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.

Balance of Payments Textbook

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1557755701
Total Pages : 159 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Balance of Payments Textbook by : International Monetary Fund

Download or read book Balance of Payments Textbook written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-04-15 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.

IMF Staff Papers

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Publisher : International Monetary Fund
ISBN 13 : 1451949391
Total Pages : 170 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff Papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1952-01-01 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses various foreign payments practices in the United States. Most foreign payments in the United States are, therefore, done along traditional lines in whatever manner. Several nontraditional practices, however, have developed in recent years as the result of trade and payments restrictions established by foreign Governments. The amount and type of exchange sold by the US banks to their customers are limited only, if at all, by regulations abroad or by the banks' own limitations. In making or receiving foreign payments, the US banks deal generally with three types of customers which are, in the order of their importance: exporters and importers, individuals or corporations desiring to make or receive nontrade financial payments, and speculators. Foreign payments for account of individuals are usually small individually however, in the aggregate, they represent an important function of the banks located in the larger cities with a considerable foreign-born population.

IMF Staff papers

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451930860
Total Pages : 180 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1956-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to describe the role and the operating significance of IMF quotas. Each member of the IMF has a quota, the functions of which are threefold. These functions are interrelated, but the attempt to find a series of figures that would effectively perform all these functions for each member necessitated a large amount of compromise in the determination of quotas. A quota determines the subscription or contribution of each member to the capital of the IMF; and the total of the quotas of all members determines the size of the IMF’s financial resources. Each member is required to pay to the IMF of its quota in gold, and the balance in its own currency. Apart from any retained profits or accumulated losses, quotas directly determine the total assets of the IMF. Assets can be increased only by admitting new members or by increasing the quotas of existing members, though the Fund may under prescribed conditions increase the funds at its disposal by borrowing.

IMF Staff papers

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145197146X
Total Pages : 208 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1951-01-01 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains contribution of the September 1949 devaluations to the solution of Europe’s dollar problem. After the devaluations, the dollar value of exports to the United States from the devaluing countries in Europe recovered from the low levels of the second and third quarters of 1949, but this recovery, which restored exports in the first half of 1950 approximately to the 1948 level should be attributed in large part to the recovery in the US economy rather than to the devaluations. Between the first half of 1949 and the first half of 1950, Europe's dollar imports declined by one-third. Most of this decline occurred, however, between the second and third quarter of 1949, that is, before the devaluations. With imports generally controlled, the effect of the devaluations appeared much more in the reduction of pressure on the control authorities, the substitution of the price mechanism for at least part of the controls as barriers to imports, and the consequent more rational allocation of the relatively scarce dollars among different uses and different users.

Economic Growth and the Balance-of-Payments Constraint

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Author :
Publisher : Springer
ISBN 13 : 1349231215
Total Pages : 646 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis Economic Growth and the Balance-of-Payments Constraint by : John McCombie

Download or read book Economic Growth and the Balance-of-Payments Constraint written by John McCombie and published by Springer. This book was released on 2016-07-27 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: '... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

Balance of Payments Compilation Guide

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557754707
Total Pages : 398 pages
Book Rating : 4.7/5 (547 download)

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Book Synopsis Balance of Payments Compilation Guide by : International Monetary Fund

Download or read book Balance of Payments Compilation Guide written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-03-15 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: A companion document to the fifth edition of the Balance of Payments Manual, the Balance of Payments Compilation Guide shows how the conceptual framework described in the Manual may be implemented in practice. The primary purpose of the Guide is to provide practical guidance for using sources and methods to compile statistics on the balance of payments and the international investment position. the Guide is designed to assist balance of payments compilers and statisticians in understanding the relative strengths and weaknesses of various approaches. The material reflects the emergence of new data sources and adaptations in the application of statistical methodologies to changing circumstances. Discussed in the Guide are all of the tasks that a BOP compiler normally performs. Appendices contain a set of model BOP questionnaires and a set of model BOP publication tables. Relationships between the balance of payments statistics and relevant aspects of national accounts are covered as well.

