![The EMU and the Theory of Optimum Currency Areas](http://s1.studyres.com/store/data/007823655_1-a2ca5f9263292806d270a88b0a8bba7d-300x300.png)
Master Circular for Currency Derivatives
... feature in Currency Futures (w.e.f. 08th September, 2014). and in Currency Options (w.e.f. 14th March, 2016).This check is introduced inlines of globally prevalent risk management measures to primarily reduce potential instances of market abuse and fat-finger errors and facilitate true price discove ...
... feature in Currency Futures (w.e.f. 08th September, 2014). and in Currency Options (w.e.f. 14th March, 2016).This check is introduced inlines of globally prevalent risk management measures to primarily reduce potential instances of market abuse and fat-finger errors and facilitate true price discove ...
East Asia: Success and Crisis
... 2001 – It restricted residents’ withdrawals from banks in order to stem the run on the peso, and then it stopped payment on its foreign debts. 2002 – It established a dual exchange rate system and a single floating-rate system for the peso. ...
... 2001 – It restricted residents’ withdrawals from banks in order to stem the run on the peso, and then it stopped payment on its foreign debts. 2002 – It established a dual exchange rate system and a single floating-rate system for the peso. ...
Monetary Options for Postwar Iraq
... The banking sector will have to be recapitalized and revamped to operate in a market economy, if the claims of Iraqi depositors are to be honored. A decision must be made on whether outstanding debt from the Hussein regime will be serviced, an issue that has not been resolved following the suspensio ...
... The banking sector will have to be recapitalized and revamped to operate in a market economy, if the claims of Iraqi depositors are to be honored. A decision must be made on whether outstanding debt from the Hussein regime will be serviced, an issue that has not been resolved following the suspensio ...
Statutory Issue Paper No. 81 Foreign Currency Transactions and
... operations in their statutory statements as if they were U.S. dollar denominated operations. This practice was established at a time when the Canadian and U.S. dollars were at or close to equivalent. The cost of translating each line item for immaterial Canadian operations is perceived to exceed the ...
... operations in their statutory statements as if they were U.S. dollar denominated operations. This practice was established at a time when the Canadian and U.S. dollars were at or close to equivalent. The cost of translating each line item for immaterial Canadian operations is perceived to exceed the ...
Flexible Exchange Rates for a Stable World Economy
... official capital outflows (including purchases of foreign exchange reserves) for all developing economies, along with their aggregate current account balances.7 For 2011, the IMF projects that net official flows from these economies (not including outflows from most sovereign wealth funds) will equal 1.5 ...
... official capital outflows (including purchases of foreign exchange reserves) for all developing economies, along with their aggregate current account balances.7 For 2011, the IMF projects that net official flows from these economies (not including outflows from most sovereign wealth funds) will equal 1.5 ...
Contingent Liabilities
... Contingent liabilities are possible obligations that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the government. The public debt may be understated without reporting con ...
... Contingent liabilities are possible obligations that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the government. The public debt may be understated without reporting con ...
- BANKER`S LEARNING HOUSE
... • A spot foreign exchange deal is one made for settlement in two working day’s time. Thus under normal circumstances a spot deal done on Monday is settled on Wednesday. Settlement of both sides of a spot foreign exchange deal should be made on the same working day. The principle is that the two side ...
... • A spot foreign exchange deal is one made for settlement in two working day’s time. Thus under normal circumstances a spot deal done on Monday is settled on Wednesday. Settlement of both sides of a spot foreign exchange deal should be made on the same working day. The principle is that the two side ...
4. Monetary Aggregates and Scope of Use
... and lower liquidity aggregates are separated based on level of liquidity. In countries with developed financial markets monetary aggregates also include liquid liabilities of nonbank financial institutions to residents. Generally, the number of broader monetary aggregates depends on the package of a ...
... and lower liquidity aggregates are separated based on level of liquidity. In countries with developed financial markets monetary aggregates also include liquid liabilities of nonbank financial institutions to residents. Generally, the number of broader monetary aggregates depends on the package of a ...
Policy, Exchange Rates, and the International System W. Max Corden
... used to provide short-term relief for the loss of sectoral or national competitiveness. Moreover, fixed rates would be difficult to institute in the greater international monetary system; the world as a whole is quite far from being an optimal currency area. Corden’s own forecast is that the managed ...
... used to provide short-term relief for the loss of sectoral or national competitiveness. Moreover, fixed rates would be difficult to institute in the greater international monetary system; the world as a whole is quite far from being an optimal currency area. Corden’s own forecast is that the managed ...
