
Author : Linda S. Goldberg
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (318 download)
Download or read book Predicting Exchange Rate Crises written by Linda S. Goldberg and published by . This book was released on 1990 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper predicts ex-ante the probability of currency crises end size of expected devaluations month by month for Mexico between 1980 and 1986 using a heterodox linear discrete time model of exchange rate crises. The forces contributing to speculative attacks on the Mexican peso include internal money creation, external credit shocks, and relative price shocks. The framework proves highly successful for generating forecasts of the probability of speculative attacks on the peso and for predicting lower bounds for post- collapse exchange rates using a range of assumptions about critical levels of central bank reserve floors. Simulation results suggest that reducing domestic credit growth, increasing the uncertainty surrounding this growth, and reducing the size and perhaps increasing the frequency of currency realignments might have greatly reduced the amount of currency speculation against the peso in some of the crisis periods between 1980 and 1986.
Author : Susan M. Collins
Publisher : Brookings Institution Press
ISBN 13 : 9780815706823
Total Pages : 252 pages
Book Rating : 4.7/5 (68 download)
Download or read book Brookings Trade Forum: 2002 written by Susan M. Collins and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency crises are extremely perplexing problems, initially erupting in a country's financial markets and spreading throughout a country's economy and beyond—often with devastating consequences for real economic activity. Experts on the two most recent crises—in Argentina and Turkey—together with others who have studied currency crises more broadly, examine why such crises continue to erupt and how to mitigate their impact, possibly preventing additional crises in the future. Argentina's Avoidable Crisis: Bad Luck, Bad Economics, Bad Politics, Bad Advice Andrew Powell, Universidad Torcuato di Tella Hard Money's Soft Underbelly: Understanding the Argentine Crisis Ricardo Hausmann, Harvard University Andrés Velasco, Harvard University Banking Sector Fragility and Turkey's 2000–01 Financial Crisis Fatih Özatay, Merkez Bankasi Güven Sak, Merkez Bankasi Panel: Lessons of Recent Currency Crises Morris Goldstein, Institute for International Economics Currency Crises: A Practitioner's View Jose Luis Machinea, Inter-American Development Bank Does East Asia Need a New Development Paradigm? Yung Chul Park, Korea University Currency crises are extremely perplexing problems, initially erupting in a country's financial markets and spreading throughout a country's economy and beyond—often with devastating consequences for real economic activity. Experts on the two most recent crises—in Argentina and Turkey—together with others who have studied currency crises more broadly, examine why such crises continue to erupt and how to mitigate their impact, possibly preventing additional crises in the future. Argentina's Avoidable Crisis: Bad Luck, Bad Economics, Bad Politics, Bad Advice Andrew Powell, Universidad Torcuato di Tella Hard Money's Soft Underbelly: Understanding the Argentine Crisis Ricardo Hausmann, Harvard University Andrés Velasco, Harvard University Banking Sector Fragility and Turkey's 2000–01 Financial Crisis Fatih Özatay, Merkez Bankasi Güven Sak, Merkez Bankasi Panel: Lessons of Recent Currency Crises Morris Goldstein, Institute for International Economics Currency Crises: A Practitioner's View Jose Luis Machinea, Inter-American Development Bank Does East Asia Need a New Development Paradigm? Yung Chul Park, Korea University
Author : Giorgio Radaelli
Publisher : Routledge
ISBN 13 : 1134834438
Total Pages : 121 pages
Book Rating : 4.1/5 (348 download)
Download or read book Exchange Rate Determination and Control written by Giorgio Radaelli and published by Routledge. This book was released on 2002-01-08 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: The experiences of the Exchange Rate Mechanism of the European Community have highlighted the difficulties of exchange rate control. Exchange Rate Determination and Control investigates the determinants of exchange rates and evaluates the main options for policy makers in limiting exchange rate fluctuations, drawing on the empirical evidence of the experiences of the G7 countries over the last two decades.
Author : Lars Mjoset
Publisher : Emerald Group Publishing
ISBN 13 : 0857247778
Total Pages : 433 pages
Book Rating : 4.8/5 (572 download)
Download or read book The Nordic Varieties of Capitalism written by Lars Mjoset and published by Emerald Group Publishing. This book was released on 2011-11-23 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of the political economy of the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). It emphasizes the variety of experiences within the Nordic realm, from the dramatic collapse of Iceland's economy as the financial bubble burst in 2008 to the full-employment oil-economy of Norway.
