Globalization, emerging market economies and currency crisis in Asia:
... dollar depreciated against major currencies between 1991 and 1995. However JP Morgan data indicated that it appreciated in real terms during this period. Malaysia’s Ringgit also experienced a sharp appreciation until 1993, and depreciation in 1994. Indonesia’s Rupiah experienced a real appreciation ...
... dollar depreciated against major currencies between 1991 and 1995. However JP Morgan data indicated that it appreciated in real terms during this period. Malaysia’s Ringgit also experienced a sharp appreciation until 1993, and depreciation in 1994. Indonesia’s Rupiah experienced a real appreciation ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... UNITS OF FOREIGN CURRENCY PER U.S. DOLLAR ...
... UNITS OF FOREIGN CURRENCY PER U.S. DOLLAR ...
Predictions for 2014: Advanced economies pick up speed Global Economy Watch January 2014
... Japan, the US and the Eurozone are the three major economies that are expected to experience a slowdown in growth if this scenario materialises. India, however, is projected to fare the worst out of the BRICs, while Russia is estimated expected to record strong GDP growth because of the importance o ...
... Japan, the US and the Eurozone are the three major economies that are expected to experience a slowdown in growth if this scenario materialises. India, however, is projected to fare the worst out of the BRICs, while Russia is estimated expected to record strong GDP growth because of the importance o ...
Pset8_2011_v7_11_25_11
... f. We have previously studied various ways in which the U.S. Federal Reserve can stimulate the economy by decreasing the real interest rate (even in a liquidity trap). Can the Greek Central Bank undertake similar measures in the current situation? Explain why not. ...
... f. We have previously studied various ways in which the U.S. Federal Reserve can stimulate the economy by decreasing the real interest rate (even in a liquidity trap). Can the Greek Central Bank undertake similar measures in the current situation? Explain why not. ...
The EMU and the Theory of Optimum Currency Areas
... use the exchange rate mechanism and monetary policy for the purpose of stabilizing output and employment. These costs of joining, like the country’s monetary efficiency benefit, are related to the country’s economic integration with its partners in the monetary union. Therefore, we can derive a seco ...
... use the exchange rate mechanism and monetary policy for the purpose of stabilizing output and employment. These costs of joining, like the country’s monetary efficiency benefit, are related to the country’s economic integration with its partners in the monetary union. Therefore, we can derive a seco ...
Chapter 13 -- Determining Aggregate Demand (AD)
... Exchange Rate Regimes Fixed (Pegged) Exchange Rates -exchange rates are fixed by the government, unless changed by economic policy (e.g. US and China). Floating Exchange Rates -- exchange rates are determined by natural forces in the foreign exchange market (e.g. US and Japan, US and European Uni ...
... Exchange Rate Regimes Fixed (Pegged) Exchange Rates -exchange rates are fixed by the government, unless changed by economic policy (e.g. US and China). Floating Exchange Rates -- exchange rates are determined by natural forces in the foreign exchange market (e.g. US and Japan, US and European Uni ...
ECON 8423-001 International Finance
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 16h00. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report in ...
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 16h00. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report in ...
Iceland: a nation in the kreppa
... With the collapse of the banks, trading in the krona effectively ceased. On October 10 it was reported that the bid/ask spread on the krona on the informal market was 300/450 per euro as investors poured out of the currency, amid fears that the SI didn‟t have the reserves to defend the krona; confid ...
... With the collapse of the banks, trading in the krona effectively ceased. On October 10 it was reported that the bid/ask spread on the krona on the informal market was 300/450 per euro as investors poured out of the currency, amid fears that the SI didn‟t have the reserves to defend the krona; confid ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER Macroeconomics Annual 201
... Xavier Gabaix argued that the authors’ treatment of monetary policy volatility might be too focused on the United States and that a more symmetrical model could use monetary policy shocks overseas to distinguish between country- specific shocks and the type of global financial shocks described by Fl ...
... Xavier Gabaix argued that the authors’ treatment of monetary policy volatility might be too focused on the United States and that a more symmetrical model could use monetary policy shocks overseas to distinguish between country- specific shocks and the type of global financial shocks described by Fl ...
ECON 8423-001 International Finance
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 4:00 pm. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report i ...
... The assessment for this class consists of Test: A take-home test will be distributed in class on 2 March and is due on 3 March at 4:00 pm. Report: You are required to write a 3-page referee report of an article in international macroeconomics. You will be presenting both the article and the report i ...
Paper 257
... [email protected] Abstract In the last decades, many developing countries abandoned their existing policy regimes and adopted inflation targeting (IT) by which they aimed to control inflation through the use of policy interest rates. During the period before the crisis, most of these countries experi ...
... [email protected] Abstract In the last decades, many developing countries abandoned their existing policy regimes and adopted inflation targeting (IT) by which they aimed to control inflation through the use of policy interest rates. During the period before the crisis, most of these countries experi ...
