M o n e t a r y ... C o n t e n t s 1 November 1998
... Given the recent economic and financial turbulence internationally, projecting an economic recovery so soon may appear optimistic. On the other hand, with the recent substantial easing in monetary policy, and New Zealand’s previous experience when conditions were at this level, projecting such a mod ...
... Given the recent economic and financial turbulence internationally, projecting an economic recovery so soon may appear optimistic. On the other hand, with the recent substantial easing in monetary policy, and New Zealand’s previous experience when conditions were at this level, projecting such a mod ...
India and the Eurozone: A Commentary on the Political Economy of
... The conventional wisdom of the time regarded the foremost impact of advanced economy country policies of the 2000s on developing countries through transmission effects in international trade. This was in keeping with the mainstream trade model that regarded the trade balance as a measure of competi ...
... The conventional wisdom of the time regarded the foremost impact of advanced economy country policies of the 2000s on developing countries through transmission effects in international trade. This was in keeping with the mainstream trade model that regarded the trade balance as a measure of competi ...
Financial Development and Economic Growth in a Transition
... As regards the role of foreign bank financing in CEE, the studies are still scarce. De Haas and van Lelyveld (2003) support that greenfield foreign banks were a stabilising force during period crisis in CEE, while Fries and Taci (2002) show that the share of foreign banks in the total assets of the ...
... As regards the role of foreign bank financing in CEE, the studies are still scarce. De Haas and van Lelyveld (2003) support that greenfield foreign banks were a stabilising force during period crisis in CEE, while Fries and Taci (2002) show that the share of foreign banks in the total assets of the ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... During the initial phase of the free-floating period, the HK dollar was very strong. However, from 1977 onward, it was subject to considerable downward pressure. The trade deficit was growing. Money supply, M2, increased at the rate of almost 25 percent a year, mainly because of even faster growth i ...
... During the initial phase of the free-floating period, the HK dollar was very strong. However, from 1977 onward, it was subject to considerable downward pressure. The trade deficit was growing. Money supply, M2, increased at the rate of almost 25 percent a year, mainly because of even faster growth i ...
Economics and Political Economy
... Abstract. The purpose of this paper is to empirically investigate whether certain exchange rate arrangements are more prone to currency crises using a probit model. We define a currency crisis as a period characterised by the presence of intense foreign exchange market pressure. The definition is ba ...
... Abstract. The purpose of this paper is to empirically investigate whether certain exchange rate arrangements are more prone to currency crises using a probit model. We define a currency crisis as a period characterised by the presence of intense foreign exchange market pressure. The definition is ba ...
Chapter 22 Developing Countries: Growth, Crisis
... tendency of convergence to the income levels of industrial countries. – Countries in Africa and Latin America have grown at very low rates. – East Asian countries have tended to grow at very high ...
... tendency of convergence to the income levels of industrial countries. – Countries in Africa and Latin America have grown at very low rates. – East Asian countries have tended to grow at very high ...
Parkin-Bade Chapter 34 - Pearson Higher Education
... Inflation rate targeting is a monetary policy strategy in which the central bank makes a public commitment 1. To achieve an explicit inflation target 2. To explain how its policy actions will achieve that target Several central banks practice inflation targeting and have done so since the mid-1990s. ...
... Inflation rate targeting is a monetary policy strategy in which the central bank makes a public commitment 1. To achieve an explicit inflation target 2. To explain how its policy actions will achieve that target Several central banks practice inflation targeting and have done so since the mid-1990s. ...
Monetary Policy Objectives and Framework
... Inflation rate targeting is a monetary policy strategy in which the central bank makes a public commitment 1. To achieve an explicit inflation target 2. To explain how its policy actions will achieve that target Several central banks practice inflation targeting and have done so since the mid-1990s. ...
... Inflation rate targeting is a monetary policy strategy in which the central bank makes a public commitment 1. To achieve an explicit inflation target 2. To explain how its policy actions will achieve that target Several central banks practice inflation targeting and have done so since the mid-1990s. ...
