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Wednesday, August 12, 2020 | History

2 edition of vulnerability of price stabilization schemes to speculative attack found in the catalog.

vulnerability of price stabilization schemes to speculative attack

Stephen W. Salant

vulnerability of price stabilization schemes to speculative attack

by Stephen W. Salant

  • 270 Want to read
  • 24 Currently reading

Published by Rand in Santa Monica, Calif .
Written in English

    Subjects:
  • Price regulation.,
  • Commodity control.,
  • Stock price forecasting.

  • Edition Notes

    Statementby Stephen W. Salant.
    SeriesRand paper series -- P-6766
    The Physical Object
    Pagination[72] p. in various pagings ;
    Number of Pages72
    ID Numbers
    Open LibraryOL16495476M

    This attack always occurs before the central bank would have run out of reserves in the absence of speculation. Krugman's analysis drew on the Salant and Henderson () model of a stabilization scheme in which the government uses a stockpile of an exhaustible resource to stabilize its price-a policy that eventually ends. Salant, S. W. []: “The Vulnerability of Price Stabilization Schemes to Speculative Attack,” The Journal of Political Economy 1– Sargent, T., N. Williams and T. Zhao [a]: “Shocks and Government Beliefs: The Rise and Fall of American Inflation,” American Economic Review –

    The vulnerability of price stabilization schemes to speculative attack A Suggestion for Improving the Research Methodology of Rule-Based Modeling About RAND Reports.   The objective of this chapter is to present a forecasting model of agricultural commodity prices using a Fuzzy Inference System. Recent studies have addressed the problem of commodity prices forecasting using different methods including artificial neural network and conventional model-based : George S. Atsalakis.

    Salant, S. W. []: ”The Vulnerability of Price Stabilization Schemes to Speculative Attack,” The Journal of Political Economy 1– Sargent, T., N. Williams and T. Zhao [a]: ”Shocks and Government Beliefs: The Rise and Fall of American Inflation,” American Economic Review – Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises.


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Vulnerability of price stabilization schemes to speculative attack by Stephen W. Salant Download PDF EPUB FB2

The Vulnerability of Price Stabilization Schemes to Speculative Attack Stephen W. Salant Rand Corporation This paper examines the effects of government attempts to stabilize the prices of commodities by use of buffer stocks. Agricultural goods subject to supply uncertainty as well as depletable resources are con-sidered.

In each case, it is shown that the resulting rational expectations competitive equilibrium contains a speculative attack--a situation where the entire government stock is suddenly purchased by previously inactive speculators.

The analysis is applied to the historical attempt to peg the gold price, which caused the attack of Cited by: The Vulnerability of Pr ice Stabilization Schmes to Speculative Attack by Stephen.

Salant* stabilize the pr ices of comodities by purchases I. Introduction. Previous attmp ts to and sales from buf fer stocks have end ed in failure. In the past buffer stocks of go ld, silver, and tin were each attacked by speculators antici­. First, the vulnerability of government programs to speculative attacks by the private : Stephen Walter Salant.

BibTeX @ARTICLE{Salant83thevulnerability, author = {Stephen W. Salant and Stephen W. Salant and Rand Corfioratzon}, title = {The Vulnerability of Price Stabilization Schemes to Speculative Attack}, journal = {Journal of Political Economy l}, year = {}}. The Vulnerability of Price Stabilization Schemes to Speculative Attack Stephen W.

Salant Rand Corfioratzon This paper examines the effects of government attempts to stabilize the prices of comrnodities by use of buffer ltural goods subject to supply uncertainty as well as depletable resources are con- sidered. In each case, it is shown that the resulting rational-expectations, competitive equilibrium contains a speculative attack--a situation where the entire government stock is suddenly purchased by previously inactive speculators.

The analysis is applied to the historical attempt to peg the gold price, which caused the attack of Salant, Stephen W, "The Vulnerability of Price Stabilization Schemes to Speculative Attack," Journal of Political Economy, University of Chicago Press, vol.

The Vulnerability of Price Stabilization Schemes to Speculative Attack; The Vulnerability of Price Stabilization Schemes to Speculative Attack. Tags: Bureau of Economics; June Authors: Stephen W. Salant. Working Paper: Document: The Vulnerability of Price Stabilization Schemes to Speculative Attack ( MB) Utility menu.

Contact. Abstract. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available aCited by: Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): ?si (external link)Author: Stephen W Salant.

“The Vulnerability of Price Stabilization Schemes to Speculative Attack,” Journal of Political Economy, Vol. 91 (February), pp. 1– Crossref Salant, Stephen W. Additional Physical Format: Online version: Salant, Stephen W.

Vulnerability of price stabilization schemes to speculative attack. Santa Monica, Calif.: Rand, The Vulnerability of Price Stabilization Schemes to Speculative Attack. Book Reviews. The Politics and Philosophy of Economics: Marxians, Keynesians and Austrians.

Hutchinson. Scott Gordon. Print the sales sheet: Journal of Political Economy. MOST READ. b Speculative influences on commodity futures prices – UNCTAD Discussion Paper no. The vulnerability of price stabilization schemes to speculative attack. Pol. Perseus Books Group for Public Affairs. Google Scholar.

Timmer C. by: The Vulnerability of Price Stabilization Schemes to Speculative Attack by Stephen W. Salant* I.

Introduction Previous attempts to stabilize the prices of commodities by pur-chases and sales from buffer stocks have ended in failure. In the past buffer stocks of gold, silver, and tin were each attacked by 1/ speculators anticipating price increases Salant, S.W.

(), "The vulnerability of price stabilization schemes to speculative attack", Journal of Political Economy 91(1): B. Wright Salant, S.W., and D.W. Henderson (), "Market anticipations of government policies and the price of gold", Journal of Political Economy 86(4)Cited by: 5.

The Vulnerability of Price Stabilization Schemes to Speculative Attack. Revision. Stephen W. Salant; Economics; ; VIEW 1 EXCERPT. Hirshleifer on Speculation. The Vulnerability of Price Stabilization Schemes to Speculative Attack The analysis is applied to the historical attempt to peg the gold price, which caused the Author: Stephen Walter Salant.

The Vulnerability of Price Stabilization Schemes to Speculative Attack. by Salant, Stephen W. When Is the Standard Analysis of Common Property Extraction under Free Access Correct?.

"The Vulnerability of Price Stabilization Schemes to Speculative Attack," Journal of Political Economy, University of Chicago Press, vol. 91(1), pagesFebruary. Wyplosz, Charles, " Capital controls and balance of payments crises," Journal of International Money and Finance, Elsevier, vol.

5(2), pagesJune.Journal of International Economics 23 () North-Holland BORROWING TO DEFEND THE EXCHANGE RATE AND THE TIMING AND MAGNITUDE OF SPECULATIVE ATTACKS Willem H.

BUITER* Yale University, New Haven, CTU.S.A. NBER and CEPR Received Marchrevised version received January The paper analyses the implications for the timing and magnitude of a speculative attack Cited by: The Vulnerability of Price Stabilization Schemes to Speculative Attack pp.

Stephen Salant Real Business Cycles pp. Long, John B, and Charles Plosser Effects of Nominal Contracting on Stock Returns pp. Kenneth French, Richard S Ruback and G. Schwert The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect.