Exhange Rate Project
... The exchange rate remained mostly stable due to the fact that both currencies used a metallic standard. This development in relative prices can be explained by the fact that The Netherlands lost a lot of its economic power during the last part of the 17th century and throughout most of the 18th cent ...
... The exchange rate remained mostly stable due to the fact that both currencies used a metallic standard. This development in relative prices can be explained by the fact that The Netherlands lost a lot of its economic power during the last part of the 17th century and throughout most of the 18th cent ...
NBER WORKING PAPER SERIES
... Payment is stopped once the patient is ill. In the US, as long as the economy is healthy, "the financial doctor" in the form of the prudential regulator is considered redundant. Moreover, the prudential regulator is frequently viewed as a spoiler who inhibits growth an development. This is the parad ...
... Payment is stopped once the patient is ill. In the US, as long as the economy is healthy, "the financial doctor" in the form of the prudential regulator is considered redundant. Moreover, the prudential regulator is frequently viewed as a spoiler who inhibits growth an development. This is the parad ...
Essential macroeconomic tools for the analysis of open economies
... International trade and the impact of the exchange rate - From autarky to free trade: Price determination and welfare - Impact of the exchange rate on the trade equilibrium Macroeconomic policy in an open economy - Refresher: Macroeconomic analysis in the closed economy - Interdependence of goods ma ...
... International trade and the impact of the exchange rate - From autarky to free trade: Price determination and welfare - Impact of the exchange rate on the trade equilibrium Macroeconomic policy in an open economy - Refresher: Macroeconomic analysis in the closed economy - Interdependence of goods ma ...
Third World Network
... third quarter, China’s annualized GDP growth dropped to 9 percent (6.8 in the fourth quarter) from 13 percent in 2007; The growth rate of industrial production fell to 8.2 percent, about half of the rate in the same period of previous year; Growth rates of many important products fell from double di ...
... third quarter, China’s annualized GDP growth dropped to 9 percent (6.8 in the fourth quarter) from 13 percent in 2007; The growth rate of industrial production fell to 8.2 percent, about half of the rate in the same period of previous year; Growth rates of many important products fell from double di ...
Europe`s financial crisis: What does it mean for private equity?
... potential to generate good returns through real business transformation has been considerable. Amongst a range of value creation strategies, the best private equity firms have been able to improve their investees’ business processes, expand across borders, and consolidate fragmented markets. And th ...
... potential to generate good returns through real business transformation has been considerable. Amongst a range of value creation strategies, the best private equity firms have been able to improve their investees’ business processes, expand across borders, and consolidate fragmented markets. And th ...
Chapter 22
... Some papers have defined contagion as the influence of “news” about the creditworthiness, etc. of a borrower on the spreads charged to the other borrowers or equity prices, after controlling for country specific macroeconomic fundamentals (Doukas, 1989,Kaminsky and Schmukler, 1998) 2. Other studies, ...
... Some papers have defined contagion as the influence of “news” about the creditworthiness, etc. of a borrower on the spreads charged to the other borrowers or equity prices, after controlling for country specific macroeconomic fundamentals (Doukas, 1989,Kaminsky and Schmukler, 1998) 2. Other studies, ...
Getting rid of the trade deficit: A cheaper dollar is not enough
... vastly increased mobility of capital and technology, created new and tougher competition for American producers. ...
... vastly increased mobility of capital and technology, created new and tougher competition for American producers. ...
What Priorities and Strategy Should the G
... monopolistic trade practices of players such as the Dutch East India Company on the future of the Southeast Asian economy. ...
... monopolistic trade practices of players such as the Dutch East India Company on the future of the Southeast Asian economy. ...
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... to external shocks. The affected countries also rely extensively on foreign investors to finance their investment requirements. Therefore, a rigid exchange rate regime may not be the most suitable. Credibility of regimes is also important. In the context of the ongoing crisis with severe banking sec ...
