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... (1989) model modified to allow for price discrimination, staggered price-setting, and capital accumulation. We introduce price-discriminating monopolists in order to get fluctuations in real exchange rates from fluctuations in the relative price of traded goods. (See the work of Dornbusch (1987), Kr ...
... (1989) model modified to allow for price discrimination, staggered price-setting, and capital accumulation. We introduce price-discriminating monopolists in order to get fluctuations in real exchange rates from fluctuations in the relative price of traded goods. (See the work of Dornbusch (1987), Kr ...
Emerging market currency composition of reserves
... 2. Explaining the currency composition of forex reserves How should reserve managers choose the currency composition of their reserves? The numeraire that is used to measure risks and returns has a very strong influence on calculated optimal currency allocations (Papaioannou et al (2006), Borio et a ...
... 2. Explaining the currency composition of forex reserves How should reserve managers choose the currency composition of their reserves? The numeraire that is used to measure risks and returns has a very strong influence on calculated optimal currency allocations (Papaioannou et al (2006), Borio et a ...
Indonesia We Need a Cute Subtitle
... Investors are still not enticed to invest with the even higher interest rates. Again, GDP falls and this process continues until the government realized that maintaining a fixed exchange rate was not going to work. ...
... Investors are still not enticed to invest with the even higher interest rates. Again, GDP falls and this process continues until the government realized that maintaining a fixed exchange rate was not going to work. ...
the importance of an efficient allocation of
... of the dangers of an obsession with the competitiveness of a country. The European Commission also has its own definition of this concept, perhaps the broadest and most abstract, which associates improvements in competitiveness with increases in living standards accompanied by the lowest possible le ...
... of the dangers of an obsession with the competitiveness of a country. The European Commission also has its own definition of this concept, perhaps the broadest and most abstract, which associates improvements in competitiveness with increases in living standards accompanied by the lowest possible le ...
View/Open
... 1977 Spanish production was equivalent to one-third that of Italy. In 1987 Spain’s production was only one half that of Italy, but by 1997 Spanish production was equivalent to 85% of Italian output. In the same year, exports represented 52% of total Spanish production. The success of Spanish produce ...
... 1977 Spanish production was equivalent to one-third that of Italy. In 1987 Spain’s production was only one half that of Italy, but by 1997 Spanish production was equivalent to 85% of Italian output. In the same year, exports represented 52% of total Spanish production. The success of Spanish produce ...
Long-Term Expected Rate of Return on Plan Assets
... Long-Term Expected Rate of Return on Plan Assets ...
... Long-Term Expected Rate of Return on Plan Assets ...
FRM-024 (Shipper Importer Declaration 9801.00.10)
... FOR U.S. GOODS RETURNED (US ARTICLES EXPORTED AND REIMPORTED) CLAIMED UNDER SUBHEADING 9801.00.10 VALUED OVER $2000 USD ...
... FOR U.S. GOODS RETURNED (US ARTICLES EXPORTED AND REIMPORTED) CLAIMED UNDER SUBHEADING 9801.00.10 VALUED OVER $2000 USD ...
$doc.title
... As argued by Calvo [1998a], following the literature on sovereign debt, a sovereign government has an incentive to subsidize foreign capital inflows to overcome the problem of its own moral hazard in setting trade, fiscal and monetary policies. We observe that government guarantees of foreign curren ...
... As argued by Calvo [1998a], following the literature on sovereign debt, a sovereign government has an incentive to subsidize foreign capital inflows to overcome the problem of its own moral hazard in setting trade, fiscal and monetary policies. We observe that government guarantees of foreign curren ...
Financial Markets
... A market for short-term instruments such as T-bills, commercial paper, banker’s acceptance, etc A subsector of fixed-income securities Money market instruments are highly marketable, offer low-return, posses low-risk Trade in large denominations, so are out of the reach of small investors ...
... A market for short-term instruments such as T-bills, commercial paper, banker’s acceptance, etc A subsector of fixed-income securities Money market instruments are highly marketable, offer low-return, posses low-risk Trade in large denominations, so are out of the reach of small investors ...
Regime Switches in Exchange Rate Volatility and Uncovered
... have reached the consensus that the depreciation of lower-interest currencies has been influenced by the carry trade activities in a low-volatility environment. A simple definition of the carry trade is “borrowing in a low-interest currency to invest in a higher one to earn the interest differential ...
... have reached the consensus that the depreciation of lower-interest currencies has been influenced by the carry trade activities in a low-volatility environment. A simple definition of the carry trade is “borrowing in a low-interest currency to invest in a higher one to earn the interest differential ...
Factors which affected the decline in trading volume
... decline in the number of companies during a bear market is not unique to the domestic stock market nor to the current time. Hence, in order to support the claim we need to examine if the observed decline is unusual compared with the rest of the world and in historical terms. An international compar ...
... decline in the number of companies during a bear market is not unique to the domestic stock market nor to the current time. Hence, in order to support the claim we need to examine if the observed decline is unusual compared with the rest of the world and in historical terms. An international compar ...
PDF
... A notable feature of the Sri Lankan economy has been its heavy reliance on international trade. International trade which accounted for 55% of the GDP at independence, declined considerably during the ensuing period with attempts at import substitution. With the removal of import and exchange contro ...
... A notable feature of the Sri Lankan economy has been its heavy reliance on international trade. International trade which accounted for 55% of the GDP at independence, declined considerably during the ensuing period with attempts at import substitution. With the removal of import and exchange contro ...
Review of Exchange Arrangements, Restrictions, and Controls
... See Fischer, 2001. Eichengreen and Razo-Garcia, 2006, find that the polarization is complete in advanced countries. However, while most high-income countries have either hard pegs or independently floating arrangements, there is a more mixed picture among emerging market and developing countries. ...
