
NBER WORKING PAPER SERIES TOWARDS A THEORY OF CURRENT ACCOUNTS Jaume Ventura
... about 33 percent in Japan. The latter is an outlier and most countries have an average saving rate somewhere between 18 and 25 percent. The differences in short run or year-to-year saving rates are even larger. In most countries the lowest saving rate is below 14 percent while the largest exceeds 26 ...
... about 33 percent in Japan. The latter is an outlier and most countries have an average saving rate somewhere between 18 and 25 percent. The differences in short run or year-to-year saving rates are even larger. In most countries the lowest saving rate is below 14 percent while the largest exceeds 26 ...
group review of special journals
... GROUP REVIEW OF SPECIAL JOURNALS Working in small groups, record the transactions for the month of March 2017 in the purchases journal, cash payments journal, sales journal, cash receipts journal, and general journal. March 1 ...
... GROUP REVIEW OF SPECIAL JOURNALS Working in small groups, record the transactions for the month of March 2017 in the purchases journal, cash payments journal, sales journal, cash receipts journal, and general journal. March 1 ...
“Debating an appropriate macroeconomic policy for South Africa`s
... attention to the level and stability of the real exchange rate. This involves the use of the South African Reserve Bank’s statements on the exchange rate when it deviates from what the bank considers compatible with external and internal balance. In addition, it should be willing to intervene to bac ...
... attention to the level and stability of the real exchange rate. This involves the use of the South African Reserve Bank’s statements on the exchange rate when it deviates from what the bank considers compatible with external and internal balance. In addition, it should be willing to intervene to bac ...
Currency Wars, Coordination, and Capital Controls
... 3%. Putting this together with the previous numbers, and with all the proper caveats, the exchange rate channel suggests an average decrease in EM real net exports of 0.45%, with a range going from 0.15% to 0.9% of GDP, taking place over a number of years. For later reference, let me note that ther ...
... 3%. Putting this together with the previous numbers, and with all the proper caveats, the exchange rate channel suggests an average decrease in EM real net exports of 0.45%, with a range going from 0.15% to 0.9% of GDP, taking place over a number of years. For later reference, let me note that ther ...
Currency Strategy 2016-09
... Big Picture: From Carry and Trump to Helicopters Since our latest Currency Strategy report in Jan 2016 several major, interesting and unexpected events have occurred that have affected global markets generally and the FX market in particular. The BOJ introduced negative rates in January, while the J ...
... Big Picture: From Carry and Trump to Helicopters Since our latest Currency Strategy report in Jan 2016 several major, interesting and unexpected events have occurred that have affected global markets generally and the FX market in particular. The BOJ introduced negative rates in January, while the J ...
Answers to Exercise 1 Question 1 (a) One of the most important
... Species accumulation by means of a trade surplus would lead to increases in the money supply which leads to increases in prices and wages and therefore inflation thus reducing the competitiveness of a country. Question 4 ...
... Species accumulation by means of a trade surplus would lead to increases in the money supply which leads to increases in prices and wages and therefore inflation thus reducing the competitiveness of a country. Question 4 ...
Report on the economic and budgetary situation
... Considering the trends of the foreign sector in the first months of 2010, and the economic performance of our main foreign partners, the foreign trade was revised in the sense of increasing the growth pace of exports of goods this year up to 12.7% compared to 3.5% as in the initial projection, with ...
... Considering the trends of the foreign sector in the first months of 2010, and the economic performance of our main foreign partners, the foreign trade was revised in the sense of increasing the growth pace of exports of goods this year up to 12.7% compared to 3.5% as in the initial projection, with ...
World Trade
... trade in durable goods. Capital goods for investments make up a significant part of trade in durable goods. ...
... trade in durable goods. Capital goods for investments make up a significant part of trade in durable goods. ...
monThlY SEASonAlITY In CUrrEnCY rETUrnS: 1972-2010
... This study examines the monthly seasonality of foreign exchange (FX) returns for eight major currencies (against the US dollar) from 1972 to 2010. It finds that five currencies exhibit significantly higher returns in the month of December and a significant reversal in January. Previous research has ...
... This study examines the monthly seasonality of foreign exchange (FX) returns for eight major currencies (against the US dollar) from 1972 to 2010. It finds that five currencies exhibit significantly higher returns in the month of December and a significant reversal in January. Previous research has ...
Determinants of International Capital Flows:The Case of Malaysia:
... researchers discover that the net portfolio flows are related negatively with the current account balance, but positively with both country’s per capita income and growth performance. In addition, the study also highlighted a significant positive relationship between FDI flows and portfolio flows to ...
... researchers discover that the net portfolio flows are related negatively with the current account balance, but positively with both country’s per capita income and growth performance. In addition, the study also highlighted a significant positive relationship between FDI flows and portfolio flows to ...
will there be deflation and current account surpluses?
... from about 6 percent in January 2013 to slightly below 1 percent in May 2014. It is for the first time in the past 24 years that both inflation and current account deficit reached such low levels. Obviously, the question is whether this is a new path or just an episode for the Romanian economy. Taki ...
... from about 6 percent in January 2013 to slightly below 1 percent in May 2014. It is for the first time in the past 24 years that both inflation and current account deficit reached such low levels. Obviously, the question is whether this is a new path or just an episode for the Romanian economy. Taki ...
econ_hw_5 - Homework Market
... When Japanese investors who own hotels in Hawaii receive profits from their hotel operations, the receipt of such profits is recorded in the balance of payments as a current account item capital account item settlement account item unilateral transfer Question 25 2 points Save The International Mone ...
