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Author : John Williamson
Publisher : Unknown
Page : 120 pages
File Size : 40,6 Mb
Release : 1985
Category : Business & Economics
ISBN : UCSD:31822002954485
Author : John Williamson
Publisher : Columbia University Press
Page : 104 pages
File Size : 50,6 Mb
Release : 2007-04-30
Category : Business & Economics
ISBN : 9780881324792
Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis could force countries to say "never again" and search for a system to prevent similar disasters. The system that could do so is a reference rate system—where countries' authorities are forbidden from intervening in order to push the exchange rate too far from what is termed the "reference rate." It could help a country's authorities manage its exchange rate to avoid large misalignments, assist the private sector in forming more dependable expectations of future exchange rates and thus to manage their businesses more efficiently in a world of floating exchange rates, and aid the International Monetary Fund in designing and managing an effective system of multilateral surveillance. The world economy would function better as a result, with less chance of the global imbalances leading to a world recession.
Author : Louis-Philippe Rochon,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 304 pages
File Size : 54,7 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 178195867X
Combining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequences of recent financial crises presenting cutting-edge material.
Author : David Bigman,Teizo Taya
Publisher : Beard Books
Page : 356 pages
File Size : 40,8 Mb
Release : 2003-03
Category : Business & Economics
ISBN : 1587981297
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author : Pascal Salin
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 42,5 Mb
Release : 2016-11-25
Category : Electronic
ISBN : 9781786430304
The international monetary system, and the disparate systems that make it up, are complex and there are many fallacies surrounding the ways in which they work. This book provides a clear and rigorous understanding of these systems and their possible consequences.
Author : Herschel Visser
Publisher : Edward Elgar Publishing
Page : 216 pages
File Size : 53,7 Mb
Release : 1995
Category : Business & Economics
ISBN : STANFORD:36105012404559
This text presents an overview of exchange rate systems and exchange rate theories, grouping the various theories according to the time period for which their explanation is relevant. The author explains which models are relevant to the various exchange rate systems available to policy makers. Particular attention is paid to dependent economy models and the text also looks at exchange rate policy, monetary unions and the Exchange Rate Mechanism of the European Monetary System.
Author : Peter Isard
Publisher : Cambridge University Press
Page : 298 pages
File Size : 46,9 Mb
Release : 1995-09-28
Category : Business & Economics
ISBN : 0521466008
This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend; the historical and institutional material (part I) and the discussion of policy issues (part III) contain no equations or technical notation, while the chapters on models of exchange rate behavior (part II) are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.
Author : Mr.Morris Goldstein,Mr.Andrew Crockett
Publisher : International Monetary Fund
Page : 100 pages
File Size : 46,8 Mb
Release : 1987-02-26
Category : Business & Economics
ISBN : 0939934760
This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow) and the intergovernmental Group of Twenty-Four on International Monetary Affairs. These two reports, which appear as appendices to this volume, were transmitted to the Interim Committee of the Fund's Board of Governors and were subsequently discussed by the Fund's Executive Board in early 1986.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 394 pages
File Size : 54,9 Mb
Release : 1990-09-15
Category : Business & Economics
ISBN : 1557751331
This collection of papers, edited by Victor Argy and Paul De Grauwe, examines issues surrounding the choice of exchange rate regime in smaller industrial countries. It contains a comprehensive summary by Jacques J. Polak.
Author : Derek H. Aldcroft
Publisher : Routledge
Page : 332 pages
File Size : 43,7 Mb
Release : 2017-07-05
Category : History
ISBN : 9781351937900
The themes of this study are the exchange rate regimes chosen by policy makers in the twentieth century, the means used to maintain these regimes, and the impact of these decisions on individual national economies and the world economy in general. The book draws heavily on new research showing the lessons and the legacy left for policy makers by the gold standard and the attempt at its resurrection in the 1920s. In examining issues such as the gold exchange standard, the gold bullion standard, the experience of floating exchange rates, the Bretton Woods arrangements, the EMS and the ERM, and the Currency Board approach, there is a conscious attempt to draw out the relevance of history for policy makers now.
