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Currency Substitution And Cross Border Monetary Aggregation
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Book Synopsis Currency Substitution and Cross-Border Monetary Aggregation by : Mr.Timothy D. Lane
Download or read book Currency Substitution and Cross-Border Monetary Aggregation written by Mr.Timothy D. Lane and published by International Monetary Fund. This book was released on 1992-10-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a stable aggregate money demand relationship for Europe? If so, why, and if not, why not? These questions are important for the implementation of policy by a European central bank, as well as for the appropriate speed of transition to EMU. This paper addresses them in a multi-country empirical study of money demand for the G-7 countries during the period since 1973. It looks for evidence of currency substitution and tests the restrictions implied by cross-border aggregation within Europe.
Book Synopsis Currency Substitution and Cross-border Monetary Aggregation by : Timothy David Lane
Download or read book Currency Substitution and Cross-border Monetary Aggregation written by Timothy David Lane and published by . This book was released on 1992 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Implications of Cross-Border Monetary Aggregation by : Mr.Timothy D. Lane
Download or read book The Implications of Cross-Border Monetary Aggregation written by Mr.Timothy D. Lane and published by International Monetary Fund. This book was released on 1992-09-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European Central Bank. This paper uses a theoretical error-invariables framework to identify what is gained and what may be lost through cross-border aggregation of money demand. It provides an analytical basis for such studies, paying particular attention to currency substitution and international portfolio diversification.
Book Synopsis Global Liquidity through the Lens of Monetary Aggregates by : Kyuil Chung
Download or read book Global Liquidity through the Lens of Monetary Aggregates written by Kyuil Chung and published by International Monetary Fund. This book was released on 2014-01-24 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how the financial activities of non-financial corporates (NFCs) in international markets potentially affects domestic monetary aggregates and financial conditions. Monetary aggregates reflect, in part, the activities of NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods of rapid exchange rate appreciation coincide with increases in the central bank’s foreign exchange reserves, increasing the stock of narrow money. The paper examines economic significance of cross-country panel data on monetary aggregates and other measures of non-core bank liabilities. Non-core liabilities that reflect the activities of NFCs reflect broad credit conditions and predict global trade and growth.
Book Synopsis Cross-Border Deposits and Monetary Aggregates in the Transition to EMU by : Mr.Carlo Cottarelli
Download or read book Cross-Border Deposits and Monetary Aggregates in the Transition to EMU written by Mr.Carlo Cottarelli and published by International Monetary Fund. This book was released on 1991-11-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the effect of cross-border deposits (CBDs) for the stability of the relation between monetary aggregates and nominal GDP in the five largest EC countries. The analysis is developed in terms of “information content” of alternative money definitions (including or excluding selected subsets of CBDs), derived from a multicountry simultaneous system of money demand equations. We show that in the most recent period traditional money aggregates have lost information value and that they are dominated by alternative money definitions that include CBDs, such as those based on the residency of the holder or on the currency of denomination.
Book Synopsis Currency Substitution in Developing Countries by : Guillermo A. Calvo
Download or read book Currency Substitution in Developing Countries written by Guillermo A. Calvo and published by . This book was released on 1992 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Adjustment and Growth in the European Monetary Union by : Francisco Torres
Download or read book Adjustment and Growth in the European Monetary Union written by Francisco Torres and published by Cambridge University Press. This book was released on 1993-10-21 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at the time. This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992. In these papers, leading international experts address the instability of the transition to EMU, the long-run implications of monetary union and the single market for growth and convergence in Europe. They also consider the prospects for inflation and fiscal convergence, regional policy and the integration of financial markets and fiscal systems. Attention focuses on adjustment mechanisms with differentiated shocks, region-specific business cycles and excessive industrial concentration and the cases for a two-speed EMU and fiscal federalism.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781557758606 Total Pages :124 pages Book Rating :4.7/5 (586 download)
Book Synopsis Research Activities of the IMF, January 1991-December 1998 by : International Monetary Fund
Download or read book Research Activities of the IMF, January 1991-December 1998 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-09-24 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selective index of major research papers prepared by IMF staff in 1991-98.
Book Synopsis The Macroeconomics of International Currencies by : Paul Mizen
Download or read book The Macroeconomics of International Currencies written by Paul Mizen and published by Edward Elgar Publishing. This book was released on 1996 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dozen studies examine the theoretical and empirical consequences of currency substitution, a growing phenomenon in world financial markets and an integral part of financial and exchange-rate developments since the collapse of the Bretton Woods agreement. Among the topics are measuring the co- circulation of currencies, seigniorage and the choice of currency, the yield curve and North American monetary policy, European financial markets, the demand for Deutsche marks before and after the fall of the Berlin Wall, and dollarization in transition economies and in Latin America. Annotation copyright by Book News, Inc., Portland, OR
Book Synopsis Economic Dislocation and Recovery in Lebanon by : Mr.Paul Cashin
Download or read book Economic Dislocation and Recovery in Lebanon written by Mr.Paul Cashin and published by International Monetary Fund. This book was released on 1995-12-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects for recovery
Download or read book IMF Working Paper written by and published by . This book was released on 1997 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book France written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1995-10-20 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, edited by Paul R. Mason, analyses the policy challenges that face the French economy in the second half of this decade, highlighting the need for structural changes to enhance the economy's flexibility. The authors argue that budgetary constraints will oblige France to address structural economic problems by reducing social benefits and cutting government expediture.
Book Synopsis A Guide to International Monetary Economics, Third Edition by : Hans Visser
Download or read book A Guide to International Monetary Economics, Third Edition written by Hans Visser and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third edition emphasises recent developments such as the creation and expansion of the euro and the radical solution of dollarisation. The book is a concise treatment of this complex field and does not encumber the reader with a surfeit of potentially distracting Institutional details.
Book Synopsis Dollarization in Lebanon by : Mr.Johannes Mueller
Download or read book Dollarization in Lebanon written by Mr.Johannes Mueller and published by International Monetary Fund. This book was released on 1994-10-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Book Synopsis The Dollarization Debate by : Dominick Salvatore
Download or read book The Dollarization Debate written by Dominick Salvatore and published by Oxford University Press. This book was released on 2003-03-27 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a global approach, with an emphasis on North and Latin America respectfully, by discussing one of today's most controversial topics in business; Dollarization. With the collapse of the former Soviet Union, and the formation of the Euro in Europe, many countries and debating whether or not a common currency is in their best interest. This intriguing volume brings together the leading participants in the current dollarization debates. Many advocate the notion of a common currency, while others feel that in doing so will create financial costs for all that take part, with the severity varying from country to country.
Download or read book Monthly Report written by and published by . This book was released on 1995 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ratchet Effects in Currency Substitution by : Joannes Mongardini
Download or read book Ratchet Effects in Currency Substitution written by Joannes Mongardini and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: