Bulgarian context in teaching international economics
... • Macroeconomic stability and prudent fiscal policy for more than ...
... • Macroeconomic stability and prudent fiscal policy for more than ...
Is Economic Growth Endogenous? U.S. Supply Chain Theory
... strong consumption demand from the world. ...
... strong consumption demand from the world. ...
Competitiveness, Latin America, and the Changing Global Landscape
... • Next week, China will adopt its 11th 5 year plan – Comprehensive approach to development – Emphasis on problems of inequality, and especially in the rural area – Emphasis on the environment – And emphasis on science and technology, maintaining competitiveness • Including establishing global class ...
... • Next week, China will adopt its 11th 5 year plan – Comprehensive approach to development – Emphasis on problems of inequality, and especially in the rural area – Emphasis on the environment – And emphasis on science and technology, maintaining competitiveness • Including establishing global class ...
The Final Exam is Tuesday May 4th at 1:00 in the normal Todd
... 21. One disadvantage of a currency board (like the one in Hong Kong) a. The country loses the ability to control domestic interest rates b. There is greater exchange rate uncertainty c. It causes current account deficits d. It reduces foreign investment ...
... 21. One disadvantage of a currency board (like the one in Hong Kong) a. The country loses the ability to control domestic interest rates b. There is greater exchange rate uncertainty c. It causes current account deficits d. It reduces foreign investment ...
and unemployment
... relatively increased inflation in foreign (European) countries → additional inflationary pressure in European economy → monetary contraction in Europe (and Japan) as well – Technically, contraction as a result of intervention against USD’s appreciation → sale of USD assets (to undermine USD), i.e. m ...
... relatively increased inflation in foreign (European) countries → additional inflationary pressure in European economy → monetary contraction in Europe (and Japan) as well – Technically, contraction as a result of intervention against USD’s appreciation → sale of USD assets (to undermine USD), i.e. m ...
Chile_en.pdf
... 2012) and the average unemployment rate for the year dropped to 5.9% (compared with 6.4% in 2012). During the year overall, Chile's trading partners continued to lose steam, but the United States began to recover during the second half of the year and further economic deterioration was averted in th ...
... 2012) and the average unemployment rate for the year dropped to 5.9% (compared with 6.4% in 2012). During the year overall, Chile's trading partners continued to lose steam, but the United States began to recover during the second half of the year and further economic deterioration was averted in th ...
The Balance of Payments and the Exchange Rate
... international capital flows were continually growing and at times circumventing governments’ official investment barriers. The irony here is that this strong growth in international capital flows was in part attributable to the re-emergence of large volumes of trade, which of course had to be financ ...
... international capital flows were continually growing and at times circumventing governments’ official investment barriers. The irony here is that this strong growth in international capital flows was in part attributable to the re-emergence of large volumes of trade, which of course had to be financ ...
And why the “Club Med” remains less enthralled.
... ground, take a damagingly long time before showing results. During the run-up to the Maastricht Treaty, some economists had claimed that potential growth losses for individual euro area member countries resulting from a uniform monetary policy would be compensated for by intensified trade among euro ...
... ground, take a damagingly long time before showing results. During the run-up to the Maastricht Treaty, some economists had claimed that potential growth losses for individual euro area member countries resulting from a uniform monetary policy would be compensated for by intensified trade among euro ...
The New Neutral for bond investors
... for yield, sending the Australian dollar higher. How long can investors expect this environment to last? This is one of the many questions we ask ourselves every year at PIMCO’s Secular Forum – an opportunity for us to stop and think about where the markets will be, not tomorrow or six months from n ...
... for yield, sending the Australian dollar higher. How long can investors expect this environment to last? This is one of the many questions we ask ourselves every year at PIMCO’s Secular Forum – an opportunity for us to stop and think about where the markets will be, not tomorrow or six months from n ...
between the "g2" and the g20: europe and the financial crisis
... The many technical shortcomings of these tests did not prevent the Fed and the Treasury from setting a floor on the valuation of bank balance sheets, reassuring investors and facilitating the raising of capital - restoring, in fact, the financial base of the industry. Sixty billion dollars were rais ...
... The many technical shortcomings of these tests did not prevent the Fed and the Treasury from setting a floor on the valuation of bank balance sheets, reassuring investors and facilitating the raising of capital - restoring, in fact, the financial base of the industry. Sixty billion dollars were rais ...
Monetary Policy in the Euro-zone Does `one size fit all`? (This case
... and that deficits should not exceed 3 per cent of GDP in any one year. A country’s deficit is only permitted to exceed 3 per cent if its GDP has declined by at least 2 per cent (or 0.75 per cent with special permission from the Council of Ministers). Otherwise, countries with deficits exceeding 3 pe ...
... and that deficits should not exceed 3 per cent of GDP in any one year. A country’s deficit is only permitted to exceed 3 per cent if its GDP has declined by at least 2 per cent (or 0.75 per cent with special permission from the Council of Ministers). Otherwise, countries with deficits exceeding 3 pe ...
THE GLOBAL ECONOMY IN THE AFTERMATH OF THE IRAQ WAR
... • Stability pact limits scope for fiscal stimulus • ECB has difficult task balancing different economic situations in different parts of the continent • But narrow focus on inflation, problems of earlier decades, has meant that it has failed to respond to current situation, contributing to weakness ...
... • Stability pact limits scope for fiscal stimulus • ECB has difficult task balancing different economic situations in different parts of the continent • But narrow focus on inflation, problems of earlier decades, has meant that it has failed to respond to current situation, contributing to weakness ...
