Deficit Conundrums: The Determinants of India’s Export Behavior
... believe that the movements in nominal exchange rates have real effects. In fact, firms often spend time and resources to hedge against exchange rate risk and lobby policy-makers to intervene in the exchange rate market to stabilize currencies, if not peg them to other currencies (Dekle and Ryoo, 200 ...
... believe that the movements in nominal exchange rates have real effects. In fact, firms often spend time and resources to hedge against exchange rate risk and lobby policy-makers to intervene in the exchange rate market to stabilize currencies, if not peg them to other currencies (Dekle and Ryoo, 200 ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Reducing Inflation: Motivation and Strategy
... lower average rates of inflation. The empirical evidence indicates that average rates of inflation are significantly lower in more open economies. These results are stronger in countries that are less politically stable and have less independent central banks. This is consistent with the idea that t ...
... lower average rates of inflation. The empirical evidence indicates that average rates of inflation are significantly lower in more open economies. These results are stronger in countries that are less politically stable and have less independent central banks. This is consistent with the idea that t ...
Capital Flow Policies, Monetary Policy and Coordination
... exchange interventions by many EMEs. What the discussion over the past five years in international policy forums about capital flows therefore underlines is that there are important policy spillovers of domestic policy decisions, including monetary policy. This makes a strong case for policy coordin ...
... exchange interventions by many EMEs. What the discussion over the past five years in international policy forums about capital flows therefore underlines is that there are important policy spillovers of domestic policy decisions, including monetary policy. This makes a strong case for policy coordin ...
File
... (1) business risk, (2) financial risk (leverage), (3) liquidity risk, (4) exchange rate risk, and (5) country (political) risk. Business risk is the uncertainty of income flows caused by the nature of a firm’s business. The less certain the income flows of the firm, the less certain the income flows ...
... (1) business risk, (2) financial risk (leverage), (3) liquidity risk, (4) exchange rate risk, and (5) country (political) risk. Business risk is the uncertainty of income flows caused by the nature of a firm’s business. The less certain the income flows of the firm, the less certain the income flows ...
International Financial Integration and Consumption Risk Sharing Aidan Corcoran
... possible that such “Shiller securities” (Shiller, 1993) could be adequately proxied by a portfolio of currently available securities. If purchasing power parity does not hold, consumption may be expected to depend on the real exchange rate. Obstfeld and Rogoff (2000) claim that segmented goods marke ...
... possible that such “Shiller securities” (Shiller, 1993) could be adequately proxied by a portfolio of currently available securities. If purchasing power parity does not hold, consumption may be expected to depend on the real exchange rate. Obstfeld and Rogoff (2000) claim that segmented goods marke ...
Rating agencies` signals during the European
... The European sovereign debt crisis brought increased attention to the role of credit rating agencies (CRAs) and the interdependence between financial markets during crises. IMF (2010a) stated that sovereign default was the most pressing risk facing the global economy. Many sovereign ratings, particul ...
... The European sovereign debt crisis brought increased attention to the role of credit rating agencies (CRAs) and the interdependence between financial markets during crises. IMF (2010a) stated that sovereign default was the most pressing risk facing the global economy. Many sovereign ratings, particul ...
NBER WORKING PAPER SERIES ON CHINA'S CURRENT ACCOUNT
... impact of a variable xi on the current account balance is +, then the shock to xi is + 1 s.d., if the impact of xi on the current account balance is negative, then the shock to xi is - 1 s.d.]. The second scenario is the opposite, the “bad 1 s.d scenario,” where each of the conditioning variables g ...
... impact of a variable xi on the current account balance is +, then the shock to xi is + 1 s.d., if the impact of xi on the current account balance is negative, then the shock to xi is - 1 s.d.]. The second scenario is the opposite, the “bad 1 s.d scenario,” where each of the conditioning variables g ...
The mining boom: impacts and prospects
... The biggest mining boom in Australian history since the gold rush of the 1850s is about to change shape. The investment phase of the boom, which has seen $400 billion invested in the last decade, is tapering off. The elevated prices paid for Australian mineral exports since 2003 are falling, and wit ...
... The biggest mining boom in Australian history since the gold rush of the 1850s is about to change shape. The investment phase of the boom, which has seen $400 billion invested in the last decade, is tapering off. The elevated prices paid for Australian mineral exports since 2003 are falling, and wit ...
Price Volatility, Trading Activity and Market Depth
... contracts traded on the Taiwan Futures Exchange (TAIFEX) and Singapore Exchange Derivatives Trading Division (SGX-DT). Two different methodologies, the OLS-based and GARCH-based models, are used to test the robustness of the result and to obtain a sensitivity check. The major findings of this invest ...
