2 edition of Exchange-rate stabilization in the mid-1930s found in the catalog.
Exchange-rate stabilization in the mid-1930s
Stephen V. O. Clarke
by International Finance Section, Dept. of Economics, Princeton University in Princeton, N.J
Written in English
Includes bibliography: p. 59.
|Series||Princeton studies in international finance -- no. 41|
|The Physical Object|
|Pagination||vi, 63 p. ;|
|Number of Pages||63|
TY - JOUR. T1 - On exchange-rate stabilization. AU - Matsuyama, Kiminori. PY - /1/1. Y1 - /1/1. N2 - This paper extends Calvo's () and Obstfeld's () analyses of stabilization policies through predetermined exchange rates in a few directions. 1 INTRODUCTION. This paper is motivated by the recent stabilization attempt implemented in Argentina. At the end of , the authorities switched to a more flexible exchange-rate regime, and later adopted inflation targeting (henceforth, IT). 1 During the first two years the performance was disappointing: inflation remained high, and a large and growing current-account deficit emerged.
Understanding Stabilization Policy. A study by the Brookings Institution notes that the U.S. economy has been in a recession for about one in every seven months since the end of . Inflation, Exchange Rates and Stabilization Rudiger Dornbusch. NBER Working Paper No. (Also Reprint No. r) Issued in October NBER Program(s):International Trade and Investment, International Finance and Macroeconomics The essay is an extended version of the Frank D. Graham Lecture presented at Princeton University in May
I. Stabilization, Adjustment, and Exchange Rate Policy in Developing Countries 1. Exchange Rate Management and Stabilization Policies in Developing Countries Sweder van Wijnbergen Comment: James A. Hanson 2. The Effects of Commercial, Fiscal, Monetary, and Exchange Rate Policies on the Real Exchange Rate Michael Mussa Comment: Jeffrey A. Frankel. Again, you can see higher volatility in the exchange rate compared to changes in the consumer price index. In terms of the relationship between the exchange rate and the inflation rate, certainly the observation in is consistent with the theory’s expectation: As the inflation rate approached 25 percent, you observe a depreciation of the yen about 5 percent.
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Exchange-rate stabilization in the mids — First published in Subjects Foreign exchange, Foreign exchange rates, History, International financePages: Exchange-Rate Stabilization in the Mids: Negotiating the Tripartite Agreement (Princeton Studies in International Finance No.
41) Paperback – January 1, by Stephen V. Clarke Author: Stephen V. Clarke. Exchange-rate stabilization in the mids: Negotiating the Tripartite Agreement (Princeton studies in international finance) [Stephen V. O Clarke] on *FREE* shipping on qualifying : Stephen V. O Clarke.
Exchange-rate stabilization in the mid's: Negotiating the tripartite agreement: Stephen V.O. Clarke, (study no. 41, Sept., ) pp. vi +59, $: Magee Stephen P.
Get this from a library. Exchange-rate-based stabilization under imperfect credibility. [Guillermo A Calvo; Carlos A Végh Gramont; International Monetary Fund. Research Department.] -- This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model.
Under full credibility, a reduction in the rate of devaluation results in an. Journal of Economic Dynamics and Control 15 () North-Holland On exchange-rate stabilization Kiminori Matsuyama* Northwestern Uniuersity, Evanston, ILUSA This paper extends Calvo's () and Obstfeld's () analyses of stabilization policies through predetermined exchange rates in a few directions.
Downloadable. In this paper, we investigate the effects of increasing exchange rate flexibility at the margin instead of comparing the polar regimes of fixed and flexible rates. A VAR model with a structural analysis of the financial sector, including exchange rate intervention, is set up for a set of five major industrial countries and estimated using monthly data from the post-Bretton Woods.
The Book Value of Monetary Gold. Dec. *John Williamson: Exchange-Rate Stabilization in the Mids: Negotiating the Tripartite Agreement. Sep.
*Anne O. Krueger: Growth, Distortion, and Patterns of Trade Exchange Rate Behavior with Currency Inconvertibility. James Riedel, The costs and benefits of exchange rate protection in China, Asian-Pacific Economic Literature, /apel, 32, 1, (), (). Wiley Online Library Gabriela Mundaca, Central bank interventions in a dollarized economy: managed floating versus inflation targeting, Empirical Economics, /s, 55, 4.
A Risk-based Theory of Exchange Rate Stabilization * Tarek A. Hassan Thomas M. Mertens Tony Zhang § May Abstract We develop a novel, risk-based theory of the e ects of exchange rate stabilization. In our model, the choice of exchange rate regime. exchange rate as a nominal anchor and those that do not.
[JEL E31, E63] I n recent years, several articles have identified a set of empirical regularities that arise during exchange-rate-based stabilization (ERBS) in high inflation coun-tries. These empirical regularities. Exchange rate stabilization. Add Remove. This content was COPIED from - View the original, and get the already-completed solution here.
Please see file: How Can Persistently Weak Currencies Be Stabilized. Currency derivatives, as part of hedging strategies, are an important and complex component of modern currency markets. 8 In this respect, our work supports the findings of Choudri, E. and Kochin, L., “ The Exchange Rate and the International Transmission of Business Cycle Disturbances,” Journal of Money, Credit and Banking, 12, no.
4 (), pp. – Choudri and Kochin document the relationship between exchange depreciation and relative national price levels and outputs for several European. Exchange-rate stabilization in the mids: negotiating the tripartite agreement. Genre/Form: History: Additional Physical Format: Online version: Clarke, Stephen V.O.
Exchange-rate stabilization in the mids. Princeton, N.J.: International. This paper surveys a wide body of economic literature on the relationship between exchange rates and trade.
Specifically, two main issues are investigated: the impact of exchange rate volatility and of currency misalignments on international trade flows. On average, exchange rate volatility has a negative (even if not large) impact on trade. During the s Viner was an outspoken supporter of international monetary cooperation, set up to secure exchange rates stability, which he regarded as a paramount factor in restoring business.
This chapter focuses on a comparison of monetary and exchange rate policies in Norway and Sweden. Comparing the performance of key macroeconomic indicators, the chapter analyses the role of monetary policy in stabilizing the economy and the extent to which monetary policy has contributed to exchange rate stability.
It is found that while terms of trade volatility is about five times as high in. If the exchange rate stays at 3 Euros per dollar you could get back your $ But suppose after you made your first exchange, the rate went to 6 Euros per dollar.
When you go to trade back to dollars, you will only get $ If you can image this happening with millions of dollars, you can understand why even small fluctuations in exchange. Inthe Bretton Woods Agreement established a new global monetary system.
Its hallmark was exchange-rate stability. Exchange-rate instability creates big problems. As. Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail.
Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel inand discusses the possibility of such a program in Mexico.Try the new Google Books.
Check out the new look and enjoy easier access to your favorite features. Try it now. No thanks. Try the new Google Books. View eBook. Get this book in print. International Monetary Fund Money-Based Versus Exchange-Rate-Based Stabilization: IsIssues Rudiger Dornbusch's articles on exchange rates and open economy macroeconomics are among the most frequently cited in the field of international economics.
Collected for the first time in Exchange Rates and Inflation, these articles, written over the past fifteen years, cover a wide range of issues while providing unique insights into the research style of a major economist.