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Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451846320 Category : Business & Economics Languages : en Pages : 54
Book Description
Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451846320 Category : Business & Economics Languages : en Pages : 54
Book Description
Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved.
Author: Shogo Ishii Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved.
Author: Ramkishen S. Rajan Publisher: World Scientific ISBN: 9812791493 Category : Political Science Languages : en Pages : 273
Book Description
What is unique about this book? This book is intended for undergraduates, graduates and scientists in general. It introduces certain topics of natural products which are only taught in institutes of higher learning. Despite the fact that there exists a vast literature devoted principally or entirely to naturally occurring compounds, there are very few books or monographs of moderate length that provide an overall view of the field. There are many aspects of natural products that deserve a special emphasis that is unlikely to be encountered in a conventional course of organic chemistry. Among them are biosynthesis; metabolic transformations; and physiological and biological properties of some of the natural products. The field of the chemistry of natural products is so immense that it embraces an almost limitless scope of the compound types. This book contains specialized work that describes the chemistry of separate classes of compounds such as steroids, terpenes, alkaloids, sugars, carotenoids, fatty acids and so on. It also includes data on compounds isolated from various classes of organisms such as, lichens, bacteria, fungi are treated in special monographs. The topics in this book are unlikely to be found in general chemistry courses. The book covers the following topics of natural products: cannabinoids, toxic constituents from marine sources, natural sweeteners, generation of wines, biological markers, pheromones of insects and mammals, pest management and secondary natural chemicals formed by microorganisms. Among the authors of the reviews is Professor Raphael Mechoulam who received the Israel Prize for his work on active constituents (cannabinoids) of the Cannabis plant and Professor Douglas Kinghorn from University of Chicago who is the chief editor of "Journal of Natural Products."
Author: Mr.Faisal Ahmed Publisher: International Monetary Fund ISBN: 1463926529 Category : Business & Economics Languages : en Pages : 26
Book Description
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Author: Morris Goldstein Publisher: World Scientific Publishing Company ISBN: 9814749583 Category : Business & Economics Languages : en Pages : 771
Book Description
The book includes selected papers of Morris Goldstein on the following topics in international macroeconomics: international trade, currency regimes, exchange rate policy, international policy coordination, banking, financial crises, financial regulation, IMF policies, and China's exchange rate policy. Some of the papers are empirical in nature, while others address key policy issues in international macroeconomics. Many of the papers are co-authored with other well-known international economists, including Jacob Frenkel, Mohsin Khan, Nicholas Lardy, Peter Montiel, Michael Mussa, Carmen Reinhart, and Philip Turner, among others. Taken as a group, the papers should give the reader a good picture of many of the most important issues in international macroeconomics over the past 35 years.
Author: Peter G Zhang Publisher: World Scientific ISBN: 9814482242 Category : Business & Economics Languages : en Pages : 404
Book Description
' With the CNY revaluation perspectives, hundreds of billions of US dollars have been invested in various types of CNY-related derivative products. As a derivatives specialist with more than ten years' experience in the international financial market and with a working experience in China in the past few years, the author offers a volume on trading and other practical issues of CNY-related derivative products in the offshore marketplace. Contents: The Chinese Economy and Financial SystemForeign Exchange Market and Foreign Exchange Derivatives MarketThe Asian Financial Crisis and Financial DerivativesChinese Yuan (CNY) DerivativesFuture Development Readership: Undergraduates and graduate students in accounting studies; researchers and practitioners in derivatives finance; exporters and importers; financial risk managers. Keywords:Chinese Yuan;CNY Revaluation;Non-Deliverable Forwards;CNY Forwards;CNY Non-Deliverable Options;CNY Non-Deliverable Swaps;CNY Structured NotesKey Features:Familiarizes readers with the Chinese economy in transition and the Chinese financial market, so that they can make their own judgement as to whether or not the CNY should be revaluedPresents major foreign exchange derivatives trading in organized exchanges and the over-the-counter marketplace around the worldReviews what foreign exchange products were involved both before and during the Asian financial crisis, because many of them were used to speculate or hedge against devaluations of the Asian currenciesStudies various CNY-related derivative products and embedded derivative productsExamines the possible impacts of these derivative products on the CNY exchange rate, based on the experiences of other currencies such as the Korean won and the New Taiwan dollarReviews:“I count Peter Zhang as one of the young heroes of the field of finance and this book surely illustrates my view. He brings his extensive knowledge and experience in derivatives and the operation of markets to bear in China where the development of both, while nascent, offers great promise. In his book, he has taken a very pragmatic and thoughtful approach to contending with and managing the risks of transactions in Chinese Yuan, contributing to both the scholarship and practice of finance in the global economy. The Chinese yuan will become a major currency in the global marketplace and this book will help readers get ready.”Sharon Brown-Hruska Acting Chairman and Commissioner US Commodity Futures Trading Commission “Peter G Zhang's new book on the Chinese yuan is an important and welcome addition to the body of English language works pertaining to the development of Chinese financial markets. It offers a comprehensive overview of financial derivatives in China and as such is much more than an analysis of the issues dealing with the revaluation of the Chinese currency.”Leo Melamed