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Author | : A. Blundell-Wignall |
Publisher | : |
Total Pages | : 60 |
Release | : 1990 |
Genre | : Foreign exchange |
ISBN | : |
Download Exchange Rate Policy in Advanced Commodity-exporting Countries Book in PDF, ePub and Kindle
Author | : Adrian Blundell-Wignall |
Publisher | : |
Total Pages | : 53 |
Release | : 1990 |
Genre | : |
ISBN | : |
Download Exchange rate policy in advanced commodity-exporting countries Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1990 |
Genre | : |
ISBN | : |
Download Exchange Rate Policy in Advanced Commodity-Exporting Countries Book in PDF, ePub and Kindle
Author | : Gustavo Adler |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2011-12-01 |
Genre | : Business & Economics |
ISBN | : 1463926642 |
Download Commodity Price Cycles Book in PDF, ePub and Kindle
Commodity-exporting countries have significantly benefited from the commodity price boom of recent years. At the current juncture, however, uncertain global economic prospects have raised questions about their vulnerability to a sharp fall in commodity prices and the policies that can shield it from such a shock. To address these questions, this paper takes a long term (4 decade) view at emerging markets' commodity dependence, the history of commodity price busts and the role of policies in mitigating or amplifying their economic impact. The paper highlights the stark difference in trends between Latin America - one of the most vulnerable regions given its high, and rising, commodity dependence - and emerging Asia - which has evolved from being a net exporter to a net importer of commodities in the last 40 years. We find evidence, however, that while commodity dependence is an important ingredient, a country's ultimate degree of vulnerability to commodity price shocks is to a great extent determined by the flexibility and quality of its policy framework. Policies in the run-up of sharp terms-of-trade drops - especially when those are preceded by booms - play a particularly important role. Limited exchange rate flexibility, a weak external position, and loose fiscal policy tend to amplify the negative effects of these shocks on domestic output. Financial dollarization also appears to act as a shock "amplifier."
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 406 |
Release | : 1990-09-15 |
Genre | : Business & Economics |
ISBN | : |
Download Choosing an Exchange Rate Regime Book in PDF, ePub and Kindle
Contiene: Introduction; Choice of exchange rate regime for a smaller economy: a survey of some key issues; Financial market integration and exchange rate policy; Exchange rate experiences of small EMS countries: Belgium, Denmark, and the Netherlands; Exchange rate policy, inflation, and unemployment: the Nordic EFTA countries; Exchange rate policy in advanced commodity-exporting countries: Australia and New Zealand; Credibility and asymmetries in the EMS; Fiscal contraints of a fixed exchange rate regime; Postscript: exchange rate policy in Canada.
Author | : William Liefert |
Publisher | : DIANE Publishing |
Total Pages | : 33 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 1437921558 |
Download The Transmission of Exchange Rate Changes to Agricultural Prices Book in PDF, ePub and Kindle
Movements in exchange rates can change the prices of goods faced by producers and consumers and thereby affect incentives to produce, consume, and trade goods. Exchange rate changes, however, might not be completely transmitted (passed through) to domestic prices. Price and exchange rate transmission for ag. products is low in most developing economies, partly because of trade policies but also because of inadequate infrastructure and other market deficiencies. During the last 20 years, developed and developing countries have moved away from support policies that impede price and exchange rate transmission toward trade policies that allow transmission, such as tariffs. However, market deficiencies remain as a cause of incomplete transmission. Illus.
Author | : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on International Trade, Investment and Monetary Policy |
Publisher | : |
Total Pages | : 128 |
Release | : 1975 |
Genre | : Commodity control |
ISBN | : |
Download International Commodity Policy Book in PDF, ePub and Kindle
Author | : Tara Iyer |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2017-07-10 |
Genre | : Business & Economics |
ISBN | : 148430893X |
Download Exchange Rate Choices with Inflexible Markets and Costly Price Adjustments Book in PDF, ePub and Kindle
This paper analyzes the appropriate choice of an exchange rate regime in agricultural commodity-exporting economies. In an open economy model that incorporates key structural characteristics of agricultural commodity exporters including dual labor markets, the benefits of exchange rate flexibility are shown to depend on the extent of labor and product market development. With developed markets, flexible exchange rates are preferred as they allow for greater relative price fluctuations, which amplify the transmission mechanism of labor reallocation upon commodity price volatility. When labor and product markets are not welldeveloped, however, international relative price adjustments exacerbate currency and factor misalignments. A nominal exchange rate peg, by mitigating relative wage and price fluctuations, increases welfare relative to a float. Given the current low level of labor and product market development across most agricultural commodity exporters, the study provides a counterpoint to conventional arguments in favor of flexible exchange rates and a rationale as to why exchange rate targeting is appropriate in agricultural economies.
Author | : Chamber of Commerce of the United States of America. Committee on Economic Policy |
Publisher | : |
Total Pages | : 64 |
Release | : 1963 |
Genre | : Commodity control |
ISBN | : |
Download Commodity Agreements Book in PDF, ePub and Kindle
Author | : Nicola Spatafora |
Publisher | : International Monetary Fund |
Total Pages | : 28 |
Release | : 2003-05 |
Genre | : Business & Economics |
ISBN | : |
Download The Equilibrium Real Exchange Rate in a Commodity Exporting Country Book in PDF, ePub and Kindle
Questions about external competitiveness, exchange rate misalignment, and the appropriate exchange rate policy feature prominently in the Russian policy debate. This paper furthers the debate by estimating empirically Russia's equilibrium real exchange rate (ERER)-that is, the rate consistent with the long-run economic fundamentals-and sheds light on the extent to which exchange rate policy should be changed. The paper confirms that the ERER reflects both productivity and the terms of trade. It suggests that Russia should target a significant medium-term current account deterioration and a real appreciation perhaps exceeding 10 percent. However, this latter number remains very sensitive to the assumed long-run oil prices.