Slide 1
... (like the monetary theory of inflation) that money/credit is exogenous or somehow under the control of authorities which is arguable. The hypothesis of endogenous money/credit has a respectable pedigree in the history of economic thought, especially, in the Keynesian and Post-Keynesian tradition. ...
... (like the monetary theory of inflation) that money/credit is exogenous or somehow under the control of authorities which is arguable. The hypothesis of endogenous money/credit has a respectable pedigree in the history of economic thought, especially, in the Keynesian and Post-Keynesian tradition. ...
Capital Flows and Accelerating Mechanism: An Alternative
... may not reflect the objective of the EME policy makers ...
... may not reflect the objective of the EME policy makers ...
Objectives today - Economics of Agricultural Development
... • Higher exchange rate reduces demand for exports and increases supply of imports • Exports down and imports up mean more goods at home • More goods on the market compared to demand keeps inflation down ...
... • Higher exchange rate reduces demand for exports and increases supply of imports • Exports down and imports up mean more goods at home • More goods on the market compared to demand keeps inflation down ...
High-level Regional Policy Dialogue on
... Dear and Right Honorable participants, It is an honor to be here with you in this important and actual meeting. Kazakhstan's goal is to meet the new trends and realities of sustainable economic growth in post-crisis world. With this objective in Astana the platform of dialogue of a new format is cre ...
... Dear and Right Honorable participants, It is an honor to be here with you in this important and actual meeting. Kazakhstan's goal is to meet the new trends and realities of sustainable economic growth in post-crisis world. With this objective in Astana the platform of dialogue of a new format is cre ...
Sutela Slides - Carnegie Endowment for International Peace
... Russia, like many resource-dependent countries, had learned from earlier crises and accumulated large reserve funds in recent years. In end-2008, they amounted to 225.1 billion USD, in April 2010 to 129.4 billion USD. This was originally at least partly controversial, but the fiscal conservatives le ...
... Russia, like many resource-dependent countries, had learned from earlier crises and accumulated large reserve funds in recent years. In end-2008, they amounted to 225.1 billion USD, in April 2010 to 129.4 billion USD. This was originally at least partly controversial, but the fiscal conservatives le ...
Document
... • As with Japan’s earlier experience, exchange rate appreciation, or the threat thereof , caused macroeconomic distress without having any obvious effect on its trade surplus. • If the country is an immature creditor and its trade surplus is large , even floating is infeasible. Because of currency m ...
... • As with Japan’s earlier experience, exchange rate appreciation, or the threat thereof , caused macroeconomic distress without having any obvious effect on its trade surplus. • If the country is an immature creditor and its trade surplus is large , even floating is infeasible. Because of currency m ...
Exchange Rate
... for International Settlements (BIS) ) • Foreign exchange market activity has become ever more concentrated in a handful of global financial centres. The vast majority of global FX trading in 2013 has occurred in five jurisdictions: the United Kingdom (41%), the United States (19%), Singapore (5.7%), ...
... for International Settlements (BIS) ) • Foreign exchange market activity has become ever more concentrated in a handful of global financial centres. The vast majority of global FX trading in 2013 has occurred in five jurisdictions: the United Kingdom (41%), the United States (19%), Singapore (5.7%), ...
Chapter 19 Exchange Rate Policy and the Central Bank
... • If all policymakers want to do is fix the exchange rate, they can offer to buy and sell their country’s currency at a fixed rate. • As the Fed works to maintain a fixed dollareuro exchange rate, its balance sheet shifts. • When it buy euros, it increases its dollar liabilities. • When it sells eur ...
... • If all policymakers want to do is fix the exchange rate, they can offer to buy and sell their country’s currency at a fixed rate. • As the Fed works to maintain a fixed dollareuro exchange rate, its balance sheet shifts. • When it buy euros, it increases its dollar liabilities. • When it sells eur ...
The Almighty Dollar
... Chaos and attempts at order: the period leading up to the Civil War Once the aftermath of the Revolutionary War and the turmoil of foundation had been overcome, the young republic experienced a phase of rapid growth both in the size of its population and in the extent of its territory and its econom ...
