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1 - 3 van 3 voor peg ratio
Microsoft Word - memo166.doc
... basis, the renminbi appreciated only 4% against the dollar since the beginning of the dollar peg. figure 3.1 dollar per renminbi nominal real 1995 june comparison against june 1995 depends ... the ppi by different amounts and at different times, with the resulting changes in the ratio of the two price series potentially misinterpreted as changes in productivity. composition issues. in deriving ...
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Microsoft Word - Memorandum AFC.doc
... of speculative attacks after july 1996, reflecting intensifying concerns about the sustainability facto us dollar peg. table 2.1 current account (% gdp) indonesia malaysia philippines rep. of korea thailand source ... that of the crisis countries, particularly when measured by the short-term debt to reserve ratio. second, growth was maintained by a large increase in public investment outlays in mid- ...
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129 The Welfare Gains From Stab [PFP#1092202722]
... to a value of unity. by multiplying these converted import shares with the corresponding ratio of imports to domestic expenditure, we arrive at consumption shares, measuring foreign goods in ... other simulations, it is assumed that exchange rate stabilization implies that all eu countries peg to the deutschmark.hence,thepropertiesoftheexchangerates of the deutschmarkcarryover to the exchange rates of ...
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