The Korean Economy: Resilient Strength, Ambitious Growth
... Supported by government’s consistent and strict management, currency mismatch and duration mismatch have been minimized No currency mismatch exists ...
... Supported by government’s consistent and strict management, currency mismatch and duration mismatch have been minimized No currency mismatch exists ...
Capital Flows, Balance of Payments, and the Foreign Exchange
... supply U.S. dollars to the foreign exchange market, so the supply of U.S. dollars shifts to the right. The U.S. dollar depreciates (the exchange rate decreases). The euro appreciates (the exchange ...
... supply U.S. dollars to the foreign exchange market, so the supply of U.S. dollars shifts to the right. The U.S. dollar depreciates (the exchange rate decreases). The euro appreciates (the exchange ...
CENTRAL BANKING
... QE is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an eff ...
... QE is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an eff ...
Vocabulary, Economic terms, page 99
... the difference in value between imports and exports of goods over a particular period: ...
... the difference in value between imports and exports of goods over a particular period: ...
Business in the Global Economy
... Sudden changes in government may create an unfriendly setting for foreign business Risk of losing buildings, equipment or money in foreign banks Laws that impact foreign businesses in a country reduces confidence in that country’s currency ...
... Sudden changes in government may create an unfriendly setting for foreign business Risk of losing buildings, equipment or money in foreign banks Laws that impact foreign businesses in a country reduces confidence in that country’s currency ...
Cuba at a glance
... A change of leadership within the forecast period is highly likely. Although the Economist Intelligence Unit expects the transfer of power to be relatively smooth, there is no obvious candidate for the presidency among the younger generation of politicians. Systemic changes to the tightly controlled ...
... A change of leadership within the forecast period is highly likely. Although the Economist Intelligence Unit expects the transfer of power to be relatively smooth, there is no obvious candidate for the presidency among the younger generation of politicians. Systemic changes to the tightly controlled ...
Simple Rules for Open Economies John B. Taylor Stanford University
... • Regress deviation of ECB rate from Taylor rule on federal funds rate. • Estimated coefficient = .21 – standard error of .06. – Plot of the actual and fitted values from this regression: ...
... • Regress deviation of ECB rate from Taylor rule on federal funds rate. • Estimated coefficient = .21 – standard error of .06. – Plot of the actual and fitted values from this regression: ...
Presentation - Federal Reserve Bank of Atlanta
... • Financial panic resulted in a change in the currency composition of the portfolio of the private sector. Two conflicting forces led to this result – World deleveraging led to the cancellation of positions on domestic currency – Deleveraging in Argentina brought dollar deposits to Uruguay. ...
... • Financial panic resulted in a change in the currency composition of the portfolio of the private sector. Two conflicting forces led to this result – World deleveraging led to the cancellation of positions on domestic currency – Deleveraging in Argentina brought dollar deposits to Uruguay. ...
The Open Economy: International Trade and Finance
... In 2013 $1.579 T In 2014 $2.343 T Machinery: $213,108,199,000 (13.5% of total exports) Electronic equipment: ...
... In 2013 $1.579 T In 2014 $2.343 T Machinery: $213,108,199,000 (13.5% of total exports) Electronic equipment: ...
Unit 2
... If arbitrage occurs, prices that differ in two different markets would converge According to Purchasing-Power Parity, exchange rates have to ensure that the currencies have the same purchasing power in all countries ...
... If arbitrage occurs, prices that differ in two different markets would converge According to Purchasing-Power Parity, exchange rates have to ensure that the currencies have the same purchasing power in all countries ...
Lecture 22: Crises in Emerging Markets
... After a devaluation, heads of state in developing countries lose their jobs... …in the 1960s, twice as often within 1 year of devaluation (30%) as compared to control group (14%) Richard Cooper (1971). ...
... After a devaluation, heads of state in developing countries lose their jobs... …in the 1960s, twice as often within 1 year of devaluation (30%) as compared to control group (14%) Richard Cooper (1971). ...
ARE RESERVES AND PRECAUTIONARY LENDING
... Reserves as a “collateral” to reduce moral hazard problems. Once again precautionary lending and international reserves can be complement. Note: similar point on complentarity domestic saving and FDI. (Aghion et al. (2009) ...
... Reserves as a “collateral” to reduce moral hazard problems. Once again precautionary lending and international reserves can be complement. Note: similar point on complentarity domestic saving and FDI. (Aghion et al. (2009) ...
