Currency Depreciation And Monetary Policy
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Currency Depreciation And Monetary Policy
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Author : Milton Gilbert
language : en
Publisher: Philadelphia : University of Pennsylvania ; London : H. Milford
Release Date : 1939
Currency Depreciation And Monetary Policy written by Milton Gilbert and has been published by Philadelphia : University of Pennsylvania ; London : H. Milford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1939 with Business & Economics categories.
The Economics Of Inflation A Study Of Currency Depreciation In Post War Germany
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Author : Costantino Bresciani-Turroni
language : en
Publisher: Read Books Ltd
Release Date : 2013-04-16
The Economics Of Inflation A Study Of Currency Depreciation In Post War Germany written by Costantino Bresciani-Turroni and has been published by Read Books Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-16 with Business & Economics categories.
The depreciation of the mark of 1914?23, which is the subject of this work, is one of the outstanding episodes in the history of the twentieth century. Not only by reason of its magnitude but also by reason of its effects, it looms large on our horizon. It was the most colossal thing of its kind in history: and, next probably to the Great War itself, it must bear responsibility for many of the political and economic difficulties of our generation. It destroyed the wealth of the more solid elements in German society: and it left behind a moral and economic disequilibrium, apt breeding ground for the disasters which have followed. Hitler is the foster-child of the inflation. The financial convulsions of the Great Depression were, in part at least, the product of the distortions of the system of international borrowing and lending to which its ravages had given rise. If we are to understand correctly the present position of Europe, we must not neglect the study of the great German inflation. If we are to plan for greater stability in the future, we must learn to avoid the mistakes from which it sprang. There is another reason why the history of this episode is peculiarly significant to students of the social sciences. Accidents to the body politic, like accidents to the physical body, often permit observations of a kind which would not be possible under normal conditions. In peaceful times we may speculate concerning the consequences of violent change. But we are naturally precluded from verifying our conclusions: we cannot upset the smooth current of things for the advancement of abstract knowledge. But when disturbance takes place, it is sometimes possible to snatch good from evil and to obtain insight into the working of processes which are normally concealed. No doubt there are dangers here. We must not ignore the possibility that the processes thus revealed are themselves abnormal: we must not infer, for instance, that propositions which apply to large inflations necessarily apply, without modification, to small inflations. But the dangers are clear: it is net difficult to keep them in mind and to guard against them. And the opportunities of fruitful research are enormous. In this matter of the depreciation of the mark, there is hardly any branch of the theory of economic dynamics which is not illuminated by examination of its grim events. For both these reasons, therefore, I hope that this book will obtain a wide circulation among the English-speaking public.
Foreign Exchange Intervention As A Monetary Policy Instrument
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Author : Felix Hüfner
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Foreign Exchange Intervention As A Monetary Policy Instrument written by Felix Hüfner 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 2012-12-06 with Business & Economics categories.
Foreign exchange intervention is frequently being used by central banks in countries which have a floating exchange rate. Most theoretical monetary policy models, however, do not take this phenomenon into account. This book contributes to close this gap between theory and practice by interpreting foreign exchange intervention as an additional monetary policy instrument for inflation targeting central banks. In-depth empirical analyses of the foreign exchange operations and interest rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) demonstrate how foreign exchange intervention is used in practice.
General Economics Monetary Policy
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Author : Manfred Damsch
language : en
Publisher: GRIN Verlag
Release Date : 2011-02
General Economics Monetary Policy written by Manfred Damsch and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02 with categories.
Research Paper (undergraduate) from the year 2008 in the subject Business economics - Economic Policy, grade: keine, University of applied sciences, Munich, language: English, abstract: For now more than 6 years, starting in 2002, the US-Dollar continuously depreciates in relation to the Euro but also in relation to other strong currencies in the world. The European System of Central Bank can help the dollar but not without affecting the Euro. A stable Euro with low and constant inflation of 2% is the main objective of the ECB and fixed in their statutes. The depreciation of the dollar can be blended by depreciating the Euro in the same relation but that won't help for long. The impacts on the domestic economy which consists of a range of multicultural states within the Euro Area would be unpredictable. At least high Inflation to the Euro would follow - with negative side effects to the European countries. Even if a weaker Euro (or stronger Dollar) would help the German exporters the problem of the Dollar is not caused by the strong Euro. Germany is still leading in foreign trade and increases its net-export even though the Euro gets stronger. Since more than 20 years the USA have increased their trade-deficit year on year. The solution for the weak dollar is not a weak Euro. Beside the trade-deficit the enormous costs for military interventions also charge the government budget and lately the population by inflation tax.
