Currencies, Commodities and Consumption

Currencies, Commodities and Consumption
Author: Kenneth W. Clements
Publisher: Cambridge University Press
Total Pages: 401
Release: 2013-01-31
Genre: Business & Economics
ISBN: 110701476X

Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.

Exchange Rates and International Financial Economics

Exchange Rates and International Financial Economics
Author: J. Kallianiotis
Publisher: Springer
Total Pages: 333
Release: 2013-10-02
Genre: Business & Economics
ISBN: 1137318880

The recent financial crisis has troubled the US, Europe, and beyond, and is indicative of the integrated world in which we live. Today, transactions take place with the use of foreign currencies, and their values affect the nations' economies and their citizens' welfare. Exchange Rates and International Financial Economics provides readers with the historic, theoretical, and practical knowledge of these relative prices among currencies. While much of the previous work on the topic has been simply descriptive or theoretical, Kallianiotis gives a unique and intimate understanding of international exchange rates and their place in an increasingly globalized world.

Flexible Exchange Rates for a Stable World Economy

Flexible Exchange Rates for a Stable World Economy
Author: Joseph E. Gagnon
Publisher: Peterson Institute
Total Pages: 301
Release: 2011
Genre: Business & Economics
ISBN: 0881326356

Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.

Exchange Rate Economics

Exchange Rate Economics
Author: Ronald MacDonald
Publisher: Routledge
Total Pages: 334
Release: 2005
Genre: Foreign exchange
ISBN: 1134838220

''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""

Exchange Rate Misalignment

Exchange Rate Misalignment
Author: Lawrence E. Hinkle
Publisher: World Bank Publications
Total Pages: 638
Release: 1999
Genre: Business & Economics
ISBN: 019521126X

The study cautiously identifies exchange rate misalignment as an important element in most of the exchange rate crises that plagued the developing world during the last decade. Given that the increasing integration of world capital markets, has escalated the costs of such crises, a broad consensus emerged in recent years, that the overriding objective of exchange rate policy in developing countries, should be to avoid episodes of prolonged, and substantial misalignment, i.e., situations in which the actual real exchange rate differs significantly from its long-run equilibrium value. It was the Bank's involvement in one such misalignment episode, that eventually led to this book. Following an overview on the concepts and measurement of exchange rate misalignment, its impact on the purchasing power parity, and the relationship between the external real exchange rate (RER), and the two-good internal RER for tradables non-tradables, the study presents methodologies - empirical applications - for estimating the RER equilibrium. The study reaches an optimistic conclusion - that enough is known to identify cases of misalignment, and be able to sound clear warning signals. The implication for exchange rate policy is that ignorance about the empirical value of the equilibrium exchange rate, cannot be used to clinch arguments for extreme exchange arrangements, such as clean floats, currency boards, and "dollarization."

The Theory And Empirics Of Exchange Rates

The Theory And Empirics Of Exchange Rates
Author: Imad A Moosa
Publisher: World Scientific
Total Pages: 512
Release: 2009-07-15
Genre: Business & Economics
ISBN: 9814468509

Exchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research.

British Historical Statistics

British Historical Statistics
Author: B. R. Mitchell
Publisher: CUP Archive
Total Pages: 912
Release: 1988-09-08
Genre: Business & Economics
ISBN: 9780521330084

This 1988 reference book provides the major economic and social statistical series for the British Isles from the twelfth century up until 1980-81. The text provides informed access to a wide range of economic data, without the labour of identifying sources or of transforming many different annual sources into a comparable time series.

International Investments in Private Equity

International Investments in Private Equity
Author: Peter Klaus Cornelius
Publisher: Academic Press
Total Pages: 329
Release: 2011-02-17
Genre: Business & Economics
ISBN: 0123785820

How can private equity investors exploit investment opportunities in foreign markets? Peter Cornelius uses a proprietary database to investigate and describe private equity markets worldwide, revealing their levels of integration, their risks, and the ways that investors can mitigate those risks. In three major sections that concentrate on the risk and return profile of private equity, the growth dynamics of discrete markets and geographies, and opportunities for private equity investments, he offers hard-to-find analyses that fill knowledge gaps about foreign markets. Observing that despite the progressive dismantling of barriers investors are still home-biased, he demonstrates that a methodical approach to understanding foreign private equity markets can take advantage of the macroeconomic and structural factors that drive supply and demand dynamics in individual markets. - Foreword by Josh Lerner - Teaches readers how to investigate and analyze foreign private equity markets - Forecasts private equity investment opportunities via macroeconomic and structural factors in individual markets - Draws on data from a proprietary database covering 250 buyout and VC funds and 7,000 portfolio companies