Author : Giancarlo Corsetti
Publisher : Unknown
Page : 38 pages
File Size : 46,7 Mb
Release : 1996
Category : Equilibrium (Economics)
ISBN : UCSD:31822021769179
Policy Making And Speculative Attacks In Models Of Exchange Rate Crisis A Synthesis
Policy Making And Speculative Attacks In Models Of Exchange Rate Crisis A Synthesis Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Policy Making And Speculative Attacks In Models Of Exchange Rate Crisis A Synthesis book. This book definitely worth reading, it is an incredibly well-written.
Policy Making and Speculative Attacks in Models of Exchange Rate Crisis : a Synthesis
Author : Lilia Cavallari
Publisher : Unknown
Page : 0 pages
File Size : 55,9 Mb
Release : 1996
Category : Electronic
ISBN : OCLC:1430448516
Policy Making and Speculative Attacks in Models of Exchange Rate Crisis : a Synthesis by Lilia Cavallari Pdf
Speculative Attacks and Models of Balance of Payments Crises
Author : Mr.Robert P. Flood,Pierre-Richard Agénor,Jagdeep S. Bhandari
Publisher : International Monetary Fund
Page : 64 pages
File Size : 51,7 Mb
Release : 1991-10-01
Category : Business & Economics
ISBN : 9781451852189
Speculative Attacks and Models of Balance of Payments Crises by Mr.Robert P. Flood,Pierre-Richard Agénor,Jagdeep S. Bhandari Pdf
This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as: alternative post-collapse regimes, uncertainty, real sector effects, external borrowing and capital controls, imperfect asset substitutability, sticky prices, and endogenous policy switches. Empirical evidence on the collapse of exchange rate regimes is also examined, and the major implications of the analysis for macroeconomic policy discussed.
Policy Implications of "Second-Generation" Crisis Models
Author : Robert P. Flood
Publisher : Unknown
Page : 11 pages
File Size : 53,9 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291215015
Policy Implications of "Second-Generation" Crisis Models by Robert P. Flood Pdf
After the speculative attacks on government-controlled exchange rates in Europe and in Mexico, economists began to develop models of currency crises with multiple solutions. In these models, a currency crisis occurs when the economy suddenly jumps from one solution to another. This paper examines one of the new models, finding that raising the cost of devaluation may make a crisis more likely. Consequently, slow convergence to a monetary union, which increases the cost to the government of reneging on an exchange rate peg, may be counterproductive. This conclusion is exactly the opposite of that obtained from earlier models.
Financial Markets and European Monetary Cooperation
Author : Willem H. Buiter,Giancarlo Corsetti,Paolo A. Pesenti
Publisher : Cambridge University Press
Page : 242 pages
File Size : 42,6 Mb
Release : 2001-04-23
Category : Business & Economics
ISBN : 0521794404
Financial Markets and European Monetary Cooperation by Willem H. Buiter,Giancarlo Corsetti,Paolo A. Pesenti Pdf
This book provides a comprehensive assessment of the causes and implications of the 1992-3 crisis of the exchange rate mechanism.
Money, Capital Mobility, and Trade
Author : Guillermo A. Calvo,Rudiger Dornbusch,Maurice Obstfeld
Publisher : MIT Press
Page : 572 pages
File Size : 41,5 Mb
Release : 2004
Category : Business & Economics
ISBN : 0262532603
Money, Capital Mobility, and Trade by Guillermo A. Calvo,Rudiger Dornbusch,Maurice Obstfeld Pdf
Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.
Currency Crises
Author : Olivier Jeanne
Publisher : Princeton University International Finance Section, Department of Econmics
Page : 72 pages
File Size : 49,6 Mb
Release : 2000
Category : Business & Economics
ISBN : STANFORD:36105028473671
Currency Crises by Olivier Jeanne Pdf
Center Discussion Paper
Author : Yale University. Economic Growth Center
Publisher : Unknown
Page : 442 pages
File Size : 48,6 Mb
Release : 1995
Category : Economic development
ISBN : STANFORD:36105017854410
Center Discussion Paper by Yale University. Economic Growth Center Pdf
Interpreting the Erm Crisis
Author : Willem H. Buiter
Publisher : Unknown
Page : 0 pages
File Size : 47,7 Mb
Release : 1998
Category : European Union countries
ISBN : LCCN:94022966
Interpreting the Erm Crisis by Willem H. Buiter Pdf
Speculative Attacks and Currency Crises
Author : Ms.Inci Ötker,Ceyla Pazarbasioglu
Publisher : International Monetary Fund
Page : 38 pages
File Size : 44,5 Mb
Release : 1995-11-01
Category : Business & Economics
ISBN : 9781451853544
Speculative Attacks and Currency Crises by Ms.Inci Ötker,Ceyla Pazarbasioglu Pdf
This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a potential currency crisis. The data from the Mexican economy was used to illustrate the model. Based on the results, a deterioration in fundamentals appears to have generated high one-step-ahead probabilities for the regime changes during the sample period 1982-1994. Particularly, increases in inflation differentials, appreciations of the real exchange rate, foreign reserve losses, expansionary monetary and fiscal policies, and increases in the share of short-term foreign currency debt appear to have contributed to the market pressures and regime changes in that period.
Exchange Rate Economics
Author : Ronald MacDonald
Publisher : Routledge
Page : 334 pages
File Size : 53,5 Mb
Release : 2005
Category : Foreign exchange
ISBN : 9781134838226
Exchange Rate Economics by Ronald MacDonald Pdf
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Identifying the Role of Macroeconomic Fundamentals in the 1997 Asian Currency Crisis
Author : Hwa-Seok Oh
Publisher : Unknown
Page : 320 pages
File Size : 54,6 Mb
Release : 2000
Category : Asia
ISBN : UCSD:31822031587967
Identifying the Role of Macroeconomic Fundamentals in the 1997 Asian Currency Crisis by Hwa-Seok Oh Pdf
Perspectiveson the Recent Currency Crisis Literature
Author : Mr.Robert P. Flood,Ms.Nancy P. Marion
Publisher : International Monetary Fund
Page : 52 pages
File Size : 50,6 Mb
Release : 1998-09-01
Category : Business & Economics
ISBN : 9781451855166
Perspectiveson the Recent Currency Crisis Literature by Mr.Robert P. Flood,Ms.Nancy P. Marion Pdf
In the 1990s, currency crises in Europe, Mexico, and Asia have drawn worldwide attention to speculative attacks on government-controlled exchange rates and have prompted researchers to undertake new theoretical and empirical analysis of these events. This paper provides some perspective on this work and relates it to earlier research. It derives the optimal commitment to a fixed exchange rate and proposes a common framework for analyzing currency crises. This framework stresses the important role of speculators and recognizes that the government’s commitment to a fixed exchange rate is constrained by other policy goals. The final section finds that some crises may be particularly difficult to predict using currently popular methods.
East Asia and Latin America
Author : Peter H. Smith,堀坂浩太郎,Shōji Nishijima
Publisher : Rowman & Littlefield
Page : 420 pages
File Size : 41,7 Mb
Release : 2003
Category : Business & Economics
ISBN : 0742523764
East Asia and Latin America by Peter H. Smith,堀坂浩太郎,Shōji Nishijima Pdf
Focuses on two broad themes: economic and political connections between East Asia and Latin America, and similarities and differences in developmental paths and public policies.
Global Waves of Debt
Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 41,6 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454
Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.