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Your search keyword '"FOREIGN exchange rates"' showing total 13 results
13 results on '"FOREIGN exchange rates"'

1. Current equilibrium exchange rate: methodology and estimations for Latin American countries.

Author

BRESSER-PEREIRA, LUIZ CARLOS, MARCONI, NELSON, PORTO, TIAGO, ARAUJO, ELIANE, and LEAO, RAFAEL

Subjects
*INTEREST rates, *BALANCE of payments, *DEPRECIATION, *REPAIR & maintenance services, *PER capita, *FOREIGN exchange rates, *TERMS of trade, *EQUILIBRIUM, *COUNTRIES
Abstract

This paper proposes a methodology for the estimation of the current account equilibrium exchange rate - the exchange rate that guarantees the intertemporal current account equilibrium for a country. Moreover, the methodology is tested throughout appropriate econometric technics (VECM Models) for Argentina, Brazil, Chile, and Colombia, using quarterly data from around 2000 (according to data availability for each country) to 2020. The model includes both long-term structural variables such as terms of trade, goods and service trade as percentage of GDP and GDP per capita as well short term policy variables such as interest rate differential and EMBI plus. Apart from proposing an innovative methodology for estimating the current account equilibrium exchange rate, the paper brings important insights in terms of chronicle and cyclical appreciation (depreciation) of the exchange rate in LA countries. In addition, it shows high correlation between the exchange rate negative (positive) misalignments and the current account deficits (surpluses) in the countries analyzed. [ABSTRACT FROM AUTHOR]

Published
2022
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2. A note on the political economy of exchange rates in Argentina: new and classical developmentalism re-evaluated.

Author

FIORITO, ALEJANDRO and VERNENGO, MATÍAS

Subjects
*INTEREST rates, *REAL wages, *FOREIGN exchange rates, *INCOME distribution, *INCOME inequality, *ECONOMIC impact, *WORKING class
Abstract

The paper develops a model in which the relation between the real exchange rate and the real wage, in the context of conflictive income distribution, is made explicit. It is noted that the central bank tries to regulate the distributive relation exchange rate and real wages through the changes in the interest rate. The theoretical point is that, under certain circumstances, a relatively depreciated or high level of the real exchange rate might reduce real wages and have a negative impact on economic growth. The paper also provides some evidence for the Argentine case, and suggests that the Classical Developmentalist elasticity pessimism seems, in the case of Argentina, to be validated. Also, the use of the exchange rate as an instrument to bolster redistribution away from the working class, and to promote investment and growth is also not born in the data. [ABSTRACT FROM AUTHOR]

Published
2022
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3. NOTICIAS Y TENSIONES CAMBIARIAS EN ARGENTINA.

Author

CARAVAGGIO, LEONARDO A. and TOLEDO, FERNANDO

Subjects
FOREIGN exchange rates, INTEREST rates, NEWSPAPERS, TECHNICAL specifications
Abstract

Copyright of Economica (00130419) is the property of Universidad Nacional de La Plata and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2020
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4. Exceptionable exceptionalism.

Subjects
*INTEREST rates, *PRICE inflation, *FOREIGN exchange rates, *ECONOMIC policy, ARGENTINIAN economy, 1983-
Abstract

The article discusses the state of the economy of Argentina under the administration of President Mauricio Macri. The collapse of the economy has been attributed to Macri's mainstream policies. The central bank has used interest rates to target inflation and has neglected the exchange rate. The government has been advised to impose limits on inflationary wage claims.

Published
2019

5. Economic policy outlook.

Subjects
ARGENTINIAN economy, INVESTMENTS, FOREIGN exchange rates, BUDGET surpluses, MONETARY policy, INTEREST rates
Abstract

The article presents projections on the economic policy in Argentina for 2007 to 2008. The government will encourage public and private investment, while the central bank intervenes in the currency market and targets competitive exchange rate. Fiscal surplus will cover around 40 percent of the estimated total financing needs of U.S.$14.5 billion in 2007. Monetary rate will remain negative until 2007 while interest rates will remain low.

