scholarly journals Capital controls and international trade finance in a dual exchange rate regime: The Belgian experience post-mortem

1995 ◽  
Vol 131 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Paul Reding ◽  
Jean-Marie Viaene
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Exchange Rate Regime ◽  
Capital Controls ◽  
Post Mortem ◽  
Trade Finance

Lower naira will not offset Nigerian recession risks

2020 ◽  
Keyword(s):  
Exchange Rate ◽  
Central Bank ◽  
Exchange Rate Regime ◽  
Capital Controls ◽  
Oil Price ◽  
Content Type ◽  
Official Exchange Rate ◽  
Multiple Exchange ◽  
Price War ◽  
The Exchange Rate

Subject Pressured naira. Significance The naira has depreciated by approximately 11% on the parallel market since the Saudi-Russia oil price war began, which dashed hopes of OPEC+ supply curbs to stem the price rout amid the escalating COVID-19 pandemic. This has hampered the Central Bank of Nigeria’s (CBN) ability to support the multiple exchange rate regime, prompting a sharp devaluation of the official exchange rate. Impacts The naira’s devaluation will accelerate rising inflationary pressures from the closure of Nigeria’s land borders last year. The CBN could impose damaging capital controls once more if the exchange rate falls further towards 500:1. With low funds in the oil savings fund, the authorities will likely limit their intervention against COVID-19 to soft loans from the CBN.

Exchange Rate Risk, Exchange Rate Regime and the Volume of International Trade

Kyklos ◽  
1988 ◽  
Vol 41 (2) ◽  
pp. 263-280 ◽  
Author(s):  
JOSEF C. BRADA ◽  
JOSÉ A. MÉNDEZ
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
Exchange Rate Regime ◽  
Exchange Rate Risk ◽  
Rate Risk

scholarly journals Capital Controls and International Trade Finance

10.3386/w3112 ◽  
1989 ◽  
Author(s):  
Alberto Giovannini ◽  
Jan Won Park
Keyword(s):  
International Trade ◽  
Capital Controls ◽  
Trade Finance

scholarly journals Notes on the Brazilian Crisis of 1997-99

2003 ◽  
Vol 23 (3) ◽  
pp. 376-404
Author(s):  
FRANCISCO L. LOPES
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Exchange Rate Regime ◽  
Capital Controls ◽  
Critical Issue ◽  
Exchange Rate Policy ◽  
The Real ◽  
Diagonal Band ◽  
Rate Policy ◽  
The Exchange Rate

ABSTRACT This paper deals with the Brazilian crisis of 1997-98 that lead to the exchange rate floating of January 1999. It starts by showing how exchange rate policy evolved since the Real Plan of 1994 and how the exchange rate regime became a critical issue when the crisis started in 1997. It discusses monetary policy during the crisis, the IMF program, the endogenous diagonal band and the decision to float as an alternative to capital controls and default. This five-year drama ended surprisingly well with a benign float, but it is useful to know its details, with the usual mix of economic de- bate, personality clashes and historical fatality.

scholarly journals Exchange Rate and International Trade: Case From Indonesian Manufacturing Sector

2017 ◽  
Vol 6 (2) ◽  
pp. 247-266
Author(s):  
Anung Yoga Anindhita
Keyword(s):  
Regression Analysis ◽  
International Trade ◽  
Exchange Rate ◽  
Manufacturing Sector ◽  
Exchange Rate Regime ◽  
Exchange Rate Fluctuation ◽  
Rate Fluctuation ◽  
Floating Exchange Rate ◽  
The Exchange Rate ◽  
Exchange Rate Changes

Exchange rate fluctuation in Floating Exchange Rate Regime is considered to Exchange rate fluctuation in Floating Exchange Rate Regime is considered to have impacts on the international trade through its adjustment to the price and its volatility to the trade risk. This paper is aimed at estimating those impacts on the international trade of manufacturing sector in Indonesia for period 2007 to 2014. To conduct estimation, it uses multiple regression analysis on two models: First, the import of raw-and-auxiliary materials; Second, the export of manufacturing sector. The results show that the exchange rate impacts both work significantly on the import of raw-and-auxiliary materials. The finding implies that, through the import of raw-and-auxiliary materials, manufacturing sector is very susceptible to the shock caused by exchange rate changes. Meanwhile, the export of manufacturing sector is not able to take advantage of the depreciation of the exchange rate due to the lack of competitiveness.DOI: 10.15408/sjie.v6i2.5210

scholarly journals Capital controls and international trade finance

1992 ◽  
Vol 33 (3-4) ◽  
pp. 285-304 ◽  
Author(s):  
Alberto Giovannini ◽  
Jae Won Park
Keyword(s):  
International Trade ◽  
Capital Controls ◽  
Trade Finance
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