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Author : Colin Lawrence
Release : 1983
Genre : Foreign exchange
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Impact of Supply Side Policy Rules on Exchange Rates, Interest Rates and the Terms of Trade by : Colin Lawrence
Download or read book The Impact of Supply Side Policy Rules on Exchange Rates, Interest Rates and the Terms of Trade written by Colin Lawrence. This book was released on 1983. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Colin LAWRENCE
Release : 1983
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis THE IMPACT OF SUPPLY SIDE POLICY RULES ON EXCHANGE RATES AND THE TERMS OF TRADE: AN EXPLORATION UNDER ALTERNATIVE PRICE RULES by : Colin LAWRENCE
Download or read book THE IMPACT OF SUPPLY SIDE POLICY RULES ON EXCHANGE RATES AND THE TERMS OF TRADE: AN EXPLORATION UNDER ALTERNATIVE PRICE RULES written by Colin LAWRENCE. This book was released on 1983. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Colin Lawrence
Release : 1985
Genre : Foreign exchange rates
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Supply-side Policy Rules and the Impact on Exchange Rates and Interest Rates by : Colin Lawrence
Download or read book Supply-side Policy Rules and the Impact on Exchange Rates and Interest Rates written by Colin Lawrence. This book was released on 1985. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Romain Lafarguette
Release : 2021-02-12
Genre : Business & Economics
Kind : eBook
Book Rating : 406/5 ( reviews)
Book Synopsis Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework by : Romain Lafarguette
Download or read book Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework written by Romain Lafarguette. This book was released on 2021-02-12. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
Author : Mr.Mohsin S. Khan
Release : 1991
Genre : Business & Economics
Kind : eBook
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Book Synopsis Response of the Equilibrium Real Exchange Rate to Real Disturbances in Developing Countries by : Mr.Mohsin S. Khan
Download or read book Response of the Equilibrium Real Exchange Rate to Real Disturbances in Developing Countries written by Mr.Mohsin S. Khan. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt: Using a simple dependent - economy framework, this paper outlines the links between the equilibrium real exchange rate and some of its fundamental exogenous determinants, mainly terms of trade movements and commercial policy changes. Drawing on existing studies of trade flows in developing countries, it is possible to derive plausible quantitative ranges for the response of the equilibrium real exchange rate to both external and policy-induced shocks. The results should be particularly relevant in designing real exchange rate targets and rules that allow for movements in the equilibrium real exchange rate in response to various shocks.