Published
2007

6. MARKET MONITOR.

Subjects
FOREIGN exchange rates, FOREIGN exchange, U.S. dollar, EURO, INTEREST rates, EMERGING markets
Abstract

Presents a chart depicting the exchange rate for the currencies of emerging markets per U.S. dollar and euro and the short term interest rates per annuity. Information on the exchange rate for the Argentinean peso per U.S. dollar on September 10, 2004; Exchange rate for the Hong Kong dollar per euro on August 12, 2004; Short-term interest rate per annuity in Indonesia during the end of the year 2003.

Published
2004

7. MARKET MONITOR.

Subjects
FOREIGN exchange market, FOREIGN exchange rates, INTEREST rates, STOCK exchanges, INTERNATIONAL finance
Abstract

Presents foreign exchange market statistics. Foreign exchange rate of the Argentinean peso against the U.S. dollar in the end of 2003; Short term interest rates of Brazil in December 2003; Status of the stock market local index of Chile in 2003.

Published
2004

8. Buttonwood: Playing Argentina.

Subjects
*INTERNATIONAL economic assistance, *INTEREST rates, *FOREIGN exchange rates, *REAL income, *STOCKS (Finance), *TWENTY-first century, ARGENTINIAN economy
Abstract

The article expects the board of the International Monetary Fund (IMF) to approve a support package for the economy of Argentina. The package aims to help Argentina address its economic challenges such as rising interest rates and a declining value of the peso. The efficacy of the package in driving increases in real incomes and the value of stocks is also discussed.

Published
2018

9. Bello: The crisis of Argentine gradualism.

Subjects
*PRICE inflation, *FOREIGN exchange rates, *BUDGET deficits, *ECONOMIC development, *INTEREST rates, *TWENTY-first century, ARGENTINIAN economy
Abstract

The article assesses the performance of Argentine President Mauricio Macri in improving the economy. Macri has promised to address the high inflation rate, the overvalue of the peso and the high fiscal deficit. The president is recognized for growing the economy at an annual rate of around three percent. The effect of the interest-rate increase on the country's economic growth and inflation is discussed.

Published
2018

10. A NATION’S DESPERATE MOVE TO REJUVENATE ITS CURRENCY.

Author

POLITI, DANIEL and PHILLIPS, MATT

Subjects
*INTEREST rates, *FOREIGN exchange rates, *GOVERNMENT spending policy, *ECONOMIC policy, ARGENTINIAN economy, 1983-
Abstract

The article reports on the decision by the Argentinean government to raise the benchmark interest rate to 40 percent in May 2018 in an effort to rejuvenate its currency. Topics discussed include a plan to cut government spending, a sharp decline in Argentine peso against the dollar one before the rate increase, and the impact of the rate increase on President Mauricio Macri's economic reform efforts.

Published
2018

11. Quarterly trends charts.

Subjects
ARGENTINIAN economy, 1983-, ECONOMIC trends, GROSS domestic product charts & diagrams, INTEREST rates, FOREIGN exchange rates, CHARTS, diagrams, etc.
Abstract

Several charts are presented depicting the quarterly economic trends in Argentina from 2003-2012 including its real gross domestic product (GDP) growth, interest rates, and exchange rate.

Published
2011

12. Monthly trends charts.

Subjects
CHARTS, diagrams, etc., FOREIGN exchange rates, PRICES, INTEREST rates, ARGENTINIAN economy, 1983-
Abstract

Several graphs are presented that depict the monthly economic trends in Argentina for the period 2007 to 2010, including fluctuations in the exchange rate, percentage change in price inflation, and average percentage change in interest rates.

Published
2010

13. It takes two to tango.

Subjects
*BONDHOLDERS, *DEBT, *FOREIGN exchange rates, *DEBTOR & creditor, *INTEREST rates, *ENERGY shortages, *ECONOMIC policy
Abstract

This article discusses how a new debt offer is a step forward--but probably not a final one for Argentina. In late 2001, as its fixed exchange rate collapsed and presidents came and went, it declared the largest sovereign debt default in history, on bonds worth $81 billion. So this week's new offer to the bondholders was a chance to show that Argentina is indeed trying to become "a serious country" as Néstor Kirchner, its president for the past year, has sensibly set as his aim. According to Roberto Lavagna, the economy minister, the new offer writes off 75% of the net present value of the defaulted bonds. Argentina's banks can do little lending while their portfolios are stuffed with bonds issued by a government in default. Before putting their money to work in Mr Kirchner's Argentina, investors of all stripes need a signal that it is indeed a safe and serious country.

Published
2004

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