Exchange Rates, Capital Flows and Policy

Exchange Rates, Capital Flows and Policy PDF Author: Rebecca Driver
Publisher: Routledge
ISBN: 1134261977
Category : Business & Economics
Languages : en
Pages : 456

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Book Description
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.

Exchange Rates, Capital Flows and Policy

Exchange Rates, Capital Flows and Policy PDF Author: Rebecca Driver
Publisher: Routledge
ISBN: 1134261977
Category : Business & Economics
Languages : en
Pages : 456

Get Book Here

Book Description
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.

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.

Managing Capital Flows and Exchange Rates

Managing Capital Flows and Exchange Rates PDF Author: Reuven Glick
Publisher: Cambridge University Press
ISBN: 9780521623230
Category : Business & Economics
Languages : en
Pages : 148

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Book Description
"This is a very timely book that brings the reader to the forefront of current research on macroeconomic policy issues in economies subject to sizable capital flows".--Guillermo A. Calvo, University of Maryland.

Capital Controls, Exchange Rates, and Monetary Policy in the World Economy

Capital Controls, Exchange Rates, and Monetary Policy in the World Economy PDF Author: Sebastian Edwards
Publisher: Cambridge University Press
ISBN: 9780521597111
Category : Business & Economics
Languages : en
Pages : 452

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Book Description
The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

Monetary Policy, Capital Flows and Exchange Rates

Monetary Policy, Capital Flows and Exchange Rates PDF Author: David G. Dickinson
Publisher: Psychology Press
ISBN: 9780415251358
Category : Business & Economics
Languages : en
Pages : 316

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Book Description
Max Fry was known internationally for his research on international and domestic financial issues. This book draws together contributions from a range of academic and policy-making friends and colleagues.

Macroeconomic Linkage

Macroeconomic Linkage PDF Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386996
Category : Business & Economics
Languages : en
Pages : 414

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Book Description
This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explore the causes of capital flows, changes in trade balances, and exchange rate fluctuations in East Asia and their effects on other countries. These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the East Asian region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rate behavior on industrial structure; and the potential for greater regional integration. The contributors examine interactions among exchange rate movements, trade balances, and capital flows; how government monetary policy affects capital flows; the effect of exchange rates on industrial structure, inventories, and prices; and the extent of regional integration in East Asia.

Capital Inflows, Exchange Rate Flexibility, and Credit Booms

Capital Inflows, Exchange Rate Flexibility, and Credit Booms PDF Author: Mr.Nicolas E. Magud
Publisher: International Monetary Fund
ISBN: 1463936427
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least partly, driven by low interest rates in the financial centers. Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing primarily on emerging markets, we analyze the impact of exchange rate flexibility on credit markets during periods of large capital inflows. We show that bank credit grows more rapidly and its composition tilts to foreign currency in economies with less flexible exchange rate regimes, and that these results are not explained entirely by the fact that the latter attract more capital inflows than economies with more flexible regimes. Our findings thus suggest countries with less flexible exchange rate regimes may stand to benefit the most from regulatory policies that reduce banks' incentives to tap external markets and to lend/borrow in foreign currency; these policies include marginal reserve requirements on foreign lending, currency-dependent liquidity requirements, and higher capital requirement and/or dynamic provisioning on foreign exchange loans.

International Policy Coordination and Exchange Rate Fluctuations

International Policy Coordination and Exchange Rate Fluctuations PDF Author: William H. Branson
Publisher: University of Chicago Press
ISBN: 0226071383
Category : Reference
Languages : en
Pages : 396

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Book Description
Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.

SHOCKS AND CAPITAL FLOWS

SHOCKS AND CAPITAL FLOWS PDF Author: GASTON. SAHAY GELOS (RATNA.)
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 2040

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Book Description


Facing the Tides

Facing the Tides PDF Author: Mr.Harald Finger
Publisher: International Monetary Fund
ISBN: 1513516841
Category : Business & Economics
Languages : en
Pages : 76

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Book Description
This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that stem from volatile capital flows and exchange rates and analyzes how countries deploy their policy toolkits in response. The data-driven analysis should contribute to ongoing reflections about how to manage volatile capital flows and exchange rates both in Asian EMEs and more broadly.