Exchange rate regimes

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

Chapter 12 The open economy revisited: the Mundell-Fleming model and the exchange-rate regime. After studying this chapter you will be able to understand: The Mundell-Fleming model (IS-LM for the small open economy), causes and effects of interest rate differentials, arguments for fixed vs. floating exchange rates, how to derive the aggregate demand curve for a small open economy.

45p lovebychance02 04-05-2021 20 1   Download

This paper considers an application of the Markov switching vector error correction model to the analysis of the long-run and the short-run dependence of Russian real GDP and real exchange on oil prices. An algorithm for estimation of the model with a priori information on a state of hidden Markov chain in some periods of time is provided.

11p caygaocaolon11 18-04-2021 21 2   Download

The performance and water use efficiency (WUE) of Chrysanthemum var. Marigold was evaluated under two moisture regimes, i.e., 100 % FC and 70 % FC imposed and maintained using gravimetric method. At 100 % FC, the plant height (30.33 cm), average plant spread (38.21 cm), number of primary branches/plant (5.67) and secondary branches/plant (4.67), number of leaves/plant (71.67), number of flowers/plant (136.75), average weight of individual flowers (7.21g), RWC (94.29%), root: shoot ratio (0.42), total fresh bio mass (153.09 g), flower yield (881.67 g / plant) and shelf life of 7.

14p angicungduoc6 22-07-2020 10 2   Download

Chapter 11 - The international monetary system. The main goals of this chapter are to: Present a historical overview of the main forms of the international monetary system, explain how the international monetary (IMF) system functions and some major current issues related to the IMF, understand the case for a fixed rate regime and for a floating exchange rate regime,...

17p nanhankhuoctai1 29-05-2020 20 2   Download

In this paper, we attempt to estimate reaction functions of the Central Bank of the Republic of Turkey (CBRT) based on Taylor rule and Hybrid McCallum-Taylor rule. We apply Generalized Methods of Moments (GMM) and Limited Information Maximum Likelihood (LIML) methods for estimating monetary policy reaction functions, over the period when the CBRT has conducted inflation targeting by using nominal interest rate as a monetary policy tool in free floating exchange rate regime.

10p nguyenminhlong19 21-04-2020 15 0   Download

The purpose of this paper is to examine whether the choice of exchange rate regime can affect the likelihood of banking crises in emerging countries. We estimate the impact of exchange rate arrangements on crises in a panel-data set of 56 emerging countries using a logit method. We find that adopting a fixed exchange rate diminishes the probability of occurrence of banking crises.

17p nguyenminhlong19 21-04-2020 18 1   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

This paper investigates the optimal exchange rate regime in a group of ASEAN countries, which minimises the adverse effects of foreign demand shocks on real output, the real exchange rate, price level and between-country income gap. Using a panel structural vector autoregressive model for small open economies, we show that the extent by which foreign demand shocks influence the between-country income gap depends on the exchange rate regime and the transmission channels through output, the price level and the real exchange rate.

37p caygaocaolon4 04-04-2020 22 2   Download

In this paper we analyzed the degree of consistency between the exchange regulations in force in Morocco and the operational framework of the foreign forex under a flexible exchange rate regime. The study showed, based on a dual approach, theoretical and empirical, that the exchange regulation in force in Morocco is broadly consistent with the scope of operation of the foreign forex under a flexible exchange rate regime.

12p trinhthamhodang2 21-01-2020 17 1   Download

This article has the purpose to analyze the relevance of adopted in Morocco, in view of the proposal of a new exchange controls regime for Morocco. Specifically, this article aims to provide answers to the following question: the exchange control regime in Morocco characterized by convertibility for current transactions and financial transactions of non-residents and inconvertibility for financial transactions of residents is appropriate for the case of the Moroccan economy? Or in other words, Morocco may establish a full convertibility regime of the dirham.

15p trinhthamhodang2 21-01-2020 23 1   Download

Wadi El Raiyan is a great depression located southwest of Cairo in the Western Desert of Egypt. Lake Qarun, located north of the study area, is a closed basin with a high evaporation rate. The source of water in the lake is agricultural and municipal drainage from the El Faiyum province. In 1973, Wadi El Raiyan was connected with the agricultural wastewater drainage system of the Faiyum province and received water that exceeded the capacity of Lake Qarun. Two hydrogeological regimes have been established in the area: (i) higher cultivated land and (ii) lower Wadi El Raiyan depression lakes.

14p trinhthamhodang1 16-11-2019 19 0   Download

Chapter 15 - Foreign exchange: The structure and operation of the FX market. This chapter include objectives: Understand the nature of global FX markets, discuss participants in the FX markets, describe the functions and operations of FX markets, outline instruments traded in FX markets.

48p shiwo_ding8 29-06-2019 37 4   Download

The calculations are based on the linearized Boltzmann equation (BE) and the relaxation time approximation, assuming the scattering by acoustic phonons to be quasi-elastic. We consider three physically distinct temperature ranges with respect to phonon scattering: the Bloch-Gruneisen ¨ (BG), equipartition (EP), and inelastic regimes.

10p thuyliebe 08-10-2018 25 2   Download

(bq) part 2 book "macroeconomics - a european perspective" has contents: technological progress and growth; financial markets and expectations; expectations, output and policy; expectations, output and policy; exchange rate regimes, high inflation; monetary and fiscal policy rules and constraints,... and other contents.

323p bautroibinhyen23 02-04-2017 65 3   Download

(bq) part 2 book "macroeconomics" has contents: technological progress and growth; technological progress - the short, the medium, and the long run; the goods market in an open economy; output, the interest rate, and the exchange rate; exchange rate regimes,...and other contents.

308p bautroibinhyen23 02-04-2017 37 3   Download

Chapter 20 - International financial policy. After reading this chapter, you should be able to: Summarize the balance of payments accounts and explain the relationship between the current account and the financial and capital account, explain how exchange rates are determined and how government can influence them, discuss the problem of determining the appropriate exchange rate, differentiate various exchange rate regimes and discuss the advantages and disadvantages of each.

17p whocarea 05-09-2016 36 1   Download

Chapter 3 "International Monetary Market" lecture Multinational financial management introduce to you the content: History of the international monetary system, eurocurrencies and their markets, different exchange rate regimes,...

14p grintokyro 11-01-2016 95 6   Download