Implications of Chinese Yuan on China`s competitiveness
... Ironically, an appreciating currency, albeit a managed one, bodes well for China’s economy now as it is engineering a shift away from being led by exports to being driven by domestic consumption. A strong Renminbi will encourage more import consumption, something that the government would like to se ...
... Ironically, an appreciating currency, albeit a managed one, bodes well for China’s economy now as it is engineering a shift away from being led by exports to being driven by domestic consumption. A strong Renminbi will encourage more import consumption, something that the government would like to se ...
Should Switzerland Adopt the Euro
... There exist different ways to deal with the safe haven issue. Among those that have been tried are the adoption of an exchange rate floor and the adoption of negative interest rates on deposits with the central bank. These measures do not seem to have stemmed the appreciation of the Swiss franc. As ...
... There exist different ways to deal with the safe haven issue. Among those that have been tried are the adoption of an exchange rate floor and the adoption of negative interest rates on deposits with the central bank. These measures do not seem to have stemmed the appreciation of the Swiss franc. As ...
AbootalebiShahrooz1979
... The problem of accounting in a multinational enterprise operating through its parent company in one country, and its branches and subsidiaries in other countries, is created by the employment of different monetary units in different countries. ...
... The problem of accounting in a multinational enterprise operating through its parent company in one country, and its branches and subsidiaries in other countries, is created by the employment of different monetary units in different countries. ...
East African Community: Pre-conditions for an Effective Monetary
... unions, as argued by Honohan and Lane (2000). To this should be added that financial integration (discussed below) might improve monetary transmission mechanisms, which seem to be weak in most EAC countries. Thus Debrun et al. (2011) might underestimate the benefits due to improved monetary stabilit ...
... unions, as argued by Honohan and Lane (2000). To this should be added that financial integration (discussed below) might improve monetary transmission mechanisms, which seem to be weak in most EAC countries. Thus Debrun et al. (2011) might underestimate the benefits due to improved monetary stabilit ...
NBER WORKING PAPER SERIES MONETARY AND FISCAL POLICY UNDER PERFECT FORESIGHT:
... policies in a two country macro model of two symmetric economies. The assumption of symmetry is not unreasonable as a first approximation, since there is no a priori reason for say the United States and Europe to differ in terms of their aggregate behavior in any systematic way. Further, this assump ...
... policies in a two country macro model of two symmetric economies. The assumption of symmetry is not unreasonable as a first approximation, since there is no a priori reason for say the United States and Europe to differ in terms of their aggregate behavior in any systematic way. Further, this assump ...
Exchange Rate Reform in South Sudan
... just any price. From a macroeconomic perspective, it is one of the most important prices in the economy – perhaps the most important for an open economy involved in trade and investment flows with the rest of the world. It influences the flow of goods, services, and capital in a country, and exerts ...
... just any price. From a macroeconomic perspective, it is one of the most important prices in the economy – perhaps the most important for an open economy involved in trade and investment flows with the rest of the world. It influences the flow of goods, services, and capital in a country, and exerts ...
exchange rate regimes for developing and emerging markets
... The bulk of the trade of the country adopting the peg takes place with the country or countries to whose currencies it plans to peg. Preferences about inflation of the pegging country must be broadly similar to those of the country to which it plans to peg. Flexible labour markets are crucial. ...
... The bulk of the trade of the country adopting the peg takes place with the country or countries to whose currencies it plans to peg. Preferences about inflation of the pegging country must be broadly similar to those of the country to which it plans to peg. Flexible labour markets are crucial. ...
International Economics, 10e (Krugman/Obstfeld/Melitz) Chapter 17
... A) the price of similar goods in the same market. B) the price of the domestic basket in terms of the foreign one. C) the price of a domestic basket. D) the price of the foreign basket in terms of the domestic basket. E) the price of different goods baskets in the same market. Answer: D Page Ref: 45 ...
... A) the price of similar goods in the same market. B) the price of the domestic basket in terms of the foreign one. C) the price of a domestic basket. D) the price of the foreign basket in terms of the domestic basket. E) the price of different goods baskets in the same market. Answer: D Page Ref: 45 ...
