exchange rates
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Foreign Exchange Interventions: A Comparison of the Mexican and Brazilian Models
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Over the past several years, foreign exchange rates among Latin American countries have fluctuated significantly. These oscillations have been caused by several factors, including the U.S. presidential elections, changing oil prices, the Taper Tantrum (the expectation of a reduction in bond purchases by the Federal Reserve), interest rate hikes by…
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The US Manufacturing Industry’s Global Fight
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A new study confirms a resurgence of the US manufacturing industry in the last five years, primarily driven by a reduction in labor costs, depreciation of the US dollar, and reduction in domestic energy prices.
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Scaling Back Quantitative Easing: Domestic Recovery at a Foreign Cost
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Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies.