Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Theory Of The Foreign Exchanges Primary Source Edition
Download The Theory Of The Foreign Exchanges Primary Source Edition full books in PDF, epub, and Kindle. Read online The Theory Of The Foreign Exchanges Primary Source Edition ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Exchange Rate Theory by : Paul de Grauwe
Download or read book Exchange Rate Theory written by Paul de Grauwe and published by Wiley-Blackwell. This book was released on 1993-01-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Exchange Rate Theory presents a novel and elegant theory to explain the excessive variability of foreign exchange rate returns. The theory is novel in the sense that it focuses on interaction between market agents as the primary source of the variability in those speculative prices. It is shown that simple interactions between market participants using different information is sufficient to generate deterministic chaos." "In the first part of this book the authors survey existing exchange rate theories and ask whether these theories are useful in explaining actual exchange rate movements. They demonstrate that the 1970s were characterized by the belief that exchange rates could be understood by an analysis of the fundamentals (inflation rates, interest rates and monetary policy). Subsequently, this belief has all but disappeared but researchers have been content to analyze the statistical properties of exchange rates, abandoning the theory and the models." "The second part of the book uses chaos theory to construct an innovative framework for the understanding of exchange markets. These models, which integrate fundamentalism and chartism, create complex exchange rate movements which appear to be random. These models are used to explain several of the anomalies observed in exchange rate markets and to evaluate the possibility of exchange rate prediction."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Book Synopsis A History of the Federal Reserve by : Allan H. Meltzer
Download or read book A History of the Federal Reserve written by Allan H. Meltzer and published by University of Chicago Press. This book was released on 2010-02-15 with total page 815 pages. Available in PDF, EPUB and Kindle. Book excerpt: Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951, which marked the beginning of a larger and greatly changed institution. To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains, for instance, why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact on the institution of individuals such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, who played a key role in the adoption of a more active monetary policy by the Federal Reserve. Meltzer also examines the influence the Federal Reserve has had on international affairs, from attempts to build a new international financial system in the 1920s to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, and the failure of the London Economic Conference of 1933. Written by one of the world's leading economists, this magisterial biography of the Federal Reserve and the people who helped shape it will interest economists, central bankers, historians, political scientists, policymakers, and anyone seeking a deep understanding of the institution that controls America's purse strings. "It was 'an unprecedented orgy of extravagance, a mania for speculation, overextended business in nearly all lines and in every section of the country.' An Alan Greenspan rumination about the irrational exuberance of the late 1990s? Try the 1920 annual report of the board of governors of the Federal Reserve. . . . To understand why the Fed acted as it did—at these critical moments and many others—would require years of study, poring over letters, the minutes of meetings and internal Fed documents. Such a task would naturally deter most scholars of economic history but not, thank goodness, Allan Meltzer."—Wall Street Journal "A seminal work that anyone interested in the inner workings of the U. S. central bank should read. A work that scholars will mine for years to come."—John M. Berry, Washington Post "An exceptionally clear story about why, as the ideas that actually informed policy evolved, things sometimes went well and sometimes went badly. . . . One can only hope that we do not have to wait too long for the second installment."—David Laidler, Journal of Economic Literature "A thorough narrative history of a high order. Meltzer's analysis is persuasive and acute. His work will stand for a generation as the benchmark history of the world's most powerful economic institution. It is an impressive, even awe-inspiring achievement."—Sir Howard Davies, Times Higher Education Supplement
Download or read book Foreign Exchange written by Adam S. Iqbal and published by Springer Nature. This book was released on 2022-02-22 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the great challenges that many participants in foreign exchange (FX) markets face is sifting through the often overwhelming amount of information that is available. Media outlets stream updates on international politics, economics, and other factors that move FX prices twenty-four hours a day. It is difficult to work out what is and what is not important. This book helps its reader overcome these challenges by combining the insights gained from a market practitioner who has traded FX at Goldman Sachs, PIMCO, and Barclays Investment Bank, with textbook-level modern financial macroeconomic theory. The book covers macroeconomics relating to exchange rate determination. While you could obtain this information from a disparate set of sources―textbooks, academic literature, industry research notes, conversations with other market practitioners, and theories cited in media reports―this book brings all of these sources together to translate the information into concrete FX views that are firmly rooted in the macroeconomic theory of risk premiums, interest rates, and inflation, among other topics. The book promotes time consistent thought that avoids the daily temptation to jump from that day’s economic narrative to the next. Of particular interest to buy- and sell-side industry practitioners, finance and economics graduate students, academics, and others interested in FX markets, this book teaches its readers how to do this and improve their own trading and understanding of the FX markets.
