Money, Capital, & Fluctuations

Money, Capital, & Fluctuations
Author: F.A. Hayek
Publisher: University of Chicago Press
Total Pages: 209
Release: 2018-12-22
Genre: Business & Economics
ISBN: 0226321274

PREFACE AND ACKNOWLEDGMENTS EDITOR'S INTRODUCTION INTRODUCTION 1. THE MONETARY POLICY OF THE UNITED STATES AFTER THE RECOVERY FROM THE 1920 CRISIS (1925) 2. SOME REMARKS ON THE PROBLEM OF IMPUTATION (1926) 3. ON THE PROBLEM OF THE THEORY OF INTEREST (1927) 4. INTERTEMPORAL PRICE EQUILIBRIUM AND MOVEMENTS IN THE VALUE OF MONEY (1928) 5. THE FATE OF THE GOLD STANDARD (1932) 6. CAPITAL CONSUMPTION (1932) 7. ON 'NEUTRAL MONEY' (1933) 8. TECHNICAL PROGRESS AND EXCESS CAPACITY (1936) Two reviews MARGINAL UTILITY AND ECONOMIC CALCULATION (1925) THE EXCHANGE VALUE OF MONEY (1929) NAME INDEX

Money, Capital, and Exchange Rate Fluctuations

Money, Capital, and Exchange Rate Fluctuations
Author: Gomis-Porqueras, Pere
Publisher:
Total Pages: 0
Release: 2013
Genre:
ISBN:

We explore how the informational frictions underlying monetary exchange affect international exchange rate dynamics. Our perfectly flexible price model is capable of producing endogenously rigid international relative prices in response to technology and monetary shocks. The model is capable of accounting for the empirical regularities that the real and nominal exchange rates are more volatile than U.S. output, and that the two are positively and perfectly correlated. The model is also consistent with other standard real business cycle facts for the United States.

Money and Capital Markets

Money and Capital Markets
Author: Peter S. Rose
Publisher: Business Publications, Incorporated
Total Pages: 904
Release: 1986
Genre: Business & Economics
ISBN: 9780256034349

Seasonal Variations in the Relative Demand for Money and Capital in the United States: A Statistical Study

Seasonal Variations in the Relative Demand for Money and Capital in the United States: A Statistical Study
Author: Edwin Walter Kemmerer
Publisher: Sagwan Press
Total Pages: 536
Release: 2018-02-09
Genre: History
ISBN: 9781377232522

This 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.

Do Central Banks Need Capital?

Do Central Banks Need Capital?
Author: Mr.Peter Stella
Publisher: International Monetary Fund
Total Pages: 40
Release: 1997-07-01
Genre: Business & Economics
ISBN: 1451850506

Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank’s operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument.

Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence

Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence
Author: Minsuk Kim
Publisher: International Monetary Fund
Total Pages: 42
Release: 2019-08-02
Genre: Business & Economics
ISBN: 1513508970

This paper examines how financial development influences the debt dollarization of nonfinancial firms in a sample of emerging market economies (EMEs). The macroeconomic channels are identified from an optimal portfolio allocation model and assessed empirically using the accounting information of nonfinancial firms from 21 EMEs during 2009–2017. The results show that financial development, measured by the private credit-to-GDP ratio, mainly reduces the influence of exchange rate volatility in determining a firm's debt currency composition, among other channels. Furthermore, the effect of exchange rate volatility becomes statistically insignificant beyond an estimated threshold credit-to-GDP ratio of 100 percent.