... to external shocks. The affected countries also rely extensively on foreign investors to finance their investment requirements. Therefore, a rigid exchange rate regime may not be the most suitable. Credibility of regimes is also important. In the context of the ongoing crisis with severe banking sec ...
Ethics of Financial Globalization
... crises. Implicitly, the invisible victims of debt crisis are subject to asymmetric-power plays by those capable of extracting expected economic rents without having to bear the full expected costs associated with default. That is, it is a design problem. If the nation-as-agent framework is set asid ...
... crises. Implicitly, the invisible victims of debt crisis are subject to asymmetric-power plays by those capable of extracting expected economic rents without having to bear the full expected costs associated with default. That is, it is a design problem. If the nation-as-agent framework is set asid ...
A Puzzle in Portuguese
... regime helped anchor the economy, bringing down interest rates, tempering inflation, and fostering growth through renewed confidence. This complemented the improved fiscal resolve to generate primary surpluses to reduce government debt. Policies aimed at liberalizing the financial sector and allowin ...
... regime helped anchor the economy, bringing down interest rates, tempering inflation, and fostering growth through renewed confidence. This complemented the improved fiscal resolve to generate primary surpluses to reduce government debt. Policies aimed at liberalizing the financial sector and allowin ...
Presentation to the Center for Economics and Public Policy UC Irvine
... that the FOMC would probably keep the fed funds rate near zero for at least two more years, longer than many private-sector economists had been thinking. As a result of this shift in expectations, yields on Treasury securities fell by between one- and two-tenths of a percentage point. This may not s ...
... that the FOMC would probably keep the fed funds rate near zero for at least two more years, longer than many private-sector economists had been thinking. As a result of this shift in expectations, yields on Treasury securities fell by between one- and two-tenths of a percentage point. This may not s ...
Inflation Targeting: A Canadian Perspective
... The announcement was mostly greeted with skepticism since at that time New Zealand was the only country targeting inflation and there was very little empirical evidence to support the decision. Bank of Canada had to rely mostly on internal resources and research ...
... The announcement was mostly greeted with skepticism since at that time New Zealand was the only country targeting inflation and there was very little empirical evidence to support the decision. Bank of Canada had to rely mostly on internal resources and research ...
What is a macroprudential policy framework?
... • bank supervisors have always been more supportive of liberal general provisioning regimes and reserves than have accounting and securities authorities • this time the supervisors may use the opportunity, but it is not so easy to win a war … • Procyclicality may be caused by broad spectrum of facto ...
... • bank supervisors have always been more supportive of liberal general provisioning regimes and reserves than have accounting and securities authorities • this time the supervisors may use the opportunity, but it is not so easy to win a war … • Procyclicality may be caused by broad spectrum of facto ...
NBER WORKING PAPER SERIES G7 CURRENT ACCOUNT IMBALANCES: SUSTAINABILITY AND ADJUSTMENT
... of a successful industrialization and development strategy. If the price to be paid for this strategy includes financing a large US current account deficit governments in the periphery will see it in their interest to provide financing even in circumstances where private international investors woul ...
... of a successful industrialization and development strategy. If the price to be paid for this strategy includes financing a large US current account deficit governments in the periphery will see it in their interest to provide financing even in circumstances where private international investors woul ...
External Trade and Balance of Payments
... During fiscal year 2001-02, exchange rate movements on the international foreign exchange market were characterised by a high degree of volatility as the market focused on the fundamentals of the major industrialised economies, namely, the United States, euro zone, Japan and Britain. Prospective eco ...
... During fiscal year 2001-02, exchange rate movements on the international foreign exchange market were characterised by a high degree of volatility as the market focused on the fundamentals of the major industrialised economies, namely, the United States, euro zone, Japan and Britain. Prospective eco ...
Folie 1
... American securities; It is often said, foreigners need to “finance” the U.S. current account deficit. It would be more correct to say that the desire of foreigners to invest in the U.S. economy results in the U.S. current account deficit. 4. Fergusson and co-authors An increase in the returns on cap ...
