Weakness in HK Currency Board System and Trading Opportunities
... the monitoring band system in Singapore not only allows a greater flexibility in the choice of the exchange rate, but also a greater autonomy in the choice of interest rates to mitigate a crisis, recession or overheating. The loopholes and de-pegging risks of the currency board might imply a substan ...
... the monitoring band system in Singapore not only allows a greater flexibility in the choice of the exchange rate, but also a greater autonomy in the choice of interest rates to mitigate a crisis, recession or overheating. The loopholes and de-pegging risks of the currency board might imply a substan ...
Chapter 19
... If traders expect a currency to depreciate in the short run, they may quickly sell the currency to make a profit, even if it is not expected to depreciate in the long run. ...
... If traders expect a currency to depreciate in the short run, they may quickly sell the currency to make a profit, even if it is not expected to depreciate in the long run. ...
AGENDA ITEM
... prospective end 2006 price earnings ratio of 13.6, the US of 15.0 and Eurozone of 13.0. This could allow western markets to make further progress during the first half of 2006, supported by artificially low bond yields, but the UK market could encounter technical resistance around 6000 on the FTSE 1 ...
... prospective end 2006 price earnings ratio of 13.6, the US of 15.0 and Eurozone of 13.0. This could allow western markets to make further progress during the first half of 2006, supported by artificially low bond yields, but the UK market could encounter technical resistance around 6000 on the FTSE 1 ...
15110 Economics Competition question book.indd
... (D) Tax revenue increases and government expenditure increases ...
... (D) Tax revenue increases and government expenditure increases ...
Full Text
... term influencing variables such as productivity differential, net external assets, terms of trade, government consumption and short term influencing variables such as real uncovered interest parity, expectations regarding economic growth, the degree in which an economy is open, capital`s market matu ...
... term influencing variables such as productivity differential, net external assets, terms of trade, government consumption and short term influencing variables such as real uncovered interest parity, expectations regarding economic growth, the degree in which an economy is open, capital`s market matu ...
why can`t we afford counter
... • Solution: behave more prudently in good times so you can still borrow in bad times – Ergo: Fiscal institutions and rules ...
... • Solution: behave more prudently in good times so you can still borrow in bad times – Ergo: Fiscal institutions and rules ...
ESCAP High-level Policy Dialogue
... the Chinese government will initiate another stimulus package. An active fiscal policy still will play an important role in keeping a reasonable growth rate and in improving live hood. More government spending should be shifted to raise people’s living standard and human capital. e.g. 4% of GDP us ...
... the Chinese government will initiate another stimulus package. An active fiscal policy still will play an important role in keeping a reasonable growth rate and in improving live hood. More government spending should be shifted to raise people’s living standard and human capital. e.g. 4% of GDP us ...
A Model of Currency Exchange Rates
... simulations is presented that is shown to be stable, simple, and fair. Based on foreign holdings of money, the model pegs exchange rates to allow for currency speculation. The effect of international trade, deposits, loans, and investments are discussed. Proof is given that the model is self limitin ...
... simulations is presented that is shown to be stable, simple, and fair. Based on foreign holdings of money, the model pegs exchange rates to allow for currency speculation. The effect of international trade, deposits, loans, and investments are discussed. Proof is given that the model is self limitin ...
Forecasting outstanding debt securities in Europe
... 4. Égert, B., Halpern, L. and R. MacDonald (2006) Equilibrium exchange rates in transition economies: Taking stock of the issues, Journal of Economic Surveys, 20(2), 253-324. 5. Gutierrez, E. (2006), "Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia", IMF ...
... 4. Égert, B., Halpern, L. and R. MacDonald (2006) Equilibrium exchange rates in transition economies: Taking stock of the issues, Journal of Economic Surveys, 20(2), 253-324. 5. Gutierrez, E. (2006), "Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia", IMF ...
Preparing for natural disasters - where does the Reserve Bank fit in
... is a small and relatively undiversified economy. This means that New Zealand’s ability to absorb the economic shock that can be caused by a natural disaster may be that much less. At the same time, the New Zealand economy is relatively developed – particularly in terms of the degree to which its mon ...
... is a small and relatively undiversified economy. This means that New Zealand’s ability to absorb the economic shock that can be caused by a natural disaster may be that much less. At the same time, the New Zealand economy is relatively developed – particularly in terms of the degree to which its mon ...
Open Economy Macroeconomics
... Effect of an Import Quota There is no change in the interest rate because nothing happens in the loanable funds market. There will be no change in net exports. There is no change in net foreign investment even though an import quota reduces imports. ...
... Effect of an Import Quota There is no change in the interest rate because nothing happens in the loanable funds market. There will be no change in net exports. There is no change in net foreign investment even though an import quota reduces imports. ...
IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
... expensive for the rest of world because foreign currency automatically gains value and hence, exports are expected to rise. In the same vein, imports are expected to reduce as the rest of the world’s commodities become more costly for domestic residents. To this end, favourable balance of trade shou ...
... expensive for the rest of world because foreign currency automatically gains value and hence, exports are expected to rise. In the same vein, imports are expected to reduce as the rest of the world’s commodities become more costly for domestic residents. To this end, favourable balance of trade shou ...
Parity Theory
... Markets don’t work well Construction of price indexes - Different goods - Goods of different qualities ...
... Markets don’t work well Construction of price indexes - Different goods - Goods of different qualities ...
