Limiting Currency Volatility to Stimulate Goods Market Integration

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

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Book Synopsis Limiting Currency Volatility to Stimulate Goods Market Integration by : David C. Parsley

Download or read book Limiting Currency Volatility to Stimulate Goods Market Integration written by David C. Parsley and published by International Monetary Fund. This book was released on 2001-12 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically studies the effect of instrumental and institutional stabilization of the exchange rate on the integration of goods markets. An instrumental stabilization of the exchange rate is accomplished through intervention in the foreign exchange market, or by monetary policies. An institutional stabilization, is an adoption a currency board or a common currency. In contrast to the literature that employs data on the volume of trade, an important novelty of this paper is the use of a 3-dimensional panel of prices of 95 very disaggregated goods (e.g., light bulbs) in 83 cities from around the world from 1990 to 2000. We find that goods market integration is increasing over time and is inversely related to distance, exchange rate variability, and tariff barriers. In addition, the impact of an institutional stabilization of the exchange rate provides a stimulus to goods market integration that goes far beyond an instrumental stabilization. Among the institutional arrangements, long-term currency unions demonstrate greater integration than more recent currency boards. All of them can improve their integration further relative to a U.S. benchmark.

Limiting Currency Volatility to Stimulate Goods Markets Integration: a Price Based Approach

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (67 download)

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Book Synopsis Limiting Currency Volatility to Stimulate Goods Markets Integration: a Price Based Approach by : David C. Parsley

Download or read book Limiting Currency Volatility to Stimulate Goods Markets Integration: a Price Based Approach written by David C. Parsley and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Limiting Currency Volatility to Simulate Goods Market Integration

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Limiting Currency Volatility to Simulate Goods Market Integration by : David C. Parsley

Download or read book Limiting Currency Volatility to Simulate Goods Market Integration written by David C. Parsley and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

Monetary Unions and Hard Pegs

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Publisher : Oxford University Press, USA
ISBN 13 : 0199271402
Total Pages : 399 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Monetary Unions and Hard Pegs by : George M. von Furstenberg

Download or read book Monetary Unions and Hard Pegs written by George M. von Furstenberg and published by Oxford University Press, USA. This book was released on 2004-03-25 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial services with global reach are becoming ever more important in the conduct and organization of the trade and investment of nations, and currencies that lack international standing lose out in this business. The result of financial development has been destabilizing currency and portfolio substitution -- in favour of international currencies and against local ones.This book analyses formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability. The authors discuss hard pegs such as those attempted by the currency board of Argentina, outright dollarization, such as in Ecuador, and multilateral monetary union, as in Europe, the least reversible form of monetary union and the most powerful elixir offinancial integration and trade.The political classes and central banks in most countries have been reluctant to admit the market- and technology-driven forces of currency consolidation, much less yield to them. International financial institutions too are still in the habit of proffering advice about national monetary and exchange-rate policies on the assumption that getting rid of both is not even an option. Emerging-market countries, in particular, have to choose between retaining what independent monetary means they stillhave -- and can safely use in the presence of widespread liability dollarization and currency mismatches -- and formally replacing the domestic with an international currency to reduce exposure to debilitating financial crises. In concrete investigations of this choice, this volume shows thatmonetary union deserves a much more sympathetic hearing.

Market Volatility and Foreign Exchange Intervention in EMEs

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Publisher :
ISBN 13 : 9789291319626
Total Pages : 0 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Market Volatility and Foreign Exchange Intervention in EMEs by : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico

Download or read book Market Volatility and Foreign Exchange Intervention in EMEs written by Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Elements of International Economics

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Publisher : Springer Science & Business Media
ISBN 13 : 3662070057
Total Pages : 350 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Elements of International Economics by : Giancarlo Gandolfo

Download or read book Elements of International Economics written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2013-04-09 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern economies become more and more open and the external sector of an economy becomes more and more important. This textbook aims at clarify ing how an open economy functions, in particular at explaining the determi nants of international fiows of commodities and financial assets. It also aims at examining the effects of these fiows on the domestic and international econ omy and the possible policy acti.ons at the national and international level. Particular attention will be paid to the problems of international economic at both the commercial and monetary level. integration Students will be able to read and interpret the balance of payments of a country, evaluating the various types of balance, to explain the behaviour of commercial fiows in the light of the theories studied, to analyze fiows of financial assets according to interest-rate differentials and other elements, to study the forces that determine exchange rates and cause currency crises, to understand the reasons behind international economic integration such as the European Union, to evaluate the effects of national and international policies.

Commodity Prices and Markets

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Publisher : University of Chicago Press
ISBN 13 : 0226386899
Total Pages : 346 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Commodity Prices and Markets by : Takatoshi Ito

Download or read book Commodity Prices and Markets written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2011-03 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.