Chairman Emeritus and Senior Policy Advisor Chicago Mercantile Exchange “The new book on Chinese yuan derivative products by Peter G Zhang is the most comprehensive one written so far on existing derivatives relating to the Chinese currency trading both onshore and offshore. I am sure it will prove to be of great value not only to international trade and financial participants but also for domestic Chinese financial institutions in product innovation as China further integrates into the world economy, both financially and trade-wise.”Shengman Zhang, Managing Director World Bank “Peter G Zhang's book on the Chinese yuan derivatives is a timely work analyzing the major derivative products trading in the offshore market based on systematic introduction of the Chinese economy and financial system. I highly recommend this book as it is useful for the international community with increasing trade and financial businesses with China and particularly valuable for Chinese financial institutions that began to accelerate derivatives businesses guided by the ‘Interim Rules on Derivatives Business of Financial Institutes.’”Li Fuan Deputy Director General China Banking Regulatory Commission “I commend Dr Peter G Zhang's highly readable new book on Chinese Yuan derivatives as essential reading for those who want to participate in the likely explosive growth of a sophisticated Chinese financial services industry over the next ten years. For financial practitioners China is the biggest market opportunity in the world today — but please do your homework and ignore this book at your peril!”Roy Leighton Chairman European Advisory Board, CALYON SA Chairman Futures & Options Association, London “Peter Zhang's new book on Chinese yuan derivative products is set to become essential reading for any participant in world capital markets as China continues its development towards becoming a key financial centre.”Tim Cook Regional Head Exchange Traded Derivatives — Asia Pacific, UBS “Peter Zhang's new book will be an important asset to international finance in general and to Chinese finance in particular.”Sangkee Min Professor Seoul National University, South Korea “Comprehensive and practical in its topical coverage, Peter Zhang's new book combines many years of experience working in the field of derivatives and a deep knowledge of the Chinese economic environment to provide a systematic treatment of issues surrounding the Chinese Yuan derivative products. Not only will this book be tremendously helpful for practitioners, it would also greatly benefit scholars and policy makers alike.”Jin Li Assistant Professor Harvard Business School “Peter G Zhang knows both the international and the domestic Chinese financial market. He proves this once more in his new book, Chinese Yuan (Renminbi) Derivative Products. Drawing on his more than ten years' experience in these markets he presents the international foreign exchange cash and derivative markets in a remarkably pragmatic way, easily leading the reader through the still inscrutable situation of today's Chinese derivative market.All in all, a book worth reading for all those involved in any way with this market; students and pragmatics, businessmen and risk managers, traders and investors.”Dr Jörg Franke Former CEO of Eurex “Peter Zhang's new book provides a sweeping overview of recent developments in China's economy, banking and capital markets. He uses his extensive knowledge of derivatives to review pragmatic issues related to the development of and trading in Chinese Yuan derivatives. Peter's writing style is very readable — and a must read — for any derivatives professional wishing to understand the growing role of the Chinese economy and the development and use of derivatives based on the Chinese Yuan.”William J Brodsky Chairman & Chief Executive Officer Chicago Board Options Exchange '
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1589061772 Category : Business & Economics Languages : en Pages : 96
Book Description
This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate regimes and the pace of liberalization of current and capital transactions among IMF member countries. There has been a shift away from intermediate regimes according to the IMF's official exchange rate regime classification system based on de facto exchange rate policies. The de facto exchange rate classification system has helped to clarify the nature and role of members' exchange rate regimes. It has facilitated discussions with country authorities about the implementation of exchange rate regimes and hence has contributed to more effective surveillance of the international monetary system. The use of exchange controls appears to have been little influenced by the degree of flexibility of exchange rate regimes or the occurrences of currency crises.
Author: Vikash Yadav Publisher: Routledge ISBN: 1135973725 Category : Business & Economics Languages : en Pages : 191
Book Description
This book analyzes the evolution and impact of the concept of risk on processes of transnational banking and financial market regulation, as well as the externalities generated by speculative financial activity in developing and emerging market economies. The author provides an alternative theory for the study of international financial market regulation by applying elements of a post-structural methodology to the topic. Inspired by Michel Foucault’s framework of critical discourse analysis in The History of Sexuality, the argument dissects the rules of formation that govern the evolving discourse on risk. The author argues that the mathematically formal technology of risk emerges from within specific institutions and economic formations; thereby limiting its utility in the regulation of global financial markets. Exploring how the applied technology of risk has been implicated for fueling a major financial crisis, his work also demonstrates how the regulation of global financial markets and abstruse financial instruments in advanced industrialized countries impacts the lives of the poorest people in developing countries and emerging markets.
Author: Yin-Wong Cheung Publisher: MIT Press ISBN: 0262018233 Category : Business & Economics Languages : en Pages : 473
Book Description
China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.
Author: International Monetary Fund
Author: International Monetary Fund
Author: Shogo Ishii
Author: Shogo Ishii
Author: Ramkishen S. Rajan
Author: Mr.Faisal Ahmed
Author: Morris Goldstein
Author: Peter G Zhang
Author: International Monetary Fund
Author: Vikash Yadav
Author: Yin-Wong Cheung