Author: Mr.Adnan Mazarei
Publisher: International Monetary Fund
ISBN: 1451851960
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This paper examines the role of foreign exchange receipts in determining Iran’s imports during 1961/62-1992/93. It provides evidence of the existence of long-term relationship between imports and foreign exchange receipts, as well as the traditional price and output variables.
Modeling Import Demand Under Government Intervention and Financial Constraints
Author: C. S. Kim
Publisher:
ISBN:
Category : Corn
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Corn
Languages : en
Pages : 24
Book Description
Imports Under a Foreign Exchange Constraint
Author: Mr.Adnan Mazarei
Publisher: International Monetary Fund
ISBN: 1451851960
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This paper examines the role of foreign exchange receipts in determining Iran’s imports during 1961/62-1992/93. It provides evidence of the existence of long-term relationship between imports and foreign exchange receipts, as well as the traditional price and output variables.
Publisher: International Monetary Fund
ISBN: 1451851960
Category : Business & Economics
Languages : en
Pages : 24
Book Description
This paper examines the role of foreign exchange receipts in determining Iran’s imports during 1961/62-1992/93. It provides evidence of the existence of long-term relationship between imports and foreign exchange receipts, as well as the traditional price and output variables.
Imports Under a Foreign Exchange Constraint
Author: Cristián Morán V.
Publisher:
ISBN:
Category : Foreign exchange administration
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Foreign exchange administration
Languages : en
Pages : 40
Book Description
Imports Under a Foreign Exchange Constraint
Author: Adnan Mazarei
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 32
Book Description
Import Demand in Developing Countries
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 36
Book Description
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 36
Book Description
Foreign Exchange Constraints to Trade and Development
Author: Philip Chase Abbott
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 68
Book Description
Extract: Many less developed countries (LDC's), facing huge trade deficits and shortages of foreign exchange, reduced their agricultural imports over the past few years from the United States and others. Unless cash-short LDC's increase their exports and obtain food and financial aid, agricultural imports by LDC's will grow much more slowly in the next decade than in the last. While many LDC's face long-term problems, others appear to be in short-term liquidity crises; if their export growth resumes, so will their agricultural imports. China, Brazil, Mexico, Nigeria, and India are key to world cereal trade. Those projections are based on a two-gap model applied to 31 LDC's.
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 68
Book Description
Extract: Many less developed countries (LDC's), facing huge trade deficits and shortages of foreign exchange, reduced their agricultural imports over the past few years from the United States and others. Unless cash-short LDC's increase their exports and obtain food and financial aid, agricultural imports by LDC's will grow much more slowly in the next decade than in the last. While many LDC's face long-term problems, others appear to be in short-term liquidity crises; if their export growth resumes, so will their agricultural imports. China, Brazil, Mexico, Nigeria, and India are key to world cereal trade. Those projections are based on a two-gap model applied to 31 LDC's.
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework
Author: Romain Lafarguette
Publisher: International Monetary Fund
ISBN: 1513569406
Category : Business & Economics
Languages : en
Pages : 33
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.
Publisher: International Monetary Fund
ISBN: 1513569406
Category : Business & Economics
Languages : en
Pages : 33
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.
Hard Currency Constraints and East European Grain Imports
Author: Nancy Cochrane
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 24
Book Description
Outlook and Situation Report
Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 40
Book Description
The Economics of International Payments Unions and Clearing Houses
Author: Byron G. Auguste
Publisher: Springer
ISBN: 1349255173
Category : Business & Economics
Languages : en
Pages : 319
Book Description
International payments unions and clearing houses have been employed by 88 countries in Europe, Asia, Africa, Latin America and the Caribbean to liberalise regional trade and payments during the past 50 years. Yet, their impact on participating countries has not been well understood. When the republics of the former Soviet Union were deciding on new monetary regimes, many economists proposed a payments union but could not estimate its potential benefits or risks. This book presents the first fully articulated theory of international payments unions and clearing houses in order to answer the questions: When should a country choose to participate in a payments union? What benefits and costs have actually resulted from existing and past clearing houses? When should countries in a clearing house seek to form a payments union?
Publisher: Springer
ISBN: 1349255173
Category : Business & Economics
Languages : en
Pages : 319
Book Description
International payments unions and clearing houses have been employed by 88 countries in Europe, Asia, Africa, Latin America and the Caribbean to liberalise regional trade and payments during the past 50 years. Yet, their impact on participating countries has not been well understood. When the republics of the former Soviet Union were deciding on new monetary regimes, many economists proposed a payments union but could not estimate its potential benefits or risks. This book presents the first fully articulated theory of international payments unions and clearing houses in order to answer the questions: When should a country choose to participate in a payments union? What benefits and costs have actually resulted from existing and past clearing houses? When should countries in a clearing house seek to form a payments union?