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- Title
- The monetary approach to the balance of payments: A look at the Jamaican economy.
- Creator
- Richards, Dawn Cassandra., Florida Atlantic University, Saltz, Ira, College of Business, Department of Economics
- Abstract/Description
-
The monetary approach to the balance of payments provides a relatively new method of analyzing balance of payments difficulties. This thesis seeks to analyze the balance of payments disequilibria that has and continues to plague the Jamaican economy, by utilizing the "new" approach in its strictest form. A brief discussion on the history of the monetary approach is included in order to place balance of payments theory in perspective. The assumptions of the model are discussed within the...
Show moreThe monetary approach to the balance of payments provides a relatively new method of analyzing balance of payments difficulties. This thesis seeks to analyze the balance of payments disequilibria that has and continues to plague the Jamaican economy, by utilizing the "new" approach in its strictest form. A brief discussion on the history of the monetary approach is included in order to place balance of payments theory in perspective. The assumptions of the model are discussed within the confines of the small open economy and their relevance to Jamaica. An overview of the Jamaican economy establishes the need for balance of payments analysis. Evaluation of the adopted IMF's model with the use of Jamaican data concludes the monetary approach to be a useful method of analyzing Jamaica's balance of payments.
Show less - Date Issued
- 1990
- PURL
- http://purl.flvc.org/fcla/dt/14583
- Subject Headings
- Balance of payments--Jamaica
- Format
- Document (PDF)
- Title
- MONETARY AND FISCAL POLICIES AND THE BALANCE OF PAYMENTS.
- Creator
- OKTAR, MURAT RUSTU., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis deals with the effect of the fiscal and monetary policies in the models of the balance of payments for a small country model with and without nontraded goods. The first chapter provides an introduction. In Chapter Two, a balance of payments model which makes no distinction between traded and nontraded goods is examined under the fixed and flexible exchange rates. In Chapter Three, the definition of nontraded goods is given and the Dornbush model is analyzed in the case of demand...
Show moreThis thesis deals with the effect of the fiscal and monetary policies in the models of the balance of payments for a small country model with and without nontraded goods. The first chapter provides an introduction. In Chapter Two, a balance of payments model which makes no distinction between traded and nontraded goods is examined under the fixed and flexible exchange rates. In Chapter Three, the definition of nontraded goods is given and the Dornbush model is analyzed in the case of demand shift from the traded goods to nontraded goods and the transfer payments to the foreign country. In Chapter Four, a balance of payments model with nontraded goods is examined under the fixed and flexible exchange rates. The fifth chapter summarizes the previous chapters and gives some conclusions.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14109
- Subject Headings
- Balance of payments--Mathematical models, Fiscal policy--Mathematical models, Monetary policy--Mathematical models
- Format
- Document (PDF)
- Title
- LOCATION ANALYSIS AND ITS APPLICATION.
- Creator
- CAGATAY, TANER., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis discusses the locational theories and their implications and applications on the Turkish Consulate. Chapters I and II analyzes the theories of Von Thunen, Jsard, and Hoover. Chapter III discuses Weber's theories and an application on the Turkish Consulate. Chapter IV summarizes the conclusions.
- Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14261
- Subject Headings
- Economics--Mathematical models, Turkey--Economic conditions
- Format
- Document (PDF)
- Title
- A LINEAR PROGRAMMING ANALYSIS OF A MANUFACTURING FIRM IN A LESS DEVELOPEDCOUNTRY.
- Creator
- GOMPF, JUAN FELIPE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
The firm studied engages in the manufacture of metal products; the country is Colombia. The most striking characteristics discussed in Chapter one are the following: (a) the chronic shortage of capital in all its forms; (b) the shortage of skilled labor; (c) the small size and low sophistication of most markets. Linear Programming is an efficient scientific management tool, based on sound economic theory. Chapter two is devoted to the exploration of the theoretical background of Linear...
