| |
|
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910764396703321 |
|
|
Autore |
Zopf, Wilhelm Friedrich |
|
|
Titolo |
Die Pilze in morphologischer, physiologischer, biologischer und systematischer Beziehung / bearbeitet von Wilhelm Zopf |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Breslau, : E. Trewendt, 1890 |
|
|
|
|
|
|
|
Descrizione fisica |
|
XII, 500 p. : ill. ; 26 cm. |
|
|
|
|
|
|
Collana |
|
Encyklopaedie der Naturwissenschaften ; 1.61 |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Locazione |
|
|
|
|
|
|
Collocazione |
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
2. |
Record Nr. |
UNINA9910955171803321 |
|
|
Autore |
Gonçalves Fernando M |
|
|
Titolo |
Accumulating Foreign Reserves Under Floating Exchange Rates / / Fernando M. Gonçalves |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2008 |
|
|
|
|
|
|
|
ISBN |
|
9786612840517 |
9781462366903 |
1462366902 |
9781452702674 |
1452702675 |
9781451869576 |
1451869576 |
9781282840515 |
1282840517 |
|
|
|
|
|
|
|
|
Edizione |
[1st ed.] |
|
|
|
|
|
Descrizione fisica |
|
1 online resource (43 p.) |
|
|
|
|
|
|
Collana |
|
IMF Working Papers |
IMF working paper ; ; WP/08/96 |
|
|
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Foreign exchange rates - Econometric models |
Bank reserves - Econometric models |
Monetary policy - Econometric models |
Banking |
|
|
|
|
|
|
|
|
|
|
|
|
Banks and Banking |
Currency |
Deflation |
Foreign exchange intervention |
Foreign exchange reserves |
Foreign Exchange |
Foreign exchange |
Inflation targeting |
Inflation |
Institutional arrangements for revenue administration |
Macroeconomics |
Monetary economics |
Monetary Policy |
Monetary policy |
Money and Monetary Policy |
Price Level |
Prices |
Public finance & taxation |
Public Finance |
Reserves accumulation |
Revenue |
Taxation, Subsidies, and Revenue: General |
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
Description based upon print version of record. |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references. |
|
|
|
|
|
|
Nota di contenuto |
|
Contents; 1. Introduction; 2. Theoretical Model: Basic Set-up; 3. Complete Information; 3.1. Centralization; 3.2. Institutional Arrangements in Practice; 3.3. Separation; 3.4. Centralization versus Separation; 4. Incomplete Information; 4.1. Stage 1: Centralization versus Separation; Figures; 1. Timetable; 4.2. Stage 0: Centralization versus Separation; 5. Comparative Analysis Under Incomplete Information; 5.1. Simulation of Stage 0 Parameters; 2. Simulation of Stage 0 Parameters; 5.2. The Trade-off Between Reserve Accumulation and Credibility Building; 5.3. Centralization versus Separation |
5.3.1. Macroeconomic Stability3. Macroeconomic Stability - Centralization versus Separation; 5.3.2. Reserve Targeting; 4. Reserve Targeting - Centralization versus Separation; 5.3.3. Discussion; 6. Concluding Remarks; References; Appendix; Proof of Proposition 1; Proof of Corollary 1 |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary policy. The model uncovers a trade-off between the speed of reserve accumulation and anti-inflationary credibility. Under reasonable assumptions, delegation of intervention and monetary policy decisions to separate government |
|
|
|
|
|
|
|
|
|
|
agencies allows faster reserve accumulation, while centralization of these decisions results in a more stable economy. The analysis underscores the importance of rather overlooked institutional features of policymaking in open economies. |
|
|
|
|
|
| |