PPT-Exchange Rate Determination in Low and Lower-Middle Income Countries: The Case of Sub-Saharan

Annina Kaltenbrunner Leeds University Business School akaltenbrunnerleedsacuk Daniel Perez Ruiz Leeds University Business School bndaprleedsacuk Anjelo Okot Leeds University Business School and Central Bank of Uganda bn15aoleedsacuk. g WiMax xDSL FTTx 3G etc i ternet access prices are lower x Fiber access became dominant over other fixed Internet access technologies only in two MENA countries out of 19 Affordability of high speed Internet x High speed Internet is prohibitively e Slide Set . 9. Fixed vs. Floating Exchange Rates. Fixed vs. Floating Rates. Example: Britain and the ERM. In September 1992, Britain left an exchange rate peg with the EU to float the pound.. A step towards the euro was a fixed exchange rate system created in 1979 called the Exchange Rate Mechanism (ERM).. Care About Exchange Rates . in Addition to Inflation?. SNB-IMF Conference on. the International Monetary System. Zurich, May 13, 2014. Jeffrey Frankel. Harpel. Professor of Capital Formation & Growth Harvard University. Andrew K. Rose. Visiting Norman-Houblon Fellow. August, 2010. 1. Three Questions. Past: What do We Know about Exchange Rate Regimes Historically?. Rose “Fixed, Floating and Flaky”. Present: How did Different Exchange Rate Regimes do in the “Great Recession”?. Slide Set . 1. Introduction to . the Course: the Global Economy. Introduction to the Global . Macroeconomy. Our course can be divided across three broad topics:. Foreign exchange: currencies, exchange rates, and crises. Steven Pressman. Comments by Anne . Hartung. , University of Luxembourg. The paper in a nutshell. Aims . Epistemology/academic discourse: Find a “good measure of middle class”. Apply this definition to LIS data (and show its evolution over time?) . Sections. Exchange rate arrangements. Balance of payments. Exchange rate regime, before 1976. Desired exchange rate stability.. Currencies were largely anchored, either directly or indirectly, on gold.. Care About Exchange Rates . in Addition to Inflation?. SNB-IMF Conference on. the International Monetary System. Zurich, May 13, 2014. Jeffrey Frankel. Harpel. Professor of Capital Formation & Growth Harvard University. Why do some countries choose to fix. and others to float? Why do they. change their minds at different times?. These are among the most enduring and controversial questions in international macroeconomics.. Explain how exchange rate movements are measured.. Explain how the equilibrium exchange rate is determined.. Examine factors that determine the equilibrium exchange rate.. Explain . the movement in cross exchange rates.. The purpose of this series of studies is to analyse policy issues and to stimulate discussions in the area of international trade and development The series includes studies by UNCTAD staff as well as introduction. At the most basic level, exchange rates are determined by demand and supply of one currency relative to the demand and supply of another.. However differences in relative demand and supply explain the determination of exchange rates, they do it only in a superficial sense.. Quick guide. Made by: . Serfőző. . Gergő. Definitions: . Currency:. a system of money in general use in a particular country.. Forms:. cash (bills, coins) . Foreign currency account: . A foreign currency account is a bank account in the currency of another country (e.g. a dollar account in the UK)..