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Chile_en.pdf
Chile_en.pdf

... management and continuing buoyancy in the markets for its principal exports, which are well diversified. Thus, the economy is in a good position to cope with external fluctuations. The main exogenous risk factors are rising oil prices and the danger that an economic slowdown in the United States may ...
Unit 5 Demographic/ Economic Development Vocabulary Birthrate
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... Industrialized nation- nation with the capacity to mass produce commodities through factories. More developed nation- a sovereign nation which has a highly developed economy and advanced technological infrastructure. Developing country- country with less productive economies than developed countries ...
Overview
Overview

... the normalization process in the monetary policy in the US keep the sensitivity of global markets to data flow at high levels. In such a conjuncture, the US dollar has appreciated against other currencies and capital movements in emerging economies have fluctuated. ...
Lecture 5
Lecture 5

... A contractionary monetary policy: the Fed sells bonds to reduce money supply and raise interest rate ...
Chapter 1.
Chapter 1.

... uses interest rates and other instruments to control the money supply. The Purpose of Mon. Pol. Is to control inflation which is the rate of change of the price level.  Conducted in Turkey by CBRT, In the U.S. by the Federal Reserve Bank (Fed)  Why is it important to control the money ...
Bolivia_en.pdf
Bolivia_en.pdf

... increase in hydrocarbon tax receipts, which went up by 14.3% during the period. Current expenditure expanded by 16% in nominal terms in the year to September 2011 compared with the same period in 2010. This can be attributed mainly to a 20% increase in spending on goods and services, while wage expe ...
Past Paper - Exam 2012
Past Paper - Exam 2012

... Using the planned leakages-planned injections approach to the open economy to show how economic sanctions, which have the effect of limiting a country’s exports, will ceteris paribus affect a country’s level of output. If the economy enjoys balanced trade at the time that the sanctions are introduce ...
Sustainability News 1 - UNIMAK - the University of Makeni, Sierra
Sustainability News 1 - UNIMAK - the University of Makeni, Sierra

... known as the ‘Triffin Dilemma’ – if a nation’s currency is also the world’s reserve that country needs to keep a current account deficit to provide liquidity for the global economy. But this leads to a loss of confidence in that currency. The dollar had to be de-valued and so the fixed rate exchange ...
Bolivia_en.pdf
Bolivia_en.pdf

... The Bolivian economy slowed in 2014, but the country still has one of the highest growth rates in the region. Slowing growth in the hydrocarbons sector affected both economic activity and fiscal revenues. Nevertheless, private consumption and gross fixed capital formation —supported by an ample prog ...
Document
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Argentina Crisis
Argentina Crisis

... Petroleum, natural gas, metals, and timber accounted for more than 80% of Russian exports When the East Asian financial crisis broke out in 1997, prices for Russia's two most valuable sources of capital flows, energy and metals, dropped. Non-payment by the manufacturing & energy sector-main cause of ...
Carlin
Carlin

... Carlin, W (2012), “Real exchange rate adjustment, wage-setting institutions, and fiscal stabilization policy: Lessons of the Eurozone’s first decade”, CEPR Discussion Paper No. 8918. Carlin, W (2012) The Eurozone crisis North and South INET Berlin http://www.youtube.com/watch?v=ckNegVehVDk ...
SIMON FRASER UNIVERSITY Department of Economics Econ 345 Prof. Kasa
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... Recently, some people have argued that Greece could use fiscal policy to replicate many of the effects of a currency devaluation. Use the DD-AA model to show how fiscal policy could be used, even with a totally fixed exchange rate as in a common currency area, to stimulate domestic demand and emplo ...
Chapter 12
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... and budget surplus o Japanese and European economies were sluggish o these factors caused appreciation of the dollar ...
Uruguay_en.pdf
Uruguay_en.pdf

... half of the year, rose to about 700 base points in October 2008 as a result of international financial volatility. At the end of October, gross reserves amounted to US$ 6.0 billion (approximately 20% of GDP), which was US$ 2.0 billion more than in the year-earlier period. Of this increase, 38% was a ...
Honduras_en.pdf
Honduras_en.pdf

... raised to 10% and then reduced annually until it is phased out completely in the 2015 fiscal year. It also reintroduces the dividend tax at a flat rate of 10%, makes changes to the sales tax and introduces a selective tax of between 10% and 60% on imports of vehicles. Lastly, it provides measures to ...
Turkey Presentation - Wharton Finance Department
Turkey Presentation - Wharton Finance Department

...  Tight Fiscal & Monetary Policy  Structural Reforms  Comprehensive disinflation program that uses predetermined exchange rate as a nominal anchor ...
Dominican_Republic_en.pdf
Dominican_Republic_en.pdf

... government expenditures fell by 13.4% on declines in fixed investment (-59.6%) and capital transfers (49%). This fiscal consolidation effort is expected to bring down the consolidated deficit to the equivalent of 4.3% of GDP at year-end. As a result, external debt had fallen to 22.3% of GDP in Septe ...
Jamaica_en.pdf
Jamaica_en.pdf

... the gradual reduction in lending rates, however, private sector credit also declined by 0.7 %, reflecting a continuing fall in private consumer spending and investment. ...
ECONOMIC GOALS
ECONOMIC GOALS

... 1. Demographics suggest the “aging” of our population. 2. Per capita prescription use is 7 per year. 3. The forecast is that per capita prescription use will be 22 per year by 2010. 4. Industry sales are forecast to increase by 45% over the same period. ...
Test 6 - Sections 7 & 8 - Vocab Review
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... foundation, for economic activity. _____human made goods such as buildings and machines used to produce other goods and services. _____the improvement in labor created by the education and knowledge embodied in the workforce. ...
Study Questions for Final File
Study Questions for Final File

... the aggregate demand curve shifts to the right causing an increase in real GDP and the price level. d. the aggregate demand curve shifts to the right causing a decrease in real GDP and the price level. A real depreciation of a country’s currency generally causes: a. an increase in the production of ...
Drop
Drop

... A rise in the level of domestic investment will most likely result from a rise in ...
F S B C
F S B C

... without adequately hedging against the risk that the domestic currency will be devalued, sharply raising the ratio of their domestic-currency liabilities to their assets. They may believe that even if a crisis occurs, the government’s promise to peg the exchange rate represents an implicit promise t ...
Week 6 In Class Productivity and Growth
Week 6 In Class Productivity and Growth

... a. slower than relatively rich countries; this is called the poverty trap. b. slower than relatively rich countries; this is called the fall-behind effect. c. faster than relatively rich countries; this is called the catch-up effect. d. faster than relatively rich countries; this is called the const ...
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Fear of floating

Fear of floating refers to situations where a country prefers a smoother exchange rate to a floating exchange rate regime. This is more relevant in emerging economies, especially when they suffered from financial crisis in last two decades. In foreign exchange markets of the emerging market economies, there is evidence showing that countries who claim they are floating their currency, are actually reluctant to let the nominal exchange rate fluctuate in response to macroeconomic shocks. In the literature, this is first convincingly documented by Calvo and Reinhart with “fear of floating” as the title of one of their papers in 2000. Since then, this widespread phenomenon of reluctance to adjust exchange rates in emerging markets is usually called “fear of floating”. Most of the studies on “fear of floating” are closely related to literature on costs and benefits of different exchange rate regimes.
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