IGA e-Newsletter Center for International Data
... countries taking into account factor such as : (i) differences in exchange rates; (ii) differences in the prices paid by consumers in these countries; (iii) differences in the trading opportunities of countries as indicated by the prices for their imports and exports. The series for real GDP are use ...
... countries taking into account factor such as : (i) differences in exchange rates; (ii) differences in the prices paid by consumers in these countries; (iii) differences in the trading opportunities of countries as indicated by the prices for their imports and exports. The series for real GDP are use ...
No: 2009-07 19 February 2009 DECISION OF THE MONETARY POLICY COMMITTEE
... Problems in international credit markets and the global economy persist, suggesting that it will take some time for the economic activity to recover. Therefore, downward pressures on inflation are expected to prevail. Moreover, ongoing declines in oil and other commodity prices are having a favorabl ...
... Problems in international credit markets and the global economy persist, suggesting that it will take some time for the economic activity to recover. Therefore, downward pressures on inflation are expected to prevail. Moreover, ongoing declines in oil and other commodity prices are having a favorabl ...
No: 2008 – 38 December 18, 2008 Committee Members
... The Monetary Policy Committee (The Committee) has decided to lower the policy rates as follows: a) Overnight Interest Rates: Borrowing rate is decreased from 16.25 percent to 15 percent, while lending rate is decreased from 18.75 percent to 17.50 percent, b) Late Liquidity Window Interest Rates: Bor ...
... The Monetary Policy Committee (The Committee) has decided to lower the policy rates as follows: a) Overnight Interest Rates: Borrowing rate is decreased from 16.25 percent to 15 percent, while lending rate is decreased from 18.75 percent to 17.50 percent, b) Late Liquidity Window Interest Rates: Bor ...
ECON 4423-001 International Finance
... and open economy macroeconomics, and apply these models to interesting, important, and recent events in international macroeconomics. My goals in the lectures will be to work through similar analytical models and then to give further applications of these principles. For example, the text was publis ...
... and open economy macroeconomics, and apply these models to interesting, important, and recent events in international macroeconomics. My goals in the lectures will be to work through similar analytical models and then to give further applications of these principles. For example, the text was publis ...
China`s Currency Moves
... policymakers are going to continue to be very careful in how they move forward and will not likely make dramatic changes to the currency. China has made a number of currency agreements with individual countries. In Argentina, for example, it has done a swap deal where China took Argentine pesos in e ...
... policymakers are going to continue to be very careful in how they move forward and will not likely make dramatic changes to the currency. China has made a number of currency agreements with individual countries. In Argentina, for example, it has done a swap deal where China took Argentine pesos in e ...
Capital Markets Monthly
... International bonds • In March 2017, the US Federal Reserve implemented its third rate hike. The notion that fiscal policy will probably be more expansionary under “Trumponomics”, along with a more ...
... International bonds • In March 2017, the US Federal Reserve implemented its third rate hike. The notion that fiscal policy will probably be more expansionary under “Trumponomics”, along with a more ...
Education Memo - The Rainier Group
... From 1870 to 1914, a growing share of the world economy came under the classical gold standard. Stable exchange rates encouraged a first round of globalization. Accordingly, interest rates across countries converged and capital flows between them surged. From 1914 to 1945, the global economy was des ...
... From 1870 to 1914, a growing share of the world economy came under the classical gold standard. Stable exchange rates encouraged a first round of globalization. Accordingly, interest rates across countries converged and capital flows between them surged. From 1914 to 1945, the global economy was des ...
The European Monetary System (1)
... The exchange rate between two currencies was determined on the basis of the rates at which the respective currencies could be converted into gold, that is, the price of gold in the two countries. This system assumed that there were no transaction costs involved in buying and selling of gold and no t ...
... The exchange rate between two currencies was determined on the basis of the rates at which the respective currencies could be converted into gold, that is, the price of gold in the two countries. This system assumed that there were no transaction costs involved in buying and selling of gold and no t ...
The current financial and economic crisis
... credit default swaps (CDS) • The recently published BIS, ECB and IMF ‘Handbook on Securities Statistics’ part I on debt securities issues, addresses a need for more extensive, comparable securities data • Compilation of timely world aggregates (e.g. world quarterly GDP after 60 days) with regional b ...
... credit default swaps (CDS) • The recently published BIS, ECB and IMF ‘Handbook on Securities Statistics’ part I on debt securities issues, addresses a need for more extensive, comparable securities data • Compilation of timely world aggregates (e.g. world quarterly GDP after 60 days) with regional b ...
RESERVE BANK OF MALAWI MINUTES OF THE 5 MONETARY POLICY COMMITTEE MEETING
... borrowing from the commercial banks. Reflecting effects of the recent reduction in commercial banks’ lending rates, private sector credit from the commercial banks grew by K1.4 billion to K273.6 billion in August 2014 from K272.3 billion in July 2014. However, at 34.3 percent, the average prime lend ...
... borrowing from the commercial banks. Reflecting effects of the recent reduction in commercial banks’ lending rates, private sector credit from the commercial banks grew by K1.4 billion to K273.6 billion in August 2014 from K272.3 billion in July 2014. However, at 34.3 percent, the average prime lend ...
CHINA AND ITS DOLLAR PEG – THE TRUE SOURCE OF... B M
... Mundell (Ibid.) argues that demand shifts from the products of B to the products of A, a depreciation of country B or an appreciation of country A would correct the external imbalance and also relieve unemployment in country B and inflation in country A. This is the most favourable case for flexible ...
