Internationalization Of Emerging Market Currencies

Author : Mr.Faisal Ahmed,Mr.Shengzu Wang,Mrs.Isabelle Mateos y Lago,Samar Maziad,Stephanie Segal,Pascal Farahmand,Mr.Udaibir S. Das
Publisher : International Monetary Fund
Page : 26 pages
File Size : 50,7 Mb
Release : 2011-10-19
Category : Business & Economics
ISBN : 9781463926526

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Internationalization of Emerging Market Currencies by Mr.Faisal Ahmed,Mr.Shengzu Wang,Mrs.Isabelle Mateos y Lago,Samar Maziad,Stephanie Segal,Pascal Farahmand,Mr.Udaibir S. Das Pdf

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Author : W. Peng,C. Shu
Publisher : Springer
Page : 242 pages
File Size : 42,7 Mb
Release : 2009-11-30
Category : Business & Economics
ISBN : 9780230245785

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Currency Internationalization: Global Experiences and Implications for the Renminbi by W. Peng,C. Shu Pdf

This is the first book to collect academic studies examining issues related to the potential internationalization of the Renminbi. It considers policy implications, documents the rising regional importance of the Renminbi and discusses key issues in the increasing use of the Renminbi in international trade and finance.

Author : Gastón Fornés
Publisher : Palgrave MacMillan
Page : 216 pages
File Size : 52,9 Mb
Release : 2009
Category : Business & Economics
ISBN : IND:30000122566270

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Foreign Exchange Exposure in Emerging Markets by Gastón Fornés Pdf

This book is one of the first works studying foreign exchange exposure in emerging markets. The analysis takes a broad approach and concludes with a tool that multinatonal companies can apply to improve the effectiveness of their risk management activities against variations in the exchange rate as well as other business risks

Author : Jeffrey A. Frankel
Publisher : University of Chicago Press
Page : 428 pages
File Size : 52,8 Mb
Release : 2008-04-15
Category : Business & Economics
ISBN : 9780226260211

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The Internationalization of Equity Markets by Jeffrey A. Frankel Pdf

This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior of country funds. Other, long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances, and the price of risk according to the Capital Asset Pricing Model.

Author : Barry Eichengreen,Masahiro Kawai
Publisher : Brookings Institution Press
Page : 401 pages
File Size : 46,6 Mb
Release : 2015-02-11
Category : Political Science
ISBN : 9780815726128

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Renminbi Internationalization by Barry Eichengreen,Masahiro Kawai Pdf

A Brookings Institution Press and Asian Development Bank Institute publication Meet the next global currency: the Chinese renminbi, or the "redback." Following the global financial crisis of 2008, China's major monetary policy objective is the internationalization of the renminbi, that is, to create an inter-national role for its currency akin to the international role currently played by the U.S. dollar. Renminbi internationalization is a hot topic, for good reason. It is, essentially, a window onto the Chinese government's aspirations and the larger process of economic and financial transformation. Making the renminbi a global currency requires rebalancing the Chinese economy, developing the country's financial markets and opening them to the rest of the world, and moving to a more flexible exchange rate. In other words, the internationalization of the renminbi is a monetary and financial issue with much broader supra-monetary and financial implications. This book offers a new perspective on the larger issues of economic, financial, and institutional change in what will eventually be the world's largest economy.

Author : Edwin L.-C. Lai
Publisher : Cambridge University Press
Page : 347 pages
File Size : 42,5 Mb
Release : 2021-07-08
Category : Business & Economics
ISBN : 9781108491686

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One Currency, Two Markets by Edwin L.-C. Lai Pdf

Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 54,5 Mb
Release : 2019
Category : Electronic
ISBN : 1844645592

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INTERNATIONALIZATION OF BRICS CURRENCIES by Anonim Pdf

Author : Bank for International Settlements. Monetary and Economic Department
Publisher : Unknown
Page : 301 pages
File Size : 47,7 Mb
Release : 2005
Category : Foreign exchange administration
ISBN : 9291976873

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Foreign Exchange Market Intervention in Emerging Markets by Bank for International Settlements. Monetary and Economic Department Pdf

Author : Samar Maziad,Joong Shik Kang
Publisher : Unknown
Page : 19 pages
File Size : 52,5 Mb
Release : 2012-05-01
Category : Electronic
ISBN : OCLC:794378181

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Rmb Internationalization by Samar Maziad,Joong Shik Kang Pdf

Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China‘s large economic size, diversified trade structure and network, macroeconomic stability, and high growth rates - both current and expected. Yet, foreign access to RMB-denominated assets that could act as global stores of value remains limited due to extensive restrictions on capitals flows. At the same time, the rapid expansion of RMB trade settlement and issuance of RMB-denominated bonds by the Chinese government and corporates in Hong Kong, SAR have created some feedback channels across onshore (CNY) and offshore (CNH) RMB markets. We employed a bivariate GARCH model to understand the inter-linkages between onshore and offshore markets and found that, while developments in the onshore spot market exert an influence on the offshore spot market, offshore forward rates have a predictive impact on onshore forward rates. We also find evidence of volatility spillovers between two markets. Overtime, those spillover channels would be expected to grow as the offshore market further develops.

