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Author: David Bigman
Publisher: Cambridge, Mass. : Ballinger
ISBN:
Category : Business & Economics
Languages : en
Pages : 460
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Book Description
Author: David Bigman
Publisher: Cambridge, Mass. : Ballinger
ISBN:
Category : Business & Economics
Languages : en
Pages : 460
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Book Description
Author: United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 16
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Book Description
Author: Mrs.Gilda Fernandez
Publisher: International Monetary Fund
ISBN: 1451854935
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization.
Author: Ronald MacDonald
Publisher: Allen & Unwin Australia
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
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Author: David Bigman
Publisher: Beard Books
ISBN: 9781587981296
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author: Peter J. Quirk
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.
Author: Mr.Sebastian Weber
Publisher: International Monetary Fund
ISBN: 1455219002
Category : Business & Economics
Languages : en
Pages : 53
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Book Description
A traditional argument in favor of flexible exchange rates is that they insulate output better from real shocks, because the exchange rate can adjust and stabilize demand for domestic goods through expenditure switching. This argument is weakened in models with high foreign currency debt and low exchange rate pass-through to import prices. The present study evaluates the empirical relevance of these two factors. We analyze the transmission of real external shocks to the domestic economy under fixed and flexible exchange rate regimes for a broad sample of countries in a Panel VAR and let the responses vary with foreign currency indebtedness and import structure. We find that flexible exchange rates do not insulate output better from external shocks if the country imports mainly low pass-through goods and can even amplify the output response if foreign indebtedness is high.
Author: Jessica James
Publisher: John Wiley & Sons
ISBN: 1118445775
Category : Business & Economics
Languages : en
Pages : 674
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Book Description
Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: • Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. • Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models. • FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. • FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.
Author: Mrs.Gilda Fernandez
Publisher: International Monetary Fund
ISBN: 1589064763
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transition under disorderly conditions, with the sharp depreciation of their currency during a crisis. Regardless of the reason for adopting a flexible exchange rate, a successful transition depends on the effective management of a number of institutional and operational issues. The authors of this Economic Issue describe the necessary ingredients for moving to a flexible regime, as well as the optimal pace and sequencing under different conditions.
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 92
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Book Description
