Speculative Attacks Forward Market Intervention And The Classic Bear Squeeze
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Author | : Mr.Subir Lall |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 1997-12-01 |
Genre | : Business & Economics |
ISBN | : 1451980205 |
Download Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze Book in PDF, Epub and Kindle
A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper addresses the question of how an attack is launched on the forward market, and what the optimal policy response to such speculation is in the forward and spot markets. The paper also demonstrates how central banks can impose a bear squeeze on speculators. Recent events in South East Asian currency markets are interpreted within the framework of the model’s predictions.
Author | : Ms.Inci Ötker |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 1995-11-01 |
Genre | : Business & Economics |
ISBN | : 1451853548 |
Download Speculative Attacks and Currency Crises Book in PDF, Epub and Kindle
This paper estimates a speculative attack model of currency crises in order to identify the role of economic fundamentals and any early warning signals of a potential currency crisis. The data from the Mexican economy was used to illustrate the model. Based on the results, a deterioration in fundamentals appears to have generated high one-step-ahead probabilities for the regime changes during the sample period 1982-1994. Particularly, increases in inflation differentials, appreciations of the real exchange rate, foreign reserve losses, expansionary monetary and fiscal policies, and increases in the share of short-term foreign currency debt appear to have contributed to the market pressures and regime changes in that period.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 144 |
Release | : 2000-01-01 |
Genre | : Business & Economics |
ISBN | : 9781557759801 |
Download Research Activities of the IMF, January 1991-December 1999 Book in PDF, Epub and Kindle
Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.
Author | : R. Armando Morales |
Publisher | : |
Total Pages | : 46 |
Release | : 2001 |
Genre | : Capital market |
ISBN | : |
Download Monetary Implications of Cross-border Derivatives for Emerging Economies Book in PDF, Epub and Kindle
Author | : |
Publisher | : |
Total Pages | : 570 |
Release | : 1995 |
Genre | : Europe, Eastern |
ISBN | : |
Download Ukrainian Economic Review Book in PDF, Epub and Kindle
Author | : Hwa-Seok Oh |
Publisher | : |
Total Pages | : 320 |
Release | : 2000 |
Genre | : Asia |
ISBN | : |
Download Identifying the Role of Macroeconomic Fundamentals in the 1997 Asian Currency Crisis Book in PDF, Epub and Kindle
Author | : Shogo Ishii |
Publisher | : |
Total Pages | : 60 |
Release | : 2001 |
Genre | : Banks and banking, Foreign |
ISBN | : |
Download Measures to Limit the Offshore Use of Currencies Book in PDF, Epub and Kindle
Author | : Mad. Akhtar Hossain |
Publisher | : |
Total Pages | : 514 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Download Exchange Rates, Capital Flows, and International Trade Book in PDF, Epub and Kindle
Author | : International Monetary Fund. Interdepartmental Working Group on Fund Policy Advice |
Publisher | : |
Total Pages | : 92 |
Release | : 1998 |
Genre | : Economics |
ISBN | : |
Download Research Activities of the International Monetary Fund Book in PDF, Epub and Kindle
Author | : Mazilan Musa |
Publisher | : Institute of Islamic Understanding Malaysia |
Total Pages | : 428 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : |
Download The Economic and Financial Imperatives of Globalisation Book in PDF, Epub and Kindle
This book hopes to enlighten readers in the following areas: in understanding existing international trade and finance practices; in exploring the various Islamic guidelines and approaches to international trade and finance; in discussing the Islamic macro-economic responses to the present world economic disorder; and in finding micro-economic solutions (such as Islamic infrastructure financing and corporate bonds) to the present world economic disorder.