An Occasional Paper from International Currency Review
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1991 |
Genre | : Europe |
ISBN | : |
Download An Occasional Paper from International Currency Review Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download An Occasional Paper From International Currency Review PDF full book. Access full book title An Occasional Paper From International Currency Review.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1991 |
Genre | : Europe |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 198? |
Genre | : Foreign exchange |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 19?? |
Genre | : Currency question |
ISBN | : |
Author | : Camila Casas |
Publisher | : International Monetary Fund |
Total Pages | : 62 |
Release | : 2017-11-22 |
Genre | : Business & Economics |
ISBN | : 1484330609 |
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
Author | : |
Publisher | : |
Total Pages | : 604 |
Release | : 1995 |
Genre | : Currency question |
ISBN | : |
Author | : Mr.George S. Tavlas |
Publisher | : International Monetary Fund |
Total Pages | : 61 |
Release | : 1991-01-01 |
Genre | : Business & Economics |
ISBN | : 1451930992 |
The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.
Author | : Luciana Juvenal |
Publisher | : International Monetary Fund |
Total Pages | : 67 |
Release | : 2019-12-27 |
Genre | : Business & Economics |
ISBN | : 1513525379 |
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods. The paper illustrates current and new uses of these data, with particular focus on the evolution of currency exposures of cross-border positions.
Author | : Mr.Charles Enoch |
Publisher | : International Monetary Fund |
Total Pages | : 68 |
Release | : 1997-09-05 |
Genre | : Business & Economics |
ISBN | : 9781557756688 |
This paper provides a comprehensive analysis of the attractions and disadvantages of currency board arrangements in their various institutional configurations. It asks what defines a currency board arrangement, what are their strengths and weaknesses, and what constraints they place on macroeconomic policies. It also reviews country experiences with these arrangements.
Author | : Ronald MacDonald |
Publisher | : Routledge |
Total Pages | : 465 |
Release | : 2007-03-12 |
Genre | : Business & Economics |
ISBN | : 1134801254 |
First published in 2007. Exchange Rate Economics: Theories and Evidence is the second edition of Floating Exchange Rates: Theories and Evidence, and builds on the successful content and structure of the previous edition, but has been comprehensively updated and expanded to include additional literature on the determination of both fixed and floating exchange rates. Core topics covered include: • the purchasing power parity hypothesis and the PPP puzzle; • the monetary and portfolio-balance approaches to exchange rates; • the new open economy macroeconomics approach to exchange rates; and • the determination of exchange rates in target zone models and speculative attack models. Exchange Rate Economics: Theories and Evidence also includes extensive discussion of recent econometric work on exchange rates with a particular focus on equilibrium exchange rates and measuring exchange rate misalignment, as well as discussion on the non-fundamentals-based approaches to exchange rate behaviour, such as the market microstructure approach. The book will appeal to academics and postgraduate students with an interest in all aspects of international finance and will also be of interest to practitioners concerned with issues relating to equilibrium exchange rates and the forecastability of currencies in terms of macroeconomic fundamentals.
Author | : International Monetary Fund. Independent Evaluation Office |
Publisher | : International Monetary Fund |
Total Pages | : 114 |
Release | : 2005-08-09 |
Genre | : Business & Economics |
ISBN | : 1589064151 |
Drawing on evidence from a sample of emerging market economies over the period 1990-2004, this evaluation report reviews the IMF’s approach to capital account liberalization and related issues. The evaluation seeks to contribute to transparency by documenting what in practice has been the IMF's approach to these issues and to identify areas where the IMF’s instruments and operating methods might be improved, in order to deal with these issues more effectively.