Balance Of Payments And The Foreign Exchange Market
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Balance Of Payments And The Foreign Exchange Market
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Author : Pentti J. K. Kouri
language : en
Publisher:
Release Date : 1981
Balance Of Payments And The Foreign Exchange Market written by Pentti J. K. Kouri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Balance of payments categories.
This paper develops a dynamic partial equilibrium model of the foreign exchange market extending the standard textbook model in two respects. First, capital account transactions are explicitly incorporated into the model, and secondly, 'rational' speculative behaviour is also introduced. At a point in time, or in a given day, exchange rate fluctuations are dominated by 'new information' that leads to revision of speculative expectations, as well as by other disturbances on the capital account. In the long run, fundamental factors, such as divergences of inflation rates and real changes influencing the trade balance, become relevant in determining the 'trend' of the exchange rate. A variety of exercises, and numerical simulations, illustrate the usefulness of the dynamic supply-demand model in understanding the behaviour of floating exchange rates in a world of high capital mobility
The Economics Of Foreign Exchange And Global Finance
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Author : Peijie Wang
language : en
Publisher: Springer Science & Business Media
Release Date : 2005
The Economics Of Foreign Exchange And Global Finance written by Peijie Wang and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
The book presents all major subjects in international monetary theory, foreign exchange markets, international financial management and investment analysis. The book is relevant to real world problems in the sense that it provides guidance on how to solve policy issues as well as practical management tasks. This in turn helps the reader to gain an understanding of the theory and refines the framework. Various topics are interlinked so the book adopts a systematic treatment of integrated materials relating different theories under various circumstances and combining theory with practice. The text examines issues in international monetary policy and financial management in a practical way, focusing on the identification of the factors and players in foreign exchange markets and the international finance arena. The book can be used in graduate and advanced undergraduate programmes in international or global finance, international monetary economics, and international financial management.
Balance Of Payments And Exchange Rate Theories
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Author : Norman C. Miller
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002
Balance Of Payments And Exchange Rate Theories written by Norman C. Miller and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Norman Miller provides a fresh perspective on balance of payments and exchange rate theories, including intertemporal open economy models that focus on the optimum current account. To this end, he proves that any non-zero balance of payments must always be associated with a disequilibrium in either a commodity or an asset market. In this rigorous yet readable book, important welfare and policy implications are carefully examined. Norman Miller develops a new theory of the balance of payments associated with commodity market disequilibrium, a loanable funds theory of exchange rate and a modern foreign exchange market theory of the exchange rate that incorporates capital flows. The book also details 15 puzzling facts associated with open economies and the FX market. After reviewing existing explanations to these puzzles, the author shows how each of the above new theories provides new, often unified solutions to them. International finance practitioners, students and scholars of economics and finance, and MBA students will all find this book fresh and enlightening.
Balance Of Payments And The Foreign Exchange Market
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Author : Pentti J. K. Kouri
language : en
Publisher:
Release Date : 1978
Balance Of Payments And The Foreign Exchange Market written by Pentti J. K. Kouri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with categories.
The Economics Of Exchange Rates Collected Works Of Harry Johnson
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Author : Jacob Frenkel
language : en
Publisher: Routledge
Release Date : 2013-07-18
The Economics Of Exchange Rates Collected Works Of Harry Johnson written by Jacob Frenkel and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-18 with Business & Economics categories.
The studies in this book deal with the determination of foreign exchange rates and the characteristics of the foreign exchange market. Analysis is made of flexible exchange rates through an approach developed by the authors, called the ‘asset-market approach’. Theory is combined with practical application in a clear concise way that will be understood by readers with a basic understanding of economics.
Macroeconomic Policies And The Balance Of Payments
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Author : Anders Vredin
language : en
Publisher:
Release Date : 1988
Macroeconomic Policies And The Balance Of Payments written by Anders Vredin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Balance of payments categories.
Foreign Exchange And Finance Of Foreign Trade
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Author : S. K. Verghese
language : en
Publisher:
Release Date : 1985
Foreign Exchange And Finance Of Foreign Trade written by S. K. Verghese and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Business & Economics categories.
The Economics Of Foreign Exchange
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Author : Nick Douch
language : en
Publisher:
Release Date : 1989
The Economics Of Foreign Exchange written by Nick Douch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Foreign exchange categories.
A pioneering exploration of the relevance of economic theory to the practical realities of the foreign exchange market, this volume presents a well-reasoned, comprehensive examination of the degree to which economic theories and forecasts are helpful in predicting exchange rates. Douch, an economist who has worked closely with the foreign exchange market, argues that theoretical economic models have exhibited some serious inadequacies in forecasting the future. In an attempt to determine the real predictive value of economic theory in this context, Douch examines each of the different economic approaches in-depth and then analyzes the actual workings of the foreign exchange market from the perspective of the market participants. Particular emphasis is placed upon the reasons for the observed failure of economic theory to reliably predict exchange rate movements over time.
Balance Of Payments
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Author : Robert Stern
language : en
Publisher: Routledge
Release Date : 2017-07-28
Balance Of Payments written by Robert Stern and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-28 with Business & Economics categories.
An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets.
Issues In International Exchange And Payments Systems
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Author : Peter J. Quirk
language : en
Publisher: International Monetary Fund
Release Date : 1995-04-13
Issues In International Exchange And Payments Systems written by Peter J. Quirk and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-04-13 with Business & Economics categories.
The global trend toward lilberalization in countries international payments and transfer systems has been widespread in both industrial and developing countries and most dramatic in Central and Eastern Europe. Countries in general have brought their exchange systems more in line with market principles and moved toward more flexible exchange rate arrangements. This study updates previous studies published under the title Developments in International Exchange and Payments Systems.