Capital Inflows The Current Account And The Real Exchange Rate
Download Capital Inflows The Current Account And The Real Exchange Rate full books in PDF, epub, and Kindle. Read online free Capital Inflows The Current Account And The Real Exchange Rate ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : William C. Gruben |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 247 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 1461561752 |
Download Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy Book in PDF, Epub and Kindle
The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.
| Author | : E. Murat Ucer |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 1997-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451841590 |
Download Fiscal Imbalances, Capital Inflows, and the Real Exchange Rate Book in PDF, Epub and Kindle
This paper examines the links between fiscal policy, capital inflows, and the real exchange rate in Turkey since the late 1980s. After an overview of recent macroeconomic developments in Turkey, a vector autoregression model is estimated linking government spending, interest rate differentials, capital inflows, and the temporary component of the real exchange rate. Positive shocks to government spending and capital inflows lead to an appreciation of the temporary component of the real exchange rate, whereas positive shocks to the uncovered interest rate differential lead to a capital inflow and an appreciation of the temporary component of the real exchange rate. The findings highlight the role of fiscal adjustment in restoring macroeconomic stability.
| Author | : Reuven Glick |
| Publisher | : Cambridge University Press |
| Total Pages | : 148 |
| Release | : 1998-06-13 |
| Genre | : Business & Economics |
| ISBN | : 9780521623230 |
Download Managing Capital Flows and Exchange Rates Book in PDF, Epub and Kindle
"This is a very timely book that brings the reader to the forefront of current research on macroeconomic policy issues in economies subject to sizable capital flows".--Guillermo A. Calvo, University of Maryland.
| Author | : Rebecca Driver |
| Publisher | : Routledge |
| Total Pages | : 436 |
| Release | : 2013-04-15 |
| Genre | : Business & Economics |
| ISBN | : 1134261985 |
Download Exchange Rates, Capital Flows and Policy Book in PDF, Epub and Kindle
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.
| Author | : Guillermo A. Calvo |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 1993-08 |
| Genre | : Business & Economics |
| ISBN | : |
Download The Capital Inflows Problem Book in PDF, Epub and Kindle
Since 1990 capital has started to move from industrial countries to developing regions like Latin America, the Middle East and parts of Asia. Reentry into international capital markets is a welcome turn of events for most countries. However, capital inflows are often associated with inflationary pressures, a real exchange rate appreciation, a deterioration in the current account, and a boom in bank lending. This paper briefly examines how these inflows have altered the macroeconomic environment in a number of Asian and Latin American countries. The pros and cons of a menu of policy options are discussed.
| Author | : Sebastian Edwards |
| Publisher | : Cambridge University Press |
| Total Pages | : 452 |
| Release | : 1997-06-13 |
| Genre | : Business & Economics |
| ISBN | : 9780521597111 |
Download Capital Controls, Exchange Rates, and Monetary Policy in the World Economy Book in PDF, Epub and Kindle
The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.
| Author | : Mr.Guillermo Calvo |
| Publisher | : International Monetary Fund |
| Total Pages | : 66 |
| Release | : 1992-08-01 |
| Genre | : Business & Economics |
| ISBN | : 1451964455 |
Download Capital Inflows and Real Exchange Rate Appreciation in Latin America Book in PDF, Epub and Kindle
The characteristics of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of those conditions may lead to a future capital outflow, increasing the macroeconomic vulnerability of Latin American economies. Policy options are argued to be limited.
| Author | : Mr.Tidiane Kinda |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2011-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1455211877 |
Download Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate Book in PDF, Epub and Kindle
This paper analyzes the impact of capital inflows and exchange rate flexibility on the real exchange rate in developing countries based on panel cointegration techniques. The results show that public and private flows are associated with a real exchange rate appreciation. Among private flows, portfolio investment has the highest appreciation effect-almost seven times that of foreign direct investment or bank loans-and private transfers have the lowest effect. Using a de facto measure of exchange rate flexibility, we find that a more flexible exchange rate helps to dampen appreciation of the real exchange rate stemming from capital inflows.
| Author | : Mr.Bassem Kamar |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2010-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1455201375 |
Download The Impact of Capital and Foreign Exchange Flowson the Competitiveness of Developing Countries Book in PDF, Epub and Kindle
Attracting capital and foreign exchange flows is crucial for developing countries. Yet, these flows could lead to real exchange rate appreciation and may thus have detrimental effects on competitiveness, jeopardizing exports and growth. This paper investigates this dilemma by comparing the impact of six types of capital and foreign exchange flows on real exchange rate behavior in a sample of 57 developing countries covering Africa, Europe, Asia, Latin America, and the Middle East. The results reveal that portfolio investments, foreign borrowing, aid, and income lead to real exchange rate appreciation, while remittances have disparate effects across regions. Foreign direct investments have no effect on the real exchange rate, contributing to resolve the above dilemma.
| Author | : Mr.Alexander W. Hoffmaister |
| Publisher | : International Monetary Fund |
| Total Pages | : 50 |
| Release | : 1996-12-01 |
| Genre | : Business & Economics |
| ISBN | : 1451855877 |
Download Capital Inflows and the Real Exchange Rate Book in PDF, Epub and Kindle
This paper examines the links between capital inflows and the real exchange rate under pegged exchange rates. The analytical framework is described, and a near-VAR model linking capital inflows, interest rate differentials, government spending, money base velocity, and the temporary component of the real exchange rate (TCRER) is estimated for Korea, Mexico, the Philippines, and Thailand. TCRER movements are associated only weakly with shocks to capital flows. Negative shocks to U.S. interest rates lead to capital inflows in Asia and a TCRER appreciation in the Philippines and Thailand. Positive shocks to government spending have a small but statistically significant effect on the TCRER for Korea.
