PPT-API-120 - Prof.J.Frankel

CRISES IN EMERGING MARKETS L21 Speculative Attack Models Generation I Generation II Generation III L22 Sudden Stops Boom amp bust in EMs Contagion. CRISES IN EMERGING MARKETS. L21: Speculative Attack Models. . • Generation I. • Generation II. • Generation III. . L22: Sudden Stops. . • Boom & bust in EMs. • Contagion. LECTURE . 9: . SEIGNIORAGE . & HYPERINFLATION. Key Question:. . Government . attempts . to . stimulate . the . economy . may . explain . moderate . levels . of . money growth . & inflation….. GraphG prof 1 prof 2 prof 3 prof 4 phd 5 stud 6 stud 7 adv adv adv adv adv sup sup GraphI 1 prof 2,3 prof 4 prof 5 phd 6,7 stud adv adv adv sup 1Fortheformaldevelopmentinthispaper,itwillbeconve-nientt GraphG prof 1 prof 2 prof 3 prof 4 phd 5 stud 6 stud 7 adv adv adv adv adv sup sup GraphI 1 prof 2,3 prof 4 prof 5 phd 6,7 stud adv adv adv sup 1Fortheformaldevelopmentinthispaper,itwillbeconve-nientt Administrator's Guide v2.10 May 24, 2015 2 • • • 3 1 2 4 • • 5 6 f • • • 7 8 9 • • 10 11 120 12 120 13 120 14 120 This is timeou Lecture 18: Crises in Emerging . Markets. Continuing from Lecture 12. Boom-bust . cycle . of . inflows & outflows. Sudden stops. Managing . capital . outflows. Speculative attacks. Contagion. IMF . March 26, 2014 Dr. Katherine Frankel. Boston University Assistant Professor . Tonight’s Agenda. Then and Now: Significant Shifts. Opinion .  . A. rgument . W. riting. Student Samples. PARCC. Resources. Q(t)=Cet=60+120\r:WehaveQ(0)=0,so0=C+120\r;C=120\r:ThusQ(t)=120\r[1et=60]:Thelimitingamountis120\r.#12a)LetQ0=rQwithr0.ThegeneralsolutionisQ(t)=Q0ert:Ifthehalflifeis5730years,thenQ0=2=Q0exp(573 How international capital mobility alters . the effects of macroeconomic policy. Lecture . 14: . Mundell-Fleming model with a fixed exchange rate. Fiscal expansion. Monetary expansion. Automatic mechanisms of adjustment. APIs expose functionality of an application or service that exists independently of the API.. A well-designed API makes programming easier by . abstracting. the underlying implementation and only exposing objects or actions the developer needs.. Exchange Rate Regimes. ITF220 Prof.J.Frankel. What exchange rate regimes do . countries . choos. e. ?. Classification of exchange rate regimes. What regimes . should. countries . choose?. 2. Advantages . Markets. Continuing from Lecture 12. Boom-bust . cycle . of . inflows & outflows. Sudden stops. Managing . capital . outflows. Speculative attacks. Contagion. IMF . Programs. Appendices: . Car . crash analogy. International Interdependence. Theory:. . Interdependence . results from capital mobility. , . even . with floating rates.. Empirical estimates of cross-country effects.. International Coordination. Exchange Rate Regimes. ITF220 Prof.J.Frankel. What exchange rate regimes do . countries . choos. e. ?. Classification of exchange rate regimes. What regimes . should. countries . choose?. 2. Advantages .