The Determinants Of Exchange Rate Flexibility And The Theory Of Optimum Currency Areas
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Author | : Nombulelo Duma |
Publisher | : |
Total Pages | : |
Release | : 2000 |
Genre | : Dissertations, Academic |
ISBN | : |
Download The Determinants of Exchange Rate Flexibility and the Theory of Optimum Currency Areas Book in PDF, Epub and Kindle
Author | : Edward Tower |
Publisher | : |
Total Pages | : 0 |
Release | : 1976 |
Genre | : |
ISBN | : |
Download The Theory of Optimum Currency Areas and Exchange-rate Flexibility Book in PDF, Epub and Kindle
Author | : Edward Tower |
Publisher | : |
Total Pages | : 98 |
Release | : 1976 |
Genre | : |
ISBN | : |
Download The Theory of Optimum Currency Areas and Exhange-rate Flexibility Book in PDF, Epub and Kindle
Author | : Tamim A. Bayoumi |
Publisher | : |
Total Pages | : 40 |
Release | : 1998 |
Genre | : Foreign exchange administration |
ISBN | : |
Download Exchange Rate Volatility and Intervention Book in PDF, Epub and Kindle
Author | : Mr.Tamim Bayoumi |
Publisher | : International Monetary Fund |
Total Pages | : 22 |
Release | : 1994-04-01 |
Genre | : Business & Economics |
ISBN | : 1451846177 |
Download A Formal Model of Optimum Currency Areas Book in PDF, Epub and Kindle
A model of optimum currency areas is presented using a general equilibrium model with regionally differentiated goods. The choice of a currency union depends upon the size of the underlying disturbances, the correlation between these disturbances, the costs of transactions across currencies, factor mobility across regions, and the interrelationships between demand for different goods. It is found that, while a currency union can raise the welfare of the regions within the union, it unambiguously lowers welfare for those outside the union.
Author | : Mr.Robert P. Flood |
Publisher | : International Monetary Fund |
Total Pages | : 9 |
Release | : 1991-09-01 |
Genre | : Business & Economics |
ISBN | : 1451851324 |
Download Exchange Rate Regime Choice Book in PDF, Epub and Kindle
Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which can be directed toward mitigating the distortionary effects of price or information rigidities. In this paradigm the optimal degree of exchange rate flexibility is found to depend of the source and nature of shocks hitting an economy. More recent literature views the exchange rate as a widely and frequently seen manifestation of government policy with careful exchange-rate management emerging as a tool that can enhance shaky policy credibility.
Author | : Edward Tower |
Publisher | : |
Total Pages | : 240 |
Release | : 1974 |
Genre | : Foreign exchange rates |
ISBN | : |
Download Theory of Optimum Currency Areas and Exhange Rate Flexibility Book in PDF, Epub and Kindle
Author | : Jacques Melitz |
Publisher | : |
Total Pages | : 44 |
Release | : 1993 |
Genre | : Commerce |
ISBN | : |
Download The Theory of Optimum Currency Areas, Trade Adjustment and Trade Book in PDF, Epub and Kindle
Author | : Mr.Kenneth Rogoff |
Publisher | : International Monetary Fund |
Total Pages | : 85 |
Release | : 2003-12-01 |
Genre | : Business & Economics |
ISBN | : 1451875843 |
Download Evolution and Performance of Exchange Rate Regimes Book in PDF, Epub and Kindle
Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
Author | : Joshua Aizenman |
Publisher | : |
Total Pages | : 24 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download A Theory of Optimum Currency Areas Book in PDF, Epub and Kindle
Starting with Friedman and Mundell the academic literature has conducted a high level debate concerning the design of cross-country monetary arrangements. That debate has become very complex and the data requirements necessary for appropriate application of the principles developed are far beyond the means of the very nations for which the principles might be valuable. In this paper we return to the simplicity of the early arguments and formalize them in a way that may be helpful for currency area decisions where little is known about economic structure.