Principles of Economics Review
... • The balance of payments must balance Current Account + Financial Account = 0 – If we buy more goods and services from foreigners than they buy from us, we have to borrow the difference sell them our IOUs. Capital inflows help finance domestic investment and the government’s deficit ...
... • The balance of payments must balance Current Account + Financial Account = 0 – If we buy more goods and services from foreigners than they buy from us, we have to borrow the difference sell them our IOUs. Capital inflows help finance domestic investment and the government’s deficit ...
Asia, the Financial Crisis, and Global Economic Governance Chair: Kevin M. Warsh
... ago that countries should pursue fiscal stimulus to cope with the recession and the financial crisis. The big issue I think now looming over the next two or three years is how we’ll disengage from these policies because we do have some very, very large structural deficits out there. The U.K. deficit ...
... ago that countries should pursue fiscal stimulus to cope with the recession and the financial crisis. The big issue I think now looming over the next two or three years is how we’ll disengage from these policies because we do have some very, very large structural deficits out there. The U.K. deficit ...
Capital Flows to Emerging Market Economies
... The level of complexity of capital controls has to be weighed against the administrative capacity of regulators. If capital flow regulation taxes risky forms of flows more than safe forms, then it will achieve a shift in the liability structure of emerging economies towards safer forms of finance. ...
... The level of complexity of capital controls has to be weighed against the administrative capacity of regulators. If capital flow regulation taxes risky forms of flows more than safe forms, then it will achieve a shift in the liability structure of emerging economies towards safer forms of finance. ...
The Asian Financial Crisis 1997-1998 and Malaysian Response: An
... Asian nations which had currencies pegged to the U.S. dollar, the higher U.S. dollar caused their own exports to become more expensive and less competitive in the global markets. At the same time, Southeast Asia's export growth slowed dramatically in the spring of 1996, deteriorating their current a ...
... Asian nations which had currencies pegged to the U.S. dollar, the higher U.S. dollar caused their own exports to become more expensive and less competitive in the global markets. At the same time, Southeast Asia's export growth slowed dramatically in the spring of 1996, deteriorating their current a ...
Philip Lowe: Internal balance, structural change and monetary policy
... through this period of change has been a significant achievement. And it is an achievement that has benefited the entire community. The contribution of monetary policy So far I have discussed structural factors, but monetary policy has also played some role in helping maintain this overall internal ...
... through this period of change has been a significant achievement. And it is an achievement that has benefited the entire community. The contribution of monetary policy So far I have discussed structural factors, but monetary policy has also played some role in helping maintain this overall internal ...
Critically Assessing Macroeconomic Policies in Brazil from Lula da
... close to US$500 billion for the period 2011-2014. In addition, it initiated a new industrial policy, the Plano Brasil Maior. But these counter-cyclical measures failed to sustain economic activity and, as a result, the Brazilian economy grew by only 1.8% in 2012. The inflation rate also began to inc ...
... close to US$500 billion for the period 2011-2014. In addition, it initiated a new industrial policy, the Plano Brasil Maior. But these counter-cyclical measures failed to sustain economic activity and, as a result, the Brazilian economy grew by only 1.8% in 2012. The inflation rate also began to inc ...
PDF Download
... If an economy’s growth exceeds that of its main trading partners, the import pull exceeds exports, generally resulting in a current account deficit. In the US case this is accentuated by the Houthakker-Magee asymmetry (Houthakker and Magee 1969). The import elasticity of the United States is higher ...
... If an economy’s growth exceeds that of its main trading partners, the import pull exceeds exports, generally resulting in a current account deficit. In the US case this is accentuated by the Houthakker-Magee asymmetry (Houthakker and Magee 1969). The import elasticity of the United States is higher ...
Uganda - Deutsche Bank Research
... Uganda. Weak bureaucracy, corruption and a lack of political transparency hinder Uganda’s development as a democracy. President Museveni, in power since 1986, remains politically dominant. Given that he enjoys the full support of the security forces (and due to a poorly organised political oppositio ...