Show moreThe firm studied engages in the manufacture of metal products; the country is Colombia. The most striking characteristics discussed in Chapter one are the following: (a) the chronic shortage of capital in all its forms; (b) the shortage of skilled labor; (c) the small size and low sophistication of most markets. Linear Programming is an efficient scientific management tool, based on sound economic theory. Chapter two is devoted to the exploration of the theoretical background of Linear Programming. Linear Programming is shown to be very useful in analyzing a firm as a system, considering a multitude of elements simultaneously. The model studied in Chapter three yields a wealth of information about adjustments to improve future performance despite being fundamentally a static model. It also provides an extremely useful tool to study the firm's adaptive behavior to environmental changes thus focusing on underdevelopment at the individual firm's level.
Show less - Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13770
- Subject Headings
- Linear programming
- Format
- Document (PDF)
- Title
- KALMAN FILTER MODEL.
- Creator
- Agiakloglou, Christos N., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis demonstrates the theory and the application of the Kalman filter model, a model where the coefficients are not assumed to be constant over time but time-varying. This model is approached in two different ways. The first is the recursive approach and the second is the Mixed estimation approach. Both of these two approaches describe in different ways the original Kalman filter model. This thesis also contains an empirical application of the Kalman filter model, using real data from...
Show moreThis thesis demonstrates the theory and the application of the Kalman filter model, a model where the coefficients are not assumed to be constant over time but time-varying. This model is approached in two different ways. The first is the recursive approach and the second is the Mixed estimation approach. Both of these two approaches describe in different ways the original Kalman filter model. This thesis also contains an empirical application of the Kalman filter model, using real data from the Greek economy to estimate the Demand for Money.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14372
- Subject Headings
- Kalman filtering, Estimation theory
- Format
- Document (PDF)
- Title
- IS THE PHILLIPS CURVE A UNICORN?.
- Creator
- Lee, Sanghyun Paul, Yuhn, Ky-Hyang, Florida Atlantic University, Department of Economics, College of Business
- Abstract/Description
-
The new Keynesian wage Phillips curve (NKWPC) is derived from the standard new Keynesian Phillips curve (NKPC) that is examined and verified by many economists. The NKWPC model uses the structural wage equation to present the significant inverse relationship between wage inflation and the unemployment rate in the US economy with the significant assumption of a constant natural rate of unemployment. This study examines the NKWPC model using the generalized method of moments (GMM) and...
Show moreThe new Keynesian wage Phillips curve (NKWPC) is derived from the standard new Keynesian Phillips curve (NKPC) that is examined and verified by many economists. The NKWPC model uses the structural wage equation to present the significant inverse relationship between wage inflation and the unemployment rate in the US economy with the significant assumption of a constant natural rate of unemployment. This study examines the NKWPC model using the generalized method of moments (GMM) and generalized autoregressive conditionally heteroskedastic-M (GARCH-M) to confirm the critical inverse relationship of the Phillips curve. In particular, this study tests the NKWPC separately targeting the official unemployment rate from Komlos (2019)’s real unemployment rate. The estimated results of this study support the NKWPC re-confirming a significant negative relationship between wage inflation and unemployment, using two different econometric techniques of GMM and GARCH-M. Moreover, it is apparent that they do not distinguish the official unemployment rate from the real unemployment rate. The Phillips curve is not just a unicorn, or rarity, in the economic world. It is a substantial indicator and still holds merit. This study yields to another lending support to the importance of the Phillips curve.
Show less - Date Issued
- 2021
- PURL
- http://purl.flvc.org/fau/fd/FA00013772
- Subject Headings
- Phillips curve, Labor market
- Format
- Document (PDF)
- Title
- INVESTMENT SPENDING IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES.
- Creator
- SADIKU, CHRISTIANAH YEMISI., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the determinants of that part of national gross fixed investment which is undertaken by the private sector. Any investment process is subject to a number of separate time lags,and as a result, lagged explanatory variables were used in this study to explain the past trends and the recent surge in capital spending. The cashflow and q models distinguished themselves from other models as relatively accurate descriptive of investment spending. It should be noted, however, that...
