Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies by : Zdenek Drabek

Download or read book Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies written by Zdenek Drabek and published by . This book was released on 1998 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 0792384229
Total Pages : 501 pages
Book Rating : 4.7/5 (923 download)

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Book Synopsis Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies by : Mario I. Blejer

Download or read book Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies written by Mario I. Blejer and published by Springer Science & Business Media. This book was released on 1999-12-31 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international competitiveness, international capital flows, trade, and other matters related to the integration of transition economies into the world economy. An understanding of the principles involved and of the experiences of both transition and advanced economies during this process is crucial to ensure its ultimate success. Written by internationally recognized scholars, the chapters cover these issues in a systematic manner. The first section treats current account developments, capital flows, and exchange rate policies in transition countries, the second section deals with specific issues related to international trade, and the final section consists of six specific country experiences. In this final section, a chapter dealing with the Russian Federation discusses the collapse of the ruble in August 1998.

Approaches to Exchange Rate Policy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557753649
Total Pages : 316 pages
Book Rating : 4.7/5 (536 download)

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Book Synopsis Approaches to Exchange Rate Policy by : Mr.Richard C. Bart

Download or read book Approaches to Exchange Rate Policy written by Mr.Richard C. Bart and published by International Monetary Fund. This book was released on 1994-06-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.

Exchange Rate Regimes in Selected Advanced Transition Economies

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Publisher : International Monetary Fund
ISBN 13 : 1451974116
Total Pages : 26 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Exchange Rate Regimes in Selected Advanced Transition Economies by : International Monetary Fund

Download or read book Exchange Rate Regimes in Selected Advanced Transition Economies written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-04-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when capital flows are likely to be large and volatile; narrow band arrangements in particular could be problematic. The exception is Estonia, where there are good arguments for retaining the currency board arrangement. Countries wishing to join the euro area at an early stage should not leave the removal of remaining capital controls to the last minute.

Don't Fix, Don't Float

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Author :
Publisher : OECD Publishing
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Don't Fix, Don't Float by : Organisation for Economic Co-operation and Development. Development Centre

Download or read book Don't Fix, Don't Float written by Organisation for Economic Co-operation and Development. Development Centre and published by OECD Publishing. This book was released on 2001 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Don ́t Fix, Don ́t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the national currency? Should it instead let the currency float in foreign exchange markets? What about bands, baskets and crawls between the fix and the float corners? Answering these questions is of significance to the national economy involved and, with regard to global finance, often beyond. In the same way that there may never be a pure float, even among key currencies, an instant fix does not provide a fast lane to credibility. Credibility is earned abroad as the development process reinforces institution building in monetary, financial and budgetary matters. Indeed, rules for budgetary adjustment (such as the zero deficit in Argentina or the EU Stability and Growth Pact) are necessary for any exchange-rate regime to deliver economic growth and development. In Don ́t Fix, Don ́t Float, the case for intermediate regimes is made for five country groups in Africa, Asia and Latin America. Developing countries, emerging markets and transition economies, together with the OECD area, are facing the consequences of a worsening global economic outlook. In this environment, the development perspective underlying Don t Fix, Don t Float is clearly essential.

Trade Policies for Development and Transition

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Publisher : World Scientific Publishing Company
ISBN 13 : 9813108444
Total Pages : 695 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis Trade Policies for Development and Transition by : David G Tarr