The Regulatory Responses to the Global Financial Crisis
... instruments were held in other advanced economies and by the official sector in several emerging markets – and funded by dollar-based liabilities in other, non-dollar-based countries. Cross-border banking and other capital flows had increased sharply, notably for and among advanced European countrie ...
... instruments were held in other advanced economies and by the official sector in several emerging markets – and funded by dollar-based liabilities in other, non-dollar-based countries. Cross-border banking and other capital flows had increased sharply, notably for and among advanced European countrie ...
Political Contagion in Currency Crises
... differences across large investors for major currencies; and the cascade model relies on significant transactions costs in order to generate sequential behavior, but foreign exchange markets are not characterized by such high transactions costs. Moreover, in discussions of the applicability of casca ...
... differences across large investors for major currencies; and the cascade model relies on significant transactions costs in order to generate sequential behavior, but foreign exchange markets are not characterized by such high transactions costs. Moreover, in discussions of the applicability of casca ...
TURKISH G20 PRESIDENCY PRIORITIES FOR 2015
... our economies has fallen and the inequalities kept rising all over the world. There still exist critical challenges to be addressed by the G20. This means that, the G20 is still highly important and relevant in a post-crisis world. The G20 is the premier platform for global economic and financial is ...
... our economies has fallen and the inequalities kept rising all over the world. There still exist critical challenges to be addressed by the G20. This means that, the G20 is still highly important and relevant in a post-crisis world. The G20 is the premier platform for global economic and financial is ...
Matrix
... computes the cost of U.S. goods and services in other countries. computes the dollar cost of goods and services produced in other countries. analyzes the costs and benefits (to citizens of the U.S. and other countries) of public policy decisions made in the United States and in other countries. calc ...
... computes the cost of U.S. goods and services in other countries. computes the dollar cost of goods and services produced in other countries. analyzes the costs and benefits (to citizens of the U.S. and other countries) of public policy decisions made in the United States and in other countries. calc ...
Monetary and Fiscal Policy Effectiveness in China
... money supply targeting rule in stabilizing China’s economy. Chen, et al (2011) argue that the effectiveness of non-standard forms of monetary policy, such as “window guidance” for commercial bank lending levels, are likely to diminish as financial markets become less distorted. Similarly, Fukumoto e ...
... money supply targeting rule in stabilizing China’s economy. Chen, et al (2011) argue that the effectiveness of non-standard forms of monetary policy, such as “window guidance” for commercial bank lending levels, are likely to diminish as financial markets become less distorted. Similarly, Fukumoto e ...
NBER WORKING PAPER SERIES HONG KONG’S CURRENCY BOARD AND CHANGING MONETARY
... from the devaluation of the sterling forced the eventual abolition of the link between the sterling and HK dollar. The latter was pegged to the US dollar at a rate within an intervention band. This also did not last long. Again devaluation of the US dollar and an inflow of capital to Hong Kong led t ...
... from the devaluation of the sterling forced the eventual abolition of the link between the sterling and HK dollar. The latter was pegged to the US dollar at a rate within an intervention band. This also did not last long. Again devaluation of the US dollar and an inflow of capital to Hong Kong led t ...
Economic history in the 20th century
... 8.3 What happened in the USA?................................................................................... 87 8.4 What happened in Germany?.................................................................................. 88 8.5 What happened in primary producing countries?.................... ...
... 8.3 What happened in the USA?................................................................................... 87 8.4 What happened in Germany?.................................................................................. 88 8.5 What happened in primary producing countries?.................... ...
Choices to Address Foreign Currency Exposure
... First, various established currency trading strategies have tended to produce returns, which can be proxied by style or risk factors and have the nature of beta returns. Many academic and professional studies support the notion that various types of currency trading strategies have been quite profit ...
