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Author : Claire Giordano
Release : 2022
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Revisiting the Real Exchange Rate Misalignment-economic Growth Nexus Via the Across-sector Misallocation Channel by : Claire Giordano
Download or read book Revisiting the Real Exchange Rate Misalignment-economic Growth Nexus Via the Across-sector Misallocation Channel written by Claire Giordano. This book was released on 2022. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lawrence E. Hinkle
Release : 1999
Genre : Business & Economics
Kind : eBook
Book Rating : 26X/5 ( reviews)
Book Synopsis Exchange Rate Misalignment by : Lawrence E. Hinkle
Download or read book Exchange Rate Misalignment written by Lawrence E. Hinkle. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt: The study cautiously identifies exchange rate misalignment as an important element in most of the exchange rate crises that plagued the developing world during the last decade. Given that the increasing integration of world capital markets, has escalated the costs of such crises, a broad consensus emerged in recent years, that the overriding objective of exchange rate policy in developing countries, should be to avoid episodes of prolonged, and substantial misalignment, i.e., situations in which the actual real exchange rate differs significantly from its long-run equilibrium value. It was the Bank's involvement in one such misalignment episode, that eventually led to this book. Following an overview on the concepts and measurement of exchange rate misalignment, its impact on the purchasing power parity, and the relationship between the external real exchange rate (RER), and the two-good internal RER for tradables non-tradables, the study presents methodologies - empirical applications - for estimating the RER equilibrium. The study reaches an optimistic conclusion - that enough is known to identify cases of misalignment, and be able to sound clear warning signals. The implication for exchange rate policy is that ignorance about the empirical value of the equilibrium exchange rate, cannot be used to clinch arguments for extreme exchange arrangements, such as clean floats, currency boards, and "dollarization."
Author : Mr.Stijn Claessens
Release : 2013-01-30
Genre : Business & Economics
Kind : eBook
Book Rating : 008/5 ( reviews)
Book Synopsis Financial Crises Explanations, Types, and Implications by : Mr.Stijn Claessens
Download or read book Financial Crises Explanations, Types, and Implications written by Mr.Stijn Claessens. This book was released on 2013-01-30. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Author : Robert J. Barro
Release : 2003-10-10
Genre : Business & Economics
Kind : eBook
Book Rating : 112/5 ( reviews)
Book Synopsis Economic Growth, second edition by : Robert J. Barro
Download or read book Economic Growth, second edition written by Robert J. Barro. This book was released on 2003-10-10. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
Author : Reserve Bank of Australia. Economic Group
Release : 1993
Genre : Business & Economics
Kind : eBook
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Book Synopsis The Exchange Rate, International Trade and the Balance of Payments by : Reserve Bank of Australia. Economic Group
Download or read book The Exchange Rate, International Trade and the Balance of Payments written by Reserve Bank of Australia. Economic Group. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:
