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CAN EXCHANGE RATES FORECAST COMMODITY PRICES?

by: shinta, 67 pages

We show that Vcommodity currencyV exchange rates have remarkably robust power in predicting global commodity prices, both in&sample and out&of&sample, and against a variety of alternative ...

The Expenditure Switching Effect, Welfare and Monetary Policy in a Small Open Economy

by: samanta, 30 pages

This paper analyses the implications of the'expenditure switching effect' for the role of the exchange rate in monetary policy in a small open economy. It is shown that, when the elasticity of ...

Foreign Exchange Market Microstructure

by: samanta, 14 pages

This paper provides an overview of the recent literature on Foreign Exchange Market Microstructure. Its aim is not to survey the literature, but rather to provide an introductory tour to the main ...

On What Terms Is the IMF Worth Funding?

by: samanta, 35 pages

In the first decade of the 21st century the International Monetary Fund (IMF) faced crises of legitimacy, relevance, and budgetary finance. It now confronts what likely will be the worst global ...

Inflation Targeting and Exchange Rate Rules in an Open Economy

by: samanta, 37 pages

This paper provides a simple dynamic neo-Keynesian model that can be used to analyze the impact of monetary policy that considers inflation targeting in a small open economy. This economy is ...

Canada's Pioneering Experience witha Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy

by: samanta, 55 pages

This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950-1962. It examines whether the floating rate was the best option for Canada in the 1950s by ...

Exchange Rate Dynamics in a Peripheral Monetary Economy: A Keynesian Perspective

by: samanta, 24 pages

The purpose of this paper is to discuss, from a Keynesian perspective, the determinants of exchange rate behaviour in a peripheral monetary economy. The paper starts by approaching the essential ...

Anatomy of Crude Pricing and Hedging Strategies for Corda Corporation

by: gregor4321, 68 pages

The aim of this paper is to provide different crude price hedging strategies for Corda Corporation OVERVIEW OF THE OIL MARKET BRIEF HISTORY OF THE OIL MARKET CRUDE BENCHMARKS World -­‐ ...

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