Australian Dollar Outlook
... Trump, the Fed and the US Dollar The election of Donald Trump to the US presidency saw a significant reaction in financial markets. Rhetoric from Trump has hinted at reducing company regulation, cutting taxes and ramping up infrastructure spending. Such policies would act to boost GDP growth, at lea ...
... Trump, the Fed and the US Dollar The election of Donald Trump to the US presidency saw a significant reaction in financial markets. Rhetoric from Trump has hinted at reducing company regulation, cutting taxes and ramping up infrastructure spending. Such policies would act to boost GDP growth, at lea ...
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... virtuous in the sense that they have large savings surpluses over investment (i.e. current account surpluses) get inflicted by trade and exchange rate conflicts. The natural currency habitat of domestic nationals – households, enterprises and financial institutions – is in their national currency. B ...
... virtuous in the sense that they have large savings surpluses over investment (i.e. current account surpluses) get inflicted by trade and exchange rate conflicts. The natural currency habitat of domestic nationals – households, enterprises and financial institutions – is in their national currency. B ...
Monetary Policy after the Crisis - Ten Lessons from a Fixed
... Nationalbank unilaterally raised its monetary-policy interest rates, whereby the spread to the euro area widened. With effect from 8 October 2008, the lending rate was raised by 0.4 percentage point, thereby increasing the spread between the monetary-policy interest rates in Denmark and the euro are ...
... Nationalbank unilaterally raised its monetary-policy interest rates, whereby the spread to the euro area widened. With effect from 8 October 2008, the lending rate was raised by 0.4 percentage point, thereby increasing the spread between the monetary-policy interest rates in Denmark and the euro are ...
I Inflation, Asset Markets, and Economic Stabilization:
... and act promptly to forestall increases. By so doing, they can avoid the need for more aggressive action later and spare the economy the severe fluctuations suffered in the past. Even those who might otherwise have tolerated somewhat higher rates of inflation or been tempted to exploit a possible sh ...
... and act promptly to forestall increases. By so doing, they can avoid the need for more aggressive action later and spare the economy the severe fluctuations suffered in the past. Even those who might otherwise have tolerated somewhat higher rates of inflation or been tempted to exploit a possible sh ...
IMF Bentham – value trap or opportunity? 04
... the loss of a small case in the USA. And finally, the Full Court of Australia ruled in favour of ANZ in IMF’s class action against the banks to recover credit card fees. While IMF will pursue the matter to the High Court of Australia for final resolution, the high-profile case did certain harm to th ...
... the loss of a small case in the USA. And finally, the Full Court of Australia ruled in favour of ANZ in IMF’s class action against the banks to recover credit card fees. While IMF will pursue the matter to the High Court of Australia for final resolution, the high-profile case did certain harm to th ...
Implications of the Dollar as the World Reserve Currency
... The rise of the dollar and its status of the leading international reserve currency was sealed within the Bretton Woods arrangements which were established in the aftermath of World War II. At the beginning of the 20th century the British sterling was by far the most important international currency ...
... The rise of the dollar and its status of the leading international reserve currency was sealed within the Bretton Woods arrangements which were established in the aftermath of World War II. At the beginning of the 20th century the British sterling was by far the most important international currency ...
chinese mercantilism: currency wars and how the east was
... countries follow from the analysis of the crisis. First, countries are unlikely to create the climate for a future currency war. Therefore, less fixed or more floating exchange rates will be the norm; the latest conversion of Brazil to this new reality is a confirmation of this trend. This also impl ...
... countries follow from the analysis of the crisis. First, countries are unlikely to create the climate for a future currency war. Therefore, less fixed or more floating exchange rates will be the norm; the latest conversion of Brazil to this new reality is a confirmation of this trend. This also impl ...
Carry Trade and Financial Crisis
... Yen-dominated fund, there is a broad range of financial product that can be invested. Besides simply exchanging it into other high yield currencies like Australian or New Zealand dollar, they could also invest in real estates, bonds, stock or commodities which were dominated in a strong currency. In ...
... Yen-dominated fund, there is a broad range of financial product that can be invested. Besides simply exchanging it into other high yield currencies like Australian or New Zealand dollar, they could also invest in real estates, bonds, stock or commodities which were dominated in a strong currency. In ...
a counterfactual analysis
... rapidly interrupted towards the end of 2008, and GDP even fell in 2009, before recovering sluggishly in 2010-2011 and then slightly falling again in 2012. As a small open economy, heavily dependent on trade and financial links with other countries, it is commonly thought that the trade channel was t ...
... rapidly interrupted towards the end of 2008, and GDP even fell in 2009, before recovering sluggishly in 2010-2011 and then slightly falling again in 2012. As a small open economy, heavily dependent on trade and financial links with other countries, it is commonly thought that the trade channel was t ...
report - Financial Policy Forum
... significantly different from that which struck in the 1980s. While both crisis periods involved some degree of over-lending, unproductive investing and corruption, there are two key differences between the two crises that provide the more important policy lessons. The first is the different forms of ...
