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This study demonstrates why devaluation was ultimately necessary in Malawi and also what its eventual impact might be in terms of prices, income distribution, and domestic production. Our approach is to use a computable general equilibrium (CGE) model to evaluate the economywide impacts of...
Persistent link: https://www.econbiz.de/10011132725
Countries' concerns about the value of their currency have been studied and documented extensively in the literature. Capital controls can be—and often are—used as a tool to manage exchange rate fluctuations. This paper investigates whether countries can benefit from using such a tool. We...
Persistent link: https://www.econbiz.de/10011027204
Persistent link: https://www.econbiz.de/10005707212
Many countries have experienced banking and currency crises in recent years. Although these crises appear to share many common causes and consequences, they have generally been analysed by different sets of economists. This paper develops a common framework, applies this framework to analysing...
Persistent link: https://www.econbiz.de/10005726282
Persistent link: https://www.econbiz.de/10005346512
In recent years, central banks in the Czech Republic and Switzerland used exchange rate floor commitment to use unlimited FX interventions to keep the exchange rate above the declared floor rate to persistently devalue their currency and stimulate inflation. Central banks in other small open...
Persistent link: https://www.econbiz.de/10011809387
El puntaje-z peso es una medida objetiva para medir el grado de nutrición infantil en los menores de 5 años, la cual es … políticas de desarrollo humano. El objetivo del presente ensayo es mostrar procedimientos para calcular el puntaje-z peso como …
Persistent link: https://www.econbiz.de/10011098569
Este trabajo pretende conocer las secuelas que, sobre el estado nutricional neto de los mozos reclutados en Extremadura entre 1926 y 1975, dejaron las crisis alimentarias generadas por la Guerra Civil y por la férrea política de control de precios mantenida por el primer franquismo. Mediante...
Persistent link: https://www.econbiz.de/10010726361
In the past decade, some observers have noted an unusual aspect of the Mexican peso’s behavior: During periods when the … U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the … dollar. Very few other currencies display this behavior. In this paper, we attempt to explain the unusual pattern of the peso …
Persistent link: https://www.econbiz.de/10010577037
It has been suggested that Mexican investors were the “front-runners†in the peso crisis of December 1994, turning …, prompted Mexican investors to be the first ones to leave the country. This paper investigates whether data from three Mexican … devaluation, Mexican fund Net Asset Values (mainly driven by Mexican investors) dropped first and/or faster than Mexican country …
Persistent link: https://www.econbiz.de/10005714952