Monetary And Exchange Rate Policy
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Author : Donald R. Hodgman
language : en
Publisher: Springer
Release Date : 1987-06-29
Monetary And Exchange Rate Policy written by Donald R. Hodgman and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-06-29 with Business & Economics categories.
Monetary and exchange rate policies of national monetary authorities, together with certain of their consequences, provide the common theme for the studies in this volume. Four of the contributions are mainly concerned with exchange rate policy-decisions to alter fixed parities, intervention by central banks in foreign exchange markets, and the determinants of exchange rates including intervention and the degree of capital mobility. Two studies are oriented to aspects of domestic monetary policy, one examining policy reactions of French monetary authorities, the other concerning the choice of monetary aggregate target as a politically motivated strategy to assign responsibility for macroeconomic outcomes and thus influence the behaviour of decision makers in the macroeconomic policy making process. One contribution investigates the factors that influence the choice of currency in foreign trade, an important factor in determining the importance for exchange market stability of capital movements, and perhaps official intervention. The studies present significant theoretical and empirical results as well as the institutional material.
Depreciating Dollar
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Author : Craig K. Elwell
language : en
Publisher: DIANE Publishing
Release Date : 2011-08
Depreciating Dollar written by Craig K. Elwell and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08 with Business & Economics categories.
Contents: (1) Intro.; (2) Broad Economic Forces That Affect the Dollar; (3) Determinants of the Size and Direction of Cross-Border Asset Flows: Interest Rate Differentials Between the U.S. and Other Economies; Investors¿ Expectations About the Future Path of the Dollar; Investors Diversifying Their Portfolio of Assets; Other Factors That Influence the International Demand for Dollar Asset; (4) Likely Effects of Dollar Depreciation (DD): A Smaller Trade Deficit; U.S. International Purchasing Power Decreases; World Commodity Prices Increase; (5) Other Possible Effects of DD: U.S. Interest Rates Could Increase; Dollar¿s Reserve Currency Role Could be Reduced; Risk of a Dollar Crisis; (6) Policies Influencing the Dollar. This is a print on demand report.
Inflation Targeting And Exchange Rate Management In Less Developed Countries
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Author : Mr.Marco Airaudo
language : en
Publisher: International Monetary Fund
Release Date : 2016-03-08
Inflation Targeting And Exchange Rate Management In Less Developed Countries written by Mr.Marco Airaudo 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 2016-03-08 with Business & Economics categories.
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Exchange Rates Capital Flows And Policy
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Author : Rebecca Driver
language : en
Publisher: Routledge
Release Date : 2013-04-15
Exchange Rates Capital Flows And Policy written by Rebecca Driver and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-15 with Business & Economics categories.
Combining thorough scholarship with illuminating real-world examples, this edited collection provides insights on the causes and consequences of movements in both exchange rates and external assets and has a strong focus on the policy implications of operating in an open economy, particularly the choice of exchange rate and monetary policy, exchange rate intervention and policies on capital mobility.
International Monetary Policies
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Author : Lloyd Appleton Metzler
language : en
Publisher:
Release Date : 1947
International Monetary Policies written by Lloyd Appleton Metzler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1947 with Change categories.
Dilemmas Of The Dollar
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Author : C. Fred Bergsten
language : en
Publisher: M.E. Sharpe
Release Date : 1996
Dilemmas Of The Dollar written by C. Fred Bergsten and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
An examination of the role of the dollar in the global financial system which presents a long-term historical perspective on the international monetary system in this century. The main focus is on the evaluation of the global financial system in the post-war period.