Currency Speculation in Fixed Exchange Rate Regimes

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3658048298
Total Pages : 142 pages
Book Rating : 4.6/5 (58 download)

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Book Synopsis Currency Speculation in Fixed Exchange Rate Regimes by : Anja Zenker

Download or read book Currency Speculation in Fixed Exchange Rate Regimes written by Anja Zenker and published by Springer Science & Business Media. This book was released on 2014-01-08 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Speculative currency crises seem to have become a common and inevitable phenomenon in the international monetary system. Against this background, various approaches have been developed by economists to cover the broad range of situations in which balance-of-payments crises occurred. Anja Zenker provides a comprehensive insight into the body of theoretical and empirical literature about currency speculation in fixed exchange rate regimes. The author discusses different generations of theoretical models and their empirical relevance in recent currency crises. Moreover, she considers diverse policy options which attempt to avoid speculative attacks on exchange rate pegs.

Speculation and the Decision to Abandon a Fixed Exchange Rate Regime

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Author :
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (6 download)

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Book Synopsis Speculation and the Decision to Abandon a Fixed Exchange Rate Regime by : Ivan Pastine

Download or read book Speculation and the Decision to Abandon a Fixed Exchange Rate Regime written by Ivan Pastine and published by . This book was released on 2001 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Speculation And The Dollar

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Author :
Publisher : Routledge
ISBN 13 : 1000312895
Total Pages : 314 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Speculation And The Dollar by : Laurence Krause

Download or read book Speculation And The Dollar written by Laurence Krause and published by Routledge. This book was released on 2019-07-11 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.

Devaluation Expectations and Speculative Attacks on the Currency

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Devaluation Expectations and Speculative Attacks on the Currency by : Alpo Willman

Download or read book Devaluation Expectations and Speculative Attacks on the Currency written by Alpo Willman and published by . This book was released on 1987 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Flexible Exchange Rates/h

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Publisher : Routledge
ISBN 13 : 0429728174
Total Pages : 290 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Flexible Exchange Rates/h by : Jan Herin

Download or read book Flexible Exchange Rates/h written by Jan Herin and published by Routledge. This book was released on 2019-03-12 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .

On Fixed and Flexible Exchange Rate Regimes

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Author :
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis On Fixed and Flexible Exchange Rate Regimes by : Y. H. Lui

Download or read book On Fixed and Flexible Exchange Rate Regimes written by Y. H. Lui and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fixed or Floating Exchange Regimes

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451855532
Total Pages : 30 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Fixed or Floating Exchange Regimes by : Peter J. Quirk

Download or read book Fixed or Floating Exchange Regimes written by Peter J. Quirk and published by International Monetary Fund. This book was released on 1994-11-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews recent experience with the choice of floating or fixed (“anchor”) exchange regimes in industrial and developing countries. It concludes that desirable differences between the two sets of regimes have narrowed, owing to the useful operational role of exchange rate margins and unavoidable medium-term rate adjustments in the context of fixed regimes. A survey of recent empirical cross-country literature also suggests little unambiguous association of the choice of exchange regime with macroeconomic performance, inflation in particular. Stability of the exchange rate has generally been a by-product of other policy choices. Even announcement effects of the regime on inflation-fighting credibility depend on the country-specific assignments of policy instruments to more than one institution--central bank, government, or regional and multilateral institutions.

The Double Play

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Double Play by : Sujit Chakravorti

Download or read book The Double Play written by Sujit Chakravorti and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the potential for foreign speculators to profit from simultaneously taking short positions in foreign exchange and equity markets under a fixed exchange rate regime, in what has been termed as the quot;double play.quot; Such a strategy is considered when the monetary authority is faced with two conflicting objectives-exchange rate stability and low interest rates. While the monetary authority may not be able to directly intervene to stabilize interest rates under the fixed exchange rate regime, it may consider intervention in equity markets to head off speculative pressure on interest rates. The model determines market conditions where speculators may find the double play strategy profitable and the impact of government intervention on speculative short equity positions and the interest rate, concluding that intervention can never simultaneously reduce speculation in the equity and the money markets. In the case where country fundamentals are strong, intervention while reducing short positions in equity markets actually increases short positions in the money market and induces higher interest rates. The paper concludes by discussing the Hong Kong Monetary Authority's intervention in the Hong Kong equity market within the context of this model.

