Journal title
PSL Quarterly Review

   
ARTICLE
TITLE

The international transfer of capital and the propagation of domestic disturbances under alternative payment system

SUMMARY

Faced with the two extremes of fixed and rigid parities on the one hand, and a system of floating rates on the other, many economists have proposed a system based on official sliding parities. According to this line of reasoning, floating exchanges is unachievable politically and therefore this solution would be the maximum concession towards floating that one may hope to negotiate. In this paper, the authors develop a different argument in favour of sliding pegs as compared to either extremes and conclude that such a system combines the advantages of short-run fixity in mitigating propagation of cyclical disturbances with long-run or structural changes in surplus or deficit. JEL: E42, F33

PAGES
COLLECTIONS
Economy

 Articles related

Cassiane Chais, Paula Patrícia Ganzer, Pelayo Munhoz Olea    

Purpose – This paper aims to research how technology transfer occurs, based on the Schumpeterian approach to innovation trilogy focusing on the interaction between the university and the company. Design/methodology/approach – The methodology used for thi... see more


Wagdy Abdallah    

Purpose - This paper aims to discuss the challenges the switch from US GAAP into International Financial Reporting Standards (IFRS) pose multinational companies (MNCs); to investigate the transfer pricing of intangible assets with several important trend... see more


Pardis Alsadat Seyedmashhadi, Sayyed Abdolmajid Jalaee, Mehdi Nejati, Mohsen Zayandehroodi    

Opening doors of the economy and moving toward the globalization process increase business transactions, capital mobility and at the same time economies of scale and technology transfer. Naturally, risk spillovers are occurred along with business transac... see more


S.Y. Ravu, K.M. Parker    

This paper outlines aspects of a broader exploratory study on the management of skills shortages at a leading energy utility in Africa. Specifically, the paper examines the opinions of local and foreign personnel employed on a power plant construction pr... see more


Jackie Arendse,Lilla Stack    

AbstractIn recent years, there has been an increasing focus on new sources of taxation, including wealth tax. In South Africa, two phenomena have driven the focus on wealth tax. Firstly, the need for additional tax revenue to fund an ongoing and growing ... see more