in this paper, the value of exchange rate was calculated in order to determine comparative advantage in crops of sari township during 2009-2010. hence, first, comparative advantage indices are estimated by using a policy analysis matrix. the results showed that just wheat has a drc index of one in the minimum amount of national currency exchange rate value. this indicated the fact that only whe...

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 ...

In this paper, we provide a re-examination of the exchange rate exposure and foreign currency derivative use by Australian resources firms in the 2006–2009 period which is characterized by increased volatility caused by the global financial crisis. In particular, we consider the interaction of a resources firm’s exchange rate risk exposures, foreign currency derivative use and the global financ...

This article examines the role played by varieties of capitalism in the Euro crisis, considering the origins of the crisis, its progression and the response to it. Deficiencies in the institutional arrangements governing the single currency are linked to economic doctrines of the 1990s. The roots of the crisis are linked to institutional asymmetries between political economies. Northern Europea...

although capital inflows affect positively economies in long-run, it is possible to generate somehow destructive effects if there is no any control on financial markets. this study tries to explore main determinants of large capital inflows episodes to emerging markets. it is also investigated whether the large capital inflows episodes lead to financial crises in forms of sudden stop phenomenon...

Do THE ECONOMIES OF East Asia need to undertake fundamental economic reform to resume a path of strong economic growth? This vital question, posed in the wake of the economic crisis of 1997, has divided both economists and policymakers. The case against major structural reform begins with the dramatic growth of these economies over the past twenty years. For example, Korea, the focus of this pa...

There have been many currency crises during the postwar era (see Kaminsky and Reinhart, 1999). A currency crisis is an episode in which the exchange rate depreciates substantially during a short period of time. There is an extensive literature on the causes and consequences of a currency crisis in a country with a fixed or heavily managed exchange rate. The models in this literature are often c...