Show moreThis thesis examines the determinants of that part of national gross fixed investment which is undertaken by the private sector. Any investment process is subject to a number of separate time lags,and as a result, lagged explanatory variables were used in this study to explain the past trends and the recent surge in capital spending. The cashflow and q models distinguished themselves from other models as relatively accurate descriptive of investment spending. It should be noted, however, that the description of investment spending that appears to have worked well in the past does not have to work so well in the future because economic conditions change.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14375
- Subject Headings
- Investments--United States--Mathematical models
- Format
- Document (PDF)
- Title
- AN INVESTIGATION OF POSSIBLE LOCATIONS FOR THE PROPOSED SOUTH FLORIDA REGIONAL AIRPORT.
- Creator
- HUDSON, JAMES FRANKLIN, JR., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
This study analyzes the possible location for the proposed South Florida Regional Airport. The investigation is implemented through a simple gravity model, which employes population, tourism, and income distribution data along with a time-distance matrix to determine optimal airport location. Additional analysis is undertaken to determine the feasibility of a mass transit system providing access to the airport and possible market areas which would be serviced by the facility. While this study...
Show moreThis study analyzes the possible location for the proposed South Florida Regional Airport. The investigation is implemented through a simple gravity model, which employes population, tourism, and income distribution data along with a time-distance matrix to determine optimal airport location. Additional analysis is undertaken to determine the feasibility of a mass transit system providing access to the airport and possible market areas which would be serviced by the facility. While this study attempts to make no conclusions beyond the scope of the analysis presented, it does generate several important conclusions. First, that a site near Andytown, Florida, is superior to a site located near the Everglades National Park. Second, the facility if constructed at Andytown should be planned to service all of South Florida. Third, if the considerations for future growth and development are sufficient to warrant the selection of a more northernly location, the market potential and transit time for a site near Clewiston, Florida can be altered, by construction of a mass transit system, to put that site on a parity with the Andytown site.
Show less - Date Issued
- 1971
- PURL
- http://purl.flvc.org/fcla/dt/13468
- Subject Headings
- Airports--Florida--Location, Airports--Florida--Planning, Access to airports--Florida
- Format
- Document (PDF)
- Title
- International shocks and interdependence: Cointegration results from the major equity markets.
- Creator
- Croce, Robert William., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
- Abstract/Description
-
This study subjects the world's major stock markets to cointegration tests in an effort to respond to the common investigation that the major equity markets tend to move together with the U.S. market. The relationships between the United States and Canada, France, Germany, Japan, and the United Kingdom will be investigated. Not only will the entire period of 1970-1991.3 be examined, but the pre-1987 crash and the post-1987 crash periods as well. In addition, the Chow test will be employed to...
Show moreThis study subjects the world's major stock markets to cointegration tests in an effort to respond to the common investigation that the major equity markets tend to move together with the U.S. market. The relationships between the United States and Canada, France, Germany, Japan, and the United Kingdom will be investigated. Not only will the entire period of 1970-1991.3 be examined, but the pre-1987 crash and the post-1987 crash periods as well. In addition, the Chow test will be employed to probe for any structural change occurrence relating to the worldwide stock market crash of October 1987. Evidence of cointegration is found to exist vis-a-vis the U.S. with the U.K. and Germany for the entire period; however, since the crash, only the U.K. and Japan have exhibited equilibrium relations. Absolutely no cointegration was detected for Canada nor France with the U.S. market.
Show less - Date Issued
- 1995
- PURL
- http://purl.flvc.org/fcla/dt/15228
- Subject Headings
- Stock exchanges, Stock Market Crash, 1987, International finance, Financial institutions, International
- Format
- Document (PDF)
- Title
- Interest rates and inflation: An analysis of monetary policy.
- Creator
- Steele, Sandra C., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
- Abstract/Description
-
The main contribution of this thesis is the determination of how long it takes for an adjustment in the short-term interest rate to effect inflation. In order to ascertain this, a good amount of economic theory is covered, including a rudimentary explanation of inflation and interest rates, a brief history of monetary policy in the United States, an analysis of the relationship between long- and short-term interest rates, the importance of credibility and inertia, and a detailed review of...
