How Far Can Domestic Credit Growth Explain Speculative Attacks
... on its past values and current and past values of Y, some or all of the current or past values of Y are significant, then we say that there exists feedback between the variables. Unidirectional causality exists when it can be shown that one variable Granger causes the other, but not the other way ar ...
... on its past values and current and past values of Y, some or all of the current or past values of Y are significant, then we say that there exists feedback between the variables. Unidirectional causality exists when it can be shown that one variable Granger causes the other, but not the other way ar ...
RVI117Gerchunoff_Machinea_en.pdf
... tariff, adopted by the United States Congress in June 1930, and the Abnormal Importations Act, passed by the United Kingdom in November 1931. The costs were not divided equally among nations. Table 3 shows how Argentina was among the countries worst affected: the tariff hikes fell more heavily on fo ...
... tariff, adopted by the United States Congress in June 1930, and the Abnormal Importations Act, passed by the United Kingdom in November 1931. The costs were not divided equally among nations. Table 3 shows how Argentina was among the countries worst affected: the tariff hikes fell more heavily on fo ...
Talking Points - Austrian Marshall Plan Foundation
... has been slow to evolve in the Eurozone .In the US Federal regulation and supervision ( with the exception of the de facto powers of the two Banks of the US) only really began in 1865 with the creation of the National Banking System. But the US had a dual banking system ( State and Federal) with com ...
... has been slow to evolve in the Eurozone .In the US Federal regulation and supervision ( with the exception of the de facto powers of the two Banks of the US) only really began in 1865 with the creation of the National Banking System. But the US had a dual banking system ( State and Federal) with com ...
New Estimation of China`s Exchange Rate Regime
... weight around .9, but with no evidence of a downward trend in the weight, and no significance on non-dollar currencies. Each of these four papers was too early to catch the evolution in 2006. Yamazaki (2006, p.8) updated the estimation, and found some weight had shifted to the euro, yen and won; but ...
... weight around .9, but with no evidence of a downward trend in the weight, and no significance on non-dollar currencies. Each of these four papers was too early to catch the evolution in 2006. Yamazaki (2006, p.8) updated the estimation, and found some weight had shifted to the euro, yen and won; but ...
Reflections on Currency Crises Korkut Erturk Department of Economics
... on the level of foreign exchange reserves and a host of other factors there might be an attack on the exchange rate and a currency meltdown. The second view argues that the rapid increase in private consumption is caused by the disinflation program’s lack of credibility in the eyes of consumers. Bec ...
... on the level of foreign exchange reserves and a host of other factors there might be an attack on the exchange rate and a currency meltdown. The second view argues that the rapid increase in private consumption is caused by the disinflation program’s lack of credibility in the eyes of consumers. Bec ...
PowerPoint 演示文稿 - Tulane University
... • The firm was founded in 1969 by George Soros and in 2010 was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. • It is headquartered in New York City. • In July, 2011, The Quantum fund announced that they would be e ...
... • The firm was founded in 1969 by George Soros and in 2010 was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. • It is headquartered in New York City. • In July, 2011, The Quantum fund announced that they would be e ...
Internationalisation of currency in East Asia
... in global financial markets. Obviously, this is not a workable definition. For an operational definition, it may be useful to identify the qualifications for an international currency. In general, money has three primary functions: as a medium of exchange, as a unit of account, and as a store of val ...
... in global financial markets. Obviously, this is not a workable definition. For an operational definition, it may be useful to identify the qualifications for an international currency. In general, money has three primary functions: as a medium of exchange, as a unit of account, and as a store of val ...
analysis of lopping zeros from national currency of iran and some
... In a 25-year cycle, the largest Turkish bill turned from 5000 Lira to one million Liras. The large number of zeroes in economic items and exchanges, which sometimes reached multi trillion Liras, had created many problems for people and had made life difficult for those living in this country. Accord ...
... In a 25-year cycle, the largest Turkish bill turned from 5000 Lira to one million Liras. The large number of zeroes in economic items and exchanges, which sometimes reached multi trillion Liras, had created many problems for people and had made life difficult for those living in this country. Accord ...
The South African Rand
... want to have an open long position in Rand because the currency is strengthening. If they hold a short they want to cover their short position. • Based on Balance of Payments a currency trader would want to have an open short position in Rand. Due to this method predicting a weakening of the rand ov ...
... want to have an open long position in Rand because the currency is strengthening. If they hold a short they want to cover their short position. • Based on Balance of Payments a currency trader would want to have an open short position in Rand. Due to this method predicting a weakening of the rand ov ...
Introduction to Session III: Reducing Country
... firms,” Journal of International Economics, 71, no.2, April, Pages 294-323 Frankel, Jeffrey & George Saravelos (2010), “Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis,” NBER Working Paper 16047, June. Frankel, Jeffrey, a ...
... firms,” Journal of International Economics, 71, no.2, April, Pages 294-323 Frankel, Jeffrey & George Saravelos (2010), “Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis,” NBER Working Paper 16047, June. Frankel, Jeffrey, a ...
Solution
... beginning of the period to lower than European rates at the end of the period. The loanable funds model suggests that U.S. lenders, attracted by relatively increasing interest rates in Europe, would have sent some of their loanable funds to Europe. ...
... beginning of the period to lower than European rates at the end of the period. The loanable funds model suggests that U.S. lenders, attracted by relatively increasing interest rates in Europe, would have sent some of their loanable funds to Europe. ...
Chapter 4
... short-term and long-term interest rates affects foreign exchange rates, the amount of money and credit in the economy, and the levels of unemployment, output, and prices ...
... short-term and long-term interest rates affects foreign exchange rates, the amount of money and credit in the economy, and the levels of unemployment, output, and prices ...
David Levine February 25, 1997 - Faculty Directory | Berkeley-Haas
... almost nobody has heard of. P: I would just as soon cut subsidies to all those industries as adjust what subsidies I give. Nevertheless, I grant you that if subsidies are given they should at least include promises from the industry and its workers to invest, not just enjoy high current wages and pr ...
... almost nobody has heard of. P: I would just as soon cut subsidies to all those industries as adjust what subsidies I give. Nevertheless, I grant you that if subsidies are given they should at least include promises from the industry and its workers to invest, not just enjoy high current wages and pr ...
Commodity money
... US$, Argentinean Peso, Chinese Yuan - Some countries share a common currency ...
... US$, Argentinean Peso, Chinese Yuan - Some countries share a common currency ...
5-Finance and crises - Prof. Ruggero Ranieri
... • 2) being able to run an independent monetary (and more broadly economic) national policy, for example a fiscal deficit when needed to boost economic growth. • 3) enjoy freedom of capital flows, in order to have a more efficient financial system, international investment etc. As we shall see this t ...
... • 2) being able to run an independent monetary (and more broadly economic) national policy, for example a fiscal deficit when needed to boost economic growth. • 3) enjoy freedom of capital flows, in order to have a more efficient financial system, international investment etc. As we shall see this t ...
Reserve currency
A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency. People who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than people in other nations because they don't need to exchange their currency to do so.By the end of the 20th century, the United States dollar was considered the world's most dominant reserve currency, and the world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year. However, the U.S. dollar's status as a reserve currency, by increasing in value, hurts U.S. exporters.