A Retrospective on the Bretton Woods System

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Publisher : University of Chicago Press
ISBN 13 : 0226066908
Total Pages : 692 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis A Retrospective on the Bretton Woods System by : Michael D. Bordo

Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.

The Monetary Approach to the Balance of Payments

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Author :
Publisher : Routledge
ISBN 13 : 1135043493
Total Pages : 389 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis The Monetary Approach to the Balance of Payments by : Jacob Frenkel

Download or read book The Monetary Approach to the Balance of Payments written by Jacob Frenkel and published by Routledge. This book was released on 2013-07-18 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.

Currency Devaluation in Developing Countries

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (153 download)

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Book Synopsis Currency Devaluation in Developing Countries by : Richard N. Cooper

Download or read book Currency Devaluation in Developing Countries written by Richard N. Cooper and published by . This book was released on 1981 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Balance of Payments Adjustment, 1945 to 1986

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9780939934935
Total Pages : 360 pages
Book Rating : 4.9/5 (349 download)

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Book Synopsis Balance of Payments Adjustment, 1945 to 1986 by : Ms.Margaret Garritsen De Vries

Download or read book Balance of Payments Adjustment, 1945 to 1986 written by Ms.Margaret Garritsen De Vries and published by International Monetary Fund. This book was released on 1987-03-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by Margaret Garritsen de Vries, former Historian of the IMF, the book describes the policies and activities the IMF has pursued in helping members achieve balane of payments adjustment. Separate treatment is given to industrial and developing countries, since their balance of payments problems have differed. As examples, Japan, France, the United Kingdom, Colombia, and Mexico as discussed.

The Exchange Rate, International Trade and the Balance of Payments

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Author :
Publisher :
ISBN 13 :
Total Pages : 338 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Exchange Rate, International Trade and the Balance of Payments by : Reserve Bank of Australia. Economic Group

Download or read book The Exchange Rate, International Trade and the Balance of Payments written by Reserve Bank of Australia. Economic Group and published by . This book was released on 1993 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries

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Author :
Publisher :
ISBN 13 : 9781843768487
Total Pages : 0 pages
Book Rating : 4.7/5 (684 download)

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Book Synopsis Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries by : A. P. Thirlwall

Download or read book Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries written by A. P. Thirlwall and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory.

Financial Derivatives

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557759412
Total Pages : 58 pages
Book Rating : 4.7/5 (594 download)

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Book Synopsis Financial Derivatives by : International Monetary Fund. Statistics Dept.

Download or read book Financial Derivatives written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2000-05-10 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1990s, international statistical experts confirmed that financial derivatives should be treated as financial assets and that transactions in financial derivatives should be reported as separate transactions rather than as integral parts of the values of underlying transactions or of financial assets to which some derivatives are linked as hedges. Therefore, to parallel revisions made to the System of National Accounts (1993), an addendum and amendments to the fifth edition (1993) of the Balance of Payments Manual (BPM5) were prepared and published, in early 2000, as a supplement entitled Financial Derivatives. This supplement comprises two parts. Part I contains a new chapter in which the features of financial derivatives and treatments appropriate for specific derivatives were described. Part II consists of modifications to those portions of the BPM5 that pertain to financial derivatives. The revisions are shown by means of shading and strikeout. Financial Derivatives is an essential component of the BPM5.

Evolution of Exchange Rate Regimes

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451946945
Total Pages : 38 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Evolution of Exchange Rate Regimes by : International Monetary Fund

Download or read book Evolution of Exchange Rate Regimes written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-12-09 with total page 38 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.

Structural Economic Dynamics

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Publisher : Cambridge University Press
ISBN 13 : 9780521029766
Total Pages : 212 pages
Book Rating : 4.0/5 (297 download)

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Book Synopsis Structural Economic Dynamics by : Luigi Pasinetti

Download or read book Structural Economic Dynamics written by Luigi Pasinetti and published by Cambridge University Press. This book was released on 2006-11-02 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

The World Monetary System

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Author :
Publisher : Princeton, N.J. : International Finance Section, Princeton University
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis The World Monetary System by : Michael Posner

Download or read book The World Monetary System written by Michael Posner and published by Princeton, N.J. : International Finance Section, Princeton University. This book was released on 1972 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: