Exchange rate appreciation by remittanceThis chapter considers the welfare implications of foreign direct investment (FDI) under a flexible exchange rate system, from the viewpoint of a macroeconomic theory. With FDI there can be a conflict between individual firms and the national economy as a ...
The Flexible Exchange Rate System: Experience and Alternatives We conclude that the foreign exchange market is characterized by high transactions-volume, short-term horizons, and an absence of stabilizing speculation. As a result, the exchange rate at times strays from the equilibrium level dictated ...
special event, we investigate two issues pertinent to the change in the exchange rate system: how the documented price discounts on Chinese foreign shares (B- and H-shares) changed after China shifted to a more flexible exchange rate system; and what potential factors contributed to such changes...
The seminal work of Laursen and Metzler [1] suggests that the employment-isolation effect under the flexible exchange rate system is imperfect even if international capital mobility is completely prohibited. Assuming a small country model rather than the two-country model of Laursen and Metzler [1...
求翻译:While, under a flexible exchange rate, growing external deficits may eventually lead to a realignment in relative prices and induce self-correcting movements in trade flows, under a fixed exchange rate regime (or a monetary union for that matter), the continuous gradual losses in price co...
Under the flexible exchange rate, lowering the price of a foreign currency willA.allow the expansion of monetary policy without causing inflation.B.decrease the foreign countrys output.C.pr a foreign price increase from causing deflation at home.D.cause
Three myths about Canada's flexible exchange rate To what extent do exchange rate regimes affect private sector's incentives to hedgecurrency risk? The goal of this paper is to analyze the effect that the change from a pegged to a floating exchange rate regime had on the currency denomi......
Under a flexible-price monetary approach to the exchange rate,A.when the domestic money supply falls, the price level would ually fall, increasing the interest rate.B.when the domestic money supply falls, the price level would fall right away, causing a
According to conventional wisdom, fiscal policy is more effective under a fixed than under a flexible exchange rate regime. In this paper we reconsider the... G Corsetti,K Kuester,G Müller - 《Cepr Discussion Papers》 被引量: 165发表: 2011年 A game between the fiscal and the monetary auth...
During the last decade, Europe has experienced a remarkable increase in the integration of economic, political and social structures. In the European Union, this process of integration culminated in the Economic and Monetary Union (EMU). EMU formally sta