Lessons from Haiti’s Recent Exchange Rate Developments

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Lessons from Haiti’s Recent Exchange Rate Developments by : Ms. Rina Bhattacharya

Download or read book Lessons from Haiti’s Recent Exchange Rate Developments written by Ms. Rina Bhattacharya and published by International Monetary Fund. This book was released on 2022-11-11 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: From August to October 2020, the Haitian authorities were successful at bringing about a sharp appreciation in the gourde/U.S. dollar exchange rate. This paper analyzes the factors behind this appreciation and its spillovers on the economy. It finds that foreign exchange surrender requirements had a statistically significant effect on the nominal exchange rate, while foreign exchange intervention by the central bank did not. Surrender requirements were also found to have raised trading costs and volatility in the foreign exchange market and contributed to the development of a wider parallel nominal exchange rate premium. This appreciation contributed to a decline in headline inflation during the episode while delivering some fuel subsidy-related savings to the government. Remittance-dependent households and exporters saw a drop in their purchasing power, and Haiti’s net external buffers were adversely affected. Following from these findings, the paper offers recommendations on ways to facilitate foreign exchange management and boost external sustainability while contributing to the central bank’s overall policy objectives.

The Crawling Band as an Exchange Rate Regime

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881322316
Total Pages : 204 pages
Book Rating : 4.3/5 (223 download)

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Book Synopsis The Crawling Band as an Exchange Rate Regime by : John Williamson

Download or read book The Crawling Band as an Exchange Rate Regime written by John Williamson and published by Peterson Institute. This book was released on 1996 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines in detail the experiences of three countries that have in recent years operated exchange rate systems of "crawling bands," similar in spirit to the target zones that the author has recommended in the past. Williamson compares the succcessful experiences of 3 countries that have operated crawling bands with 15 similar countries and concludes that the crawling band exchange-rate policy has been an important element in their success. The study includes a manual for managing crawling bands.

International Monetary Cooperation

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327123
Total Pages : 456 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis International Monetary Cooperation by : C. Fred Bergsten

Download or read book International Monetary Cooperation written by C. Fred Bergsten and published by Peterson Institute for International Economics. This book was released on 2016-04-07 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: In September 1985, emissaries of the world's five leading industrial nations—the United States, Britain, France, Germany, and Japan—secretly gathered at the Plaza Hotel in New York City and unveiled an unprecedented effort to correct the largest set of current account and exchange rate imbalances that had ever threatened the world economy. The Plaza Accord is credited with sharply realigning exchange rates, significantly reducing current account imbalances, and countering protectionist pressures in the United States. But did the Accord provide a foundation for ongoing international financial stability and policy coordination? Or was it simply a unique one-time coincidence of national interests? The Plaza experience continues to inform today's debates about the limits and possibilities of international monetary cooperation. In late 2015, leading policymakers and economists—including those who were involved in the Accord's design, negotiation, and implementation—held a Plaza Retrospective conference at the Baker Institute for Public Policy to evaluate the Accord's legacy and how its collaborative spirit can be applied today. This volume presents their views and analyses to provide guidance for a time when the world again faces the prospect of currency disequilibria, growing imbalances, trade policy reactions, and thus uncertainty for both the global economy and world politics.

China’s Evolving Exchange Rate Regime

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Publisher : International Monetary Fund
ISBN 13 : 1498302025
Total Pages : 31 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis China’s Evolving Exchange Rate Regime by : Mr.Sonali Das

Download or read book China’s Evolving Exchange Rate Regime written by Mr.Sonali Das and published by International Monetary Fund. This book was released on 2019-03-07 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.

Creating a Learning Society

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Author :
Publisher : Columbia University Press
ISBN 13 : 0231540620
Total Pages : 427 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Creating a Learning Society by : Joseph E. Stiglitz

Download or read book Creating a Learning Society written by Joseph E. Stiglitz and published by Columbia University Press. This book was released on 2015-10-06 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A superb new understanding of the dynamic economy as a learning society, one that goes well beyond the usual treatment of education, training, and R&D.”—Robert Kuttner, author of The Stakes: 2020 and the Survival of American Democracy Since its publication Creating a Learning Society has served as an effective tool for those who advocate government policies to advance science and technology. It shows persuasively how enormous increases in our standard of living have been the result of learning how to learn, and it explains how advanced and developing countries alike can model a new learning economy on this example. Creating a Learning Society: Reader’s Edition uses accessible language to focus on the work’s central message and policy prescriptions. As the book makes clear, creating a learning society requires good governmental policy in trade, industry, intellectual property, and other important areas. The text’s central thesis—that every policy affects learning—is critical for governments unaware of the innovative ways they can propel their economies forward. “Profound and dazzling. In their new book, Joseph E. Stiglitz and Bruce C. Greenwald study the human wish to learn and our ability to learn and so uncover the processes that relate the institutions we devise and the accompanying processes that drive the production, dissemination, and use of knowledge . . . This is social science at its best.”—Partha Dasgupta, University of Cambridge “An impressive tour de force, from the theory of the firm all the way to long-term development, guided by the focus on knowledge and learning . . . This is an ambitious book with far-reaching policy implications.”—Giovanni Dosi, director, Institute of Economics, Scuola Superiore Sant’Anna “[A] sweeping work of macroeconomic theory.”—Harvard Business Review

Remittances and Development

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Publisher : World Bank Publications
ISBN 13 : 0821368710
Total Pages : 410 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Remittances and Development by : Pablo Fajnzylber

Download or read book Remittances and Development written by Pablo Fajnzylber and published by World Bank Publications. This book was released on 2008-02-08 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.

