Showing 1 - 10 of 123
Contrary to the expectations of those who advocated flexible exchange rates prior to 1973, Williamson, in his study on exchange rate flexibility and reserve use, presented data which suggested “the paradoxical conclusion that reserve use actually increased following the adoption of...
Persistent link: https://www.econbiz.de/10011552716
The switch to floating exchange rates during the 1970s has given economists the first comprehensive opportunity to assess the arguments for and against floating. Much new work has been done on various aspects of floating exchange rate behaviour. This article attempts a limited survey of the...
Persistent link: https://www.econbiz.de/10011553576
Since the introduction of the system of floating exchange rates policy-makers have been troubled by uncertainties regarding the effects of this system on international trade. Do exchange rate changes affect trade flows? Can governments manipulate exchange rates? Have countries been “injured”...
Persistent link: https://www.econbiz.de/10011554226
Persistent link: https://www.econbiz.de/10011556732
Persistent link: https://www.econbiz.de/10011560101
The attitude of German exporters and importers to currency risks under a system of floating exchange rates has, for the first time, been the subject of an empirical study by the HWWA Institute. The investigation was, in the main, based on a questionnaire sent to 719 enterprises of all sizes...
Persistent link: https://www.econbiz.de/10011557053
Persistent link: https://www.econbiz.de/10009520541
The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was … rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment …. This paper gives an overview of developments in the euro area and explains the reasons for the strength of the franc, the …
Persistent link: https://www.econbiz.de/10009682346
Persistent link: https://www.econbiz.de/10002455952
Persistent link: https://www.econbiz.de/10001501729