Currency Appreciation and Structural Economic Change
Author | : Horst Albach |
Publisher | : |
Total Pages | : 200 |
Release | : 1998 |
Genre | : |
ISBN | : |
Download Currency Appreciation and Structural Economic Change Book in PDF, Epub and Kindle
Download Currency Appreciation And Structural Economic Change full books in PDF, epub, and Kindle. Read online free Currency Appreciation And Structural Economic Change ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Horst Albach |
Publisher | : |
Total Pages | : 200 |
Release | : 1998 |
Genre | : |
ISBN | : |
Author | : Horst Albach |
Publisher | : |
Total Pages | : 216 |
Release | : 1998 |
Genre | : Currency question |
ISBN | : |
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 1988-09-01 |
Genre | : Business & Economics |
ISBN | : 1451955650 |
This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation dominate the expansionary effects so that GDP and employment fall and the external surplus declines only little. In the alternative (and polar opposite) case of free movement of goods, services, and factors, the expansionary effects of the appreciation become more prominent as supply and demand respond much more readily to the relative price changes.
Author | : Paul J.J. Welfens |
Publisher | : Springer Science & Business Media |
Total Pages | : 290 |
Release | : 2005-12-06 |
Genre | : Political Science |
ISBN | : 3540285261 |
Structural change, economic growth and adequate exchange rate adjustment are key challenges in the context of EU eastern enlargement as are consistent macroeconomic policies. The authors focus on sectoral adjustment across industries in catching-up countries and explain changes in the composition of output – this includes new aspects of the Chenery model. They describe and analyze the spatial pattern of specialization and adjustment in many countries. Theoretical and empirical analysis of foreign direct investment, innovation and structural change shed new light on economic dynamics in Old Europe and New Europe. As regards exchange rate dynamics both traditional aspects (such as the Balassa-Samuelson effect) and new approaches to understanding exchange rate developments are presented. Links between exchange rate changes and innovation are particularly emphasized.
Author | : Wei-Bin Zhang |
Publisher | : Routledge |
Total Pages | : 395 |
Release | : 2008-07-23 |
Genre | : Business & Economics |
ISBN | : 1134043716 |
This book answers some challenging questions in monetary growth theory within a compact theoretical framework. The author succeeds in integrating the theory of money, the theory of value and the theory of growth. The book re-examines many important ideas in modern monetary economics within a single analytical framework. It is concerned not only wit
Author | : Fiseha Haile |
Publisher | : |
Total Pages | : 33 |
Release | : 2019 |
Genre | : |
ISBN | : |
Ethiopia has achieved sustained high growth for more than a decade. At the same time, the country has been facing several economic challenges, including falling exports, chronic foreign currency shortages, as well as a slow pace of structural transformation. In recent years, the already overvalued birr has appreciated sharply in real terms, partly driven by the appreciation of the dollar, thereby making Ethiopia's competitiveness and industrialization drive more difficult. In response to these challenges, this paper looks at the question of why the real exchange rate is a useful policy instrument. The analysis suggests that Ethiopia needs a more flexible exchange rate policy. A competitive or undervalued exchange rate is important in bringing about productivity-enhancing structural change. There is robust evidence that a real devaluation stimulates exports in general and manufacturing exports in particular, improves the trade and current account balances, and spurs economic growth. Currency undervaluation is a second-best policy intervention that can help offset some of the key constraints to manufacturing growth prevalent in low-income countries and speed up structural transformation. However, exchange rate adjustments need to take into account the increase in the cost of capital imports and debt burden.
Author | : Klaus-Dieter Schmidt |
Publisher | : |
Total Pages | : 40 |
Release | : 1997 |
Genre | : |
ISBN | : |
Author | : Fiseha Haile Gebregziabher |
Publisher | : |
Total Pages | : 33 |
Release | : 2019 |
Genre | : |
ISBN | : |
Ethiopia has achieved sustained high growth for more than a decade. At the same time, the country has been facing several economic challenges, including falling exports, chronic foreign currency shortages, as well as a slow pace of structural transformation. In recent years, the already overvalued birr has appreciated sharply in real terms, partly driven by the appreciation of the dollar, thereby making Ethiopia?s competitiveness and industrialization drive more difficult. In response to these challenges, this paper looks at the question of why the real exchange rate is a useful policy instrument. The analysis suggests that Ethiopia needs a more flexible exchange rate policy. A competitive or undervalued exchange rate is important in bringing about productivity-enhancing structural change. There is robust evidence that a real devaluation stimulates exports in general and manufacturing exports in particular, improves the trade and current account balances, and spurs economic growth. Currency undervaluation is a second-best policy intervention that can help offset some of the key constraints to manufacturing growth prevalent in low-income countries and speed up structural transformation. However, exchange rate adjustments need to take into account the increase in the cost of capital imports and debt burden.
Author | : Kwang Suk Kim |
Publisher | : BRILL |
Total Pages | : 224 |
Release | : 2020-03-17 |
Genre | : History |
ISBN | : 1684172195 |
This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.
Author | : Ronald MacDonald |
Publisher | : Routledge |
Total Pages | : 334 |
Release | : 2005 |
Genre | : Foreign exchange |
ISBN | : 1134838220 |
''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""