... Chaos and attempts at order: the period leading up to the Civil War Once the aftermath of the Revolutionary War and the turmoil of foundation had been overcome, the young republic experienced a phase of rapid growth both in the size of its population and in the extent of its territory and its econom ...
SIMON FRASER UNIVERSITY Department of Economics Econ 345 Prof. Kasa
... Questions 1-4. Answer True, False, or Uncertain. Briefly explain your answer. No credit without explanation (5 points each). 1. A depreciation of the (real) exchange rate increases net exports. 2. Equilibrium in the foreign exchange market predicts that interest rates and exchange rates (defined as th ...
... Questions 1-4. Answer True, False, or Uncertain. Briefly explain your answer. No credit without explanation (5 points each). 1. A depreciation of the (real) exchange rate increases net exports. 2. Equilibrium in the foreign exchange market predicts that interest rates and exchange rates (defined as th ...
An exclusive interview with Larry Summers. TIe founder and editor
... Smick: Further on that point, to what extent is the world therefore flirting with trouble on the currency front? With a weakening economy, China has recently depreciated its currency and no doubt will want to weaken the yuan further over the next several years, some say by another 15–20 percent. Th ...
... Smick: Further on that point, to what extent is the world therefore flirting with trouble on the currency front? With a weakening economy, China has recently depreciated its currency and no doubt will want to weaken the yuan further over the next several years, some say by another 15–20 percent. Th ...
the full text of the speech
... not be repeated. Let me recall, for those who have not experienced or have forgotten those episodes, that inflation (in Greece) had exceeded 33% by early 1974 and remained at double-digit levels throughout the next twenty years (until 1994). During that period, the fiscal deficit also reached double ...
... not be repeated. Let me recall, for those who have not experienced or have forgotten those episodes, that inflation (in Greece) had exceeded 33% by early 1974 and remained at double-digit levels throughout the next twenty years (until 1994). During that period, the fiscal deficit also reached double ...
G20 Finance Ministers Communique - G
... strengthening of private demand, and the recovery in the euro area as a whole yet to materialize. Policy uncertainty, private deleveraging, fiscal drag, impaired credit intermediation, and a still incomplete rebalancing of global demand continue to weigh on global growth prospects. Mediumterm challe ...
... strengthening of private demand, and the recovery in the euro area as a whole yet to materialize. Policy uncertainty, private deleveraging, fiscal drag, impaired credit intermediation, and a still incomplete rebalancing of global demand continue to weigh on global growth prospects. Mediumterm challe ...
G20 Finance Ministers and Central Bank
... strengthening of private demand, and the recovery in the euro area as a whole yet to materialize. Policy uncertainty, private deleveraging, fiscal drag, impaired credit intermediation, and a still incomplete rebalancing of global demand continue to weigh on global growth prospects. Mediumterm challe ...
... strengthening of private demand, and the recovery in the euro area as a whole yet to materialize. Policy uncertainty, private deleveraging, fiscal drag, impaired credit intermediation, and a still incomplete rebalancing of global demand continue to weigh on global growth prospects. Mediumterm challe ...
Joint Communiqué
... resolve financial institutions in an orderly manner. The FSB will report to the St Petersburg Summit on the progress made towards ending “too big to fail”. We note the progress in implementation of OTC derivatives reforms and we are committed to complete the remaining legislative and regulatory fram ...
... resolve financial institutions in an orderly manner. The FSB will report to the St Petersburg Summit on the progress made towards ending “too big to fail”. We note the progress in implementation of OTC derivatives reforms and we are committed to complete the remaining legislative and regulatory fram ...
Will the reform process resume once the recovery begins?
... is a crucial question to ask, especially when Europe has been facing so much outside pressure from the likes of the United States and the International Monetary Fund to focus on shortterm Keynesian stimulus policies. True, things are pretty ugly right now. Europe’s income is projected to fall a stag ...
... is a crucial question to ask, especially when Europe has been facing so much outside pressure from the likes of the United States and the International Monetary Fund to focus on shortterm Keynesian stimulus policies. True, things are pretty ugly right now. Europe’s income is projected to fall a stag ...