Download or read book Trade Policies for Development and Transition written by David G Tarr and published by World Scientific Publishing Company. This book was released on 2016-12-29 with total page 695 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author has virtually incomparable experience in both providing trade policy advice to more than 25 countries on behalf of the World Bank and also publishing quality journal articles in most of those cases. In this volume, he focuses on his work on: (i) trade policies for countries making the transition from planned to market economies; (ii) his trade policy guideline papers for the World Bank on trade policies for poverty alleviation, uniform tariff policy, adjustment costs of trade liberalization, exchange rate overvaluation, globalization and technology transfer and rules of thumb on regional trade policies; (iii) multilateral, dynamic and environmental issues in trade policy using computable general equilibrium models; (iv) trade policy of the United States in the auto and steel industries; and (v) mathematical methods for modeling. The papers show an unusual combination of policy relevance, advice and impact, with rigor and international trade theory insights. The papers in this volume have appeared in many of the economics profession's more prestigious journals, including Econometrica, Review of Economic Studies, Quarterly Journal of Economics, Economic Journal, the Journal of International Economics, International Economic Review, European Economic Review, Canadian Journal of Economics, Economic Inquiry, the Journal of Comparative Economic, Review of International Economics, World Economy, the Southern Economic Journal, the World Bank Economic Review, the Japanese Economic Review and the Latin American Journal of Economics. In this book, the author elaborates on the articles by discussing some of the policy contexts for the requests for the work from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions and the policy impacts.

Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU

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Publisher : International Monetary Fund
ISBN 13 : 1451972644
Total Pages : 26 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU by : Mr.Paul R. Masson

Download or read book Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1999-07-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The more advanced Central and Eastern European Countries (CEECs) face an evolving set of considerations in choosing their exchange rate policies. On the one hand, capital mobility is increasing, and this imposes additional constraints on fixed exchange rate regimes, while trend real appreciation makes the combination of low inflation and exchange rate stability problematic. On the other hand, the objectives of EU and eventual EMU membership make attractive a peg to the euro at some stage in the transition. The paper discusses these conflicting considerations, and considers the feasibility of an alternative monetary framework, inflation targeting.

Exchange Rate Volatility and Trade Flows--Some New Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1498330282
Total Pages : 132 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Exchange Rate Volatility and Trade Flows--Some New Evidence by : International Monetary Fund

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

Exchange-Rate Policies For Emerging Market Economies

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Publisher : Routledge
ISBN 13 : 0429721064
Total Pages : 347 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Exchange-Rate Policies For Emerging Market Economies by : Richard J Sweeney

Download or read book Exchange-Rate Policies For Emerging Market Economies written by Richard J Sweeney and published by Routledge. This book was released on 2019-03-13 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the loss of Soviet control in Central and Eastern Europe, as well as the move toward economic liberalization in many developing countries, a huge increase in the number of convertible currencies in the world has occurred. A key aspect of the management of these currencies involves their relationships with the world economy, which is determined

Exchange Rate Policies, Prices and Supply-side Response

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Publisher : Springer
ISBN 13 : 0230554539
Total Pages : 201 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Exchange Rate Policies, Prices and Supply-side Response by : Christos Papazoglou

Download or read book Exchange Rate Policies, Prices and Supply-side Response written by Christos Papazoglou and published by Springer. This book was released on 2001-05-15 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, based upon a large-scale research project, examines alternative types of exchange rate policies being pursued and the changing nature of exchange rate policy during the transition process in four countries, Slovenia, Bulgaria, Poland and the Czech Republic. The book brings together a series of original contributions by country experts and draws out some common themes and over-arching policy implications for the operation of exchange rate policy in the transition process.

Foreign Trade in the Transition

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Publisher : World Bank Publications
ISBN 13 : 9780821336113
Total Pages : 76 pages
Book Rating : 4.3/5 (361 download)

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Book Synopsis Foreign Trade in the Transition by : Bart?omiej Kami?ski

Download or read book Foreign Trade in the Transition written by Bart?omiej Kami?ski and published by World Bank Publications. This book was released on 1996-01-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Discussion Paper No. 323. Presents a framework for evaluating the level and composition of public expenditures. The paper applies the framework to the analysis of intrasectoral allocations within key sectors, intersectoral allocations across sectors, and allocations for major cross-sectoral expenditure categories. It identifies the elements that should be an integral part of an ongoing exercise in analyzing the level and composition of public spending and highlights the importance of the institutional policy environment that determines these allocations and their outcomes.