Show moreThe main contribution of this thesis is the determination of how long it takes for an adjustment in the short-term interest rate to effect inflation. In order to ascertain this, a good amount of economic theory is covered, including a rudimentary explanation of inflation and interest rates, a brief history of monetary policy in the United States, an analysis of the relationship between long- and short-term interest rates, the importance of credibility and inertia, and a detailed review of interest rate policy since 1979. This, in conjunction with empirical analysis, does in fact offer an answer to this question.
Show less - Date Issued
- 1995
- PURL
- http://purl.flvc.org/fcla/dt/15181
- Subject Headings
- Inflation (Finance), Interest rates--United States--Effect of inflation on, Monetary policy--United States, Interest rates--Government policy--United States
- Format
- Document (PDF)
- Title
- INPUT-OUTPUT MODELS OF THE ECONOMIC BASE OF MONROE COUNTY, FLORIDA.
- Creator
- SAVAGE, KIM LENORE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
A 1979 input-output model was developed for Monroe County regional data, by reducing the 1972 National Input-Output Table using the simple location quotient technique of Shaffer and Chu. A 1979 economic base model was also developed for Monroe County using simple location quotients. Input-output and economic base theory were presented prior to the actual formulation of the regional models. The economic structure of Monroe County, the components of the economic base, and the income multipliers...
Show moreA 1979 input-output model was developed for Monroe County regional data, by reducing the 1972 National Input-Output Table using the simple location quotient technique of Shaffer and Chu. A 1979 economic base model was also developed for Monroe County using simple location quotients. Input-output and economic base theory were presented prior to the actual formulation of the regional models. The economic structure of Monroe County, the components of the economic base, and the income multipliers were presented. An analysis of the economic impact on income in the region by the components of the economic base under alternative models is discussed.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14116
- Subject Headings
- Monroe County (Fla)--Economic conditions
- Format
- Document (PDF)
- Title
- AN INPUT-OUTPUT MODEL OF THE FLORIDA GOLD COAST.
- Creator
- ORESKA, JULIUS FRANK., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
An input-output model was applied to 1972 Florida Gold Coast regional data, by reducing the 1967 National Input-Output table using the simple location quotient technique of Schaffer and Chu. Input-Output theory and several location quotient techniques were presented prior to the actual exposition of the Gold Coast model. Examples of applications of the model to problems of the region, such as the impact of tourism and housing developments were presented, along with results of the model, and a...
Show moreAn input-output model was applied to 1972 Florida Gold Coast regional data, by reducing the 1967 National Input-Output table using the simple location quotient technique of Schaffer and Chu. Input-Output theory and several location quotient techniques were presented prior to the actual exposition of the Gold Coast model. Examples of applications of the model to problems of the region, such as the impact of tourism and housing developments were presented, along with results of the model, and a multiplier analysis of the Gold Coast region.
Show less - Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13792
- Subject Headings
- Input-output analysis, Palm Beach County (Fla)--Economic conditions, Broward County (Fla)--Economic conditions, Metropolitan Dade County (Fla)--Economic conditions, Miami-Dade County (Fla)--Economic conditions
- Format
- Document (PDF)
- Title
- THE INFLUENCE OF THE INSTITUTIONAL SCHOOL OF ECONOMICS ON MANPOWER LEGISLATION.
- Creator
- CRUMLEY, RICHARD EARL., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
The rise of exploitative Banker Capitalism since the Civil War precipitated the development of a social welfare school of applied economics that is called institutional economics. This thesis reviews the major contributors to the field (Commons, Veblen and Mitchell) and the resulting manpower legislation that went into effect as the result of their efforts.
- Date Issued
- 1975
- PURL
- http://purl.flvc.org/fcla/dt/13728
- Subject Headings
- Institutional economics
- Format
- Document (PDF)
- Title
- INFLATION AND ECONOMIC STIMULUS.