... significantly different from that which struck in the 1980s. While both crisis periods involved some degree of over-lending, unproductive investing and corruption, there are two key differences between the two crises that provide the more important policy lessons. The first is the different forms of ...
The Multilateral Response to the Global Crisis - Inter
... same sample of countries, the speed with which central banks react to shocks (which is inversely related to measures of commitment to a given monetary policy stance) decreased significantly in most of the countries that recently adopted an inflation targeting regime. The greater policy flexibility a ...
... same sample of countries, the speed with which central banks react to shocks (which is inversely related to measures of commitment to a given monetary policy stance) decreased significantly in most of the countries that recently adopted an inflation targeting regime. The greater policy flexibility a ...
(not so) great depression of the 21st century and its impacts on brazil
... whether the crisis was created by a lack of regulation, excessive regulation, or simply the failure to establish adequate public policies in a frustrated attempt to provide houses for those who could not afford them. But most scholars and authorities would agree that the crisis is probably rooted in ...
... whether the crisis was created by a lack of regulation, excessive regulation, or simply the failure to establish adequate public policies in a frustrated attempt to provide houses for those who could not afford them. But most scholars and authorities would agree that the crisis is probably rooted in ...
3 – The East Asian Crisis - Utrecht University Repository
... austerity by demanding governments to cut in their budgets and raise interest rates, thus deepening the recession by trying to restore confidence in the currency, could actually have attributed to the spread of the crisis. Austerity drives down imports, creating a more balanced trade balance, but al ...
... austerity by demanding governments to cut in their budgets and raise interest rates, thus deepening the recession by trying to restore confidence in the currency, could actually have attributed to the spread of the crisis. Austerity drives down imports, creating a more balanced trade balance, but al ...
Economic and Strategy Viewpoint - January 2016
... investors piled in, with the index 60% higher by June than at the start of the year. However, there had been signs of trouble on the way up, with the regulator clamping down on margin financing and other practices only to back off as it sparked a selloff. It was one such intervention which finally p ...
... investors piled in, with the index 60% higher by June than at the start of the year. However, there had been signs of trouble on the way up, with the regulator clamping down on margin financing and other practices only to back off as it sparked a selloff. It was one such intervention which finally p ...
ECONOMIC GROWTH AND SOCIAL WELFARE:
... spending had begun to show its multiplier effect, resulting in the proportion of the poor falling to 14.2 per cent in 2000. It is useful to discuss the distribution of income in the country as well when the issues of poverty is considered. Income inequality can be considered as relative poverty. It ...
... spending had begun to show its multiplier effect, resulting in the proportion of the poor falling to 14.2 per cent in 2000. It is useful to discuss the distribution of income in the country as well when the issues of poverty is considered. Income inequality can be considered as relative poverty. It ...
International Business Chapter 10 The Determination of Exchange
... 54) Tanya is a manager at a global firm that has operations located in Brazil, India, and Japan. Tanya is in the process of making a fundamental analysis in order to forecast exchange rates in each country. Which of the following is a confidence factor that Tanya should consider in trying to predict ...
... 54) Tanya is a manager at a global firm that has operations located in Brazil, India, and Japan. Tanya is in the process of making a fundamental analysis in order to forecast exchange rates in each country. Which of the following is a confidence factor that Tanya should consider in trying to predict ...
Business Review Jan-June 2010
... IMF for financial assistance. It is only when an economy is in a crisis situation or likely to hit a crisis in near term, the authorities invite the IMF to engage in negotiations for a possible financial package that can be quickly disbursed over a given period of time to overcome or avert the crisi ...
... IMF for financial assistance. It is only when an economy is in a crisis situation or likely to hit a crisis in near term, the authorities invite the IMF to engage in negotiations for a possible financial package that can be quickly disbursed over a given period of time to overcome or avert the crisi ...
Economic and Strategy Viewpoint
... Has the dollar become a major drag on the US? Looking at the current account deficit the answer would be no: the deficit remains around 1.5% of GDP and has been relatively stable since 2014. If we strip out oil and only look at trade, the deficit is larger at 2.8% of GDP, but again has been relative ...
... Has the dollar become a major drag on the US? Looking at the current account deficit the answer would be no: the deficit remains around 1.5% of GDP and has been relatively stable since 2014. If we strip out oil and only look at trade, the deficit is larger at 2.8% of GDP, but again has been relative ...
Still the Lingua Franca: The Exaggerated Death of the Dollar
... markets, and historical inertia -- support the dollar. The fourth determinant could in principle disqualify the dollar, if the Federal Reserve launched a high-inflation strategy, but this is unlikely to happen. There is a nice analogy with the international use of the English language. Nobody would ...
... markets, and historical inertia -- support the dollar. The fourth determinant could in principle disqualify the dollar, if the Federal Reserve launched a high-inflation strategy, but this is unlikely to happen. There is a nice analogy with the international use of the English language. Nobody would ...
