Results 261 to 270 of about 250,898 (310)
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The Review of Economics and Statistics, 1964
CONTEMPORARY governments appear to J have embraced too easily three incompatible goals; full employment, stable prices, and an inflexible exchange rate. More sensible policies could be pursued if one or possibly two of these goals were abandoned. Clearly, the least fundamental of the three is the foreign exchange rate, and if it could be shown that a ...
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CONTEMPORARY governments appear to J have embraced too easily three incompatible goals; full employment, stable prices, and an inflexible exchange rate. More sensible policies could be pursued if one or possibly two of these goals were abandoned. Clearly, the least fundamental of the three is the foreign exchange rate, and if it could be shown that a ...
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Temporary Stabilization: Predetermined Exchange Rates
Journal of Political Economy, 1986The paper analyzes the impact of a stabilization policy based on a temporary reduction in the rate of devaluation. Against a background in which a constant rate of devaluation has no real effects, it is shown that the temporary policy does and, furthermore, that the real effects tend to become bigger (in absolute value) as the horizon of the temporary ...
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Towards Exchange Rate Stability?
Economic Outlook, 1987At their recent meeting in Washington the Group of Seven reafirmed their desire to hold exchange rates at about their current level. In this Viewpoint we consider the prospects for success. We conclude that although current rates are feasible in terms of competitiveness, the system will remain under strain as long as there are major inconsistencies ...
ALAN BUDD, GEOFFREY DICKS
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Stabilization with Exchange Rate Management
1986Stabilization programs in open economies typically consist of two stages. In the first stage the rate of currency devaluation is reduced without a sufficient fiscal adjustment to eliminate the deficit that causes continued growth of debt and loss of reserves.
Drazen, Allan +3 more
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Monetary and Exchange Rate Stability at the EU Mediterranean Borders
SSRN Electronic Journal, 2004Résumé La stabilisation du taux de change est l’un des principaux objectifs de la politique monétaire d’un certain nombre de pays méditerranéens. Nous présentons un modèle de microstructures du marché des changes fondé sur une analyse technique des anticipations qui permet de classifier les régimes de change de facto et de déduire une mesure de leur ...
Christian Bauer, Bernhard Herz
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Exchange Rate Stabilization and Welfare
Annual Review of Economics, 2014This article considers recent literature on optimal monetary policy in simple open-economy models. The presence of pricing to market, incomplete financial markets, and differences in preferences among households (in different countries) introduces some fundamental differences between closed- and open-economy New Keynesian models.
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THE CASE FOR STABILIZING EXCHANGE RATES
Oxford Review of Economic Policy, 1989This paper presents the case for a return to an system. The main point of the analysis in this paper exchange rate system resembling that which preis in fact to show why modem critiques of traditional vailed in the Bretton Woods period, or which logic here are in fact unjustified, prevails within Europe at the present time.
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A class of quadratic options for exchange rate stabilization
Journal of Economic Dynamics and Control, 2005zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Suh, Sangwon, Zapatero, Fernando
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Exchange-Rate Stability Considered
Econometrica, 1949The violence of exchange-rate fluctuations in countries which in the past, have had unregulated markets for foreign exchange has frequently led to the conjecture that a system of market exchange rates may be inherently unstable. The condition of stability, of course, is that: a rise in the price of foreign currency shall reduce the excess demand for ...
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Exchange Rate Flexibility and Macro-Economic Stability
The Review of Economics and Statistics, 1974W OULD a movement from fixed to flexible exchange rates increase or decrease the stability of economic activity? This paper presents calculations of how increased responsiveness of exchange rates to balance-of-payments pressures would have affected macro-economic stability for most of the world's developed nations in the recent past.
Tower, Edward, Courtney, Mark M
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