Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10000447959
This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond … markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the … promoting local currency bond markets and the gains that have been made to date. While most of the initial motivations for …
Persistent link: https://www.econbiz.de/10008677779
harmonization and coordination of regulation and supervision, with a strong focus on maturity and currency mismatch problems, would …
Persistent link: https://www.econbiz.de/10008677786
The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euro‘ itself. Such a situation is a far cry from the optimism and grand vision that marked its launch. This...
Persistent link: https://www.econbiz.de/10009493971
Remarks at the University of Wisconsin.
Persistent link: https://www.econbiz.de/10011276456
This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought into equality with their international payments. The model is capable of being explicitly solved...
Persistent link: https://www.econbiz.de/10004964285
This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a … initiatives and use of the ECU for denomination of financial instruments. In practice, it turned out that a basket currency …. From an economic view point, weights depend critically on the purpose of the basket currency: is it a reference indicator …
Persistent link: https://www.econbiz.de/10004972719
The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international reserves scaled by the monetary base and nominal exchange rate appreciation.Domestic credit, the...
Persistent link: https://www.econbiz.de/10008543092
The paper seeks to prove the point that the Indian OTC derivatives markets, unlike many other jurisdictions, are well regulated. Only contracts where one party to the contract is an RBI regulated entity are considered legally valid in India. A good reporting system and a post-trade clearing and...
Persistent link: https://www.econbiz.de/10008509776