2014-11 - University of Glasgow
... This paper demonstrates that all of the currency options available to an independent Scotland come with the price tag of an austerity programme. This is due to the need to accumulate foreign exchange ...
... This paper demonstrates that all of the currency options available to an independent Scotland come with the price tag of an austerity programme. This is due to the need to accumulate foreign exchange ...
If You`re So Smart: John Maynard Keynes and Currency Speculation
... taking substantial risks and withstanding prolonged periods of losses, a fact that might explain why their profits were not arbitraged away. Our second result is that in the 1920s and 1930s implementing a currency trading strategy based on the analysis of macroeconomic fundamentals was challenging ( ...
... taking substantial risks and withstanding prolonged periods of losses, a fact that might explain why their profits were not arbitraged away. Our second result is that in the 1920s and 1930s implementing a currency trading strategy based on the analysis of macroeconomic fundamentals was challenging ( ...
Downgrade risk of South Africa`s sovereign debt
... months (June and December), Moody’s provides ratings feedback on an ad-hoc basis to markets. Fitch downgraded SA’s local and foreign currency debt ...
... months (June and December), Moody’s provides ratings feedback on an ad-hoc basis to markets. Fitch downgraded SA’s local and foreign currency debt ...
12. Impact of Currency Devaluation on Economic Growth of Nigeria
... devalue the nation’s currency. According to Yioyio (2013), devaluation is a deliberate downward adjustment to the value of a country's currency, relative to another currency, group of currencies or standard. In otherwords, devaluation is a reduction in the value of a currency with respect to those g ...
... devalue the nation’s currency. According to Yioyio (2013), devaluation is a deliberate downward adjustment to the value of a country's currency, relative to another currency, group of currencies or standard. In otherwords, devaluation is a reduction in the value of a currency with respect to those g ...
Explaining the Differences between Local Currency versus FX
... and borrowers responded to the low FX rates elastically (Beer et al. 2010).2 Most papers in the related empirical literature examined FX lending in a reduced form framework, generally regressing FX and domestic loan volumes on the corresponding interest rates and a set of macro variables. However, s ...
... and borrowers responded to the low FX rates elastically (Beer et al. 2010).2 Most papers in the related empirical literature examined FX lending in a reduced form framework, generally regressing FX and domestic loan volumes on the corresponding interest rates and a set of macro variables. However, s ...
International Accounting Standard 29
... In a period of inflation, an entity holding an excess of monetary assets over monetary liabilities loses purchasing power and an entity with an excess of monetary liabilities over monetary assets gains purchasing power to the extent the assets and liabilities are not linked to a price level. This ga ...
... In a period of inflation, an entity holding an excess of monetary assets over monetary liabilities loses purchasing power and an entity with an excess of monetary liabilities over monetary assets gains purchasing power to the extent the assets and liabilities are not linked to a price level. This ga ...
United Parcel Service Financial Challenges in a Developed or
... of the swap. Typically the floating rate is a publicly available benchmark rate such as LIBOR, which is determined as the average of LIBOR posted on a publicly available financial news service by a number of reference banks. The identity of the banks providing the LIBOR used to compute the average i ...
... of the swap. Typically the floating rate is a publicly available benchmark rate such as LIBOR, which is determined as the average of LIBOR posted on a publicly available financial news service by a number of reference banks. The identity of the banks providing the LIBOR used to compute the average i ...
Substitution between domestic and foreign currency loans in Central
... that the increasing presence of foreign banks in the financial sector and the interest rate differential matter for the dollarization of loans to the private sector. They also point at the trade-off between inflation and real exchange rate variability as well as at the openness of an economy as factors ...
... that the increasing presence of foreign banks in the financial sector and the interest rate differential matter for the dollarization of loans to the private sector. They also point at the trade-off between inflation and real exchange rate variability as well as at the openness of an economy as factors ...
Currency Depreciation and J Curve Analysis
... According to the results of this study, there was a positive and significant relationship between trade balance and real exchange rate in the long run but no significant relationship in the short run. Therefore, a small country like Sri Lanka cannot respond to variability of foreign exchange rate in ...
... According to the results of this study, there was a positive and significant relationship between trade balance and real exchange rate in the long run but no significant relationship in the short run. Therefore, a small country like Sri Lanka cannot respond to variability of foreign exchange rate in ...
WP 80 de Paula et al Online
... Assuming perfect competition, assets with lower (higher) expected returns will be sold (purchased), until the equalization of yields occurs4. As liquidity is strongly valued in times of higher uncertainty, the liquidity attribute (“l”) is valued higher compared to the monetary returns (a + q - c) in ...
... Assuming perfect competition, assets with lower (higher) expected returns will be sold (purchased), until the equalization of yields occurs4. As liquidity is strongly valued in times of higher uncertainty, the liquidity attribute (“l”) is valued higher compared to the monetary returns (a + q - c) in ...
Market Update - Lazard Asset Management
... yen reaction function were evident recently. First, the global financial crisis was associated with a large real exchange rate appreciation of over 20%. Second, in May 2010, higher market distress about peripheral European sovereigns led to a large jump in the VIX, followed by a 10% yen appreciation ...
... yen reaction function were evident recently. First, the global financial crisis was associated with a large real exchange rate appreciation of over 20%. Second, in May 2010, higher market distress about peripheral European sovereigns led to a large jump in the VIX, followed by a 10% yen appreciation ...
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 www.iosrjournals.org
... to enjoy the benefits of a depreciated rupee during the payment lifecycle. In the short term, the depreciation of the rupee may mainly benefit those buyers who are already in the process of finalizing an existing transaction where they have still not converted their foreign exchange in to rupees to ...
... to enjoy the benefits of a depreciated rupee during the payment lifecycle. In the short term, the depreciation of the rupee may mainly benefit those buyers who are already in the process of finalizing an existing transaction where they have still not converted their foreign exchange in to rupees to ...
ToP of the BoPs
... The crux - the EM tremors are really signifying the demise of the credit bubble that began bursting in 2008. This is not the start of the EM crisis. It is the beginning to the end of a credit bubble collapse that began in 2008. We have witnessed unprecedented global fiscal and monetary stimulus (QE) ...
... The crux - the EM tremors are really signifying the demise of the credit bubble that began bursting in 2008. This is not the start of the EM crisis. It is the beginning to the end of a credit bubble collapse that began in 2008. We have witnessed unprecedented global fiscal and monetary stimulus (QE) ...
The Concepts, Consequences, and Determinants of Currency
... use of currency?” In addressing these questions, Strange classified international currencies into four categories: “master currencies,” “top currencies,” “negotiated currencies” and “neutral currencies,” highlighting how both economic and political factors shape currencies’ international uses. A ma ...
... use of currency?” In addressing these questions, Strange classified international currencies into four categories: “master currencies,” “top currencies,” “negotiated currencies” and “neutral currencies,” highlighting how both economic and political factors shape currencies’ international uses. A ma ...
Monetary Unions, External Shocks and Economic Performance
... having, to their own inconvenience and that of their neighbours, a currency of their own.” (1894, p. 176). ...
... having, to their own inconvenience and that of their neighbours, a currency of their own.” (1894, p. 176). ...
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.