Post-Monetarism and the New World Order: Executive Summary
... Why have the BOJ’s policy actions had such perverse impacts on the market? Simple policy fatigue and skepticism may have set in, with investors watching other global central banks as they fail to spark a significant growth reacceleration in their respective economies. Clearly, policy has not had the ...
... Why have the BOJ’s policy actions had such perverse impacts on the market? Simple policy fatigue and skepticism may have set in, with investors watching other global central banks as they fail to spark a significant growth reacceleration in their respective economies. Clearly, policy has not had the ...
Jens Weidmann: Market economy principles in monetary union
... Given the institutional framework of monetary union, this problem is still highly topical, and I shall revisit it later on. Eucken names “consistency of economic policy” as the final constitutive principle of competitive order. He complains that economic policymakers suffer from a nervous restlessne ...
... Given the institutional framework of monetary union, this problem is still highly topical, and I shall revisit it later on. Eucken names “consistency of economic policy” as the final constitutive principle of competitive order. He complains that economic policymakers suffer from a nervous restlessne ...
Economic Growth and Globalization since 1850
... From 1929 to 1932, the collapse of the market resulted in an implacable fall in prices which brought on a reduction in production followed by general unemployment. The consequences of this economic disorganization spread throughout the entire world. Unemployment and the fall in production caused a g ...
... From 1929 to 1932, the collapse of the market resulted in an implacable fall in prices which brought on a reduction in production followed by general unemployment. The consequences of this economic disorganization spread throughout the entire world. Unemployment and the fall in production caused a g ...
Pre crisis monetary policy thinking
... offered a novel explanation for the rapid rise of the U.S. trade deficit in the early 21st century. The causes, argued Bernanke, lay not in America but in Asia. ...
... offered a novel explanation for the rapid rise of the U.S. trade deficit in the early 21st century. The causes, argued Bernanke, lay not in America but in Asia. ...
Druckenmiller – the Endgame Presentation
... Let me focus on two of the main policies that have not only prevented a cleanup of past excesses in developed markets but also led to an explosion in leverage in Emerging markets. The first of these policies has been spearheaded by the Federal Reserve Bank in the US. By most objective measures, we a ...
... Let me focus on two of the main policies that have not only prevented a cleanup of past excesses in developed markets but also led to an explosion in leverage in Emerging markets. The first of these policies has been spearheaded by the Federal Reserve Bank in the US. By most objective measures, we a ...
6 Macroeconomics LESSON 4 ACTIVITY 54
... The complexity of the connection leads to careful evaluation of any change in domestic policy goals. Policy makers cannot ignore the international effects of changes in monetary and fiscal policies. A series of situations is presented below. In each case: ■ Evaluate the expected effects on exchange ...
... The complexity of the connection leads to careful evaluation of any change in domestic policy goals. Policy makers cannot ignore the international effects of changes in monetary and fiscal policies. A series of situations is presented below. In each case: ■ Evaluate the expected effects on exchange ...
CFA Outlook, Q315 August Update
... the consensus that the Fed is likely to raise short-term rates, if not in September, before year-end, we are also predicting that little or nothing will happen as a result. Corporations have raised 100s of billions, if not trillions, of dollars in debt to take advantage of record low interest rates. ...
... the consensus that the Fed is likely to raise short-term rates, if not in September, before year-end, we are also predicting that little or nothing will happen as a result. Corporations have raised 100s of billions, if not trillions, of dollars in debt to take advantage of record low interest rates. ...
The last act begins for the EUR peg
... managers are all affected by what happens to the yield curve, in different ways. But nobody like a Bank is so inescapably impacted by its shape (see also Fasanara Interview at CNBC: "Italy NPLs are undeniably a problem..but look beyond it to overwhelming macro factor"). So much for banks being the t ...
... managers are all affected by what happens to the yield curve, in different ways. But nobody like a Bank is so inescapably impacted by its shape (see also Fasanara Interview at CNBC: "Italy NPLs are undeniably a problem..but look beyond it to overwhelming macro factor"). So much for banks being the t ...
The Financial Crisis How far could the US dollar fall? - Real
... Reasons for a downward movement of the US dollar in forthcoming weeks and months are obvious. Already it began to decline in value at the end of the “crazy week”. However the strategic dimension of US dollar foreign balances needs to be brought into the picture in order to assess not just how far th ...
... Reasons for a downward movement of the US dollar in forthcoming weeks and months are obvious. Already it began to decline in value at the end of the “crazy week”. However the strategic dimension of US dollar foreign balances needs to be brought into the picture in order to assess not just how far th ...
Download Syllabus
... This course is a sequel to the core course Global Economic Environment. Building on the fundamentals introduced in that course, we develop a conceptual framework to explain the complex interactions between macroeconomic policy, asset prices and business cycle fluctuations. We examine in particular t ...
... This course is a sequel to the core course Global Economic Environment. Building on the fundamentals introduced in that course, we develop a conceptual framework to explain the complex interactions between macroeconomic policy, asset prices and business cycle fluctuations. We examine in particular t ...
Globalization and international migration Speech by Mr
... result, the Japanese economy as a whole is accumulating substantial claims on future US production. Foreign capital can also foster technological spillovers. Many developing nations prof it from foreign direct investment as they learn international best practices. For example, China’s rapidly expand ...
... result, the Japanese economy as a whole is accumulating substantial claims on future US production. Foreign capital can also foster technological spillovers. Many developing nations prof it from foreign direct investment as they learn international best practices. For example, China’s rapidly expand ...
Document in Word format
... rate itself and on interest rates for the currency concerned, the pressures that build up can be quite formidable. Even when the exchange rate is freely ...
... rate itself and on interest rates for the currency concerned, the pressures that build up can be quite formidable. Even when the exchange rate is freely ...
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.