a(1) some flexibility permitted: some adjustment to the fixed official rate is possible if the economic case become unstoppable. That said countries with fixed exchange rates are often relucatant to (1) 被允许的一些灵活性: 如果经济案件变得挡不住,对固定的官价汇兑率的一些调整是可能的。 那说的...
This paper shows that for UAE, an oil exporting country with pegged exchange rate and open capital account, adjusting nominal interest rate only to foreign rate could be economically inconsistent. By incorporating a market-expected exchange rate mechanism in a semi-structural New Keynesian Model, ...
the exchange rate of foreign for domestic currency,E = 1.E > 1.domestic and foreign interest rates are equal,i = i*.individuals will only hold domestic bonds. 答案 1.domestic rate高,还appreciate,individual肯定hold domestic bonds only2.fixed exchange regime 央行先宣布一个汇率,然后通过reserve...
Qatar owes its high savings rate of 67.7% to both its high average income of about $114,049 in purchasing power parity terms and its oil exports. Furthermore, theQatari Riyalhas afixed exchange ratewith the U.S. dollar, which is common among Middle Eastern countries. 3. Ireland (64.1%)...
Even if in theory, the nominal variables are neutral in the long run, empirically, we see different behaviour patterns in the real exchange rate: countries with fixed exchange rates depreciate less in real terms than other... VCC Couharde 被引量: 15发表: 0年 THE POLITICAL ECONOMY OF FORCED...
Foreign currency reserves can also be used to control exchange rates, which in turn affects global trade. If a currency, whetherfixedorfloating, begins to deviate from its desired rate with a foreign currency, the central bank can buy and sell reserves as needed torestorethe intended exchange ...
What do international flows of capital have to do with trade imbalances? What are the four biggest markets for foreign exchange trade? What is the impact of change in the exchange rate? What is the Trilemma or the "Impossible Trinity" for fixed exchange rate...
If a country decides to have a fixed exchange rate, what can it do to ensure its value is kept proportionally the same to another currency? Explain how tariffs and quotas placed on U.S. imports affect the dollar's exchange rate under a system ...
[translate] aCountries can adopt only two of the following three policies: free capital flows, a fixed exchange rate, and an independent monetary policy. 国家只可能采取二以下三项政策: 自由资本流程、一个固定交换率和一项独立货币政策。[translate]...
As the European Community (EC) unifies its financial markets and fixes its exchange rates, the EFTA countries are liberalizing capital movements to the same extent. The EFTA countries thus face a decision on financial markets and exchange rate policy: should they essentially join the European Monet...