Narrow search
Showing 1 - 10 of 2,202
Cover Image
Real Exchange Rate Misalignments and Growth
Razin, Ofair - 1997
Real exchange rate (RER) misalignment is now a standard concept in international macroeconomic theory and policy. However, there is neither a consensus indicator of misalignment, nor an agreed upon methodology for constructing such an indicator. This paper constructs an indicator of RER...
Persistent link: https://www.econbiz.de/10012472640
Cover Image
Fiscal Deficits, Exchange Rate Crises and Inflation
van Wijnbergen, Sweder - 1987
reforms may cause jumps in inflation and the exchange rate through their impact on the government budget. In order to achieve … a sustainable reduction in inflation an exchange rate freeze or crawling peg is shown to require restrictions not only …-collapse inflation will exceed the rate prevailing before the freeze started …
Persistent link: https://www.econbiz.de/10012476939
Cover Image
A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions
Edwards, Sebastian - 2003
probability of being a common currency country and outcome' equations for growth, volatility and inflation. We find that both type … of common currency countries have lower inflation than countries with a domestic currency. Dollarized countries have …
Persistent link: https://www.econbiz.de/10012469189
Cover Image
International economic cooperation
Feldstein, Martin S. (contributor) - 1988
Persistent link: https://www.econbiz.de/10000748736
Cover Image
Contractionary Devaluation, and Dynamic Adjustment of Exports and Wages
Larrain, Felipe - 1986
Recent macroeconomic models of developing countries have emphasized the possibility of contactionary devaluations, stressing that domestic aggregate demand is likely to be reduced by the devaluations while aggregate supply may respond only slowly to the change in relative prices brought about by...
Persistent link: https://www.econbiz.de/10012476992
Cover Image
Real Exchange Rate Variability : An Empirical Analysis of the Developing Countries Case
Edwards, Sebastian - 1986
The purpose of this paper is to investigate the potential role of monetary and real factors in explaining real exchange rate variability in developing countries. For this purpose two indexes of real effective exchange rate variability that measure short-term and long-term variability were...
Persistent link: https://www.econbiz.de/10012477144
Cover Image
Are Devaluations Contractionary?
Edwards, Sebastian - 1985
Recently a number of authors have criticized the role of devaluations in traditional stabilization programs. It has been argued that, contrary to the traditional view, devaluations are contractionary, and generate a decline in aggregate output. In spite of the renewed theoretical interest in the...
Persistent link: https://www.econbiz.de/10012477404
Cover Image
The Demand for International Reserves and Exchange Rate Adjustments : TheCase of LDCs, 1964-1972
Edwards, Sebastian - 1983
In this paper the relationship between the demand for international reserves and exchange rate adjustments is empirically investigated for agroup of LDC's. It is shown that countries that have maintained a fixed exchange rate for a long period of time have a different demand function than...
Persistent link: https://www.econbiz.de/10012478040
Cover Image
Exchange Rate Regimes and Capital Mobility : How Much of the Swoboda Thesis Survives?
Eichengreen, Barry - 2008
have been able to abandon soft peg because of their success in substituting inflation targeting for exchange rate targeting …
Persistent link: https://www.econbiz.de/10012464545
Cover Image
Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies
Husain, Aasim M. - 2004
inflation. In contrast, for advanced economies, floats are distinctly more durable and also appear to be associated with higher …
Persistent link: https://www.econbiz.de/10012468017