Exchange Rate and Trade Instability

Exchange Rate and Trade Instability PDF Author: David Bigman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 382

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Exchange Rate and Trade Instability

Exchange Rate and Trade Instability PDF Author: David Bigman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 382

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Book Description


Exchange-rate Instability

Exchange-rate Instability PDF Author: Paul R. Krugman
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 144

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Book Description
Focuses on the imperfect integration of the world economy, showing how this has become both cause and effect of exchange-rate instability. The author outlines the costs and benefits of recent flexible-exchange-rate policies and offers an insight into why the models that worked in the first half of the 1980s do not work in the growing uncertainty of the latter half. Krugman questions the need for further devaluation of the American dollar and proposes an eventual return to a fixed-exchange-rate system.

Floating Exchange Rates and the State of World Trade and Payments

Floating Exchange Rates and the State of World Trade and Payments PDF Author: David Bigman
Publisher: Beard Books
ISBN: 9781587981296
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
Analyzes developments in the international monetary system since 1973, with anew added epilogue.

Exchange-rate instability ...

Exchange-rate instability ... PDF Author: Krugman
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy

Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy PDF Author: William C. Gruben
Publisher: Springer Science & Business Media
ISBN: 1461561752
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.

Exchange Rate Volatility, Pricing to Market and Trade Smoothing

Exchange Rate Volatility, Pricing to Market and Trade Smoothing PDF Author: Mr.Peter B. Clark
Publisher: International Monetary Fund
ISBN: 1451936621
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
This paper investigates the consequences of exchange rate volatility on the variability of export prices and quantities in the presence of market segmentation and pricing to market. Firms stabilize destination prices through systematic price discrimination, limiting the degree of exchange rate pass-through. Consequently, the variability of exchange rates is not fully translated into prices and quantities at the point of destination. Empirical estimates using aggregate price data for the G-7 industrial countries show incomplete pass-through in variances, with considerable variation among these countries. U.S. industry specific data also indicate incomplete pass-through in most cases, with considerable variation across industries.

Inflation Targeting and Exchange Rate Management In Less Developed Countries

Inflation Targeting and Exchange Rate Management In Less Developed Countries PDF Author: Mr. Marco Airaudo
Publisher: International Monetary Fund
ISBN: 1475523165
Category : Business & Economics
Languages : en
Pages : 65

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Book Description
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.

Exchange Rate Volatility and Trade Flows--Some New Evidence

Exchange Rate Volatility and Trade Flows--Some New Evidence PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498330282
Category : Business & Economics
Languages : en
Pages : 132

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Exchange Rate Economics

Exchange Rate Economics PDF Author: Ronald MacDonald
Publisher: Routledge
ISBN: 1134838220
Category : Foreign exchange
Languages : en
Pages : 334

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Book Description
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""

Exchange Rate Stability in International Finance

Exchange Rate Stability in International Finance PDF Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 140

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Book Description