Author : William A. Barnett,Bruno S. Sergi
Publisher : Emerald Group Publishing
Page : 320 pages
File Size : 40,9 Mb
Release : 2018-10-04
Category : Business & Economics
ISBN : 9781787564541

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Banking and Finance Issues in Emerging Markets by William A. Barnett,Bruno S. Sergi Pdf

This book features technical portrayals of today’s constantly developing banking issues; including stock market contagion, the impact of internet technology (IT) and financial innovation on stock markets, and a perspective on the loan puzzle in emerging markets.

Author : Morris Goldstein,Philip Turner
Publisher : Columbia University Press
Page : 192 pages
File Size : 47,9 Mb
Release : 2004-04-25
Category : Business & Economics
ISBN : 9780881324570

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Controlling Currency Mismatches in Emerging Markets by Morris Goldstein,Philip Turner Pdf

In most of the currency crises of the 1990s, the largest output falls have occurred in those emerging economies with large currency mismatches, a phenomenon that occurs when assets and liabilities are denominated in different currencies such that net worth is sensitive to changes in the exchange rate. Currency mismatching makes crisis management much more difficult since it constrains the willingness of the monetary authority to reduce interest rates in a recession (for fear of initiating a large fall in the currency that would bring with it large-scale insolvencies). The mismatching also produces a "fear of floating" on the part of emerging economies, sometimes inducing them to make currency-regime choices that are not in their own long-term interest. Authors Morris Goldstein and Philip Turner summarize what is known about the origins of currency mismatching in emerging economies, discuss how best to define and measure currency mismatching, and review policy options for reducing the size of the problem.

Author : Waldemar Tarczyński,Kesra Nermend
Publisher : Springer
Page : 510 pages
File Size : 41,6 Mb
Release : 2019-07-17
Category : Business & Economics
ISBN : 9783030212742

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Effective Investments on Capital Markets by Waldemar Tarczyński,Kesra Nermend Pdf

This proceedings volume presents current research and innovative solutions into capital markets, particularly in Poland. Featuring contributions presented at the 10th Capital Market Effective Investments (CMEI 2018) conference held in Międzyzdroje, Poland, this book explores the future of capital markets in Poland as well as comparing it with the capital markets of other developed regions around the world. Divided into four parts, the enclosed papers provide a background into the theoretical foundations of capital market investments, explores different approaches—both classical and contemporary—to investment decision making, analyzes the behaviors of investors using experimental economics and behavioral finance, and explores practical issues related to financial market investments, including real case studies. In addition, each part of the book begins with an introductory chapter written by thematic editors that provides an outline of the subject area and a summary of the papers presented.

Author : Yin-Wong Cheung,Jakob de Haan
Publisher : MIT Press
Page : 473 pages
File Size : 49,9 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780262018234

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The Evolving Role of China in the Global Economy by Yin-Wong Cheung,Jakob de Haan Pdf

China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.

Author : Jerome Booth
Publisher : John Wiley & Sons
Page : 280 pages
File Size : 54,8 Mb
Release : 2014-06-03
Category : Business & Economics
ISBN : 9781118879665

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Emerging Markets in an Upside Down World by Jerome Booth Pdf

The world is upside down. The emerging market countries are more important than many investors realise. They have been catching up with the West over the past few decades. Greater market freedom has spread since the end of the Cold War, and with it institutional changes which have further assisted emerging economies in becoming more productive, flexible, and resilient. The Western financial crisis from 2008 has quickened the pace of the relative rise of emerging markets - their relative economic power, and with it political power, but also their financial power as savers, investors and creditors. Emerging Markets in an Upside Down World - Challenging Perceptions in Asset Allocation and Investment argues that finance theory has misunderstood risk and that this has led to poor investment decisions; and that emerging markets constitute a good example of why traditional finance theory is faulty. The book accurately describes the complex and changing global environment currently facing the investor and asset allocator. It raises many questions often bypassed because of the use of simplifying assumptions and models. The narrative builds towards a checklist of issues and questions for the asset allocator and investor and then to a discussion of a variety of regulatory and policy issues. Aimed at institutional and retail investors as well as economics, finance, business and international relations students, Emerging Markets in an Upside Down World covers many complex ideas, but is written to be accessible to the non-expert.

Author : Marlene Amstad,Guofeng Sun,Wei Xiong
Publisher : Princeton University Press
Page : 504 pages
File Size : 47,7 Mb
Release : 2020-11-17
Category : Business & Economics
ISBN : 9780691205731

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The Handbook of China's Financial System by Marlene Amstad,Guofeng Sun,Wei Xiong Pdf

"The Chinese economy is now easily one of the most important and closely scrutinized economies in the world. Relatively minuscule changes in predictions of how the Chinese economy will perform can drive up or down stocks and the price of oil and other commodities. At the heart of how the Chinese economy works is its financial system-but the Chinese financial system is vastly different than most people in the West can understand. How do house prices work, for example, in a country where the very concept of property ownership is significantly different than our own? This edited volume will serve as a standard reference guide to China's financial system. With eighteen chapters, the handbook features overviews on the banking sector-the core of China's financial system and the key channel for implementing China's monetary policy-China's ongoing reforms, and the quickly growing bond and money markets, among other topics. Each chapter is written by a leading expert in the field, and as a whole the list of contributors represents an impressive mix of leading scholars and high-level policy officials, some with first-hand knowledge of setting and carrying out Chinese financial policy. The handbook will serve as the first real authoritative volume of literature in the field, and will shed extensive new light on the links between China's financial system and the real economy"--