Results 11 to 20 of about 524,782 (308)
The foreign exchange market interventions of the European Central Bank
We analyze the effectiveness of the foreign exchange market interventions conducted by the European Central Bank (ECB) in the fall of 2000 to support the external stability of the euro.
M. Frenkel, C. Pierdzionc, G. Stadtmann
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Exchange rates and oligopoly [PDF]
Abstract The purpose of this paper is to explain empirical observations concerning the impact of exchange rate changes on industrial prices. As exchange rates change the pass-through into industrial prices is often incomplete and sometimes it goes into the `wrong' direction, i.e.
HENS, Thorsten +3 more
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Floating exchange rates, reciprocity and trade balance
The basis for reciprocal concessions in the process of multilateral trade liberalisation is firmly established for fixed exchange rate regimes. The move from fixed to flexible exchange rates suggests that commercial policy negotiations and indeed trade ...
J. AHMAD
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Exchange-Rate Exposure of Multinationals: Focusing on Exchange- Rate Issues [PDF]
This paper examines exchange-rate exposure of multinationals (MNEs) in light of detailed exchange rate data. Specifically, using MNE-specific exchange rates and accounting for the possibility that exchange-rate crises may impact a firm differently than periods of normal fluctuations, estimates suggest ¼ of all MNEs had significant exchange rate ...
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Relaxing the international constraints on full employment
A large number of economists seem to have come round in recent years to the view that Keynesian demand management policies do not work under current conditions.
A. BHADURI, E. MATZNER
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Approaches to Greater Flexibility of Exchange Rates the Bürgenstock papers [PDF]
This volume contains the papers presented and comments made at two conferences on the controversial subject of greater flexibility of exchange rates. The first of the conferences was held at Oyster Bay, New York, early in 1969, the second at Bürgenstock,
Halm, George N. 1901-1984 +1 more
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Relaxing the international constraints on full employment. A reply
A response to Steindl’s critique of “Relaxing the international constraints on full employment”, and in particular the authors’ proposal of the TOSTAB tax.
E. MATZNER
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Exchange Rate Regimes and the Real Exchange Rate [PDF]
It is well established now that the (nominal) exchange rate regime has important implications for the behavior of real exchange rates. Two key stylized facts in this regard are that real exchange rate variability is greater under flexible exchange rates than under fixed exchange rates and that real and nominal exchange rate movements are positively ...
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Some recent articles explain the Asian crisis almost exclusively in terms of "fundamentals". The role played by private sector's expectations, however, should also be considered.
Pompeo Della Posta
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Escaping the debt constraint on growth: a suggested monetary policy for Brazil
Existing interest rates imply explosive debt dynamics for Brazil. It also faces rising inflation from earlier currency depreciations, which could trigger future depreciation. These conditions impose a policy contradiction.
THOMAS I. PALLEY
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