Regulation Setting, Calculating and Maintaining Overall Open
... d) Currency Swap - two foreign exchange deals between two participants, made in the same currency and at one and the same time (during the course of one business day), but with different delivery dates and different exchange trade rates; e) Currency Option - the right to trade foreign currency, gran ...
... d) Currency Swap - two foreign exchange deals between two participants, made in the same currency and at one and the same time (during the course of one business day), but with different delivery dates and different exchange trade rates; e) Currency Option - the right to trade foreign currency, gran ...
Economics: Principles and Practices
... privately owned, publicly controlled, central bank of the United States ...
... privately owned, publicly controlled, central bank of the United States ...
Choices to Address Foreign Currency Exposure
... Foreign currency exposure is a by-product of international investing. When obtaining exposure to global assets, investors also obtain the embedded foreign currency exposure. The sharp increase in the value of the US dollar since mid-2014 has caused a big divergence in the performance of US equities ...
... Foreign currency exposure is a by-product of international investing. When obtaining exposure to global assets, investors also obtain the embedded foreign currency exposure. The sharp increase in the value of the US dollar since mid-2014 has caused a big divergence in the performance of US equities ...
The Argentine Monetary and Financial Policies and the Crisis
... implemented via several instruments such as Central Bank´s bills and notes, open market transactions with government securities, repo transactions and rediscount cancellations (20052009). Why are monetary aggregates used as monetary policy intermediate targets instead of simply signaling the monetar ...
... implemented via several instruments such as Central Bank´s bills and notes, open market transactions with government securities, repo transactions and rediscount cancellations (20052009). Why are monetary aggregates used as monetary policy intermediate targets instead of simply signaling the monetar ...
Horizons US Dollar Currency ETF (DLR/DLR.U)
... In the past, enterprising Canadian investors have tried to take advantage of what are perceived to be attractive currency exchange rates, buying Canadian listed stocks in Canadian dollars and selling the same stock listed in U.S. dollars to take advantage of a lower currency conversion fee. With DLR ...
... In the past, enterprising Canadian investors have tried to take advantage of what are perceived to be attractive currency exchange rates, buying Canadian listed stocks in Canadian dollars and selling the same stock listed in U.S. dollars to take advantage of a lower currency conversion fee. With DLR ...
Weak dollar, strong euro? - Centre for European Reform
... consolidation should take place in European representation in the IMF and the other multilateral financial institutions. This paper will attempt to analyse the implications of EMU for the world economy. Section II provides a brief discussion of the state of the international debate of these issues. S ...
... consolidation should take place in European representation in the IMF and the other multilateral financial institutions. This paper will attempt to analyse the implications of EMU for the world economy. Section II provides a brief discussion of the state of the international debate of these issues. S ...
“Treasury Secretary Effect” in Yen/Yuan
... Japan in the 1980s and contemporary China are generally regarded as a rising economic power threatening the role of the hegemon, which basically follow similar patterns of behaviors. According to the neorealist hegemony theory, as a result, the United States should employ all its resources to contai ...
... Japan in the 1980s and contemporary China are generally regarded as a rising economic power threatening the role of the hegemon, which basically follow similar patterns of behaviors. According to the neorealist hegemony theory, as a result, the United States should employ all its resources to contai ...
20081220101343192
... Investment Funds There is a distinction between ESA funds, money & investment funds. ESA funds are the funds that are the subject of ESA accounts and are closely connected to money. Recall that ESA are part of monetary base but not part of M3 or Broad Money. Money here refers to M3 or Broad Money. M ...
... Investment Funds There is a distinction between ESA funds, money & investment funds. ESA funds are the funds that are the subject of ESA accounts and are closely connected to money. Recall that ESA are part of monetary base but not part of M3 or Broad Money. Money here refers to M3 or Broad Money. M ...
Currency Boards
... is to buy and sell their own securities. The second option is to use secured lending which are short-term credit facilities offered against collateral. Both of these options can provide commercial banks access to temporary liquidity when it is needed. Most currency boards hold reserves in excess of ...
... is to buy and sell their own securities. The second option is to use secured lending which are short-term credit facilities offered against collateral. Both of these options can provide commercial banks access to temporary liquidity when it is needed. Most currency boards hold reserves in excess of ...
Peering Through Monetary Mist: Macroeconomic Effects of
... The deviation of interest differential between domestic and foreign bond becomes narrower Because of the higher expected inflation in domestic economy as a result of greater monetary-induce exchange rate depreciation in the case where home agents can easily switch ...
... The deviation of interest differential between domestic and foreign bond becomes narrower Because of the higher expected inflation in domestic economy as a result of greater monetary-induce exchange rate depreciation in the case where home agents can easily switch ...
PDF
... rate volatility causes revenue uncertainty that will dampen trade due to risk aversion, irreversible investment in productive capital, or both (Demers, ...
... rate volatility causes revenue uncertainty that will dampen trade due to risk aversion, irreversible investment in productive capital, or both (Demers, ...
short selling regulations
... 20 consecutive trading days commencing from the second day of their listing on the Exchange and an aggregate turnover of not less than HK$500 million during such period; and ...
