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... account for adjustments in exchange rates. First, the timber supply model assumes a single world demand for timber logs with unitary demand elasticity at initial consumption and prices. This abstracts from a number of the demand-side effects that would occur with changes in exchange rates. For examp ...
... account for adjustments in exchange rates. First, the timber supply model assumes a single world demand for timber logs with unitary demand elasticity at initial consumption and prices. This abstracts from a number of the demand-side effects that would occur with changes in exchange rates. For examp ...
Does the Canadian economy suffer from Dutch Disease?
... of policy makers to express big concerns about the seriousness of such a phenomenon in Canada. To what extent can we ascribe the decrease in manufacturing employment to the rise in oil prices? A first and important step is to test whether the evolution of the Canadian currency has been driven by th ...
... of policy makers to express big concerns about the seriousness of such a phenomenon in Canada. To what extent can we ascribe the decrease in manufacturing employment to the rise in oil prices? A first and important step is to test whether the evolution of the Canadian currency has been driven by th ...
Success or Failure? Current Account Problems in the Baltic States
... uncontrollable by policy makers. Control can be lost over inflation, current account deficit, public debt, crediting, money supply and monetary processes. To implement the paradigm of populism to the case of Baltic states, the passive kind of macroeconomic populism model can be implemented. As Darva ...
... uncontrollable by policy makers. Control can be lost over inflation, current account deficit, public debt, crediting, money supply and monetary processes. To implement the paradigm of populism to the case of Baltic states, the passive kind of macroeconomic populism model can be implemented. As Darva ...
Japanese yen and East-Asian currencies: before and after the Asian
... policy of East Asian countries inevitably led to their loss of competitiveness in international markets. Against this background, the crisis affected East Asian countries, except Malaysia, shifted to a free-floating exchange rate system after the 1997 crisis. Therefore, the exchange rates of their ...
... policy of East Asian countries inevitably led to their loss of competitiveness in international markets. Against this background, the crisis affected East Asian countries, except Malaysia, shifted to a free-floating exchange rate system after the 1997 crisis. Therefore, the exchange rates of their ...
Antonio J. ALVES, Jr. - Instituto de Economia
... failure of conventional theory in providing consistent answers for the East Asian crisis, Krugman (1998) develops a new approach on currency crisis in order to explain this specific crisis, based on the moral hazard/asset bubble view. As stated by Krugman (Ibid.:6), conventional theory presumes that ...
... failure of conventional theory in providing consistent answers for the East Asian crisis, Krugman (1998) develops a new approach on currency crisis in order to explain this specific crisis, based on the moral hazard/asset bubble view. As stated by Krugman (Ibid.:6), conventional theory presumes that ...
Currency crises, speculative attacks and financial
... Currency crisis and speculative attack are used almost as synonymous, but in reality a speculative attack on government’s reserves may or may not result in a currency crisis. It depends on the ability or the will of the government to defend the domestic currency. In this context, a currency crisis h ...
... Currency crisis and speculative attack are used almost as synonymous, but in reality a speculative attack on government’s reserves may or may not result in a currency crisis. It depends on the ability or the will of the government to defend the domestic currency. In this context, a currency crisis h ...
Economic Restructuring and the European Monetary Union
... Plan, and the creation of a program to rebuild the crumbled French economy after the war and to modernize the industry, what (since it involved a high degree of government intervention) was called indicativeplanning. ...
... Plan, and the creation of a program to rebuild the crumbled French economy after the war and to modernize the industry, what (since it involved a high degree of government intervention) was called indicativeplanning. ...
Monetary movements in the U.K. balance of payments
... 3 The United Kin�dom:s short-term assets are exceeded by Its short-term liabilities: the ratio of short-term assets to �hort-term liabilities is improved if both rise equally, and IS made worse if both fall. In its international 'balance sheet'. however, the United Kingdom has external assets (short ...
