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Author : United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher : Unknown
Page : 16 pages
File Size : 54,9 Mb
Release : 1973
Category : Foreign exchange rates
ISBN : UOM:39015082045967
Author : United States. Congress. Economic Joint Committee
Publisher : Unknown
Page : 20 pages
File Size : 49,5 Mb
Release : 1973
Category : Electronic
ISBN : STANFORD:36105045225468
Author : United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher : Unknown
Page : 10 pages
File Size : 51,8 Mb
Release : 1973
Category : Foreign exchange rates
ISBN : LCCN:73602698
Author : UNITED STATES JOINT ECONOMIC. COMMITTEE
Publisher : Unknown
Page : 0 pages
File Size : 49,9 Mb
Release : 2018
Category : Electronic
ISBN : 1033753890
Author : Jessica James,Ian Marsh,Lucio Sarno
Publisher : John Wiley & Sons
Page : 674 pages
File Size : 51,8 Mb
Release : 2012-05-29
Category : Business & Economics
ISBN : 9781118445778
Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: • Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. • Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models. • FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. • FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.
Author : United States. Congress. Economic Joint Committee
Publisher : Unknown
Page : 217 pages
File Size : 48,8 Mb
Release : 1973
Category : Electronic
ISBN : OCLC:81648199
Author : Mr.Ilhyock Shim,Sebnem Kalemli-Ozcan,Xiaoxi Liu
Publisher : INTERNATIONAL MONETARY FUND
Page : 40 pages
File Size : 52,8 Mb
Release : 2020-12-11
Category : Business & Economics
ISBN : 1513560948
We quantify the effect of exchange rate fluctuations on firm leverage. When home currency appreciates, firms who hold foreign currency debt and local currency assets observe higher net worth as appreciation lowers the value of their foreign currency debt. These firms can borrow more as a result and increase their leverage. When home currency depreciates, the reverse happens as firms have to de-lever with a negative shock to their balance sheets. Using firm-level data for leverage from 10 emerging market economies during the period from 2002 to 2015, we show that firms operating in countries whose non-financial sectors hold more of the debt in foreign currency, increase (decrease) their leverage relatively more after home currency appreciations (depreciations). Combining the leverage data with firm-level FX debt data for 4 emerging market countries, we further show that our results hold at the most granular level. Our quantitative results are asymmetric: the effects of depre-ciations, that are generally associated with sudden stops, are quantitatively larger than those of appreciations, which take place at a slower pace over time during capital inflow episodes. As our exercise compares depreciations and appreciations of similar size, these results are suggestive of financial frictions being more binding during depreciations than a possible relaxation of such frictions during appreciations.
Author : Mr.Joseph Gold
Publisher : International Monetary Fund
Page : 500 pages
File Size : 43,9 Mb
Release : 1990-03-15
Category : Business & Economics
ISBN : 9781475506921
This volume, by Joseph Gold, discusses some of the major letgal effects of fluctuating exchange rates in both public international law and national law. The problems and similarities in the solutions are reviewed, and the author recommends further developments in the law.
Author : Peter J. Quirk
Publisher : International Monetary Fund
Page : 58 pages
File Size : 40,9 Mb
Release : 1987-05-15
Category : Business & Economics
ISBN : UCSD:31822015452790
In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.
Author : United States. Congress. Joint Economic Committee. Subcommittee on International Economics
Publisher : Unknown
Page : 228 pages
File Size : 46,5 Mb
Release : 1973
Category : Foreign exchange
ISBN : STANFORD:36105045225476
Author : Ellen Foster
Publisher : Routledge
Page : 238 pages
File Size : 48,8 Mb
Release : 2017-04-21
Category : Business & Economics
ISBN : 9781351717052
Originally published in 1994. This work investigates seasonal fluctuations of US and British short term nominal interest rates, the dollar-sterling exchange rate and short term interest rate differentials between the US and Britain during the period 1883-1913. It finds that during the pre-World War Gold Standard seasonal movements in exchange rates did not tend to offset the seasonal fluctuations in interest rate differentials. It presents a model to explain the fluctuations and outlines two specific empirical investigations, considering the results in the light of more recent historical periods as well.
Author : David Bigman,Teizo Taya
Publisher : Beard Books
Page : 356 pages
File Size : 45,8 Mb
Release : 2003-03
Category : Business & Economics
ISBN : 1587981297
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 76 pages
File Size : 42,7 Mb
Release : 1984-07-08
Category : Business & Economics
ISBN : 1557750653
In View of the continuation of substantial movements in exchange rate relationships among major currencies, the recent increase in protectionist pressures, and the disappointing performance of world trade, renewed concern has been expressed about the possible adverse effects of exchange rate variability on trade. Against the background of this concern, the following decision was reached at the ministerial meeting of the General Agreement of Tariffs and Trade (GATT) in November 1982.
Author : Ronald MacDonald
Publisher : Allen & Unwin Australia
Page : 344 pages
File Size : 50,6 Mb
Release : 1988
Category : Business & Economics
ISBN : IND:39000009148102
Author : David Bigman,Teizo Taya
Publisher : Cambridge, Mass. : Ballinger
Page : 460 pages
File Size : 55,9 Mb
Release : 1980
Category : Business & Economics
ISBN : UOM:39015011686881