Currency Crises in Argentina - Asociación Argentina de Economía
... economic behavior, characterized by smoothly evolution over time, can be associated with dramatic attacks and changes in the exchange rate regimes. S e c o n d-G e n e r a t i o n M o d e l s The so– called second generation models developed by Flood and Garber (1984b) and Obstfeld (1986, 1994) beca ...
... economic behavior, characterized by smoothly evolution over time, can be associated with dramatic attacks and changes in the exchange rate regimes. S e c o n d-G e n e r a t i o n M o d e l s The so– called second generation models developed by Flood and Garber (1984b) and Obstfeld (1986, 1994) beca ...
CHAPTER 1
... After World War II, the United States and Europe negotiated treaties to reduce the high tariff rates imposed during the Great Depression. Recent discussions have focused on expanding trade in services and products incorporating intellectual property, rather than trade in goods. The World Trade Organ ...
... After World War II, the United States and Europe negotiated treaties to reduce the high tariff rates imposed during the Great Depression. Recent discussions have focused on expanding trade in services and products incorporating intellectual property, rather than trade in goods. The World Trade Organ ...
The Federal Reserve Engages the World
... associated concerns about the US external accounts. Gyrations in exchange rates and exchange rate arrangements were poorly understood and analyzed. Increases in energy prices along with mistakes in macroeconomic policies contributed to global recession, rising inflation, and external financial crise ...
... associated concerns about the US external accounts. Gyrations in exchange rates and exchange rate arrangements were poorly understood and analyzed. Increases in energy prices along with mistakes in macroeconomic policies contributed to global recession, rising inflation, and external financial crise ...
FORM 8-K - corporate
... Certain statements in this communication are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Coty Inc.’s (the “Company”) current views with respect to, among other things, the Company’s future operatio ...
... Certain statements in this communication are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Coty Inc.’s (the “Company”) current views with respect to, among other things, the Company’s future operatio ...
Relationship of Sino-US Trade Balance and RMB Exchange Rate
... Abstract: Based on annual data from 1994 to 2005, the paper showed that RMB exchange rate appreciation have influence on China-US trade balance in the long run to a certain extend but not the main reason for China-US trade imbalances through cointegration analysis and Granger causality test. Develop ...
... Abstract: Based on annual data from 1994 to 2005, the paper showed that RMB exchange rate appreciation have influence on China-US trade balance in the long run to a certain extend but not the main reason for China-US trade imbalances through cointegration analysis and Granger causality test. Develop ...
Regional Economic Outlook: Asia and Pacific
... prices picking up gradually beginning in the second half of 2015 and stabilizing over the longer term at a lower level than before the price drop—is expected to cause widespread but temporary declines in headline inflation. As with growth, the effects will vary considerably across the region. This r ...
... prices picking up gradually beginning in the second half of 2015 and stabilizing over the longer term at a lower level than before the price drop—is expected to cause widespread but temporary declines in headline inflation. As with growth, the effects will vary considerably across the region. This r ...
Viet Nam Economic and financial management Working Paper 1
... Source: Riedel, Bui and Nguyen (2000). Introduction of institutions for implementation and enforcement of these laws has been much slower than formulation of the laws. Economic courts and a Viet Nam International Arbitration Centre have been established, but expertise within the legal system with se ...
... Source: Riedel, Bui and Nguyen (2000). Introduction of institutions for implementation and enforcement of these laws has been much slower than formulation of the laws. Economic courts and a Viet Nam International Arbitration Centre have been established, but expertise within the legal system with se ...
the equilibrium real exchange rate
... This aim the paper is to scrutinize whether the equilibrium exchange rate framework could contribute to the understanding of misalignments in the real exchange rate in Turkey and whether this could be used as a guideline for policy interventions by the monetary authorities. Estimation results indica ...
... This aim the paper is to scrutinize whether the equilibrium exchange rate framework could contribute to the understanding of misalignments in the real exchange rate in Turkey and whether this could be used as a guideline for policy interventions by the monetary authorities. Estimation results indica ...
relative purchasing power parity and the european monetary union
... Q. F., 2003). The real exchange rate between FYR Macedonia and Germany has a very fast half-life estimation of about 5.3 months, while the real exchange rate between Bulgaria and Germany has a half-life of about 10 years and 9.2 months. These estimates are extremely different and must be treated wit ...