... 3 The United Kin�dom:s short-term assets are exceeded by Its short-term liabilities: the ratio of short-term assets to �hort-term liabilities is improved if both rise equally, and IS made worse if both fall. In its international 'balance sheet'. however, the United Kingdom has external assets (short ...
A Primer on the Euro Breakup
... > The breakup of the euro would be an historic event, but it would not be the first currency breakup ever – Within the past 100 years, there have been sixty-nine currency breakups. Almost all of the exits from a currency union have been associated with low macroeconomic volatility. Previous examples ...
... > The breakup of the euro would be an historic event, but it would not be the first currency breakup ever – Within the past 100 years, there have been sixty-nine currency breakups. Almost all of the exits from a currency union have been associated with low macroeconomic volatility. Previous examples ...
GLOBAL MARKETING MANAGEMENT by MASAAKI KOTABE
... The IMF oversees the international monetary system and its functions are as follows: – To promote international monetary cooperation – To facilitate the expansion and balanced growth of international trade – To promote exchange stability and to maintain orderly exchange arrangements – To assist in t ...
... The IMF oversees the international monetary system and its functions are as follows: – To promote international monetary cooperation – To facilitate the expansion and balanced growth of international trade – To promote exchange stability and to maintain orderly exchange arrangements – To assist in t ...
Is WAMZ an Optimum Currency Area (OCA)?
... under which two or more countries can share the same currency without an adverse effect. This assertion is grounded with the assumption that nominal exchange rates are very effective; otherwise it is meaningless for a country to abandon its own currency. The exchange rate can serve as a major macroe ...
... under which two or more countries can share the same currency without an adverse effect. This assertion is grounded with the assumption that nominal exchange rates are very effective; otherwise it is meaningless for a country to abandon its own currency. The exchange rate can serve as a major macroe ...
A theory of the currency denomination of international trade
... Received 7 November 2002; received in revised form 1 October 2003; accepted 2 January 2004 ...
... Received 7 November 2002; received in revised form 1 October 2003; accepted 2 January 2004 ...
An Institutional Framework for Comparing Emerging Market
... countries by means of an index of precommitment. The index is derived from an analysis of the legislative framework and monetary policy operations in these CBAs. It arranges features associated with credibility under seven headings: (i) clarity of legal basis, (ii) quality of reserve coverage, (iii) ...
... countries by means of an index of precommitment. The index is derived from an analysis of the legislative framework and monetary policy operations in these CBAs. It arranges features associated with credibility under seven headings: (i) clarity of legal basis, (ii) quality of reserve coverage, (iii) ...
Chapter 19
... (a stock) were required to be less than 60 percent of GDP © Kenneth A. Reinert, Cambridge University Press 2012 ...
... (a stock) were required to be less than 60 percent of GDP © Kenneth A. Reinert, Cambridge University Press 2012 ...
Knowledge Management in Finance
... Asset bubbles are difficult since it makes economic sense to buy in a bubble and sell later. However knowledge about bubbles are developed but largely ignored. In this area it is matter of implementation. The main issue is that the will is missing. 2.3.3 Currency crisis, balance of payment crisis an ...
... Asset bubbles are difficult since it makes economic sense to buy in a bubble and sell later. However knowledge about bubbles are developed but largely ignored. In this area it is matter of implementation. The main issue is that the will is missing. 2.3.3 Currency crisis, balance of payment crisis an ...
OCA criteria - Erasmus University Thesis Repository
... The countries will not have the possibility to adjust its monetary policy to adjust for devaluations and revaluation anymore. Instead, there is a central bank that manages the monetary policy. For the EMU it is controlled by the ECB. This could be a problem when a country wants to adjust their mone ...
... The countries will not have the possibility to adjust its monetary policy to adjust for devaluations and revaluation anymore. Instead, there is a central bank that manages the monetary policy. For the EMU it is controlled by the ECB. This could be a problem when a country wants to adjust their mone ...
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.