The Exchange Rate in a Controlled Foreign Exchange Market
Author : Sukumar Nandi
Publisher :
Page : 182 pages
File Size : 40,49 MB
Release : 1985
Category : Dissertations, Academic
ISBN :
Author : Sukumar Nandi
Publisher :
Page : 182 pages
File Size : 40,49 MB
Release : 1985
Category : Dissertations, Academic
ISBN :
Author : Mr.R. B. Johnston
Publisher : International Monetary Fund
Page : 190 pages
File Size : 36,73 MB
Release : 1999-09-24
Category : Business & Economics
ISBN : 9781557757951
This study reviews the developments and issues in the exchange arrangements and currency convertibility of IMF members. The principal information source for this report is the Annual Report on Exchange Arrangements and Exchange Restrictions prepared in consultation with national authorities.
Author : Gideon Fishelson
Publisher :
Page : 34 pages
File Size : 39,37 MB
Release : 1976
Category :
ISBN :
Author : Robert Miller
Publisher :
Page : 88 pages
File Size : 19,95 MB
Release : 1979
Category : Business & Economics
ISBN :
Author : NA Child
Publisher : Springer Science & Business Media
Page : 252 pages
File Size : 46,28 MB
Release : 2013-03-13
Category : Business & Economics
ISBN : 9401553017
The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years. With the exception of the United States no important trading nation in the world of today maintains a freely convertible currency. On the contrary, each nation maintains a more or less comprehensive system of controls over the receipts and payments which can be effected in international markets. Recent efforts to reduce the extent and rigor of exchange regu lation, notably in Western Europe, have yielded modest results; it seems unlikely, however, that foreign exchange transactions will ever again be completely free of controL Foreign exchange control, with a greater or lesser degree of bilateralism, is a product born largely of necessity. Two world wars and a major world-wide depression so distorted the pattern of world trade and investment that free markets were simply unable to achieve their "normal" automatic adjustment. Ex change control, on the other hand, has demonstrated its efficiency as a means of maintaining a semblance of order in disorganized international markets. Unfortunately, however, exchange con trol also has great possibilities for further distortion of the pat tern of world trade, for discrimination, and for economic ex ploitation - for economic effects generally considered undesirable.
Author : Tu Hong
Publisher : Kluwer Law International B.V.
Page : 410 pages
File Size : 16,19 MB
Release : 2004-01-01
Category : Business & Economics
ISBN : 9041124268
Foreign Exchange Control in China lays out comprehensively the compliance requirements, procedures and documentation for the conduct of foreign exchange transactions in China. Written in an easy-to-read format, the book is designed to help readers understand and handle the various complicated aspects and requirements of foreign exchange control in China. Compliance requirements for the current and capital accounts, foreign exchange settlements, use and administration of foreign exchange accounts, foreign debts and guarantees, import, export, service trade, bonded zones and qualified foreign institutional investors are closely examined with a list of the procedures to follow and applicable documentation provided. Contents are specially included to assist foreign investors deal with foreign exchange requirements whilst operating in China, including those for capital movements and remittance of profits and dividends out of China. Foreign Exchange Control in China is an indispensable guide to foreign investors and multinational companies as well as to lawyers, financial, accounting and tax professionals. This title forms part of the Asia Business Law Series. The Asia Business Law Series is published in cooperation with CCH Asia and provides updated and reliable practical guidelines, legislation and case law, in order to help practitioners, policy makers and scholars understand how business is conducted in the rapidly growing Asian market. This book was originally published by CCH Asia as the loose-leaf Foreign Exchange Control in China
Author : Mr.Philipp Hartmann
Publisher : International Monetary Fund
Page : 54 pages
File Size : 27,96 MB
Release : 1994-12-01
Category : Business & Economics
ISBN : 1451928122
Capital adequacy regulations or quantity restrictions on bank portfolios put forward by the Basle Committee on Banking Supervision have virtually become an international standard of prudential regulation. Recent proposals aim at extending this approach to market risks, in particular to foreign exchange risk. The present paper provides a critical analysis of proposals to introduce foreign exchange position limits on a uniform cross-country basis, focusing on their effectiveness and their possible impact on the functioning of both mature and developing foreign exchange markets. Theoretical considerations are underpinned in the paper with descriptions of existing or proposed regulations, in a broad range of both industrial and developing countries. Experiences with the use of foreign exchange position limits in developing countries provide insight into their widespread use for other than prudential purposes, in particular to support exchange rate and exchange control policies.
Author : Peter J. Quirk
Publisher : International Monetary Fund
Page : 72 pages
File Size : 16,16 MB
Release : 1988-06-16
Category : Business & Economics
ISBN :
This paper describes and analyzes forward market systems with varying degrees of sophistication, and it assesses them from the viewpoint of a smaller industrial or developing country asking itself how it could institute such a system, or how it could further develop an existing system in a way consistent with its institutional and macroeconomic structure. All industrial countries except Iceland now have forward exchange markets in which the rate is determined by the market. Forward markets that have been liberalized in several countries in the 1980s have matured quickly. There are several variants of market-determined systems which could be envisaged. An auction market could be devised for forward transactions, but is unlikely to be practical, because the supply of forward exchange probably may not be determined in advance sufficiently accurately. As the last stage of its development, the market could be extended from underlying commercial transactions to forward transactions of a purely financial character, a process that is taking place in most of the few industrial countries that have retained regulated forward systems. Development of a forward market is not a panacea for incorrect financial policies. In fact, cultivation of the market will require the adoption and maintenance of realistic financial policies.
Author : William C. Gruben
Publisher : Springer Science & Business Media
Page : 274 pages
File Size : 45,85 MB
Release : 1997-08-31
Category : Business & Economics
ISBN : 9780792399087
The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.
Author : Y. C. Lum
Publisher : Routledge
Page : 1149 pages
File Size : 20,22 MB
Release : 2020-09-02
Category : Business & Economics
ISBN : 1000172589
This book provides a technical and specialised discussion of contemporary and emerging issues in foreign exchange and financial markets by addressing the issues of risk management and theory and hypothesis development, which have general implications for finance theory and foreign exchange market management. It offers an in-depth, comprehensive analysis of the issues concerning the volatility of exchange rates. The book has three main objectives. First, it applies the integrated study of exchange rate volatility in terms of depth and breadth. Second, it applies the integrated study of exchange rate volatility in Malaysia, as a case study of a developing country. Malaysia had imposed capital control measures in the past and has now liberalised its exchange rate market and will continue to liberalise it further in the long run. Hence, the need to understand exchange rate volatility measurement and management will be even more important in the future. Third, the book highlights new conditional volatility models for a developing country, such as Malaysia, and develops advanced econometric models which have produced results for sound risk management strategies and for achieving risk management in the financial market and the economy. Additionally, the authors recommend risk management themes which may be of relevance to other developing countries. This work can be used as a reference book by fund managers, financial market analysts, researchers, academics, practitioners, policy makers and postgraduate students in the areas of finance, accounting, business and financial economics. It can also be a supplementary text for Ph.D. and Masters’ students in these areas.