登顶比赛:理解中国经济发展的机制

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Author :
Publisher : BEIJING BOOK CO. INC.
ISBN 13 :
Total Pages : 625 pages
Book Rating : 4./5 ( download)

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Book Synopsis 登顶比赛:理解中国经济发展的机制 by : 张军

Download or read book 登顶比赛:理解中国经济发展的机制 written by 张军 and published by BEIJING BOOK CO. INC.. This book was released on 2021-11-12 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: 本书为了解中国经济增长到底是怎么回事,地方政府在经济发展中的角色内容,中央与地方关系的调整等提供了经验借鉴。具体内容包括:中国为什么具有良好的基础设施、出口退税政策与中国加工贸易的发展、财政分权与中国经济增长的效率、财政转移支付的增长效应、财政转移支付与腐败等。

Competition Policy and Regulation

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 0857930818
Total Pages : 369 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Competition Policy and Regulation by : Michael Faure

Download or read book Competition Policy and Regulation written by Michael Faure and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique book considers competition policy and regulation in light of the recent introduction of the anti-monopoly law in China. It addresses the relevance of competition policy for China from a broad theoretical and practical perspective, bringing together lawyers and economists from China, Europe and the US to provide an integrated law and economics approach. Given that the development of the Chinese anti-monopoly law in China was heavily reliant on a comparative approach, the contributors analyse how its text and practice actually compare to European and US legislation. The first cases in which Chinese anti-monopoly law were applied are explored, and both competition law and competition policy are discussed in detail. Topics include: industrial and professional regulation and their relationship to competition law, merger control, substantive competition law issues, cartels, and abuse of dominance and predation. This unique book will prove a fascinating read for competition lawyers, economists with a special interest in regulation and competition, and for practitioners concerned with competition policy and regulation.

Towards A Common Future

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Publisher : Springer
ISBN 13 : 9811055920
Total Pages : 366 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Towards A Common Future by : Arindam Banik

Download or read book Towards A Common Future written by Arindam Banik and published by Springer. This book was released on 2017-09-08 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the tremendous shift in both economic growth and development progress taking place towards the Asia-Pacific Region. Each of the countries in the region has various concerns and challenges for its sustainable development, a common goal most of them are trying to achieve at the moment. Interestingly, sustainable development in the region may be critical for achieving sustainable development at the global level as well. With a limited mandate, the book covers some specific developmental issues of ‘the hot spots’ of APR that are regarded to be contributing to their sustainable development. The book also looks at the formation and strengthening of some economic and financial initiatives with the potentials to affect growth and influence economic cooperation and integration of the countries in the region.

The Asymmetries of Globalization

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Publisher : Routledge
ISBN 13 : 1134109938
Total Pages : 295 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis The Asymmetries of Globalization by : Pan Yotopoulos

Download or read book The Asymmetries of Globalization written by Pan Yotopoulos and published by Routledge. This book was released on 2007-01-24 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: The discourse on globalization has become polarized. Proponents consider globalization as the silver bullet for targeting growth in the world economy and for poor countries specifically, while opponents see it as the poisoned arrow of exploitation and impoverishment of the Third World. Splendidly edited, The Asymmetries of Globalization deals with the 'what' and 'how' but primarily with 'why' globalization has most often negative outcomes for developing countries. It breaks new ground in approaching globalization not only as trade commodities, but also as trade in positional goods ('decommodified trade.') The two novel and munificent forms of post-Ricardian decommodified trade, trade in services and trade in hard currency in the form of currency substitution, are sculpted in the introductory chapter as the foundation of the systematic asymmetries of globalization. The analytical approach of introducing 'positional goods' in the form of decommodified trade, in the discource on globalization, is original. It is also timely in a situation where the tail of trade in 'services' has grown enough to wag the traditional trade-in-commodities dog of globalization. The balance of the chapters in this volume constitute a tapestry of case studies that elaborate and empirically investigate the causes of systematic asymmetries of globalization. The book's appeal transcends economics to make it also highly useful to students across the disciplines of sociology and political science, especially in the fields of international political economy and the politics of international trade. It will certainly enlighten all those working in the general areas of globalization, poverty and economic development.

