Categorii:
inchide meniul
Noutati 2021
Bestselleruri
L-V 08:00 - 20:00 0371.781.781

Role of the Exchange Rate in Inflation-targeting Emerging Ec

0

139.66  Lei 164.3  Lei

sau 13966 de puncte. Detalii.

Livrare in 25 zile lucratoare

Cod: BRT9781589067967

An aparitie: 2009

Autor: Mark Stone

Categoria: Economics

Editie: necartonata

Editura: Eurospan

Format: 279 x 215 x 8 mm

Limba: English

Nr. pagini: 72



Adauga in wishlist

Trebuie sa fii logat

Transport Gratuit peste 90 de lei
Puncte de fidelitate
30 de Zile Drept de Retur
 

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little agreement about the appropriate role of the exchange rate. The exchange rate is a more important monetary policy tool for emerging economies that have adopted inflation targeting than it is for inflation-targeting advanced economies. Inflation-targeting emerging economies generally have less flexible exchange rate arrangements and intervene more frequently in the foreign exchange market than their advanced economy counterparts. The enhanced role of the exchange rate reflects these economies' greater vulnerability to exchange rate shocks and their less developed financial markets. However, their sharper focus on the exchange rate may cause some confusion about the commitment of their central banks to achieve the inflation target and may also complicate policy implementation. Global inflation pressures, greater exchange rate volatility, and the financial stresses from the global financial turmoil that began in mid-2007 are heightening these tensions.

Livrarea se face din stoc din depozitul de carte Libris, in zilele lucratoare. Transportul este gratuit prin curier rapid, oriunde in Romania, pentru orice comanda de minimum 90 de lei. Pentru orice solicitare apelati call center-ul Libris de luni pana vineri intre orele 8-20.


sus
Feedback Wishlist
// // //