Cunningham EMBA LA Syllabus 2014
... 3. What does the Stolper-Samuelson theorem say about who gains and loses from trade? 4. Why has Japan’s previous rapid growth ended? What does this imply for China? ...
... 3. What does the Stolper-Samuelson theorem say about who gains and loses from trade? 4. Why has Japan’s previous rapid growth ended? What does this imply for China? ...
Exchange Rates and International Monetary System
... 2. How to compare GDP in different countries? Take note that the equality of prices under PPP theory applies only to tradable goods. This has interesting implications for measuring GDP. Assuming that USA has much higher level of productivity in production of tradable goods and services. Other things ...
... 2. How to compare GDP in different countries? Take note that the equality of prices under PPP theory applies only to tradable goods. This has interesting implications for measuring GDP. Assuming that USA has much higher level of productivity in production of tradable goods and services. Other things ...
Pegged exchange rate
... with a budget deficit, no legal entity is responsible for the trade deficit. The trade deficits of the U.S. during the 1980s and 90s were largely the result of rapid growth and a favorable investment climate. ...
... with a budget deficit, no legal entity is responsible for the trade deficit. The trade deficits of the U.S. during the 1980s and 90s were largely the result of rapid growth and a favorable investment climate. ...
Briefing Notes in Economics – Issue No. 69, June/July 2006 Kamal
... goodness of fit and the estimated Fvalues, the signs of the explanatory variables are not consistent across the G7 countries. The coefficient of the domestic money supply carries an appropriate sign for the Canadian, Japanese, French and Italian foreign currency exchange rates, but is statistically ...
... goodness of fit and the estimated Fvalues, the signs of the explanatory variables are not consistent across the G7 countries. The coefficient of the domestic money supply carries an appropriate sign for the Canadian, Japanese, French and Italian foreign currency exchange rates, but is statistically ...
Globalization presumes sustained economic growth. Otherwise, the
... institutions (the World Bank and the International Monetary Fund), they laid the foundation for postwar globalization. This “Bretton Woods system” negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting relatively free trade, stable currency v ...
... institutions (the World Bank and the International Monetary Fund), they laid the foundation for postwar globalization. This “Bretton Woods system” negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting relatively free trade, stable currency v ...
Globalization presumes sustained economic growth. Otherwise, the
... institutions (the World Bank and the International Monetary Fund), they laid the foundation for postwar globalization. This “Bretton Woods system” negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting relatively free trade, stable currency v ...
... institutions (the World Bank and the International Monetary Fund), they laid the foundation for postwar globalization. This “Bretton Woods system” negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting relatively free trade, stable currency v ...
the full text of the Speech
... cent during the 1950s to 6.4 per cent during the 1960s and further to 9.0 per cent in the 1970s before easing marginally to 8.0 per cent in the 1980s. India had generally not experienced runaway inflation. On the other hand, the volatility in the inflation rate, as measured by the coefficient of var ...
... cent during the 1950s to 6.4 per cent during the 1960s and further to 9.0 per cent in the 1970s before easing marginally to 8.0 per cent in the 1980s. India had generally not experienced runaway inflation. On the other hand, the volatility in the inflation rate, as measured by the coefficient of var ...
Demystifying the gold market in Vietnam
... As part of its mandate and ongoing discussions with the Government of Vietnam, staff of the International Monetary Fund engages with the Vietnamese authorities, including the State Bank of Vietnam, on macroeconomic and financial sector stability issues. Among these issues are discussions on the fore ...
... As part of its mandate and ongoing discussions with the Government of Vietnam, staff of the International Monetary Fund engages with the Vietnamese authorities, including the State Bank of Vietnam, on macroeconomic and financial sector stability issues. Among these issues are discussions on the fore ...
This PDF is a selection from a published volume from... Economic Research Volume Title: Europe and the Euro
... The evidence is not very conclusive, but it is clear that on balance the single currency has had little positive effect on the pace of structural reform4. . . . Consistent with these findings, the analysis . . . indicates that euro-area countries have on average been less forthcoming in implementing ...
