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Author : J. Ahmad
Release : 1984-06-28
Genre : Business & Economics
Kind : eBook
Book Rating : 742/5 ( reviews)
Book Synopsis Floating Exchange Rates and World Inflation by : J. Ahmad
Download or read book Floating Exchange Rates and World Inflation written by J. Ahmad. This book was released on 1984-06-28. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joseph E. Gagnon
Release : 2011
Genre : Business & Economics
Kind : eBook
Book Rating : 356/5 ( reviews)
Book Synopsis Flexible Exchange Rates for a Stable World Economy by : Joseph E. Gagnon
Download or read book Flexible Exchange Rates for a Stable World Economy written by Joseph E. Gagnon. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.
Author : W. Max Corden
Release : 1986-02-15
Genre : Business & Economics
Kind : eBook
Book Rating : 825/5 ( reviews)
Book Synopsis Inflation, Exchange Rates, and the World Economy by : W. Max Corden
Download or read book Inflation, Exchange Rates, and the World Economy written by W. Max Corden. This book was released on 1986-02-15. Available in PDF, EPUB and Kindle. Book excerpt: The previous editions of this work were praised as lucid and insightful introductions to a complicated subject. This third edition incorporates major additions to update the survey while retaining its clarity. Selected from the second edition are essential chapters on developments in balance-of-payments theories, inflation and exchange rates, the international adjustment to the oil price rise, and monetary integration in Europe. In three new chapters, Corden considers the international transmission of economic disturbances, the international macrosystem, and macroeconomic policy coordination.
Author : United States. General Accounting Office
Release : 1984
Genre : Foreign exchange
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Floating Exchange Rates in an Interdependent World by : United States. General Accounting Office
Download or read book Floating Exchange Rates in an Interdependent World written by United States. General Accounting Office. This book was released on 1984. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Franz Gehrels
Release : 2012-12-06
Genre : Business & Economics
Kind : eBook
Book Rating : 988/5 ( reviews)
Book Synopsis Real Adjustment Processes under Floating Exchange Rates by : Franz Gehrels
Download or read book Real Adjustment Processes under Floating Exchange Rates written by Franz Gehrels. This book was released on 2012-12-06. Available in PDF, EPUB and Kindle. Book excerpt: Helmut Schneider 1. The Formulation of the Research Programme 1. In the late sixties the acceleration of US inflation revived the discussion of the fifties about the superiority of flexible exchange rates: The US balance of payments deteriorated since 1965, the dollar shortage after World War II changed to a dollar surplus. The import of US inflation by their main trading partners intensified political pressures so that at the beginning of the seventies most leading countries decided, contrary to the rules of the Bretton Woods agreement, to stop their intervention in the market for foreign exchange and to let the exchange rates be determined by market forces. It is worthwhile recalling that at that time one had only very limited experience with the regime of flexible exchange rates: The most important case, the floating of Canadian against the US dollar, could not be generalized to a world where nearly all important countries adhered to the regime of flexible exchange rates. ! - But one really had rich experience with destabilizing capital flows (or "hot money") that forced monetary authorities to adjust exchange rates in a system of managed flexibility to the expecta tions of "speculators".
