References in periodicals archive ?
The move is crucial for the formation of a direct exchange rate between the RMB and Singapore dollar.
Americans, laboring under the exchange-rate cum trade-balance fallacy and their large trade deficit, complain that foreign governments manipulate their dollar' exchange rates unfairly to secure a mercantile advantage--while the rules of the dollar standard game leave the United States with no direct exchange rate policy of its own.
At the banking sector level, the well-capitalized sector with little direct exchange rate exposure and primarily local deposit funding, together with long foreign currency positions, allowed Turkey to withstand the recent global deleveraging and economic crisis and exchange rate fluctuations.
Bergin and Lin find that currency unions and direct exchange rate pegs raise trade through distinct channels.
The existence of a direct exchange rate channel in the Phillips Curve or the aggregate supply curve has far-reaching implications for the conduct of monetary policy in the open-economy.
In a backward-looking model for an open economy, Ball (1999) shows that the direct exchange rate channel in the Phillips Curve matters in the setting of optimal policy.
This would normally be achieved either by an abnormally low inflation rate or a direct exchange rate movement.
This would be true because the demand for and supply of a country's currency in foreign exchange markets and, therefore, its direct exchange rate would be dependent solely upon the demand for and supply of its exports and imports.
The purpose of this paper is to show that under strict inflation targeting the existence of a direct exchange rate channel in the Phillips Curve invalidates the interpretation of conventional MCIs as indicating the ease or tightness of monetary conditions.
Direct transactions for MYR B against AED and SAR will benefit the formation of direct exchange rates between the MYR B and these two currencies, the reduction of exchange transaction costs, the promotion of bilateral trade and investment between China and these two countries, as well as driving the internationalisation of the MYR B.
Both China and the United States agreed that they would "refrain from competitive devaluations and not target direct exchange rates.
Many systems in use today have sophisticated multicurrency capabilities that use direct exchange rates between currencies to perform conversions.