Lecture15 - UCSB Economics
... Purchasing Power Parity Central Bank Reserves & Foreign Exchange Intervention ...
... Purchasing Power Parity Central Bank Reserves & Foreign Exchange Intervention ...
Capital Flight from Russia
... large flows of financial resources. A tremendous amount of the current account surplus before and after the crisis (that is, the years except 1997 and 1998) exists behind the problem. Table 3 shows the net capital outflow from the private sector of Russia. The net capital outflow means the increase ...
... large flows of financial resources. A tremendous amount of the current account surplus before and after the crisis (that is, the years except 1997 and 1998) exists behind the problem. Table 3 shows the net capital outflow from the private sector of Russia. The net capital outflow means the increase ...
The Effect of Exchange Rate Volatility on Productivity of Korean
... nominal exchange rate against the US dollar and contrasts it between two periods, before and after 1997. As expected, the exchange rate volatility had been trivial until 1997. However, during the Asian Financial crisis period (1997-1998), the exchange rate volatility surged. In addition, as the Kore ...
... nominal exchange rate against the US dollar and contrasts it between two periods, before and after 1997. As expected, the exchange rate volatility had been trivial until 1997. However, during the Asian Financial crisis period (1997-1998), the exchange rate volatility surged. In addition, as the Kore ...
Macro-economic Influences on the Stock Market
... exchange rate makes Sri Lankan equity cheaper (expensive) for foreign investors and therefore, fluctuations in exchange rate should have an impact on equity investment decisions of foreign investors. These variables represent only a subset of economic variables used in previous studies. But, these w ...
... exchange rate makes Sri Lankan equity cheaper (expensive) for foreign investors and therefore, fluctuations in exchange rate should have an impact on equity investment decisions of foreign investors. These variables represent only a subset of economic variables used in previous studies. But, these w ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... text, however, international factors may be much more important than in the partial analysis if they have an impact through some of the domestic variables. The nature of the general-equilibrium impact, of course, depends upon what kind of macro model is appropriate for the analysis. In a classical w ...
... text, however, international factors may be much more important than in the partial analysis if they have an impact through some of the domestic variables. The nature of the general-equilibrium impact, of course, depends upon what kind of macro model is appropriate for the analysis. In a classical w ...
PDF
... any decline in labor force in private farming would achieve a higher level of a positive rate of technical change. The question is now whether the observed level of the rate of decrease of labor unit input (il) is sufficient enough to satisfy not only the conditions of formula (13) but also to compe ...
... any decline in labor force in private farming would achieve a higher level of a positive rate of technical change. The question is now whether the observed level of the rate of decrease of labor unit input (il) is sufficient enough to satisfy not only the conditions of formula (13) but also to compe ...
Ch7
... [includes new goods, quality changes, and allow for substitutions] In reality: the commerce department does not measure physical quantities of produced items. It divides expenditures by price indexes – one of which is CPI. ...
... [includes new goods, quality changes, and allow for substitutions] In reality: the commerce department does not measure physical quantities of produced items. It divides expenditures by price indexes – one of which is CPI. ...
chapter summary
... The opportunity cost of holding money is the higher interest forgone by not holding other financial assets instead. Along a given money demand curve, the quantity of money demanded relates inversely to the interest rate. The demand for money curve shifts rightward as a result of an increase in the p ...
... The opportunity cost of holding money is the higher interest forgone by not holding other financial assets instead. Along a given money demand curve, the quantity of money demanded relates inversely to the interest rate. The demand for money curve shifts rightward as a result of an increase in the p ...
Financial Reporting in Hyperinflationary Economies
... HKFRSs Standards, when it exceeds its the recoverable amount recoverable from the item’s future use (including sale or other disposal). Hence For example, in such cases, restated amounts of property, plant and equipment, goodwill, patents and trademarks are reduced to recoverable amount, and restate ...
... HKFRSs Standards, when it exceeds its the recoverable amount recoverable from the item’s future use (including sale or other disposal). Hence For example, in such cases, restated amounts of property, plant and equipment, goodwill, patents and trademarks are reduced to recoverable amount, and restate ...
Capital Inflows, Inflation and Exchange Rate Volatility
... ( ) trends. The capital inflows caused by either “push” or “pull” factors positively impact on monetary base of the host country, foreign reserves and appreciation of the currency value. For remaining indicators, the impact of capital inflows, however, depends upon the channel of flows. For instance ...
... ( ) trends. The capital inflows caused by either “push” or “pull” factors positively impact on monetary base of the host country, foreign reserves and appreciation of the currency value. For remaining indicators, the impact of capital inflows, however, depends upon the channel of flows. For instance ...
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... has been reinforced in the 1980s and early 1990s by an increase in the rate o f implementation of trade liberalisation programmes and the rapid increase in trade-related payments associated with the high rates o f growth in world trade. These factors, together with the rapid technological developmen ...
... has been reinforced in the 1980s and early 1990s by an increase in the rate o f implementation of trade liberalisation programmes and the rapid increase in trade-related payments associated with the high rates o f growth in world trade. These factors, together with the rapid technological developmen ...