Aspects of Globalisation

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Publisher : Springer Science & Business Media
ISBN 13 : 1441988815
Total Pages : 255 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Aspects of Globalisation by : Christopher Tsoukis

Download or read book Aspects of Globalisation written by Christopher Tsoukis and published by Springer Science & Business Media. This book was released on 2011-06-28 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting on the breadth of its scope, Aspects of Globalisation is intended to serve a varied audience. Being at the forefront of research, it should appeal to academics, researchers and postgraduate students interested in new approaches and ideas for future research. To this end, the editors have encouraged the contributors to pursue varied themes and raise new issues, approach their subject matter in an analytically rigorous way, and to include fairly extended review sections within their papers, so as to make them useful to a wider readership. Furthermore, diverse methodologies are followed, including the widespread use of state-of-the-art econometrics, reflecting the recent trend in economic analysis. Equally importantly, many of the papers offer clear-cut policy conclusions and should therefore be of direct relevance to policy-minded analysts and policy-makers. We thus hope that the papers included here will provoke further research and ideas as well as contribute to ongoing policy debates. Its diversity, rigour and scope should be positive attributes of the volume and should make it a useful source of information for researchers and policy-makers alike.

Integration Development in the China Yangtze River Delta

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Publisher : Taylor & Francis
ISBN 13 : 1003800734
Total Pages : 280 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Integration Development in the China Yangtze River Delta by : Zhibiao Liu

Download or read book Integration Development in the China Yangtze River Delta written by Zhibiao Liu and published by Taylor & Francis. This book was released on 2023-11-29 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book systematically investigates the strategic significance and dynamic mechanisms present in the development of the Yangtze River Delta cluster, one of the major drivers of economic growth in China. The Yangtze River Delta is the most densely populated region in China, with the highest level of economic development. Against the background of China’s national strategy that aims to bolster and augment integrated development on the regional level, this study reviews the development process of the region and possible hindrances to further growth. From a wide array of dimensions, it assesses the key influencing factors, including institutional construction, governance mechanisms, spatial layout, government and corporate competition, the market environment, industrial linkages and synergies, collaborative innovation, public service, and social networks. Based on theoretical analysis and empirical studies, the book advances policy suggestions that help to solve the challenges for integrated development in the region. The volume will benefit scholars and students, as well as investors, business observers, and policy makers interested in the Chinese economy, regional economics, industrial economics, and economic geography.

Regional Integration and Governance Reshuffling in the Making of China’s City-Regions

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Author :
Publisher : Springer Nature
ISBN 13 : 9819927927
Total Pages : 284 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Regional Integration and Governance Reshuffling in the Making of China’s City-Regions by : Xianchun Zhang

Download or read book Regional Integration and Governance Reshuffling in the Making of China’s City-Regions written by Xianchun Zhang and published by Springer Nature. This book was released on 2023-08-07 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book for the first time thoroughly investigates the extent of economic and institutional integrations and the underlying governance reshuffling process of China’s city-regionalism. By using the Shenzhen-Dongguan-Huizhou sub-region (SDH) in southern China as an empirical case, this book provides convincing evidence that China’s city-regionalism is essentially a state-orchestrated and institution-based process. Perspectives from “market-industry-infrastructure” and multi-level governance (MLG) have been provided to systematically examine China’s city-regionalism. This book has essentially made a definitive contribution to China’s regional governance. Methodologically, it shows how China’s city-regionalism can be examined through a problem-solving and case-by-case paradigm, through building a bridge between an empirical slogan and an inclusive theoretical term for institutional integration and through MLG and its integrative approaches in China. Exhilarating findings are presented using extensive tables, graphs, and maps along with the integration of quantitative and qualitative methods. Undergraduates, graduates, and researchers who are interested in China’s city-regionalism and regional governance would be the readership of the book, and officers from different levels of government as well as policymakers will find the book inspiring.

Financial Globalization and the Emerging Market Economy

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Author :
Publisher : Routledge
ISBN 13 : 1134333161
Total Pages : 374 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Financial Globalization and the Emerging Market Economy by : Dilip K. Das

Download or read book Financial Globalization and the Emerging Market Economy written by Dilip K. Das and published by Routledge. This book was released on 2004-01-22 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi

How State-owned Enterprises Drag on Economic Growth

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Publisher : Springer
ISBN 13 : 366259188X
Total Pages : 142 pages
Book Rating : 4.6/5 (625 download)

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Book Synopsis How State-owned Enterprises Drag on Economic Growth by : Ruiming Liu

Download or read book How State-owned Enterprises Drag on Economic Growth written by Ruiming Liu and published by Springer. This book was released on 2019-04-24 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a series of studies, this book shows that ownership structure plays a major role in the national economy as a whole. Inefficient State Owned Enterprises (SOE's) damage the development of private enterprises and overall economic growth in various ways. The policy implications are very clear: in order to achieve healthy and fast economic development, there must be a radical reform of SOEs. Moreover, the aim of the SOE reform is not just to highlight the enterprises’ efficiency, but also create favorable conditions for financial deregulation, elimination of market segmentation, weakened market monopoly, and balanced regional economic development. The book argues that SOE reform is pivotal to stimulating general economic reform and development in order for China to achieve a smooth transition to a mature market economy.