Exchange rates and the Swiss economy

The Political Economy of Exchange Rates

The Political Economy of Exchange Rates

The exchange rate is the most important price in any economy, for it affects all other prices. In most countries, policy toward the national currency is prominent and controversial. Economic epochs are often characterized by the prevailing exchange rate system—the Gold Standard Era, the Bretton Woods Era. Contemporary developments , from the creation of an Economic and Monetary Union in Europe ...

The Appropriate Exchange Rate System and the Regulation and Forecast of Exchange Rate for Iran's Economy

The Lending Channel in a Small Open Economy Under Predetermined Exchange Rates The lending channel in a small open economy under predetermined exchange rates

Preliminary Draft Comments welcome This paper studies the role of banks in the propagation of nominal shocks in a small open economy. It builds on the framework developed in Edwards and Végh (1997), by relaxing the assumption of perfect asset substitutability between foreign and local bonds. The main results are as follows. Financial liberalization induces a decrease in loan spreads, an expansi...

Nonlinearity In Exchange Rates and Forecasting