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Rate System (rate + system)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting70%

Kinds of Rate System

  • exchange rate system
    		•

    Selected Abstracts

    Chinese Yuan after Chinese Exchange Rate System Reform

    CHINA AND WORLD ECONOMY, Issue 6 2006
    Eiji Ogawa
    F31; F33 Abstract In this paper, the actual exchange rate policy conducted by the Chinese government after the Chinese exchange rate system reform on 21 July 2005 is investigated. Also, the long-run effect is investigated, including the Balassa-Samuelson effect on the Chinese yuan. It was found that the Chinese government generated a statistically significant but small change in exchange rate policy during the sample period until 25 January 2006. It was not identified that the Chinese monetary authority is adopting the currency basket system because the change is too small in the economic sense. It is indicated that the Chinese government should take account of the productivity growth of countries composing the currency basket in order to operate a currency basket regime. (Edited by Xiaoming Feng) [source]

    Exchange Rate Systems and Policies in Asia , Edited by Paul S. L. Yip

    ASIAN-PACIFIC ECONOMIC LITERATURE, Issue 2 2009
    Ramkishen S. Rajan
    No abstract is available for this article. [source]

    The Impact of Interest Rates and The Housing Market on The UK Economy

    ECONOMIC OUTLOOK, Issue 2 2004
    Adrian Cooper
    The Chancellor has asked Professor David Miles to examine the UK market for longer-term fixed rate mortgages. This paper by Adrian Cooper, which is part of a study commissioned by the Miles Review, presents the results of a series of simulations using the OEF Model of the UK economy to investigate the contribution of the housing market to macroeconomic volatility and the implications of changing the structure of mortgage finance from the current variable rate system linked to short-term interest rates to a fixed rate system linked to long rates. The main findings are that the housing market has been a contributor to past volatility in the UK economy, and that moving to a fixed rate structure would reduce the impact of a change in interest rates on key macroeconomic indicators. [source]

    THE HONG KONG CURRENCY BOARD'S DEFENSE AGAINST FINANCIAL MARKET PRESSURE: A BEHAVIORAL PERSPECTIVE

    THE DEVELOPING ECONOMIES, Issue 2 2002
    Miron MUSHKAT
    Exchange rate regimes do not operate in an institutional vacuum, even when the scope for exercising policy discretion is distinctly limited. The Hong Kong linked exchange rate system is no exception. An interesting feature of the institutional environment in this case, not highlighted previously, is the apparent divergence in the assumptions of policymakers and market players regarding the merits of this mechanism in particular and currency boards in general. The corollary is that the Hong Kong monetary authorities need to intensify their efforts to disseminate relevant information, focusing especially on targets in the financial sector. [source]

    A Monetary Approach to Exchange Market Disequilibrium in Australia: 1975,97

    AUSTRALIAN ECONOMIC PAPERS, Issue 2 2003
    M. A. Taslim
    Under a managed float, the central bank may respond to an exchange market disequilibrium by changing either the international reserves or the exchange rate or both such that neither the reserve changes nor the exchange rate movements convey an unambiguous indication of the nature or extent of the disequilibrium. Girton and Roper (1977) suggested an index, namely the exchange market pressure, to capture the disequilibrium. This paper utilises a similar framework to study the exchange market pressure in Australia during 1975,1997 and reserve transactions. It is found that there were substantial reserve transactions in the face of exchange market pressure even after the switch to the floating rate system and the deregulation of the financial system. As a result of these transactions, sharp fluctuations in the exchange rate were moderated and the actual exchange rate appeared to broadly follow the market equilibrium rate. [source]

    Chinese Yuan after Chinese Exchange Rate System Reform

    CHINA AND WORLD ECONOMY, Issue 6 2006
    Eiji Ogawa
    F31; F33 Abstract In this paper, the actual exchange rate policy conducted by the Chinese government after the Chinese exchange rate system reform on 21 July 2005 is investigated. Also, the long-run effect is investigated, including the Balassa-Samuelson effect on the Chinese yuan. It was found that the Chinese government generated a statistically significant but small change in exchange rate policy during the sample period until 25 January 2006. It was not identified that the Chinese monetary authority is adopting the currency basket system because the change is too small in the economic sense. It is indicated that the Chinese government should take account of the productivity growth of countries composing the currency basket in order to operate a currency basket regime. (Edited by Xiaoming Feng) [source]