... contracts traded on the Taiwan Futures Exchange (TAIFEX) and Singapore Exchange Derivatives Trading Division (SGX-DT). Two different methodologies, the OLS-based and GARCH-based models, are used to test the robustness of the result and to obtain a sensitivity check. The major findings of this invest ...
Inflation Targeting in Transition Economies Experience and Prospects
... 4. For a discussion of whether Hungary is ready for inflation targeting, see Siklos and Ábel ...
... 4. For a discussion of whether Hungary is ready for inflation targeting, see Siklos and Ábel ...
PART I – Financial Information
... the effective interest method, or the straight-line method, if the result is not materially different. In addition, interest on loans with increasing interest rates and scheduled principal pre-payments, is also recognized using the effective interest method. Assets Transferred from Held For Sale to ...
... the effective interest method, or the straight-line method, if the result is not materially different. In addition, interest on loans with increasing interest rates and scheduled principal pre-payments, is also recognized using the effective interest method. Assets Transferred from Held For Sale to ...
Capital Management Techniques In Developing Countries:
... controls to include what we term “capital management techniques.” Capital management techniques include the traditional menu of capital controls but add a set of policies that we term “prudential financial regulations.” We argue that certain types of prudential financial regulations actually functi ...
... controls to include what we term “capital management techniques.” Capital management techniques include the traditional menu of capital controls but add a set of policies that we term “prudential financial regulations.” We argue that certain types of prudential financial regulations actually functi ...
Derivatives and Volatility on Indian Stock Markets
... cash markets has remained an active topic of analytic and empirical interest. Questions pertaining to the impact of derivative trading on cash market volatility have been empirically addressed in two ways: by comparing cash market volatilities during the pre-and post-futures/ options trading eras an ...
... cash markets has remained an active topic of analytic and empirical interest. Questions pertaining to the impact of derivative trading on cash market volatility have been empirically addressed in two ways: by comparing cash market volatilities during the pre-and post-futures/ options trading eras an ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... economy. Since there are no good arguments for very high rates of inflation, a government that is producing high inflation is a government that has lost control. Economic growth is likely to be low in such an economy. This same argument is the main reason to expect a negative association between bud ...
... economy. Since there are no good arguments for very high rates of inflation, a government that is producing high inflation is a government that has lost control. Economic growth is likely to be low in such an economy. This same argument is the main reason to expect a negative association between bud ...
International trade and economic growth
... opponents of free trade. The blessings of division of labour had been a too ostensibly manifest fact to deny it in those times of transition from agricultural to industrial economy. Indeed, Friedrich List, one of the first economists that presented a theory, according to which free foreign trade may ...
... opponents of free trade. The blessings of division of labour had been a too ostensibly manifest fact to deny it in those times of transition from agricultural to industrial economy. Indeed, Friedrich List, one of the first economists that presented a theory, according to which free foreign trade may ...
Chapter 4: Separated at Birth? The Twin Budget and Trade
... How do changes in taxes and government spending affect an economy’s external balance? Based on a historical analysis of documented fiscal policy changes and on model simulations, this chapter finds that the current account responds substantially to fiscal policy—a fiscal consolidation of 1 percent o ...
... How do changes in taxes and government spending affect an economy’s external balance? Based on a historical analysis of documented fiscal policy changes and on model simulations, this chapter finds that the current account responds substantially to fiscal policy—a fiscal consolidation of 1 percent o ...
Food Prices and Inflation in Tanzania
... possible to the notional output and consumption path that would be followed if all prices were fully flexible (see, for example, Woodford, 2003). Hence monetary policy should target only those prices over which it has leverage, namely core prices, and accommodate movements in non-core inflation, at ...
... possible to the notional output and consumption path that would be followed if all prices were fully flexible (see, for example, Woodford, 2003). Hence monetary policy should target only those prices over which it has leverage, namely core prices, and accommodate movements in non-core inflation, at ...
Migrant Worker Remittance Payments
... will have an effect on the marketing world citing data from recent market research studies on near field communication technology and mobile payment uptake estimates. Lunden (2009) gives insight into the actual uptake of mobile payment devices and a cross industry approach used to bring mobile payme ...
... will have an effect on the marketing world citing data from recent market research studies on near field communication technology and mobile payment uptake estimates. Lunden (2009) gives insight into the actual uptake of mobile payment devices and a cross industry approach used to bring mobile payme ...
Asset Management: Illustrative annual report for
... This publication is exclusively designed for the general information of readers and is (i) not intended to address the specific circumstances of any particular individual or entity and (ii) not necessarily comprehensive, complete, accurate or up to date and hence cannot be relied upon to take busin ...
... This publication is exclusively designed for the general information of readers and is (i) not intended to address the specific circumstances of any particular individual or entity and (ii) not necessarily comprehensive, complete, accurate or up to date and hence cannot be relied upon to take busin ...