Author : Thibaut De Saint-Phalle
Publisher : Greenwood
Page : 456 pages
File Size : 40,7 Mb
Release : 1984
Category : Business & Economics
ISBN : STANFORD:36105039759373
Trade Inflation And The Dollar
Trade Inflation 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 Trade Inflation And The Dollar book. This book definitely worth reading, it is an incredibly well-written.
Trade, Inflation, and the Dollar
Author : Thibaut De Saint-Phalle
Publisher : Unknown
Page : 0 pages
File Size : 48,5 Mb
Release : 1981
Category : Balance of payments
ISBN : LCCN:lc81002456
Trade, Inflation, and the Dollar by Thibaut De Saint-Phalle Pdf
The Great Inflation
Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 40,5 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950
The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Global Trade and the Dollar
Author : Ms.Emine Boz,Gita Gopinath,Mikkel Plagborg-Møller
Publisher : International Monetary Fund
Page : 66 pages
File Size : 43,8 Mb
Release : 2017-11-13
Category : Business & Economics
ISBN : 9781484327975
Global Trade and the Dollar by Ms.Emine Boz,Gita Gopinath,Mikkel Plagborg-Møller Pdf
We document that the U.S. dollar exchange rate drives global trade prices and volumes. Using a newly constructed data set of bilateral price and volume indices for more than 2,500 country pairs, we establish the following facts: 1) The dollar exchange rate quantitatively dominates the bilateral exchange rate in price pass-through and trade elasticity regressions. U.S. monetary policy induced dollar fluctuations have high pass-through into bilateral import prices. 2) Bilateral non-commodities terms of trade are essentially uncorrelated with bilateral exchange rates. 3) The strength of the U.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1 percent U.S. dollar appreciation against all other currencies in the world predicts a 0.6–0.8 percent decline within a year in the volume of total trade between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel Bayesian semiparametric hierarchical panel data model, we estimate that the importing country’s share of imports invoiced in dollars explains 15 percent of the variance of dollar pass-through/elasticity across country pairs. Our findings strongly support the dominant currency paradigm as opposed to the traditional Mundell-Fleming pricing paradigms.
Global Trade and the Dollar
Author : Gita Gopinath
Publisher : Unknown
Page : 67 pages
File Size : 43,9 Mb
Release : 2018
Category : Electronic
ISBN : OCLC:1304416789
Global Trade and the Dollar by Gita Gopinath Pdf
We document that the U.S. dollar exchange rate drives global trade prices and volumes. Using a newly constructed data set of bilateral price and volume indices for more than 2,500 country pairs, we establish the following facts: 1) The dollar exchange rate quantitatively dominates the bilateral exchange rate in price pass-through and trade elasticity regressions. U.S. monetary policy induced dollar fluctuations have high pass-through into bilateral import prices. 2) Bilateral non-commodities terms of trade are essentially uncorrelated with bilateral exchange rates. 3) The strength of the U.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1 percent U.S. dollar appreciation against all other currencies in the world predicts a 0.6-0.8 percent decline within a year in the volume of total trade between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel Bayesian semiparametric hierarchical panel data model, we estimate that the importing country's share of imports invoiced in dollars explains 15 percent of the variance of dollar pass-through/elasticity across country pairs. Our findings strongly support the dominant currency paradigm as opposed to the traditional Mundell-Fleming pricing paradigms.
Making Sense of the Dollar
Author : Marc Chandler
Publisher : John Wiley & Sons
Page : 240 pages
File Size : 53,5 Mb
Release : 2010-05-18
Category : Business & Economics
ISBN : 9780470885383
Making Sense of the Dollar by Marc Chandler Pdf
Has the greenback really lost its preeminent place in the world? Not according to currency expert Marc Chandler, who explains why so many are—wrongly—pessimistic about both the dollar and the U.S. economy. Making Sense of the Dollar explores the many factors—trade deficits, the dollar’s role in the world, globalization, capitalism, and more—that affect the dollar and the U.S. economy and lead to the inescapable conclusion that both are much stronger than many people suppose. Marc Chandler has been covering the global capital markets for twenty years as a foreign exchange strategist for several Wall Street firms. He is one of the most widely respected and quoted currency experts today.
