Trade And Investment Performance Under Floating Exchange Rates PDF Download
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Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 1988-05-03 |
Genre | : Business & Economics |
ISBN | : 1451977700 |
Download Trade and Investment Performance Under Floating Exchange Rates Book in PDF, ePub and Kindle
Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured by either short-term volatility or long-run misalignment) on overall levels of international trade. In this paper, after reviewing the theories and evidence on this issue, we go on to consider the impact of exchange rate variability on direct foreign investment. We summarize and amplify upon the scant theoretical literature of this issue, and proceed to test U.S. data for the presence of such an impact. We find none.
Author | : Bahar Erdal |
Publisher | : Routledge |
Total Pages | : 150 |
Release | : 2017-05-18 |
Genre | : Business & Economics |
ISBN | : 1351801716 |
Download The Effects of Real Exchange Rate Volatility on Sectoral Investment Book in PDF, ePub and Kindle
Originally published in 1997. This study investigates what the effects of real exchange rate volatility are on sectorial investment in the fixed and flexible exchange rate systems. It lays out the results of research into the effects of the levels and volatility of real exchange rates on investment in the manufacturing sectors of the countries in the European Monetary System as well as of the countries in the flexible exchange rate system, with data from between 1973 and 1993. Examining the differences between the two systems in the results this book also looks at exchange rate effects on interest rates at the time.
Author | : United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on International Trade, Investment and Monetary Policy |
Publisher | : |
Total Pages | : 244 |
Release | : 1975 |
Genre | : Foreign exchange |
ISBN | : |
Download International Monetary Reform and Exchange Rate Management Book in PDF, ePub and Kindle
Author | : Mr. Aasim M. Husain |
Publisher | : International Monetary Fund |
Total Pages | : 86 |
Release | : 2003-12-01 |
Genre | : Business & Economics |
ISBN | : 145192044X |
Download Evolution and Performance of Exchange Rate Regimes Book in PDF, ePub and Kindle
Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 132 |
Release | : 2004-05-19 |
Genre | : Business & Economics |
ISBN | : 1498330282 |
Download Exchange Rate Volatility and Trade Flows--Some New Evidence Book in PDF, ePub and Kindle
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Author | : Jacques R. Artus |
Publisher | : |
Total Pages | : 52 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Download Floating Exchange Rates and the Need for Surveillance Book in PDF, ePub and Kindle
Author | : Ronald MacDonald |
Publisher | : Routledge |
Total Pages | : 334 |
Release | : 2005 |
Genre | : Foreign exchange |
ISBN | : 1134838220 |
Download Exchange Rate Economics Book in PDF, ePub and Kindle
''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""
Author | : Bank of Canada |
Publisher | : |
Total Pages | : 429 |
Release | : 2000 |
Genre | : Foreign exchange |
ISBN | : 9780660186221 |
Download Revisiting the Case for Flexible Exchange Rates Book in PDF, ePub and Kindle
Author | : Steve Brito |
Publisher | : International Monetary Fund |
Total Pages | : 21 |
Release | : 2018-05-10 |
Genre | : Business & Economics |
ISBN | : 1484356349 |
Download Real Exchange Rates, Economic Complexity, and Investment Book in PDF, ePub and Kindle
We show that the response of firm-level investment to real exchange rate movements varies depending on the production structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency weakens, in line with the traditional Mundell-Fleming model. However, in other emerging market and developing economies, as well as some advanced economies with a low degree of structural economic complexity, corporate investment increases when the domestic currency strengthens. This result is consistent with Diaz Alejandro (1963)—in economies where capital goods are mostly imported, a stronger real exchange rate reduces investment costs for domestic firms.
Author | : Joseph E. Gagnon |
Publisher | : Peterson Institute |
Total Pages | : 301 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 0881326356 |
Download Flexible Exchange Rates for a Stable World Economy Book in PDF, ePub and Kindle
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.