    Robust Monetary Framework for China

    CHINA AND WORLD ECONOMY, Issue 5 2006
    Takatoshi Ito
    E52; E58; F31; F32 Abstract China faces rising current account surpluses and foreign reserves. Maintaining the fixed exchange rate runs the risk of overheating of the economy. It is desirable to pursue greater flexibility of the exchange rate regime in the short run, and gradual liberalization of capital account transactions in the medium run. Proper sequencing of various steps is recommended to prevent financial crises. Japan's transition from the dollar peg to a more flexible exchange rate system in 1971,1973 is considered to be a mistake, whereas the gradual capital account opening from the mid-1970s to mid-1990s is considered a success. The present study also analyzes Korea's mistake in opening its capital markets too far ahead of exchange rate flexibility, and liberalizing short-term capital rather than long-term capital. The challenge before China is similar to Japan's of 1969,1970, in the sense that the transition from the dollar peg is inevitable and desirable for the country, but decisive actions with proper sequencing are important. (Edited by Xiaoming Feng) [source]

    Surface-enhanced resonance Raman scattering using pulsed and continuous-wave laser excitation

    JOURNAL OF RAMAN SPECTROSCOPY, Issue 6-7 2005
    Rachael E. Littleford
    Abstract Pulsed and continuous-wave (CW) lasers were compared as excitation sources for surface-enhanced resonance Raman scattering (SERRS). CW excitation provided SERRS spectra with a greater signal-to-noise ratio and more sensitive detection by a factor of ,50 compared with the high peak power, low repetition rate pulsed configuration used. The SERRS intensity using a pulsed laser produced a non-linear response with respect to changes in power of the laser. At powers of less than ,0.012 mW, the absolute intensity under the peaks of the CW and pulsed SERRS spectra converged, suggesting that lower peak power, high repetition rate systems may be more effective excitation sources for SERRS. Transmission electron microscopy of pulsed laser-irradiated silver particles showed significant sample damage and morphological changes. This problem was overcome with the use of a recirculating large-volume flow cell system, providing a fresh sample for each measurement. A picosecond-resolved time delay experiment found that SERRS intensity decreased by ,60% when exposed to a 400 nm pump pulse and probed with a 529 nm pulse. As the time delay between pump and probe increased the system recovered gradually to ,60% of the original SERRS intensity after 50 ps, where it remained constant. This suggests that the surface bonding between the silver and the dye is significantly perturbed, with some nanoscale diffusion occurring of the dye away from the metal surface. Hence chemical enhancement is temporarily prevented and electromagnetic enhancement is reduced as a function of 1/r3 as the dye moves away from the surface. Additionally, transient heating of the colloidal particles caused by the pulsed laser may also lead to plasmon shifts and changes in absorption intensity. Other factors such as surface annealing or decomposition of the silver particle or dye due the extreme temperature conditions may account for the permanent loss in SERRS intensity. Copyright © 2005 John Wiley & Sons, Ltd. [source]

    Real Exchange Rate Behaviour under Fixed and Floating Exchange Rate Regimes

    THE MANCHESTER SCHOOL, Issue 2 2002
    James R. Lothian
    In this paper we examine the stability of the real exchange rate and the macroeconomic effects of alternative exchange rate regimes, including currency union, on real exchange rate behaviour. We focus on the Irish punt in order to exploit its diversity of experience over different nominal exchange rate regimes. We make both temporal and cross-country comparisons of real exchange rate stability for the Irish punt with sterling, the US dollar and the German mark. We reach two conclusions on the basis of our results. The first is that for Ireland, as for most other countries, purchasing power parity provides a reasonably good description of actual exchange rate behaviour over the long run. Our second principal conclusion concerns regime effects. Currency union appears to matter. The real exchange rates we analyse are unambiguously less variable under currency union than under alternative exchange rate systems. Otherwise, however, we find no clear-cut differences in behaviour across regimes. [source]

    InP DHBT circuits: From device physics to 40Gb/s and 100Gb/s transmission system experiments

    BELL LABS TECHNICAL JOURNAL, Issue 3 2009
    Nils Weimann
    The capacity of fiber-optic telecommunication systems can be increased by higher data rate signaling. We present key analog and digital circuits which find application as building blocks in future very high data rate systems. The circuits are fabricated in our indium phosphide (InP) double-heterojunction bipolar transistor (DHBT) technology. The physical properties of the InP material system, notably high breakdown and high electron mobility, enable functions that are not accessible with current silicon-based high-speed technologies, including SiGe. Device and circuit results are presented, and we report on transmission system experiments conducted with these InP DHBT circuits. © 2009 Alcatel-Lucent. [source]