Central Bank Currency Swaps and the International Monetary System
... their jurisdictions. Since the end of 2007, these swaps have emerged as a de facto key feature of the international monetary system (IMS), with the US Federal Reserve (FED) having extensive recourse to them during the financial crisis, and their exploitation by the People’s Bank of China (PBOC) to h ...
... their jurisdictions. Since the end of 2007, these swaps have emerged as a de facto key feature of the international monetary system (IMS), with the US Federal Reserve (FED) having extensive recourse to them during the financial crisis, and their exploitation by the People’s Bank of China (PBOC) to h ...
Consultation Paper: Public Sector Specific Financial
... In our view, if the issuance of currency results in the recognition of revenue because it does not meet the definition of a liability, the revenue should be recognised in the statement of financial performance. This is because such a transaction would reflect the operations and activities of the mon ...
... In our view, if the issuance of currency results in the recognition of revenue because it does not meet the definition of a liability, the revenue should be recognised in the statement of financial performance. This is because such a transaction would reflect the operations and activities of the mon ...
The Rand Crises of 1998 and 2001
... stand future shocks by building up foreign exchange reserves. However, once the rand came under significant pressure in late 2001, some analysts regarded the policy of drawing down the NOFP as inappropriate in these circumstances, given that it would contribute to the excess demand for foreign curre ...
... stand future shocks by building up foreign exchange reserves. However, once the rand came under significant pressure in late 2001, some analysts regarded the policy of drawing down the NOFP as inappropriate in these circumstances, given that it would contribute to the excess demand for foreign curre ...
Why Does the Economy Fall to Pieces after a Financial Crisis?
... Source: St. Louis Federal Reserve Bank FRED database (Federal Reserve Economic Data). ...
... Source: St. Louis Federal Reserve Bank FRED database (Federal Reserve Economic Data). ...
Why Does the Economy Fall to Pieces after a Financial Crisis?
... Source: St. Louis Federal Reserve Bank FRED database (Federal Reserve Economic Data). ...
... Source: St. Louis Federal Reserve Bank FRED database (Federal Reserve Economic Data). ...
The usage of surveys to overrun data gaps: Bank Indonesia`s
... The global crisis has caused atrophy of world economic growth. Data from the World Economic Outlook (WEO) showed that in 2007 the world economy still grew 5.2%. However in 2008 growth in the world economy decelerated to 3.0% and contracted to –0.6% in 2009. The contraction has been experienced in ma ...
... The global crisis has caused atrophy of world economic growth. Data from the World Economic Outlook (WEO) showed that in 2007 the world economy still grew 5.2%. However in 2008 growth in the world economy decelerated to 3.0% and contracted to –0.6% in 2009. The contraction has been experienced in ma ...
1997 Asian financial crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion.The crisis started in Thailand (well known in Thailand as the Tom Yum Goong crisis; Thai: วิกฤตต้มยำกุ้ง) with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its fixed exchange rate, cutting its peg to the U.S. dollar, after exhaustive efforts to support it in the face of a severe financial over-extension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.Indonesia, South Korea and Thailand were the countries most affected by the crisis. Hong Kong, Laos, Malaysia and the Philippines were also hurt by the slump. Brunei, China, Singapore, Taiwan and Vietnam were less affected, although all suffered from a loss of demand and confidence throughout the region.Foreign debt-to-GDP ratios rose from 100% to 167% in the four large Association of Southeast Asian Nations (ASEAN) economies in 1993–96, then shot up beyond 180% during the worst of the crisis. In South Korea, the ratios rose from 13 to 21% and then as high as 40%, while the other northern newly industrialized countries fared much better. Only in Thailand and South Korea did debt service-to-exports ratios rise.Although most of the governments of Asia had seemingly sound fiscal policies, the International Monetary Fund (IMF) stepped in to initiate a $40 billion program to stabilize the currencies of South Korea, Thailand, and Indonesia, economies particularly hard hit by the crisis. The efforts to stem a global economic crisis did little to stabilize the domestic situation in Indonesia, however. After 30 years in power, President Suharto was forced to step down on 21 May 1998 in the wake of widespread rioting that followed sharp price increases caused by a drastic devaluation of the rupiah. The effects of the crisis lingered through 1998. In 1998 the Philippines growth dropped to virtually zero. Only Singapore and Taiwan proved relatively insulated from the shock, but both suffered serious hits in passing, the former more so due to its size and geographical location between Malaysia and Indonesia. By 1999, however, analysts saw signs that the economies of Asia were beginning to recover. After the 1997 Asian Financial Crisis, economies in the region are working toward financial stability on financial supervision.Until 1999, Asia attracted almost half of the total capital inflow into developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. As a result, the region's economies received a large inflow of money and experienced a dramatic run-up in asset prices. At the same time, the regional economies of Thailand, Malaysia, Indonesia, Singapore, and South Korea experienced high growth rates, 8–12% GDP, in the late 1980s and early 1993. This achievement was widely acclaimed by financial institutions including IMF and World Bank, and was known as part of the ""Asian economic miracle"".