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1993
An exchange rate is simply the rate at which one currency can be exchanged for another currency. For example, if the rate of exchange between sterling and the Deutschmark is £1 = DM2.95, this tells us that each pound sterling we give up ‘purchases’ 2.95 Deutschmarks. But what determines the exchange rate? The answer depends on the type of exchange rate
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An exchange rate is simply the rate at which one currency can be exchanged for another currency. For example, if the rate of exchange between sterling and the Deutschmark is £1 = DM2.95, this tells us that each pound sterling we give up ‘purchases’ 2.95 Deutschmarks. But what determines the exchange rate? The answer depends on the type of exchange rate
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Inflation Targeting and Exchange Rate Management in Less Developed Countries
Social Science Research Network, 2016We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly
Marco Airaudo +2 more
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Bretton Woods Fixed Exchange Rate System versus Floating Exchange Rate System [PDF]
, 2011 One of the most important issues of monetary policy is to find out whether the state should intervene among the exchange rates, taking into account the fact that changes in the exchange rates represent a significant transmission channel of the effects generated by the monetary policy. Taking into consideration the failure of fixed exchange rate regimes
Geza, Paula, Giurca Vasilescu, Laura
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EXCHANGE RATE SYSTEM OF THE AIRCRAFT
Авиакосмическое приборостроение, 2019В статье показано назначение курсовых систем, являющихся основой автономной навигации пассажирской и транспортной авиации, а также беспилотных летательных аппаратов. Курсовые системы с датчиками авиагоризонта определяют пространственную ориентацию летательного аппарата (ЛА) и входят вместе с датчиками скорости, высоты полета и аппаратурой радиосвязи в ...
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The Foreign Exchange Market, Exchange Rate Determination and Exchange Rate Systems
1988There are almost as many currencies in the world as there are countries. Not all the latter, however, are independent and, therefore, not all are members of the United Nations, or the International Monetary Fund which had a membership of 181 at the end of April 1996.
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Energy Conversion and Management, 2019
Fuel cells offer one of the most eco-friendly and efficient ways of energy production. In this study a thermodynamic and exergoeconomic assessment of a proton exchange membrane fuel cell (PEMFC) system at steady-state operation condition are carried out.
A. Chitsaz +2 more
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Fuel cells offer one of the most eco-friendly and efficient ways of energy production. In this study a thermodynamic and exergoeconomic assessment of a proton exchange membrane fuel cell (PEMFC) system at steady-state operation condition are carried out.
A. Chitsaz +2 more
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Real exchange rates under alternative nominal exchange-rate systems
Journal of International Money and Finance, 1983Abstract The paper develops an equilibrium model of the determination of exchange rates, the relative price of nontraded goods, and the current account. The focus is on the effects of various real and nominal disturbances and the conditions under which the nominal exchange-rate system is neutral with respect to real variables in the economy.
Alan C. Stockman, Alan C. Stockman
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Apparent exchange rate imaging in anisotropic systems
Magnetic Resonance in Medicine, 2013PurposeDouble‐wave diffusion experiments offer the possibility of probing correlation between molecular diffusion at multiple time points. It has recently been shown that this technique is capable of measuring the exchange of water across cellular membranes.
Casper K, Sønderby +3 more
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Common Stochastic Trends in a System of Exchange Rates
The Journal of Finance, 1989ABSTRACTUnivariate tests reveal strong evidence for the presence of a unit root in the univariate time‐series representation for seven daily spot and forward exchange rate series. Furthermore, all seven spot and forward rates appear to be cointegrated; that is, the forward premiums are stationary, and one common unit root, or stochastic trend, is ...
Baillie, Richard T, Bollerslev, Tim
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Improving the Exchange Rate System
2018With magisterial simplicity the heads of state agreed at Rambouillet to work for greater stability in monetary affairs. Proposals for achieving stability were to be worked out by finance ministers and central bankers. Next week at Jamaica the ministers meet to discuss their plans.
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