... Q. F., 2003). The real exchange rate between FYR Macedonia and Germany has a very fast half-life estimation of about 5.3 months, while the real exchange rate between Bulgaria and Germany has a half-life of about 10 years and 9.2 months. These estimates are extremely different and must be treated wit ...
Full Text
... a. How close (far?) was Romania to the Equilibrium Exchange Rate (EUR/RON) having to face many challenges starting with 2008; b. Analyze the results: how did Romania used this instrument to achieve its long term goal regarding the sustainable growth? c. What are the recommended/rather possible furth ...
... a. How close (far?) was Romania to the Equilibrium Exchange Rate (EUR/RON) having to face many challenges starting with 2008; b. Analyze the results: how did Romania used this instrument to achieve its long term goal regarding the sustainable growth? c. What are the recommended/rather possible furth ...
sandstorm gold sells stake in aurico metals for proceeds of us$10
... and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution ...
... and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution ...
Futuro Financial Services Pty Ltd abides by the National Privacy
... Generally the payment we receive will be based on the service provided. Details of the payments we receive are contained in the Product Disclosure Statements (PDS) for most financial product issuers, which are available from your authorised representative. If you receive personal advice, your author ...
... Generally the payment we receive will be based on the service provided. Details of the payments we receive are contained in the Product Disclosure Statements (PDS) for most financial product issuers, which are available from your authorised representative. If you receive personal advice, your author ...
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... for participating in the monetary union actually was (and still is) the move to a more independent and thereby more credible central bank. This did not only apply for most Southern European countries, which were in this way able to lower both their interest rates as well as their inflation rates sub ...
... for participating in the monetary union actually was (and still is) the move to a more independent and thereby more credible central bank. This did not only apply for most Southern European countries, which were in this way able to lower both their interest rates as well as their inflation rates sub ...
The effect of monetary and fiscal policy on interest
... Blinder and Solow (1973) explain that if the government runs a budget deficit, it competes with the private sector for funds. In turn, this drives up real interest rates and leads to a decline in interest-sensitive components of private spending like investment. Both monetary policies and fiscal po ...
... Blinder and Solow (1973) explain that if the government runs a budget deficit, it competes with the private sector for funds. In turn, this drives up real interest rates and leads to a decline in interest-sensitive components of private spending like investment. Both monetary policies and fiscal po ...
Financial development and export diversification in resource
... The second strand of the literature presents financial development as a source of countries’ comparative advantage. Kletzer and Bardhan (1987) argue that countries with an identical endowment structure and no economies of scale might face different production costs because of credit imperfections. ...
... The second strand of the literature presents financial development as a source of countries’ comparative advantage. Kletzer and Bardhan (1987) argue that countries with an identical endowment structure and no economies of scale might face different production costs because of credit imperfections. ...
application of the mundell-fleming model on a small open economy
... of liquidity trap is strongly rejected. Furthemore all liquidity constraints are eliminated, because the country can borrow money from the rest of the world, thus the government deficit, government budget and capital spending by the government would be exogenous. The economy can undergo strong infla ...
... of liquidity trap is strongly rejected. Furthemore all liquidity constraints are eliminated, because the country can borrow money from the rest of the world, thus the government deficit, government budget and capital spending by the government would be exogenous. The economy can undergo strong infla ...
Articles The Triumph of Monetarism?
... Friedman (1953a). The importance of thinking not just about what policy would be best in response to this particular shock but what policy rule would be best in general--and would be robust to economists' errors in understanding the structure of the economy and policy makers' errors in implementing ...
... Friedman (1953a). The importance of thinking not just about what policy would be best in response to this particular shock but what policy rule would be best in general--and would be robust to economists' errors in understanding the structure of the economy and policy makers' errors in implementing ...
What Has Government Done to Our Money?
