Hong Kong Exchanges and Clearing Limited and The Stock
... “Stock Exchange”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement ...
... “Stock Exchange”) take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement ...
Forthcoming in Journal of Monetary Economics
... presence of imperfect exchange rate pass-through. However, they do not consider the costs of imperfect pass-through and as such ignore the explicit role for exchange rate stabilisation that it implies. This partly explains why the conclusions are sometimes different. For example, Devereux (2000) fin ...
... presence of imperfect exchange rate pass-through. However, they do not consider the costs of imperfect pass-through and as such ignore the explicit role for exchange rate stabilisation that it implies. This partly explains why the conclusions are sometimes different. For example, Devereux (2000) fin ...
Chapter 11 – Pure Monopoly
... What does the demand curve for the monopolistically competitive firm look like? Does the monopolistically competitive firm’s demand differ depending on the number of firms in the industry and the degree of product differentiation? What does this imply (state) about the price elasticity of demand for ...
... What does the demand curve for the monopolistically competitive firm look like? Does the monopolistically competitive firm’s demand differ depending on the number of firms in the industry and the degree of product differentiation? What does this imply (state) about the price elasticity of demand for ...
DP2005/04 Reaction functions in a small open economy: What role for non-traded inflation?
... small open economy with traded and non-traded sectors. Although there are a number of papers that explore this kind of setting, no consensus has yet been reached about the type of monetary policy that should be followed in a multisectoral economy. I examine this issue by establishing whether the cen ...
... small open economy with traded and non-traded sectors. Although there are a number of papers that explore this kind of setting, no consensus has yet been reached about the type of monetary policy that should be followed in a multisectoral economy. I examine this issue by establishing whether the cen ...
ESSAYS ON FLEXIBLE EXCHANGE RATES By Paul Robin Krugman
... who regard the exchange rate as (nothing but) the relative price of two monies, and those who regard it as (also) the relative price of domestic and foreign goods. ...
... who regard the exchange rate as (nothing but) the relative price of two monies, and those who regard it as (also) the relative price of domestic and foreign goods. ...
Ch12 – Financial Reporting and Translation of Foreign
... 29. The British subsidiary of a U.S. company reported cost of goods sold of 75,000 pounds (sterling) for the current year ended December 31. The beginning inventory was 10,000 pounds, and the ending inventory was 15,000 pounds. Spot rates for various dates are as ...
... 29. The British subsidiary of a U.S. company reported cost of goods sold of 75,000 pounds (sterling) for the current year ended December 31. The beginning inventory was 10,000 pounds, and the ending inventory was 15,000 pounds. Spot rates for various dates are as ...
Uncertainty ahead
... improvement in goods exports from indigenous sectors but the dominant force continued to be the increase in chemical and pharmaceutical exports; these were up €12.6 billion or 24.4% annually. Within this, the export of finished pharmaceuticals increased by almost €8 billion. These figures, however, ...
... improvement in goods exports from indigenous sectors but the dominant force continued to be the increase in chemical and pharmaceutical exports; these were up €12.6 billion or 24.4% annually. Within this, the export of finished pharmaceuticals increased by almost €8 billion. These figures, however, ...
Advanced Accounting Project Group #3
... Costco’s operating segments are divided or identified based on geographic locations. These locations include USA, Mexico, Canada, UK, Japan, and many other countries. On Costco’s financial statements, they broke it up into United States, Canada, and other International Operating Locations. According ...
... Costco’s operating segments are divided or identified based on geographic locations. These locations include USA, Mexico, Canada, UK, Japan, and many other countries. On Costco’s financial statements, they broke it up into United States, Canada, and other International Operating Locations. According ...
NBER WORKING PAPER SERIES MONETARY UNIONS, EXTERNAL SHOCKS AND ECONOMIC
... arrangement. This new interest has been largely triggered by the Euro experience. Scholars and policy makers have asked about the optimal number of currencies in the world economy. They have analyzed whether different countries satisfy the traditional “optimal currency area” criteria. These include, ...
... arrangement. This new interest has been largely triggered by the Euro experience. Scholars and policy makers have asked about the optimal number of currencies in the world economy. They have analyzed whether different countries satisfy the traditional “optimal currency area” criteria. These include, ...
Monetary Policy and the Determination of the Interest Rate and
... of domestic money market as in a closed economy. In this case, the exchange rate varies to maintain the balance of trade account and insulates the domestic economy from foreign disturbances. In contrast, in the Hundell-Fleming model, the exchange rate is the critical channel for the influence of mon ...
... of domestic money market as in a closed economy. In this case, the exchange rate varies to maintain the balance of trade account and insulates the domestic economy from foreign disturbances. In contrast, in the Hundell-Fleming model, the exchange rate is the critical channel for the influence of mon ...
Hyperinflation in Zimbabwe Money Demand, Seigniorage and Aid shocks Tara McIndoe
... receipts. ‘Over the past 4 years the Central Bank has maintained that the declared and undeclared sanctions are one of the main hindrances to our collective efforts to turning around the economy.’ RBZ (2008) This paper seeks to examine these explanations in more depth. A longrun money demand functio ...
... receipts. ‘Over the past 4 years the Central Bank has maintained that the declared and undeclared sanctions are one of the main hindrances to our collective efforts to turning around the economy.’ RBZ (2008) This paper seeks to examine these explanations in more depth. A longrun money demand functio ...