Dominant Currency Paradigm: A New Model for Small Open Economies
Author : Camila Casas,Mr.Federico Diez,Gita Gopinath,Pierre-Olivier Gourinchas
Publisher : International Monetary Fund
Page : 62 pages
File Size : 49,6 Mb
Release : 2017-11-22
Category : Business & Economics
ISBN : 9781484330609
Dominant Currency Paradigm: A New Model for Small Open Economies by Camila Casas,Mr.Federico Diez,Gita Gopinath,Pierre-Olivier Gourinchas Pdf
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
A History of the Canadian Dollar
Author : James Powell,Bank of Canada
Publisher : Unknown
Page : 124 pages
File Size : 43,5 Mb
Release : 2005
Category : Business & Economics
ISBN : UIUC:30112077032222
A History of the Canadian Dollar by James Powell,Bank of Canada Pdf
Dollars Deficits & Trade
Author : James A. Dorn,William A. Niskanen
Publisher : Springer Science & Business Media
Page : 436 pages
File Size : 40,5 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9789401712880
Dollars Deficits & Trade by James A. Dorn,William A. Niskanen Pdf
The essays in this volume are timelyand provocative. They address the key issues of the changing world economy and consider the implications ofthe erosion ofthe rule oflaw that has occurred both domestically and internationally to an increasing degree over the past halfcentury. The debates over the role of the dollar in the international econ omy, the future shape ofthe international monetary system and the exchange rate regime, the significance ofthe U.S. twin deficits, and the rise of nontariffbarriers to world trade deserve serious attention. Atthe bottom ofthese debates lie differing conceptions ofeconomic policy and the role of government in a free society. Adam Smith's vision ofa limited democracy operating to protect persons and prop erty has been increasinglyreplaced by a vision ofapaternalistic state that is designed to protect special interests at the expense of the larger society. Many of the contributors to this volume point to the lack oflong-run rules designed to promote sound money, fiscal integ rity, and open markets asthe fundamental flawofmodern democratic governments. Although the authors disagree on the specific rules to adopt, the consensus is that a constitutional perspective is needed to ensure astable worldorder. Moreover, since such aperspective must bedeveloped at home before it can spread among nations, the search for optimal international policy coordination is generally seen as misguided. Many ofthe essays in this volume were initially presented at the Cato Institute's Sixth Annual Monetary Conference held in Wash ington, D.C., February 25-26, 1988.
U.S. International Trade in Goods and Services
Author : Anonim
Publisher : Unknown
Page : 588 pages
File Size : 48,5 Mb
Release : 2024-07-03
Category : Commercial statistics
ISBN : STANFORD:36105113729870
U.S. International Trade in Goods and Services by Anonim Pdf
Monetary Policy Credibility and Exchange Rate Pass-Through
Author : Mr.Yan Carriere-Swallow,Bertrand Gruss,Mr.Nicolas E Magud,Mr.Fabian Valencia
Publisher : International Monetary Fund
Page : 33 pages
File Size : 44,7 Mb
Release : 2016-12-13
Category : Business & Economics
ISBN : 9781475560312
Monetary Policy Credibility and Exchange Rate Pass-Through by Mr.Yan Carriere-Swallow,Bertrand Gruss,Mr.Nicolas E Magud,Mr.Fabian Valencia Pdf
A long-standing conjecture in macroeconomics is that recent declines in exchange rate pass-through are in part due to improved monetary policy performance. In a large sample of emerging and advanced economies, we find evidence of a strong link between exchange rate pass-through to consumer prices and the monetary policy regime’s performance in delivering price stability. Using input-output tables, we decompose exchange rate pass-through to consumer prices into a component that reflects the adjustment of imported goods at the border, and another that captures the response of all other prices. We find that price stability and central bank credibility have reduced the second component.
The Threat of Inflation
Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Publisher : Unknown
Page : 264 pages
File Size : 51,5 Mb
Release : 1987
Category : Fiscal policy
ISBN : UCR:31210007267188
The Threat of Inflation by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy Pdf
Trading the Fixed Income, Inflation and Credit Markets
Author : Neil C. Schofield,Troy Bowler
Publisher : John Wiley & Sons
Page : 324 pages
File Size : 46,9 Mb
Release : 2011-10-03
Category : Business & Economics
ISBN : 9781119960775
Trading the Fixed Income, Inflation and Credit Markets by Neil C. Schofield,Troy Bowler Pdf
Trading the Fixed Income, Inflation and Credit Markets is a comprehensive guide to the most popular strategies that are used in the wholesale financial markets, answering the question: what is the optimal way to express a view on expected market movements? This relatively unique approach to relative value highlights the pricing links between the different products and how these relationships can be used as the basis for a number of trading strategies. The book begins by looking at the main derivative products and their pricing interrelationships. It shows that within any asset class there are mathematical relationships that tie together four key building blocks: cash products, forwards/futures, swaps and options. The nature of these interrelationships means that there may be a variety of different ways in which a particular strategy can be expressed. It then moves on to relative value within a fixed income context and looks at strategies that build on the pricing relationships between products as well as those that focus on how to identify the optimal way to express a view on the movement of the yield curve. It concludes by taking the main themes of relative value and showing how they can be applied within other asset classes. Although the main focus is fixed income the book does cover multiple asset classes including credit and inflation. Written from a practitioner's perspective, the book illustrates how the products are used by including many worked examples and a number of screenshots to ensure that the content is as practical and applied as possible.
The Future of the Dollar
Author : Eric Helleiner,Jonathan Kirshner
Publisher : Cornell University Press
Page : 272 pages
File Size : 49,6 Mb
Release : 2012-09-15
Category : Business & Economics
ISBN : 9780801457494
The Future of the Dollar by Eric Helleiner,Jonathan Kirshner Pdf
For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.
Exports, Inflation, and Growth
Author : Thorvaldur Gylfason
Publisher : International Monetary Fund
Page : 40 pages
File Size : 47,5 Mb
Release : 1997-09-01
Category : Business & Economics
ISBN : 9781451854138
Exports, Inflation, and Growth by Thorvaldur Gylfason Pdf
This paper identifies some of the main determinants of exports and economic growth in cross-sectional data from the World Bank, covering 160 countries in the period 1985-1994. First, the linkages between the propensity to export and population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the relationship between economic growth and some of the above-mentioned determinants of exports and investment are scrutinized the same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources tended to be associated with low exports and slow growth.