... Uganda. Weak bureaucracy, corruption and a lack of political transparency hinder Uganda’s development as a democracy. President Museveni, in power since 1986, remains politically dominant. Given that he enjoys the full support of the security forces (and due to a poorly organised political oppositio ...
Weekly Focus - BIIA.com | Business Information Industry Association
... money; Brazil – the “currency war” continues; Myanmar – heading for a unified exchange rate and a currency float; Vietnam – lower interest rates and plans for bank mergers; Zimbabwe – starting to enforce indigenization aggressively. BELARUS The Belarussian ruble is now in calmer waters, following a ...
... money; Brazil – the “currency war” continues; Myanmar – heading for a unified exchange rate and a currency float; Vietnam – lower interest rates and plans for bank mergers; Zimbabwe – starting to enforce indigenization aggressively. BELARUS The Belarussian ruble is now in calmer waters, following a ...
Venezuela_en.pdf
... The 3.3% drop in the Bolivarian Republic of Venezuela’s GDP in 2009 was not limited to the petroleum sector, which posted a 7.2% decline over 2008; the level of activity in the rest of the economy fell as well (by 2%). In the non-petroleum sector, there was a notable 6.4% decline in the manufacturin ...
... The 3.3% drop in the Bolivarian Republic of Venezuela’s GDP in 2009 was not limited to the petroleum sector, which posted a 7.2% decline over 2008; the level of activity in the rest of the economy fell as well (by 2%). In the non-petroleum sector, there was a notable 6.4% decline in the manufacturin ...
OCR A2 Economics Unit F585
... The language, however, can be confusing because this favourable movement in the terms of trade may not be advantageous to the balance of trade. If export prices have risen, relative to import prices, this could mean that the demand for exports falls while the demand for imports increases. The degree ...
... The language, however, can be confusing because this favourable movement in the terms of trade may not be advantageous to the balance of trade. If export prices have risen, relative to import prices, this could mean that the demand for exports falls while the demand for imports increases. The degree ...
1 The Oxford Companion to American Politics Matthias
... countries gathered at the Mount Washington Hotel in Bretton Woods (New Hamphire) to discuss how to rebuild the international monetary and financial system after the Great Depression. The two main protagonists of the conference were British economist John Maynard Keynes and American treasury departme ...
... countries gathered at the Mount Washington Hotel in Bretton Woods (New Hamphire) to discuss how to rebuild the international monetary and financial system after the Great Depression. The two main protagonists of the conference were British economist John Maynard Keynes and American treasury departme ...
Highlights of Colombia Economic Analysis 2009 and forecasts 2010
... opposed to the external conditions. However, the effects of the global financial crisis were felt through various routes. The contraction in the external demand and the reduction in the price of raw materials had an effect on the value of the Colombian exports, whereas the restriction of the foreign ...
... opposed to the external conditions. However, the effects of the global financial crisis were felt through various routes. The contraction in the external demand and the reduction in the price of raw materials had an effect on the value of the Colombian exports, whereas the restriction of the foreign ...
ex post
... • A 2% surplus leads to asset build up and thus an expected transfer to future generations. How much? • A simplistic example: – Suppose one generation is 30 years. – Suppose the benefits of tax reduction would go to current old generation, paid by future ones. – Over 30 years 2% surplus leads to a b ...
... • A 2% surplus leads to asset build up and thus an expected transfer to future generations. How much? • A simplistic example: – Suppose one generation is 30 years. – Suppose the benefits of tax reduction would go to current old generation, paid by future ones. – Over 30 years 2% surplus leads to a b ...
Prospects for Asia and the Global Economy: Conference Summary
... he argues that financial crises are inescapable features of greater risk-taking behavior fostered by economic and financial liberalization in a global economy. He suggests that the way to encourage a less crisis-prone world economy involved some reserve accumulation by emerging economies as well as ...
... he argues that financial crises are inescapable features of greater risk-taking behavior fostered by economic and financial liberalization in a global economy. He suggests that the way to encourage a less crisis-prone world economy involved some reserve accumulation by emerging economies as well as ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: International Economic Cooperation
... creasing the money supply rather than by cutting the budget deficit. This in turn would have increased the rate of inflation in the United States. Moreover, although the rise in inflation and in the price level would be sufficient to reduce the nominal value of the dollar, the real exchange rate mig ...