Determinants of Equity Prices in the Stock Market
... independent variables were determined on dependent variable i.e. market price of stock by using two regression models i.e. linear function model and logarithmic function model. The results showed a linear relationship between market price and net asset value per share, dividend percentage, earning p ...
... independent variables were determined on dependent variable i.e. market price of stock by using two regression models i.e. linear function model and logarithmic function model. The results showed a linear relationship between market price and net asset value per share, dividend percentage, earning p ...
Leading Indicators of Currency Crises
... recent papers, including those that highlight the possibility of self-fulfilling crises. Second, the paper surveys the empirical literature to take stock of the various approaches that have been used to assess the usefulness of potential indicators of currency crises, and to identify those indicator ...
... recent papers, including those that highlight the possibility of self-fulfilling crises. Second, the paper surveys the empirical literature to take stock of the various approaches that have been used to assess the usefulness of potential indicators of currency crises, and to identify those indicator ...
NBER WORKING PAPER SERIES ROLE REVERSAL IN GLOBAL FINANCE Eswar S. Prasad
... with the objective of sharing risk across countries, with foreign investors bearing capital as well as currency risk on such investment. Emerging markets have thus accumulated enough good karma to cast off their “original sin.”3 By contrast, portfolio debt and bank loans together constitute the majo ...
... with the objective of sharing risk across countries, with foreign investors bearing capital as well as currency risk on such investment. Emerging markets have thus accumulated enough good karma to cast off their “original sin.”3 By contrast, portfolio debt and bank loans together constitute the majo ...
Global Imbalances and the Financial Crisis
... some countries are putting in place show worrisome tendencies and some policy changes are being ignored. This Council Special Report does not pretend that tackling imbalances is easy. Moreover, it does not suggest any major overhaul of the world’s financial system because, despite its faults, the cu ...
... some countries are putting in place show worrisome tendencies and some policy changes are being ignored. This Council Special Report does not pretend that tackling imbalances is easy. Moreover, it does not suggest any major overhaul of the world’s financial system because, despite its faults, the cu ...
CHAPTER 6 TEXT ET AL
... In 1997, the trend of Israel’s balance of payments changed, as the current-account deficit declined to 3.7 percent of GDP, from 5.6 percent in 1996. The deficit’s rising trend and its high level in 1996 made it essential that the balance of payments should change direction and return to a sustainabl ...
... In 1997, the trend of Israel’s balance of payments changed, as the current-account deficit declined to 3.7 percent of GDP, from 5.6 percent in 1996. The deficit’s rising trend and its high level in 1996 made it essential that the balance of payments should change direction and return to a sustainabl ...
The Mirage of Capital Controls by Sebastian Edwards
... strengthening of the currency that is associated with capital inflow, and to increase the Central Bank’s control over domestic monetary policy. During the 1978-82 period the controls were particularly stringent, as foreign capital was virtually forbidden from entering the country for less than 5 and ...
... strengthening of the currency that is associated with capital inflow, and to increase the Central Bank’s control over domestic monetary policy. During the 1978-82 period the controls were particularly stringent, as foreign capital was virtually forbidden from entering the country for less than 5 and ...
The Global Financial Crisis Chapter 4
... Nevertheless, such a claim was not valid as the ECB stated that all such purchases were sterilized, i.e., the ECB reduced the money supply by an equal amount to the government bond purchases using other methods. The ECB bought relatively small amounts of bonds compared to the Fed’s purchases. ...
... Nevertheless, such a claim was not valid as the ECB stated that all such purchases were sterilized, i.e., the ECB reduced the money supply by an equal amount to the government bond purchases using other methods. The ECB bought relatively small amounts of bonds compared to the Fed’s purchases. ...
Market Musings
... Theme 1: Political Risks to Remain a Major Challenge Last week’s vote to Leave is a step into the unknown for the UK. While the outcome of the referendum continues to echo across the financial markets, currencies have seen some of the most violent adjustment across asset classes so far as investors ...
... Theme 1: Political Risks to Remain a Major Challenge Last week’s vote to Leave is a step into the unknown for the UK. While the outcome of the referendum continues to echo across the financial markets, currencies have seen some of the most violent adjustment across asset classes so far as investors ...
The Balance-of-Payments Accounts
... “balance-of-payments” statement and how it is constructed. • Analyze the difference between alternative accounting balances within the balance-of-payments. • Define the international investment position of a country. ...
... “balance-of-payments” statement and how it is constructed. • Analyze the difference between alternative accounting balances within the balance-of-payments. • Define the international investment position of a country. ...
Demutualizing African Stock Exchanges
... Majority of stock exchanges should move cautiously Demutualization should be seen as longrun objective ...
... Majority of stock exchanges should move cautiously Demutualization should be seen as longrun objective ...
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... for the case of Kazakhstan the predominant importance of oil prices). See Knedlik, Scheufele (2007). Berg, Pattillo (1999), Abiad (2003). ...
... for the case of Kazakhstan the predominant importance of oil prices). See Knedlik, Scheufele (2007). Berg, Pattillo (1999), Abiad (2003). ...
Effects of the U.S. Quantitative Easing on a Small Open Economy
... There has been widespread concern among policy-makers in emerging economies about the effects of Quantitative Easing (QE) policies implemented in developed economies. This comes from the fact that these measures have triggered large surges in capital inflows to emerging countries, leading to exchang ...
... There has been widespread concern among policy-makers in emerging economies about the effects of Quantitative Easing (QE) policies implemented in developed economies. This comes from the fact that these measures have triggered large surges in capital inflows to emerging countries, leading to exchang ...