... First, various established currency trading strategies have tended to produce returns, which can be proxied by style or risk factors and have the nature of beta returns. Many academic and professional studies support the notion that various types of currency trading strategies have been quite profit ...
J. Richardson
... balance—of—payments or aggregate—employment grounds. Cooper's treatment of this observation was eloquent, but the observation predates his paper, and has enjoyed a continuing popularity as an argument for exchange—rate flexibility, for example: ...
... balance—of—payments or aggregate—employment grounds. Cooper's treatment of this observation was eloquent, but the observation predates his paper, and has enjoyed a continuing popularity as an argument for exchange—rate flexibility, for example: ...
Progress Note template
... passing on foreign exchange loss costs to clients are: Index local currency lending. MFI’s change their rates over time to account for foreign exchange losses. This can be effective in environments with consistent, predictable currency movement. This needs to be managed carefully, however, so that c ...
... passing on foreign exchange loss costs to clients are: Index local currency lending. MFI’s change their rates over time to account for foreign exchange losses. This can be effective in environments with consistent, predictable currency movement. This needs to be managed carefully, however, so that c ...
Debt-Creating Capital Flows and their Macroeconomic Implications
... Estimating the macroeconomic effects of foreign capital flows deserves special attention for an emerging market economy, since foreign capital can augment domestic savings as well as accelerate productive investments, promote financial deepening and risk diversification. At the same time, internatio ...
... Estimating the macroeconomic effects of foreign capital flows deserves special attention for an emerging market economy, since foreign capital can augment domestic savings as well as accelerate productive investments, promote financial deepening and risk diversification. At the same time, internatio ...
Monetary Policy Strategies in the Asia and Pacific Region: What
... recession. What have we learned about monetary policymaking and more importantly what might be the way forward? While the proximate cause of the crisis can be traced to the subprime mortgage market in the US, the underlying sources go deeper than that and involve issues of incentives in the structur ...
... recession. What have we learned about monetary policymaking and more importantly what might be the way forward? While the proximate cause of the crisis can be traced to the subprime mortgage market in the US, the underlying sources go deeper than that and involve issues of incentives in the structur ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER International Seminar on Macroeconomics
... many countries implemented large fiscal stimulus packages aimed at mitigating the effects of the recession. A number of influential papers were supportive of these policy actions on the premise that fiscal multipliers were likely to be especially large in an environment in which monetary policy was ...
... many countries implemented large fiscal stimulus packages aimed at mitigating the effects of the recession. A number of influential papers were supportive of these policy actions on the premise that fiscal multipliers were likely to be especially large in an environment in which monetary policy was ...
THE EURO AS A THREAT TO EUROPEAN INTEGRATION THE IMF
... disappearance of exchange rates risk within the eurozone and a sudden and massive inflow of capital to southern Europe.As a consequence, wages grew much faster than productivity and southern Europe lost its international competitiveness. The problem of competiveness is at the heart of the eurozone c ...
... disappearance of exchange rates risk within the eurozone and a sudden and massive inflow of capital to southern Europe.As a consequence, wages grew much faster than productivity and southern Europe lost its international competitiveness. The problem of competiveness is at the heart of the eurozone c ...
interest rate - Universität Bamberg
... Universität Bamberg | [email protected] | www.uni-bamberg.de/sowi/bruecker ...
... Universität Bamberg | [email protected] | www.uni-bamberg.de/sowi/bruecker ...
The Case against Capital Controls Free-Trade Argument Executive Summary
... revival of interest in the use of capital controls and made them credible to some international economic policymakers.2 The fundamental deficiencies of capital controls have not been overcome, and reliance on those measures continues to distract attention from the causes of the problems they are sup ...
... revival of interest in the use of capital controls and made them credible to some international economic policymakers.2 The fundamental deficiencies of capital controls have not been overcome, and reliance on those measures continues to distract attention from the causes of the problems they are sup ...
International monetary systems
International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states. They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. The systems can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, they can arise from a single architectural vision as happened at Bretton Woods in 1944.