The Experience of East European Countries with Different Exchange-rate Regimes

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis The Experience of East European Countries with Different Exchange-rate Regimes by : Maciej Krzak

Download or read book The Experience of East European Countries with Different Exchange-rate Regimes written by Maciej Krzak and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fixed Ideas of Money

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Publisher : Cambridge University Press
ISBN 13 : 9781107616370
Total Pages : 0 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Fixed Ideas of Money by : Tobias Straumann

Download or read book Fixed Ideas of Money written by Tobias Straumann and published by Cambridge University Press. This book was released on 2014-01-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most European countries are rather small, yet we know little about their monetary history. This book analyses for the first time the experience of seven small states (Austria, Belgium, Denmark, the Netherlands, Norway, Sweden, and Switzerland) during the last hundred years, starting with the restoration of the gold standard after World War I and ending with Sweden's rejection of the Euro in 2003. The comparative analysis shows that for the most part of the twentieth century the options of policy makers were seriously constrained by a distinct fear of floating exchange rates. Only with the crisis of the European Monetary System (EMS) in 1992-93 did the idea that a flexible exchange rate regime was suited for a small open economy gain currency. The book also analyses the differences among small states and concludes that economic structures or foreign policy orientations were far more important for the timing of regime changes than domestic institutions and policies.

Emigration and Its Economic Impact on Eastern Europe

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Publisher : International Monetary Fund
ISBN 13 : 1498367453
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Emigration and Its Economic Impact on Eastern Europe by : Mr.Ruben Atoyan

Download or read book Emigration and Its Economic Impact on Eastern Europe written by Mr.Ruben Atoyan and published by International Monetary Fund. This book was released on 2016-07-20 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth and income convergence to advanced Europe. While emigration has likely benefited migrants themselves, the receiving countries and the EU as a whole, its impact on sending countries’ economies has been largely negative. The analysis suggests that labor outflows, particularly of skilled workers, lowered productivity growth, pushed up wages, and slowed growth and income convergence. At the same time, while remittance inflows supported financial deepening, consumption and investment in some countries, they also reduced incentives to work and led to exchange rate appreciations, eroding competiveness. The departure of the young also added to the fiscal pressures of already aging populations in Eastern Europe. The paper concludes with policy recommendations for sending countries to mitigate the negative impact of emigration on their economies, and the EU-wide initiatives that could support these efforts.

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.

Collected Works of Domenico Mario Nuti, Volume I

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Publisher : Springer Nature
ISBN 13 : 3031123344
Total Pages : 620 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Collected Works of Domenico Mario Nuti, Volume I by : Saul Estrin

Download or read book Collected Works of Domenico Mario Nuti, Volume I written by Saul Estrin and published by Springer Nature. This book was released on 2023-05-20 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the first of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti’s career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to socialist economic systems, and the transition of former socialist countries to market economies. This book, through the inclusion of an introduction, aims to contextualise his ideas and illustrate their continued relevance. It will be of wide interest to students and researchers.

The Crawling Band as an Exchange Rate Regime

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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.

Handbook of Development Economics

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Publisher : Elsevier
ISBN 13 : 0080931723
Total Pages : 1066 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of Development Economics by : Dani Rodrick

Download or read book Handbook of Development Economics written by Dani Rodrick and published by Elsevier. This book was released on 2009-11-09 with total page 1066 pages. Available in PDF, EPUB and Kindle. Book excerpt: What guidance does academic research really provide to economic policy development? The critical and analytical surveys in this volume investigate links between policies and outcomes by surveying work from broad macroeconomic policies to interventions in microfinance. Asserting that there are no universal correspondences between policies and outcomes, contributors demonstrate instead that only an intense familiarity with the development context and the universe of applicable economic models can generate successful policies. Getting cause-and-effect right is essential for policy design and implementation. With the goal of drawing researchers and policy makers closer, this volume highlights our increasing understanding of ways to combine economic theorizing with careful, thoughtful empirical work. - Presents an accurate, self-contained survey of the current state of the field - Summarizes the most recent discussions, and elucidates new developments - Although original material is also included, the main aim is the provision of comprehensive and accessible surveys

New Developments of the Exchange Rate Regimes in Developing Countries

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Publisher : Springer
ISBN 13 : 023062555X
Total Pages : 272 pages
Book Rating : 4.2/5 (36 download)

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Book Synopsis New Developments of the Exchange Rate Regimes in Developing Countries by : H. Mitsuo

Download or read book New Developments of the Exchange Rate Regimes in Developing Countries written by H. Mitsuo and published by Springer. This book was released on 2006-11-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents theoretical and empirical analyses of the new developments in exchange rate regimes in developing countries since the 1990s. It addresses a variety of exchange rate regimes from hard peg to floating and their impact in regions such as East Asia, Latin America and Eastern Europe.

Euro Adoption in Central and Eastern Europe

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Publisher : International Monetary Fund
ISBN 13 : 9781589063709
Total Pages : 222 pages
Book Rating : 4.0/5 (637 download)

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Book Synopsis Euro Adoption in Central and Eastern Europe by : Ms.Susan Schadler

Download or read book Euro Adoption in Central and Eastern Europe written by Ms.Susan Schadler and published by International Monetary Fund. This book was released on 2005-04-18 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eight central and eastern European countries--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, and Slovenia--officially joined the European Union (EU) in May 2004. This auspicious milestone marked the beginning of the next major step for these countries in their move toward full integration with the EU-adoption of the euro. Seeking to consider the opportunities and challenges of euro adoption, the papers in this volume--by a noted group of country officials, academics, representatives of international institutions, and market participants-offer insight on the various dimensions of euro adoption in these eight new EU members--how they should prepare, whether an early move is optimal, and what pitfalls may occur along the way.

