Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
ISBN: 1451852959
Category : Business & Economics
Languages : en
Pages : 28
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This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the particular measures representing exchange rate uncertainty. Particular attention is reserved for problems of simultaneous causality. The negative correlation between trade and bilateral volatility remains significant after controlling for the simultaneity bias. However, a Hausman test rejects the hypothesis of the absence of simultaneous causality.
Author: Giovanni Dell'Ariccia
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498330282
Category : Business & Economics
Languages : en
Pages : 132
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Author: Fabio Sdogati
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 72
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Author: André Sapir
Publisher:
ISBN:
Category : Integración económica europea
Languages : en
Pages : 46
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Author: Przemyslaw Kowalski
Publisher:
ISBN:
Category :
Languages : en
Pages : 630
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Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386899
Category : Business & Economics
Languages : en
Pages : 346
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Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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The aim of this note is to set out in more detail the issues connected with the undervaluation policies being practised by the European Union's main trading partners. The first part of the study describes the exchange-rate strategies of these countries and examines the domestic impact of this on the main economic variables (growth, inflation, foreign accounts). The second part assesses how the exchange-rate policies practised by the EU's trading partners are affecting the European economies. Finally, the last part shows that the problem of currency undervaluation requires a multilateral response: the IMF and the WTO have to cooperate in order to ensure exchange-rate stability.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451956770
Category : Business & Economics
Languages : en
Pages : 228
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A central proposition regarding effects of different mechanisms of fi-nancing public expenditures is that, under specific circumstances, it makes no difference to the level of aggregate demand if the government finances its outlays by debt or taxation. This so-called Ricardian equivalence states that, for a given expenditure path, substitution of debt for taxes does not affect private sector wealth and consumption. This paper provides a model illustrating the implications of Ricardian equivalence, surveys the litera-ture, considers effects of relaxing the basic assumptions, provides a frame-work to study implications of various extensions, and critically reviews recent empirical work on Ricardian equivalence.
Author: André Sapir
Publisher:
ISBN:
Category :
Languages : de
Pages : 69
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