Homework 4 - I can be contacted at
... Match the correct definition to the word or phrase below 1. The speed with which an asset can be converted to currency 2. Currency held at a financial institutions in order to manage the demand for cash flows 3. The percentage of bank deposits a bank must keep on hand as required by the Federal Rese ...
... Match the correct definition to the word or phrase below 1. The speed with which an asset can be converted to currency 2. Currency held at a financial institutions in order to manage the demand for cash flows 3. The percentage of bank deposits a bank must keep on hand as required by the Federal Rese ...
The Basic Income Guarantee and Monetary Reform
... So in order to consume the production base and keep the nation’s workforce employed, the government must introduce purchasing power. The simplest way to do it is to issue what Douglas called a National Dividend at the start of each year to everyone, without means tests, without distinction as to whe ...
... So in order to consume the production base and keep the nation’s workforce employed, the government must introduce purchasing power. The simplest way to do it is to issue what Douglas called a National Dividend at the start of each year to everyone, without means tests, without distinction as to whe ...
International Economic Environment
... and the US dollar rose after the presidential election outcome on expectations of pro-growth policies under the new administration and a faster pace of monetary policy normalisation by the Federal Reserve. Financial markets in most other advanced economies improved, supported by tentative signs of s ...
... and the US dollar rose after the presidential election outcome on expectations of pro-growth policies under the new administration and a faster pace of monetary policy normalisation by the Federal Reserve. Financial markets in most other advanced economies improved, supported by tentative signs of s ...
Global economic growth remains moderate. Subdued international
... Subdued international trade and industrial production weighed on quarter one growth outcomes for advanced and emerging economies, as well as some of Fiji’s major trading partner countries. ...
... Subdued international trade and industrial production weighed on quarter one growth outcomes for advanced and emerging economies, as well as some of Fiji’s major trading partner countries. ...
Monetary policy - Andrew Leung International Consultants Limited
... High savings due more to corporate savings (household savings ratio fairly constant); so low deposit rate not main reason for depressed consumption. Bias towards ‘tradables’ and heavy industrial sector -‘steel, machinery, chemicals’(Productivity rise concentration in tradables - Belassa & Samuelson ...
... High savings due more to corporate savings (household savings ratio fairly constant); so low deposit rate not main reason for depressed consumption. Bias towards ‘tradables’ and heavy industrial sector -‘steel, machinery, chemicals’(Productivity rise concentration in tradables - Belassa & Samuelson ...
Market outlook Indian markets witnessed a fall partly due to
... Trump’s election in US has strengthened market expectations of rate hikes in US, and the shift of growth mantle from monetary policy to fiscal policy. We had been increasingly getting skeptical of incremental efficacy of global monetary easing. The money-pumping exercise had been leading to asset pr ...
... Trump’s election in US has strengthened market expectations of rate hikes in US, and the shift of growth mantle from monetary policy to fiscal policy. We had been increasingly getting skeptical of incremental efficacy of global monetary easing. The money-pumping exercise had been leading to asset pr ...
James Dorn IN A GLOBAL ECONOMY
... advocates a genuine gold standard and free banking as his preferred alternative to achieve predictability. He would “abolish the central bank, institute a pure gold standard, and allow free banking. The monetary constitution would only postulate that each creditor had the right to demand payment fro ...
... advocates a genuine gold standard and free banking as his preferred alternative to achieve predictability. He would “abolish the central bank, institute a pure gold standard, and allow free banking. The monetary constitution would only postulate that each creditor had the right to demand payment fro ...
On the Renminbi - Harvard Kennedy School
... The author is not endorsing urgings of American politicians. US trade deficits and unemployment are not substantially attributable to China’s exchange rate policy.1 Furthermore, any country is free to choose to peg its currency if it wishes. Thus allegations of “illegal exchange rate manipulation” a ...
... The author is not endorsing urgings of American politicians. US trade deficits and unemployment are not substantially attributable to China’s exchange rate policy.1 Furthermore, any country is free to choose to peg its currency if it wishes. Thus allegations of “illegal exchange rate manipulation” a ...
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.