Fear Of Floating

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Introduction During the past few years, many countries have suffered severe currency and banking crises, producing a staggering toll on their economies, particularly in emerging market countries. In many cases, the cost of restructuring the banking sector has been in excess of twenty percent of GDP and output declines in the wake of crisis have been as large as 14 percent...
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An increasingly popular view blames fixed exchange rates, specifically “soft pegs,” for these financial meltdowns.1 Not surprisingly, adherents to that view advise emerging markets (EMs) to allow their currency to float. 2 At first glance, the world--with the notable exception of Europe--does seem to be marching steadily toward floating exchange rate arrangements...
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Long Swings In The Exchange Rate And The Excess Returns Puzzle: The Ro Imperfect Knowledge William Strauss The paper is a clear breath of "dirty" air in the sterile world of perfect foresight. The authors offer a well worked out model of how agents persistently bid the exchange rate away from the expected long-run equilibrium rate...	2 / 489
Foreign Exchange Rate Sensitivity and Stock Price INTRODUCTION Variability in exchange rate is a major source of macroeconomic uncertainity affecting firms. After the 1970's, the rapid expansion in international trade and adoption of floating exchange rate regimes by many countries led to increase exchange rate volatility...	6 / 1654
Interest Rate Forecasting using Regression Analysis Introduction ? Forecast of interest rates can be done in many different ways, qualitative (surveys, opinion polls) as well as quantitative (reduced form and structural approaches)* ? Example of methods in quantitative approaches - Regression method - Univariate method (e...	6 / 1461
Exchange Rate Statistics Norway, Research Department Hilde C. Bjornland and Havard Hungnes The importance of interest rates for forecasting the exchange rate Abstract: This study compares the forecasting performance of a structural exchange rate model that combines the purchasing power parity condition with the interest rate differential in the long run, with some alternative models...	28 / 7822
Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in India, 1993-99 Renu Kohli* The paper examines the exchange rate management strategy of the Indian central bank after the shift to a floating exchange rate regime in 1993...	5 / 1130
The Effect of Exchange Rate Changes on Hedge Funds' Net Asset Value According to economic theory, an investment strategy based on exploiting differences in interest rates across countries should yield no predictable profits...	10 / 2764
?????? ????? ???????? ??? ????? 2003-5 ?????? ???? ????? ?? ???? 7 ? http://www.imf.org/external/pubs/ft/wp/2007/wp07194.pdf ??? ?????? ?? ?????? ???? ??????? ????? ???? ?? ???? ?? ?????? ????? ???"? ???? ???? ???????...	12 / 3093