Exchange Rates Theories
... having reserve flows offset their goal. If there are barriers to int’l capital mobility, int’l asset return differential would persist. The central bank can change the money supply growth in the SR without inflicting reserve flows. ...
... having reserve flows offset their goal. If there are barriers to int’l capital mobility, int’l asset return differential would persist. The central bank can change the money supply growth in the SR without inflicting reserve flows. ...
Bolivia_en.pdf
... foreign currency, this time to 13.5%, while the reserve requirement for securities was lowered from 12% to 8%. These policies were part of the government’s effort to bolivianize the financial system. At the end of 2010, for the first time more than half of deposits and loans were in local currency. ...
... foreign currency, this time to 13.5%, while the reserve requirement for securities was lowered from 12% to 8%. These policies were part of the government’s effort to bolivianize the financial system. At the end of 2010, for the first time more than half of deposits and loans were in local currency. ...
B. Exchange Rates and the Foreign Exchange Market Exchange
... Percentage return on an asset during a particular period ...
... Percentage return on an asset during a particular period ...
Monetary & Fiscal Policy in a Global Economy
... Changes in the domestic and foreign interest rates affect the supply and demand of domestic and foreign currency, thus affecting the exchange rate. For example, if interest rate returns on investments (let’s say bonds) in the United States increases, the supply of US dollars increases and the demand ...
... Changes in the domestic and foreign interest rates affect the supply and demand of domestic and foreign currency, thus affecting the exchange rate. For example, if interest rate returns on investments (let’s say bonds) in the United States increases, the supply of US dollars increases and the demand ...
Introduction to Session III: Reducing Country
... Forbes, Kristin (2007), “One cost of the Chilean capital controls: Increased financial constraints for smaller traded firms,” Journal of International Economics, 71, no.2, April, Pages 294-323 Frankel, Jeffrey & George Saravelos (2010), “Are Leading Indicators of Financial Crises Useful for Assessin ...
... Forbes, Kristin (2007), “One cost of the Chilean capital controls: Increased financial constraints for smaller traded firms,” Journal of International Economics, 71, no.2, April, Pages 294-323 Frankel, Jeffrey & George Saravelos (2010), “Are Leading Indicators of Financial Crises Useful for Assessin ...
Macroeconomic Environment for Development: SADC Region
... Cont’d • The region’s real GDP increased marginally by an estimated 0.1 per cent in 2009 down from an increase of 5.9 per cent recorded in 2008 – As a result of the depressed economic growth, the positive trend in per capita income recorded since 2006 was reversed in 2009. – Growth in per capita in ...
... Cont’d • The region’s real GDP increased marginally by an estimated 0.1 per cent in 2009 down from an increase of 5.9 per cent recorded in 2008 – As a result of the depressed economic growth, the positive trend in per capita income recorded since 2006 was reversed in 2009. – Growth in per capita in ...
Demand for a currency - yELLOWSUBMARINER.COM
... is a depreciation. In a fixed system, if the rate at which it is fixed is increased, this is a revaluation. If a lower rate is fixed it is a devaluation. Real exchange rate: takes inflation into account. e.g. if the pound falls by 3% against the Euro, but UK inflation is 3% higher than Germany's ...
... is a depreciation. In a fixed system, if the rate at which it is fixed is increased, this is a revaluation. If a lower rate is fixed it is a devaluation. Real exchange rate: takes inflation into account. e.g. if the pound falls by 3% against the Euro, but UK inflation is 3% higher than Germany's ...
Слайд 1 - English Studies
... • purchasing power parity – the 3rd PPP is an economic theory and a technique used to determine the relative value of currencies, estimating the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to (or on par with) each currency's purchasin ...
... • purchasing power parity – the 3rd PPP is an economic theory and a technique used to determine the relative value of currencies, estimating the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to (or on par with) each currency's purchasin ...
Document
... => The MB growth rate was kept down to the growth rate of the API-120 - Prof. J.Frankel, Harvard was little inflationary pressure. real economy (≈ 10%/year), so there ...
... => The MB growth rate was kept down to the growth rate of the API-120 - Prof. J.Frankel, Harvard was little inflationary pressure. real economy (≈ 10%/year), so there ...
Foreign-exchange reserves
Foreign-exchange reserves (also called forex reserves or FX reserves) are assets held by a central bank or other monetary authority, usually in various reserve currencies, mostly the United States dollar, and to a lesser extent the euro, the pound sterling, and the Japanese yen, and used to back its liabilities—e.g., the local currency issued, and the various bank reserves deposited with the central bank by the government or by financial institutions.