... See Fischer, 2001. Eichengreen and Razo-Garcia, 2006, find that the polarization is complete in advanced countries. However, while most high-income countries have either hard pegs or independently floating arrangements, there is a more mixed picture among emerging market and developing countries. ...
Understanding Changes in Exchange Rate PassThrough
... Association International, and 39th Global Conference on Business and Economics. All errors are her own. ...
... Association International, and 39th Global Conference on Business and Economics. All errors are her own. ...
DP2008/03 Changes in the transmission mechanism of monetary policy in New Zealand
... 2. Monetary policy has had a larger impact on the exchange rate than normal. Some commentators have argued that a given tightening of monetary policy has had a disproportionately large influence on the exchange rate when compared with previous cycles. A common explanation for this is that internatio ...
... 2. Monetary policy has had a larger impact on the exchange rate than normal. Some commentators have argued that a given tightening of monetary policy has had a disproportionately large influence on the exchange rate when compared with previous cycles. A common explanation for this is that internatio ...
AbootalebiShahrooz1979
... In attempting to solve these problems, careful consideration should be given to the concept and the fundamen-· tal objectives underlying the translation for the specific users, for whom the financial statements are being prepared. For investors who invest their equity in foreign operations, the fund ...
... In attempting to solve these problems, careful consideration should be given to the concept and the fundamen-· tal objectives underlying the translation for the specific users, for whom the financial statements are being prepared. For investors who invest their equity in foreign operations, the fund ...
NBER WORKING PAPER SERIES REAL EXCHANGE RATE VOLATILITY IN SUDDEN-STOP-PRONE ECONOMIES
... -2depreciation of the currency and systemic bankruptcies in the nontradables sector. The real depreciation occurs because the market price of nontradables collapses as the lack of credit forces a reduction of tradables consumption, while the supply of nontradables remains unaltered. If nontradables ...
... -2depreciation of the currency and systemic bankruptcies in the nontradables sector. The real depreciation occurs because the market price of nontradables collapses as the lack of credit forces a reduction of tradables consumption, while the supply of nontradables remains unaltered. If nontradables ...
PDF
... 1971, great part of the developed and industrialized countries started to adopt the regimen of floating exchange rates, which received a boost with the opening and financial integration of the market. Whereas in 1990s, this process increased more, reaching the emerging countries. However, this integ ...
... 1971, great part of the developed and industrialized countries started to adopt the regimen of floating exchange rates, which received a boost with the opening and financial integration of the market. Whereas in 1990s, this process increased more, reaching the emerging countries. However, this integ ...
Topics in Macroeconomics with Heterogeneous Households and
... Heterogeneous agent models have become the norm, rather than the exception, in modern macroeconomics (see, for an excellent review, Heathcote, Storesletten, and Violante, 2009; Guvenen, 2011). Advances in numerical methods and significant improvements in processing power of modern computers have mad ...
... Heterogeneous agent models have become the norm, rather than the exception, in modern macroeconomics (see, for an excellent review, Heathcote, Storesletten, and Violante, 2009; Guvenen, 2011). Advances in numerical methods and significant improvements in processing power of modern computers have mad ...
BUSINESS COMBINATIONS
... securities depend on management intent, which refers to management’s objectives regarding disposition of securities. This intent rule can result in identical debt securities being separately classified into one or any combination of all three classes of trading, held-to-maturity, and available-for ...
... securities depend on management intent, which refers to management’s objectives regarding disposition of securities. This intent rule can result in identical debt securities being separately classified into one or any combination of all three classes of trading, held-to-maturity, and available-for ...
Why YOU Should Trade CME Currency Futures Instead
... When I was ran FX trading at First Chicago, roughly 90 percent of the total FX volume in the world went through the interbank market, which means a bank FX desk was on one side of the transaction in 9 out of 10 trades. The cash FX liquidity of that era is unparalleled and none of you should make the ...
... When I was ran FX trading at First Chicago, roughly 90 percent of the total FX volume in the world went through the interbank market, which means a bank FX desk was on one side of the transaction in 9 out of 10 trades. The cash FX liquidity of that era is unparalleled and none of you should make the ...
From “One Country, Two Systems” to Monetary Integration?
... (monopoly) is not surprising. • With rising confidence about the Chinese economy and concern about “political correctness”, option (2), giving the HK dollar the status of legal tender or legally allowing HK dollars to circulate in parallel with the Renminbi in the Mainland, is really a non-starter. ...
... (monopoly) is not surprising. • With rising confidence about the Chinese economy and concern about “political correctness”, option (2), giving the HK dollar the status of legal tender or legally allowing HK dollars to circulate in parallel with the Renminbi in the Mainland, is really a non-starter. ...
The Price Puzzle in Emerging Markets:
... The important works of Blanchard (2003) and Favero and Giavazzi (2003) clearly show the importance of fiscal discipline and debt dynamics on the performance of inflation targeting for emerging markets. In an environment where the domestic public debt is high and the average maturity is short, concer ...
... The important works of Blanchard (2003) and Favero and Giavazzi (2003) clearly show the importance of fiscal discipline and debt dynamics on the performance of inflation targeting for emerging markets. In an environment where the domestic public debt is high and the average maturity is short, concer ...
IMFC Statement by Axel Kicillof, Minister of Economy and Public
... measures with a higher multiplier than buying bonds and those that improve income distribution and particularly trade. It has already been mentioned that trade surplus economies should increase internal demand or change their composition towards internal consumption, while trade deficit countries, t ...
... measures with a higher multiplier than buying bonds and those that improve income distribution and particularly trade. It has already been mentioned that trade surplus economies should increase internal demand or change their composition towards internal consumption, while trade deficit countries, t ...