Video transcript
... next, but if you look at the lines below Eurozone and you see the growth performs of individual countries, and they're widely diverging. And the starting position of those countries is also-- well, there's enormous variety within Europe, and I will come to that later more in detail. And then, the ri ...
... next, but if you look at the lines below Eurozone and you see the growth performs of individual countries, and they're widely diverging. And the starting position of those countries is also-- well, there's enormous variety within Europe, and I will come to that later more in detail. And then, the ri ...
Focus 1 Euro-dollar -- what does PPP say?
... But in the immediate term, the euro looks overvalued against the US dollar5: any further rise would increase the opportunity to buy, on relatively good terms, goods, services or assets denominated in dollars, which could have a regressive effect. We also know that the progress which has driven its r ...
... But in the immediate term, the euro looks overvalued against the US dollar5: any further rise would increase the opportunity to buy, on relatively good terms, goods, services or assets denominated in dollars, which could have a regressive effect. We also know that the progress which has driven its r ...
Lecture 22: Crises in Emerging Markets
... -----------------------------“International Reserves Before and After the Global Crisis: Is There No End to Hoarding?” NBER WP 20386, Aug. ...
... -----------------------------“International Reserves Before and After the Global Crisis: Is There No End to Hoarding?” NBER WP 20386, Aug. ...
IMF and the east-Asian debacle
... that were truly bailed out were foreign entities - like banks and other financial institutions which had made dollar loans to Mexico. The Mexican bailout also helped fuel the east-Asian crisis. It encouraged individuals and financial institutions to lend to and invest in the east-Asian countries, dr ...
... that were truly bailed out were foreign entities - like banks and other financial institutions which had made dollar loans to Mexico. The Mexican bailout also helped fuel the east-Asian crisis. It encouraged individuals and financial institutions to lend to and invest in the east-Asian countries, dr ...
Document
... debt ratios than the slower (or negative ) GDP growth and banking crisis. Therefore any policy that seeks to reduce public debt should avoid curbing GDP growth; without growth, any fiscal consolidation is highly unlikely to succeed . These findings challenge the influential “Lawson Doctrine”, that f ...
... debt ratios than the slower (or negative ) GDP growth and banking crisis. Therefore any policy that seeks to reduce public debt should avoid curbing GDP growth; without growth, any fiscal consolidation is highly unlikely to succeed . These findings challenge the influential “Lawson Doctrine”, that f ...
Annex Theme 1: The political economy of integration revisited
... and the domestic banking system. In this context the so called "sovereign risk channel" was introduced in the fiscal policy discussion, suggesting that rising risk perceptions in financial markets can strongly dampen the effects of fiscal expansion of individual member states in EMU. The flip side o ...
... and the domestic banking system. In this context the so called "sovereign risk channel" was introduced in the fiscal policy discussion, suggesting that rising risk perceptions in financial markets can strongly dampen the effects of fiscal expansion of individual member states in EMU. The flip side o ...
US Domestic Actors and China Yuan/Dollar Exchange Rate
... •Increasing pressure from U.S. for China to have more flexible exchange rate system •Threat to label China as a currency manipulator ...
... •Increasing pressure from U.S. for China to have more flexible exchange rate system •Threat to label China as a currency manipulator ...
MSc Law & Accounting Seminar
... • The World’s Economic Centre of Gravity is moving East. • The European economic model is more robust than many think, but • The Southern European problem will have to be resolved, both in the short and longer term, • EU needs stronger institutions if it is to survive. • Europe’s leadership is curre ...
... • The World’s Economic Centre of Gravity is moving East. • The European economic model is more robust than many think, but • The Southern European problem will have to be resolved, both in the short and longer term, • EU needs stronger institutions if it is to survive. • Europe’s leadership is curre ...
Chapter 18
... External balance roughly means a constant level of official international reserves or a current account that is not too positive or too negative. ...
... External balance roughly means a constant level of official international reserves or a current account that is not too positive or too negative. ...
Chapter 18 Preview Macroeconomic Goals Macroeconomic Goals
... External balance roughly means a constant level of official international reserves or a current account that is not too positive or too negative. ...
... External balance roughly means a constant level of official international reserves or a current account that is not too positive or too negative. ...
Breaking Up Is Hard to Do: Three Market Odd Couples That Won`t
... adjust their operations rather than increase pay for their staff. Meanwhile, today’s workers are left imploring their employers, “Show me the money!” and wondering just how much lower unemployment can go without a commensurate pick-up in wages. This odd couple relationship should begin to demonstrat ...
... adjust their operations rather than increase pay for their staff. Meanwhile, today’s workers are left imploring their employers, “Show me the money!” and wondering just how much lower unemployment can go without a commensurate pick-up in wages. This odd couple relationship should begin to demonstrat ...
Define and Discuss on Monetary Policy
... argue that the velocity of circulation of money tends to remain constant so that V can also be regarded as fixed. Assuming that both Y and V are fixed, it follows that if the Fed were to engage in expansionary (or contractionary) monetary policy, leading to an increase (or decrease) in M, the only e ...
... argue that the velocity of circulation of money tends to remain constant so that V can also be regarded as fixed. Assuming that both Y and V are fixed, it follows that if the Fed were to engage in expansionary (or contractionary) monetary policy, leading to an increase (or decrease) in M, the only e ...