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.

European Economic Integration and South-East Europe

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781845428129
Total Pages : 424 pages
Book Rating : 4.4/5 (281 download)

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Book Synopsis European Economic Integration and South-East Europe by : Klaus Liebscher

Download or read book European Economic Integration and South-East Europe written by Klaus Liebscher and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a collection of contributions, combining authoritative views of central bank officials and policymakers, topical empirical evidence from academia and refreshing practical insights from companies doing business in the area. This book will be useful to economists as well as those generally interested in the future of the EU.

Too Sensational

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Publisher : MIT Press
ISBN 13 : 9780262262118
Total Pages : 292 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Too Sensational by : W. Max Corden

Download or read book Too Sensational written by W. Max Corden and published by MIT Press. This book was released on 2004-08-20 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational, W. Max Corden presents a systematic and accessible overview of the choice of exchange rate regimes. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy. Building on the theory of optimum currency areas, Corden develops an analytic framework of three approaches (nominal anchor, real targets, and exchange rate stability) and three polar exchange rate regimes (absolutely fixed, pure floating, and fixed but adjustable). He considers all other regimes to be mixtures of two or three of the polar regimes. Beginning with theory and later turning to case studies of countries in Asia, Europe, and Latin America, Corden focuses on how economies react to negative and positive shocks under various exchange rate regimes. He examines in particular the Asian and Latin American currency crises of the 1990s. He concludes that although "too sensational" crises have discredited fixed but adjustable regimes, the extremes of absolutely fixed regimes or pure floating regimes need not be chosen.

Inclusion of Central European Countries in the European Monetary Union

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Publisher : Springer Science & Business Media
ISBN 13 : 1461550734
Total Pages : 228 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Inclusion of Central European Countries in the European Monetary Union by : Paul C. de Grauwe

Download or read book Inclusion of Central European Countries in the European Monetary Union written by Paul C. de Grauwe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of the European Economic and Monetary Union (EMU) and the introduction of the euro is a historical event for the EU countries. The debates on the desirability of the EMU provoked a vast economic literature dealing with the theory of the optimum currency area, costs and benefits of the EMU, symmetric vs. asymmetric shocks, alternative mechanisms of adjustment in a monetary union and so forth. Until recently, for the Central European candidate countries for a full membership in the EU, these issues seemed to be too far away, as they concentrated on devising their own monetary and exchange rate systems suitable for their transition period. The challenges of the EMU for the Central European countries were practically not dealt with in both Western and Eastern economic literature. The present book aims to fill this gap, by focusing on the most direct issue of relevance for the Central European countries with respect to the EMU - why, how and when these countries are expected to join the EMU. The papers included in this volume study the relationship between the EU accession process of the Central European candidate countries and their involvement in the process of European monetary integration.

Annual Survey of Eastern Europe and the Former Soviet Union: 1998

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Publisher : Taylor & Francis
ISBN 13 : 1040278671
Total Pages : 486 pages
Book Rating : 4.0/5 (42 download)

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Book Synopsis Annual Survey of Eastern Europe and the Former Soviet Union: 1998 by : Peter Rutland

Download or read book Annual Survey of Eastern Europe and the Former Soviet Union: 1998 written by Peter Rutland and published by Taylor & Francis. This book was released on 2024-11-01 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annual Survey at Eastern Europe and the Former Soviet Union 1998 provides an overview of developments in one of the most rapidly changing regions of the world. It covers useful historical background, as well as foreign policy issues, and profiles of key personalities in these regions.

The New Capital Markets in Central and Eastern Europe

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Publisher : Springer Science & Business Media
ISBN 13 : 3642565204
Total Pages : 539 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis The New Capital Markets in Central and Eastern Europe by : Michael Schröder

Download or read book The New Capital Markets in Central and Eastern Europe written by Michael Schröder and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: An excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.

Global Monetary and Economic Convergence

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Publisher : Routledge
ISBN 13 : 042985126X
Total Pages : 438 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Global Monetary and Economic Convergence by : Gusztáv Báger

Download or read book Global Monetary and Economic Convergence written by Gusztáv Báger and published by Routledge. This book was released on 2018-12-21 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published in 1998. Global convergence has many aspects. The first part of this volume deals with European convergence, the second with convergence especially between Eastern and Western Europe. The third part with practical and the fourth with theoretical issues related to Global Convergence. The last part juxtaposes Hayekian and Triffian economic thought. The first of these, the Hayekian relies exclusively on the profit motive of the only arbiter of the economic decision-making. The Triffians thought insists that satisfactory balances can be brought about only through racial negotiation among market participants within countries and on a global scale. The Hayek-Triffin juxtaposition gains particular importance at a time when capital mobility, labour and social mobility have reached hitherto new levels on a global scale and this challenges social coherence. This difference will put social coherence under unusual stress. The solution of the problems created will be the greatest challenge to economic, social and political statemanship during the 21st century.

Challenges at the Bank for International Settlements

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Publisher : Springer Science & Business Media
ISBN 13 : 3540727906
Total Pages : 365 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Challenges at the Bank for International Settlements by : Elmar B. Koch

Download or read book Challenges at the Bank for International Settlements written by Elmar B. Koch and published by Springer Science & Business Media. This book was released on 2007-10-20 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Challenges facing central bankers are expertly examined and analyzed. The book explores monetary policy and financial crisis as well as insolvency, collective action clauses, international mediation, and management of central banks. The author has worked as an economist at the Monetary and Economic Department of the Bank for International Settlements and as an international mediator for the Secretariat of the G10 Ministers and Governors.