5-Finance and crises - Prof. Ruggero Ranieri
... broadly economic) national policy, for example a fiscal deficit when needed to boost economic growth. • 3) enjoy freedom of capital flows, in order to have a more efficient financial system, international investment etc. As we shall see this third point is now being challenged. ...
... broadly economic) national policy, for example a fiscal deficit when needed to boost economic growth. • 3) enjoy freedom of capital flows, in order to have a more efficient financial system, international investment etc. As we shall see this third point is now being challenged. ...
International monetary system in the second half of XXth century and
... the European Monetary System and supported the concept of a central bank, which developed as the European Central Bank. The Triffin dilemma is a theory that when a national currency also serves as an international reserve currency, there could be conflicts of interest between shortterm domestic and ...
... the European Monetary System and supported the concept of a central bank, which developed as the European Central Bank. The Triffin dilemma is a theory that when a national currency also serves as an international reserve currency, there could be conflicts of interest between shortterm domestic and ...
The Fall of the Rupee Prabhat Patnaik
... Now, it so happens that the nineties of the last century and the early years of the present, i.e. precisely the period when India started its neo-liberal policies, were periods of boom in the metropolis, especially in the U.S., because of a series of “bubbles”, first the “dot-com bubble” and then th ...
... Now, it so happens that the nineties of the last century and the early years of the present, i.e. precisely the period when India started its neo-liberal policies, were periods of boom in the metropolis, especially in the U.S., because of a series of “bubbles”, first the “dot-com bubble” and then th ...
Selected Topics from Chapter 5: International Markets
... Large Open Economies and the Worldwide Interest Rate Logically, we can’t assume that a large worldwide economy like that of the US can be analyzed in the same way as a smaller economy like that of, say, French Guinea. Why not? The largest difference is that the United States is enough of a world pla ...
... Large Open Economies and the Worldwide Interest Rate Logically, we can’t assume that a large worldwide economy like that of the US can be analyzed in the same way as a smaller economy like that of, say, French Guinea. Why not? The largest difference is that the United States is enough of a world pla ...
I. Trade Volatility, Trade Challenges, Trade Crises
... not get “out of line”. – the current account deficit should rarely exceed 3% of GDP in the long run. ...
... not get “out of line”. – the current account deficit should rarely exceed 3% of GDP in the long run. ...
Note: Information that can identify a particular person or an
... For tourists and visitors on business from overseas, free Wi-Fi, city maps in foreign languages, menus in foreign languages that can be shared in restaurants, hotels and commercial areas or financial assistance to prepare them are required. A map showing facilities that foreign tourists are likely t ...
... For tourists and visitors on business from overseas, free Wi-Fi, city maps in foreign languages, menus in foreign languages that can be shared in restaurants, hotels and commercial areas or financial assistance to prepare them are required. A map showing facilities that foreign tourists are likely t ...
Document
... exports > imports: current account > 0 and trade balance > 0 – when a country exports more than it imports, it earns more income from exports than it spends on imports – net foreign wealth is increasing ...
... exports > imports: current account > 0 and trade balance > 0 – when a country exports more than it imports, it earns more income from exports than it spends on imports – net foreign wealth is increasing ...
The Korean Financial Crisis - The Centre for Independent Studies
... At this time the Won currency market had ceased to operate for four consecutive days with no sellers of US dollars for Won. Despite the severe shortage of foreign currency, the government squandered its first tranche of nearly $US6 billion from the IMF in a futile attempt to maintain the overvalued ...
... At this time the Won currency market had ceased to operate for four consecutive days with no sellers of US dollars for Won. Despite the severe shortage of foreign currency, the government squandered its first tranche of nearly $US6 billion from the IMF in a futile attempt to maintain the overvalued ...
P R I M
... to contract in domestic currency, in which case contracts will be shortterm. Or they may contract in a currency in which they have confidence (normally the U.S. dollar), at longer maturities. This choice gives rise then to the “twin mismatches.” Capital flows create either high liquidity risks (stem ...
... to contract in domestic currency, in which case contracts will be shortterm. Or they may contract in a currency in which they have confidence (normally the U.S. dollar), at longer maturities. This choice gives rise then to the “twin mismatches.” Capital flows create either high liquidity risks (stem ...
National Income Accounts
... sometimes known as the non-accelerating inflation rate of Unemployment (NAIRU). When unemployment is at its natural rate there is no tendency for inflation to increase. ...
... sometimes known as the non-accelerating inflation rate of Unemployment (NAIRU). When unemployment is at its natural rate there is no tendency for inflation to increase. ...
International Economics, 7e (Husted/Melvin)
... balance of trade effects of a devaluation will appear on quantities traded. Answer: False Explanation: None Given 3) The evidence available suggests that the effects of devaluation appear to differ across countries and time so that no strong generalizations regarding the effects of devaluation on th ...
... balance of trade effects of a devaluation will appear on quantities traded. Answer: False Explanation: None Given 3) The evidence available suggests that the effects of devaluation appear to differ across countries and time so that no strong generalizations regarding the effects of devaluation on th ...
Asia Market Intelligence
... Sub-Saharan Africa activities. There are two primary operating entities in South Africa, one of which is The Hongkong and Shanghai Banking Corporation Limited, which offers corporate banking, commercial banking, transaction banking, investment banking, treasury and capital markets services to the HS ...
... Sub-Saharan Africa activities. There are two primary operating entities in South Africa, one of which is The Hongkong and Shanghai Banking Corporation Limited, which offers corporate banking, commercial banking, transaction banking, investment banking, treasury and capital markets services to the HS ...
