Currency regime

Ebook "The Asian financial crisis: Crisis, reform and recovery" provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.

409p tuongnhuoclan 28-11-2023 6 5   Download

Ebook "National currencies and globalization: Endangered specie?" provides for the efficient allocation of resources, the possibilities which this creates for financial crises and traders who act as agents removed from the concerns of national citizens have come to symbolize the phenomenon, hopes and fears of ‘globalization’.

224p loivantrinh 29-10-2023 9 3   Download

Ebook "Playing monopoly with the devil: Dollarization and domestic currencies in developing countries" opens with an entertaining story of the Devil, who, through a series of common macroeconomic maneuvers, coaches the president of a mythical country into financial ruin. This ruler’s path is not unlike that taken in several real developing countries, to their detriment.

296p loivantrinh 29-10-2023 4 3   Download

This study investigates the relationship between cross-sectional carry trade returns and global foreign exchange volatility risk. During periods of high volatility innovations, the average carry trade returns on emerging markets are higher than that of all countries or developed economies. Furthermore, the average returns on managed-float and fixed-rate carry trades are significantly higher than that of freefloat carry trade. Government currency intervention in emerging markets can explain these differences.

52p nguyenminhlong19 21-04-2020 16 0   Download

The government of Zimbabwe adopted a multiple currency regime in January 2009 after a decade of economic decline. The new regime brought with it benefits to the economy and helped restart financial intermediation. Despite these benefits, many banks are facing challenges of liquidity risk. This paper empirically investigates the determinants of Zimbabwean commercial banks liquidity risk after the country adopted the use of multiple currencies exchange rate system. To do so, panel data regression analysis is used on monthly data from March 2009 to December 2012.

18p 035522894 13-04-2020 26 1   Download

Chapter 11 - International taxation. Taxes and international business decisions; differences in national corporate tax and withholding tax regimes; overlapping tax jurisdictions and double taxation; foreign tax credits; controlled foreign corporations, subpart f income, and foreign tax credit baskets; tax treaties; foreign currency translation for tax purposes; tax incentives.

32p nomoney2 10-02-2017 34 4   Download

The main regulatory changes made during 2010 where in New Zealand, Chile, Hungary and Turkey. With regards to New Zealand, responses contained in Tables 1 and 4 have been modified to reflect the requirement of a restriction on the amount of Growth Assets being not less than 15% or more than 25% of the default allocated members assets in growth assets for the KiwiSaver In Chile, the Investment Regime changed the definition of hedging in January 2010. Until 2009, the hedging was made in relation to the denomination currency of mutual funds and investment funds.

40p khanhchilam 29-03-2013 66 10   Download

Economic reforms implemented since the formation of the GPA have borne positive results for the economy. Real GDP grew by about 6% in 2009 and is estimated to have risen strongly to about 9.0% in 2010, reflecting strong performances in mining (47% growth) due to rising mineral and metal prices and higher agricultural output arising from higher output of tobacco, sugar, maize and cotton. Increases in agricultural output (34% growth) have historically supported manufacturing sector production (Box 1).

24p lenh_hoi_xung 01-03-2013 49 6   Download

The economic reforms implemented since the signing of the GPA have borne positive results for the economy. Real GDP grew by about 6% in 2009 and is estimated to have grown by 9% in 2010. The adoption of the multi-currency regime along with the tightening of fiscal policy stance through the implementation of a cash-based budget system has helped Zimbabwe to bring down inflation to the commendable level of 3.0% by end-April 2011. In the medium term, Zimbabwe’s prospects and performance will be largely determined by political developments and how these impact the economy.

5p lenh_hoi_xung 01-03-2013 61 6   Download

The paper seeks to assess how a major policy regime change – such as the introduction of the currency board in Bulgaria – affects the flow of bank credit to the corporate sector. An attempt is made to identify the determinants of corporate credit separately from the viewpoint of lenders and borrowers. The estimated credit supply and credit demand equations provide empirical evidence of important changes in microeconomic behavioral patterns which can be associated with the policy regime change.

49p enterroi 01-02-2013 63 5   Download

Bulgaria’s difficult transition from plan to market was marked by persistent macroeconomic and financial instability leading to a major economic collapse in 1996-1997. In 1997 a currency board arrangement (CBA) was established as a “policy of last resort” with the aim to impose fiscal and financial discipline. The change in the monetary regime was accompanied by a comprehensive package of policy reforms affecting not only the macroeconomic but also the institutional environment and the functioning of the financial system.

36p enterroi 01-02-2013 52 3   Download

International credit, defined here as foreign currency and cross-border credit, can pose particular risks to an economy that is experiencing rapid domestic credit growth. Financial crises in the past two decades have often followed periods of rapid credit expansion accompanied by buoyant asset prices in equity and real estate. In Asia, these risks became evident in the Asian financial crisis of 1997–98. More recently, the countries most affected by the global financial crisis have demonstrated these risks anew.

10p enter1cai 12-01-2013 39 1   Download

Philipp Bagus is a young scholar with a large influence, having forecast all the problems with the Euro and having persuaded many economists on the Continent that this currency is no better than any fiat currency. In some ways it is much worse because it has cartelized the management of European monetary regimes and created a terrible moral hazard. With this book, Professor Bagus brings his scholarship to English readers, explaining the background to the idea of European unity and its heritage of sound money. He explains that the Euro is not what the older classical liberals had hoped for...

160p quatet 08-01-2013 43 6   Download

The role of the state is changing from an omnipresent, omniscient, all-powerful, and all-doing entity that tries to do everything for everyone. The state is trying to be more selective, become more of a facilitator, often an organizer, often a mobilizer and a helper. The state does what it can do effectively and leaves other parts of the civil society, including the private sector, the community or- ganizations, the individuals, and the firms, to do what they can do best.

70p thangbienthai 22-11-2012 55 4   Download

The Asian financial crisis has generated a lot of research, analysis and debate. The exact causes of the crisis are not firmly established, although various hypotheses have been offered. This paper presents one view of the genesis of the East Asian crisis. Several explanations are examined: managed exchange rates, over and undervalued currencies, crony capitalism, asset bubbles, Japanese devaluation, or “too much” capital account liberalization. A large part of the analysis centers around the proposition that the regime of managed exchange rates was at the core of the problem.

40p bimat_exe_0910 03-12-2009 220 47   Download