Class Notes Econ 410 (International Economics)
... price indexes. This makes basket of goods are not identical across countries. Consequently, it renders the comparison of price indexes difficult. 2) Costly information about prices. 3) The theory assumes the absence of trade barriers. In reality, there are many trade barriers. Thus, the law of one p ...
... price indexes. This makes basket of goods are not identical across countries. Consequently, it renders the comparison of price indexes difficult. 2) Costly information about prices. 3) The theory assumes the absence of trade barriers. In reality, there are many trade barriers. Thus, the law of one p ...
samenvatting IIOS h 2,3,4
... Dualism exists between what is seen as a traditional, indigenous, underdeveloped sector on the one hand, and on the other a modern developed and westernized. Alfred Hirschman argued in favor of the traditional approach. He believed that polarization should be viewed as an investable characteristic o ...
... Dualism exists between what is seen as a traditional, indigenous, underdeveloped sector on the one hand, and on the other a modern developed and westernized. Alfred Hirschman argued in favor of the traditional approach. He believed that polarization should be viewed as an investable characteristic o ...
Fixed.v.s.floating 2012
... stabilise? The exchange rate or the level of output? With fixed rates, we get more fluctuations in interest rates and output instead. Speculation can be both stabilizing and destabilizing. There is no proof that destabilising speculation dominates. Speculation occurs on all markets are not an evil t ...
... stabilise? The exchange rate or the level of output? With fixed rates, we get more fluctuations in interest rates and output instead. Speculation can be both stabilizing and destabilizing. There is no proof that destabilising speculation dominates. Speculation occurs on all markets are not an evil t ...
Chapter 2
... services at the expense of future generations. We are in effect stealing from the future by consuming more than we can produce. How can we possibly consume more than we can produce? By borrowing from foreigners we can pay for imports, augmenting the output we produce for distribution to our citizens ...
... services at the expense of future generations. We are in effect stealing from the future by consuming more than we can produce. How can we possibly consume more than we can produce? By borrowing from foreigners we can pay for imports, augmenting the output we produce for distribution to our citizens ...
Capital Account Liberalisation and China`s Effect on Global Capital
... Removal of most controls ...
... Removal of most controls ...
Essay Questions
... The United States returned to gold in 1919. In 1922, at a conference in Genoa, Italy, a group of countries including Britain, France, Italy and Japan agreed on a program of a partial gold exchange standard in which smaller countries could hold as reserves the currencies of several large countries wh ...
... The United States returned to gold in 1919. In 1922, at a conference in Genoa, Italy, a group of countries including Britain, France, Italy and Japan agreed on a program of a partial gold exchange standard in which smaller countries could hold as reserves the currencies of several large countries wh ...
Keynes and Polanyi: the 1920s and the 1990s - IEIM-UQAM
... The 1990s witnessed an attempt to accelerate policies initiated in the early 1980s, designed to recreate the ‘golden age’ of 1870--1914 promoted and marketed as ‘globalisation’. The ‘neo-liberal’ project is the creation of an all-embracing ‘free’ global market for goods, services and capital -- but ...
... The 1990s witnessed an attempt to accelerate policies initiated in the early 1980s, designed to recreate the ‘golden age’ of 1870--1914 promoted and marketed as ‘globalisation’. The ‘neo-liberal’ project is the creation of an all-embracing ‘free’ global market for goods, services and capital -- but ...
Anna Jacobson Schwartz: In Memoriam George S. Tavlas
... historical study of the relationship between money and other variables in the United States. The authors did not envisage that the proposed research project would turn out to be anything like the massive study that would eventually be published in 1963. At the time that they started their work on A ...
... historical study of the relationship between money and other variables in the United States. The authors did not envisage that the proposed research project would turn out to be anything like the massive study that would eventually be published in 1963. At the time that they started their work on A ...
Essay Questions
... The United States returned to gold in 1919. In 1922, at a conference in Genoa, Italy, a group of countries including Britain, France, Italy and Japan agreed on a program of a partial gold exchange standard in which smaller countries could hold as reserves the currencies of several large countries wh ...
... The United States returned to gold in 1919. In 1922, at a conference in Genoa, Italy, a group of countries including Britain, France, Italy and Japan agreed on a program of a partial gold exchange standard in which smaller countries could hold as reserves the currencies of several large countries wh ...
DOLLARS AND DEFICITS – THE US CURRENT ACCOUNT
... diversify out of dollar holdings into alternatives, such as the euro or yen. Currently a popular view held in the media and public policy circles is that a fall in the dollar will reduce the US current account deficit. Obstfeld and Rogoff (2004) argue and our own results show, that even very large a ...
... diversify out of dollar holdings into alternatives, such as the euro or yen. Currently a popular view held in the media and public policy circles is that a fall in the dollar will reduce the US current account deficit. Obstfeld and Rogoff (2004) argue and our own results show, that even very large a ...
Economic Newsletter - OCBC Wing Hang Bank Limited
... The conclusion of the annual party congress saw the government adopting a more pro-growth stance amid the weak domestic outlook, promising to shore up growth should jobs or income be threatened. Infrastructure investments will be stepped up, with significant increase in water conservation projects. ...
... The conclusion of the annual party congress saw the government adopting a more pro-growth stance amid the weak domestic outlook, promising to shore up growth should jobs or income be threatened. Infrastructure investments will be stepped up, with significant increase in water conservation projects. ...
Introduction to International Business
... What are some of the standards used to evaluate ethics? Which ones are “straw men” arguments? ◦ What are the theories that explain the observed pattern of international trade? ◦ What are some of the instruments that governments use to restrict trade? What are some political and economic ...
