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Author : Daniel Cohen
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.X/5 (2 download)
Download or read book Price and Trade Effects of Exchange Rate Fluctuations and the Design of Policy Coordination written by Daniel Cohen and published by . This book was released on 1990 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William H. Branson
Publisher : University of Chicago Press
ISBN 13 : 0226071383
Total Pages : 396 pages
Book Rating : 4.2/5 (26 download)
Download or read book International Policy Coordination and Exchange Rate Fluctuations written by William H. Branson and published by University of Chicago Press. This book was released on 2007-12-01 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
Author : Peter B. Kenen
Publisher : Manchester University Press
ISBN 13 : 9780719030390
Total Pages : 136 pages
Book Rating : 4.0/5 (33 download)
Download or read book Exchange Rates and Policy Coordination written by Peter B. Kenen and published by Manchester University Press. This book was released on 1989 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr. Marco Airaudo
Publisher : International Monetary Fund
ISBN 13 : 1475523165
Total Pages : 65 pages
Book Rating : 4.4/5 (755 download)
Download or read book Inflation Targeting and Exchange Rate Management In Less Developed Countries written by Mr. Marco Airaudo and published by International Monetary Fund. This book was released on 2016-03-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Author : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Publisher :
ISBN 13 : 9789291319626
Total Pages : 0 pages
Book Rating : 4.3/5 (196 download)
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:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451844239
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)
Download or read book Coordination of Monetary and Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-03-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
Author : George Alogoskoufis
Publisher : Cambridge University Press
ISBN 13 : 9780521405270
Total Pages : 428 pages
Book Rating : 4.4/5 (52 download)
Download or read book External Constraints on Macroeconomic Policy written by George Alogoskoufis and published by Cambridge University Press. This book was released on 1991 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book from the Centre for Economic Policy Research deals with the implications of the exchange rate regimes and capital flows of the 1990s for government macroeconomic policy-making and EC policy co-ordination.
Author : Nigel Healey
Publisher : Routledge
ISBN 13 : 1134838921
Total Pages : 336 pages
Book Rating : 4.1/5 (348 download)
Download or read book The Economics of the New Europe written by Nigel Healey and published by Routledge. This book was released on 1995-05-04 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe is in a period of rapid transition. The Single European Market has been completed, and many barriers to the free mvoement of goods, services, labour and capital have been removed. However the moves towards deeper European union, with full monetary union by 1999, have proved more problematic. Outside the EU, the collapse of communism has adde
Author : Mr.Thomas Krueger
Publisher : International Monetary Fund
ISBN 13 : 9781557756640
Total Pages : 580 pages
Book Rating : 4.7/5 (566 download)
Download or read book EMU and the International Monetary System written by Mr.Thomas Krueger and published by International Monetary Fund. This book was released on 1997-09-10 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, edited by Paul R. Masson, Thomas Krueger, and Bart G. Turtelboom, contains the proceedings of the seminar held in Washington, D.C. on March 17-18, 1997, cosponsored by the IMF and Fondation Camille Gutt. Conference participants discussed implications of European Economic and Monetary Union (EMU) on exchange and financial markets, and consequently on the activities of market participants and private and official institutions. The five main themes of the seminar were the characteristics of the euro and its potential role as an international currency; EMU and international policy coordination; EMU and the relationship between the IMF and its EMU members; lessons of European monetary integration for the international monetary system; and the transitioin to EMU.
Author : Romain Lafarguette
Publisher : International Monetary Fund
ISBN 13 : 1513569406
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)
Download or read book Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework written by Romain Lafarguette and published by International Monetary Fund. This book was released on 2021-02-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
Author : Mr.Dennis P. J. Botman
Publisher : International Monetary Fund
ISBN 13 : 1475513429
Total Pages : 21 pages
Book Rating : 4.4/5 (755 download)
Download or read book The Curious Case of the Yen as a Safe Haven Currency written by Mr.Dennis P. J. Botman and published by International Monetary Fund. This book was released on 2013-11-06 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stance can explain the yen’s safe haven behavior. In contrast, we find evidence that changes in market participants’ risk perceptions trigger derivatives trading, which in turn lead to changes in the spot exchange rate without capital flows. Specifically, we find that risk-off episodes coincide with forward hedging and reduced net short positions or a buildup of net long positions in yen. These empirical findings suggest that offshore and complex financial transactions should be part of spillover analyses and that the effectiveness of capital flow management measures or monetary policy coordination to address excessive exchange rate volatility might be limited in certain cases.
Author : Daniel Cohen
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 ( download)
Download or read book Price and Trade Effects of Exchange Rates Fluctuations and the Design of Policy Coordination written by Daniel Cohen and published by . This book was released on 1990 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : B Guy Peters
Publisher : SAGE
ISBN 13 : 1446206785
Total Pages : 525 pages
Book Rating : 4.4/5 (462 download)
Download or read book Handbook of Public Policy written by B Guy Peters and published by SAGE. This book was released on 2006-07-20 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: ′The new handbook by Peters and Pierre provides an invaluable addition to the literature. It offers new scholars and practitioners a means to navigate many of the complex theoretical and practical issues in contemporary policy analysis′ - Mark Considine, University of Melbourne The public policies of governments affect the lives and livelihoods of citizens every day in every country around the world. This handbook provides a comprehensive review and guide to the study, theory and practice of public policy today. Section One, Making Policy, introduces the policy making process - the means by which public policies are formulated, adopted and implemented - and serves to review the many competing conceptualizations within the field. Section Two, Substantive Policy Areas, focuses on a number of substantive policy areas to consider both diversity and commonalties across different sectoral policy areas. Section Three, Evaluating Public Policy, addresses issues of policy analysis more directly and assesses successes and failures in public policy in an attempt to answer the question ′what is good policy?′. The concluding chapter considers the different disciplinary contributions to the research and study of public policy both retrospectively and prospectively. Drawing contributions from leading academics and policy analysts from around the world, the handbook illustrates the changing role of governments vis-à-vis the public and private sector and the different policy actors (national and international, governmental and non-governmental) involved in the policy making process. It will be an essential companion for all advanced undergraduates, graduates, academics and practitioners across public policy and public administration, public management, government and political science.
Author : Maurice Obstfeld
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (318 download)
Download or read book Exchange Rate Dynamics Redux written by Maurice Obstfeld and published by . This book was released on 1995 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bibliothèque centrale (Fonds Quetelet)
Publisher :
ISBN 13 :
Total Pages : 550 pages
Book Rating : 4.F/5 ( download)
Download or read book Aanwinsten van de Centrale Bibliotheek (Queteletfonds) written by Bibliothèque centrale (Fonds Quetelet) and published by . This book was released on 2001 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Emerson
Publisher :
ISBN 13 : 9780198773245
Total Pages : 356 pages
Book Rating : 4.7/5 (732 download)
Download or read book One Market, One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.
Author : Jeffry A. Frieden
Publisher : Princeton University Press
ISBN 13 : 1400865344
Total Pages : 318 pages
Book Rating : 4.4/5 (8 download)
Download or read book Currency Politics written by Jeffry A. Frieden and published by Princeton University Press. This book was released on 2014-12-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
