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Author : Ann Schlyter
Publisher :
ISBN 13 : 9789171064448
Total Pages : 0 pages
Book Rating : 4.0/5 (644 download)
Download or read book Cross-border Trade and the Parallel Currency Market written by Ann Schlyter and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Y (Yahaya); Meagher Hashim (K (Kate).)
Publisher :
ISBN 13 :
Total Pages : 118 pages
Book Rating : 4.:/5 (13 download)
Download or read book Cross-border Trade and the Parallel Currency Market written by Y (Yahaya); Meagher Hashim (K (Kate).) and published by . This book was released on 1999 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yahaya Hashim
Publisher : Nordic Africa Institute
ISBN 13 : 9789171064493
Total Pages : 128 pages
Book Rating : 4.0/5 (644 download)
Download or read book Cross-border Trade and the Parallel Currency Market written by Yahaya Hashim and published by Nordic Africa Institute. This book was released on 1999 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors of this study challenge the assumptions of the World Bank that the expansion in informal cross-border trade is a vindication of the market-liberalizing thrust of structural adjustment, and that adjustment policies have improved the effectiveness of an "independent" bourgeoisie that is emerging out of this trade as an agent of regional integration. Instead, they make the case for the adoption of what they call a "development approach" for tapping the benefits of the informal currency markets, as an alternative to the "market coercion" of structural adjustment.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451943229
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)
Download or read book Parallel Currency Markets in Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-12-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
Author : Pierre-Richard Agénor
Publisher : International Finance Section Department of Econ Ton Univers
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (321 download)
Download or read book Parallel Currency Markets in Developing Countries written by Pierre-Richard Agénor and published by International Finance Section Department of Econ Ton Univers. This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Miguel A. Kiguel
Publisher : Springer
ISBN 13 : 1349255203
Total Pages : 411 pages
Book Rating : 4.3/5 (492 download)
Download or read book Parallel Exchange Rates in Developing Countries written by Miguel A. Kiguel and published by Springer. This book was released on 2016-07-27 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: '...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combining elegant theory and state of the art econometrics to reach very sensible policy conclusions.' - Mohsin S. Khan, Deputy Director, Research Department, International Monetary Fund ' This book fills an important vacuum in the literature of the economic consequences of parallel markets and should prove of great value to students of economic development and to policy-makers in developing countries as they struggle to reform their exchange rate and trade incentive systems. Here they will find all that they need to know.' - Vittorio Corbo, Professor of Economics, Universidad Catolica de Chile 'A most comprehensive treatment of the relationships between parallel foreign exchange markets and macroeconomic policies, both across countries and over time. The book substantially enhances our understanding of how these systems work in practice and will be of great interest to policy-makers, researchers and graduate students of economic policy.' - Samuel M. Wangwe, Professor of Economics, University of Dar es Salaam and Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries. An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.
Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
ISBN 13 : 1451923236
Total Pages : 44 pages
Book Rating : 4.4/5 (519 download)
Download or read book Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1990-03-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated with an increase in output and prices, a fall in the stock of net foreign assets, and a depreciation of the parallel exchange rate. The speed of adjustment is inversely related to the degree of rationing in the official foreign currency market. A once-for–all devaluation of the official exchange rate has no long-term effect on the premium.
Author : Elcyon Caiado Rocha Lima
Publisher :
ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.:/5 (319 download)
Download or read book Inconvertibility and the Unofficial Or Parallel Market for Foreign Currency written by Elcyon Caiado Rocha Lima and published by . This book was released on 1986 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes a model of the determination of the official and unofficial (parallel) exchange rates for a situation in which there is (potentially) a demand to hold foreign currency and in which holdings of the foreign currency cannot be freely altered by trade at the offical exchange rate (with the central bank). Instead, the existing stock of foreign currency is traded at the unoffical exchange rate and alterations in the existing stock come about only through a costly smuggling activity. The model is nonstochastic. It is a model of a small country- in the sense that foreign prices and interest rates are taken as given- that is inhabited by overlapping generations. No restrictions are imposed on international trade in goods and a special form of exchange rate flexibility is assumed. The model is particularly helpful in isolating different sources for the existence of black markets for foreign currences. It does shed some light on the welfare implications of domestic currency convertibility (when trade restrictions are not significant).
Author : Hélène Rey
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (6 download)
Download or read book International Trade and Currency Exchange written by Hélène Rey and published by . This book was released on 1999 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Simon T Gray
Publisher : International Monetary Fund
ISBN 13 : 1513568639
Total Pages : 45 pages
Book Rating : 4.5/5 (135 download)
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.
