Monetary Policy Capital Flows Exchange Rates

Author : William C. Gruben,David M. Gould,Carlos E. Zarazaga
Publisher : Springer Science & Business Media
Page : 247 pages
File Size : 51,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461561750

Get Book

Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy by William C. Gruben,David M. Gould,Carlos E. Zarazaga Pdf

The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.

Author : Rebecca Driver,Peter J N Sinclair,Christoph Thoenissen
Publisher : Routledge
Page : 456 pages
File Size : 55,8 Mb
Release : 2013-04-15
Category : Business & Economics
ISBN : 9781134261970

Get Book

Exchange Rates, Capital Flows and Policy by Rebecca Driver,Peter J N Sinclair,Christoph Thoenissen Pdf

Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.

Author : David G. Dickinson,Bill Allen
Publisher : Psychology Press
Page : 305 pages
File Size : 46,9 Mb
Release : 2002
Category : Capital movements
ISBN : 9780415251358

Get Book

Monetary Policy, Capital Flows and Exchange Rates by David G. Dickinson,Bill Allen Pdf

Max Fry was known internationally for his research on international and domestic financial issues. This book draws together contributions from a range of academic and policy-making friends and colleagues.

Author : Sebastian Edwards
Publisher : Cambridge University Press
Page : 452 pages
File Size : 55,8 Mb
Release : 1997-06-13
Category : Business & Economics
ISBN : 0521597110

Get Book

Capital Controls, Exchange Rates, and Monetary Policy in the World Economy by Sebastian Edwards Pdf

The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

Author : Mr.Nicolas E. Magud,Ms.Carmen Reinhart,Mr.Esteban Vesperoni
Publisher : International Monetary Fund
Page : 24 pages
File Size : 40,5 Mb
Release : 2012-02-01
Category : Business & Economics
ISBN : 9781463936426

Get Book

Capital Inflows, Exchange Rate Flexibility, and Credit Booms by Mr.Nicolas E. Magud,Ms.Carmen Reinhart,Mr.Esteban Vesperoni Pdf

The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least partly, driven by low interest rates in the financial centers. Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing primarily on emerging markets, we analyze the impact of exchange rate flexibility on credit markets during periods of large capital inflows. We show that bank credit grows more rapidly and its composition tilts to foreign currency in economies with less flexible exchange rate regimes, and that these results are not explained entirely by the fact that the latter attract more capital inflows than economies with more flexible regimes. Our findings thus suggest countries with less flexible exchange rate regimes may stand to benefit the most from regulatory policies that reduce banks' incentives to tap external markets and to lend/borrow in foreign currency; these policies include marginal reserve requirements on foreign lending, currency-dependent liquidity requirements, and higher capital requirement and/or dynamic provisioning on foreign exchange loans.

Author : Jagdish Handa,Shibeshi Ghebre Kahsay
Publisher : World Scientific
Page : 284 pages
File Size : 44,5 Mb
Release : 2011
Category : Business & Economics
ISBN : 9789814338950

Get Book

Studies in East Asian Economies by Jagdish Handa,Shibeshi Ghebre Kahsay Pdf

"This book presents five theoretical and empirical studies on growth, capital flows, exchange rates and monetary policy. The empirical parts of three of the studies use data from the ASEAN-4 countries of Indonesia, Malaysia, Philippines, Thailand, with the remaining two studies using data on China."--Preface.

Author : Mr.Jonathan David Ostry,Mr.Atish R. Ghosh,Mr.Marcos Chamon
Publisher : International Monetary Fund
Page : 25 pages
File Size : 42,5 Mb
Release : 2012-02-29
Category : Business & Economics
ISBN : 9781475554281

Get Book

Two Targets, Two Instruments by Mr.Jonathan David Ostry,Mr.Atish R. Ghosh,Mr.Marcos Chamon 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 : E. Ray Canterbery
Publisher : Unknown
Page : 80 pages
File Size : 42,8 Mb
Release : 1965
Category : Business & Economics
ISBN : UOM:49015001166223

