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Is the Exchange Rate a Shock Absorber? the Case of Sweden

Is the Exchange Rate a Shock Absorber? the Case of Sweden
Author: Mr.Alun H. Thomas
Publisher: International Monetary Fund
Total Pages: 23
Release: 1997-12-01
Genre: Business & Economics
ISBN: 145197549X

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This paper uses a structural vector autoregression representation of the Mundell-Flemming model to analyze the determinants of movements in Sweden’s real exchange rate. It finds that, while (supply and demand) shocks account for over 60 percent of the forecast error variance, comparable to several Economic and Monetary Union (EMU) countries, demand shocks account for a higher fraction of these real shocks in Sweden than in those core countries. If real demand shocks result from controllable macroeconomic policies, the cost of relinquishing the exchange rate is no higher, and may be lower, for Sweden than for most core EMU countries.


OECD Economic Surveys: Sweden 1999

OECD Economic Surveys: Sweden 1999
Author: OECD
Publisher: OECD Publishing
Total Pages: 177
Release: 1999-08-12
Genre:
ISBN: 9264167358

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This 1999 edition of OECD's periodic review of Sweden's economy examines recent economic developments, policies and prospect and includes special features on structural reform and on the tax and transfer system.


Research Activities of the IMF, January 1991-December 1999

Research Activities of the IMF, January 1991-December 1999
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 144
Release: 2000-01-01
Genre: Business & Economics
ISBN: 9781557759801

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Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.


Adjusting to EMU

Adjusting to EMU
Author: B. Ardy
Publisher: Springer
Total Pages: 346
Release: 2005-11-01
Genre: Business & Economics
ISBN: 0230554741

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This book provides an original and wide-ranging analysis of the impact of Economic and Monetary Union (EMU) on economic governance in the EU and in several key Member States within and outside the Euro area. Its emphasis is on adaptation: how EMU encourages change in national and EU institutions and in national economic regimes. It brings together economic, political science and legal perspectives to explain how national economies adapted, the dynamics of policy-making and the complex web of laws, processes and actors in the EMU.


Research Activities of the IMF, January 1991-December 1998

Research Activities of the IMF, January 1991-December 1998
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 124
Release: 1999-09-24
Genre: Business & Economics
ISBN: 9781557758606

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A selective index of major research papers prepared by IMF staff in 1991-98.


Spatial Dynamics of European Integration

Spatial Dynamics of European Integration
Author: Manfred M. Fischer
Publisher: Springer Science & Business Media
Total Pages: 375
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642601804

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Although it is agreed that the dual development of monetary integration and territorial enlargement are likely to generate profound effects on European spatial structure, in both West and East, much uncertainty centres around the question of what changes will be brought about. This book furthers our economic understanding of the opportunities and challenges offered by these developments. The emphasis is primarily on the economic agenda associated with European integration. Part A reviews the debate on European monetary unification. Economic integration raises many issues, one which is dealt in depth is the issue of convergence versus divergence. Part B centres around the dynamics of cohesion in the EU and the associated regional policies, reflecting on experience from the past and challenges for the future. Part C sheds some light on the complexities of transition and integration of Central and Eastern European countries, the second major challenge being faced by the EU at the turn of the century.


Scotland Analysis

Scotland Analysis
Author: Great Britain: H.M. Treasury
Publisher: The Stationery Office
Total Pages: 124
Release: 2013-04-23
Genre: Political Science
ISBN: 9780101859424

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The UK Government is undertaking a major cross-government programme of analysis prior to the referendum on Scottish independence in 2014. The aim is to provide a comprehensive and detailed analysis of Scotland's place in the UK. This paper examines how Scotland might arrange its currency and wider macroeconomic framework. It reviews the current UK arrangements and examines the options for change. In the event of a vote for independence Scotland would have to establish its own institutional framework, and the current system of risk-sharing would end. An independent Scottish state would have four main currency options: continue to use sterling with a formal agreement with the continuing UK (a sterling currency union); use sterling unilaterally with no formal agreement ('sterlingisation'); join the euro; or introduce a new Scottish currency. This paper examines all these options and concludes that all of them would be less likely to be economically suitable for both Scotland and the rest of the UK.


Sweden, Selected Issues

Sweden, Selected Issues
Author:
Publisher:
Total Pages: 116
Release: 1997
Genre: Sweden
ISBN:

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Exchange Rate Economics

Exchange Rate Economics
Author: Ronald MacDonald
Publisher: Routledge
Total Pages: 334
Release: 2005
Genre: Foreign exchange
ISBN: 1134838220

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''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""