Managed Floating Plus


Managed Floating Plus
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Managed Floating Plus


Managed Floating Plus
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Author : Morris Goldstein
language : en
Publisher: Peterson Institute
Release Date : 2002

Managed Floating Plus written by Morris Goldstein and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


In this analysis Morris Goldstein examines currency regime choices for emerging economies that are heavily involved with private capital markets. The author argues that the best regime choice for such economies would be managed floating plus, where "plus" is shorthand for a framework that includes inflation targeting and aggressive measures to discourage currency mismatching. Goldstein argues that if managed floating were enhanced in this way, it would retain the desirable features of a flexible rate regime while addressing the nominal anchor and balance-sheet problems that have historically underpinned a "fear of floating" and handicapped the performance of managed floating in emerging economies. The author also shows why managed floating plus is superior to four alternative currency-regime options--an adjustable peg system, a "BBC (basket, band, crawl) regime," a currency board, and dollarization.



Trade Currencies And Finance


Trade Currencies And Finance
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Author : Morris Goldstein
language : en
Publisher: World Scientific Publishing Company
Release Date : 2017

Trade Currencies And Finance written by Morris Goldstein and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.


Foreign trade -- Income and price effects in foreign trade / by Morris Goldstein and Mohsin S. Khan -- The supply and demand for exports : a simultaneous approach / by Morris Goldstein and Mohsin S. Khan -- Prices of tradable and nontradable goods in the demand for imports / by Morris Goldstein, Mohsin S. Khan, and Lawrence H. Officer -- Currency regimes, exchange rate policy, and international policy coordination -- Market-based fiscal discipline in monetary unions : evidence from the US municipal bond market / by Morris Goldstein and Geoffrey Woglom -- A guide to target zones / by Jacob A. Frenkel and Morris Goldstein -- Managed floating plus / by Morris Goldstein -- The rationale for, and effects of, international policy coordination / by Jacob A. Frenkel, Morris Goldstein, and Paul R. Masson -- Banking, financial crises, and financial regulation -- Banking crises in emerging economies : origins and policy options / by Morris Goldstein and Philip Turner -- An international banking standard : the time is ripe / by Morris Goldstein -- Origins of the crisis / by Morris Goldstein -- Methodology and empirical results / by Morris Goldstein, Graciela Kaminsky and Carmen Reinhart -- Measuring currency mismatch and aggregate effective currency mismatch / by Morris Goldstein and Philip Turner -- The case for an orderly resolution regime for systemically-important financial institutions / by Rodgin Cohen and Morris Goldstein -- The 2014 eu-wide bank stress test lacks credibility / by Morris Goldstein -- Imf policies -- Evaluating fund stabilization programs with multi country data : some methodological pitfalls / by Morris Goldstein and Peter Montiel -- Imf structural programs / by Morris Goldstein -- The fund appears to be sleeping at the wheel / by Morris Goldstein and Michael Mussa -- Currency manipulation and enforcing the rules of the international monetary system / by Morris Goldstein -- China's exchange rate policies -- Two-stage currency reform for China / by Morris Goldstein and Nicolas Lardy -- China's exchange rate policy dilemma / by Morris Goldstein and Nicholas Lardy -- Challenges facing the chinese authorities under the existing currency regime / by Morris Goldstein and Nicholas Lardy



Trade Currencies And Finance


Trade Currencies And Finance
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Author : Morris Goldstein
language : en
Publisher: World Scientific Publishing Company
Release Date : 2017-03-17

Trade Currencies And Finance written by Morris Goldstein and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-17 with Business & Economics categories.


The book includes selected papers of Morris Goldstein on the following topics in international macroeconomics: international trade, currency regimes, exchange rate policy, international policy coordination, banking, financial crises, financial regulation, IMF policies, and China's exchange rate policy. Some of the papers are empirical in nature, while others address key policy issues in international macroeconomics. Many of the papers are co-authored with other well-known international economists, including Jacob Frenkel, Mohsin Khan, Nicholas Lardy, Peter Montiel, Michael Mussa, Carmen Reinhart, and Philip Turner, among others. Taken as a group, the papers should give the reader a good picture of many of the most important issues in international macroeconomics over the past 35 years.



