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Author : Sidney Weintraub
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (83 download)
Download or read book The Foreign-exchange Gap of the Developing Countries written by Sidney Weintraub and published by . This book was released on 1965 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Mohsin S. Khan
Publisher : International Monetary Fund
ISBN 13 : 1451931301
Total Pages : 40 pages
Book Rating : 4.4/5 (519 download)
Download or read book Foreign Currency Deposits and the Demand for Money in Developing Countries written by Mr.Mohsin S. Khan and published by International Monetary Fund. This book was released on 1992-01-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relative demands for domestic and foreign currency deposits by residents of developing countries. A dynamic currency substitution model that incorporates forward-looking rational expectations is formulated and then estimated for a group of ten developing countries. The results indicate that the foreign rate of interest and the expected rate of depreciation of the parallel market exchange rate are important factors in the choice between holding domestic money or switching to foreign currency deposits held abroad. From an empirical standpoint, the forward-looking framework adopted here also turns out to be superior to the conventional currency-substitution model.
Author : Mr.Bassem Kamar
Publisher : International Monetary Fund
ISBN 13 : 1455201375
Total Pages : 32 pages
Book Rating : 4.4/5 (552 download)
Download or read book The Impact of Capital and Foreign Exchange Flowson the Competitiveness of Developing Countries written by Mr.Bassem Kamar and published by International Monetary Fund. This book was released on 2010-07-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attracting capital and foreign exchange flows is crucial for developing countries. Yet, these flows could lead to real exchange rate appreciation and may thus have detrimental effects on competitiveness, jeopardizing exports and growth. This paper investigates this dilemma by comparing the impact of six types of capital and foreign exchange flows on real exchange rate behavior in a sample of 57 developing countries covering Africa, Europe, Asia, Latin America, and the Middle East. The results reveal that portfolio investments, foreign borrowing, aid, and income lead to real exchange rate appreciation, while remittances have disparate effects across regions. Foreign direct investments have no effect on the real exchange rate, contributing to resolve the above dilemma.
Author : Sebastian Edwards
Publisher : University of Chicago Press
ISBN 13 : 0226184730
Total Pages : 460 pages
Book Rating : 4.2/5 (261 download)
Download or read book Economic Adjustment and Exchange Rates in Developing Countries written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2007-12-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of the attention paid exchange rates in recent economic debates on developing countries, relatively few studies have systematically analyzed in detail the various ramifications of exchange rate policy in these countries. In this new volume from the National Bureau of Economic Research, leading economists use rigorous models to tackle various exchange rate issues, while also illuminating policy implications that emerge from their analyses. The volume, divided into four main sections, addresses: the role of exchange rates in stabilization programs and the adjustment process; the importance of exchange rate policy during liberalization reform in developing countries; exchange rate problems relevant and unique to developing countries, illustrated by case studies; and the problems defining, measuring, and identifying determinants of real exchange rates. Authors of individual papers examine the relation between commercial policies and exchange rates, the role of exchange rate policy in stabilization programs, the effectiveness of devaluations as a policy tool, and the interaction between exchange rate terms of trade an capital flow. This research will not only prove crucial to our understanding of the role of exchange rates in developing countries, but will clearly set the standard for future work in the field.
Author : Mr.Donald J. Mathieson
Publisher : International Monetary Fund
ISBN 13 : 1451855230
Total Pages : 46 pages
Book Rating : 4.4/5 (518 download)
Download or read book Capital Mobility and Exchange Market Intervention in Developing Countries written by Mr.Donald J. Mathieson and published by International Monetary Fund. This book was released on 1996-11-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Official controls on interest rates and capital flows rule out the use of traditional interest rate parity conditions to measure changes in the degree of capital mobility confronting developing countries. This paper develops an alternative technique for measuring the cost of undertaking disguised capital flows when such official controls are present. This measure is derived from an intertemporal, optimizing model of an open economy incorporating the influence of the authorities’ foreign exchange market activities. The paper suggests that the real cost of undertaking disguised capital flows declined on average by nearly 70 percent between the early 1970s and the late 1980s.
Author : Mr.Philipp Hartmann
Publisher : International Monetary Fund
ISBN 13 : 1451928122
Total Pages : 54 pages
Book Rating : 4.4/5 (519 download)
Download or read book Foreign Exchange Risk Regulation written by Mr.Philipp Hartmann and published by International Monetary Fund. This book was released on 1994-12-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital adequacy regulations or quantity restrictions on bank portfolios put forward by the Basle Committee on Banking Supervision have virtually become an international standard of prudential regulation. Recent proposals aim at extending this approach to market risks, in particular to foreign exchange risk. The present paper provides a critical analysis of proposals to introduce foreign exchange position limits on a uniform cross-country basis, focusing on their effectiveness and their possible impact on the functioning of both mature and developing foreign exchange markets. Theoretical considerations are underpinned in the paper with descriptions of existing or proposed regulations, in a broad range of both industrial and developing countries. Experiences with the use of foreign exchange position limits in developing countries provide insight into their widespread use for other than prudential purposes, in particular to support exchange rate and exchange control policies.
