Download Full eBooks in PDF
The Exchange Rate System 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 The Exchange Rate System book. This book definitely worth reading, it is an incredibly well-written.
Author : John Williamson
Publisher : Unknown
Page : 120 pages
File Size : 40,9 Mb
Release : 1985
Category : Business & Economics
ISBN : UCSD:31822002954485
Author : John Williamson
Publisher : Columbia University Press
Page : 104 pages
File Size : 51,7 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 : David Bigman,Teizo Taya
Publisher : Beard Books
Page : 356 pages
File Size : 42,8 Mb
Release : 2003-03
Category : Business & Economics
ISBN : 1587981297
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author : Michael W. Klein,Jay C. Shambaugh
Publisher : MIT Press
Page : 267 pages
File Size : 48,7 Mb
Release : 2012-08-24
Category : Business & Economics
ISBN : 9780262258333
An analysis of the operation and consequences of exchange rate regimes in an era of increasing international interdependence. The exchange rate is sometimes called the most important price in a highly globalized world. A country's choice of its exchange rate regime, between government-managed fixed rates and market-determined floating rates has significant implications for monetary policy, trade, and macroeconomic outcomes, and is the subject of both academic and policy debate. In this book, two leading economists examine the operation and consequences of exchange rate regimes in an era of increasing international interdependence. Michael Klein and Jay Shambaugh focus on the evolution of exchange rate regimes in the modern era, the period since 1973, which followed the Bretton Woods era of 1945–72 and the pre-World War I gold standard era. Klein and Shambaugh offer a comprehensive, integrated treatment of the characteristics of exchange rate regimes and their effects. The book draws on and synthesizes data from the recent wave of empirical research on this topic, and includes new findings that challenge preconceived notions.
Author : Atish R. Ghosh,Anne-Marie Gulde,Holger C. Wolf
Publisher : MIT Press
Page : 252 pages
File Size : 42,8 Mb
Release : 2002
Category : Business & Economics
ISBN : 0262072408
An empirical study of exchange rate regimes based on data compiled from 150 member countries of the International Monetary Fund over the past thirty years. Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods system in the early 1970s, countries have adopted a wide variety of regimes, ranging from pure floats at one extreme to currency boards and dollarization at the other. While a vast theoretical literature explores the choice and consequences of exchange rate regimes, the abundance of possible effects makes it difficult to establish clear relationships between regimes and common macroeconomic policy targets such as inflation and growth. This book takes a systematic look at the evidence on macroeconomic performance under alternative exchange rate regimes, drawing on the experience of some 150 member countries of the International Monetary Fund over the past thirty years. Among other questions, it asks whether pegging the exchange rate leads to lower inflation, whether floating exchange rates are associated with faster output growth, and whether pegged regimes are particularly prone to currency and other crises. The book draws on history and theory to delineate the debate and on standard statistical methods to assess the empirical evidence, and includes a CD-ROM containing the data set used.
Author : Ronald MacDonald
Publisher : Routledge
Page : 334 pages
File Size : 43,7 Mb
Release : 2005
Category : Foreign exchange
ISBN : 9781134838226
''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""
Author : David Bigman,Teizo Taya
Publisher : Cambridge, Mass. : Ballinger
Page : 460 pages
File Size : 55,5 Mb
Release : 1980
Category : Business & Economics
ISBN : UOM:39015011686881
Author : Morris Goldstein
Publisher : Peterson Institute for International Economics
Page : 116 pages
File Size : 45,8 Mb
Release : 1995
Category : Business & Economics
ISBN : STANFORD:36105017000808
Global currency markets have remained unsettled. The dollar hit record lows against both the yen and the mark in 1995. The Mexican crisis led to a free fall of the peso. Renewed tensions in the European Monetary System required devaluations in Spain and Portugal. It is thus fortuitous that the world's major countries, starting with the G-7 summit in Italy in June 1994, have agreed to reexamine the world monetary system and the role of its chief institutional custodian the International Monetary Fund. Yet there is little agreement on what should be done. Sweeping change in the form of explicit, binding exchange rate targets for the United States, Japan, and Europe does not seem to be in the cards. More limited reforms might gain more acceptance. But what should be the nature of those reforms? Would they be worth the effort? This study sets out a modest agenda for managing the exchange rate system, improving the system's early warning capabilities, and strengthening the IMF s oversight responsibilities. It could help improve functioning of the world economy and global financial stability.
Author : Mr.Morris Goldstein,Mr.Andrew Crockett
Publisher : International Monetary Fund
Page : 100 pages
File Size : 50,6 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 : Mr.Robert P. Flood,Ms.Nancy P. Marion
Publisher : International Monetary Fund
Page : 9 pages
File Size : 45,6 Mb
Release : 1991-09-01
Category : Business & Economics
ISBN : 9781451851328
Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which can be directed toward mitigating the distortionary effects of price or information rigidities. In this paradigm the optimal degree of exchange rate flexibility is found to depend of the source and nature of shocks hitting an economy. More recent literature views the exchange rate as a widely and frequently seen manifestation of government policy with careful exchange-rate management emerging as a tool that can enhance shaky policy credibility.
Author : Mr.Atish R. Ghosh,Mr.Jonathan David Ostry,Mr.Charalambos G. Tsangarides
Publisher : International Monetary Fund
Page : 48 pages
File Size : 49,7 Mb
Release : 2011-03-15
Category : Business & Economics
ISBN : 9781589069312
The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and capital, and to sustain sound economic growth. The paper reviews the stability of the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external adjustment, trade integration, capital flows); and potential sources of stress to the international monetary system.
Author : United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on International Trade, Investment and Monetary Policy
Publisher : Unknown
Page : 16 pages
File Size : 53,5 Mb
Release : 1975
Category : Foreign exchange rates
ISBN : UOM:39015078590539
Author : Ralph Johann
Publisher : GRIN Verlag
Page : 30 pages
File Size : 41,6 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 : International Monetary Fund
Publisher : International Monetary Fund
Page : 394 pages
File Size : 52,8 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 : Pascal Salin
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 53,9 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.
