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Currency Incontrovertibility, Trade Taxes and Smuggling

de Macedo, Jorge Braga - 1987

In the classic analysis of smuggling importers choose the optimal mix of legal and illegal trade, given trade taxes and the technology of detection. This paper introduces an inconvertible currency in the framework, so that illegal trade is valued at a rate higher than the (fixed) official...

Persistent link: https://www.econbiz.de/10012476893

Interest rate differentials under an exchange rate convertibility zone : a carry trade perspective

Fung, Joseph K. W.; Lam, Eric - 2019

Persistent link: https://www.econbiz.de/10012203057

Maximizing Seignorage Revenue During Temporary Suspensions of Convertibility : A Note

Bordo, Michael - 1992

This note extends the theory of the revenue maximizing rate of monetary growth to the case of a temporary suspension of … convertibility. It also suggests a methodology for the interpretation of monetary behavior during historical periods of … revenue by generating an inflation, but the terminal condition of a return to convertibility implies that the price level must …

Persistent link: https://www.econbiz.de/10012474956

Interest Rate Differentials Under an Exchange Rate Convertibility Zone : A Carry Trade Perspective

Fung, Joseph K. W. - 2020

/USD market condition using a truncated distribution that reflects full confidence in the HKD/USD Convertibility Zone under the …

Persistent link: https://www.econbiz.de/10012846267

Money runs

Donaldson, Jason Roderick; Piacentino, Giorgia - In: Journal of monetary economics 126 (2022), pp. 35-57

Persistent link: https://www.econbiz.de/10013364917

Convertibles in Sequential Financing

Wang, Susheng - 2010

Sequential financing is a popular strategy in corporate finance. However, depending on the type of financial instrument used to carry out the strategy, sequential financing can have many potential problems. This paper shows that certain types of convertibles can be deployed to resolve the...

Persistent link: https://www.econbiz.de/10013149906

Convertible Procurement Contracts

Birulin, Oleksii; Wong, Joshua - 2023

We study a convertible procurement contract that combines two prevalent fixed-price and cost-plus contracts. After the project begins, the contractor may invest in more accurate cost information that can be further used as evidence to convert his initial fixed-price contract into a cost-plus...

Persistent link: https://www.econbiz.de/10014346134

The price of money: the reserves convertibility premium over the term structure

Nyborg, Kjell G.; Woschitz, Jiri - 2024

Persistent link: https://www.econbiz.de/10014486914

The price of money : the reserves convertibility premium over the term structure

Nyborg, Kjell; Woschitz, Jiri - 2023

Persistent link: https://www.econbiz.de/10014329295

Convertibilité, contrebande et dévaluation

Azam, Jean-Paul - In: Revue d'économie du développement : revue trimestrielle 2 (1994) 3, pp. 79-104

Persistent link: https://www.econbiz.de/10001340090