Coping with Asia`s Large Capital Inflows in a Multi
... • fixing (changes in reserves; not in exchange rate) vs. • floating (changes in exchange rate; no reserves). ...
... • fixing (changes in reserves; not in exchange rate) vs. • floating (changes in exchange rate; no reserves). ...
To Our Clients and Friends of Parthenon LLC Popular Locales Mid
... strong earnings growth and the industries have very favorable near-term supply and demand characteristics. The long-term outlook also has some alluring attributes. In addition, the stocks have exhibited strong price momentum. These are all the characteristics that combine to make “hot” stock sectors ...
... strong earnings growth and the industries have very favorable near-term supply and demand characteristics. The long-term outlook also has some alluring attributes. In addition, the stocks have exhibited strong price momentum. These are all the characteristics that combine to make “hot” stock sectors ...
DOC - World bank documents
... system and reducing regulatory costs affecting interest rates. The central bank maintained an accommodating monetary policy stance in the context of subdued economic activity, while maintaining exchange rate and financial and price stability. However, domestic long-term interest rates did not change ...
... system and reducing regulatory costs affecting interest rates. The central bank maintained an accommodating monetary policy stance in the context of subdued economic activity, while maintaining exchange rate and financial and price stability. However, domestic long-term interest rates did not change ...
Dollar steady versus euro, yen amid lower US yields
... a sixyear high of 110.09 yen on factors titled Don't buy the dollar, just sell the including expectations for an early rate euro, Juckes said the European outlook hike by the Fed. has taken a turn for the worse, with re However, a recent decline in US cent data confirming that the Ukraine Treasury ...
... a sixyear high of 110.09 yen on factors titled Don't buy the dollar, just sell the including expectations for an early rate euro, Juckes said the European outlook hike by the Fed. has taken a turn for the worse, with re However, a recent decline in US cent data confirming that the Ukraine Treasury ...
Suriname_en.pdf
... food and fuels and wage increases awarded to civil servants. By February 2011, inflation had accelerated to 18.8 %, and remains a concern to policymakers. Meanwhile, in early 2011, the authorities devalued the Surinamese dollar by 20%, bringing the official rate in line with the rate in the parallel ...
... food and fuels and wage increases awarded to civil servants. By February 2011, inflation had accelerated to 18.8 %, and remains a concern to policymakers. Meanwhile, in early 2011, the authorities devalued the Surinamese dollar by 20%, bringing the official rate in line with the rate in the parallel ...
doc
... (those who produced y) will be worse off than without trade; however, if a scheme were implemented so that those who benefit from trade can compensate those who lose, then all members of the country would benefit or at least none need be worse off; for example, the government could tax those who ben ...
... (those who produced y) will be worse off than without trade; however, if a scheme were implemented so that those who benefit from trade can compensate those who lose, then all members of the country would benefit or at least none need be worse off; for example, the government could tax those who ben ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... way related to the hostilities there. Alternatively, one might attribute South Korea's export growth to government targets. While such targets have played a role, it is unlikely that they are the sole or even the major reason exports grew so rapidly. Unless incentives to export accompany targets, fi ...
... way related to the hostilities there. Alternatively, one might attribute South Korea's export growth to government targets. While such targets have played a role, it is unlikely that they are the sole or even the major reason exports grew so rapidly. Unless incentives to export accompany targets, fi ...
DOLLARS AND DEFICITS – THE US CURRENT ACCOUNT
... to maintain the value of the currency then it would induce a monetary expansion and would reduce the impact on output. However, inflation would rise. The appropriate monetary reaction in response to a rise in the euro is impossible to judge unless one knows the reason for the appreciation, and a foc ...
... to maintain the value of the currency then it would induce a monetary expansion and would reduce the impact on output. However, inflation would rise. The appropriate monetary reaction in response to a rise in the euro is impossible to judge unless one knows the reason for the appreciation, and a foc ...
China`s Inflation and Hong Kong`s Deflation
... and aluminium, have also jumped by as much as 5 percent. All of these changes signal that the Mainland economy has been over-heating. Unquestionably, the rising CPI, especially the dramatic rises in prices for agricultural produce and raw materials, stems from the weaker renminbi (RMB) as a result f ...
... and aluminium, have also jumped by as much as 5 percent. All of these changes signal that the Mainland economy has been over-heating. Unquestionably, the rising CPI, especially the dramatic rises in prices for agricultural produce and raw materials, stems from the weaker renminbi (RMB) as a result f ...
Slides. - Harvard Kennedy School
... “financial repression,” which • Featured uncompetitive financial intermediaries, • kept interest rates artificially low, and • allocated capital administratively rather than by market forces. ...
... “financial repression,” which • Featured uncompetitive financial intermediaries, • kept interest rates artificially low, and • allocated capital administratively rather than by market forces. ...
open economy 開放的經濟體系
... how much a country exports and imports. (real exchange rate = terms of trade 貿易條件) • A depreciation (fall) in Taiwan real exchange rate: 貶值 (P/ePF) ↓ ，due to P ↓or PF↑ or e↑ Taiwan goods have become cheaper relative to foreign goods. IM ↓ and EX ↑ NX ↑ Copyright © 2004 South-Western ...
... how much a country exports and imports. (real exchange rate = terms of trade 貿易條件) • A depreciation (fall) in Taiwan real exchange rate: 貶值 (P/ePF) ↓ ，due to P ↓or PF↑ or e↑ Taiwan goods have become cheaper relative to foreign goods. IM ↓ and EX ↑ NX ↑ Copyright © 2004 South-Western ...