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... The Ifo indicator for the economic climate in the euro area again weakened slightly to 101.7 points in the fourth quarter of 2006. As in the previous quarter, this decline was solely the result of less optimistic expectations for the coming six months. Assessment of the current economic situation im ...
... The Ifo indicator for the economic climate in the euro area again weakened slightly to 101.7 points in the fourth quarter of 2006. As in the previous quarter, this decline was solely the result of less optimistic expectations for the coming six months. Assessment of the current economic situation im ...
the Gold Standard International Trade
... • It promotes trade by eliminating uncertainty. • It keeps governments from creating money. • It insures that a nation’s currency will maintain its value over time. ...
... • It promotes trade by eliminating uncertainty. • It keeps governments from creating money. • It insures that a nation’s currency will maintain its value over time. ...
Reflections on Monetary and Fiscal Policies and Economic
... the trends in the light of all the facts currently available. Indeed, any sensible economic analysis which must precede any policy decision must include the analysis of monetary and financial developments and analysis implies at least in part, comparison with some standard or target. The criticism o ...
... the trends in the light of all the facts currently available. Indeed, any sensible economic analysis which must precede any policy decision must include the analysis of monetary and financial developments and analysis implies at least in part, comparison with some standard or target. The criticism o ...
The Second Phase of Global Liquidity and Hyun Song Shin
... financial conditions is eventually broken by tighter U.S. dollar funding conditions due to Federal Reserve monetary tightening, the vulnerabilities are likely to be exposed once more. Given the elements that have underpinned the second phase of global liquidity, the crisis dynamics in the emerging e ...
... financial conditions is eventually broken by tighter U.S. dollar funding conditions due to Federal Reserve monetary tightening, the vulnerabilities are likely to be exposed once more. Given the elements that have underpinned the second phase of global liquidity, the crisis dynamics in the emerging e ...
Monetary and fiscal policy in the resource
... may help combat poverty but has inflationary consequences, increase in capital spending may allow to increase growth rate and fight “Dutch disease” but the Government capital spending may be not as effective as private. Additional issues There is also a large set of additional issues concerning macr ...
... may help combat poverty but has inflationary consequences, increase in capital spending may allow to increase growth rate and fight “Dutch disease” but the Government capital spending may be not as effective as private. Additional issues There is also a large set of additional issues concerning macr ...
Document
... – Ex. If the price level is higher in Canada than in the United States, then American goods are relatively cheaper than Canadian goods, thus Canadians will import more American goods causing the U.S. Dollar to appreciate and the Canadian Dollar to depreciate. ...
... – Ex. If the price level is higher in Canada than in the United States, then American goods are relatively cheaper than Canadian goods, thus Canadians will import more American goods causing the U.S. Dollar to appreciate and the Canadian Dollar to depreciate. ...
The Federal Reserve must prolong the party
... shared. So who is right? My answer is both. The Fed can indeed be accused of being a serial bubbleblower. But this is not because it has been managed by incompetents. It is because it has been managed by competent people responding to exceptional circumstances. The savings glut is a palpable reality ...
... shared. So who is right? My answer is both. The Fed can indeed be accused of being a serial bubbleblower. But this is not because it has been managed by incompetents. It is because it has been managed by competent people responding to exceptional circumstances. The savings glut is a palpable reality ...
Thực hiện Nghị quyết số 53/2013/QH13 ngày 11/11/2013 của Quốc
... Implementing Resolution No. 53/2013/QH13 of the National Assembly dated November 11, 2013 on the plan of socio-economic development in 2014 and Resolution No.01/NQ-CP of the Government dated January 2, 2014 on the key tasks and measures of implementing the plan of socio-economic development and budg ...
... Implementing Resolution No. 53/2013/QH13 of the National Assembly dated November 11, 2013 on the plan of socio-economic development in 2014 and Resolution No.01/NQ-CP of the Government dated January 2, 2014 on the key tasks and measures of implementing the plan of socio-economic development and budg ...
Lessons for monetary policy from the euro
... commercial bank deposits (reserves) at the Central Bank, which has in most cases more than sufficed to meet the new required LCRs. With the volume of loans having expanded faster than the volume of deposits in the run-up to 2007, (Schularick and Taylor), much of the excess in loans over deposits was ...
... commercial bank deposits (reserves) at the Central Bank, which has in most cases more than sufficed to meet the new required LCRs. With the volume of loans having expanded faster than the volume of deposits in the run-up to 2007, (Schularick and Taylor), much of the excess in loans over deposits was ...
Intro to Global OPS
... globalization of markets a reality Important advances have occurred in: microprocessors and telecommunications the Internet and World Wide Web ...
... globalization of markets a reality Important advances have occurred in: microprocessors and telecommunications the Internet and World Wide Web ...
Exchange Rates Teacher
... income - Increased capital outflow Increased demand (D to D1): - Increased exports - Increased income receipts - Increased capital inflow Obviously D and S could also decrease. ...
... income - Increased capital outflow Increased demand (D to D1): - Increased exports - Increased income receipts - Increased capital inflow Obviously D and S could also decrease. ...
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.