Maurice Obstfeld Paper No. i186 1050 PAPER SERIES
... wise have been viable. They reflect, not irrational private behavior, but an indeterminacy of equilibrium that may arise when agents expect a speculative attack to cause a sharp change in government macroeconomic policies. ...
... wise have been viable. They reflect, not irrational private behavior, but an indeterminacy of equilibrium that may arise when agents expect a speculative attack to cause a sharp change in government macroeconomic policies. ...
Sehlhorst, Daniel - University of Notre Dame
... also made a transition difficult in Mexico, eventually leading to a devaluation nosedive that caused the 1995 crisis. A fixed exchange rate can effectively achieve the goals above in the short term, but it will not work well if the disparity continues to be so large. The reason firms are willing to ...
... also made a transition difficult in Mexico, eventually leading to a devaluation nosedive that caused the 1995 crisis. A fixed exchange rate can effectively achieve the goals above in the short term, but it will not work well if the disparity continues to be so large. The reason firms are willing to ...
Fourth Quarter 2016
... Even before the election, the US economy continued its upward trajectory following a strong third quarter that saw growth of 3.5%. December wage growth experienced its largest increase in 7 years at 2.9%. Jobs grew for the 75th consecutive month and unemployment remained low at 4.7%. Core inflation ...
... Even before the election, the US economy continued its upward trajectory following a strong third quarter that saw growth of 3.5%. December wage growth experienced its largest increase in 7 years at 2.9%. Jobs grew for the 75th consecutive month and unemployment remained low at 4.7%. Core inflation ...
1 Evolution of financial markets
... The stock of international banking assets in Brazil came to US$123.9 billion in June 2002, for a reduction of US$18.5 billion, or 13% in the year. Viewed in terms of final risk maintained in Brazil, BIS highlights the concentration of this position in the banking sectors of the United States, Spain ...
... The stock of international banking assets in Brazil came to US$123.9 billion in June 2002, for a reduction of US$18.5 billion, or 13% in the year. Viewed in terms of final risk maintained in Brazil, BIS highlights the concentration of this position in the banking sectors of the United States, Spain ...
PDF format
... payment in the currency which is legal tender in this jurisdiction, viz South African rands. In that way the foreign creditor will receive from the defendant either the amount of the judgment in the relevant foreign currency (if the defendant is in a position to acquire it and deliver it) or else a ...
... payment in the currency which is legal tender in this jurisdiction, viz South African rands. In that way the foreign creditor will receive from the defendant either the amount of the judgment in the relevant foreign currency (if the defendant is in a position to acquire it and deliver it) or else a ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research Volume Title: Inflation: Causes and Effects
... which alters expectations, exchange rates are likely to be highly volatile. Aggregate price indices on the other hand are not expected to reveal such a degree of volatility since they reflect the prices of goods and services which exhibit some "stickiness" and which are less durable and therefore le ...
... which alters expectations, exchange rates are likely to be highly volatile. Aggregate price indices on the other hand are not expected to reveal such a degree of volatility since they reflect the prices of goods and services which exhibit some "stickiness" and which are less durable and therefore le ...
Monetary and exchange rate policy in small open economies
... addressed by reforms in the global financial architecture, significant reforms are not likely to emerge in the near future. In the meanwhile, countries such as Iceland must take responsibility for their own welfare by managing these risks. That entails actions that reduce the likelihood of a crisis ...
... addressed by reforms in the global financial architecture, significant reforms are not likely to emerge in the near future. In the meanwhile, countries such as Iceland must take responsibility for their own welfare by managing these risks. That entails actions that reduce the likelihood of a crisis ...
Modern Currency Wars: The United States versus Japan
... Ultra-low interest rates in the US periodically unleash floods of hot money into emerging markets with higher growth and naturally higher interest rates. Any emerging market central bank is then faced with an uncomfortable choice: either let its exchange rate appreciate against the dollar and thus l ...
... Ultra-low interest rates in the US periodically unleash floods of hot money into emerging markets with higher growth and naturally higher interest rates. Any emerging market central bank is then faced with an uncomfortable choice: either let its exchange rate appreciate against the dollar and thus l ...
Question 1: (1 point) Output per worker Clothing Food in Canada 10
... Part 5: An increase in income causes the transaction demand for money to 1)INCREASE 2)No Change or 3)Decrease __________ by 40 billion at each interest rate. (Assume the change in part 3 did not occur. Given a money supply of 260, what is the equilibrium rate of interest? ____________ Part 6: Given ...
... Part 5: An increase in income causes the transaction demand for money to 1)INCREASE 2)No Change or 3)Decrease __________ by 40 billion at each interest rate. (Assume the change in part 3 did not occur. Given a money supply of 260, what is the equilibrium rate of interest? ____________ Part 6: Given ...
