Includes bibliographical references (p. -128) and index.
|Statement||Syed Nawab Haider Naqvi, Khwaja Sarmad.|
|Series||UGC monograph series in economics|
|LC Classifications||HC440.5 .N292 1997b|
|The Physical Object|
|Pagination||xii, 130 p. ;|
|Number of Pages||130|
|LC Control Number||97930404|
The second of two works resulting from the author's study of energy and economy, this book examines the international macroeconomic aspects of energy adjustment. Specifically, the author analyzes the ways in which economies adjust to external shocks, particularly the oil price shock and other energy market changes of the s and early s. Domestic adjustment to external shocks in developing Asia. Manila, Philippines: Asian Development Bank, © (OCoLC) Document Type: Book: All Authors / Contributors: Jungsoo Lee; Asian Development Bank. This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. The origin of this crisis can be traced back over the last two decades, during which external shocks and international capital inflows have had a strong and growing impact on Pakistan’s development. This chapter traces in detail the evolution of the current crisis, and focuses in particular on three issues which have direct policy : Khwaja Sarmad.
Abstract. After two decades of drastic efforts to respond to a succession of external shocks, 2 through an increasingly standardized process of ‘structural adjustment’, most LDCs appear to have reduced their rates of inflation, monetized fiscal deficits and current account gaps to manageable levels. However, this has been achieved at considerable cost in terms of investment and employment Cited by: 1. Economic Shock: An economic shock is an event that occurs outside of an economy, and produces a significant change within an economy. External Shocks, Policy Responses, and Domestic Adjustment. Oman’s economy is extremely vulnerable to terms-of-trade shocks because of its heavy reliance on oil export proceeds, which account for more than 90 percent of exports. Oil Shocks and External Adjustment⁄ Martin Bodenstein, Christopher J. Erceg, and Luca Guerrieri⁄⁄ Federal Reserve Board June Abstract This paper investigates how oil price shocks aﬁect the trade balance and terms of trade in a two country DSGE model. .
Many economists argue that a flexible exchange rate regime is preferable to a fixed exchange rate regime because it helps to insulate the domestic economy from adverse external shocks. For example, when export demand declines, a depreciation makes domestic goods more competitive abroad, stimulates an offsetting expansion in demand, and dampens the contraction in domestic . External shocks – as an open economy with a floating exchange rate and an economically credible government, the UK is well placed to benefit from positive external shocks (such as the strong. External Shocks, Adjustment Policies, and Investment Illustrations from a Forward-looking OGE Model of the Philippines Delfin S. Go The rapid increase in investment and external debt of middle-income countries like the Philippines during the s was perfectly "rational" behavior, given . Obstfeld: External Adjustment marketable net foreign wealth is one important determinant of the fron-tier. A useful clarifying, albeit highly unrealistic, benchmark for thinking about national portfolios is the nature of external adjustment in a world of fully enforceable state-contingent contracts covering all possible future random events.