The Global Crisis of the Late 2000s and Currency Substitution: A
... helped these countries further integrate into a larger market, the Eurozone, and stabilize their economies against heavily fluctuating currency exchange rates. The governments of Ukraine and Russia, on the other hand, did not join the euro area and followed their own currency policies along with lim ...
... helped these countries further integrate into a larger market, the Eurozone, and stabilize their economies against heavily fluctuating currency exchange rates. The governments of Ukraine and Russia, on the other hand, did not join the euro area and followed their own currency policies along with lim ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... I thank my discussant, Lorenza Martínez, as well as Michael Bordo, Gian Maria MilesiFerretti, and participants of the 2004 NBER Inter-American Seminar in Economics for comments on an earlier draft. I am also grateful to George Kostelenos, Pedro Lains, Agustín Llona, Leandro Prados, Irving Stone, Bil ...
... I thank my discussant, Lorenza Martínez, as well as Michael Bordo, Gian Maria MilesiFerretti, and participants of the 2004 NBER Inter-American Seminar in Economics for comments on an earlier draft. I am also grateful to George Kostelenos, Pedro Lains, Agustín Llona, Leandro Prados, Irving Stone, Bil ...
International monetary systems
... The Bretton Woods Era: 1945–1971 British and American policy makers began to plan the post war international monetary system in the early 1940s. The objective was to create an order that combined the benefits of an integrated and relatively liberal international system with the freedom for governmen ...
... The Bretton Woods Era: 1945–1971 British and American policy makers began to plan the post war international monetary system in the early 1940s. The objective was to create an order that combined the benefits of an integrated and relatively liberal international system with the freedom for governmen ...
Hyperinflation in Zimbabwe - Federal Reserve Bank of Dallas
... Expectations play a major role in perpetuating higher prices during bouts of hyperinflation, and the effect of those expectations on money and inflation is amplified relative to other influences, such as the business cycle. To blunt exponential price increases, government finance must change in a cr ...
... Expectations play a major role in perpetuating higher prices during bouts of hyperinflation, and the effect of those expectations on money and inflation is amplified relative to other influences, such as the business cycle. To blunt exponential price increases, government finance must change in a cr ...
2. I E D nternational
... other hand, the US PMI posted a negative performance quarter-on-quarter both for manufacturing industry and services. Thus, the US economy is estimated to have grown at a much slower pace in the fourth quarter than in the third quarter. The emerging markets PMI recorded an increase for the manufactu ...
... other hand, the US PMI posted a negative performance quarter-on-quarter both for manufacturing industry and services. Thus, the US economy is estimated to have grown at a much slower pace in the fourth quarter than in the third quarter. The emerging markets PMI recorded an increase for the manufactu ...
china`s exchange rate policy, its current account surplus, and the
... balance objective. This has been broadly achieved. In principle competitiveness could then be targeted on the current account objective. But competitiveness depends on much more than the nominal exchange rate, especially when it is a bilateral nominal rate. Since inflation both in China and its trad ...
... balance objective. This has been broadly achieved. In principle competitiveness could then be targeted on the current account objective. But competitiveness depends on much more than the nominal exchange rate, especially when it is a bilateral nominal rate. Since inflation both in China and its trad ...
INTERNATIONAL FACTOR MOVEMENT
... fiscal policy is more effective at increasing national income. • When capital is relatively mobile, fiscal policy is less effective at increasing national income. • Between these two extremes, the effect on the exchange rate depends on the relative slopes of LM and BP. – BP steeper than LM: deprecia ...
... fiscal policy is more effective at increasing national income. • When capital is relatively mobile, fiscal policy is less effective at increasing national income. • Between these two extremes, the effect on the exchange rate depends on the relative slopes of LM and BP. – BP steeper than LM: deprecia ...
Who’s Manipulating Whom? E BRI D APER • TRA
... fixed-currency regime. From 1994 to 2005, Chinese monetary authorities kept the value of the yuan (also called the renminbi) fixed at a rate of about 8.3 to the dollar. In July 2005, they announced a 2.1 percent appreciation of the yuan against the dollar and a new benchmark that pegs the yuan to a ...
... fixed-currency regime. From 1994 to 2005, Chinese monetary authorities kept the value of the yuan (also called the renminbi) fixed at a rate of about 8.3 to the dollar. In July 2005, they announced a 2.1 percent appreciation of the yuan against the dollar and a new benchmark that pegs the yuan to a ...