international financial markets
... temporary gains and shifts quickly as conditions change. The large gross international flows of funds are often part of offsetting transactions that leave no net transfer of capital from one country to another. Feldstein argues that the segmented nature of the world capital market is confirmed by th ...
... temporary gains and shifts quickly as conditions change. The large gross international flows of funds are often part of offsetting transactions that leave no net transfer of capital from one country to another. Feldstein argues that the segmented nature of the world capital market is confirmed by th ...
“A Proposal to Privatize Chinese Enterprises and End Financial Repression”
... been the motor of China’s spectacular labor-intensive industrialization. Angus Maddison (1998) estimates that real value added in this new small-scale sector rose by about 22 percent a year during the period 1978–94. These spin-offs from the decollectivization of agriculture were aided by the massiv ...
... been the motor of China’s spectacular labor-intensive industrialization. Angus Maddison (1998) estimates that real value added in this new small-scale sector rose by about 22 percent a year during the period 1978–94. These spin-offs from the decollectivization of agriculture were aided by the massiv ...
The Dynamic Adjustment of a Transition Economy in the Early
... characterized by flexible goods prices, together with sticky money wages and unemployment so an upward-sloping aggregate supply curve is maintained. Moreover, the model has an underdeveloped financial sector in which the central bank sets the short-term interest rate and there are few private capit ...
... characterized by flexible goods prices, together with sticky money wages and unemployment so an upward-sloping aggregate supply curve is maintained. Moreover, the model has an underdeveloped financial sector in which the central bank sets the short-term interest rate and there are few private capit ...
Where`s The Exit? New Opportunities In China For PE
... We are aware that there are a number of similar transactions being pursued in the market at present, and further insights will no doubt be gained in due course. For now, private equity firms that have invested into Chinese companies can, at the very least, take comfort that an additional exit route ...
... We are aware that there are a number of similar transactions being pursued in the market at present, and further insights will no doubt be gained in due course. For now, private equity firms that have invested into Chinese companies can, at the very least, take comfort that an additional exit route ...
The European experience of Financial Market
... spill-over effects (embedding Germany with US support) and/or intergovernmental struggle over direction and terms of integration? European Financial Market Integration was slow under quasiKeynesian Bretton Woods of an international monetary system of fixed exchange rates (cf. Bancor) and weak IMF (P ...
... spill-over effects (embedding Germany with US support) and/or intergovernmental struggle over direction and terms of integration? European Financial Market Integration was slow under quasiKeynesian Bretton Woods of an international monetary system of fixed exchange rates (cf. Bancor) and weak IMF (P ...
WP 80 de Paula et al Online
... level of economic activity by influencing private agents’ portfolio composition in favor of both an increase in production (using current productive capacity) and the acquisition of capital goods. According to the Post Keynesian approach, as interest variations can have long-lasting effects on inves ...
... level of economic activity by influencing private agents’ portfolio composition in favor of both an increase in production (using current productive capacity) and the acquisition of capital goods. According to the Post Keynesian approach, as interest variations can have long-lasting effects on inves ...
The Time to Act is Now
... exchange market has grown exponentially over the last few decades. It was worth $4 trillion per annum in 1973, it is now worth $4 trillion a day2. The market grew by 70% in the three years between 2004 and 2007, and a further 30% from 2007 to 2010 during the worst financial crisis since the ‘Great D ...
... exchange market has grown exponentially over the last few decades. It was worth $4 trillion per annum in 1973, it is now worth $4 trillion a day2. The market grew by 70% in the three years between 2004 and 2007, and a further 30% from 2007 to 2010 during the worst financial crisis since the ‘Great D ...
Students in International Monetary Economics can choose between
... What lessons do you draw from the 1992-3 wave of speculative attacks? In particular, why did speculators attack some obviously not overvalued currencies (the Belgian and French francs, the Danish kronor) after other currencies were forced to leave ERM of to devalue? ...
... What lessons do you draw from the 1992-3 wave of speculative attacks? In particular, why did speculators attack some obviously not overvalued currencies (the Belgian and French francs, the Danish kronor) after other currencies were forced to leave ERM of to devalue? ...
The Case Against Floating Exchange Rates
... Government are often motivated by their own interest rather than that of the community. It seems doubtful that an exchange rate system alone can restrain a government from following its own perceived ...
... Government are often motivated by their own interest rather than that of the community. It seems doubtful that an exchange rate system alone can restrain a government from following its own perceived ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... variables under three alternative currency board regimes. The paper discussed this for interest rate stability and showed that the credible currency board system was actually consistent with the interest rate stability. For other macro variables, however, the paper provided no discussion. If the onl ...
... variables under three alternative currency board regimes. The paper discussed this for interest rate stability and showed that the credible currency board system was actually consistent with the interest rate stability. For other macro variables, however, the paper provided no discussion. If the onl ...
StatCentral.ie Statistic Information Page and Links International
... > Foreign assets - Direct investment abroad (Equity capital and reinvested earnings; Other capital); Equity (Monetary authority; General government; Monetary financial institutions; Other sectors); Bonds and notes (Monetary authority; General government; Monetary financial institutions; Other secto ...