Book Synopsis Exchange Rate Theory and Practice by : John F. Bilson
Download or read book Exchange Rate Theory and Practice written by John F. Bilson and published by University of Chicago Press. This book was released on 2007-12-01 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Book Synopsis International Finance by : Steven Michael Suranovic
Download or read book International Finance written by Steven Michael Suranovic and published by . This book was released on 2010 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Trade Theory and Policy by : Giancarlo Gandolfo
Download or read book International Trade Theory and Policy written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2013-08-13 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
Book Synopsis Exchange Rate Economics by : Ronald MacDonald
Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Book Synopsis Symbolic Exchange and Death by : Jean Baudrillard
Download or read book Symbolic Exchange and Death written by Jean Baudrillard and published by SAGE. This book was released on 2016-12-15 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jean Baudrillard is one of the most celebrated and most controversial of contemporary social theorists. This major work occupies a central place in the rethinking of the humanities and social sciences around the idea of postmodernism. It leads the reader on an exhilarating tour encompassing the end of Marxism, the enchantment of fashion, symbolism about sex and the body, and the relations between economic exchange and death. Most significantly, the book represents Baudrillard′s fullest elaboration of the concept of the three orders of the simulacra, defining the historical passage from production to reproduction to simulation. A classic in its field, Symbolic Exchange and Death is a key source for the redefinition of contemporary social thought. Baudrillard′s critical gaze appraises social theories as diverse as cybernetics, ethnography, psychoanalysis, feminism, Marxism, communications theory and semiotics. This English translation begins with a new introductory essay.
Book Synopsis Collected Works of Harry G. Johnson by : Harry G. Johnson
Download or read book Collected Works of Harry G. Johnson written by Harry G. Johnson and published by Routledge. This book was released on 2021-12-02 with total page 2783 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supervised by Maurice Dobb, Harry Johnson was particularly impressed by the breadth and the ideas of Joseph Schumpeter, which greatly influenced his writings in later years. Johnson made many contributions to the development of Heckscher-Ohlin theory and also helped to found the monetary approach to the balance of payments. He wrote many surveys of monetary economics that helped to clarify the issues in question.
Book Synopsis The Economics of Exchange Rates (Collected Works of Harry Johnson) by : Jacob Frenkel
Download or read book The Economics of Exchange Rates (Collected Works of Harry Johnson) written by Jacob Frenkel and published by Routledge. This book was released on 2013-07-18 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The studies in this book deal with the determination of foreign exchange rates and the characteristics of the foreign exchange market. Analysis is made of flexible exchange rates through an approach developed by the authors, called the ‘asset-market approach’. Theory is combined with practical application in a clear concise way that will be understood by readers with a basic understanding of economics.
Book Synopsis International Economics sixth edition by : Robert M. Dunn
Download or read book International Economics sixth edition written by Robert M. Dunn and published by Routledge. This book was released on 2004-08-02 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest edition of International Economics improves and builds upon the popular features of previous editions. The graphs, tables and statistics are all updated and improved sections have also been added on the following topics: * New developments in international trade agreements and the latest round of international trade talks * International financial crises * A new section on current controversies in the international monetary system With impressive pedagogy, learning objectives and summaries, this clearly written book will be another winner with students of international economics and business.
Download or read book China Exchange News written by and published by . This book was released on 1990 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Resources, Power, and Economic Interest Distribution in China by : Zhang Yishan
Download or read book Resources, Power, and Economic Interest Distribution in China written by Zhang Yishan and published by Routledge. This book was released on 2021-03-30 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on an investigation of economic and resource allocation factors and their close relation to economic power, this book puts forward the power paradigm, a new economic research paradigm revealing the relationship among power, institutions, and resource allocation mechanisms, helping to establish a valid connection between macroeconomics and microeconomics and shedding light on real-world economic issues. Drawing on classical, neoclassical, and institutional economics and how these schools of thought have impacted on economic development in China over the past century, the book sheds light on distribution processes and argues that enterprise contracts, market pricing, policies, laws and regulations can all be classified as interest distribution mechanisms informed by a variety of power games. The power paradigm suggests that to achieve full utility and an optimal allocation of resources to foster social welfare, power reciprocity needs to be shared among different economic agents at the same hierarchy level while making sure that power and responsibility are equivalent for each economic agent. The book will appeal to research students and academics interested in heterodox economics, pluralist approaches, institutional economics, and game theory.
