Author: Carolina Machado
Publisher:
ISBN: 9781522515630
Category : Management
Languages : en
Pages : 69

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Author:
Publisher:
ISBN: 9781466690547
Category :
Languages : en
Pages :

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Author: J. Paulo Davim
Publisher:
ISBN: 9781522546931
Category :
Languages : en
Pages : 73

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Author: Princeton University. Department of Economics
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 632

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Book Description
Collection of conference papers on the measurement of economic growth and social change in USA - describes new methodology for appraising performance in industrial enterprises and in the public sector, stressing the importance of nonmarket activities in the private sector, discussing possibilities of a cost accounting procedure for assessing the impact of pollution and other disamenities associated with industrial growth and examining the quality of public services and educational institutions. Conference held in princeton 1971 November.

Author: John B. Taylor
Publisher: MIT Press
ISBN: 0262536757
Category : Business & Economics
Languages : en
Pages : 153

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Book Description
An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries—largely the result of countries' concerns about the exchange rate—causes monetary policy to deviate from effective policies that stabilize inflation and the economy. He argues that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. Taylor shows that monetary polices in recent years have been deployed either defensively, as central banks counteract forces from abroad that affect the exchange rate, or offensively, as central banks attempt to move the exchange rate to gain a competitive advantage. Focusing on the years from 2005 to 2017, he develops an empirical framework to examine two monetary policy instruments: the policy interest rate (the more conventional of the two) and the size of the balance sheet. He finds that an international contagion in central bank decisions about the policy interest rate has accentuated the deviation from standard interest rate rules that have worked in the past. He finds a similar contagion in decisions about the size of the balance sheet. By considering a counterfactual policy in the estimated model, Taylor is able to estimate by how much the policy of recent years has increased exchange rate volatility. After several rounds of monetary actions and reactions aimed at exchange rates, Taylor finds, the international monetary system is left with roughly the same interest rate configuration, but much larger balance sheets to unwind.

Author: Pierre-Richard Agénor
Publisher: World Bank Publications
ISBN:
Category : Capital movements
Languages : en
Pages : 68

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Book Description
This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.

Author: Olivier Jeanne
Publisher: Princeton University International Finance Section, Department of Econmics
ISBN:
Category : Business & Economics
Languages : en
Pages : 72

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Author: Maurice Obstfeld
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 108

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Author: B. Laperche
Publisher: Springer
ISBN: 0230523706
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
This book examines the life and works of John Kenneth Galbraith and demonstrates how his non-conventional approach to economics is critical to understanding the trouble that currently exists within economics and economic policies. With new perspectives on his work, this book proposes new answers to the economic challenges both industrialized and developing economies are facing.

Author: Jeffrey A. Frankel
Publisher: University of Chicago Press
ISBN: 0226260232
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market. This timely volume will be essential reading for anyone interested in the economics of international finance.