... > Foreign assets - Direct investment abroad (Equity capital and reinvested earnings; Other capital); Equity (Monetary authority; General government; Monetary financial institutions; Other sectors); Bonds and notes (Monetary authority; General government; Monetary financial institutions; Other secto ...
03 RA Mundell - rivista Politica Economica
... price of gold, and it was convertible only for foreign monetary authorities. Second, American citizens were prohibited from holding gold, which was now centralized in Fort Knox and the Federal Reserve Bank of New York. Third, US monetary policy was de-coupled from gold movements by sterilization ope ...
... price of gold, and it was convertible only for foreign monetary authorities. Second, American citizens were prohibited from holding gold, which was now centralized in Fort Knox and the Federal Reserve Bank of New York. Third, US monetary policy was de-coupled from gold movements by sterilization ope ...
offshore china monthly digest
... the world’s second-largest economy is worsening. Asian currencies declined the most in two weeks amid speculation the current rout may leave the global economy too weak to withstand a possible rise in U.S. interest rates. More than $5 trillion has bled out from the value of global equities since the ...
... the world’s second-largest economy is worsening. Asian currencies declined the most in two weeks amid speculation the current rout may leave the global economy too weak to withstand a possible rise in U.S. interest rates. More than $5 trillion has bled out from the value of global equities since the ...
PART I
... Intervention in the Foreign Exchange Market Foreign Exchange Intervention and the Money Supply Box 1: Inside the Fed: A Day at the Federal Reserve Bank of New York's Foreign Exchange Desk Unsterilized Intervention Sterilized Intervention Balance of Payments Following the Financial News: The Balance ...
... Intervention in the Foreign Exchange Market Foreign Exchange Intervention and the Money Supply Box 1: Inside the Fed: A Day at the Federal Reserve Bank of New York's Foreign Exchange Desk Unsterilized Intervention Sterilized Intervention Balance of Payments Following the Financial News: The Balance ...
What does the historical record of reform suggest about the current
... institutional support mechanisms to delay the tipping point for the pound. This analysis also supports Eichengreen’s contention that more than one important reserve currency can operate at the same time, although this was artificially managed in the 1960s through exchange controls and bilateral agre ...
... institutional support mechanisms to delay the tipping point for the pound. This analysis also supports Eichengreen’s contention that more than one important reserve currency can operate at the same time, although this was artificially managed in the 1960s through exchange controls and bilateral agre ...
PDF
... The main problem with such a peg is, of course, that it can become economically and politically costly to defend. If the peg comes under doubt, the only way to defend it is to raise the domestic interest rates, something that is often politically not opportune.5 After many failed attempts to defend ...
... The main problem with such a peg is, of course, that it can become economically and politically costly to defend. If the peg comes under doubt, the only way to defend it is to raise the domestic interest rates, something that is often politically not opportune.5 After many failed attempts to defend ...
NCB Saudi Economic Review - Linked
... instead choosing to boost output to defend market share from high cost producers, particularly, US shale producers, thus crushing prices in the process. This new policy seems to be working, as prices have rallied by 80% from a 12-year low in January, but still very early to assume complete success. ...
... instead choosing to boost output to defend market share from high cost producers, particularly, US shale producers, thus crushing prices in the process. This new policy seems to be working, as prices have rallied by 80% from a 12-year low in January, but still very early to assume complete success. ...
Indonesia: Global Spillover and Policy Response
... commodity super cycle added significant negative trade channel impacts to the export and growth performances of many emerging economies. The impacts are more severe in those commodity exporting countries, giving rise to macroeconomic stability risks with weakening current account balances. The indir ...
... commodity super cycle added significant negative trade channel impacts to the export and growth performances of many emerging economies. The impacts are more severe in those commodity exporting countries, giving rise to macroeconomic stability risks with weakening current account balances. The indir ...
PIIE Briefing 16-5: China`s New Economic Frontier: Overcoming
... China’s economy is at a pivotal moment, as it faces both imminent and long-term challenges that may significantly hamper the robust growth it has enjoyed in recent decades. Income inequality, increased debt, an aging population, shrinking labor force, and a slow transition from manufacturing to serv ...
... China’s economy is at a pivotal moment, as it faces both imminent and long-term challenges that may significantly hamper the robust growth it has enjoyed in recent decades. Income inequality, increased debt, an aging population, shrinking labor force, and a slow transition from manufacturing to serv ...
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... wonder about the sustainability of the US external balance. Opinions have been quite polarised: Some believe that the United States may well keep their lead in productivity and growth for many years to come; others have become more sceptical. Many ...
... wonder about the sustainability of the US external balance. Opinions have been quite polarised: Some believe that the United States may well keep their lead in productivity and growth for many years to come; others have become more sceptical. Many ...
Warren Buffett: Why stocks beat gold and bonds
... investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power — after taxes have been paid on nominal gains — in the future. More succinctly, investing is forgoing consumption now in order to have the ability to consume more at a later d ...
... investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power — after taxes have been paid on nominal gains — in the future. More succinctly, investing is forgoing consumption now in order to have the ability to consume more at a later d ...