... The evidence is not very conclusive, but it is clear that on balance the single currency has had little positive effect on the pace of structural reform4. . . . Consistent with these findings, the analysis . . . indicates that euro-area countries have on average been less forthcoming in implementing ...
Monetary Policy and the Interest Rate
... • On August 7, 2007, the Federal Open Market Committee decided to make no change in its interest rate policy. • On September 18, the Fed cut the target federal funds rate “to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financia ...
... • On August 7, 2007, the Federal Open Market Committee decided to make no change in its interest rate policy. • On September 18, the Fed cut the target federal funds rate “to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financia ...
Discussion section 3
... GNI: Gross National Income (4) S = Y – C – G = I + CA (Current Account Identity) S: National Saving S is greater than I if and only if CA is positive, or in surplus S is less than I if and only if CA is negative, or in deficit Implication: A current account deficit measures how much a country sp ...
... GNI: Gross National Income (4) S = Y – C – G = I + CA (Current Account Identity) S: National Saving S is greater than I if and only if CA is positive, or in surplus S is less than I if and only if CA is negative, or in deficit Implication: A current account deficit measures how much a country sp ...
Date of Fund Membership: September 28, 1981 Standard Sources
... Official Rate: (End of Period and Period Average): The official exchange rate is determined on the basis of an undisclosed transactions-weighted basket of currencies. Monetary Authorities: Consolidates the Reserve Bank of Vanuatu (RBV) only. † Prior to October 1994, separate data for claims on centr ...
... Official Rate: (End of Period and Period Average): The official exchange rate is determined on the basis of an undisclosed transactions-weighted basket of currencies. Monetary Authorities: Consolidates the Reserve Bank of Vanuatu (RBV) only. † Prior to October 1994, separate data for claims on centr ...
Market Insights - Quarterly outlook
... LGIM is authorised and regulated by the Financial Conduct Authority. This document is designed for our corporate clients and for the use of professional advisers and agents of Legal & General. The views expressed within this document are those of Legal & General Investment Management, who may or may ...
... LGIM is authorised and regulated by the Financial Conduct Authority. This document is designed for our corporate clients and for the use of professional advisers and agents of Legal & General. The views expressed within this document are those of Legal & General Investment Management, who may or may ...
Slides. - Harvard Kennedy School
... Conference on Developments in Monetary Economics, European Central Bank, Frankfurt 29-30 October, 2009 ...
... Conference on Developments in Monetary Economics, European Central Bank, Frankfurt 29-30 October, 2009 ...
Déjà vue The Impact of the global Economic Crises on Latin
... Transferences and phocalized anti- poverty programmes do not change the initial Distribution of income. In Chile the GINI after transferences is only 0.08 % lower than Before and in Mexico the change is only 0.004 %. Yet, multilateral organizations are asking and advising governments not to expand f ...
... Transferences and phocalized anti- poverty programmes do not change the initial Distribution of income. In Chile the GINI after transferences is only 0.08 % lower than Before and in Mexico the change is only 0.004 %. Yet, multilateral organizations are asking and advising governments not to expand f ...
Balance of payments
... Many developing countries have posted high growth rates of annual GDP. Until the 2008-10 economic slowdown, U.S. and Canadian GDP rates grew at an annual rate of about 4 percent. In less developed countries, GDP growth rates were greater; China averaged 10.1% and India averaged ...
... Many developing countries have posted high growth rates of annual GDP. Until the 2008-10 economic slowdown, U.S. and Canadian GDP rates grew at an annual rate of about 4 percent. In less developed countries, GDP growth rates were greater; China averaged 10.1% and India averaged ...
Evaluating development efforts
... The expectation was that these inflows would help developing countries integrate themselves into the global economy, while diversifying financial risks and reducing economic fluctuations. In the first half of the 1990s, it frequently became part of the IMF’s advice to developing countries not only t ...
