Currency Speculation In Fixed Exchange Rate Regimes
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Author | : Anja Zenker |
Publisher | : Springer Science & Business Media |
Total Pages | : 142 |
Release | : 2014-01-08 |
Genre | : Business & Economics |
ISBN | : 3658048298 |
Download Currency Speculation in Fixed Exchange Rate Regimes Book in PDF, Epub and Kindle
Speculative currency crises seem to have become a common and inevitable phenomenon in the international monetary system. Against this background, various approaches have been developed by economists to cover the broad range of situations in which balance-of-payments crises occurred. Anja Zenker provides a comprehensive insight into the body of theoretical and empirical literature about currency speculation in fixed exchange rate regimes. The author discusses different generations of theoretical models and their empirical relevance in recent currency crises. Moreover, she considers diverse policy options which attempt to avoid speculative attacks on exchange rate pegs.
Author | : Ivan Pastine |
Publisher | : |
Total Pages | : 60 |
Release | : 2001 |
Genre | : Foreign exchange administration |
ISBN | : |
Download Speculation and the Decision to Abandon a Fixed Exchange Rate Regime Book in PDF, Epub and Kindle
Author | : Laurence Krause |
Publisher | : Routledge |
Total Pages | : 314 |
Release | : 2019-07-11 |
Genre | : Political Science |
ISBN | : 1000312895 |
Download Speculation And The Dollar Book in PDF, Epub and Kindle
I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.
Author | : Alpo Willman |
Publisher | : |
Total Pages | : 44 |
Release | : 1987 |
Genre | : Devaluation of currency |
ISBN | : |
Download Devaluation Expectations and Speculative Attacks on the Currency Book in PDF, Epub and Kindle
Author | : Jan Herin |
Publisher | : Routledge |
Total Pages | : 290 |
Release | : 2019-03-12 |
Genre | : Political Science |
ISBN | : 0429728174 |
Download Flexible Exchange Rates/h Book in PDF, Epub and Kindle
This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
Author | : Y. H. Lui |
Publisher | : |
Total Pages | : 36 |
Release | : 1990 |
Genre | : Foreign exchange |
ISBN | : |
Download On Fixed and Flexible Exchange Rate Regimes Book in PDF, Epub and Kindle
Author | : Peter J. Quirk |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 1994-11-01 |
Genre | : Business & Economics |
ISBN | : 1451855532 |
Download Fixed or Floating Exchange Regimes Book in PDF, Epub and Kindle
This paper reviews recent experience with the choice of floating or fixed (“anchor”) exchange regimes in industrial and developing countries. It concludes that desirable differences between the two sets of regimes have narrowed, owing to the useful operational role of exchange rate margins and unavoidable medium-term rate adjustments in the context of fixed regimes. A survey of recent empirical cross-country literature also suggests little unambiguous association of the choice of exchange regime with macroeconomic performance, inflation in particular. Stability of the exchange rate has generally been a by-product of other policy choices. Even announcement effects of the regime on inflation-fighting credibility depend on the country-specific assignments of policy instruments to more than one institution--central bank, government, or regional and multilateral institutions.
Author | : Sujit Chakravorti |
Publisher | : |
Total Pages | : |
Release | : 2002 |
Genre | : |
ISBN | : |
Download The Double Play Book in PDF, Epub and Kindle
This paper investigates the potential for foreign speculators to profit from simultaneously taking short positions in foreign exchange and equity markets under a fixed exchange rate regime, in what has been termed as the quot;double play.quot; Such a strategy is considered when the monetary authority is faced with two conflicting objectives-exchange rate stability and low interest rates. While the monetary authority may not be able to directly intervene to stabilize interest rates under the fixed exchange rate regime, it may consider intervention in equity markets to head off speculative pressure on interest rates. The model determines market conditions where speculators may find the double play strategy profitable and the impact of government intervention on speculative short equity positions and the interest rate, concluding that intervention can never simultaneously reduce speculation in the equity and the money markets. In the case where country fundamentals are strong, intervention while reducing short positions in equity markets actually increases short positions in the money market and induces higher interest rates. The paper concludes by discussing the Hong Kong Monetary Authority's intervention in the Hong Kong equity market within the context of this model.
Author | : Robert P. Flood |
Publisher | : MIT Press |
Total Pages | : 528 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : 9780262061698 |
Download Speculative Bubbles, Speculative Attacks, and Policy Switching Book in PDF, Epub and Kindle
The papers in this book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate regimes) is international in scope; and the third, on policy switching, is concerned with monetary policy.
Author | : Mark C. Hrycay |
Publisher | : |
Total Pages | : 212 |
Release | : 1997 |
Genre | : Foreign exchange rates |
ISBN | : |
Download Speculative Attacks on Fixed Exchange Rate Regimes Book in PDF, Epub and Kindle