Exchange
in sentence
3719 examples of Exchange in a sentence
A famous academic paper about 20 years ago showed that a random walk was better at predicting short-run
exchange
rate movements than any fancy mathematical model based on selected economic variables.
People should be wary of commentators who purport to explain "why" a currency's
exchange
rate is doing what it is doing.
Europeans are used to thinking of the
exchange
rate as a critical variable, because they live in very open economies that export close to 50% of their total output.
The ECB was right to ignore the
exchange
rate when it fell to $0.80, and it is right to ignore it today when it is close to $1.20.
The bottom line is that Europeans should worry and talk less about the Euro
exchange
rate, and spend the time they save trying to address their real problems: low productivity, market rigidities, fiscal polices constrained by the Stability Pact, and bankrupt pension systems.
They should let the currency markets take care of the Euro/dollar
exchange
rate.
The prisoner whose release it has demanded in
exchange
for Goto is Sajida al-Rishawi, who faces the death penalty in Jordan for her role in hotel bombings in Amman in 2005.
The Japanese authorities got lucky: When the pilot landed first in South Korea, the hijackers released their 129 hostages in
exchange
for permission to continue to Pyongyang, where they gained asylum.
Founded in 1944 and financed by its member governments, the IMF was designed as a type of insurance arrangement to support a system of fixed
exchange
rates based on the American dollar and, ultimately, on gold.
International capital markets were small and constrained by
exchange
controls, a minefield of regulations, and the lack of convertibility of even the major currencies.
Today, with no fixed
exchange
rates to defend, the raison d' tre for the IMF has vanished.
This is partly because the final price of an imported good reflects numerous costs such as distribution and marketing, which are unaffected by the
exchange
rate.
As a recent study by J.P. Morgan's Chief Economist John Lipsky shows, the link between
exchange
rates and trade is weakening.
Indeed, the only big macroeconomic debate concerns
exchange
rate policy, where Presidential advisor Andrei Illarionov argues that Russia's real
exchange
rate is too high - indeed, is now as high as in 1998.
But if the
exchange
rate is about to cause trouble, there is still good news on the money front.
Wage suppression, financial repression, and an undervalued
exchange
rate subsidize exports and production, at the expense of households, which are thus compelled to save, weakening domestic demand.
The Group is leveraging its experience and global reach for learning and knowledge
exchange
through programs like the Partnership for Market Readiness.
A new currency was introduced and pegged to the US dollar at a one-to-one
exchange
rate.
And a smattering of smaller countries in Central America and the Caribbean fell into political line in
exchange
for generous infusions of Venezuelan cash and oil.
Some, like Germany, are in the eurozone (the Netherlands); others have pegged their currency to the euro unilaterally (Switzerland), while still others maintain a floating
exchange
rate (Sweden).
In
exchange
for emergency loans, all three countries have embarked on massive austerity.
The same charge has dogged China, which, with its spectacular export-led growth, record official purchases of US assets, and fixed (or semi-fixed)
exchange
rate, today continues to dominate discussion of global imbalances.
Moreover, the Chinese authorities have launched a raft of reforms aimed at opening the economy and making it more market-oriented, and have announced plans to liberalize interest and
exchange
rates and continue to ease restrictions on cross-border capital flows.
Rather, they seek a constitutional guarantee for a certain degree of autonomy in
exchange
for their commitment to the path of non-violence.
The euro's many benefits – cross-border pricing transparency, lower transaction costs, and inflation credibility – required surrendering independent monetary policies and flexible
exchange
rates.
This should be combined with the mutualization of some portion of the liabilities of highly indebted countries – defined as a debt-to-GDP ratio above, say, 60% or 70% – and modest write-downs in
exchange
for long-term zero-coupon bonds.
Finally, the eurozone should adopt a two-track euro with a fluctuating
exchange
rate – an idea championed by the American economist Allan Meltzer.
Today, China’s extraordinarily rapid economic and political rise has disposed both its government and public to seek to redress old wounds from that period, and not to offer anything in
exchange
along the way.
And Wilders has already received assurances from the conservative and Christian democratic parties that, in
exchange
for his support, the burqa will be banned in the Netherlands and immigration curbed.
One report by a Korean research institute shows that the Korean economy will slip into recession if the yen-dollar
exchange
rate nears 118, its average level back in 2007.
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