Author : Philip Chase Abbott
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (31 download)
Download or read book Foreign Exchange Constraints to Trade and Development written by Philip Chase Abbott and published by . This book was released on 1984 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extract: Many less developed countries (LDC's), facing huge trade deficits and shortages of foreign exchange, reduced their agricultural imports over the past few years from the United States and others. Unless cash-short LDC's increase their exports and obtain food and financial aid, agricultural imports by LDC's will grow much more slowly in the next decade than in the last. While many LDC's face long-term problems, others appear to be in short-term liquidity crises; if their export growth resumes, so will their agricultural imports. China, Brazil, Mexico, Nigeria, and India are key to world cereal trade. Those projections are based on a two-gap model applied to 31 LDC's.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451925190
Total Pages : 22 pages
Book Rating : 4.4/5 (519 download)
Download or read book Foreign Currency Deposits in Developing Countries-Origins and Economic Implications written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing importance of foreign currency deposits (FCDs) in some developing countries has raised numerous issues, particularly regarding the effectiveness of economic policies. This paper discusses factors that influence the emergence of FCDs and their impact on key macroeconomic relations. It is shown that while FCDs render more visible the changes in the economic structure occasioned by the shift in residents’ portfolio asset preferences, these changes essentially reflect currency substitution that often prevails prior to the introduction of FCDs. Moreover, FCDs provide only limited scope for effectively addressing the external and domestic imbalances that contribute to the growth in currency substitution.
Author : Miguel A. Kiguel
Publisher : Springer
ISBN 13 : 1349255203
Total Pages : 411 pages
Book Rating : 4.3/5 (492 download)
Download or read book Parallel Exchange Rates in Developing Countries written by Miguel A. Kiguel and published by Springer. This book was released on 2016-07-27 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: '...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combining elegant theory and state of the art econometrics to reach very sensible policy conclusions.' - Mohsin S. Khan, Deputy Director, Research Department, International Monetary Fund ' This book fills an important vacuum in the literature of the economic consequences of parallel markets and should prove of great value to students of economic development and to policy-makers in developing countries as they struggle to reform their exchange rate and trade incentive systems. Here they will find all that they need to know.' - Vittorio Corbo, Professor of Economics, Universidad Catolica de Chile 'A most comprehensive treatment of the relationships between parallel foreign exchange markets and macroeconomic policies, both across countries and over time. The book substantially enhances our understanding of how these systems work in practice and will be of great interest to policy-makers, researchers and graduate students of economic policy.' - Samuel M. Wangwe, Professor of Economics, University of Dar es Salaam and Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries. An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.
Author : Sebastian Edwards
Publisher : Johns Hopkins University Press
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.F/5 ( download)
Download or read book Exchange Rate Misalignment in Developing Countries written by Sebastian Edwards and published by Johns Hopkins University Press. This book was released on 1988 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
Author : Jorge Iván Canales Kriljenko
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book Foreign Exchange Market Organization in Selected Developing and Transition Economies written by Jorge Iván Canales Kriljenko and published by International Monetary Fund. This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The foreign exchange market microstructures in developing and transition economies are characterized by the results from the IMF's 2001 Survey on Foreign Exchange Market Organization. The survey found that these markets are usually unified onshore spot markets for U.S. dollars, where transactions are concentrated at the bank-customer level. The trading mechanisms are usually dealer or mixed dealer/auction markets; the degree of transparency is often low; settlement systems remain risky; and the scope for price discovery is variable.
Author : G. Ranis
Publisher : Springer
ISBN 13 : 1349154563
Total Pages : 457 pages
Book Rating : 4.3/5 (491 download)
Download or read book The Gap Between Rich and Poor Nations written by G. Ranis and published by Springer. This book was released on 1972-01-01 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : T. J. Byres
Publisher : London : Cass
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (43 download)
Download or read book Foreign Resources and Economic Development written by T. J. Byres and published by London : Cass. This book was released on 1972 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collection of essays on central issues raised by the 1969 pearson commission report on the role of development aid and foreign investment in developing countries - covers theoretical aspects of foreign aid, its role in economic development, etc. References.
Author : Hans Eysenck
Publisher : Routledge
ISBN 13 : 1351304518
Total Pages : 319 pages
Book Rating : 4.3/5 (513 download)
Download or read book The Economics of Foreign Aid written by Hans Eysenck and published by Routledge. This book was released on 2017-07-28 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together for the first time in a single volume a complete survey of the theoretical foundations of economic aid policies and a critical analysis of aid programs and practices. The book focuses on the contributions of familiar economic growth models and other economic and social theories of development to foreign aid practices, and provides a broad and penetrating overview of the economics of foreign aid. At the macroanalytical level, the author investigates the savings constraint and the foreign exchange constraint approaches and the models employed for determining the quantity of external capital required for achieving growth goals under varying economic conditions in the recipient economies. The author examines other approaches to aid requirements (including the capital absorptive approach), analyzes debt service capacity, and reviews various debt cycle models. The nature and significance of indicators of economic performance are investigated, and both theoretical and practical policy issues relating to the employment of aid as a means of influencing domestic policies are analyzed. In his final chapter, the author applies his theoretical conclusions to the formulation of an integrated approach to foreign aid, encompassing the major foreign assistance problems faced today. A clear and comprehensive text for every student of development economics, as well as the most thorough reference of its kind for professional economists, the book, a volume in the Aldine Treatises in Modem Economics series, will be useful to all who are concerned with the analysis, development, and execution of aid programs.
Author : Staffan Burenstam Linder
Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)
Download or read book Trade and Trade Policy for Development written by Staffan Burenstam Linder and published by . This book was released on 1967 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Howard J. Shatz
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)
Download or read book Exchange Rate Overvaluation and Trade Protection written by Howard J. Shatz and published by World Bank Publications. This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Lessons from world experience about the consequences of exchange rate overvaluation (the frequent cause of trade crises), the consequences of trying to defend an overvalued exchange rate, and the most appropriate policies for resolving an overvaluation"--Cover.
Author : Kemal Derviş
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.3/5 (555 download)
Download or read book A General Equilibrium Analysis of Foreign Exchange Shortages in a Developing Economy written by Kemal Derviş and published by . This book was released on 1981 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
