Essays On International Finance PDF Download
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Author | : Barry Eichengreen |
Publisher | : Cambridge University Press |
Total Pages | : 356 |
Release | : 1990 |
Genre | : Business & Economics |
ISBN | : 9780521448475 |
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A new interpretation of the operation and macroeconomic repercussions of the international monetary system during the interwar years.
Author | : Graham Bird |
Publisher | : Springer |
Total Pages | : 308 |
Release | : 1988-05-24 |
Genre | : Business & Economics |
ISBN | : 1349095885 |
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This collection of articles and papers has been organised under a limited number of specific themes in international financial economics, including balance of payment theory and policy, the activities of the IMF, Special Drawing Rights, the role of the private financial markets, and the international economic order. A unifying theme running through all the essays is that some degree of management of international financial affairs is desirable. The book has a strong policy orientation and should be of interest to students and practitioners of international financial economics alike.
Author | : Princeton University (PRINCETON, N.J.). Department of Economics and Sociology. International Finance Section |
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Total Pages | : |
Release | : 1943 |
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Download Essays in International Finance. no. 2 [etc.]. Book in PDF, ePub and Kindle
Author | : Mr.Peter Isard |
Publisher | : International Monetary Fund |
Total Pages | : 304 |
Release | : 2000-01-24 |
Genre | : Business & Economics |
ISBN | : 9781557758347 |
Download International Finance and Financial Crises Book in PDF, ePub and Kindle
This book contains the proceedings of a conference held in honor of Robert P. Flood Jr. Contributors to the conference were invited to address many of the topics that Robert Flood has explored including regime switching, speculative attacks, bubbles, stock market voloatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. The results, contained in this volume, include five papers on topics in international finance.
Author | : Peter B Kenen |
Publisher | : Routledge |
Total Pages | : 405 |
Release | : 2019-09-06 |
Genre | : Political Science |
ISBN | : 1000230724 |
Download The International Monetary System Book in PDF, ePub and Kindle
For 50 years, the International Finance Section at Princeton University has encouraged and published work in international finance. This volume, a semicentennial celebration of the Section's essays in international finance, is comprised of 12 essays.
Author | : Michael D. Bordo |
Publisher | : University of Chicago Press |
Total Pages | : 288 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226066894 |
Download Money, History, and International Finance Book in PDF, ePub and Kindle
This volume provides a critical evaluation of Anna J. Schwartz's work and probes various facets of the immense contribution of her scholarship—How well has it stood the test of time? What critiques have been leveled against it? How has monetary research developed over the years, and how has her influence been manifested? Bordo has collected five conference papers presented by leading monetary scholars, discussants' comments, and closing remarks by Milton Friedman and Karl Brunner. Each of these insightful surveys extends Schwartz's work and makes its own contribution to the fields of monetary history, theory, and policy. The volume also contains a foreword by Martin Feldstein and a selected bibliography of publications by Anna Schwartz.
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Total Pages | : |
Release | : 1943 |
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Author | : Charles E. Dumas |
Publisher | : |
Total Pages | : 36 |
Release | : 1983 |
Genre | : Africa, Sub-Saharan |
ISBN | : |
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Author | : Princeton University. International Finance Section |
Publisher | : |
Total Pages | : |
Release | : 1943 |
Genre | : |
ISBN | : |
Download Essays in international finance Book in PDF, ePub and Kindle
Author | : Byong-Ju Lee |
Publisher | : Stanford University |
Total Pages | : 132 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download Three Essays in International Finance Book in PDF, ePub and Kindle
This thesis consists of three essays on international finance. The first essay is "Exchange rates and Fundamentals". A new open interest rate parity condition that takes account of economic fundamentals is developed from stochastic discount factors (SDFs) of two countries. Through this parity condition, business cycles or fundamentals are linked to exchange rates. Key empirical findings from this parity condition are as follows. First, this model beats the random walk hypothesis: economic fundamentals explain exchange rate movements for high interest rate currencies. Exchange rates of low interest rate currencies act like a random walk because they are less correlated with fundamentals owing to their low risk. For example, U.S. business cycles explain the direction of changes in exchange rates against the dollar. The same thing is true for Japan. Second, this model resolves the forward premium puzzle: the forward premium puzzle is not a general characteristic as regarded in previous studies. It happens when the risk awareness of investors is low, during economic expansions and for low risk currencies. The second essay is "Carry Trade and Global Financial Instability". Carry trade, an opportunistic investment strategy that takes advantage of interest rate differential across countries, is identified the cause of the large-scale depreciations of peripheral currencies in the later half of 2008. A simultaneous equations model, which is derived from a conceptual partial equilibrium model for a local foreign exchange market, is estimated from a cross-sectional sample. The results suggest that the larger appreciation of the yen than the dollar was brought about by a lack of the local supply of the yen rather than a more severe crunch of yen credits. The third essay is "The Economic Origin of Letters of Credit". This essay discusses the economic origin of letters of credit, an instrument widely used in international trade. A game theoretical analysis shows that letters of credit improve efficiency in trade settlements, increasing returns in trade. A few notable facts on letters of credit are discussed. First, the new institution is adopted by merchant banks to maximize their profits and in the process, an improvement in efficiency of international transactions is obtained. Second, the organization established by the legacy institution, bills of exchange, played a critical role in adopting the new institution. Third, the legal enforcement is not essential in this economic institution. Finally, two drivers are identified that improve efficiency of transactions: concentration and projection.