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by Zahir Antia

ePub Canada's exchange rate regime and North American economic integration: The role of risk-sharing mechanisms (Document de travail) download
Author:
Zahir Antia
ISBN13:
978-0662281818
ISBN:
0662281810
Language:
Publisher:
Bank of Canada (1999)
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1244 kb
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Third, we assess whether smoothing mechanisms play a role at the North American level in facilitating the adjustment to shocks affecting Canada and the United States specifically.

Third, we assess whether smoothing mechanisms play a role at the North American level in facilitating the adjustment to shocks affecting Canada and the United States specifically. Our main conclusion is that there appears to be substantially more smoothing of specific provincial shocks across Canadian provinces than there is smoothing of specific shocks affecting the two countries. From this perspective, and in the absence of major structural changes, a Canada-U. monetary union would pose several challenges. We also conclude that the "quantity anomaly," . the empirical finding.

Third, we assess whether smoothing mechanisms play a role at the North American level in facilitating the adjustment to. .Zahir Antia & Ramdane Djoudad & Pierre St-Amant, 1999

Third, we assess whether smoothing mechanisms play a role at the North American level in facilitating the adjustment to shocks affecting Canada and the United States specifically. Zahir Antia & Ramdane Djoudad & Pierre St-Amant, 1999. Canada’s Exchange Rate Regime and North American Economic Integration: The Role of Risk-Sharing Mechanisms," Staff Working Papers 99-17, Bank of Canada. Handle: RePEc:bca:bocawp:99-17.

Canada’s Exchange Rate Regime and North American Economic Integration: The Role of Risk-Sharing Mechanisms. First, we survey the empirical literature on consumption smoothing mechanisms of regional economic shocks. Second, building on the work of Asdrubali et al. Bank of Canada Working Paper No. Article. (1996), we present evidence on the role played by various smoothing mechanisms for specific economic shocks affecting Canadian provinces. Third, we assess whether smoothing mechanisms play a role at the North American level in facilitating the adjustment to shocks affecting Canada and the United States specifically.

The Bank of Canada's 2007 economic conference was organized to stimulate progress in the development of financial-stability . Canada’s Exchange Rate Regime and North American Economic Integration: The Role of Risk-Sharing Mechanisms.

The Bank of Canada's 2007 economic conference was organized to stimulate progress in the development of financial-stability frameworks. 99-17. Asdrubali, . B. Sørensen, and O. Yosha. Channels of Interstate Risk-Sharing: United States 1963–1990. Quarterly Journal of Economics 111: 1081–1110. Atkeson, A. and T. Bayoumi.

North American integration is the process of economic and political integration in North America, particularly integration of the United States, Canada, and Mexico. While Ronald Reagan was organizing his run for the 1980 . presidential election, two of his policy advisers, Richard V. Allen and Peter Hannaford, were traveling with him in Europe. They developed and proposed to him an idea regarding cooperation in North America, especially in the energy sector.

Application Can theories explain exchange rate regime choices in the past . 7 2. Gold Standard Price-specie-flow mechanism Benefit of the gold standard: automatic mechanism to maintain external balance.

Application Can theories explain exchange rate regime choices in the past and present? Beatriz de Blas (UCD and UAM) Chapter 19 08/, 1. General costs and benefits of fixed exchange rate regimes: Certain costs and benefits apply whenever a country commits itself to fixed exchange rate regimes. Main costs: the country loses the ability to use monetary policy.

Remittances, Exchange Rate Regimes and the Dutch Disease . Exchange Rate Crises in Developing Countries: The Political Role of the Banking Sector.

Remittances, Exchange Rate Regimes and the Dutch Disease: A Panel Data Analysis. The results are robust to instrumental variable analysis and the inclusion of multiple economic and political variables. Export citation Request permission.

Moreover, economic risk can also provide additional opportunities for investors. For example, foreign bonds allow investors to involve themselves circuitously in the foreign exchange markets as well as the interest rate environments of various countries.

Exchange rate mechanism (ERM II. The third special feature assesses the role of the US dollar in trade invoicing for the global transmission of US and euro area monetary policy shocks.

Exchange rate mechanism (ERM II). Related ECB opinions.