... When Japanese investors who own hotels in Hawaii receive profits from their hotel operations, the receipt of such profits is recorded in the balance of payments as a current account item capital account item settlement account item unilateral transfer Question 25 2 points Save The International Mone ...
some characteristics of sharp current account deficit reversals in
... even stagnant saving rates. Hence, to close the gap they need to turn to foreign saving, which has generally induced the high and even growing current account deficits of the last decade. In this respect, the problem of external imbalances is particularly important for CEE countries which have alread ...
... even stagnant saving rates. Hence, to close the gap they need to turn to foreign saving, which has generally induced the high and even growing current account deficits of the last decade. In this respect, the problem of external imbalances is particularly important for CEE countries which have alread ...
ch03 - ORU Accounting Information
... Information presented on an accrual basis is useful because it reveals relationships that are likely to be important in predicting future results. To illustrate, under accrual accounting, revenues are recognized when earned so they can be related to the economic environment in which they occur. Tren ...
... Information presented on an accrual basis is useful because it reveals relationships that are likely to be important in predicting future results. To illustrate, under accrual accounting, revenues are recognized when earned so they can be related to the economic environment in which they occur. Tren ...
Unit 2 Measuring the Performance of the Economy Objectives
... National Accounts All our economic activities regarding production, income, expenditure and our trade with the rest of the world are summarized in our national accounts. Account 1: Gross domestic product and expenditure Account 2: Gross national income and the way it is appropriated Account 3: Gross ...
... National Accounts All our economic activities regarding production, income, expenditure and our trade with the rest of the world are summarized in our national accounts. Account 1: Gross domestic product and expenditure Account 2: Gross national income and the way it is appropriated Account 3: Gross ...
D : M F
... 4.5 Fiscal imbalances are both transient and structural. Transient imbalances result from temporary mismatches in revenue and expenditures of the Union Government, management of which requires accommodation in the nature of ways and means advances. These transient mismatches, largely of a cyclical n ...
... 4.5 Fiscal imbalances are both transient and structural. Transient imbalances result from temporary mismatches in revenue and expenditures of the Union Government, management of which requires accommodation in the nature of ways and means advances. These transient mismatches, largely of a cyclical n ...
Chapter 1
... Evaluating project cash flows, continued – Three-step approach to project evaluation 1. Estimate project cash flows from the project’s standpoint. 2. Forecast the amounts, timing, and form of transfers, as well as taxes and other expenses incurred in the transfer process, to the parent. 3. Consider ...
... Evaluating project cash flows, continued – Three-step approach to project evaluation 1. Estimate project cash flows from the project’s standpoint. 2. Forecast the amounts, timing, and form of transfers, as well as taxes and other expenses incurred in the transfer process, to the parent. 3. Consider ...
An Empirical Analysis of Foreign Exchange Reserves in Emerging
... Pedroni’s (1999) panel cointegration tests as the basis for the estimation of a long-run reservedemand function in a panel of eight Asian emerging-market economies. This is a key innovation relative to the existing research on international reserves modelling: although the data are typically I(1), t ...
... Pedroni’s (1999) panel cointegration tests as the basis for the estimation of a long-run reservedemand function in a panel of eight Asian emerging-market economies. This is a key innovation relative to the existing research on international reserves modelling: although the data are typically I(1), t ...
romania foreign trade in global recession, revealed by the extended
... of “new theory of international trade”, which is especially focused on the imperfections of competition, challenging the hypothesis of homogeneous factors, boosting external marketing as a process of exchange and transfer of ownership. Among the contestants were famous names of economists that W. Le ...
... of “new theory of international trade”, which is especially focused on the imperfections of competition, challenging the hypothesis of homogeneous factors, boosting external marketing as a process of exchange and transfer of ownership. Among the contestants were famous names of economists that W. Le ...
The external and domestic side of macroeconomic adjustment in
... exchange rate policy. It presents an open economy model to analyse both dimensions of macroeconomic adjustment in China under both flexible and fixed exchange rate regimes. The model-based results indicate that persistent current account surpluses in China cannot be rationalized, under general circu ...
... exchange rate policy. It presents an open economy model to analyse both dimensions of macroeconomic adjustment in China under both flexible and fixed exchange rate regimes. The model-based results indicate that persistent current account surpluses in China cannot be rationalized, under general circu ...
NÁZOV VYSOKEJ ŠKOLY
... Table 4 Minimum wage (EUR/month/employee) ....................................................... 51 Inflation is overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer Price Index. Over time, as the cost of goods a ...
... Table 4 Minimum wage (EUR/month/employee) ....................................................... 51 Inflation is overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer Price Index. Over time, as the cost of goods a ...
Martin Schmitz Department of Economics and IIIS, Trinity College Dublin
... related argument is that emerging economies seek high quality assets of industrial countries (Caballero, Farhi, and Gourinchas, 2006; Mendoza, Quadrini, and Rios-Rull, 2008). Both arguments support the ‘saving’s glut hypothesis’ (Bernanke, 2005, 2007) and explain the persistent current account surpl ...
... related argument is that emerging economies seek high quality assets of industrial countries (Caballero, Farhi, and Gourinchas, 2006; Mendoza, Quadrini, and Rios-Rull, 2008). Both arguments support the ‘saving’s glut hypothesis’ (Bernanke, 2005, 2007) and explain the persistent current account surpl ...
Chapter 8 The Export
... When foreign tourists fly to the United States on U.S.-owned airlines and spend billions of dollars on hotels, meals, and local transportation, they are contributing to our positive balance of trade in services. That spending is added to our export of services. So the next time you see Japanese tour ...
... When foreign tourists fly to the United States on U.S.-owned airlines and spend billions of dollars on hotels, meals, and local transportation, they are contributing to our positive balance of trade in services. That spending is added to our export of services. So the next time you see Japanese tour ...