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Monetary policies --- Monetary policies --- Currencies --- Currencies
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Monetary policies --- Monetary policies --- Currencies --- Currencies
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This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries' currencies as procyclical if they appreciate in good times, countercyclical if they appreciate in bad times, and acyclical otherwise. With this classification, the paper shows that: (i) the countries that are commodity exporters and experience procyclical capital flows tend to have procyclical currencies; (ii) countries with procyclical currencies tend to restrict their capital accounts, perhaps as an attempt to reduce the degree of procyclicality; (iii) countries with procyclical currencies pursue procyclical monetary policy; (iv) however, in the last decade, there is a disconnect between the cyclicality of currency and monetary policy; and (v) the disconnect may reflect a decline in the fear of floating, which can be partially attributed to an improvement in countries' net foreign asset positions.
Countercyclical Currencies --- Currency Cyclicality --- Exchange Rate --- Fear Of Floating --- Foreign Asset Position --- Monetary Policy --- Procyclical Currencies --- Trilemma
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This paper looks at the correlation between the cyclical components of gross domestic product and the exchange rate and classifies countries' currencies as procyclical if they appreciate in good times, countercyclical if they appreciate in bad times, and acyclical otherwise. With this classification, the paper shows that: (i) the countries that are commodity exporters and experience procyclical capital flows tend to have procyclical currencies; (ii) countries with procyclical currencies tend to restrict their capital accounts, perhaps as an attempt to reduce the degree of procyclicality; (iii) countries with procyclical currencies pursue procyclical monetary policy; (iv) however, in the last decade, there is a disconnect between the cyclicality of currency and monetary policy; and (v) the disconnect may reflect a decline in the fear of floating, which can be partially attributed to an improvement in countries' net foreign asset positions.
Countercyclical Currencies --- Currency Cyclicality --- Exchange Rate --- Fear Of Floating --- Foreign Asset Position --- Monetary Policy --- Procyclical Currencies --- Trilemma
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Les monnaies virtuelles vous intriguent, vous rêvez de vous lancer vous aussi dans ce type d'investissement mais vous ne savez pas comment vous y prendre ? Ce guide pratique est fait pour vous. Il vous offre la possibilité de pénétrer pas à pas dans l'univers des cryptomonnaies et d'en comprendre les rouages complexes sans prendre de risque démesuré.Gilles Quoistiaux, journaliste économique spécialisé en nouvelles technologies, s'est mis dans la peau d'un apprenti « cryptoboursicoteur » et relate étape par étape, dans un style accessible et décomplexé, les succès, les difficultés mais aussi les échecs rencontrés. Au fil des conseils prodigués, les investisseurs en herbe comprendront mieux les dangers à éviter et, surtout, les opportunités à saisir dans leur course aux bitcoins.Journaliste économique au magazine Trends-Tendances depuis plus de dix ans et chroniqueur sur La Première (RTBF), Gilles Quoistiaux est passionné par les mutations numériques qui touchent tous les pans de notre société.
Virtual currencies --- Blockchains (Databases) --- Cryptocurrencies --- Bitcoin --- Electronic commerce --- Cryptocurrencies. --- Crypto coins --- Cryptocoins --- Digital currency
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Monetary unions. --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money
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Over the past few years, a new system of currency has appeared in our daily life: the complementary community currency. Indeed, more than 5,000 complementary currencies have been established lately. As its name suggests, it is a currency used in parallel with the national currency within a given territory. Based on the principle of local production, sustainable and social economy, the users are citizens of common life who choose to change their way of living by adopting responsible acts. Local communities pool their efforts to recognize unmet needs and to bring solution to create systems that benefit to local producers rather than mass retails. This works attempts to clarify the different types of complementary community currencies and to provide the key success factors of those initiatives. Many factors have been found by the review of the scientific literature and several specific projects were interviewed to validate those assumptions. It appears that different characteristics should be brought to light in order to offer successful project depending on the type: either LETS (Local Exchange Trading System) or local currency. The qualitative analysis enables us to qualify the type and number of initiators, the size of the network, the type of financing, the support of the public authorities as some characteristics among others that will have to be discussed and appropriately chosen to make the project a real success and to help it succeed in the long run
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This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is best characterized as a flexible inflation targeter: contrary to criticism, it does not neglect changes in the output gap when setting policy rates. The paper does not find that the Reserve Bank of India became more hawkish following the transition to inflation-targeting; to the contrary, adjusting for inflation and the output gap, policy rates became lower, not higher. Some evidence suggests that inflation has become better anchored: increases in actual inflation do less to excite inflation expectations, indicative of improved anti-inflation credibility. The question is whether the shift to inflation-targeting has enhanced the credibility of monetary policy such that the Reserve Bank of India is in a position to take extraordinary action in response to the Covid-19 crisis. The paper argues that the rules and understandings governing inflation-targeting regimes come with escape clauses allowing central banks to shelve their inflation targets temporarily, under specific circumstances satisfied by the Covid-19 pandemic. The paper provides evidence that inflation-targeting central banks were able to respond more forcefully to the Covid-19 crisis, consistent with the idea that inflation expectations were better anchored, providing more policy room for maneuver.
Currencies and Exchange Rates --- Exchange Rate --- Fiscal and Monetary Policy --- Inflation --- Macroeconomic Management --- Monetary Policy
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Macroeconomic analysis --- Macroeconomic analysis --- Economic policies --- Economic policies --- supply balance --- supply balance --- Currencies --- Currencies --- Economic theories --- Economic theories --- Economic indicators --- Economic indicators --- Classical economics --- Classical economics --- Economic growth --- Economic growth --- Canada --- Canada
Listing 1 - 10 of 2093 | << page >> |
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