An exchange rate is the value of a currency, expressed in a different currency. With the ending of the gold standard by the American president in 1971, the value of the dollar was expressed in a different currency. Since then, exchange rates have become increasingly important. For you persona...
(0 = other race—i.e., American Indian or Alaska Native, Asian, White, Native Hawaiian or other Pacific Islander, South Asian, or other race not specified versus 1 = Black), and length of time without stable housing during lifetime (0 = less than 1 year versus 1 =...
Current Account Sustainability: Selected East Asian and Latin American Experiences A number of developing countries have run large and persistent current account deficits in both the late-1970s/early-1980s and in the early-1990s, raising ... GM Milesi-Ferretti,A Razin - 《Cepr Discussion Papers》...
What determines the exchange-rate value of the dollar relative to other currencies? What are the major factors that would cause the exchange-rate value of a currency to change? What are the four fundamental determinants of a country's exchange rate? Assuming the 30-day forward...
, Hercowitz,Zvi and Huffman,Gregory W.,"Investment, Capacity Utilization, and the Real Business Cycle," American Eco- nomic Review, June 1988, 78, 402-17.Greenwood, Jeremy (1983), "Expectations, the exchange rate and the current account" Journal of Monetary Economics 12: 543-69....
On impact, a real exchange rate depreciation induces a slight worsening of the trade balance, consistent with a J-curve effect and a standard Mundell–Fleming–Dornbusch model, before improving gradually and becoming positive in its effect on the trade balance. However, real exchange rate shocks ...
the way credit card rates were set. Previously, credit card issuers had much more flexibility in terms of when they could change customers’ rates. Now, the easiest way for them to adjust rates (especially on existing balances) is to tie the rate to an index such as the Prime Rate. ...
- 《North American Journal of Economics & Finance》 被引量: 17发表: 2013年 The Influence of Central Bank Interest Rate, Real Exchange Rate, Economic Growth and Foreign Direct Investment on Current Account in G7 Countries the real exchange rate on the G7 current account balance, the effect ...
Incorporating two independent habits over consumption and money holdings into a small country model, we examine the adjustment dynamics of the current account and the exchange rate to expansionary monetary and fiscal shocks under two alternative policy r
American at present minimum wage standard each hour 5.15 US dollars, at present US dollar exchange Renminbi exchange rate is approximately 7.7, namely American each hour minimum wage approximately Renminbi 40 Yuan, but in domestic economical most developed Shanghai hour minimum wage standard 6.5 Yua ...