Foreign currency borrowing by small firms in emerging markets
... arguably greater counterparty risk. As a result, private sector capital needs, in addition to Lebanese government debt, are financed by depositors intermediating desired dollar-denominated savings through domestic commercial banks. Even so, we find a number of common determinants with foreign currency ...
... arguably greater counterparty risk. As a result, private sector capital needs, in addition to Lebanese government debt, are financed by depositors intermediating desired dollar-denominated savings through domestic commercial banks. Even so, we find a number of common determinants with foreign currency ...
Carbaugh, International Economics 9e, Chapter 13
... inflation rates, exchange rates will move in the opposite direction to keep prices the same The theory may be more useful for predicting ...
... inflation rates, exchange rates will move in the opposite direction to keep prices the same The theory may be more useful for predicting ...
The Market Microstructure Approach to Foreign Exchange: Looking
... (King and Rime, 2010). Currency markets are lightly regulated, if at all, with low transparency, little monitoring, and no official reporting requirements. [Enter Figure 2: FX spot market turnover by counterparty type] Any microeconomic investigation of a market begins by identifying the key agents’ ...
... (King and Rime, 2010). Currency markets are lightly regulated, if at all, with low transparency, little monitoring, and no official reporting requirements. [Enter Figure 2: FX spot market turnover by counterparty type] Any microeconomic investigation of a market begins by identifying the key agents’ ...
Currency Unions, Product Introductions, and the Real Exchange Rate
... to price stickiness and NER movements. As a corollary, typical measures of the traded RER that are constructed using only price changes may differ significantly from the underlying object they are designed to capture. Given the importance of the good-level RER at the time of product introduction, we ...
... to price stickiness and NER movements. As a corollary, typical measures of the traded RER that are constructed using only price changes may differ significantly from the underlying object they are designed to capture. Given the importance of the good-level RER at the time of product introduction, we ...
Put-Call Parity, Transaction Costs and PHLX Currency
... arbitrage profit ($) for each LBC deviation, multiplied by the contract size. Similarly, mean profit ($) for all currencies is calculated as summation of total arbitrage profit ($) for each currency (British pound, Swiss franc and Euro) divided by total number of PCP deviations for all currencies. I ...
... arbitrage profit ($) for each LBC deviation, multiplied by the contract size. Similarly, mean profit ($) for all currencies is calculated as summation of total arbitrage profit ($) for each currency (British pound, Swiss franc and Euro) divided by total number of PCP deviations for all currencies. I ...
International Economics, 10e (Krugman/Obstfeld/Melitz) Chapter 21
... Other European countries: France, Italy and UK in recession, trying to match the high German interest rates to hold their currencies fixed against Germany's, thereby pushing their economies into deep recession. Other European countries tried to continue the fixed exchange rate in order not to lose t ...
... Other European countries: France, Italy and UK in recession, trying to match the high German interest rates to hold their currencies fixed against Germany's, thereby pushing their economies into deep recession. Other European countries tried to continue the fixed exchange rate in order not to lose t ...
3AECO – 6 Exchange rates - Economics Teachers` Association of
... goods & services to another country (exporters) make or receive payments, they do so through the global financial system where currencies are bought and sold (forex markets). • Investment flows into and out of a country create a need for currencies to be exchanged. Exchange rates can be flexible, ma ...
... goods & services to another country (exporters) make or receive payments, they do so through the global financial system where currencies are bought and sold (forex markets). • Investment flows into and out of a country create a need for currencies to be exchanged. Exchange rates can be flexible, ma ...
The Dynamic Adjustment of a Transition Economy in the Early
... characterized by flexible goods prices, together with sticky money wages and unemployment so an upward-sloping aggregate supply curve is maintained. Moreover, the model has an underdeveloped financial sector in which the central bank sets the short-term interest rate and there are few private capit ...
... characterized by flexible goods prices, together with sticky money wages and unemployment so an upward-sloping aggregate supply curve is maintained. Moreover, the model has an underdeveloped financial sector in which the central bank sets the short-term interest rate and there are few private capit ...
Monetary and Fiscal Operations in the People`s Republic of China
... however, is that the PRC’s central government spending is very small in comparison with both developed and upper-middle income developing nations. Indeed, if aggregate demand is currently at the correct level, it is possible to relax central government budgets while at the same time tightening local ...
... however, is that the PRC’s central government spending is very small in comparison with both developed and upper-middle income developing nations. Indeed, if aggregate demand is currently at the correct level, it is possible to relax central government budgets while at the same time tightening local ...
Exchange Rates, the Balance of Payments, and Trade
... C) a wealthy Mexican citizen builds a mansion in Beverly Hills D) Zaire pays interest on its debt to the United States ...
... C) a wealthy Mexican citizen builds a mansion in Beverly Hills D) Zaire pays interest on its debt to the United States ...
Working Paper 113 - Lessons from Italian Monetary Unification
... Agricultural land productivity was low in the South. This might be interpreted as a consequence of relative land abundance, were it not that apparent labour productivity was also low. Assuming a constant returns Cobb-Douglas production function with 0.25 weight on land and 0.75 weight on labour then ...
... Agricultural land productivity was low in the South. This might be interpreted as a consequence of relative land abundance, were it not that apparent labour productivity was also low. Assuming a constant returns Cobb-Douglas production function with 0.25 weight on land and 0.75 weight on labour then ...
Gold Standard - Pennsylvania State University
... • Under Dorothy’s influence they become kind, but cannot take her to Kansas – "We belong to this country alone, and cannot leave it" ...
... • Under Dorothy’s influence they become kind, but cannot take her to Kansas – "We belong to this country alone, and cannot leave it" ...
Which Anchor Will Hold?
... world currencies, for much the same reason that barter is inefficient; see also Mundell (1969) and McKinnon and Schnabl (2004). Rogoff (2001), however, argues that despite the transactions benefits of having a single world anchor currency, an equilibrium with two or three major currencies might sti ...
... world currencies, for much the same reason that barter is inefficient; see also Mundell (1969) and McKinnon and Schnabl (2004). Rogoff (2001), however, argues that despite the transactions benefits of having a single world anchor currency, an equilibrium with two or three major currencies might sti ...
Review Quiz Chapter 9
... Provide an example of the imports effect on the supply of U.S. dollars. The imports effect is the result that the larger the value of U.S. imports, the larger the quantity of dollars supplied for purchasing those imports from foreign firms. When the exchange rate for U.S. dollars rises foreign impor ...
... Provide an example of the imports effect on the supply of U.S. dollars. The imports effect is the result that the larger the value of U.S. imports, the larger the quantity of dollars supplied for purchasing those imports from foreign firms. When the exchange rate for U.S. dollars rises foreign impor ...
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.