The indeterminacy of a flexible exchange rate system when financial markets are dormant

2012 ◽  
Vol 22 (1) ◽  
pp. 8-17
Author(s):  
Sandra McPherson ◽  
Osman Suliman ◽  
Osama Sweidan
Keyword(s):  
Exchange Rate ◽  
Financial Markets ◽  
Flexible Exchange Rate ◽  
Rate System ◽  
Exchange Rate System

scholarly journals KEMBALI KE SISTIM KURS TETAP (FIXED EXCHANGE RATE)?

2007 ◽  
Vol 3 (1) ◽  
pp. 37
Author(s):  
Edy Rahmantyo Tarsilohadi
Keyword(s):  
Exchange Rate ◽  
Economic Condition ◽  
Flexible Exchange Rate ◽  
Rate System ◽  
Monetary System ◽  
Fixed Exchange Rate ◽  
Exchange Rate System ◽  
The Right

Indonesia do want make the right Exchange Rate System, with be back to the Fixed Exchange Rate. In this paper, because of the economic condition and the environment monetary system, so the best system is still the Flexible Exchange Rate.

FINANCING RESOURCE DEVELOPMENT AFTER CAMPBELL

1982 ◽  
Vol 22 (1) ◽  
pp. 153
Author(s):  
G. A. Gloster
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Financial Markets ◽  
Interest Rates ◽  
Resource Development ◽  
Bank Lending ◽  
Access To Finance ◽  
Rate System ◽  
Financial Activity ◽  
Exchange Rate System

The paper deals briefly with the basic nature of financial activity and markets and of the intermediaries, including banks, within these markets. It is argued that efforts by the authorities to affect monetary policy through controls on bank lending (quantitative and interest rates) are inefficient and only lead to circumvention. To the degree that prices (interest rates) are kept down in one area, they will be higher in another, and supply of credit reduced from one source will encourage a greater supply from another. The Campbell Committee's recommendations, if implemented, are likely to result in freer financial markets and to improve the resource development sector's access to finance. Clear examples would be the removal of foreign exchange restrictions and the setting up of a market-oriented exchange rate system. However, in one sense this access may be narrowed as the extension of bank-type prudential controls to bank subsidiaries and to all 'deposit-taking institutions' may impede the free functioning of financial markets as well as further entrenching the 'safeguarded deposit' concept over the community's savings.

عائد الإصدار النقدي في ظل نظام سعر الصرف المرن في العراق للمدة (1990-2003)

2021 ◽  
Vol 2020 (67) ◽  
pp. 132-153
Author(s):  
رسل كاظم جعفر ◽  
أ. م. د. عبد الرسول علي حسين
Keyword(s):  
Exchange Rate ◽  
Flexible Exchange Rate ◽  
Rate System ◽  
The Third ◽  
Exchange Rate System ◽  
Monetary Issue ◽  
Monetary Return ◽  
The Government ◽  
The Impact ◽  
The Relationship

This study deals with the relationship between the flexible exchange rate system and the return on the monetary issue, in other words, it tries to clarify the extent of the impact of adopting the flexible exchange rate system on the monetary return that the government can get. Therefore, this study came divided into three sections, the first topic dealt with the concept of the flexible exchange rate, while the second topic dealt with the concept of the return on the cash issue and methods of measuring it, and the third section reviews the size of the return on the cash issue achieved by the government if it follows the flexible exchange rate system. Keywords: yield on the cash issue, flexible exchange rate system, inflation tax, opportunity cost.

scholarly journals Währungspolitik Im Dienste Von Entwicklung: Immer Noch Ein Forschungsprogramm

2004 ◽  
Vol 53 (2) ◽  
Author(s):  
Friedrich L. Sell
Keyword(s):  
Economic Development ◽  
Exchange Rate ◽  
Financial Markets ◽  
Exchange Rate Policy ◽  
Rate System ◽  
Rate Policy ◽  
Exchange Rate System ◽  
Economic Reasoning ◽  
And Control ◽  
Working Hypotheses

AbstractIn this paper, we first formulate a number of working hypotheses about the likely contributions of exchange rate policy to economic development on the background of the famous “trilemma” which exchange rate policy has to face. Then, we broadly review experiences made by developing countries with different exchange rate regimes in the past 30 years. We find that in addition to the classical trilemma put forward by Bob Mundell (1968) vis-à-vis the exchange rate system, emerging economies have to solve at least one more trilemma located in their domestic financial markets. We show that the alternatives “flexible” or “fixed” exchange rates can only be chosen based on sound economic reasoning with regard to the stance and control of domestic financial markets. From this perspective, one can expect contributions to economic development and even give some advice to China and its current exchange rate policy.

Openness-inflation Nexus in alternative monetary regimes

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Pei-Chien Lin ◽  
Ho-Chuan Huang ◽  
Xiaojian Liu
Keyword(s):  
Developing Countries ◽  
Exchange Rate ◽  
Negative Impact ◽  
Trade Openness ◽  
Developed Countries ◽  
Flexible Exchange Rate ◽  
Rate System ◽  
Exchange Rate System ◽  
The Impact ◽  
Developing And Developed Countries

AbstractBy applying an endogenous switching regression model to a sample of 64 countries, this article explores whether the effect of trade openness on inflation is influenced by the adoption of inflation targeting (IT). The outcome indicates that, while there exists a significant and negative impact of trade openness on inflation in the non-IT countries with flexible exchange rate system, the effect is negligible in the IT economies. In addition, the above differential inflation effect of trade openness across IT and non-IT regimes is only present in the developing subsample with flexible exchange rate system, but not the developed counterpart. Moreover, apart from trade openness, financial openness reinforces inflation in those developing countries not adopting IT, whereas no such significant effect is found in developing countries adopting IT. Instead of inflation, further results show that trade openness lowers inflation volatility both in developing and developed countries not adopting IT, yet the impact is smaller in developed country group. However, no such statistically significant link is found in developing and developed countries that adopt IT.

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