منابع مشابه
Currency Equivalent Currency
specialist microfinance institutions (MFIs). The Central Bank of Sri Lanka (CBSL) has traditionally pursued an active "developmental" role in the microfinance sector, although this has been changing. It should further reduce its developmental activities by diluting its ownership of regional development banks and taking a less hands-on role in project implementation. Conversely, it would be appr...
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We examine the impact of corporate currency hedging on economic stability by introducing hedging activity in a Mundell-Fleming-Tobin framework for analyzing currency and financial crises. The ratio between hedged and unhedged firms is modelled depending on firm size as well as hedging costs. The results indicate that, with an increasing fraction of hedged firms in an economy, the magnitude of a...
متن کاملUncertain Currency Model and Currency Option Pricing
Liu process is a new tool to deal with the noise process based on uncertainty theory. In this paper, we view the foreign exchange rate as an uncertain process, described by an uncertain differential equation driven by Liu process, and build an uncertain currency model. Then the uncertain currency option processes are discussed. Moreover, European and American currency option pricing formulas ar...
متن کاملCurrency Manipulation
We propose a novel, risk-based transmission mechanism for the effects of currency manipulation: policies that systematically induce a country’s currency to appreciate in bad times lower its risk premium in international markets and, as a result, lower the country’s risk-free interest rate and increase domestic capital accumulation and wages. Currency manipulations by large countries also have e...
متن کاملCurrency Equivalent
The Reserve Bank of India and a closely associated institution, NABARD, have undertaken a wide range of activities designed to support microfinance. However, many of these have been "developmental" initiatives of a financially repressive nature (such as directed credit requirements and refinancing of loans to priority sectors) and have not contributed to the emergence of a sustainable microfina...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1898
ISSN: 0022-3808,1537-534X
DOI: 10.1086/250554