Exchange Rates, the Balance of Payments, and Trade
... 18. Which of the following combinations is plausible, as it relates to a nation's balance of payments? A) current account = $ + 40 billion; capital account = $ + 20 billion; official reserves account = $ - 50 billion. B) current account - $ + 50 billion; capital account = $ - 20 billion; official re ...
... 18. Which of the following combinations is plausible, as it relates to a nation's balance of payments? A) current account = $ + 40 billion; capital account = $ + 20 billion; official reserves account = $ - 50 billion. B) current account - $ + 50 billion; capital account = $ - 20 billion; official re ...
1 Is a Change in the Renminbi Exchange Rate in China`s Interest?1
... But as the capital account grows more porous, tightening domestic credit conditions by selling short-term bills and three-year sterilization bonds just strengthens the tendency for capital to flow in. While the PBOC has been working hard to sterilize capital inflows, it has been only partially succe ...
... But as the capital account grows more porous, tightening domestic credit conditions by selling short-term bills and three-year sterilization bonds just strengthens the tendency for capital to flow in. While the PBOC has been working hard to sterilize capital inflows, it has been only partially succe ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... domestic medium of exchange for foreign substitutes. Rather, the substitution is gradual, with the extent of substitution growing with the domestic inflation rate. Substitution will then spread to the unit of account function of money when high inflation persists. Some prices, especially big-ticket ...
... domestic medium of exchange for foreign substitutes. Rather, the substitution is gradual, with the extent of substitution growing with the domestic inflation rate. Substitution will then spread to the unit of account function of money when high inflation persists. Some prices, especially big-ticket ...
Presentazione di PowerPoint
... Nash competition in the dual → each policymaker take as given policy instrument of the other country (Chari and Kehoe (1990) for fiscal policy competition, Corsetti and Pesenti (2002) for monetary policy competition with money supply instrument (determined residually from the real allocation) Nas ...
... Nash competition in the dual → each policymaker take as given policy instrument of the other country (Chari and Kehoe (1990) for fiscal policy competition, Corsetti and Pesenti (2002) for monetary policy competition with money supply instrument (determined residually from the real allocation) Nas ...
CSME – The Platform for Growth and Expansion of the
... quality of life for all citizens; elimination of poverty; and provision of adequate opportunities for young people, constituting an alternative to emigration; • Spatially equitable economic growth within the Community, having regard to the high growth potential of member states with relatively low p ...
... quality of life for all citizens; elimination of poverty; and provision of adequate opportunities for young people, constituting an alternative to emigration; • Spatially equitable economic growth within the Community, having regard to the high growth potential of member states with relatively low p ...
restrictions on foreign currency borrowing
... Succinctly, it is clear that the mere restriction of lending in foreign currency did not stabilize the economy nor stem the depreciation of the Hungarian national currency but rather, it required additional legislation and intervention measures to reduce Hungary’s debt and improve its economy. Simil ...
... Succinctly, it is clear that the mere restriction of lending in foreign currency did not stabilize the economy nor stem the depreciation of the Hungarian national currency but rather, it required additional legislation and intervention measures to reduce Hungary’s debt and improve its economy. Simil ...
Summary of my Research
... Review of Economic Studies (2004) This paper proposes a novel theory of boom-bust cycles generated by the interaction between contract enforceability problems and systemic bailout guarantees. The former imperfection may lead lenders to impose borrowing constraints to disincentivize borrowers to dive ...
... Review of Economic Studies (2004) This paper proposes a novel theory of boom-bust cycles generated by the interaction between contract enforceability problems and systemic bailout guarantees. The former imperfection may lead lenders to impose borrowing constraints to disincentivize borrowers to dive ...
2016 Outlook - Macroeconomic and Banking Sector Themes
... demand. Q3 2015 GDP growth stood at 2.8%, up from In view of the N1billion fine slammed on Stanbic IBTC 2.4% growth recorded in Q2 2015. The overall economy by the Financial Reporting Council (FRC) for alleged was negatively affected by an “artificially” strong naira misrepresentation of its financi ...
... demand. Q3 2015 GDP growth stood at 2.8%, up from In view of the N1billion fine slammed on Stanbic IBTC 2.4% growth recorded in Q2 2015. The overall economy by the Financial Reporting Council (FRC) for alleged was negatively affected by an “artificially” strong naira misrepresentation of its financi ...
Ultra-low or negative interest rates
... such a threat really exists.5 Signs of a downward price spiral are very hard to detect in Europe.6 What we saw, in 2014 and in January 2015, was a strong disinflation driven by the falling price of oil.7 In fact, the euro zone’s annual core inflation rate (ie headline inflation minus energy, food, t ...
... such a threat really exists.5 Signs of a downward price spiral are very hard to detect in Europe.6 What we saw, in 2014 and in January 2015, was a strong disinflation driven by the falling price of oil.7 In fact, the euro zone’s annual core inflation rate (ie headline inflation minus energy, food, t ...
Should Mexico Adopt the US Dollar? A Preliminary Index
... eliminating deposit banks’ role in investment finance may have severe consequences for investment and real economic activity. That would be the case if deposit-taking banks have an edge in reducing informational frictions on the lending side due to their handling of lenders’ deposits and transaction ...
... eliminating deposit banks’ role in investment finance may have severe consequences for investment and real economic activity. That would be the case if deposit-taking banks have an edge in reducing informational frictions on the lending side due to their handling of lenders’ deposits and transaction ...