LEADER 04304oam 22010334 450 001 9910154899303321 005 20250426110107.0 010 $a9781475545593 010 $a1475545592 010 $a9781475545609 010 $a1475545606 035 $a(CKB)4340000000018104 035 $a(MiAaPQ)EBC4745302 035 $a(IMF)WPIEA2016205 035 $aWPIEA2016205 035 $a(EXLCZ)994340000000018104 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aSurprise, Surprise : $eWhat Drives the Rand / U.S. Dollar Exchange Rate Volatility? /$fNasha Maveé, Roberto Perrelli, Axel Schimmelpfennig 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (39 pages) $cillustrations, tables, graphs 225 1 $aIMF Working Papers 311 08$a9781475545425 311 08$a1475545428 320 $aIncludes bibliographical references. 330 3 $aThis paper investigates possible drivers of volatility in the South African rand since the onset of the global financial crisis. We assess the role played by local and international economic surprises, commodity price volatility, global market risk perceptions, and local political uncertainty. As a measure of rand volatility, the study uses a market-based implied volatility indicator for the rand / U.S. dollar exchange rate. Economic surprises?the difference between market expectations and data prints?are captured by Citi?s Economic Surprise Index which is available for South Africa and its main economic partners. The results suggest that rand volatility is mainly driven by commodity price volatility, and global market volatility, as well as domestic political uncertainty. In addition, economic surprises originating in the United States matter, but not those originating from South Africa, Europe, or China. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/205 606 $aDollar, American 606 $aForeign exchange rates$zSouth Africa 606 $aMoney$zSouth Africa 606 $aFinance: General$2imf 606 $aForeign Exchange$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aInternational Finance Forecasting and Simulation$2imf 606 $aInternational Financial Markets$2imf 606 $aFinancial Forecasting and Simulation$2imf 606 $aCommodity Markets$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinance$2imf 606 $aExchange rates$2imf 606 $aCommodity price fluctuations$2imf 606 $aEmerging and frontier financial markets$2imf 606 $aExchange rate flexibility$2imf 606 $aPrices$2imf 606 $aFinancial markets$2imf 606 $aFinancial services industry$2imf 607 $aSouth Africa$2imf 615 0$aDollar, American. 615 0$aForeign exchange rates 615 0$aMoney 615 7$aFinance: General 615 7$aForeign Exchange 615 7$aInflation 615 7$aMacroeconomics 615 7$aInternational Finance Forecasting and Simulation 615 7$aInternational Financial Markets 615 7$aFinancial Forecasting and Simulation 615 7$aCommodity Markets 615 7$aPrice Level 615 7$aDeflation 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinance 615 7$aExchange rates 615 7$aCommodity price fluctuations 615 7$aEmerging and frontier financial markets 615 7$aExchange rate flexibility 615 7$aPrices 615 7$aFinancial markets 615 7$aFinancial services industry 676 $a332.4973 700 $aMaveé$b Nasha$01378329 701 $aPerrelli$b Roberto$01141566 701 $aSchimmelpfennig$b Axel$01190900 801 0$bDcWaIMF 906 $aBOOK 912 $a9910154899303321 996 $aSurprise, Surprise$93649999 997 $aUNINA LEADER 05325nam 22004693 450 001 9910846999403321 005 20230422060313.0 010 $a9786069535165$b(electronic bk.) 035 $a(MiAaPQ)EBC30494961 035 $a(Au-PeEL)EBL30494961 035 $a(NjHacI)9926479285500041 035 $a(ceeol)ceeol1105007 035 $a(OCoLC)1376935194 035 $a(CKB)26479285500041 035 $a(Exl-AI)30494961 035 $a(CEEOL)1105007 035 $a(EXLCZ)9926479285500041 100 $a20230422d2023 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDoctrina et Usu in Business Law $eContributions to the 12th International Conference,,Challenges of Business Law in the Third Millennium -November 25, 2022, Bucharest 205 $a1st ed. 210 1$aBucharest :$cAdjuris - International Academic Publishers,$d2023. 210 4$d©2023. 215 $a1 online resource (380 pages) 311 08$aPrint version: Perá?ek, Tomás Doctrina et Usu in Business Law Bucharest : Adjuris - International Academic Publishers,c2023 327 $aBUSINESS INTERACTIONS SPECIFIC -- TO PUBLIC LAW -- Interferences of State Administration with Local Self-Government in the Promotion of Local Affairs in the Light of -- the Administrative Code -- Considerations Relating to the Termination of Criminal Action -- during Criminal Prosecution through Classification -- Digital Economy Law a Reality Manifested in Legal Reports of -- Production, Commerce, Services and Public Administration -- 2. The horizon of knowledge -- 3. Evolution analysis -- 4. Conclusions -- Considerations on the Meaning of the Notion of ?Public Official? as a Feature of the Content of the Offence of Outrage -- The Third Way: Social Economy and the Role of the State -- in This Context -- The current financial and economic crisis seems to be unprecedented in the last half century. The International Monetary Fund (IMF), having become more vocal again on the background of its own reform - a sign of recognition of its own incapacity - war... -- Corroborating the foregoing, we can conclude the following: the crises overlap, sometimes they preface one another, they forestall each other, just as the great financial crisis of 2007 forestalled the current economic-military one. These crises have ... -- They then continued with a massive drop in confidence, in full swing, both at the level of the business sector and at the level of consumers, both responding by restricting their expenditure. The United States government and some governments in Europe... -- But returning to the financial crisis of 2007, we note that starting from the following year, we witness an intervention of the increasing state, the compensatory type, which comes to make up for the shortcomings created by the crisis in the economy, ... -- The growing interference of the state is all the more legitimate as it targets social protection measures. -- The regional fiscal policy appears in the background now as a determinant of state intervention in member countries of the European Union. As a result, the effect of fiscal competition is gaining ground in the new context, causing budgetary reactions ... -- If we refer to Romania, characterized until recently by a reasonable intervention, one of the lowest in Europe, we can appreciate that it is possible to increase it to compensate for the effects of the economic-military crisis. -- Practical Issues Regarding Compliance with Decision-Making Transparency by Local Public Authorities -- The Crime of Money Laundering Committed by the Author of the Principal Crime. The Consequences of Decriminalization -- The Economic as a Configuration Factor of the Law -- Due Process in the Light of the Defendants? Right to Remain Silent in Cases of Economic Crimes -- Tax Consolidation in the Direct Corporate Tax System -- Extradition. Comparative Analysis -- The Constitutional Regime of Economic Freedom. Its Reflection in -- the Administrative Code (1) -- PRIVATE LAW AND BUSINESS LAW,$7Generated by AI. 330 $aThis volume contains the scientific papers presented at the Twelfth International Conference ,,Challenges of Business Law in the Third Millennium" that was held on 25 November 2022 in online format on Zoom. The conference is organized each year by the Society of Juridical and Administrative Sciences. The scientific studies included in this volume are grouped into three chapters: Business Interactions Specific to Public Law; Private Law and Business Law, an Essential Duo; Modern Developers of Business Law: International Law and European Union Law. The present volume is addressed to practitioners, researchers, students and PhD candidates in juridical sciences, who are interested in recent developments and prospects for development in the field of business law at international and national level. 606 $aCommercial law$xHistory 615 0$aCommercial law$xHistory. 676 $a346.07 700 $aPerá?ek$b Tomás$01735025 701 $aMoreira$b Fatima Castro$01735026 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 912 $a9910846999403321 996 $aDoctrina et Usu in Business Law$94153990 997 $aUNINA