Foreign Exchange Value of the Dollar PDF Download
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Author:
Publisher:
ISBN:
Category : Dollar, American
Languages : en
Pages : 32
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Book Description
Author:
Publisher:
ISBN:
Category : Dollar, American
Languages : en
Pages : 32
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Book Description
Author: John Williamson
Publisher: Springer
ISBN: 1349051667
Category : Business & Economics
Languages : en
Pages : 426
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Book Description
Author: Victor E. Argy
Publisher:
ISBN:
Category : Foreign exchange administration
Languages : en
Pages : 374
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Book Description
Author: Ronald I. McKinnon
Publisher: MIT Press
ISBN: 9780262133180
Category : Business & Economics
Languages : en
Pages : 580
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Book Description
The Rules of the Game brings together essays written over the course of thirty years by a major figure in the field. McKinnon analyzes and compares a wide variety of important international monetary regimes: the establishment of the gold standard in the nineteenth century, Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, and current proposals for reforming world monetary arrangements. The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages, from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.
Author: Alex Cukierman
Publisher: World Bank Publications
ISBN:
Category : Economic stabilization
Languages : en
Pages : 37
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Book Description
The cost of reneging is a key reason policymakers hold back from strong commitments in their exchange rate policy. The stronger the commitment to an exchange rate rule, the more costly it is to deviate from it.
Author: Romain Lafarguette
Publisher: International Monetary Fund
ISBN: 1513569406
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
Author: John Williamson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 112
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Book Description
Now available directly from: IIE 11 Dupont Circle, NW Washington, DC 20036 Tel: (202) 328-9000 This book examines the system of flexible exchange rates, estimating misalignments of major currencies and analyzing costs and benefits of volatility and deviations from equilibrium. It considers target zones, reference rates, and other alternatives for stabilizing the system.
Author: Peter B. Kenen
Publisher: Continuum
ISBN:
Category : Business & Economics
Languages : en
Pages : 134
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Book Description
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""
Author: John Williamson
Publisher:
ISBN: 9781349051687
Category :
Languages : en
Pages : 0
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Book Description
