WorldCat Identities

Shambaugh, Jay C.

Overview
Works: 37 works in 216 publications in 1 language and 3,147 library holdings
Genres: Academic theses 
Roles: Author
Publication Timeline
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Most widely held works by Jay C Shambaugh
Exchange rate regimes in the modern era by Michael W Klein( Book )

19 editions published between 2009 and 2012 in English and held by 409 WorldCat member libraries worldwide

Michael Klein and Jay Shambaugh focus on the evolution of exchange rate regimes since 1973, identifying the period following the Bretton Woods Agreement (which itself followed the pre-World War I gold standard era) as "the modern era" in international exchange rate regimes. The modern era is marked by a wide variety of experiences with exchange rate regimes, both across and within countries, providing a rich body of data for studying the economic effects of these exchange rate regimes. Klein and Shambaugh offer a comprehensive, integrated treatment of the period. The book draws on and synthesizes data from the recent wave of empirical research on this topic, and includes new findings that challenge preconceived notions about exchange rate regimes and their effects."--Jacket
The long or short of it : determinants of foreign currency exposure in external balance sheets by Philip R Lane( Book )

14 editions published between 2008 and 2009 in English and held by 26 WorldCat member libraries worldwide

A major focus of the recent literature on the determination of optimal portfolios in open-economy macroeconomic models has been on the role of currency movements in determining portfolio returns that may hedge various macroeconomic shocks. However, there is little empirical evidence on the foreign currency exposures that are embedded in international balance sheets. Using a new database, we provide stylized facts concerning the cross-country and time-series variation in aggregate foreign currency exposure and its various subcomponents. In panel estimation, we find that richer, more open economies take longer foreign-currency positions. In addition, we find that an increase in the propensity for a currency to depreciate during bad times is associated with a longer position in foreign currencies, providing a hedge against domestic output fluctuations. We view these new stylized facts as informative in their own right and also potentially useful to the burgeoning theoretical literature on the macroeconomics of international portfolios
Study guide to accompany International economics, theory and policy, sixth edition, Paul R. Krugman, Maurice Obstfeld by Linda S Goldberg( Book )

2 editions published in 2003 in English and held by 26 WorldCat member libraries worldwide

Study guide to accompany International economics, theory & policy, seventh edition, Paul R. Krugman, Maurice Obstfeld by Jay C Shambaugh( Book )

2 editions published in 2006 in English and held by 20 WorldCat member libraries worldwide

Study guide to accompany Krugman/Obstfeld International economics, theory and policy, 8[th edition] by Linda S Goldberg( Book )

1 edition published in 2009 in English and held by 13 WorldCat member libraries worldwide

International currency exposures, valuation effects and the global financial crisis by Agustín S Bénétrix( Book )

9 editions published between 2014 and 2015 in English and held by 11 WorldCat member libraries worldwide

We examine the evolution of international currency exposures, with a particular focus on the 2002-12 period. During the run up to the global financial crisis, there was a widespread shift towards positive net foreign currency positions, such that relatively few countries exhibited the archetypal "emerging-market\short foreign currency" position on the eve of the global financial crisis. During the crisis, the upheaval in currency markets generated substantial currency-generated valuation effects -- much of which were not reversed. There is some evidence that the distribution of valuation effects was stabilizing in the sense of showing a negative covariation pattern with pre-crisis net foreign asset positions
Essays on the effects of exchange rate flexibility by Jay C Shambaugh( )

4 editions published in 2002 in English and held by 10 WorldCat member libraries worldwide

This dissertation examines the effects of exchange rate flexibility. The essays fit into the literature on the appropriate exchange rate regime and seek to better understand how exchange rate flexibility affects the domestic economy and thus better inform the debate on optimal currency arrangements
Study guide to accompany International economics : theory and policy by Linda S Goldberg( Book )

6 editions published between 2000 and 2009 in English and held by 9 WorldCat member libraries worldwide

Rounding the Corners of the Policy Trilemma Sources of Monetary Policy Autonomy by Michael W Klein( Book )

7 editions published in 2013 in English and held by 8 WorldCat member libraries worldwide

A central result in international macroeconomics is that a government cannot simultaneously opt for open financial markets, fixed exchange rates, and monetary autonomy; rather, it is constrained to choosing no more than two of these three. In the wake of the Great Recession, however, there has been an effort to address macroeconomic challenges through intermediate measures, such as narrowly targeted capital controls or limited exchange rate flexibility. This paper addresses the question of whether these intermediate policies, which round the corners of the triangle representing the policy trilemma, afford a full measure of monetary policy autonomy. Our results confirm that extensive capital controls or floating exchange rates enable a country to have monetary autonomy, as suggested by the trilemma. Partial capital controls, however, do not generally enable a country to have greater monetary control than is the case with open capital accounts unless they are quite extensive. In contrast, a moderate amount of exchange rate flexibility does allow for some degree of monetary autonomy, especially in emerging and developing economies
Progress Towards External Adjustment in the Euro Area Periphery and the Baltics by Joong Shik Kang( Book )

2 editions published in 2014 in English and held by 1 WorldCat member library worldwide

"The euro area periphery countries and the Baltic countries, which had large current account deficits in the run-up to the crisis, needed adjustment of relative prices to achieve both internal and external balances. Thus far, tangible progress has been made through lower wages and/or higher productivity relative to trading partners ("internal devaluation"), which contributed to narrowing current account deficits and shifting output towards the tradables sector. While some early adjusters cut wages more rapidly followed by productivity improvement, others have only slowly improved productivity largely through labor shedding. This adjustment for most countries has come along with a substantial recession as the unit labor cost improvement has largely come from falling employment and much of the current account improvement from import compression. Going forward, these countries still need to generate growing tradables sector employment and to continue adjustment to prevent imbalances from returning as output gaps close"--Abstract
 
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Exchange rate regimes in the modern era
Alternative Names
Shambaugh, J.

Shambaugh, Jay

Shambaugh, Jay Curtis

香博杰伊·C

Languages
English (66)

Covers
Study guide to accompany International economics, theory & policy, seventh edition, Paul R. Krugman, Maurice ObstfeldStudy guide to accompany Krugman/Obstfeld International economics, theory and policy, 8[th edition]Study guide to accompany International economics : theory and policy