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Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN:
Category : Economics
Languages : en
Pages : 37
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Book Description
Fixed exchange rates have been a bad bargain for the CFA member countries. Under reasonable tradeoffs between output and inflation, these countries would have been better off having the flexibility to adjust to external shocks.
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN:
Category : Economics
Languages : en
Pages : 37
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Book Description
Fixed exchange rates have been a bad bargain for the CFA member countries. Under reasonable tradeoffs between output and inflation, these countries would have been better off having the flexibility to adjust to external shocks.
Author: Shantayana Devarajan
Publisher:
ISBN:
Category :
Languages : es
Pages : 30
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Book Description
Author: Shantayanan Devarajan
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 44
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Book Description
Author: Jalal Mounir Shazbek
Publisher:
ISBN:
Category :
Languages : en
Pages : 106
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Book Description
The Project will be on the benefits and costs of fixed exchange rate regimes. Af ter a general Introduction, Chapter 2 will include a general review of the liter ature on fixed exchange rate regimes in the world and the countries applying the se regimes. Chapter 3 will make a comparison between fixed and flexible regimes and what are the advantages and disadvantages of each. In chapter 4, I will take a specific country case study and will analyze the effects of a fixed exchange rate regime on this specific economy. Chapter 5 will conclude the project with s ome policy implications.
Author: Joseph E. Gagnon
Publisher: Peterson Institute
ISBN: 0881326356
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.
Author: Samuel Brittan
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
UK. Monograph criticising the government policy of fixing the sterling foreign exchange rate, analysing different exchange rate systems and advocating a floating rate as the least inflationary system - examines the implications for trade, the balance of payments and discusses the monetary policy of the EC. References.
Author: Lawrence James Haddad
Publisher: World Bank Publications
ISBN:
Category : Condiciones sociales
Languages : en
Pages : 18
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Book Description
Here is a start at linking the literatures on targeting and on intrahousehold inequality which have developed rapidly but largely independent of each other.
Author: Paul R. Masson
Publisher: Cambridge University Press
ISBN: 9780521434553
Category : Business & Economics
Languages : en
Pages : 340
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Book Description
An overview and the latest research on single currency areas in Europe, the US, and the former USSR.
Author: Ali Zafar
Publisher: Springer Nature
ISBN: 3030710068
Category : Business & Economics
Languages : en
Pages : 250
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Book Description
This book provides an empirical analysis of economic and political structures impacting the CFA franc zone. Concise and practical chapters explore the history of the CFA franc zone, challenges to development, geopolitical issues, the importance of flexible exchanges rates, growth trends, and the impact of the Covid crisis. Policy reform is examined to detail economic approaches that could reduce poverty and increase the quality of life within the area. This book aims to present a macroeconomic and exchange rate framework to promote development and post-Covid recovery within the CFA franc zone. It will be of interest to students, researchers, and policymakers involved in African economics, the political economy, and development economics.
Author: Ian Goldin
Publisher: Cambridge University Press
ISBN: 9780521420563
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
Examines the interaction between macroeconomic and agricultural sector reforms in developing and East European economies.