Author : Rangarajan Krishnamani
Publisher :
ISBN 13 :
Total Pages : 406 pages
Book Rating : 4.:/5 (471 download)
Download or read book Foreign Exchange Restrictions and the Parallel Currency Market in India written by Rangarajan Krishnamani and published by . This book was released on 2001 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498330282
Total Pages : 132 pages
Book Rating : 4.4/5 (983 download)
Download or read book Exchange Rate Volatility and Trade Flows--Some New Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Author : Oliver Morrissey
Publisher : Edward Elgar Publishing
ISBN 13 : 1781005311
Total Pages : 476 pages
Book Rating : 4.7/5 (81 download)
Download or read book Handbook on Trade and Development written by Oliver Morrissey and published by Edward Elgar Publishing. This book was released on 2015-05-29 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely Handbook comprehensively explores the complex relationships between trade and economic performance in developing countries, illustrating that it is not trade per se that is important but the context, at the firm, country and regional level, in which trade occurs.
Author : S. K. Verghese
Publisher :
ISBN 13 :
Total Pages : 400 pages
Book Rating : 4.3/5 (512 download)
Download or read book Foreign Exchange and Finance of Foreign Trade written by S. K. Verghese and published by . This book was released on 1985 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ernesto May
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (319 download)
Download or read book Exchange Controls and Parallel Market Economies in Sub-Saharan Africa written by Ernesto May and published by . This book was released on 1985 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a theoretical framework to understand the way in which exchange controls modify the behavior of the different agents in the economy, leading to the creation of a parallel market economy. It gives the necessary theoretical elements to analyze this parallel market economy and provides a simple methodology to obtain relevant quantitative information about it. Finally, the paper elaborates on some of the policy implications of the existence of a parallel market economy. The model developed shows that the parallel market activities can be explained through the optimizing behavior of exporters and importers, which determines the amount of import and export smuggling, the level of the rent-seeking activity, and the black market exchange rate that is consistent with an equilibrium position where no one has any more incentives to move from their attained position. A method to detect the presence, and assess the magnitude of the parallel market economy, as well as to explain its behavior quantitatively, is then developed and applied to the case of Ghana.
Author : Brian Twomey
Publisher : John Wiley & Sons
ISBN 13 : 1118149351
Total Pages : 336 pages
Book Rating : 4.1/5 (181 download)
Download or read book Inside the Currency Market written by Brian Twomey and published by John Wiley & Sons. This book was released on 2011-10-04 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete resource to trading today's currency market Currency movements are impacted by a variety of factors, including interest rates, trade balances, inflation levels, monetary and fiscal policies, and the political climate. Traders use both fundamental data and a variety of technical tools to trade within this market. Inside the Currency Market describes both the underlying dynamics that drive this market and the strategies that can help you capture consistent profits in it. Page by page, this reliable guide skillfully discusses the structure of the market, its roles in the global economy, the forces that drive currency values, trading strategies, and tactics. It also offers a detailed understanding of how global financial flows, derivatives, and other markets such as oil and gold impact currencies. Along the way, author and professor Brian Twomey provides information on gathering and analyzing global financial data so that traders can gain a "big-picture" perspective when attempting to identify trades. Explains virtually every element of the market and can function as a desk reference that puts everyday events into context for traders Fundamentally driven trades based on interest rate differentials and trade imbalances are discussed, as well as technical trades involving chart patterns, trends, and trading ranges Each chapter contains questions and answers to help readers master the material The currency market continues to generate interest and attract new retail traders due to the many opportunities available within it. This book will show you how to successfully operate within this arena by making the most informed trading decisions possible.
Author : Dariusz Wojcik
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Geography of Foreign Exchange Trading written by Dariusz Wojcik and published by . This book was released on 2014 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use data on foreign exchange trading from the Bank for International Settlements for the period 1995-2013 to explore the relationship between the international currency system and the evolution of international financial centres. Drawing on existing literature, our conceptual framework suggests that both the system of currencies and that of financial centres have tendencies towards spatial concentration, but they have limits, and generate overlapping but different geographies. Our empirical analysis shows the forex market as globalised, networked and hierarchical, with a 40% share for the leading centre and currency, a 20% share of the runner-up, and the rest of the market divided among smaller financial centres and currencies. The US dollar, as the vehicle currency in foreign trade and cross-border financial transactions, and London, as the world's most global financial centre, are both at the heart of the system. In the last 20 years the market has undergone spatial concentration, and seems on course for further concentration, driven by economies of scale, scope and agglomeration. The US subprime and Eurozone crises have done little to change the geography of forex trading. Turnover has boomed and Asia's share in the market has remained stagnant. New regulation may indeed be contributing to the centripetal forces by adding fixed costs and increasing economies of scale. Nevertheless, geopolitics and geoeconomics may act as a centrifugal force, with the rising status of the Chinese currency in the lead.
