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32.536  Articles
1 of 3.255 pages  |  10  records  |  more records»
The basis for reciprocal concessions in the process of multilateral trade liberalisation is firmly established for fixed exchange rate regimes. The move from fixed to flexible exchange rates suggests that commercial policy negotiations and indeed trade li... see more

In this brief note, the author argues that the emphasis on fixed nominal exchange rates inside the EMS creates severe distortions as long as inflation rates are not converging. JEL: E42, F36

The article is a brief response to Goldstein and Cohn’s paper on alternative exchange-rate systems in which empirical evidence is exhibited which does not favour either fixed or floating rates in dampening the effect of a disturbance to the rest of the wo... see more

For better or for worse the world has drifted into a system of managed floating exchange rates. However, despite a series of economic and political shocks, the experience with floating rates has been reassuring. Recent history provides an interesting back... see more

The first official endeavours to bring about European monetary union were made when the system of fixed exchange rates was on the verge of collapse; in the intervening years the situation has hardly been more favourable than at the outset. Recently, howev... see more

The study aims to analyze how banking stock prices response to GDP, inflation and exchange rate in the Indonesia Stock Exchange (IDX) and Hong Kong Stock Exchange (HKEX). For this purpose a panel data of of seven listed bank’s company in each country... see more

I certainly agree with the authors on the main point, which is that flexible exchange rates do not result in an automatic adjustment that brings equilibrium with full employment. What I would argue is that flexible exchange rates, however, may be more adv... see more

This paper examines the intentions and outturns of central bank policies in Europe from the collapse of the Bretton Woods system of fixed exchange rates until the start of EMU in 1999. It focuses on the lessons that can ... see more

Following the collapse of the Bretton Woods system of fixed exchange rates in 1971, an agreement on the basic principles of a new exchange rate system could not be reached. Many monetary authorities continue to hope that it will ultimately be possible to ... see more

1 of 3.255 pages  |  10  records  |  more records»