Exchange rate policy and shocks to asset markets: the case of Taiwan in the 1980s
Article Abstract:
The effects of Taiwan's foreign exchange rate policy in the 1980s were analyzed. Governments intervene in foreign exchange markets in order to stabilize the value of their currency. It was suggested that exchange rates achieved are influenced by the plausibility of government intervention. Credible intervention can result in stable exchange rates and money supply but intervention perceived to be not credible could result in sharp increases in exchange rates, money supply, money velocity and prices.
Publication Name: Economic Review (San Francisco)
Subject: Government
ISSN: 0363-0021
Year: 1992
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Macroeconomic shock and business cycles in Australia
Article Abstract:
A model describing the impact of demand and supplyshocks on Australian output and price mechanisms is developed. The model assumes that aggregate demand shocks exhibit output transitory effects while aggregate supply shocks develop permanent effects. Analysis shows that macroeconomic factors in the Australian economy are affected by such shocks. Demand shocks showed short run effects while supply shocks had long term impact.
Publication Name: Economic Review (San Francisco)
Subject: Government
ISSN: 0363-0021
Year: 1992
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Pegging and stabilization policy in developing countries
Article Abstract:
The value of a pegged exchange rate is examined with respect to developing country economies.
Publication Name: Economic Review (San Francisco)
Subject: Government
ISSN: 0363-0021
Year: 2001
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