Advanced Accounting Project Group #3
... Costco’s primary growth strategy is to expand its business by building or leasing new warehouses. Costco has not acquired any new businesses since 2012. 7.Summarize the company’s hedging strategy(s) if any. There could be several strategies. Costco Wholesale is exposed to different risks based on it ...
... Costco’s primary growth strategy is to expand its business by building or leasing new warehouses. Costco has not acquired any new businesses since 2012. 7.Summarize the company’s hedging strategy(s) if any. There could be several strategies. Costco Wholesale is exposed to different risks based on it ...
The Usefulness of factor models in forecasting the exchange
... More favorable results are found when we perform the analysis in different periods. When data from the first two years following the adoption of the floating exchange rate regime is removed from the sample there is strong evidence that models that include the factors and macroeconomic variables outp ...
... More favorable results are found when we perform the analysis in different periods. When data from the first two years following the adoption of the floating exchange rate regime is removed from the sample there is strong evidence that models that include the factors and macroeconomic variables outp ...
1 Financial Instability, Reserves, and Central Bank Swap Lines in
... Figure 2a addresses the first of these questions with a simple scatter of percentage depreciation of the currency against the U.S. dollar in the year 2008 [up to 12/15 at time of writing] versus the country’s reserves/M2 ratio at the end of 2007. The sample is restricted to just the emerging countr ...
... Figure 2a addresses the first of these questions with a simple scatter of percentage depreciation of the currency against the U.S. dollar in the year 2008 [up to 12/15 at time of writing] versus the country’s reserves/M2 ratio at the end of 2007. The sample is restricted to just the emerging countr ...
foreign exchange rate regimes and foreign exchange markets in
... currency, without the possibility of devaluation or revaluation. The central bank surrenders almost all its instruments of control with an exception of non-sterilized foreign exchange intervention. The theoretical basis of the currency board regime comes from the monetarist approach to the balance o ...
... currency, without the possibility of devaluation or revaluation. The central bank surrenders almost all its instruments of control with an exception of non-sterilized foreign exchange intervention. The theoretical basis of the currency board regime comes from the monetarist approach to the balance o ...
international financial crises
... We have to dig a little bit deeper and we have to remember it wasn’t just George Soros, it was the Vatican, and probably Muenchner Rueck also. Where would we look for the difference? The side issues of excess capacity in the world economy, low commodity prices – all of that is not going to give us ...
... We have to dig a little bit deeper and we have to remember it wasn’t just George Soros, it was the Vatican, and probably Muenchner Rueck also. Where would we look for the difference? The side issues of excess capacity in the world economy, low commodity prices – all of that is not going to give us ...
Comparative Study: Factors that Affect Foreign Currency Reserves
... economies, whose debt is mostly denominated in forthe Asian emerging countries comprise approximateeign currencies and would be greatly affect by devally 40% of all world foreign currency holdings uation. Devaluation would also affect the cost of (Aizenman, 2003). The amount of reserves being inflat ...
... economies, whose debt is mostly denominated in forthe Asian emerging countries comprise approximateeign currencies and would be greatly affect by devally 40% of all world foreign currency holdings uation. Devaluation would also affect the cost of (Aizenman, 2003). The amount of reserves being inflat ...
devaluation and its impact on ethiopian economy
... and auction exchange rate regime. (Aron and Elbadawi, 1994 ) ...
... and auction exchange rate regime. (Aron and Elbadawi, 1994 ) ...
MACROECONOMIC POLiCiES AND EXCHANGE RATES
... unused resources and that the interest-rate effects of the policy shift do not fully crowd out other expenditures). The magnitude of the effect on interest rates will depend on both the size of the spending multiplier and the income and interest elasticities of money demand and supply. The interest- ...
... unused resources and that the interest-rate effects of the policy shift do not fully crowd out other expenditures). The magnitude of the effect on interest rates will depend on both the size of the spending multiplier and the income and interest elasticities of money demand and supply. The interest- ...
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.