Currency Bands Target Zones And Price Flexibility
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Author | : G.M. Grossman |
Publisher | : Elsevier |
Total Pages | : 904 |
Release | : 1995-12-13 |
Genre | : Business & Economics |
ISBN | : 9780444815477 |
This reference accords recognition to the recent revolution in macroeconomics wrought by imperfect competition. Grossman and Rogoff (Princeton U.) present chapters by two dozen contributors on two prime areas of research interest: international trade theory and policy (e.g. strategic trade patterns and policies, the relationship between trade and technological progress), and open economy macroeconomics and international finance (covering such topics as exchange rates, foreign lending, and policy coordination). The volume commences with Krugman's overview of the positive theory of international trade, and concludes with analyses of sovereign debt. Annotation copyrighted by Book News, Inc., Portland, OR.
Author | : Paul Krugman |
Publisher | : Cambridge University Press |
Total Pages | : 274 |
Release | : 1992-10-22 |
Genre | : Business & Economics |
ISBN | : 9780521435260 |
This volume examines the intersection between a new analytical approach and a real economic problem.
Author | : Mr.Marcus Miller |
Publisher | : International Monetary Fund |
Total Pages | : 42 |
Release | : 1990-02-01 |
Genre | : Business & Economics |
ISBN | : 1451928858 |
Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those which emerge from a simple monetary model subject to velocity shocks. The effects of a realignment of the Band, and of fiscal policy used in conjunction with monetary policy to defend the band, are also examined.
Author | : Leonardo Leiderman |
Publisher | : Cambridge University Press |
Total Pages | : 400 |
Release | : 1994-07-14 |
Genre | : Business & Economics |
ISBN | : 9780521454384 |
This edited volume examines capital mobility in both industrialised and developing countries.
Author | : John Williamson |
Publisher | : Peterson Institute |
Total Pages | : 204 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780881322316 |
This study examines in detail the experiences of three countries that have in recent years operated exchange rate systems of "crawling bands," similar in spirit to the target zones that the author has recommended in the past. Williamson compares the succcessful experiences of 3 countries that have operated crawling bands with 15 similar countries and concludes that the crawling band exchange-rate policy has been an important element in their success. The study includes a manual for managing crawling bands.
Author | : Ronald Winthrop Jones |
Publisher | : Elsevier |
Total Pages | : 896 |
Release | : 1984 |
Genre | : Business & Economics |
ISBN | : 0444828648 |
"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information
Author | : Lucio Sarno |
Publisher | : Cambridge University Press |
Total Pages | : 334 |
Release | : 2003-01-09 |
Genre | : Business & Economics |
ISBN | : 1139435043 |
In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating the large amount of empirical work on exchange rates in this period. Nonetheless, while our understanding of exchange rates has significantly improved, a number of challenges and open questions remain in the exchange rate debate, enhanced by events including the launch of the Euro and the large number of recent currency crises. This volume provides a selective coverage of the literature on exchange rates, focusing on developments from within the last fifteen years. Clear explanations of theories are offered, alongside an appraisal of the literature and suggestions for further research and analysis.
Author | : John Eatwell |
Publisher | : Springer |
Total Pages | : 869 |
Release | : 1992-10-14 |
Genre | : Business & Economics |
ISBN | : 1349117218 |
The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.
Author | : Victor Argy |
Publisher | : Routledge |
Total Pages | : 678 |
Release | : 2013-01-11 |
Genre | : Business & Economics |
ISBN | : 1134961766 |
International Macroeconomics: Theory and Policy offers phenomenal coverage across the entire subject of international macroeconoimics in an open economy context. The book has four objectives: * to describe the evolution of and experiences with global exchange rate regimes * to introduce the reader to a rigorous analysis of open economy models * to apply the model framework to address key policy issues * to review individual country experiences of macro policy
Author | : Barry Goss |
Publisher | : Routledge |
Total Pages | : 190 |
Release | : 2013-05-13 |
Genre | : Business & Economics |
ISBN | : 1135639434 |
This volume presents an entirely new analysis of the economics of futures markets, that will be of interest to both specialists in the area and the generalist economist seeking a new perspective. Through a combination of theoretical investigation and empirical application, three important themes are explored: the gains from futures trading and the efforts of emerging markets to reap these benefits; rationality and rival hypotheses of trader behaviour, such as noise trading; and the effect of regulatory tools on price formation.