... 20 consecutive trading days commencing from the second day of their listing on the Exchange and an aggregate turnover of not less than HK$500 million during such period; and ...
relative purchasing power parity and the european monetary union
... PPP is the simple idea that arbitrage enforces national price levels to be equal after converted to the same currency (Rogoff, 1996). Rogoff (1996) writes that most economists believe that PPP is a long term anchor for real exchange rates; however, few take PPP seriously as a short term proposition. ...
... PPP is the simple idea that arbitrage enforces national price levels to be equal after converted to the same currency (Rogoff, 1996). Rogoff (1996) writes that most economists believe that PPP is a long term anchor for real exchange rates; however, few take PPP seriously as a short term proposition. ...
Special Drawing Rights: An Explanation of Their Current Role and Future Function
... the pound sterling. The U.S. dollar was pegged to gold until 1971, when 42 USD could be converted into an ounce of gold. The U.S. treasury was not able to meet this conversion obligations and therefore un-pegged their currency from gold. Since then their currency, as with most global currency, has b ...
... the pound sterling. The U.S. dollar was pegged to gold until 1971, when 42 USD could be converted into an ounce of gold. The U.S. treasury was not able to meet this conversion obligations and therefore un-pegged their currency from gold. Since then their currency, as with most global currency, has b ...
The role of monetary policy
... The general consensus today is that the most effective way to ensure the credibility of monetary policy is to give the central bank a clear mandate with price stability as the overriding goal. This does not imply, however, that other goals, such as high employment, strong output growth, and economic ...
... The general consensus today is that the most effective way to ensure the credibility of monetary policy is to give the central bank a clear mandate with price stability as the overriding goal. This does not imply, however, that other goals, such as high employment, strong output growth, and economic ...
A review of the trade weighted exchange rate index Hannah Kite
... economies tend to have a greater influence on consumer price inflation in New Zealand than indicated by the country’s share in bilateral trade. In effect, the simple bilateral trade weight was found to understate the importance of the US dollar on inflation, and give too much weight to the Australia ...
... economies tend to have a greater influence on consumer price inflation in New Zealand than indicated by the country’s share in bilateral trade. In effect, the simple bilateral trade weight was found to understate the importance of the US dollar on inflation, and give too much weight to the Australia ...
Choice Of Exchange Rate Regimes For Developing Countries
... the range of –0.7 and –0.9; (c) the price elasticity of supply of aggregate exports of nonoil exporting countries would be at least 1; and (d) because the price elasticity of both demand and supply of traditional exports tend to be small, export diversification is necessary for commodity-exporting c ...
... the range of –0.7 and –0.9; (c) the price elasticity of supply of aggregate exports of nonoil exporting countries would be at least 1; and (d) because the price elasticity of both demand and supply of traditional exports tend to be small, export diversification is necessary for commodity-exporting c ...
Purchasing Power Parity
... The trick is to realize that exports and imports may be exports and imports of intermediate goods. E.g., a country imports intermediate good for $1 billion and transfers them into final goods using only labor, which costs $200 million. Assume that there is no profit. The value of final goods is thus ...
... The trick is to realize that exports and imports may be exports and imports of intermediate goods. E.g., a country imports intermediate good for $1 billion and transfers them into final goods using only labor, which costs $200 million. Assume that there is no profit. The value of final goods is thus ...
Emergent Brazil and the Curse of the `Hen`s Flight`
... EMERGENT BRAZIL AND THE CURSE OF THE ‘HEN’S FLIGHT’ | 3 ...
... EMERGENT BRAZIL AND THE CURSE OF THE ‘HEN’S FLIGHT’ | 3 ...
Currency collapses and output dynamics
... Public authorities tend to resist sharp depreciations in their economy’s exchange rate, presumably because they fear that they would be very costly in terms of foregone output.2 This article presents new evidence on the relationship between currency collapses, defined as large nominal depreciations ...
... Public authorities tend to resist sharp depreciations in their economy’s exchange rate, presumably because they fear that they would be very costly in terms of foregone output.2 This article presents new evidence on the relationship between currency collapses, defined as large nominal depreciations ...
Aid volatility, monetary policy rules and the capital account in African
... representative private agent consumes traded imports and non-traded final goods and accumulates financial wealth in the form of three assets: domestic currency, foreign currency and government bonds. There are no banks in the model, so that money is base money and foreign currency balances are held ...
... representative private agent consumes traded imports and non-traded final goods and accumulates financial wealth in the form of three assets: domestic currency, foreign currency and government bonds. There are no banks in the model, so that money is base money and foreign currency balances are held ...
David
... attempt to explain this pattern of variability. Using a model with perfect capital mobility, fixed output, and slow price adjustment, he showed how an increase in the (exogenous) money supply would cause the exchange rate first to depreciate beyond its long run equilibrium value, and then to appreci ...
... attempt to explain this pattern of variability. Using a model with perfect capital mobility, fixed output, and slow price adjustment, he showed how an increase in the (exogenous) money supply would cause the exchange rate first to depreciate beyond its long run equilibrium value, and then to appreci ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... currency in a single country where there are alternative assets. This problem was stressed by Keynes (1936) and Samuelson (1947) as the essential difficulty of monetary theory. In the light of these difficulties at the theoretical level, it is remarkable that there is so little difficulty in getting ...
... currency in a single country where there are alternative assets. This problem was stressed by Keynes (1936) and Samuelson (1947) as the essential difficulty of monetary theory. In the light of these difficulties at the theoretical level, it is remarkable that there is so little difficulty in getting ...