... What are some of the standards used to evaluate ethics? Which ones are “straw men” arguments? ◦ What are the theories that explain the observed pattern of international trade? ◦ What are some of the instruments that governments use to restrict trade? What are some political and economic ...
Sean Nolan, Deputy Director, African Department (IMF) Presentation
... in the aggregate, but there have been many strong performers • The manufacturing sector has played a modest role in economic expansion – a sharp contrast to the Asian model where exports of manufactures have been key to growth ...
... in the aggregate, but there have been many strong performers • The manufacturing sector has played a modest role in economic expansion – a sharp contrast to the Asian model where exports of manufactures have been key to growth ...
ECON 8423-001 International Finance
... the importance of adhering to microfoundations. The questions that practitioners of international finance confront have shifted over the decades since the abandonment of the Bretton Woods Monetary System. Modem international finance must attempt to understand sustained current account deficits and s ...
... the importance of adhering to microfoundations. The questions that practitioners of international finance confront have shifted over the decades since the abandonment of the Bretton Woods Monetary System. Modem international finance must attempt to understand sustained current account deficits and s ...
Practice e answers for final
... from speculative attacks on their currencies. Before the crisis, Korea had its currency (the won) pegged to the U.S. dollar. Except for Malaysia, these countries have since moved to floating exchange rates, and are in the process of recovering from recessions. The price of 100 won fell from $0.11 in ...
... from speculative attacks on their currencies. Before the crisis, Korea had its currency (the won) pegged to the U.S. dollar. Except for Malaysia, these countries have since moved to floating exchange rates, and are in the process of recovering from recessions. The price of 100 won fell from $0.11 in ...
Diapositiva 1
... Improving the investment environment: Lower debt burden more favourable climate for private investment (domestic and foreign); Attract Foreign capital and decrease the capital account deficit! Diversifying exports: Protection against external shocks; Export-driven growth; Promote private ...
... Improving the investment environment: Lower debt burden more favourable climate for private investment (domestic and foreign); Attract Foreign capital and decrease the capital account deficit! Diversifying exports: Protection against external shocks; Export-driven growth; Promote private ...
David Levine February 25, 1997 - Faculty Directory | Berkeley-Haas
... funded by the military, which has always looked to advantages for certain industries. The Internet and biotech were both based on research supported by government funding. All I want is a rational and democratic industrial policy. We should coordinate our goals, and choose our subsidies more democr ...
... funded by the military, which has always looked to advantages for certain industries. The Internet and biotech were both based on research supported by government funding. All I want is a rational and democratic industrial policy. We should coordinate our goals, and choose our subsidies more democr ...
Lessons for the euro from early American monetary and
... were addressed by Alexander Hamilton, organiser of the Bank of New York and the most economically sophisticated of the Founding Fathers. In 1789, President Washington appointed Hamilton, his principal aide during the War for Independence, as the country’s first Secretary of the Treasury. In his firs ...
... were addressed by Alexander Hamilton, organiser of the Bank of New York and the most economically sophisticated of the Founding Fathers. In 1789, President Washington appointed Hamilton, his principal aide during the War for Independence, as the country’s first Secretary of the Treasury. In his firs ...
The Hong Kong dollar peg: change will come
... • Hong Kong is an international financial hub providing access to Asia for many multinational companies. Most transactions are done in US dollars, therefore, the Hong Kong dollar is pegged to the US dollar. • But there are doubts about the sustainability of this peg. Concerns have risen regarding Ho ...
... • Hong Kong is an international financial hub providing access to Asia for many multinational companies. Most transactions are done in US dollars, therefore, the Hong Kong dollar is pegged to the US dollar. • But there are doubts about the sustainability of this peg. Concerns have risen regarding Ho ...
WHAT IS WRONG WITH THE WASHINGTON CONSENSUS AND WHAT SHOULD by
... to have been guilty of presumptuous error". We live in a world where global unemployment and income inequality problems has been exacerbated by the mindless imposition of the Washington Consensus reforms by Washington Institutions. Today powerful players are attempting to force all debtor nations (e ...
... to have been guilty of presumptuous error". We live in a world where global unemployment and income inequality problems has been exacerbated by the mindless imposition of the Washington Consensus reforms by Washington Institutions. Today powerful players are attempting to force all debtor nations (e ...
The Debt-Inflation Cycle and the Global Financial Crisis
... expansion of public expenditure since WWII has been the ‘supposed necessity for government spending to eliminate unemployment.’ An idea, Friedman goes on to argue that has been thoroughly discredited by theory and practice. But, as he points out, ‘The idea may be accepted by none, but the government ...
... expansion of public expenditure since WWII has been the ‘supposed necessity for government spending to eliminate unemployment.’ An idea, Friedman goes on to argue that has been thoroughly discredited by theory and practice. But, as he points out, ‘The idea may be accepted by none, but the government ...
第七部分
... • Is the signaling effect “crying ‘wolf!’”? • If governments do not follow up on their exchange market signals with concrete policy moves, the signals soon become ineffective. ...
... • Is the signaling effect “crying ‘wolf!’”? • If governments do not follow up on their exchange market signals with concrete policy moves, the signals soon become ineffective. ...
The Advantages of a Community Currency – An OCA Perspective
... The division of labour leads to comparative advantages and the integration of sales markets which promotes more economic growth and job placements than individual markets. This is not only true for the region introducing the new payment system but also for the former trading partners. In here, it ne ...
... The division of labour leads to comparative advantages and the integration of sales markets which promotes more economic growth and job placements than individual markets. This is not only true for the region introducing the new payment system but also for the former trading partners. In here, it ne ...
Monetary Policy Rules - Central Web Server 2
... Depression in the United States. Monetary policies can make the economy either more or less stable. ...
... Depression in the United States. Monetary policies can make the economy either more or less stable. ...
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.