Author : Ziya Onis
Publisher : Routledge
ISBN 13 : 1135758689
Total Pages : 210 pages
Book Rating : 4.1/5 (357 download)
Download or read book The Turkish Economy in Crisis written by Ziya Onis and published by Routledge. This book was released on 2004-08-02 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a set of critical perspectives on the economic crises of 2000 and 2001 focusing on both the origins and consequences of the crises. Attention is drawn to the role of domestic actors as well as key external actors such as the International Monetary Fund in precipitating the twin crises.
Author : William C. Gruben
Publisher : Springer Science & Business Media
ISBN 13 : 1461561752
Total Pages : 247 pages
Book Rating : 4.4/5 (615 download)
Download or read book Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy written by William C. Gruben and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.
Author : David F. DeRosa
Publisher : John Wiley & Sons
ISBN 13 : 1118415558
Total Pages : 416 pages
Book Rating : 4.1/5 (184 download)
Download or read book Foreign Exchange Operations written by David F. DeRosa and published by John Wiley & Sons. This book was released on 2013-10-07 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate nuts-and-bolts guide to foreign exchange operations The foreign exchange landscape is particularly risky since so much of the world is unregulated and takes place over the counter (off exchange). Brilliant traders and money managers who are profitable may find themselves underperforming, or worse, losing, simply because they failed to establish strong operations. In this book, David DeRosa provides industry players with everything they need for strong operational functions from all the types of trades to execution, master trading agreements, documentation, settlement, margin and collateral, and prime brokerage services. Contains vital work flow solutions for trading in the volatile foreign exchange marketplace Offers information for mastering the operational aspect of foreign exchange trading to help determine best partners such as prime brokers and others Written by David DeRosa a leading foreign exchange expert who has consulted to hundreds of financial institutions Foreign Exchange Operations helps traders mitigate risks and offers a guide to all aspects of trading operations from mastering trading agreements to margin documentation.
Author :
Publisher :
ISBN 13 :
Total Pages : 764 pages
Book Rating : 4.3/5 ( download)
Download or read book Operation of the Trade Agreements Program written by and published by . This book was released on 1986 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (9 download)
Download or read book Document de Travail written by and published by . This book was released on 1999 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 1044 pages
Book Rating : 4.3/5 (511 download)
Download or read book USITC Publication written by and published by . This book was released on 1986 with total page 1044 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurent L. Jacque
Publisher : John Wiley & Sons
ISBN 13 : 1118781864
Total Pages : 885 pages
Book Rating : 4.1/5 (187 download)
Download or read book International Corporate Finance, + Website written by Laurent L. Jacque and published by John Wiley & Sons. This book was released on 2014-03-24 with total page 885 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough introduction to corporate finance from a renowned professor of finance and banking As globalization redefines the field of corporate finance, international and domestic finance have become almost inseparably intertwined. It's increasingly difficult to understand what is happening in capital markets without a firm grasp of currency markets, the investment strategies of sovereign wealth funds, carry trade, and foreign exchange derivatives products. International Corporate Finance offers thorough coverage of the international monetary climate, including Islamic finance, Asian banking, and cross-border mergers and acquisitions. Additionally, the book offers keen insight on global capital markets, equity markets, and bond markets, as well as foreign exchange risk management and how to forecast exchange rates. Offers a comprehensive discussion of the current state of international corporate finance Provides simple rules and pragmatic answers to key managerial questions and issues Includes case studies and real-world decision-making situations For anyone who wants to understand how finance works in today's hyper-connected global economy, International Corporate Finance is an insightful, practical guide to this complex subject.
Author : Christopher Joseph
Publisher : Ivy Press
ISBN 13 : 0711268045
Total Pages : 226 pages
Book Rating : 4.7/5 (112 download)
Download or read book How to Measure Anything written by Christopher Joseph and published by Ivy Press. This book was released on 2022-03-15 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn about scales of measurement used in everything from meteorology to music notation in this comprehensive and informative reference guide. Measurement is constantly all around us. It forms the foundations of science – the ohms and amps of physics and the moles and isotopes of chemistry – and shapes our every day. Our relationships with measurement start the moment we wake and check the day’s temperature and continue until the precise second we go to sleep. But beyond the familiar measurements, hundreds more are listed in this entertaining and revealing reference book. Packed with unusual and fascinating facts ranging from everyday amounts, such as how much salt is there in a pinch (1/8 teaspoon), to key scientific measurements, including the parsec, which is equivalent to 3.26 light-years, or just over 19.26 trillion miles, How to Measure Anything’s entries are accompanied by diagrams, symbols and illustrations to help demonstrate these concepts and measurements in action. The methods used to measure food, photography, finance, commerce, magnetism, atomic physics are just a fraction of the areas covered in this essential guide that helps us to better understand how our world works.
