Appreciation and Interest
Author: Irving Fisher
Publisher:
Published: 1896
Total Pages: 140
ISBN-13:
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Author: Irving Fisher
Publisher:
Published: 1896
Total Pages: 140
ISBN-13:
DOWNLOAD EBOOKAuthor: Ernest Augustus Boyd
Publisher:
Published: 1968
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor: Ilan Goldfajn
Publisher:
Published: 1996
Total Pages: 66
ISBN-13:
DOWNLOAD EBOOKThis paper empirically analyzes a broad range of real exchange rate appreciation episodes. The cases are identified after compiling a large sample of monthly multilateral real exchange rates from 1960 to 1994. The objective is twofold. First, the paper studies the dynamics of appreciations, avoiding the sample selection of analyzing exclusively the crisis (or devaluation) cases. Second, the paper analyzes the mechanism by which overvaluations are corrected. In particular, we are interested in the proportion of the reversions that occur through nominal devaluations, rather than cumulative inflation differentials. We calculate the probability of undoing appreciations without nominal depreciations for various degrees of misalignment. The overall conclusion is that it is very unlikely to undo large and medium appreciations without nominal devaluations.
Author: Eduardo Levy Levy-Yeyati
Publisher:
Published: 2016
Total Pages: 39
ISBN-13:
DOWNLOAD EBOOKIn recent years the term quot;fear of floatingquot; has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this quot;fear of appreciationquot; has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.
Author: Irving Fisher
Publisher: Sagwan Press
Published: 2018-02-08
Total Pages: 126
ISBN-13: 9781377109947
DOWNLOAD EBOOKThis work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: IRVING. FISHER
Publisher:
Published: 2018
Total Pages: 0
ISBN-13: 9781033306635
DOWNLOAD EBOOKAuthor: Irving Fisher
Publisher: Andesite Press
Published: 2015-08-09
Total Pages: 134
ISBN-13: 9781297623509
DOWNLOAD EBOOKThis work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Irving 1867-1947 Fisher
Publisher:
Published: 2016-08-24
Total Pages: 132
ISBN-13: 9781360410975
DOWNLOAD EBOOKAuthor: Irving Fisher
Publisher: Nabu Press
Published: 2014-02
Total Pages: 134
ISBN-13: 9781294724025
DOWNLOAD EBOOKThis is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ++++ The below data was compiled from various identification fields in the bibliographic record of this title. This data is provided as an additional tool in helping to ensure edition identification: ++++ Appreciation And Interest: A Study Of The Influence Of Monetary Appreciation And Depreciation On The Rate Of Interest With Applications To The Bimetallic Controversy And The Theory Of Interest; Publications Of The American Economic Association Irving Fisher Pub. for the American economic association by the Macmillan company, 1896 Business & Economics; Money & Monetary Policy; Bimetallism; Business & Economics / Money & Monetary Policy; Interest; Usury
Author: Eduardo Levy-Yeyati
Publisher: World Bank Publications
Published: 2012
Total Pages: 39
ISBN-13:
DOWNLOAD EBOOKIn recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this "fear of appreciation" has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.