Slide 1
... cash; deposited in banks – Banks send salesmen around the world lending money at low and negative interest rates (negative after taking inflation into account) • lending to corporations (but with government guarantee) in South America • lending direct to governments in Africa ...
... cash; deposited in banks – Banks send salesmen around the world lending money at low and negative interest rates (negative after taking inflation into account) • lending to corporations (but with government guarantee) in South America • lending direct to governments in Africa ...
Contents of the course - Solvay Brussels School of
... – In a limited fiscal autonomy framework, the EU central budget should play a greater role, to equalise the effect on different regions (transfer fiscal resources to badly affected regions) provide an automatic stabilisation for regions suffering from a temporary loss of income spread the cost ...
... – In a limited fiscal autonomy framework, the EU central budget should play a greater role, to equalise the effect on different regions (transfer fiscal resources to badly affected regions) provide an automatic stabilisation for regions suffering from a temporary loss of income spread the cost ...
International finance and the foreign exchange market
... monetary policy will cause the opposite: ...
... monetary policy will cause the opposite: ...
The importance of well-developed - Bank for International Settlements
... Africa’s capital markets, but these still remain shallow and illiquid and tend to be small and fragmented, owing to a number of factors including low income levels; weak judicial systems; and scarcity of human capital and financial infrastructure. The financial sector is a key driver of growth in So ...
... Africa’s capital markets, but these still remain shallow and illiquid and tend to be small and fragmented, owing to a number of factors including low income levels; weak judicial systems; and scarcity of human capital and financial infrastructure. The financial sector is a key driver of growth in So ...
IMFC Statement by Helen Clark, Administrator of the United Nations
... Last year’s global trade growth slowed to its weakest pace since the global financial crisis, expanding by only 1.9 per cent. This was one of the lowest rates of growth in the past thirty years. This deceleration was both a contributing factor to and a symptom of the global economic slowdown. In rec ...
... Last year’s global trade growth slowed to its weakest pace since the global financial crisis, expanding by only 1.9 per cent. This was one of the lowest rates of growth in the past thirty years. This deceleration was both a contributing factor to and a symptom of the global economic slowdown. In rec ...
No: 2009-04 15 January 2009 DECISION OF THE MONETARY POLICY COMMITTEE
... c) The interest rate on overnight and one-week maturity borrowing facilities provided for primary dealers via repo transactions is decreased from 16.50 percent to 14.50 percent. Recent readings indicate that the slowdown in the domestic economic activity has further intensified. Latest forecasts sug ...
... c) The interest rate on overnight and one-week maturity borrowing facilities provided for primary dealers via repo transactions is decreased from 16.50 percent to 14.50 percent. Recent readings indicate that the slowdown in the domestic economic activity has further intensified. Latest forecasts sug ...
The purpose of this paper is to point to three economic benefits that
... By the credibility standard, formal union agreements like that in Europe ranks highest since it is difficult to imagine economic and political scenarios that would cause a member country to renounce the treaty and re-introduce its own currency. Though, of course, given the nature of politics, the pr ...
... By the credibility standard, formal union agreements like that in Europe ranks highest since it is difficult to imagine economic and political scenarios that would cause a member country to renounce the treaty and re-introduce its own currency. Though, of course, given the nature of politics, the pr ...
Toward Free-Market Money
... averaged 3.5 percent (through 2001Q2—go back further and this rate drops). But as good as things have been, they fall short in comparison with the average annual GDP growth of over 5 percent in the 100 years prior to 1971, when Nixon closed the gold window and floated the dollar. This may not sound ...
... averaged 3.5 percent (through 2001Q2—go back further and this rate drops). But as good as things have been, they fall short in comparison with the average annual GDP growth of over 5 percent in the 100 years prior to 1971, when Nixon closed the gold window and floated the dollar. This may not sound ...
an overview of the nigerian economy
... activities during a given period. It can also be defined as a combination of measures designed to regulate the value, supply and cost of credit in an economy in consonance with the expected level of economic activity. In other words, it aims at achieving price stability, full employment and econ ...
... activities during a given period. It can also be defined as a combination of measures designed to regulate the value, supply and cost of credit in an economy in consonance with the expected level of economic activity. In other words, it aims at achieving price stability, full employment and econ ...
J.D. Han
... a country which has a large manufacturing capacity but a small domestic investment capacity is the best partner: If the domestic investment needs are checked, under the level of savings, the country will export capital, to the U.S. financial industry. This division of labor cannot be sustained in th ...
... a country which has a large manufacturing capacity but a small domestic investment capacity is the best partner: If the domestic investment needs are checked, under the level of savings, the country will export capital, to the U.S. financial industry. This division of labor cannot be sustained in th ...
2.22-The Rise of the Global Elites
... See their wealth as a consequence of merit and hard work Feel victimized by criticism, while they see themselves “doing God’s work,” as the CEO of Goldman Sachs put it Generally blame indebted/over-leveraged working- and middle-class Americans their economic troubles – and for the financial crisis ...
... See their wealth as a consequence of merit and hard work Feel victimized by criticism, while they see themselves “doing God’s work,” as the CEO of Goldman Sachs put it Generally blame indebted/over-leveraged working- and middle-class Americans their economic troubles – and for the financial crisis ...
US$ Depreciation
... expressed as a certain price in local currency. For example $.99/€ means the euro in the U.S. is worth $.99. ...
... expressed as a certain price in local currency. For example $.99/€ means the euro in the U.S. is worth $.99. ...
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.