... American securities; It is often said, foreigners need to “finance” the U.S. current account deficit. It would be more correct to say that the desire of foreigners to invest in the U.S. economy results in the U.S. current account deficit. 4. Fergusson and co-authors An increase in the returns on cap ...
HIBT – Economics of Business Environment – Notes Lecture 10
... Globalisation is not new! Indeed there have seen several previous waves of globalisation. Nick Stern, Chief Economist of the World Bank has identified three major stages of globalization: Wave One: Began around 1870 and ended with the descent into global protectionism during the interwar period of t ...
... Globalisation is not new! Indeed there have seen several previous waves of globalisation. Nick Stern, Chief Economist of the World Bank has identified three major stages of globalization: Wave One: Began around 1870 and ended with the descent into global protectionism during the interwar period of t ...
economic and market outlook 2016 and beyond
... equity markets would probably be modest. However, if rates were to go up more rapidly, possibly due to the emergence of higher inflationary pressures, then bond markets, and potentially equity markets, could suffer. Although we would expect any equity market falls to be temporary, bond market falls ...
... equity markets would probably be modest. However, if rates were to go up more rapidly, possibly due to the emergence of higher inflationary pressures, then bond markets, and potentially equity markets, could suffer. Although we would expect any equity market falls to be temporary, bond market falls ...
MEFMI Launches Book on Hyper Inflation Period in Zimbabwe
... And we have much to celebrate today. But progress towards gender parity has slowed in many places. The World Economic Forum predicted in 2014 that it would take until 2095 to achieve global gender parity. Then one year later in 2015, they estimated that a slowdown in the already glacial pace of prog ...
... And we have much to celebrate today. But progress towards gender parity has slowed in many places. The World Economic Forum predicted in 2014 that it would take until 2095 to achieve global gender parity. Then one year later in 2015, they estimated that a slowdown in the already glacial pace of prog ...
1 The `New Economics` and Policies for Financial Stability Philip
... policy to meet the single objective of inflation should be abandoned, and that monetary policy should focus much more on financial stability. This is an argument which we have deployed for a number of years, and support from mainstream writers is welcome! IMF (2009), for example, is clear on this sc ...
... policy to meet the single objective of inflation should be abandoned, and that monetary policy should focus much more on financial stability. This is an argument which we have deployed for a number of years, and support from mainstream writers is welcome! IMF (2009), for example, is clear on this sc ...
trento 25/3 1998 - Department of Economics
... of the monetary regime just as the behaviour of the fiscal authorities, that is the government or ministry of finance, determines the performance of the fiscal regime. The monetary and fiscal regime jointly determine the prevailing stabilization policy regime. The monetary and fiscal regime are lin ...
... of the monetary regime just as the behaviour of the fiscal authorities, that is the government or ministry of finance, determines the performance of the fiscal regime. The monetary and fiscal regime jointly determine the prevailing stabilization policy regime. The monetary and fiscal regime are lin ...
Philip R. Lane IIIS, Trinity College Dublin and CEPR
... economies and developing countries. While other countries may invest in alternative commitment devices such as inflation targeting regimes or hard exchange rate pegs (backed up by domestic institutions that foster fiscal discipline), the unilateral nature of these alternatives makes them qualitative ...
... economies and developing countries. While other countries may invest in alternative commitment devices such as inflation targeting regimes or hard exchange rate pegs (backed up by domestic institutions that foster fiscal discipline), the unilateral nature of these alternatives makes them qualitative ...
The Big Picture of Monetary–Fiscal Interactions
... monetary commitment – commonly implemented as an explicit numerical target for average inflation. Prediction 1: Stronger monetary commitment may lead to an improvement in monetary outcomes: lower and/or less variable inflation, and higher policy credibility. Prediction 2: Stronger monetary commitmen ...
... monetary commitment – commonly implemented as an explicit numerical target for average inflation. Prediction 1: Stronger monetary commitment may lead to an improvement in monetary outcomes: lower and/or less variable inflation, and higher policy credibility. Prediction 2: Stronger monetary commitmen ...
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.