Speculation And The Dollar 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 Speculation And The Dollar book. This book definitely worth reading, it is an incredibly well-written.
I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.
I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.
I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.
Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
Excess Volatility and Speculative Bubbles in the Canadian Dollar by John David Murray,Simon Van Norden,Bank of Canada,Robert Vigfusson Pdf
Greater intervention by the public sector is often proposed as a solution to the increased speculation and excessive price volatility thought to characterise today's competitive world financial system. This paper attempts to determine whether financial asset prices are in fact subject to excess volatility, using the Canadian dollar as a representative asset. The first section describes the behaviour of the Canadian dollar over 25 years beginning in June 1970, when Canada decided to return to a flexible rate system. Broad movements in the dollar as well as daily changes are examined and compared with those of other major currencies and financial assets. This is followed by a series of tests designed to check for persistent misalignments in the currency. A reduced-form model of real exchange rate determination is estimated using cointegration techniques, and the analysis is extended with a test for speculative bubbles based on a regime-switching specification in which the market is dominated at different times by speculative traders and other agents guided by more fundamental factors. The paper concludes with a discussion of the policy implications of the results obtained.
Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar by Kenneth S. Chan,Kee Jin Ngiam Pdf
The Monetary Authority of Singapore (MAS) has a long-standing policy of controlling bank lending in Singapore dollars to nonresidents and to residents who use the funds outside Singapore. While the control may prevent the internationalization of the Singapore dollar and contain exchange rate volatility, it can hinder the deepening and widening of the financial markets in Singapore. This paper suggests three policy options that would allow traders and investors to borrow Singapore dollars without any restrictions, while making it costly for speculators since their activities can cause exchange rate volatility which arguably imposes external costs to society.
Currency Speculation and the Optimum Control of Bank Lending in Singapore Dollar by Kee-Jin Ngiam Pdf
The Monetary Authority of Singapore (MAS) has a long-standing policy of controlling bank lending in Singapore dollars to nonresidents and to residents who use the funds outside Singapore. While the control may prevent the internationalization of the Singapore dollar and contain exchange rate volatility, it can hinder the deepening and widening of the financial markets in Singapore.This paper suggests three policy options that would allow traders and investors to borrow Singapore dollars without any restrictions, while making it costly for speculators since their activities can cause exchange rate volatility which arguably imposes external costs to society.
United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations Publisher : Unknown Page : 988 pages File Size : 43,7 Mb Release : 2008 Category : Energy industries ISBN : STANFORD:36105050552616
Financial Speculation and Fictitious Profits by Gustavo Moura de Cavalcanti Mello,Mauricio de Souza Sabadini Pdf
This book provides an original account of financialisation and outlines the creation of fictitious profits as a basis to describe the present phase of capitalist accumulation in the neoliberal era. Making innovative theoretical elaborations on Marx’s notion of fictitious capital, Financial Speculation and Fictitious Profits offers a dialectic analysis of the increasing financialization during this crisis-ridden period based on the original concepts of fictitious profit and fictitious wealth. Combining the most important research from over twenty years of scholarly inquiry with groundbreaking new studies, Financial Speculation and Fictitious Profits is more than a collection of texts by political economists on a contemporary topic; it is a synthesis of an intense process of academic production that began with work of Karl Marx and has resulted in the formulation of a differentiated interpretative perspective on the contemporary evolution of capitalist crisis.
United States. Congress. House. Committee on Ways and Means
Author : United States. Congress. House. Committee on Ways and Means Publisher : Unknown Page : 1846 pages File Size : 50,7 Mb Release : 1978 Category : Finance, Public ISBN : UCAL:B3606138
With keen insight and an unexpected good humor, this 1922 volume on the vagaries of the stock market and the psychology of those who play it is still required reading for investors today. From harnessing Hoyne's "speculative force"'-the tendency to transform into advantageous action the result of using one's brain-to overcoming greed and fear, taking advantage of news and gossip, and making the rules and principles work for you, contemporary speculators will find much to enjoy and learn here. American author THOMAS TEMPLE HOYNE (1875-1946) also wrote Intrigue on the Upper Level: A Story of Crime, Love, Adventure and Revolt in 2050 A.D. (1934), the humorous On Pilgrimage (1938) and other books.