Speculative Bubbles, Speculative Attacks, and Policy Switching

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Author :
Publisher : MIT Press
ISBN 13 : 9780262061698
Total Pages : 528 pages
Book Rating : 4.0/5 (616 download)

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Book Synopsis Speculative Bubbles, Speculative Attacks, and Policy Switching by : Robert P. Flood

Download or read book Speculative Bubbles, Speculative Attacks, and Policy Switching written by Robert P. Flood and published by MIT Press. This book was released on 1994 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate regimes) is international in scope; and the third, on policy switching, is concerned with monetary policy.

Speculative Attacks on Fixed Exchange Rate Regimes

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Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis Speculative Attacks on Fixed Exchange Rate Regimes by : Mark C. Hrycay

Download or read book Speculative Attacks on Fixed Exchange Rate Regimes written by Mark C. Hrycay and published by . This book was released on 1997 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Too Sensational

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Publisher : MIT Press
ISBN 13 : 9780262262118
Total Pages : 292 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Too Sensational by : W. Max Corden

Download or read book Too Sensational written by W. Max Corden and published by MIT Press. This book was released on 2004-08-20 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational, W. Max Corden presents a systematic and accessible overview of the choice of exchange rate regimes. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy. Building on the theory of optimum currency areas, Corden develops an analytic framework of three approaches (nominal anchor, real targets, and exchange rate stability) and three polar exchange rate regimes (absolutely fixed, pure floating, and fixed but adjustable). He considers all other regimes to be mixtures of two or three of the polar regimes. Beginning with theory and later turning to case studies of countries in Asia, Europe, and Latin America, Corden focuses on how economies react to negative and positive shocks under various exchange rate regimes. He examines in particular the Asian and Latin American currency crises of the 1990s. He concludes that although "too sensational" crises have discredited fixed but adjustable regimes, the extremes of absolutely fixed regimes or pure floating regimes need not be chosen.

Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze

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Publisher : International Monetary Fund
ISBN 13 : 1451980205
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze by : Mr.Subir Lall

Download or read book Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze written by Mr.Subir Lall and published by International Monetary Fund. This book was released on 1997-12-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper addresses the question of how an attack is launched on the forward market, and what the optimal policy response to such speculation is in the forward and spot markets. The paper also demonstrates how central banks can impose a bear squeeze on speculators. Recent events in South East Asian currency markets are interpreted within the framework of the model’s predictions.

Reexamining Theoretical Models of Speculative Attacks on Fixed Exchange Rate Regimes

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Publisher :
ISBN 13 :
Total Pages : 94 pages
Book Rating : 4.:/5 (58 download)

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Book Synopsis Reexamining Theoretical Models of Speculative Attacks on Fixed Exchange Rate Regimes by : Jonathan Halket

Download or read book Reexamining Theoretical Models of Speculative Attacks on Fixed Exchange Rate Regimes written by Jonathan Halket and published by . This book was released on 2001 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Business Cycles of Currency Speculation

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Business Cycles of Currency Speculation by : Enrique G. Mendoza

Download or read book The Business Cycles of Currency Speculation written by Enrique G. Mendoza and published by . This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Choice of Exchange Rate Regime and Speculative Attacks

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis The Choice of Exchange Rate Regime and Speculative Attacks by : Alex Cukierman

Download or read book The Choice of Exchange Rate Regime and Speculative Attacks written by Alex Cukierman and published by . This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Policy Making and Speculative Attacks in Models of Exchange Rate Crises

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Policy Making and Speculative Attacks in Models of Exchange Rate Crises by : Giancarlo Corsetti

Download or read book Policy Making and Speculative Attacks in Models of Exchange Rate Crises written by Giancarlo Corsetti and published by . This book was released on 1996 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Currency Crises

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Publisher : Princeton University International Finance Section, Department of Econmics
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Currency Crises by : Olivier Jeanne

Download or read book Currency Crises written by Olivier Jeanne and published by Princeton University International Finance Section, Department of Econmics. This book was released on 2000 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: