The Empirics of Exchange Rate Regimes and Trade - 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 Empirics of Exchange Rate Regimes and Trade write by Mr.Charalambos G. Tsangarides. This book was released on 2010-02-01. The Empirics of Exchange Rate Regimes and Trade available in PDF, EPUB and Kindle. This paper examines the impact of exchange rate regimes on bilateral trade while differentiating the effects of "words" and "deeds". Our findings-based on an extended database for de jure and de facto exchange rate classifications-show that while fixed exchange rate regimes increase trade, there is no systematic difference in the effects of policy announcements versus actions to maintain exchange rate stability. The trade generating effect of more stable exchange rate regimes is however more pronounced when words and actions are aligned, both in the short and long-run. Policy credibility therefore plays an important role in determining the effects of de jure and de facto exchange rate arrangements such that deviations between the two could be costly. In addition, we find evidence that (i) the impact of hard pegs such as currency unions is broadly similar to that of conventional pegs; (ii) the currency union and direct peg effects evolve over time; and (iii) the effects of more stable regimes are heterogeneous across country groups.
The Exchange Rate Regime and the International Trade
The Exchange Rate Regime and the International Trade - 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 Exchange Rate Regime and the International Trade write by Romulus-Catalin Damaceanu. This book was released on 2010. The Exchange Rate Regime and the International Trade available in PDF, EPUB and Kindle. The analysis of complex relation between the exchange rate regime and the international trade is done based on the next methodological principles: 1) The analysis of pure theory of international trade; 2) The analysis of the main theoretical approaches of the international trade taking into consideration the monetary factor; 3) A historical analysis of the relation between the exchange rates regime and the international trade; 4) The mathematical modelling of relation between the exchange rate and the international trade. The process of modelling will follow the next steps: a) Defining the object of research (the relation exchange rate regime-the international trade) and the precise task of the model (to find an exchange rate regime in order to obtain an optimal volume of the international trade); b) Describing the concepts, the indicators and other relevant information; c) Studying and selecting of the main elements and connections of the researched phenomenon; d) Elaborating the hypothesis and the restrictions of the factors and of the entire studied phenomenon; e) Determining the criteria of the most efficient variant; f) Constructing the model.
Exchange Rate Regimes
Exchange Rate Regimes - 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 Regimes write by Atish R. Ghosh. This book was released on 2002. Exchange Rate Regimes available in PDF, EPUB and Kindle. An empirical study of exchange rate regimes based on data compiled from 150 member countries of the International Monetary Fund over the past thirty years. Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods system in the early 1970s, countries have adopted a wide variety of regimes, ranging from pure floats at one extreme to currency boards and dollarization at the other. While a vast theoretical literature explores the choice and consequences of exchange rate regimes, the abundance of possible effects makes it difficult to establish clear relationships between regimes and common macroeconomic policy targets such as inflation and growth. This book takes a systematic look at the evidence on macroeconomic performance under alternative exchange rate regimes, drawing on the experience of some 150 member countries of the International Monetary Fund over the past thirty years. Among other questions, it asks whether pegging the exchange rate leads to lower inflation, whether floating exchange rates are associated with faster output growth, and whether pegged regimes are particularly prone to currency and other crises. The book draws on history and theory to delineate the debate and on standard statistical methods to assess the empirical evidence, and includes a CD-ROM containing the data set used.
Exchange Rate Overvaluation and Trade Protection
Exchange Rate Overvaluation and Trade Protection - 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 Overvaluation and Trade Protection write by Howard J. Shatz. This book was released on 2000. Exchange Rate Overvaluation and Trade Protection available in PDF, EPUB and Kindle. "Lessons from world experience about the consequences of exchange rate overvaluation (the frequent cause of trade crises), the consequences of trying to defend an overvalued exchange rate, and the most appropriate policies for resolving an overvaluation"--Cover.
Currency Conflict and Trade Policy
Currency Conflict and Trade Policy - 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 Currency Conflict and Trade Policy write by C. Fred Bergsten. This book was released on 2017-06-27. Currency Conflict and Trade Policy available in PDF, EPUB and Kindle. Conflicts over currency valuations are a recurrent feature of the modern global economy. To strengthen their international competitiveness, many countries resort to buying foreign currencies to make their exports cheaper and their imports more expensive. In the first decade of the 21st century, for example, China's currency manipulation practices were so flagrant that they produced a backlash in the United States and other trading partners, prompting threats of retaliation. How damaging is the practice of currency manipulation—and how extensive is the problem? This book by C. Fred Bergsten and Joseph E. Gagnon—two leading experts on trade, investment, and the effects of currency manipulation—traces the history, causes, and effects of currency manipulation and analyzes a range of policy responses that the United States could adopt. The book is an indispensable guide to a complex and serious problem and what might be done to solve it.
