Exchange Rate Rules
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Exchange Rate Rules
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Author : John Williamson
language : en
Publisher: Springer
Release Date : 1981-06-18
Exchange Rate Rules written by John Williamson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981-06-18 with Business & Economics categories.
Foreign Exchange Intervention Rules For Central Banks A Risk Based Framework
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Author : Romain Lafarguette
language : en
Publisher: International Monetary Fund
Release Date : 2021-02-12
Foreign Exchange Intervention Rules For Central Banks A Risk Based Framework written by Romain Lafarguette 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 2021-02-12 with Business & Economics categories.
This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
How Much To Commit To An Exchange Rate Rule
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Author : Alex Cukierman
language : en
Publisher: World Bank Publications
Release Date : 1992
How Much To Commit To An Exchange Rate Rule written by Alex Cukierman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Economic stabilization categories.
The cost of reneging is a key reason policymakers hold back from strong commitments in their exchange rate policy. The stronger the commitment to an exchange rate rule, the more costly it is to deviate from it.
Accountability And Oversight Of Us Exchange Rate Policy
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Author : C. Randall Henning
language : en
Publisher: Peterson Institute
Release Date : 2008
Accountability And Oversight Of Us Exchange Rate Policy written by C. Randall Henning and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Foreign exchange rates categories.
The Rules Of The Game
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Author : Ronald I. McKinnon
language : en
Publisher: MIT Press
Release Date : 1996
The Rules Of The Game written by Ronald I. McKinnon and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
The Rules of the Game brings together essays written over the course of thirty years by a major figure in the field. McKinnon analyzes and compares a wide variety of important international monetary regimes: the establishment of the gold standard in the nineteenth century, Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, and current proposals for reforming world monetary arrangements. The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages, from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.
Exchange Rate Rules
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Author : John Williamson
language : en
Publisher:
Release Date : 1981
Exchange Rate Rules written by John Williamson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with categories.
The Performance Of Trading Rules On Four Asian Currency Exchange Rates
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Author : Yin-Wong Cheung
language : en
Publisher:
Release Date : 1997
The Performance Of Trading Rules On Four Asian Currency Exchange Rates written by Yin-Wong Cheung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Foreign exchange rates categories.
Introduction Of A New National Currency
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Author : Mr.Richard K. Abrams
language : en
Publisher: International Monetary Fund
Release Date : 1993-06
Introduction Of A New National Currency written by Mr.Richard K. Abrams 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 1993-06 with Business & Economics categories.
In the last few years, a number of countries in the Former Soviet Union and Eastern Europe have become independent or regained their independence. Many have chosen to issue their own currencies and more are likely to do so. This paper draws on these and earlier experiences in order to summarize the main policy and institutional arrangements necessary for the introduction of a new currency and to discuss the key features of, and procedures for, the conversion. The paper is designed as a working document for those involved with currency reforms to help ensure that all the necessary steps are taken prior to, during, and immediately after the introduction of a new currency. The body of the paper is in four parts. First, the main macroeconomic and operational measures required to prepare for the orderly transition to the new currency are discussed, including decisions regarding the choice of exchange regime, the issuance of coupons and the costs and benefits of currency reforms. The next section covers issues relating to the production of the new currency bank notes. Next, the main features and terms of the conversion are discussed, as well as certain special issues such as speculative inflows and the treatment of banks’ customers and old currency contracts. The last section covers the operation of the foreign exchange market and maintenance of exchange rate stability in the period immediately following the introduction of the new currency. The appendix covers the technical aspects of currency handling, accounting and management.
The Exchange Rate System
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Author : John Williamson
language : en
Publisher:
Release Date : 1983
The Exchange Rate System written by John Williamson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Business & Economics categories.
Now available directly from: IIE 11 Dupont Circle, NW Washington, DC 20036 Tel: (202) 328-9000 This book examines the system of flexible exchange rates, estimating misalignments of major currencies and analyzing costs and benefits of volatility and deviations from equilibrium. It considers target zones, reference rates, and other alternatives for stabilizing the system.
International Policy Coordination And Exchange Rate Fluctuations
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Author : William H. Branson
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
International Policy Coordination And Exchange Rate Fluctuations written by William H. Branson and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Reference categories.
Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.