Get Book

Foreign Exchange, Capital Flows, and Monetary Policy by E. Ray Canterbery Pdf

Author : Takatoshi Ito,Anne O. Krueger
Publisher : University of Chicago Press
Page : 414 pages
File Size : 51,7 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226386997

Get Book

Macroeconomic Linkage by Takatoshi Ito,Anne O. Krueger Pdf

This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explore the causes of capital flows, changes in trade balances, and exchange rate fluctuations in East Asia and their effects on other countries. These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the East Asian region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rate behavior on industrial structure; and the potential for greater regional integration. The contributors examine interactions among exchange rate movements, trade balances, and capital flows; how government monetary policy affects capital flows; the effect of exchange rates on industrial structure, inventories, and prices; and the extent of regional integration in East Asia.

Author : Mr.Harald Finger,Pablo Lopez Murphy
Publisher : International Monetary Fund
Page : 76 pages
File Size : 41,6 Mb
Release : 2019-10-14
Category : Business & Economics
ISBN : 9781513516844

Get Book

Facing the Tides by Mr.Harald Finger,Pablo Lopez Murphy Pdf

This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that stem from volatile capital flows and exchange rates and analyzes how countries deploy their policy toolkits in response. The data-driven analysis should contribute to ongoing reflections about how to manage volatile capital flows and exchange rates both in Asian EMEs and more broadly.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 50,8 Mb
Release : 2002
Category : Electronic
ISBN : OCLC:760713751

Get Book

Monetary Policy, Capital Flows & Exchange Rates by Anonim Pdf

Author : Mario I. Blejer,Marko Skreb
Publisher : Springer Science & Business Media
Page : 501 pages
File Size : 46,8 Mb
Release : 2007-08-23
Category : Business & Economics
ISBN : 9780585313467

Get Book

Balance of Payments, Exchange Rates, and Competitiveness in Transition Economies by Mario I. Blejer,Marko Skreb Pdf

Integrating transition economies into the global commercial and trade market system is a prolonged and risky process. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international competitiveness, international capital flows, trade, and other matters related to the integration of transition economies into the world economy. An understanding of the principles involved and of the experiences of both transition and advanced economies during this process is crucial to ensure its ultimate success. Written by internationally recognized scholars, the chapters cover these issues in a systematic manner. The first section treats current account developments, capital flows, and exchange rate policies in transition countries, the second section deals with specific issues related to international trade, and the final section consists of six specific country experiences. In this final section, a chapter dealing with the Russian Federation discusses the collapse of the ruble in August 1998.

Author : Suiwah Leung
Publisher : Australian National University, Research School of Social Sciences
Page : 44 pages
File Size : 45,6 Mb
Release : 1996
Category : Capital movements
ISBN : UCSD:31822023593304

Get Book

Capital Flows, Monetary Policy and Exchange Rates in the Asian Region by Suiwah Leung Pdf

Booklet examining the responses of several Asian countries to recent surges in capital inflows. Examines the difficulties faced by these countries in trying to maintain pegged exchange rates and monetary independence.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 26 pages
File Size : 49,5 Mb
Release : 2000-04-01
Category : Business & Economics
ISBN : 9781451974119

Get Book

Exchange Rate Regimes in Selected Advanced Transition Economies by International Monetary Fund Pdf

Since beginning economic transition, the Czech Republic, Estonia, Hungary, Poland, and Slovenia have—with much success—employed diverse exchange rate regimes. As these countries approach EU accession, they will need to avoid the perils of too much or too little exchange rate variability when capital flows are likely to be large and volatile; narrow band arrangements in particular could be problematic. The exception is Estonia, where there are good arguments for retaining the currency board arrangement. Countries wishing to join the euro area at an early stage should not leave the removal of remaining capital controls to the last minute.

Author : Peter Isard
Publisher : Cambridge University Press
Page : 298 pages
File Size : 49,5 Mb
Release : 1995-09-28
Category : Business & Economics
ISBN : 0521466008

Get Book

Exchange Rate Economics by Peter Isard Pdf

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.