INTRODUCTION The Mexican financial crisis of 1994-1995‚ also known as the “Tequila Crisis”‚ took place in December 1994 and is known as the first global crisis of last decade of the twentieth century. The crisis had little to do with the external debt situation and more to do with the short term foreign exchange problem which led to the devaluation of the peso against the U.S dollar. This action lead to the following significant outcome: 1. Worst banking crisis in the Mexican history. 2. Most devastating
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Table of Contents Introduction1 Background information of Macau Pataca1 The prospective of RMB3 The prospective of HKD4 The analysis of whether Macau MOP should shift currency peg form HKD to RMB 6 1.1.1 From Macau Pataca should peg with RMB point of view6 1.1.2 From Macau Pataca should peg with HKD point of view 7 Conclusion8 Reference9 1. Introduction There are many reasons to celebrate Macau’s economic growth which enabled Macau push up the exchange
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Table of Contents Topic Approval Sheet i Acknowledgement ii Abstract iii Chapter I 1 INTRODUCTION 1 Background: 1 Purpose/ Objective of the Study: 1 Methodology: 2 Scope of the Study: 2 Limitation of the Study: 3 Structure of the paper: 3 Chapter II CONCEPTUAL FRAMEWORK 4 Chapter III FACTORS INFLUENCING GOLD FUTURES 6 US dollar and gold price………………………………………………………………………
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Executive Summary This report is written to analyze the dollarization in Vietnam‚ including the causes‚ current situation‚ its effects in the domestic economy and some proposed solution to minimize the dollarization. According to the standard set up by IMF‚ Vietnam is considered as one of countries that have underwent the dollarization. Also‚ in IMF’s judgment‚ among three types of the dollarization‚ our country’s current situation is on the way of unofficial dollarization. About the reasons
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The Open Economy The External Sector Introduction Global Economic Integration through: – (1) Opening up international trade in goods and services – (2) Opening up international movement of labour – (3) Opening up international movement of capital Macroeconomic policy focuses on (1) and (3) In a globally integrated world‚ macroeconomic policies of a country have repercussions on other economies too Introduction The extent of these repercussions depends on
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situation of the stock market and forex market in Vietnam The money market in the first 9 months of 2013 have continued to improve positive liquidity of the banking system is strengthened and is abundant in comparison to the previous period due to increased deposit rate is always achieved high growth than the growth rate of the system thong12 credit ‚ interest rates on inter-bank market ‚ so despite some point surge but has generally maintained a stable interest rate is always low ( 3-4 % ) in the
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GOLD FLUCTUATION AND ITS IMPACT ON INDIAN ECONOMY INTRODUCTION History of gold International monetary system - gold or silver as a means of exchange. Gold is one of the most valuable economic indicators. Gold’s price elasticity is negative. Rising gold prices can change destiny of many unprofitable mines and turn them into a very successful business. Gold is a safe investment. Gold prices have been determined more by landed costs and by the rupee-dollar exchange rate. Factors affecting gold
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Date/year Currency Selling TT & OD Buying TT Clear Buying OD/T.CHQ 30-Jun-1999 UD$ 51.9 51.4 51.3703 29-May-2000 UD$ 51.9 51.4 51.3747 30-May-2001 UD$ 63.5 63 62.88 30-May-2002 UD$ 60.5 60 59.92 30-May-2003 UD$ 57.75 57.55 57.47 29-May-2004 UD$ 57.8 57.6 57.52 30-May-2005 UD$ 59.7 59.5 59.39 30-May-2006 UD$ 60.4 60.2 60.07 30-May-2007 UD$ 60.83 60.63 60.46 30-May-2008 UD$ 67 66.8 66.62 30-Apr-2009 UD$ 80.45 80.25 80.07 Monthly Chart from
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factors and their prices in the rest of the world. With the prices at home and abroad at a given level‚ a low rate of exchange will hamper imports and stimulate exports‚ and thereby tend to bring about a balance of payment surplus. We have now a system of exchange rate management adopted by the RBI since 1994 and the FERA was replaced by FEMA in the year 2000. Exchange rate forecasting and speculation are both closely related to the issues of the efficiency of foreign exchange markets. For example
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forward rate is the best available predictor (unbiased) of future spot rates‚ the forward market is . a) inefficient b) efficient c) semi-efficient d) none of the above 7. Whether a country will devalue its currency under a fixed rate system is ultimately a __ decision. a) economic b) monetary c) political d) fiscal 8. The spot rate is US$0.50 per Australian dollar. The annual interest rates are 12 percent for the United States and 8 percent for Australia. If these interest
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