Regional Integration In Europe And Latin America


Regional Integration In Europe And Latin America
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Author : Pierre van der Haegen
language : en
Publisher: Routledge
Release Date : 2019-10-28

Regional Integration In Europe And Latin America written by Pierre van der Haegen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-28 with Business & Economics categories.


Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.



Managing International Financial Instability


Managing International Financial Instability
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Author : Fabrizio Saccomanni
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-01-01

Managing International Financial Instability written by Fabrizio Saccomanni 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 2010-01-01 with Business & Economics categories.


This book is a masterpiece. It combines a clear historical analysis of issues and causes of past international instability with a contemporary discussion of how to avoid future occurrences. It is a very informative book that caters to the need of the savvy and the uninformed. It reviews in a rigorous manner the core obstacles to achieving a durable global financial stability. The presentation is clear, simple and well organised. . . Saccomanni demonstrated a great understanding of monetary and financial matters. The book could not have been better timed given the deepening recession caused by the global financial meltdown. I am very delighted to recommend it. Chika B. Onwuekwe, Journal of International Banking Law and Regulation . . . the timing of this publication could not have been better, Fabrizio Saccomanni provides the reader with a well-written analytical and historical survey of the causes and consequences of international financial crisis and possible solutions. . . the book is enjoyable, compendious and concise. . . the book is worth reading by anyone who is interested in understanding the global financial system and is looking for a critical appraisal of its performance. In particular, students and academics of international economics can get a good overview on the issue of international financial stability, since the book bridges the gap between theoretical models and practical policy implications. . . Saccomanni s book is a well-written and valuable contribution to the debate as already said before the timing of its publication could hardly be better. Ralf Fendel, Journal of Economics and Statistics Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price bubbles are linked, in this book, to the shortcomings of the global financial system which tends to generate cycles of boom and bust in credit flows. These cycles are set in motion by the monetary impulses of major industrial countries and are amplified and propagated through the operation of global financial markets. Fabrizio Saccomanni argues that to counter such systemic instability requires that national authorities give adequate weight to financial stability objectives when formulating their monetary and regulatory policies. He maintains that appropriate multilateral strategies to deal with unsustainable trends in credit aggregates and asset prices should be devised in the International Monetary Fund in the context of a strengthened framework to deal with global payments imbalances and exchange rate misalignments. Providing a comprehensive historical and analytical survey of the causes, consequences and possible cures of international financial instability, this book will be of great interest to students and academics of international economics and finance. It will also appeal to financial market participants and analysts, government officials and central bankers as a comprehensive survey of the relevant academic literature and of the state of the policy debate.



Dollar Adjustment How Far Against What


Dollar Adjustment How Far Against What
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Author :
language : en
Publisher: Peterson Institute
Release Date :

Dollar Adjustment How Far Against What written by and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on with Dollar, American categories.


The dollar rose about 35 percent in real terms from 1995 to the end of 2001, supporting the US economy of the late 1990s but pushing the current account deficit to a record high. This book looks at the impact of this, examining intervention to achieve desired currency values and the impact of a major dollar realignment on worldwide economies.



Monetary History Exchange Rates And Financial Markets


Monetary History Exchange Rates And Financial Markets
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Author : Charles Albert Eric Goodhart
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003-01-01

Monetary History Exchange Rates And Financial Markets written by Charles Albert Eric Goodhart 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 2003-01-01 with Business & Economics categories.


Monetary History, Exchange Rates and Financial Markets is an impressive collection of original papers in honour of Charles Goodhart's outstanding contribution to monetary economics and policy. Charles Goodhart has written extensively on many of these topics and has become synonymous with his field; the chapters within this book offer a summary of current thinking on his own research subjects and include perspectives on controversies surrounding them.



