Do self-fulfilling expectations of currency devaluation improve the balance of payments

Article Abstract:

The balanceof payment status in the existence of self-fulfilling expectations of the devaluation of currency is presented. The research makes use of a theoretical model modified to fixed exchange rates. The study reveals that prior to fulfilled currency devaluation, the status of balance of payments, whether it is experiencing a surplus or a deficit depends mainly on capital mobility.

Models, Analysis, Balance of payments, Currency devaluation, Devaluation (Currency)

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Testing the rational expectations hypothesis using survey data from vegetable growers in the USA

Article Abstract:

The rational expectations hypothesis is employed to test rational expectations in agricultural commodities. Individual responses from survey data covering vegetable producers in Florida, Texas and Michigan are used to directly test the hypothesis. Growers' forecasts are found to be inefficient, biased and inconsistent with the rational expectations hypothesis.

Vegetables, Vegetable and Melon Farming, Vegetables and melons, Economic aspects, Testing, Rational expectations (Economics), Vegetable processing

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The endogeneity of optimum currency area criteria u lessons from history for European monetary union

Article Abstract:

A study examining the current pattern of relative wage rigidity and labour inertia in Europe, which is being perceived as a problematic factor in the performance of the European monetary union, in the absence of interregional fiscal transfer payments, is presented.

Europe, Management dynamics, Management, Usage, Company business management, Transfer payments, European monetary union

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