- Creator
- MOONEY, JAY MORTON., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the relationship between fiscal policy and monetary policy and the rate of inflation for the U.S. using annual data 1955 to 1979. A survey of macroeconomic theory of inflation is presented. The rate of inflation is shown to be dependent upon the rate of monetary and fiscal stimulus in the economy. A long run monetary growth model of the neoclassical type is examined which shows the relationship between inflation and economic stimulus to be very complex. An empirical...
Show moreThis thesis examines the relationship between fiscal policy and monetary policy and the rate of inflation for the U.S. using annual data 1955 to 1979. A survey of macroeconomic theory of inflation is presented. The rate of inflation is shown to be dependent upon the rate of monetary and fiscal stimulus in the economy. A long run monetary growth model of the neoclassical type is examined which shows the relationship between inflation and economic stimulus to be very complex. An empirical examination was done to examine the effects of monetary policy, fiscal policy and productivity on the rate of inflation.
Show less - Date Issued
- 1981
- PURL
- http://purl.flvc.org/fcla/dt/14046
- Subject Headings
- Inflation (Finance)--United States
- Format
- Document (PDF)
- Title
- Impacts of federal deficits on the real GNP: The AMRC model.
- Creator
- Uysal, Ali Enis., Florida Atlantic University, Cebula, Richard, College of Business, Department of Economics
- Abstract/Description
-
The economy is a system of interrelated variables which must be studied as a whole. Lack of understanding of the interrelationship between economic agents may result in misleading information. Government transactions are the only controllable input to the system. It is essential, therefore, to examine the potential effects of budget deficits, and to implement necessary safeguards against these, if the goals of a society are to be achieved.
- Date Issued
- 1992
- PURL
- http://purl.flvc.org/fcla/dt/14875
- Subject Headings
- Budget deficits--United States, Deficit financing--United States, United States--Economic policy--1981-, Economic forecasting--United States
- Format
- Document (PDF)
- Title
- The impact of the informal economic GDP growth in Latin America and the Caribbean.
- Creator
- Wedderburn, Chantal., College of Business, Department of Economics
- Abstract/Description
-
The informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax...
Show moreThe informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax evasion and avoidance of governmental regulations, therefore the implications of excessive tax burdens and onerous bureaucracy are studied, with a focus on their impact on GDP growth. Informal sector enterprises can greatly contribute to the official, recorded GDP measures if they have significant incentives to joining the formal sector. These incentives are presented and must be considered seriously by policymakers concerned with capturing additional tax revenues and improving economic growth in their nations.
Show less - Date Issued
- 2009
- PURL
- http://purl.flvc.org/FAU/186773
- Subject Headings
- Gross domestic product, Gross domestic product, International economic relations, Economic conditions, Economic conditions
- Format
- Document (PDF)
- Title
- THE IMPACT OF REVENUE-SHARING ON LOCAL GOVERNMENTS IN FLORIDA.
- Creator
- PLOTECIA, SALLY STRIPLING., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
Revenue Sharing in Florida is analyzed as to its fiscal impact in Florida municipalities. The State and local tax structures are surveyed and the economics of the property tax is discussed. The objectives delineated by the State and Federal revenue sharing systems are examined to determine the extent to which revenue sharing meets such objectives. The impact of revenue sharing on the revenue and expenditure systems is determined. A sample of twenty-four cities in Florida has been chosen for...
Show moreRevenue Sharing in Florida is analyzed as to its fiscal impact in Florida municipalities. The State and local tax structures are surveyed and the economics of the property tax is discussed. The objectives delineated by the State and Federal revenue sharing systems are examined to determine the extent to which revenue sharing meets such objectives. The impact of revenue sharing on the revenue and expenditure systems is determined. A sample of twenty-four cities in Florida has been chosen for the analysis.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13564
- Subject Headings
- Revenue sharing--Florida, Intergovernmental fiscal relations--Florida, Local finance--Florida
- Format
- Document (PDF)
- Title
- THE IMPACT OF MULTINATIONAL CORPORATE INVESTMENT ON SELECTED LATIN AMERICAN ECONOMIES.
