[PDF] Explaining Mark Dollar And Yen Dollar Exchange Rates In The 1980s eBook

Author : Hans Visser
Publisher : Edward Elgar Publishing
Page : 276 pages
File Size : 17,17 MB
Release : 2006-01-01
Category : Business & Economics
ISBN : 9781845423643

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A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third edition emphasises recent developments such as the creation and expansion of the euro and the radical solution of dollarisation. The book is a concise treatment of this complex field and does not encumber the reader with a surfeit of potentially distracting Institutional details.

Author : Mr.Jacob A. Frenkel
Publisher : International Monetary Fund
Page : 508 pages
File Size : 38,61 MB
Release : 1996-04-24
Category : Business & Economics
ISBN : 9781557755544

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The fiftieth anniversary of the Bretton Woods Conference served as an opportunity to reappraise the desirability of strengthening the IMF's oversight of the functioning of the international monetary system. Whatever the design of an exchange rate system and the arrangements for the provision of international liquidity, it is widely accepted that to be effective such oversight must rest on a strong analytic foundation. These two volumes, edited by Jacob A. Frenkel and Morris Goldstein, present 30 analytic papers on the system as it functioned during 1987-91 and aim at conveying the flavor of those issues that commanded close attention in the Fund's research program.

Author : Mr.Peter B. Clark
Publisher : International Monetary Fund
Page : 39 pages
File Size : 47,19 MB
Release : 1998-05-01
Category : Business & Economics
ISBN : 1451961685

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This paper compares two approaches for examining the extent to which a country’s actual real effective exchange rate is consistent with economic fundamentals: the FEER approach, which involves calculating the real exchange rate that equates the current account at full employment with sustainable net capital flows, and the BEER approach, which uses econometric methods to establish a behavioral link between the real rate and relevant economic variables. An exchange rate model is estimated for the G-3 currencies to provide illustrative comparisons of BEERs and FEERs.

Author : Mr.Mark P. Taylor
Publisher : International Monetary Fund
Page : 61 pages
File Size : 20,57 MB
Release : 1991-06-01
Category : Business & Economics
ISBN : 1451964390

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We survey the literature on the two main views of exchange rate determination that have evolved since the early 1970s: the monetary approach to the exchange rate (in flex-price, sticky-price and real interest differential formulations) and the portfolio balance approach. We then go on to discuss the extant empirical evidence on these models and conclude by discussing how the future research strategy in the area of exchange rate determination is likely to develop. We also discuss the literature on foreign exchange market efficiency, on exchange rates and ‘news’ and on international parity conditions.

Author : Hans Genberg
Publisher : Springer Science & Business Media
Page : 217 pages
File Size : 17,76 MB
Release : 2012-12-06
Category : Business & Economics
ISBN : 3642796818

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HANSGENBERG An international monetary system should provide a stable and predictable environment for international trade and investment. At the very least, it should not by itself be a source of disturbances in the world economy, and it should be designed so that policy errors or unforeseen shocks are not unduly transmitted between countries. In this perspective, worldwide integration of goods and financial markets present a particular challenge. Such integration increases the cross-border effects of economic policies at the same time as interlocking payments and financial systems transmit financial disturbances rapidly throughout the world. As the degree of integration and interdependence changes over time, is not a foregone conc1usion that international monetary institutions and mechanisms always remain well adapted to the state of the world economy. Occasional review of the performance of the system as well as proposals for improvements are therefore necessary. The contributions to this volume have l been brought together with this in mind.

Author : Brendan Brown
Publisher : Routledge
Page : 369 pages
File Size : 12,40 MB
Release : 2017-11-30
Category : Business & Economics
ISBN : 1351346466

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Originally published in 1987, The Flight of International Capital provides a fascinating comprehensive analysis of the history of international money movements. Taking 1931 as the turning point between old-style and modern methods of conducting monetary affairs, the book relates currency shifts and investment trends to political events. He deals with five eras in the history of international capital; the unsettled post-crash period 1931-1936; the flight of capital to the US before World War II; the dollar and Swiss Franc’s time as the only ‘hard monies’ till the late fifties; the emergence of the mark-dollar axis before 1971; and finally, the behaviour of floating currencies.