Book Synopsis The Theory of International Values by : Rajas Parchure
Download or read book The Theory of International Values written by Rajas Parchure and published by New Age International. This book was released on 1994 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any Survey Of International Economics Inevitably Reveals That All The Significant Developments In The Theory Have Been Directly Prompted By The Needs Of Practical Policy. Consider As Quick Illustrations The Nationalistic Fervour Of The Mercantilists, Friedrich List And Everyday Policy-Makers All Over The World, The Liberal Free-Trade Concerns Of David Hume, Adam Smith, David Ricardo And John Stuart Mill, The Fears Of Imperialist Exploitation In The Works Of V.I. Lenin, Rosa Luxembourg, Dadabhai Nowrosjee And Centreperiphery Theorists, The Need For International Co-Operation To Suppress The Relapse Of Parochial Nationalism In The Works Of J.M. Keynes, E.M. Berstein, Harry Dexter White, Folk Hilgerdt And Gunnar Myrdal, The Effects Of Exchange Rate Policy On Trade Balance In Alfred Marshall, Abba Lemer, Joan Robinson, Sidney Alexander And Several Others, The Consequences Of International Growth And Technical Changes For National Welfare In John Hicks, Harry Johnson, Jagdish Bhagwati, Raul Prebisch And A Generation Of Scholars. The Examples Can Be Multiplied.One Would Have Expected That A Theory Whose Main Developments Have Been Stimulated By Real-World Concerns, Would, Over The Course Of Decades And Centuries, Develop Into A Virulent Instrument For Understanding And Solving New Problems That Continually Arise In, Or On Account Of, International Changes. But Witness, Alas, How Pitiably The Theory Itself, In Its Strange Obsession Over 2X2X2 Models Compares With The Rapidly Changing Complexity Of Multilateral Trade. This Is Not To Say That No Work Has Been Done To Fill Up The Backlog. Frank D. Graham, Lionel Mckenzie, Ronald Jones, Jacob Mosak, Paul Samuelson, Lloyd Metzler, John Chipman And Others Have Made Important Contributions Here. There Is, Besides, Considerable Empirical Work And The Compilation Of A Truly Astounding Data Base On Multicountry Transactions By The International Institutions. It Is Then All The More Unfortunate That The Conceptual Work Which Can Have An Interpretative Bearing On This Database Should All But Remain In Theunderworld Of Footnotes.The Lag Of Theory Behind Reality Is Perhaps More Glaring In This As Compared To Other Branches Of Economics. Every Effort To Bridge It Is Not Just Welcome, It Is Urgent. The Future Of Global Understanding And Co-Operation May Lie In These Endeavours.The Theory Of International Values Is An Attempt Towards Closing This Gap. It Deals With Three Themes That Have Been Somewhat Neglected Or At Any Rate Are Unevenly Developed.Firstly It Attempts To Formulate A Theory Of Multicountry Multicommodity Trade. Secondly, It Allows Capital Goods To Be Traded Thus Integrating The Models Of Growth And Distribution With Models Of Trade. Thirdly, It Proposes A New Model Of Exchange Rate Determination Which Is Based On Market Clearing.The Book Should Be Of Considerable Interest To: * Economists Working In International Economics. * Econometricians Engaged In Multicountry Modelling. * Finance Specialists Engaged In Exchange Rate Forecasting And * Students Of International Economics And Finance.Although The Treatment Is Advanced The Contents Can Followed By Students Having``Subsistence Knowledge`` Of Simultaneous Equations. In Any Case All Mathematical Exercises Have Been Amply Illustrated By Constructive Numerical Examples.
Book Synopsis Changes in Exchange Rates in Rapidly Developing Countries by : Takatoshi Ito
Download or read book Changes in Exchange Rates in Rapidly Developing Countries written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.
Book Synopsis In Search of the Origin of Original Sin Dissipation by : Bada Han
Download or read book In Search of the Origin of Original Sin Dissipation written by Bada Han and published by International Monetary Fund. This book was released on 2024-01-26 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we examine how, contrary to the ‘original sin’ hypothesis, emerging market economies have gained the ability to borrow abroad in their local currency. We empirically analyze the relationship of various economic variables with local currency debt and identify three crucial conditions for the capacity to borrow in local currency: institutional quality, sufficient depth in the domestic bond market, and adequate performance in inflation targeting. While shares in JPMorgan Government Bond Index-Emerging Markets (GBI-EM) index also appear to be influential, the associations with local currency debt is less clear. We conduct a similar empirical analysis on portfolio equity, which represents a safer form of external liability than foreign currency debt, and verify that the depth of the equity market plays a key role in attracting foreign capital to domestic equity markets. Finally, we propose a simple portfolio model based on the inelastic market hypothesis to explain the positive correlation between capital market depth and the dissipation of original sin, which refers to the presence of more external liability in the form of equity or local currency debt. In essence, our analysis suggests that emerging market economies with reasonably strong fundamentals are not necessarily reliant on foreign currency debt.
Book Synopsis Dominant Currency Paradigm: A New Model for Small Open Economies by : Camila Casas
Download or read book Dominant Currency Paradigm: A New Model for Small Open Economies written by Camila Casas and published by International Monetary Fund. This book was released on 2017-11-22 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