Exchange Rates and Economic Policy in the 20th Century

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Publisher : Routledge
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Exchange Rates and Economic Policy in the 20th Century by : Ross Catterall

Download or read book Exchange Rates and Economic Policy in the 20th Century written by Ross Catterall and published by Routledge. This book was released on 2004 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The themes of this study are the exchange rate regimes chosen by policy makers in the twentieth century, the means used to maintain these regimes, and the impact of these decisions on individual national economies and the world economy in general. The book draws heavily on new research showing the lessons and the legacy left for policy makers by the gold standard and the attempt at its resurrection in the 1920s. In examining issues such as the gold exchange standard, the gold bullion standard, the experience of floating exchange rates, the Bretton Woods arrangements, the EMS and the ERM, and the Currency Board approach, there is a conscious attempt to draw out the relevance of history for policy makers now.

Macroeconomic Conditions and Import Surcharges in Selected Transition Economies

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Publisher : International Monetary Fund
ISBN 13 : 1451848277
Total Pages : 24 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Macroeconomic Conditions and Import Surcharges in Selected Transition Economies by : Ms.Piritta Sorsa

Download or read book Macroeconomic Conditions and Import Surcharges in Selected Transition Economies written by Ms.Piritta Sorsa and published by International Monetary Fund. This book was released on 1999-05-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis on macroeconomic determinants of protection in the Czech and Slovak Republics, Hungary, and Poland, while subject to many caveats, suggests that appreciation of the real exchange rate was the main macroeconomic determinant of trade policy reversals in the 1990s. This suggests that balance of payments difficulties may have been used as an excuse for protection. The analysis also suggests that greater exchange rate flexibility and tighter fiscal policies could have been used instead of import surcharges to deal with external imbalances. The surcharges may only have aggravated the external balance by slowing down exports and restructuring of production.

Exchange Rate Regimes in an Increasingly Integrated World Economy

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Publisher :
ISBN 13 : 9781557758927
Total Pages : 61 pages
Book Rating : 4.7/5 (589 download)

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Book Synopsis Exchange Rate Regimes in an Increasingly Integrated World Economy by : International Monetary Fund Washington D C

Download or read book Exchange Rate Regimes in an Increasingly Integrated World Economy written by International Monetary Fund Washington D C and published by . This book was released on 2000 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper builds upon previous International Monetary Fund (IMF) studies on various aspects of the exchange rate arrangements of IMF member countries consistent with the IMF's role of surveillance of members' exchange rate policies and over the international monetary system.The paper examines the consequences of increased capital mobility and of the integration of developing economies in globalised goods and financial markets for the exchange rate regimes both of the world's major currencies and of developing and transition countries.

Exchange Rate Regimes and the Stability of the International Monetary System

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145198524X
Total Pages : 49 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Exchange Rate Regimes and the Stability of the International Monetary System by : Mr. Atish R. Ghosh

Download or read book Exchange Rate Regimes and the Stability of the International Monetary System written by Mr. Atish R. Ghosh and published by International Monetary Fund. This book was released on 2010-04-26 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and capital, and to sustain sound economic growth. The paper reviews the stability of the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external adjustment, trade integration, capital flows); and potential sources of stress to the international monetary system.

Evolution and Performance of Exchange Rate Regimes

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Publisher : International Monetary Fund
ISBN 13 : 1451875843
Total Pages : 85 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Evolution and Performance of Exchange Rate Regimes by : Mr.Kenneth Rogoff

Download or read book Evolution and Performance of Exchange Rate Regimes written by Mr.Kenneth Rogoff and published by International Monetary Fund. This book was released on 2003-12-01 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.

Terms of Trade Shocks and Economic Recovery

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Terms of Trade Shocks and Economic Recovery by : Norbert Funke

Download or read book Terms of Trade Shocks and Economic Recovery written by Norbert Funke and published by International Monetary Fund. This book was released on 2008 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies factors that contribute to a fast recovery in growth after persistent negative terms of trade shocks, using a sample of 159 countries for 1970-2006. The results suggest that policies matter. Fast recoveries are fairly robustly related to real exchange rate depreciation and improvements in government stability and the institutional environment. A timely increase in aid may also support recovery.