East Asian Regionalism From A Legal Perspective


East Asian Regionalism From A Legal Perspective
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Author : Tamio Nakamura
language : en
Publisher: Routledge
Release Date : 2009-06-08

East Asian Regionalism From A Legal Perspective written by Tamio Nakamura and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-08 with Law categories.


Plenty has been written about the political and economical aspects of regionalism, but the legal perspective has been neglected. East Asian Regionalism From a Legal Perspective is unique in synthesizing legal, economic and political analyses. In the first part, the book investigates the current features of regionalism from a comparative perspective, looking at economic and currency cooperation and comparing Asian regionalism with Europe and Latin America. In the second part, the contributors go on to look at the present legal features of regionalism, covering institutional frameworks, trade diversity and regional integration. The third part of the book is truly unique in proposing an essential groundwork for the institutionalisation of an East Asian Community. It conceives a draft East Asian Charter, an essential document that distils what East Asian nations have achieved, and also includes integral principles and fundamental rules for future cooperation among countries and peoples in the region. This book will be of interest to graduates and academics interested in regionalism, international relations, international law and Asian studies.



Brookings Trade Forum 2002


Brookings Trade Forum 2002
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Author : Susan M. Collins
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01

Brookings Trade Forum 2002 written by Susan M. Collins and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Political Science categories.


Currency crises are extremely perplexing problems, initially erupting in a country's financial markets and spreading throughout a country's economy and beyond—often with devastating consequences for real economic activity. Experts on the two most recent crises—in Argentina and Turkey—together with others who have studied currency crises more broadly, examine why such crises continue to erupt and how to mitigate their impact, possibly preventing additional crises in the future. Argentina's Avoidable Crisis: Bad Luck, Bad Economics, Bad Politics, Bad Advice Andrew Powell, Universidad Torcuato di Tella Hard Money's Soft Underbelly: Understanding the Argentine Crisis Ricardo Hausmann, Harvard University Andrés Velasco, Harvard University Banking Sector Fragility and Turkey's 2000–01 Financial Crisis Fatih Özatay, Merkez Bankasi Güven Sak, Merkez Bankasi Panel: Lessons of Recent Currency Crises Morris Goldstein, Institute for International Economics Currency Crises: A Practitioner's View Jose Luis Machinea, Inter-American Development Bank Does East Asia Need a New Development Paradigm? Yung Chul Park, Korea University Currency crises are extremely perplexing problems, initially erupting in a country's financial markets and spreading throughout a country's economy and beyond—often with devastating consequences for real economic activity. Experts on the two most recent crises—in Argentina and Turkey—together with others who have studied currency crises more broadly, examine why such crises continue to erupt and how to mitigate their impact, possibly preventing additional crises in the future. Argentina's Avoidable Crisis: Bad Luck, Bad Economics, Bad Politics, Bad Advice Andrew Powell, Universidad Torcuato di Tella Hard Money's Soft Underbelly: Understanding the Argentine Crisis Ricardo Hausmann, Harvard University Andrés Velasco, Harvard University Banking Sector Fragility and Turkey's 2000–01 Financial Crisis Fatih Özatay, Merkez Bankasi Güven Sak, Merkez Bankasi Panel: Lessons of Recent Currency Crises Morris Goldstein, Institute for International Economics Currency Crises: A Practitioner's View Jose Luis Machinea, Inter-American Development Bank Does East Asia Need a New Development Paradigm? Yung Chul Park, Korea University



Inflation Targeting In The World Economy


Inflation Targeting In The World Economy
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Author : Edwin M Truman
language : en
Publisher: Columbia University Press
Release Date : 2003-10-27

Inflation Targeting In The World Economy written by Edwin M Truman and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-10-27 with Business & Economics categories.


This study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities—a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs.