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The Limited Viability of Dual Exchange-Rate Regimes

Frenkel, Jacob A. - 1986

This paper examines the viability of dual exchange-rate regimes. Typically, under such a regime the exchange rates applicable to current-account(commercial) transactions and to capital-account (financial) transactions differ from each other. This difference may be determined in the free market...

Persistent link: https://www.econbiz.de/10012477173

The International Transmission and Effects of Fiscal Policies

Frenkel, Jacob A. - 1986

In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and volatile real rates of tnterest, large fluctuations in real exchange rates, and significant variations in private-sector spending. This paper reviews some of the key facts...

Persistent link: https://www.econbiz.de/10012477278

Asset Markets, Exchange Rates and the Balance of Payments

Frenkel, Jacob A. - 1984

This paper, written as a chapter for a Handbook of International Economics, reviews developments in the theory of … of exchange rate theory, starting with the monetary approach to exchange rate determination. Issues discussed in this … framework that views the question of exchange rate determination as part of the general theory of the determination of asset …

Persistent link: https://www.econbiz.de/10012477808

Fiscal Policies, Debt, and International Economic Interdependence

Frenkel, Jacob A. - 1984

the theory of international economic transfers. In the present case the impact of policies depends on the relations among …

Persistent link: https://www.econbiz.de/10012477831

Aspects of the Optimal Management of Exchange Rates

Frenkel, Jacob A. - 1981

This paper analyzes aspects of the economics of the optimal management of exchange rates. It shows that the choice of the optimal exchange rate regime depends on the nature and the origin of the stochastic shocks that affect the economy. Generally, the higher is the variance of real shocks which...

Persistent link: https://www.econbiz.de/10012478367

Monetary and Fiscal Policies in an Open Economy

Frenkel, Jacob A. - 1980

developments in the theory of macroeconomic policy have established conditions for the effectiveness of policies in influencing …

Persistent link: https://www.econbiz.de/10012478558

Flexible Exchange Rates in the 1970's

Frenkel, Jacob A. - 1980

of the purchasing power parity theory and that the deviations from purchasing power parities can be characterized by a …

Persistent link: https://www.econbiz.de/10012478695

Exchange Rates in The 1920's : A Monetary Approach

Frenkel, Jacob A. - 1978

Current views about flexible exchange rate systems are based, to a large extent, on the lessons from the period of the 1920's during which many exchange rates were flexible. This paper re-examines the evidence from the perspective of the recently revived monetary approach (or more generally,...

Persistent link: https://www.econbiz.de/10012478860

Exchange-Rate Management Viewed as Tax Policies

Frenkel, Jacob A. - 1988

The paper develops an analytical framework which demonstrates that the various forms of exchange-rate management are equivalent to corresponding tax policies. To highlight the salient issues, we consider two specific categories of exchange-rate policies. The first is a dual exchange-rate regime,...

Persistent link: https://www.econbiz.de/10012476411

Exchange rates and international macroeconomics

Frenkel, Jacob A. (ed.) - 1983 - 1. [print.]

Persistent link: https://www.econbiz.de/10000043250