Author : Michael D. Bordo
Publisher : International Monetary Fund
Page : 29 pages
File Size : 53,6 Mb
Release : 2003-08-01
Category : Business & Economics
ISBN : 9781451857764
In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macroeconomic performance. The penultimate section provides a brief history of monetary regimes in industrial and emerging economies. The conclusion considers the case for a managed float regime for today's emerging economies.
Author : Ralph Johann
Publisher : GRIN Verlag
Page : 30 pages
File Size : 54,9 Mb
Release : 2008-09
Category : Electronic
ISBN : 9783640159772
Seminar paper from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, California State University, Fullerton, course: International Economics, 8 entries in the bibliography, language: English, abstract: This paper will discuss the general relationship between the two major currencies of the world: the US-Dollar and the Euro and the determinants for the exchange rate fluctuations since the introduction of the Euro as the common currency of Europe during the period between January 1999 and November 2005. Since the introduction of the Euro as the common currency of the European Monetary Union (EMU) in 1999 this relationship was first characterized by a sharp depreciation of the Euro followed by a three year lasting appreciation of the same that passed over in a slight depreciation again from the beginning of 2005 in the long run.1 This paper will first focus on the History of the international currency exchange system from the 19th century until the end of the Bretton Woods System in 1973 and on the history of the currency system in the European community. It will then discuss the general determinants of exchange rates in the short and long run. It will be pointed out that in the short run interest rate differentials and expectations of international portfolio investors matter and in the long run the economic fundamentals such as inflation rates and GDP growth rates of either economic region are the main factors for the behaviour of the exchange rate. In this context the theories of the Law of one price and the purchasing power parity are introduced. In the third part of the paper the exchange rate theories introduced in the previous part are applied to the -$ exchange rate in the time period between 1999 and 2005. Thus, the short term and long term factors are used to explain the relationship between the two currencies in this period. Finally, the last part serves as a conclusion.
Author : Mr.Richard C. Bart,Mr.Chorng-Huey Wong
Publisher : International Monetary Fund
Page : 316 pages
File Size : 44,8 Mb
Release : 1994-06-01
Category : Business & Economics
ISBN : 1557753644
External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.
Author : Mr.Vivek B. Arora,Mr.Olivier Jeanne
Publisher : International Monetary Fund
Page : 21 pages
File Size : 49,8 Mb
Release : 2001-05-01
Category : Business & Economics
ISBN : 9781451974942
The Canadian experience with a floating exchange rate regime can shed some light on the question of whether A question of current interest in many parts of the world is whether with growing economic integration among groups of countries makes a fixed exchange rate, or even a common currency, becomes more desirable. This paper looks at the lessons that one may draw from tThe Canadian experience, with a floating exchange rate regime, especially since the inception of the 1989 U.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between Canada and the United States from increasing substantially, during the 1990s, and has played a useful role in buffering the Canadian economy against asymmetric external shocks. A fixed exchange rate thus does not seem to be a prerequisite for economic integration. It may, however, yield substantial have benefits for some countries that lack monetary credibility or that may be tempted by self-destructive beggar-thy-neighbor policies.
Author : Eric Helleiner
Publisher : McGill-Queen's Press - MQUP
Page : 348 pages
File Size : 41,5 Mb
Release : 2014-05-14
Category : Business & Economics
ISBN : 9780773575691
"Eric Helleiner provides a detailed exploration of the politics underlying Canada's recent debate over the merits of monetary union with the United States. Comparing the US Federal Reserve and the European Monetary Union, he argues that Canada would exercise far less influence within a North American monetary union than individual countries do within the European community. He also analyses the seemingly paradoxical support of Quebec sovereignists for free trade and monetary union." --Résumé de l'éditeur.