Inflation
... Effects of Inflation on Cash Flows: Often there is a tendency to assume erroneously that, when, both net revenues and the project cost rise proportionately, the inflation would not have much impact. These lines of arguments seem to be convincing, and it is correct for two reasons. First, the rate u ...
... Effects of Inflation on Cash Flows: Often there is a tendency to assume erroneously that, when, both net revenues and the project cost rise proportionately, the inflation would not have much impact. These lines of arguments seem to be convincing, and it is correct for two reasons. First, the rate u ...
Sweden`s Approach to Monetary Policy
... At that time, the banks held SKr 200 billion in securities approved as collateral, of which only SKr 50 billion were actually being used as collateral for loans from the Riksbank. Because the supply of collateral seemed ample (and banks are entitled to borrow as much as they need as long as they can ...
... At that time, the banks held SKr 200 billion in securities approved as collateral, of which only SKr 50 billion were actually being used as collateral for loans from the Riksbank. Because the supply of collateral seemed ample (and banks are entitled to borrow as much as they need as long as they can ...
Notes on the Phillips Curve:
... Higher inflation should be met with lower unemployment and Lower inflation should be met with higher unemployment Misperception Theory suggests that: Higher than expected inflation should be met with lower unemployment and Lower than expected inflation should be met with higher unemployment No longe ...
... Higher inflation should be met with lower unemployment and Lower inflation should be met with higher unemployment Misperception Theory suggests that: Higher than expected inflation should be met with lower unemployment and Lower than expected inflation should be met with higher unemployment No longe ...
Macroecon_Practice_Exam
... (d) Increasing both taxes and the discount rate (e) Engaging in deficit spending and government bond sales 17. Which of the following will be counted as unemployed by the U.S. Bureau of Labor Statistics? (a) Persons who quit their previous jobs to stay at home to care for sick parents (b) Persons wh ...
... (d) Increasing both taxes and the discount rate (e) Engaging in deficit spending and government bond sales 17. Which of the following will be counted as unemployed by the U.S. Bureau of Labor Statistics? (a) Persons who quit their previous jobs to stay at home to care for sick parents (b) Persons wh ...
Implications of Chinese Yuan on China`s competitiveness
... the USD, EUR, JPY, AUD and MYR. It also includes a review of their volatilities and most importantly, the economic implications of the RMB rates on exports and foreign investment flows. The Renminbi has come a long way since its pegged days of 1994 to 2005. Most recently, head of the International M ...
... the USD, EUR, JPY, AUD and MYR. It also includes a review of their volatilities and most importantly, the economic implications of the RMB rates on exports and foreign investment flows. The Renminbi has come a long way since its pegged days of 1994 to 2005. Most recently, head of the International M ...
Overview of the International Comparison
... comparisons can be made. While exchange rates can be used for this conversion, analysts find these to be deficient because of the effect of non-traded goods and services, capital movements, and exchange market interventions. 4. The relationship between the US and Euro dollars provides a good example ...
... comparisons can be made. While exchange rates can be used for this conversion, analysts find these to be deficient because of the effect of non-traded goods and services, capital movements, and exchange market interventions. 4. The relationship between the US and Euro dollars provides a good example ...
The Inflation-Openness Payoff Revisited: A Note on Romer vs
... Romer (1993) finds closed economies have higher inflation. Central banks in economies more open to trade, Romer argues, find currency fluctuations caused by money surprises more painful and therefore exercise more restraint than their closed economy counterparts. While some question this “inconsiste ...
... Romer (1993) finds closed economies have higher inflation. Central banks in economies more open to trade, Romer argues, find currency fluctuations caused by money surprises more painful and therefore exercise more restraint than their closed economy counterparts. While some question this “inconsiste ...
exchange rate volatility and exports in south africa
... The Rand is one of the most actively traded emerging market currencies. Its daily global turnover volume in 1999 was about 9.5 billion dollars, only below the Brazilian Real (10.8 billion dollars) among emerging market currencies (Galati (2000)). In April 2005 the South African Rand accounted for 0. ...
... The Rand is one of the most actively traded emerging market currencies. Its daily global turnover volume in 1999 was about 9.5 billion dollars, only below the Brazilian Real (10.8 billion dollars) among emerging market currencies (Galati (2000)). In April 2005 the South African Rand accounted for 0. ...
Exchange rate
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In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency. For example, an interbank exchange rate of 119 Japanese yen (JPY, ¥) to the United States dollar (US$) means that ¥119 will be exchanged for each US$1 or that US$1 will be exchanged for each ¥119. In this case it is said that the price of a dollar in terms of yen is ¥119, or equivalently that the price of a yen in terms of dollars is $1/119.Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.In the retail currency exchange market, a different buying rate and selling rate will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell the currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a commission or in some other way. Different rates may also be quoted for cash (usually notes only), a documentary form (such as traveler's cheques) or electronically (such as a credit card purchase). The higher rate on documentary transactions has been justified to compensate for the additional time and cost of clearing the document, while the cash is available for resale immediately. Some dealers on the other hand prefer documentary transactions because of the security concerns with cash.