Stabilization of the Foreign Exchanges

Stabilization of the Foreign Exchanges PDF Author: Ruth M. Jaeger
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 182

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Stabilization of the Foreign Exchanges

Stabilization of the Foreign Exchanges PDF Author: Ruth M. Jaeger
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 182

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Exchange Stabilization

Exchange Stabilization PDF Author: United States. Congress. House. Committee on Banking and Currency
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 84

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Stabilization of Prices

Stabilization of Prices PDF Author: Joseph Stagg Lawrence
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 520

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"Selected bibliography": pages 475-480.

Stabilizing an Unstable Economy

Stabilizing an Unstable Economy PDF Author: Hyman P. Minsky
Publisher: McGraw Hill Professional
ISBN: 0071593004
Category : Business & Economics
Languages : en
Pages : 433

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Book Description
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.

NBER Macroeconomics Annual 1995

NBER Macroeconomics Annual 1995 PDF Author: Ben S. Bernanke
Publisher: MIT Press
ISBN: 9780262522052
Category : Business & Economics
Languages : en
Pages : 364

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Contents : Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe BErtola and Andreas Ichino. Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo. Banks and Derivatives, Gary Gorton and Richard Rosen. Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh. Inflation Indicators and Inflation Policy, Stephen Cecchetti. Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh. Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen. The Unending Quest for Monetary Salvation, Stanley Fischer.

Exchange-Rate-Based Stabilization

Exchange-Rate-Based Stabilization PDF Author: Mr.A. Javier Hamann
Publisher: International Monetary Fund
ISBN: 1451855362
Category : Business & Economics
Languages : en
Pages : 29

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Do exchange-rate-based stabilizations generate distinctive economic dynamics? To address this question, this paper identifies stabilization episodes using criteria that differ from those in previous empirical studies of exchange-rate-based stabilizations. We find that, while some differences can be detected between exchange-rate-based stabilizations and stabilizations where the exchange rate is not the anchor, the behavior of important variables does not appear to differ—especially output growth, which is good in both cases. There is also no evidence that fiscal discipline is enhanced by adopting an exchange-rate anchor, or that there are any systematic differences in the success records of stabilizations that use the exchange rate as a nominal anchor and those that do not.

Exchange Stabilization Fund

Exchange Stabilization Fund PDF Author: United States. Congress. House. Committee on the Budget. Task Force on Tax Expenditures and Off-Budget Agencies
Publisher:
ISBN:
Category :
Languages : en
Pages : 88

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Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease?

Is Exchange Rate Stabilization an Appropriate Cure for the Dutch Disease? PDF Author: Mr.Ruy Lama
Publisher: International Monetary Fund
ISBN: 1455202169
Category : Business & Economics
Languages : en
Pages : 45

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This paper evaluates how successful is a policy of exchange rate stabilization to counteract the negative effects of a Dutch Disease episode. We consider a small open economy model that incorporates nominal rigidities and a learning-by-doing externality in the tradable sector. The paper shows that leaning against an appreciated exchange rate can prevent an inefficient loss of tradable output but at the cost of generating a misallocation of resources in other sectors of the economy. The paper also finds that welfare is a decreasing function of exchange rate intervention. These results suggest that stabilizing the nominal exchange rate in response to a Dutch Disease episode is highly distortionary.

Artificial Stabilization of Exchange Condemned - Outline of a Fundamental Solution

Artificial Stabilization of Exchange Condemned - Outline of a Fundamental Solution PDF Author: Benjamin McAlester Anderson
Publisher:
ISBN:
Category :
Languages : en
Pages : 68

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Proceedings of the Academy of Political Science in the City of New York

Proceedings of the Academy of Political Science in the City of New York PDF Author:
Publisher:
ISBN:
Category : Political science
Languages : en
Pages : 794

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