- Creator
- DITTRICH, ELIZABETH DIANN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis analyzes the impact of transnational corporate investment patterns in five Latin American economies: Mexico, Peru, Columbia, Venezuela, and Brazil. Two important theories attributed to the dependencia and neoconventional schools of thought are first described and then econometrically tested for the above countries. The basic framework for econometrically testing these theories consists of a model specifying the domestic and foreign determinants of domestic capital formation....
Show moreThis thesis analyzes the impact of transnational corporate investment patterns in five Latin American economies: Mexico, Peru, Columbia, Venezuela, and Brazil. Two important theories attributed to the dependencia and neoconventional schools of thought are first described and then econometrically tested for the above countries. The basic framework for econometrically testing these theories consists of a model specifying the domestic and foreign determinants of domestic capital formation. Domestic determinants are formulated in terms of the 'accelerator' and loanable-funds theories of domestic investment behavior. Investment by multinational corporations is then added to the model to see if it makes any significant contribution towards indigenous investment. In order to take into account the lagged effects of multinational investment, an Almon lag estimation technique was adopted.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14131
- Subject Headings
- Investments, Foreign--Latin America, Investments, Foreign--Developing countries
- Format
- Document (PDF)
- Title
- Hyperinflation in theory and practice: Brazil, 1980-1995.
- Creator
- Lafalaise, Jean Rony., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis reviews the causes of and policies used to end hyperinflation using the Brazilian experience between 1980 and 1995. The work of Thomas Sargent in (Hall, 1982) and Phillip Cagan (1956) found a number of common features regarding the causes and the ending of hyperinflation in a number of European countries in the early 1920s and 1940s. They noted that vigorous monetary and fiscal measures were needed to finally end the rapid rise in prices. Second, there was a final jump in the...
Show moreThis thesis reviews the causes of and policies used to end hyperinflation using the Brazilian experience between 1980 and 1995. The work of Thomas Sargent in (Hall, 1982) and Phillip Cagan (1956) found a number of common features regarding the causes and the ending of hyperinflation in a number of European countries in the early 1920s and 1940s. They noted that vigorous monetary and fiscal measures were needed to finally end the rapid rise in prices. Second, there was a final jump in the money supply in the months after the rise of prices had ended. Third, the price level did not decline after inflation terminated. And fourth, in each case, the tax burden was increased (through an increase in taxes and a cut in government expenditures). The thesis found that the Brazilian hyperinflation displayed the characteristics previously found by Cagan and Sargent. Furthermore, the policies used to end the inflation and resulting impacts were very much in line with the experiences of the countries studied by Cagan and Sargent.
Show less - Date Issued
- 1996
- PURL
- http://purl.flvc.org/fcla/dt/15256
- Subject Headings
- Inflation (Finance)--Brazil, Economic stabilization--Brazil
- Format
- Document (PDF)
- Title
- Hong Kong's monetary control system.
- Creator
- Tang, Stanley C., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of the monetary control system in Hong Kong. One unique feature of that system is that it is without a central bank. Most economists have supposed that a monetary system without a central bank will be subject to price instability and inflation. The Hong Kong situation suggests that this need not be the case. Hong Kong's unique combination of bank and government controlled monetary practice provides an alternative way to accomplish the kind of monetary control that is...
Show moreThis thesis is a study of the monetary control system in Hong Kong. One unique feature of that system is that it is without a central bank. Most economists have supposed that a monetary system without a central bank will be subject to price instability and inflation. The Hong Kong situation suggests that this need not be the case. Hong Kong's unique combination of bank and government controlled monetary practice provides an alternative way to accomplish the kind of monetary control that is found in economies with a central bank, like that in the United States. However, Hong Kong's monetary system is not without certain problems which could be remedied by corrective legislation but will in all probability be fundamentally changed after 1997 when Hong Kong passes into the control of China.
Show less - Date Issued
- 1990
- PURL
- http://purl.flvc.org/fcla/dt/14670
- Subject Headings
- Monetary policy--Hong Kong, Money--Hong Kong
- Format
- Document (PDF)