Alternative Approaches to Real Exchange Rates and Real Interest Rates
Author: Hali J. Edison
Publisher:
Published: 1995
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKPosts
Exchange Rate Economics
Author: Ronald MacDonald
Publisher: Routledge
Published: 2005
Total Pages: 334
ISBN-13: 1134838220
DOWNLOAD EBOOK''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Targeting the Real Exchange Rate
Author: Mr.Guillermo Calvo
Publisher: International Monetary Fund
Published: 1994-02-01
Total Pages: 50
ISBN-13: 1451921217
DOWNLOAD EBOOKThis paper presents a theoretical and empirical analysis of policies aimed at setting a more depreciated level of the real exchange rate. An intertemporal optimizing model suggests that, in the absence of changes in fiscal policy, a more depreciated level of the real exchange can only be attained temporarily. This can be achieved by means of higher inflation and/or higher real interest rates, depending on the degree of capital mobility. Evidence for Brazil, Chile, and Colombia supports the model’s prediction that undervalued real exchange rates are associated with higher inflation.
The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials
Author: Mr.Jun Nagayasu
Publisher: International Monetary Fund
Published: 1999-03-01
Total Pages: 13
ISBN-13: 1451845553
DOWNLOAD EBOOKThis paper empirically examines the long-run relationship between real exchange rates and real interest rate differentials over the recent floating exchange rate period, using a panel cointegration method, with data for a set of industrialized countries. The paper finds evidence of statistically significant long-run relationships and plausible point estimates, which contrasts with much existing evidence. The failure of others to establish such relationships may reflect the estimation method they use rather than any inherent deficiency of the fundamentals-based models.
The Monetary Approach to the Balance of Payments
Author: Jacob Frenkel
Publisher: Routledge
Published: 2013-07-18
Total Pages: 389
ISBN-13: 1135043493
DOWNLOAD EBOOKThis book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.
The Fundamental Determinants of the Real Exchange Rate of the U. S. Dollar Relative to Other G-7 Currencies
Author: Mr.Jerome L. Stein
Publisher: International Monetary Fund
Published: 1995-08-01
Total Pages: 46
ISBN-13: 1451955146
DOWNLOAD EBOOKThe IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
IMF Staff Papers, Volume 47, No. 1
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Published: 2000-01-01
Total Pages: 168
ISBN-13: 1451974582
DOWNLOAD EBOOKThis paper discusses the origins of the pyramid schemes and the way the authorities handled them. The paper analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy triggered by the schemes’ collapse, their direct effects on the economy are difficult to specify and appear to have been limited. The paper also argues that prevention of pyramid schemes is better than cure and that government and international financial institutions should be vigilant in clamping down on frauds.
Exchange Rate Economics
Author: Ronald MacDonald
Publisher: Psychology Press
Published: 2007
Total Pages: 465
ISBN-13: 0415125510
DOWNLOAD EBOOKThis book examines the influence of fiscal policy on exchange rates, recent development in the econometric modelling of exchange rates, and exchange rate modelling for developing countries.
Exchange Rate Modelling
Author: Ronald MacDonald
Publisher: Springer Science & Business Media
Published: 2013-04-17
Total Pages: 226
ISBN-13: 1475729979
DOWNLOAD EBOOKAre foreign exchange markets efficient? Are fundamentals important for predicting exchange rate movements? What is the signal-to-ratio of high frequency exchange rate changes? Is it possible to define a measure of the equilibrium exchange rate that is useful from an assessment perspective? The book is a selective survey of current thinking on key topics in exchange rate economics, supplemented throughout by new empirical evidence. The focus is on the use of advanced econometric tools to find answers to these and other questions which are important to practitioners, policy-makers and academic economists. In addition, the book addresses more technical econometric considerations such as the importance of the choice between single-equation and system-wide approaches to modelling the exchange rate, and the reduced form versus structural equation problems. Readers will gain both a comprehensive overview of the way macroeconomists approach exchange rate modelling, and an understanding of how advanced techniques can help them explain and predict the behavior of this crucial economic variable.
Handbook of International Economics
Author: R.W. Jones
Publisher: North Holland
Published: 1984
Total Pages: 654
ISBN-13:
DOWNLOAD EBOOKTextbook, research papers on international economic theory, economic policy and practice - includes a literature survey of theoretical studies in trade relations; covers evolution of economic models explaining the determinants of trade structure, capital flow, labour mobility, trade in natural resources, etc.; examines macroeconomics aspects of balance of payments, exchange rate, international monetary system, economic relations and dependence, etc. Bibliography, graphs, statistical tables.
