Anatomy of Sudden Yen Appreciations PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Anatomy of Sudden Yen Appreciations PDF full book. Access full book title Anatomy of Sudden Yen Appreciations by Mr.Fei Han. Download full books in PDF and EPUB format.
Author: Mr.Fei Han
Publisher: International Monetary Fund
ISBN: 1498325394
Category : Business & Economics
Languages : en
Pages : 19
Get Book Here
Book Description
The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run the risk of lowering actual and expected inflation, squeezing corporate profits, generating a negative wealth effect through depressed equity prices, and reducing confidence in the Bank of Japan’s efforts to reflate the domestic economy and achieve the inflation target. This paper takes a closer look at underlying drivers of rapid yen appreciations, highlighting the key role of carry-trade and the zero lower bound as important amplifiers.
Author: Mr.Fei Han
Publisher: International Monetary Fund
ISBN: 1498325394
Category : Business & Economics
Languages : en
Pages : 19
Get Book Here
Book Description
The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run the risk of lowering actual and expected inflation, squeezing corporate profits, generating a negative wealth effect through depressed equity prices, and reducing confidence in the Bank of Japan’s efforts to reflate the domestic economy and achieve the inflation target. This paper takes a closer look at underlying drivers of rapid yen appreciations, highlighting the key role of carry-trade and the zero lower bound as important amplifiers.
Author: Irving Fisher
Publisher:
ISBN:
Category : Bimetallism
Languages : en
Pages : 140
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
Get Book Here
Book Description
Author: Eliphas Ndou
Publisher: Springer
ISBN: 3319622803
Category : Business & Economics
Languages : en
Pages : 509
Get Book Here
Book Description
This book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy’s eventual recovery from the crisis and the prospect of higher US interest rates in future. Told in three parts, the book explores associations between economic growth, policy uncertainty and the key domestic and international transmission channels, and transmission effects, of global financial regulatory and domestic macro-economic uncertainties on subdued and volatile economic recovery, financial channels, lending rate margins, and credit growth. The book concludes by extending its focus to the role of US monetary policy, capital flows and rand/US dollar volatility on the South African economy.
Author: Eduardo Levy-Yeyati
Publisher: World Bank Publications
ISBN:
Category : Central Bank
Languages : en
Pages : 39
Get Book Here
Book Description
Abstract: In recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this "fear of appreciation" has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.
Author: Geert Bekaert
Publisher: Cambridge University Press
ISBN: 110711182X
Category : Business & Economics
Languages : en
Pages : 1047
Get Book Here
Book Description
Combining academic theory with practical case studies, this book helps students understand global financial markets and business management.
Author: Heiko Dreyer
Publisher: Cuvillier Verlag
ISBN: 3736984774
Category : Business & Economics
Languages : en
Pages : 277
Get Book Here
Book Description
As indicated by the high level of food prices and volatility thereof, the international food and agricultural trade has been characterized by increasing uncertainty in recent years. Macroeconomic fluctuations seem to affect food and agricultural markets more strongly than in the past. The liberalization of agricultural policy, especially in industrialized countries, and the integration of world markets expose actors on domestic as well as on foreign markets to increased exchange rate and price fluctuations. This book investigates the determinants of food and agricultural trade flows of European countries using various econometric approaches. Where each of the chapters focuses on a particular issue, the overall topic of the first part of this book is to identify by what means the trend towards general liberalization and especially European integration has affected the amount of bilateral trade. Moreover, in the second part the book investigates the strategic pricing behavior of European producers in a liberalized global economy and elaborates how this behavior effects trade flows.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589064539
Category : Business & Economics
Languages : en
Pages : 410
Get Book Here
Book Description
This book examines the challenges facing the international monetary and financial system, as well as the future role of the Bretton Woods institutions in addressing those challenges. The volume is based on the proceedings of a 2004 conference cosponsored by the Banco de Espana and the International Monetary Fund to commemorate the 60th anniversary of the Bretton Woods meetings in July 1944. The chapters look at global imbalances, exchange rate issues, debt in emerging economies, and innovations in private and multilateral lending.
Author: OECD
Publisher: OECD Publishing
ISBN:
Category :
Languages : en
Pages : 244
Get Book Here
Book Description
This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It provides theoretical background and an overview of the relevant literature.
Author: Mr.Sergi Lanau
Publisher: International Monetary Fund
ISBN: 1484328477
Category : Business & Economics
Languages : en
Pages : 20
Get Book Here
Book Description
This papers explores the effects of real exchange rate depreciations on growth across sectors, identifying export, cost, and import-penetration channels. It tests the existence and magnitude of these channels in a panel difference-in-difference methodology. Sectors that export more to begin with, grow relatively more in response to a depreciation. The same is true of sectors where import penetration in final demand is higher. There is no evidence that depreciations reduce growth by making imported inputs more expensive. A 10 percent real depreciation would increase growth of nontraditional sectors in Latin America by 0.6-2 percentage points mostly through the export channel.