Making Financial Markets Work for Development Financial Markets, Crisis and Development
... Woods System. The essence of the system were fixed exchange rates between the main currencies, capital controls, and one reserve currency, the US-Dollar. It was run by an institution specially designed for this task: the IMF. The system immensely contributed to the stability and the relative prosper ...
... Woods System. The essence of the system were fixed exchange rates between the main currencies, capital controls, and one reserve currency, the US-Dollar. It was run by an institution specially designed for this task: the IMF. The system immensely contributed to the stability and the relative prosper ...
Net Capital Outflow
... An appreciation of the dollar in the foreign exchange market encourages imports and discourages exports. This offsets the initial increase in net exports due to import quota. Trade policies do not affect the trade balance. ...
... An appreciation of the dollar in the foreign exchange market encourages imports and discourages exports. This offsets the initial increase in net exports due to import quota. Trade policies do not affect the trade balance. ...
Untitled
... them is so limited), was earlier mirrored by speculators borrowing, often at call, to finance share holdings on a margined basis. There is little in the accusations and complaints about the way in which such levered speculators may destabilize markets that one cannot find matched in the annals of th ...
... them is so limited), was earlier mirrored by speculators borrowing, often at call, to finance share holdings on a margined basis. There is little in the accusations and complaints about the way in which such levered speculators may destabilize markets that one cannot find matched in the annals of th ...
Chapter 305 British Pound Sterling/Japanese Yen (GBP/JPY) Cross
... British Pound Sterling/Japanese Yen (GBP/JPY) Cross Rate Futures ...
... British Pound Sterling/Japanese Yen (GBP/JPY) Cross Rate Futures ...
supplement/ancillary title - Amazon Simple Storage Service (S3)
... implications for companies like Toyota. Why is it important for managers to understand the foreign exchange market? ANSWER 1: During the 2000s, investors in the foreign exchange market capitalized on interest rate differentials between Japan and the United States by engaging in carry trade. However, ...
... implications for companies like Toyota. Why is it important for managers to understand the foreign exchange market? ANSWER 1: During the 2000s, investors in the foreign exchange market capitalized on interest rate differentials between Japan and the United States by engaging in carry trade. However, ...
Faculty Research Working Papers Series
... in size in 1872. 3 US exports did not pull ahead of UK exports until 1915. The development of the financial system lagged behind; one reflection is that the United States did not establish a central bank until 1913. During the years following 1914, the US passed from net debtor to net creditor while ...
... in size in 1872. 3 US exports did not pull ahead of UK exports until 1915. The development of the financial system lagged behind; one reflection is that the United States did not establish a central bank until 1913. During the years following 1914, the US passed from net debtor to net creditor while ...
Sheng(340).pdf
... dollar dominance may be over. However, researchers like Eichengreen and Flandreau (2008) maintains that the US dollar will continue its dominance as reserve currency of central banks, because the US houses the most developed and liquid capital markets in the world. McKinnon (2005) also used the inte ...
... dollar dominance may be over. However, researchers like Eichengreen and Flandreau (2008) maintains that the US dollar will continue its dominance as reserve currency of central banks, because the US houses the most developed and liquid capital markets in the world. McKinnon (2005) also used the inte ...
1 1. Assume that policy makers are pursuing a fixed exchange rate
... b. The pre-announced phased-in tax cuts of 1981-83 caused little change in consumption in 1981. c. A drop in consumer confidence, with unchanged current income, often causes total consumption spending to fall. d. All of the above. e. None of the above. 7. Which of the following people -- none of who ...
... b. The pre-announced phased-in tax cuts of 1981-83 caused little change in consumption in 1981. c. A drop in consumer confidence, with unchanged current income, often causes total consumption spending to fall. d. All of the above. e. None of the above. 7. Which of the following people -- none of who ...
Sudden stops, external debt and the exchange rate
... that helped governments borrow from domestic residents at ...
... that helped governments borrow from domestic residents at ...
Investments & the Stock Market PowerPoint
... Market PowerPoint Objective: Explain how the Federal Reserve, Stock Market, and e-commerce impact the United States’ economic system. ...
... Market PowerPoint Objective: Explain how the Federal Reserve, Stock Market, and e-commerce impact the United States’ economic system. ...
Estimation of efficiency to foreign economic activity of enterprise
... foreign markets it is necessary to know well the market, probably, to have there constant representatives who are employees of the given firm-exporter, well know its production, protect interests of the enterprise etc. ...
... foreign markets it is necessary to know well the market, probably, to have there constant representatives who are employees of the given firm-exporter, well know its production, protect interests of the enterprise etc. ...