Social Finance

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Publisher : Springer
ISBN 13 : 3319913468
Total Pages : 241 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Social Finance by : Neil Shenai

Download or read book Social Finance written by Neil Shenai and published by Springer. This book was released on 2018-09-19 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do market participants construct stable markets? Why do crises that seem inevitable after-the-fact routinely take market participants by surprise? What forces trigger financial panics, and why does uncertainty lead to market volatility? How do economic elites respond to financial distress, and why are some regulatory interventions more effective than others? Social Finance: Shadow Banking during the Global Financial Crisis answers these questions by presenting a new, economic conventions-based model of financial crises. This model emerges from a theoretical synthesis of several intellectual traditions, including Keynesian epistemology, Hyman Minsky’s asset market theory, economic sociology, and international relations theory. Social Finance uses this new paradigm to explain instability in the global shadow banking system during the global financial crisis. And it presents the results of interviews with some of the world’s leading investors – who saw over $2 trillion in annual order flows and managed over $160 billion in assets – to provide first-hand accounts of markets in crisis. Written in accessible prose, Social Finance will appeal to a broad audience of academics, policymakers, and practitioners interested in understanding the drivers of financial stability in the twenty-first century.

The IMF and the Silent Revolution

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Publisher : International Monetary Fund
ISBN 13 : 9781557759702
Total Pages : 68 pages
Book Rating : 4.7/5 (597 download)

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Book Synopsis The IMF and the Silent Revolution by : Mr.James M. Boughton

Download or read book The IMF and the Silent Revolution written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 2000-09-11 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pamphlet is adapted from Chapter 1 of Silent Revolution: The International Monetary Fund, 1979-89, by the same author. That book is full of history of the evolution of the Fund during 11 years in which the institution truly came of age as a participant in the international financial system.

Lessons from NAFTA

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Publisher : World Bank Publications
ISBN 13 : 0821383744
Total Pages : 432 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Lessons from NAFTA by : Luis Serven

Download or read book Lessons from NAFTA written by Luis Serven and published by World Bank Publications. This book was released on 2004-11-15 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), 'Lessons from NAFTA' aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality. This book will be of interest to scholars and policymakers interested in international trade and development.

Global Waves of Debt

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Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Exchange Rate Volatility and Trade Flows--Some New Evidence

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Author :
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

Annual Report IICA 2000

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Publisher : IICA
ISBN 13 : 9789290395089
Total Pages : 112 pages
Book Rating : 4.3/5 (95 download)

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Book Synopsis Annual Report IICA 2000 by :

Download or read book Annual Report IICA 2000 written by and published by IICA. This book was released on with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Monetary Fund Annual Report 1957

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616351691
Total Pages : 217 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis International Monetary Fund Annual Report 1957 by : International Monetary Fund

Download or read book International Monetary Fund Annual Report 1957 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1957-09-02 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1957. The report highlights that boom conditions continued throughout 1956, sustained by an undercurrent of private business investment sufficiently strong to compensate for such weaknesses as appeared in some individual sectors. Any apprehensions, which might have been entertained in the early months of the year that the upward trend of business was soon to be reversed, were thus shown to be without foundation.

Resources in Education

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Publisher :
ISBN 13 :
Total Pages : 734 pages
Book Rating : 4.U/5 (183 download)

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Book Synopsis Resources in Education by :

Download or read book Resources in Education written by and published by . This book was released on 1997 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding Small-Island Developing States

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Publisher : Routledge
ISBN 13 : 1317965620
Total Pages : 207 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Understanding Small-Island Developing States by : Amelia Santos-Paulino

Download or read book Understanding Small-Island Developing States written by Amelia Santos-Paulino and published by Routledge. This book was released on 2013-10-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small island developing states (SIDS) are characterised by high economic, geographical and social vulnerability. These states are perceived as economically vulnerable, exhibiting poor economic performance, and embedding low levels of achieved well-being on most criteria. SIDS, which occupy very large parts of the world, face idiosyncratic development challenges largely owing to their susceptibility to external shocks. Still, these countries are all too often overlooked in the development research literature. Arising from a UNU-WIDER research project, this book provides in-depth research on the international dimensions of SIDS development experiences. Using a wealth of data, as well as case studies, the main topics examined comprise: aid, policies and growth; the costs of neglect, in terms of losses owing to a country falling into the fragile states group, of that country and those in its region; the composition of trade and the impact of external shocks, and the impact of remittances. The studies jointly provide valuable insights for small islands and other developing countries in the pursuit of sustainable growth and development. This book was published as a special issue of the Journal of Development Studies.

Parallel Currency Markets in Developing Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451943229
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Parallel Currency Markets in Developing Countries by : International Monetary Fund

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.

Growth in the Dominican Republic and Haiti

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451910800
Total Pages : 36 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Growth in the Dominican Republic and Haiti by : Laura Jaramillo

Download or read book Growth in the Dominican Republic and Haiti written by Laura Jaramillo and published by International Monetary Fund. This book was released on 2007-03-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dominican Republic and Haiti share the island of Hispaniola and are broadly similar in terms of geography and historical institutions, yet their growth performance has diverged remarkably. The countries had the same per capita real GDP in 1960 but, by 2005, the Dominican Republic''s per capita real GDP had tripled whereas that of Haiti had halved. Drawing on the growth literature, the paper explains this divergence through a combined approach that includes a panel regression to study growth determinants across a broad group of countries, and a case study framework to better understand the specific policy decisions and external conditions that have shaped economic outcomes in the Dominican Republic and Haiti. The paper finds that initial conditions cannot fully explain the growth divergence, but rather policy decisions have played a central role in the growth trends of the two countries. This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.