Financial Market Integration and Exchange Rate Policy 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 Financial Market Integration and Exchange Rate Policy PDF full book. Access full book title Financial Market Integration and Exchange Rate Policy by Mr.Donald J. Mathieson. Download full books in PDF and EPUB format.
Author: Mr.Donald J. Mathieson
Publisher: International Monetary Fund
ISBN: 1451930976
Category : Business & Economics
Languages : en
Pages : 66
Get Book Here
Book Description
This paper examines how a country’s exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened and liberalized, the optimal scale of exchange market intervention changes as the relative importance of different domestic and foreign shocks for output and price stability is altered. Nonetheless, the response of the optimal degree of intervention to increases in the variances of the various domestic and foreign shocks is similar across all financial structures.
Author: Mr.Donald J. Mathieson
Publisher: International Monetary Fund
ISBN: 1451930976
Category : Business & Economics
Languages : en
Pages : 66
Get Book Here
Book Description
This paper examines how a country’s exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened and liberalized, the optimal scale of exchange market intervention changes as the relative importance of different domestic and foreign shocks for output and price stability is altered. Nonetheless, the response of the optimal degree of intervention to increases in the variances of the various domestic and foreign shocks is similar across all financial structures.
Author: Donald J. Mathieson
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Alan Sutherland
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 42
Get Book Here
Book Description
Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 3642162746
Category : Business & Economics
Languages : en
Pages : 411
Get Book Here
Book Description
Financial capital, whether mediated through the financial market or Foreign Direct Investment has been a key factor in European economic growth. This book examines the interaction between European and global financial integration and analyses the dynamics of the monetary sector and the real economy in Europe. The key analytical focus is on the theoretical and empirical dynamics of financial markets in Europe, however, it also provides regional case studies of key institutional developments and lessons from foreign direct investment. There is a broad range of findings for Central, Eastern and Western Europe as well as EU Partner Countries. Crucially the analysis includes new approaches and options for solving the transatlantic banking crisis and suggests policy innovations for a world with unstable financial markets.
Author: Maurice Obstfeld
Publisher: Cambridge University Press
ISBN: 9780521671798
Category : Business & Economics
Languages : en
Pages : 386
Get Book Here
Book Description
This book is an economic survey of international capital mobility from the late nineteenth century to the present.
Author: A. Blundell-Wignall
Publisher: OECD
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 74
Get Book Here
Book Description
Author: William H. Branson
Publisher:
ISBN:
Category : European Economic Community countries
Languages : en
Pages : 58
Get Book Here
Book Description
Estudia las consecuencias que el Sistema Monetario Europeo (SME) y la integracion de los mercados financieros en 1992, pueden tener en la politica monetaria y fiscal de los paises de la CE. Comienza advirtiendo que la integracion se esta llevando a cabo cuando los estados miembros tienen desequilibrios en sus balanzas de pagos por cuenta corriente. A continuacion analiza el ajuste que tendra lugar en la politica monetaria y el papel que jugaran los intermediarios financieros locales en 1992. Termina planteando la reforma de los sistemas financieros y la necesidad de una autoridad fiscal en la CE. Contiene cuadros estadisticos y bibliografia.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781557751331
Category : Business & Economics
Languages : en
Pages : 394
Get Book Here
Book Description
This collection of papers, edited by Victor Argy and Paul De Grauwe, examines issues surrounding the choice of exchange rate regime in smaller industrial countries. It contains a comprehensive summary by Jacques J. Polak.
Author: Mr.Michael Mussa
Publisher: International Monetary Fund
ISBN: 145195039X
Category : Business & Economics
Languages : en
Pages : 66
Get Book Here
Book Description
This paper discusses the extent to which national capital markets have become linked, and identifies several of the more important consequences of that increased degree of integration. Alternative approaches to the measurement of capital market integration are reviewed, including deviations from the law of one price, differences between actual and optimally diversified portfolios, correlations between domestic investment and domestic saving, and cross-country links in consumption behavior. Two recent episodes of large-scale international capital flows—namely, the turmoil in the European Monetary System in the fall of 1992, and the surge of capital inflows into Latin America during the last three years—are examined for insights into the workings of today’s global capital market. Finally, the paper offers some concluding remarks on the future development of international capital markets, on exchange rate management, on alternative approaches to living with larger and more influential financial markets, and on the financing of investment in the formerly centrally planned economies.
Author: Mathias Hoffmann
Publisher:
ISBN:
Category :
Languages : en
Pages : 64
Get Book Here
Book Description
In this paper Friedmann (1953) and Mundell ́s (1968) position favouring flexible over alternative exchange rate regimes is reassessed in the context of international financial market integration. In a new open economy macroeconomic framework the paper shows that financial market integration causes a monetary policy trade-off between stabilising domestic goods prices as opposed to stabilising the terms of trade. Therefore, the welfare ranking of different exchanges rate rules changes during the process of international financial integration. It becomes evident that no single exchange rate regime outperforms in stabilising both domestic consumption and output variability in the process of financial market integration.
