Exchange Rate Pass Through And Dynamic Oligopoly
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Exchange Rate Pass Through And Dynamic Oligopoly
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Author : Dominique M. Gross
language : en
Publisher: International Monetary Fund
Release Date : 1999-04-01
Exchange Rate Pass Through And Dynamic Oligopoly written by Dominique M. Gross 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 1999-04-01 with Business & Economics categories.
This paper explicitly takes into account the dynamic oligopolistic rivalry among source producers to evaluate the degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland, the results show that prices are strategic complements and that the degree of pass-through is lower in the long run than in the short run. We attribute this to the fact that, although some rivals match long-term price changes, others do not, inducing the producer who faces a change in exchange rate to absorb a greater proportion of the variation.
Flexible Exchange Rates For A Stable World Economy
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Author : Joseph E. Gagnon
language : en
Publisher: Peterson Institute
Release Date : 2011
Flexible Exchange Rates For A Stable World Economy written by Joseph E. Gagnon and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction.
Credit Currency Or Derivatives
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Author : Michael G. Papaioannou
language : en
Publisher: Emerald Group Publishing
Release Date : 2009-11-13
Credit Currency Or Derivatives written by Michael G. Papaioannou and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-13 with Business & Economics categories.
Contains original papers that examine various issues concerning the role, the structure and functioning of credit, currency and derivatives instruments and markets as they relate to financial crises. This title stresses the importance of the inter-linkages of these instruments and markets in promoting or hindering financial stability or crises.
Trade Globalization And Development
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Author : Rajat Acharyya
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-18
Trade Globalization And Development written by Rajat Acharyya 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 2013-06-18 with Business & Economics categories.
This book was written in honour of Professor Kalyan K. Sanyal, who was an excellent educator and renowned scholar in the field of international economics. One of his research papers co-authored with Ronald Jones, entitled “The Theory of Trade in Middle Products” and published in American Economic Review in 1982, was a seminal work in the field of international trade theory. This paper would go on to inspire many subsequent significant works by researchers across the globe on trade in intermediate goods. The larger impact of any paper, beyond the number of citations, lies in terms of the passion it sparks among younger researchers to pursue new questions. Measured by this yardstick, Sanyal’s contribution in trade theory will undoubtedly be regarded as historic. After completing his Ph.D. at the University of Rochester he joined the Department of Economics at Calcutta University in the early 1980s and taught trade theory there for almost three decades. His insights, articulation and brilliance in teaching international economics have influenced and shaped the intellectual development of many of his students. After his sudden passing in February 2012, his students and colleagues organized a symposium in his honour at the Department of Economics, Jadavpur University from April 19 to 20, 2012. This book, a small tribute to his intellect and contribution, has been a follow-up on that endeavour, and a collective effort of many people including his teachers, friends, colleagues and students. In a nutshell it discusses intermediation of various kinds with significant implications for market integration through trade and finance. That trade can generate many non-trade-service sector links has recently emerged as a topic of growing concern and can trace its lineage back to the idea of the middle product, a recurring concept in Prof. Sanyal’s work.
International Financial Crises And Agriculture
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Author :
language : en
Publisher:
Release Date : 2000
International Financial Crises And Agriculture written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Agriculture categories.
The Welfare Effects Of Trade Liberalization And Exchange Rate Pass Through
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Author : Jorge Andres Tovar
language : en
Publisher:
Release Date : 2004
The Welfare Effects Of Trade Liberalization And Exchange Rate Pass Through written by Jorge Andres Tovar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Applied Industrial Economics
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Author : Louis Phlips
language : en
Publisher: Cambridge University Press
Release Date : 1998-09-24
Applied Industrial Economics written by Louis Phlips and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-09-24 with Business & Economics categories.
This reader provides a unique mix of American and European contributions to the study of particular markets, often combined with a critical evaluation of antitrust regulations, decisions or judgments. Part I explains market structure as a function of sunk costs and market size. Part II illustrates the central role of pricing schemes (including parallel pricing, delivered pricing and competition clauses) in sustaining equilibrium outcomes in oligopolistic markets. Parts III and IV give a game-theoretic foundation to competition policy and merger control. Louis Phlips offers a comprehensive introduction to the text in which he very carefully explains the reasoning behind his choice of papers, and provides a superb synthesis of the material. Particular highlights include the discussion and evaluation of antitrust regulations, which involve a systematic comparative analysis of European and American regulations, decisions and judgments in this area.
International Trade Modelling
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Author : m Dagenais
language : en
Publisher: CRC Press
Release Date : 1992-06-01
International Trade Modelling written by m Dagenais and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-06-01 with Business & Economics categories.
In recent years, international trade has become a subject of increaed practical importance and also one of the most intellectually exciting parts of economics. In his introduction to this volume, Paul Krugman outlines why this is so, by analysing the original contribution of the New Trade Theory in interpreting and explaining the observed trade behaviour of the past twenty years. Then follow sections which discuss: formal tests of the New Trade Theory, Price Discrimination and Exchange Rate, as well as New Protectionism, measures of Comparative Advantages and Import Demand in industrialized and developing countries. Some chapters also use GCE models to evaluate Trade Protectionism, while others encompass External Trade within aggregate Disequilibrium Models.
Exchange Rate Movements And Tradable Goods Prices In East Asia
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Author : Shinji Takagi
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01
Exchange Rate Movements And Tradable Goods Prices In East Asia written by Shinji Takagi 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 1999-03-01 with Business & Economics categories.
The paper uses a dynamic panel data model to estimate the pass-through coefficients of 20 nine-digit industrial commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices to exchange rate movements. By using the monthly series of unit export and import values obtained from the Japanese customs data for the period 1988-98, it shows that price pass-through is much larger for exports from Japan than for imports to Japan.
International Economics
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Author : Charles Van Marrewijk
language : en
Publisher: Oxford University Press
Release Date : 2012-04-19
International Economics written by Charles Van Marrewijk and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-19 with Business & Economics categories.
Covering both trade and international finance, International Economics, Second Edition, provides a thoroughly up to date and comprehensive treatment of each area. This innovative text features a flexible organization--including separate sections on international trade and international money--and can be used in a variety of courses. Author Charles Van Marrewijk illustrates theory and policy with empirical evidence and numerous case studies. He also provides brief accounts of economists who have contributed to the field and technical notes wherever they are needed.