00789nam0-22002771i-450 99000487177040332120230608092310.0000487177FED01000487177(Aleph)000487177FED0119990530g19619999km-y0itay50------baspaESy-------001yyPartida segundaAlfonso X el SabioMadridPublicaciones Espaòolas19612 v.17 cmAlfonso<re di Castiglia e León ;10.>169164ITUNINARICAUNIMARCBK990004871770403321PX AL 14 (2)Fil. Mod. 14410FLFBCPX AL 14 (1)Fil. Mod. 14410FLFBCFLFBCPartida segunda522233UNINA04159oam 22010454 450 991096125900332120251116183913.0978661380056597814623801141462380115978145278347514527834709781282107212128210721697814519055881451905580(CKB)3360000000442484(EBL)3012552(SSID)ssj0001475738(PQKBManifestationID)11820604(PQKBTitleCode)TC0001475738(PQKBWorkID)11485154(PQKB)10377111(OCoLC)535146958(IMF)WPIEE2005003(MiAaPQ)EBC3012552(IMF)WPIEA2005003WPIEA2005003(EXLCZ)99336000000044248420020129d2005 uf 0engurcn|||||||||txtccrFinancial Globalization and Exchange Rates /Gian Milesi-Ferretti, Philip Lane1st ed.Washington, D.C. :International Monetary Fund,2005.1 online resource (46 p.)IMF Working Papers"January 2005."9781451860221 1451860226 Includes bibliographical references (p. 26-27).""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN INTERNATIONAL FINANCIAL INTEGRATION""; ""III. EXTERNAL ASSET DYNAMICS""; ""IV. EXCHANGE RATES AND THE ADJUSTMENT PROCESS""; ""V. POLICY IMPLICATIONS""; ""VI. CONCLUDING REMARKS""; ""References""; ""APPENDIX I""The founders of the Bretton Woods System 60 years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the rapid pace of financial globalization during recent years poses new challenges for the international monetary system. In particular, large gross cross-holdings of foreign assets and liabilities mean that the valuation channel of exchange rate adjustment has grown in importance, relative to the traditional trade balance channel. Accordingly, this paper empirically explores some of the interconnections between financial globalization and exchange rate adjustment and discusses the policy implications.IMF Working Papers; Working Paper ;No. 2005/003International economic integrationForeign exchange ratesCapital movementsCurrencyimfExchange ratesimfExports and ImportsimfExternal positionimfForeign assetsimfForeign ExchangeimfForeign exchangeimfForeign liabilitiesimfInternational economicsimfInternational financeimfInternational InvestmentimfInvestments, ForeignimfLong-term Capital MovementsimfReal exchange ratesimfUnited StatesimfInternational economic integration.Foreign exchange rates.Capital movements.CurrencyExchange ratesExports and ImportsExternal positionForeign assetsForeign ExchangeForeign exchangeForeign liabilitiesInternational economicsInternational financeInternational InvestmentInvestments, ForeignLong-term Capital MovementsReal exchange ratesMilesi-Ferretti Gian1812538Lane Philip1816065International Monetary Fund.Research Department.DcWaIMFBOOK9910961259003321Financial Globalization and Exchange Rates4371710UNINA