Currency Boards in Retrospect and Prospect

Currency Boards in Retrospect and Prospect
Author: Holger C. Wolf
Publisher: MIT Press
Total Pages: 279
Release: 2008
Genre: Business & Economics
ISBN: 0262232650

Employing economic theory, cross-country empirical comparison and case studies, this work analyses the effect of currency boards on inflation, output growth and macroeconomic performance. The case studies come from Argentina, Estonia Lithuania, Bulgaria and Bosnia and Herzegovina.

Money and Finance in Hong Kong

Money and Finance in Hong Kong
Author: Y. C. Jao
Publisher: World Scientific
Total Pages: 84
Release: 1998
Genre: Business & Economics
ISBN: 9789810234812

Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China.

Money And Finance In Hong Kong: Retrospect And Prospect

Money And Finance In Hong Kong: Retrospect And Prospect
Author: East Asian Institute
Publisher: World Scientific
Total Pages: 78
Release: 1998-05-13
Genre: Business & Economics
ISBN: 9814496154

Hong Kong's reunification with China on July 1, 1997 after 156 years of British rule was a historic event of worldwide significance. While the transition to Chinese sovereignty has so far been smoother than expected, there are lingering doubts concerning three interrelated issues: whether the Hong Kong dollar can continue to exist, whether the linked exchange rate can survive and whether Hong Kong can retain its role as an international financial centre. These issues are analyzed and discussed objectively in the first article of this book.The second article confines itself to the workings of the currency board. In addition, the future of the system after Hong Kong's historic reunification with China is briefly discussed.

Economic and Business issues in Retrospect and prospect

Economic and Business issues in Retrospect and prospect
Author: Kerem Gökten
Publisher: IJOPEC PUBLICATION
Total Pages: 452
Release: 2019-03-10
Genre: Business & Economics
ISBN: 1912503689

There is a strong view that economics is the academic discipline that best represents the claim of positive science among social sciences. Economics has undergone significant transformations after its emergence as a science. Despite all these transformations, the feature containing positive and normative elements has not changed. While economists from the political economy tradition focus on qualitative studies that relate to other social sciences, especially political science and history, a group of economists adopt the qualitative methods of natural sciences to analyze economic problems. There is a debate among economists on how to understand social reality and what kind of science the economy should be. Business is a discipline that has declared its relative independence from economics over time. Business is a research field that encompasses a wide range of areas ranging from organizational behavior of individuals to the firm’s production and marketing strategies. This book contains articles on essential topics related to these disciplines, which have an in- separable relationship between them. Academicians contributing to the book have produced works on current topics of discussion as well as key subjects that remain important in economics and management.

Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates
Author: Patrick A. Imam
Publisher: International Monetary Fund
Total Pages: 48
Release: 2010-01-01
Genre: Business & Economics
ISBN: 1451962002

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ability to better accommodate local preferences combined with a more integrated world economy probably explains why the benefits of independence have risen. We explain why microstates at independence have chosen either dollarization, currency board arrangements, or fixed exchange rates rather than more flexible forms of exchange rate systems. We then, using the Geweke-Hajvassiliou-Keane multivariate normal simulator, model empirically the determinants of each of the different fixed exchange rate regimes in microstates and analyze the policy implications.

Exchange Rate Regimes and the Stability of the International Monetary System

Exchange Rate Regimes and the Stability of the International Monetary System
Author: Mr.Atish R. Ghosh
Publisher: International Monetary Fund
Total Pages: 48
Release: 2011-03-15
Genre: Business & Economics
ISBN: 1589069315

The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and capital, and to sustain sound economic growth. The paper reviews the stability of the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external adjustment, trade integration, capital flows); and potential sources of stress to the international monetary system.

Exchange Rate Analysis in Support of IMF Surveillance

Exchange Rate Analysis in Support of IMF Surveillance
Author: Mr.Charalambos G. Tsangarides
Publisher: International Monetary Fund
Total Pages: 352
Release: 2008-09-08
Genre: Business & Economics
ISBN: 1589067282

Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. Each year, IMF staff produce dozens of studies on exchange rate issues, some published by the IMF, others in various professional journals or books. This book aims to give a flavor of the topics the IMF staff typically examine under the broad rubric of exchange rate analysis, encompassing several topics: determination and impact of the real exchange rate, assessing competitiveness and the equilibrium real exchange rate in specific countries or country groups, and considerations in the choice of exchange rate regime.

How Emerging Europe Came Through the 2008/09 Crisis

How Emerging Europe Came Through the 2008/09 Crisis
Author: Mr.Bas B. Bakker
Publisher: International Monetary Fund
Total Pages: 348
Release: 2012-08-25
Genre: Business & Economics
ISBN: 1475581866

Emerging Europe was particularly hard hit by the global financial crisis, but a concerted effort by local policymakers and the international community staved off impending financial meltdown and laid the foundations for renewed convergence with western Europe. This book, written by staff of the IMF's European Department that worked on the region at the time, provides a unique account of events: the origins of the crisis and the precrisis policy setting; the crisis trigger and the scramble to avoid the worst; the stabilization and recovery; the remaining challenges; and the lessons for the future. Five regional chapters provide the analytics to put events into perspective. Dedicated chapters for all 19 countries of the region dig deeper into the idiosyncrasies of each economy and provide extensive economic data. A final chapter distills the lessons from the overall regional experience and the wide intraregional diversity. Taken together, they make this book an indispensible reference for economic scholars of the region and beyond.

Diversity of Capitalism in Central and Eastern Europe

Diversity of Capitalism in Central and Eastern Europe
Author: Eric Magnin
Publisher: Springer Nature
Total Pages: 168
Release: 2022-07-13
Genre: Business & Economics
ISBN: 3031049500

This book explores the hypothesis of the emergence of a ‘dependent capitalism’ in Central and Eastern Europe. In a first theoretical part, this book presents the main approaches that structure the field of comparative capitalism and then examines this model shaped by the inflow of foreign capital. In an original way, it proposes to integrate the form of the monetary regime into the dependent capitalism analysis and to extend it to Balkan countries. The monetary regime is seen as complementary to the other elements of the institutional configuration of dependent capitalism. In the second part, the authors adopt a historical and empirical perspective. First, they demonstrate how dependent capitalism has emerged in Central and Eastern Europe and the Baltic States over the last 30 years as part of the process of socio-economic transformation that began in 1990. The crisis of 2008 was an indicator of this dependence on Western capital. Secondly, they extend the analysis to the Balkan countries and show that dependence is even stronger for them, particularly in the monetary area, as evidenced by the implementation of currency boards or euroization phenomena. This book is of interest to academics and students, as well as to business and economic policy makers.