Foreign Exchange Value of the Dollar - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Foreign Exchange Value of the Dollar write by . This book was released on 1984. Foreign Exchange Value of the Dollar available in PDF, EPUB and Kindle.
Exchange Rate Rules
Exchange Rate Rules - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange Rate Rules write by John Williamson. This book was released on 1981-06-18. Exchange Rate Rules available in PDF, EPUB and Kindle.
The Rules of the Game
The Rules of the Game - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Rules of the Game write by Ronald I. McKinnon. This book was released on 1996. The Rules of the Game available in PDF, EPUB and Kindle. 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.
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework write by Romain Lafarguette. This book was released on 2021-02-12. Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework available in PDF, EPUB and Kindle. 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
How Much to Commit to an Exchange Rate Rule - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How Much to Commit to an Exchange Rate Rule write by Alex Cukierman. This book was released on 1992. How Much to Commit to an Exchange Rate Rule available in PDF, EPUB and Kindle. 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.