... Mundell (Ibid.) argues that demand shifts from the products of B to the products of A, a depreciation of country B or an appreciation of country A would correct the external imbalance and also relieve unemployment in country B and inflation in country A. This is the most favourable case for flexible ...
OVERVIEW
... have led to a global liquidity surplus and limited the fall in stock markets and commodity prices. Such a liquidity surge also helped the risk appetite to continue its increasing trend and fuelled capital inflows to those emerging markets that have relatively better fiscal positions and growth prosp ...
... have led to a global liquidity surplus and limited the fall in stock markets and commodity prices. Such a liquidity surge also helped the risk appetite to continue its increasing trend and fuelled capital inflows to those emerging markets that have relatively better fiscal positions and growth prosp ...
Global Financial Regulation A recent addition to the global
... – Financial reregulation (in the West) – Financial multipolarity (not created by crisis, but accelerated) ...
... – Financial reregulation (in the West) – Financial multipolarity (not created by crisis, but accelerated) ...
Michael Burda 13 March 2010, VOX.EU
... Europe could stomach giving away real authority on fiscal matters to a third party, especially given the dominant role of the US in that organisation. Besides it would be a cop-out. Europe can’t slough off its important decisions to some faraway place. If Europe is serious about its political future ...
... Europe could stomach giving away real authority on fiscal matters to a third party, especially given the dominant role of the US in that organisation. Besides it would be a cop-out. Europe can’t slough off its important decisions to some faraway place. If Europe is serious about its political future ...
An Introduction to Monetary Policy Rules
... Salter examines several different proposed rules that the Fed could follow. Salter provides a framework to help policymakers better understand how incentives and information can affect monetary policy and discusses discretion-based and rule-based approaches to monetary policy. He concludes that a ru ...
... Salter examines several different proposed rules that the Fed could follow. Salter provides a framework to help policymakers better understand how incentives and information can affect monetary policy and discusses discretion-based and rule-based approaches to monetary policy. He concludes that a ru ...
Bank of Israel
... trade; these processes are expected to negatively impact the global economy overall, and in particular small and open economies such as Israel’s. The appreciation in the effective exchange rate continues, and over the past year it was more than five percent. Against the dollar, the shekel fluctuated ...
... trade; these processes are expected to negatively impact the global economy overall, and in particular small and open economies such as Israel’s. The appreciation in the effective exchange rate continues, and over the past year it was more than five percent. Against the dollar, the shekel fluctuated ...
HOW TO STOP THE DEPRESSION
... total debt can only grow but never contract. Even if all debtors could repay their loans, debt would still not be extinguished. It would be merely transferred to the banks and, ultimately, to the government. Consider also the fact that the liquidation value of perpetual debt doubles every time the r ...
... total debt can only grow but never contract. Even if all debtors could repay their loans, debt would still not be extinguished. It would be merely transferred to the banks and, ultimately, to the government. Consider also the fact that the liquidation value of perpetual debt doubles every time the r ...
Regional Symposium: Policies and Environment Conducive to
... the source of the investment including that foreign investors are treated no less favourably than domestic investors. They ban investment incentives which distort fair competition. They ban performance requirements that distort or limit expansion of trade and investment. They ban expropriation of f ...
... the source of the investment including that foreign investors are treated no less favourably than domestic investors. They ban investment incentives which distort fair competition. They ban performance requirements that distort or limit expansion of trade and investment. They ban expropriation of f ...
Year-end Update of ECONOMIC AND SOCIAL SURVEY Launch of
... • However in many other areas pledges have to be turned into action and further structural reforms need to be enacted. For example: o China and Viet Nam need to further open up SOEs and recapitalize banks. o India and Indonesia need regulatory reform and opening of markets to boost domestic and fore ...
... • However in many other areas pledges have to be turned into action and further structural reforms need to be enacted. For example: o China and Viet Nam need to further open up SOEs and recapitalize banks. o India and Indonesia need regulatory reform and opening of markets to boost domestic and fore ...
Strategic Interaction between Fiscal and Monetary Policies in an
... Schneider (1986), Dixit and Lambertini (2003) ...
... Schneider (1986), Dixit and Lambertini (2003) ...
Understanding “Secular Stagnation”* C.P. Chandrasekhar and Jayati Ghosh
... trends in the world economy. The IMF brought out its biannual World Economic Outlook (WEO) with a blaze of publicity that highlighted how it is increasingly pessimistic about medium terms growth prospects. The Trade and Development Report (TDR) of UNCTAD, by contrast, received much less media covera ...
... trends in the world economy. The IMF brought out its biannual World Economic Outlook (WEO) with a blaze of publicity that highlighted how it is increasingly pessimistic about medium terms growth prospects. The Trade and Development Report (TDR) of UNCTAD, by contrast, received much less media covera ...
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... 2012. Most of the adjustment took place shortly after the financial crisis, with negative global growth and lower demand in external deficit economies. In most of these economies investment and government savings declined, while private saving sometimes increased. The imbalances are projected to sta ...
... 2012. Most of the adjustment took place shortly after the financial crisis, with negative global growth and lower demand in external deficit economies. In most of these economies investment and government savings declined, while private saving sometimes increased. The imbalances are projected to sta ...
Currency Wars and Competitive Devaluation.
... can lead to increased prices of foreign goods and the costs of imported products, in turn decreasing living standards. More important however, with increasing trading costs for other countries and increasing costs of stable exchange rates, devaluation policies can provoke other countries to follow t ...
... can lead to increased prices of foreign goods and the costs of imported products, in turn decreasing living standards. More important however, with increasing trading costs for other countries and increasing costs of stable exchange rates, devaluation policies can provoke other countries to follow t ...
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.