... The expectation was that these inflows would help developing countries integrate themselves into the global economy, while diversifying financial risks and reducing economic fluctuations. In the first half of the 1990s, it frequently became part of the IMF’s advice to developing countries not only t ...
“Silver risk”, currency speculation and bank failures in
... The last quarter of the 19th century was one of the most exciting in American economic history, seeing as it did a dramatic conflict between supporters of two rival economic policies. After the Civil War, the American government decided to adhere to the gold standard, which meant a fixed exchange ra ...
... The last quarter of the 19th century was one of the most exciting in American economic history, seeing as it did a dramatic conflict between supporters of two rival economic policies. After the Civil War, the American government decided to adhere to the gold standard, which meant a fixed exchange ra ...
The growing importance of emerging economies
... In particular, the share of the major emerging economies’ stock markets in world capitalisation increased from 7% in 1990 to 32% in 2009. This has been associated with considerable net private portfolio inflows both prior to the global financial crisis and – following a phase of temporary capital fl ...
... In particular, the share of the major emerging economies’ stock markets in world capitalisation increased from 7% in 1990 to 32% in 2009. This has been associated with considerable net private portfolio inflows both prior to the global financial crisis and – following a phase of temporary capital fl ...
Forex Systems 3 - IBECON
... traders are unsure about the exchange rate that will prevail when their contracts are settled. The uncertainty could also reduce FDI as potential MNCs will not be able to make accurate profit projections. ...
... traders are unsure about the exchange rate that will prevail when their contracts are settled. The uncertainty could also reduce FDI as potential MNCs will not be able to make accurate profit projections. ...
Regulating international finance and the diversity of capitalism
... framework to put the discussion on the international regulation of finance into a historically and theoretically informed perspective. This conceptual framework helps us to uncover and to investigate the driving forces behind and obstacles to international cooperation in governing finance in a broad ...
... framework to put the discussion on the international regulation of finance into a historically and theoretically informed perspective. This conceptual framework helps us to uncover and to investigate the driving forces behind and obstacles to international cooperation in governing finance in a broad ...
Section 6 AP Macroeconomics Inflation, Unemployment
... GDP rather than closer to potential GDP. Suppose the economy is currently in LR equilibrium. If the Fed were to conduct expansionary monetary policy (buy bonds), the interest rate would fall. A lower interest rate would shift AD to the right. In the short run, real GDP would increase, but so would t ...
... GDP rather than closer to potential GDP. Suppose the economy is currently in LR equilibrium. If the Fed were to conduct expansionary monetary policy (buy bonds), the interest rate would fall. A lower interest rate would shift AD to the right. In the short run, real GDP would increase, but so would t ...
policy designed to change the money supply, credit availability, and
... economy is decreased and credit becomes harder to obtain and more expensive © 2012 McGraw-Hill Ryerson Limited ...
... economy is decreased and credit becomes harder to obtain and more expensive © 2012 McGraw-Hill Ryerson Limited ...
Money, Time Preference, and External Balance
... more impatient to consume than their international trading partners will experience a long run current account deficit - thus confirming, in a nonmomentary, two-country overlapping generation model, the presumption that ‘a nation consisting of people with a high rate of time preference will tend to ...
... more impatient to consume than their international trading partners will experience a long run current account deficit - thus confirming, in a nonmomentary, two-country overlapping generation model, the presumption that ‘a nation consisting of people with a high rate of time preference will tend to ...
JAPANESE VALUE AT THE FORE (…and the Yen Bond Short)
... course, while the Dow’s ensuing destruction only terminated in 1932, gold stocks reversed and erupted to the upside. For this reason, despite what may have been a very significant low at $410 last month (SKC’s worst-case scenario), ...
... course, while the Dow’s ensuing destruction only terminated in 1932, gold stocks reversed and erupted to the upside. For this reason, despite what may have been a very significant low at $410 last month (SKC’s worst-case scenario), ...
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.