The Macroeconomics of Exchange Rate Policies, Tariff Protection and the Current Account

The Macroeconomics of Exchange Rate Policies, Tariff Protection and the Current Account PDF Author: Simon Neaime
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 162

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Book Description

The Macroeconomics of Exchange Rate Policies, Tariff Protection and the Current Account

The Macroeconomics of Exchange Rate Policies, Tariff Protection and the Current Account PDF Author: Simon Neaime
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 162

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Book Description


Economic Policy, Exchange Rates, and the International System

Economic Policy, Exchange Rates, and the International System PDF Author: W. Max Corden
Publisher: University of Chicago Press
ISBN: 0226115917
Category : Business & Economics
Languages : en
Pages : 335

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Book Description
This account of exchange rates in the international monetary system considers the issues in international macroeconomics. Using theoretical models of international economics it explains the effects of various policies and issues in macroeconomics.

Trade Policy and Macroeconomic Balance in the World Economy

Trade Policy and Macroeconomic Balance in the World Economy PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 145194845X
Category : Business & Economics
Languages : en
Pages : 22

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Book Description
The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no presumption that protection would reduce a deficit. With a fixed exchange rate, the effect on savings and investment is brought about by the reduction in absorption that is required to maintain internal balance when restrictions are imposed. A current account deficit or real appreciation may generate protectionist pressures stimulated by “conservative resistance.”

Macroeconomic Conditions and Import Surcharges in Selected Transition Economies

Macroeconomic Conditions and Import Surcharges in Selected Transition Economies PDF Author: Ms.Piritta Sorsa
Publisher: International Monetary Fund
ISBN: 1451848277
Category : Business & Economics
Languages : en
Pages : 24

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Book Description
Analysis on macroeconomic determinants of protection in the Czech and Slovak Republics, Hungary, and Poland, while subject to many caveats, suggests that appreciation of the real exchange rate was the main macroeconomic determinant of trade policy reversals in the 1990s. This suggests that balance of payments difficulties may have been used as an excuse for protection. The analysis also suggests that greater exchange rate flexibility and tighter fiscal policies could have been used instead of import surcharges to deal with external imbalances. The surcharges may only have aggravated the external balance by slowing down exports and restructuring of production.

Protection and Liberalization

Protection and Liberalization PDF Author: W. M. Corden
Publisher: International Monetary Fund
ISBN: 0939934949
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
This paper deals with trade policy issues of particular interest to the Fund. It is motivated both by the revival of protectionist attitudes in the industrial countries and the prevalence of liberalization proposals for developing countries. In veiw of Fund concerns with the functioning of the International monetary system and with the individual countries' macroeconomic policy, and especially exchange rate issues, relate to protection.

Exchange Rates and International Macroeconomics

Exchange Rates and International Macroeconomics PDF Author: Jacob A. Frenkel
Publisher: University of Chicago Press
ISBN: 0226262537
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
This volume, presenting some of the finest new research on exchange rates and international macroeconomics, contains papers and critical commentary by thirty-two leading economists. Taken together, these papers provide sound evidence about the effects of real and monetary factors on exchange rates and extend the analyses of exchange rates and international macroeconomics by outlining the kinds of behavior and institutional arrangements that can be incorporated into such analyses. Both empirical and theoretical research are represented, and the contributors analyze such issues as the performance of various models of exchange rate determination, the role of risk and speculation in the forward market for foreign exchange, the rational expectations hypothesis in such markets, the performance of monetary policy in ten industrial countries, the role that labor market contracts play in exchange rate policies, the effect of he oil shocks on the evolution of exchange rates, and the output cost of bringing down inflation in the open economy.

International Trade and Global Macropolicy

International Trade and Global Macropolicy PDF Author: Farrokh Langdana
Publisher: Springer Science & Business Media
ISBN: 1461416353
Category : Business & Economics
Languages : en
Pages : 418

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Book Description
In the curricula of highly ranked MBA programs, two areas of discussion are conspicuously absent: International Trade, and Global Macroeconomic Policy. In this post-financial crisis environment, as the US and other advanced economies continue to experience sluggish growth, persistently high unemployment, and political agitation for increasingly protectionist policies, discussions pertaining to trade, currencies, and international capital flows are often fraught with emotion, tension, and hysteria. This book cuts through the emotions and superficial “solutions” and provides the reader with a thorough understanding of the hard-hitting theoretical models that drive the global flow of goods, services, and capital in the real world. A key feature of this volume is the presentation of the theoretical models, and the discussion of their implications in the context of real-world applications. This text is uniquely designed for current and future business leaders who are, or will be, engaged in the global economy. Armed with an understanding of the theoretical underpinnings driving goods, capital and ideas across national boundaries, readers will learn to anticipate the effects of trade and macroeconomic policy changes, and will have the tools to make sound, informed decisions for themselves and their global organizations.

Flexible Exchange Rates and Stabilization Policy

Flexible Exchange Rates and Stabilization Policy PDF Author: J. Herin
Publisher: Springer
ISBN: 1349033596
Category : Business & Economics
Languages : en
Pages : 286

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Book Description


Protectionism and World Welfare

Protectionism and World Welfare PDF Author: Dominick Salvatore
Publisher: Cambridge University Press
ISBN: 9780521424899
Category : Business & Economics
Languages : en
Pages : 478

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Book Description
This volume addresses highly topical issues at a crucial time in international economic relations. The world has never been closer to dismantling the liberal multilateral trading system which has been painstakingly established and successfully operated since the Second World War. In this volume many of the world's most distinguished economists examine the movement toward protectionism, bilateralism, and regionalism, and its causes, effects, and possible solutions. The contributors are theorists, researchers, and advisors to governments and international organizations who are at the forefront of trade theory, policy, and practice, and whose analyses have a real impact on international trade. By collecting together these analyses in a single volume, this book provides a unique survey for students and scholars of economics, and all those concerned with trade theory and policy in business and government.

Exchange Rates and Macroeconomic Dynamics

Exchange Rates and Macroeconomic Dynamics PDF Author: Pavlos V. Karadeloglou
Publisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
This book examines the numerous aspects of exchange rates and the dynamics of macroeconomics, focusing on the PPP puzzle, volatility, levels, with an exploration of the real exchange rate misalignment of the Central European countries single equation approach, an examination of the real equilibrium exchange rate in China, exchange rate dynamics and pass-through effects in Russia and Hungary, and structural shocks on economies.