... beginning with a useful commodity under barter, and then adding demand for a medium for exchange to the previous demand for direct use (e.g., for ornaments, in the case of gold).1 Thus, government is powerless to create money for the economy; it can only be developed by the processes of the free mar ...
... beginning with a useful commodity under barter, and then adding demand for a medium for exchange to the previous demand for direct use (e.g., for ornaments, in the case of gold).1 Thus, government is powerless to create money for the economy; it can only be developed by the processes of the free mar ...
EFFECTS OF EXCHANGE RATE VOLATILITY ON OUTPUTS IN
... countries (LDCs) than the developed countries (DCs) of the world. To achieve this noble objective, developing economic are constantly implementing policies that would not just increase their output but also, placed them in a very competitive position in the global economy. Among the English speaking ...
... countries (LDCs) than the developed countries (DCs) of the world. To achieve this noble objective, developing economic are constantly implementing policies that would not just increase their output but also, placed them in a very competitive position in the global economy. Among the English speaking ...
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... for participating in the monetary union actually was (and still is) the move to a more independent and thereby more credible central bank. This did not only apply for most Southern European countries, which were in this way able to lower both their interest rates as well as their inflation rates sub ...
... for participating in the monetary union actually was (and still is) the move to a more independent and thereby more credible central bank. This did not only apply for most Southern European countries, which were in this way able to lower both their interest rates as well as their inflation rates sub ...
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... Example: You are the owner of FU YANG FLYING EAGLE DUMPLINGS and have sold $100,000 worth of rice dumplings (zongzi) to a Chinese restaurant in San Francisco. You will be paid $100,000 in 90 days. Assume that the current spot exchange rate is 8.2767 yuan to the dollar. There is some risk that you ma ...
... Example: You are the owner of FU YANG FLYING EAGLE DUMPLINGS and have sold $100,000 worth of rice dumplings (zongzi) to a Chinese restaurant in San Francisco. You will be paid $100,000 in 90 days. Assume that the current spot exchange rate is 8.2767 yuan to the dollar. There is some risk that you ma ...
Conference Proceedings
... projects are strictly correlated with those themes that will be under discussion during this conference— correlated not only to those themes, but also to the projects that are about to begin—actually, that have already begun—those projects [rooted in] the works of Hyman Minsky and post-Keynesian eco ...
... projects are strictly correlated with those themes that will be under discussion during this conference— correlated not only to those themes, but also to the projects that are about to begin—actually, that have already begun—those projects [rooted in] the works of Hyman Minsky and post-Keynesian eco ...
Falling apart together: State interest and domestic political structure
... The exercise of interest in the European Union and the euro zone is a hotly debated issue owing to the larger theoretical questions it raises. Literature relating to ways in which state interests play out in Europe paints a picture of the limits different areas of European integration have placed on ...
... The exercise of interest in the European Union and the euro zone is a hotly debated issue owing to the larger theoretical questions it raises. Literature relating to ways in which state interests play out in Europe paints a picture of the limits different areas of European integration have placed on ...
Interest rate projections in theory and practice
... have understood the nature of the forecasts. Nevertheless, there is considerable uncertainty surrounding the interest rate path, which is why we present fan charts with uncertainty intervals around the forecasts. In addition, the Monetary Policy Report contains several different sensitivity analyses ...
... have understood the nature of the forecasts. Nevertheless, there is considerable uncertainty surrounding the interest rate path, which is why we present fan charts with uncertainty intervals around the forecasts. In addition, the Monetary Policy Report contains several different sensitivity analyses ...
Monetary Policy and Real Exchange Rate Dynamics in Sticky-Price Models
... persistence. In fact, if the policy rule followed by the monetary authorities has too strong an interest rate smoothing component, even the multisector sticky-price model fails to generate meaningful real exchange rate persistence in response to monetary shocks. Our …nding that policy inertia hampe ...
... persistence. In fact, if the policy rule followed by the monetary authorities has too strong an interest rate smoothing component, even the multisector sticky-price model fails to generate meaningful real exchange rate persistence in response to monetary shocks. Our …nding that policy inertia hampe ...
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.