Forecasting Global Commodity Prices Using South
... closely based on their research. They use a sample of five commodity currencies taken as a basket to predict the aggregate movement of the commodities market as incorporated by the IMF index, which can be considered to be an accurate proxy for the overall market. They conclude that the currencies ha ...
... closely based on their research. They use a sample of five commodity currencies taken as a basket to predict the aggregate movement of the commodities market as incorporated by the IMF index, which can be considered to be an accurate proxy for the overall market. They conclude that the currencies ha ...
Choice Of Exchange Rate Regimes For Developing Countries
... the spectrum. Intermediate regimes such as crawling bands could be viable alternatives if they are supported by appropriate macroeconomic policies. It is also widely maintained that some form of soft peg regimes would be more viable and more appropriate for most poorer developing economies because t ...
... the spectrum. Intermediate regimes such as crawling bands could be viable alternatives if they are supported by appropriate macroeconomic policies. It is also widely maintained that some form of soft peg regimes would be more viable and more appropriate for most poorer developing economies because t ...
The Relationship Between Foreign Exchange
... portfolio flows, hedge funds, mutual funds and the safe haven status of currencies. In economies such as US and the European nations, international trade is priced in the currency of the area concerned unlike in smaller economies like Iceland where imports are priced in foreign currency since the kr ...
... portfolio flows, hedge funds, mutual funds and the safe haven status of currencies. In economies such as US and the European nations, international trade is priced in the currency of the area concerned unlike in smaller economies like Iceland where imports are priced in foreign currency since the kr ...
The euro in the `currency war` - Centre for Economic Policy Research
... became de facto more restrictive than the other major central banks in 2013. This contributed to the relative strength of the euro over that period. As of early 2014, deflationary pressures are tangible. Inflation at constant tax rates stood at an annual level of 1% between April and November 2013 – ...
... became de facto more restrictive than the other major central banks in 2013. This contributed to the relative strength of the euro over that period. As of early 2014, deflationary pressures are tangible. Inflation at constant tax rates stood at an annual level of 1% between April and November 2013 – ...
ECON8815
... administered by Copyright Agency Limited (CAL), granted to the University of Western Australia pursuant to Part VB of the Copyright Act 1968 (Cth). Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exc ...
... administered by Copyright Agency Limited (CAL), granted to the University of Western Australia pursuant to Part VB of the Copyright Act 1968 (Cth). Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes of this fair dealing exc ...
Exchange Rates and Trade Balances under the Dollar Standard
... Clearly, he remains loyal to the elasticities model since he quotes “As James Meade (1951) emphasized more than 50 years ago, the classical remedy for an economy experiencing both domestic overheating and external surpluses is exchange rate appreciation, and neither reserve nor debt consideration a ...
... Clearly, he remains loyal to the elasticities model since he quotes “As James Meade (1951) emphasized more than 50 years ago, the classical remedy for an economy experiencing both domestic overheating and external surpluses is exchange rate appreciation, and neither reserve nor debt consideration a ...
Regime Switches in Exchange Rate Volatility and Uncovered
... In estimating the model, we employ a Bayesian Gibbs sampling. Our method is an extension of those used in the literature, such as Albert and Chib (1993), Kim, Nelson and Startz (1998), and Kim and Nelson (1999). There is a new aspect in our method, however. With this estimation method, we can examin ...
... In estimating the model, we employ a Bayesian Gibbs sampling. Our method is an extension of those used in the literature, such as Albert and Chib (1993), Kim, Nelson and Startz (1998), and Kim and Nelson (1999). There is a new aspect in our method, however. With this estimation method, we can examin ...
Freeing the World from the Free Market Economy
... the international economy (fluctuations which it could spread across its vast empire). It served as the lender of last resort, but the standard was a requirement for any nation that wished to be viewed as a stable and competitive investment. The standard ended with World War I, as the amount of gold ...
... the international economy (fluctuations which it could spread across its vast empire). It served as the lender of last resort, but the standard was a requirement for any nation that wished to be viewed as a stable and competitive investment. The standard ended with World War I, as the amount of gold ...
The Credit Channel in Middle Income Countries
... the paths of the key variables are independent of the nominal exchange rate regime, which is important because of a wide variation across MICs in this regard. Second, an empirical characterization of economic fluctuations follows directly from the equilibrium: (a) it determines which variables to in ...
... the paths of the key variables are independent of the nominal exchange rate regime, which is important because of a wide variation across MICs in this regard. Second, an empirical characterization of economic fluctuations follows directly from the equilibrium: (a) it determines which variables to in ...
Currency
A currency (from Middle English: curraunt, ""in circulation"", from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, British pounds, U.S. dollars, and European euros are examples of currency. These various currencies are stores of value, and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.Other definitions of the term ""currency"" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value. Digital currency arose with the popularity of computers and the Internet.