Exchange-rate Management in Theory and Practice
Author: Victor E. Argy
Publisher:
Published: 1982
Total Pages: 374
ISBN-13:
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Author: Victor E. Argy
Publisher:
Published: 1982
Total Pages: 374
ISBN-13:
DOWNLOAD EBOOKAuthor: John F. Bilson
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 542
ISBN-13: 0226050998
DOWNLOAD EBOOKThis volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Author: Victor Argy
Publisher:
Published: 1982
Total Pages: 120
ISBN-13: 9780858011151
DOWNLOAD EBOOKAuthor: Keith Pilbeam
Publisher: Springer
Published: 1991-06-18
Total Pages: 233
ISBN-13: 1349117447
DOWNLOAD EBOOKAn examination of the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction between sterilized and non-sterilized intervention.
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.
Author: Yakov Amihud
Publisher: Beard Books
Published: 2003
Total Pages: 268
ISBN-13: 9781587981593
DOWNLOAD EBOOKThis is a reprint of a previously published book. It consists of a series of papers by experts in the field on how the exchange rate volatility of the 1980s affected the financial policies of international firms.
Author: William H. Branson
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 396
ISBN-13: 0226071383
DOWNLOAD EBOOKSince the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
Author: Silke Fabian
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 175
ISBN-13: 3642500293
DOWNLOAD EBOOKWith the breakdown of the Bretton Woods System and the begin of floating between the major currencies, central banks have been formally freed from their obligations to defend the fixed parities of bilateral exchange rates. Nev ertheless, since then there have been countless occasions on which monetary authorities have officially intervened in the foreign exchange market. More over, numerous studies indicate that exchange rates have been much more variable than originally anticipated - in real and in nominal, as well as in short run and longer run measures (see for example Hesse and Braasch [1989] and Marston [1988]). Through the experience of high real sector costs, the topic of optimal exchange rate management soon reentered policy discussions. The term exchange rate management encompasses both the choice of ex change rate regime as well as active intervention policies within the given 1 system. Much of the recent policy discussion has focussed on the first issue, in particular proposals of how to reform the present international monetary order. And new systems such as the European Monetary System (EMS) have emerged for subgroups of countries. However, the question of finding the optimal system has not yet been resolved.
Author: Victor Argy (économiste).)
Publisher:
Published: 1982
Total Pages: 92
ISBN-13:
DOWNLOAD EBOOKAuthor: Takatoshi Ito
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 466
ISBN-13: 0226386937
DOWNLOAD EBOOKThe exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.