... creasing the money supply rather than by cutting the budget deficit. This in turn would have increased the rate of inflation in the United States. Moreover, although the rise in inflation and in the price level would be sufficient to reduce the nominal value of the dollar, the real exchange rate mig ...
Key Points WHY THE FOREIGN CURRENCY CRISIS IN PNG IS
... Our main concern is the impact this is having on business. Confidence in the Kina, and more importantly the capacity of businesses to engage in their day to day operations, is paramount. Introduction The PNG National Research Institute is concerned about the plight of businesses. Papua New Guinea is ...
... Our main concern is the impact this is having on business. Confidence in the Kina, and more importantly the capacity of businesses to engage in their day to day operations, is paramount. Introduction The PNG National Research Institute is concerned about the plight of businesses. Papua New Guinea is ...
Understanding the dollar standard in order to improve ecological
... Understanding the balance of payments is necessary for comprehend the dollar standard system and its flaws, because, the great credit explosion that occurred in almost all countries in the world is one of the consequences of global current account imbalance. We present a brief introduction to the ma ...
... Understanding the balance of payments is necessary for comprehend the dollar standard system and its flaws, because, the great credit explosion that occurred in almost all countries in the world is one of the consequences of global current account imbalance. We present a brief introduction to the ma ...
Glossary of economic terms
... Appreciate/appreciation (of a currency): the value of a country’s currency rises in terms of other currencies. Exports will become more expensive and imports cheaper. Average cost: total cost divided by output. Balance of payments: this is the record of a country’s international financial transactio ...
... Appreciate/appreciation (of a currency): the value of a country’s currency rises in terms of other currencies. Exports will become more expensive and imports cheaper. Average cost: total cost divided by output. Balance of payments: this is the record of a country’s international financial transactio ...
chapter iii balance of payments – theoretical
... foreign countries. This borrowing or lending could be of short term i.e. up to one year or long term i.e. more than one year. Borrowing from & lending to foreign countries could be also called as net sale of assets to foreigners and net purchases of assets from foreigners. b) Direct Investment & Po ...
... foreign countries. This borrowing or lending could be of short term i.e. up to one year or long term i.e. more than one year. Borrowing from & lending to foreign countries could be also called as net sale of assets to foreigners and net purchases of assets from foreigners. b) Direct Investment & Po ...
16.02.09 Monetary Policy Report 2008-2009
... Stability and Growth Pact. Countries such as Greece, however, with high public debt and large current-account deficits, have almost no room for manoeuvre. In such countries, any relaxation of fiscal policy would be detrimental to the economy and to the fiscal outlook itself since it would further in ...
... Stability and Growth Pact. Countries such as Greece, however, with high public debt and large current-account deficits, have almost no room for manoeuvre. In such countries, any relaxation of fiscal policy would be detrimental to the economy and to the fiscal outlook itself since it would further in ...
Mosler_Levy_Draft_(kelton-nugent_edit_april_12)
... stabilizers to rapidly increase the federal deficit to over 6% of GDP by January 09. This ‘ugly’ deficit spending stemmed the tide. There is now less room for some of the proactive fiscal adjustments. And there is no policy to immediately cut imported motor fuel consumption which is approximat ...
... stabilizers to rapidly increase the federal deficit to over 6% of GDP by January 09. This ‘ugly’ deficit spending stemmed the tide. There is now less room for some of the proactive fiscal adjustments. And there is no policy to immediately cut imported motor fuel consumption which is approximat ...
Assignment 5 - Queen`s Economics Department
... 15. Which of the following approaches to exchange rate determination postulates that exchange rates are determined in the process of equilibrating or balancing the demand and supply of financial assets in each country? A) The asset model of exchange rates B) The trade approach to exchange rates C) T ...
... 15. Which of the following approaches to exchange rate determination postulates that exchange rates are determined in the process of equilibrating or balancing the demand and supply of financial assets in each country? A) The asset model of exchange rates B) The trade approach to exchange rates C) T ...