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The East Asian dollar standard, fear of floating, and original sin

McKinnon, Ronald I.; Schnabl, Gunther - In: Review of development economics 8 (2004) 3, pp. 331-360

Persistent link: https://www.econbiz.de/10002157863

The East Asian Dollar Standard, Fear of Floating, and Original Sin

McKinnon, Ronald - 2007

Before the crisis of 1997-98, the East Asian economies except for Japan but including China pegged their currencies to the U.S. dollar. To avoid further turmoil, the IMF now argues that these currencies should float more freely. However, our econometric estimations show that the dollar's...

Persistent link: https://www.econbiz.de/10012729302

The East Asian dollar standard, fear of floating, and original sin

McKinnon, Ronald I. - 2003

Persistent link: https://www.econbiz.de/10013268953

The East Asian Dollar Standard, Fear of Floating, and Original Sin

McKinnon, Ronald; Schnabl, Gunther - 2004

Before the crisis of 1997/98, the East Asian economies - except for Japan but including China - pegged their currencies to the US dollar. To avoid further turmoil, the IMF argues that these currencies should float more freely. However, the authors' econometric estimations show that the dollar's...

Persistent link: https://www.econbiz.de/10014070350

Global Imbalances, the U.S. Dollar, and How the Crisis at the Core of Global Finance Spread to 'Self-Insuring' Emerging Market Economies

Bibow, Jörg - 2010

This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...

Persistent link: https://www.econbiz.de/10013145124

The Euroland crisis and Germany's euro trilemma

Bibow, Jörg - In: International review of applied economics 27 (2013) 3, pp. 360-385

Persistent link: https://www.econbiz.de/10009781098

Geldpolitisches Kräftemessen

Schnabl, Gunther - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 89 (2009) 8, pp. 498-499

Persistent link: https://www.econbiz.de/10003867638

The euro debt crisis and Germany's euro trilemma

Bibow, Jörg - 2012

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … threaten the euro's survival. The crisis in Euroland poses a global "too big to fail" threat, and presents a moral hazard of … perhaps unprecedented scale to the global community. -- Euro ; Monetary Union ; Banking Crisis ; Balance-of-Payments Crisis …

Persistent link: https://www.econbiz.de/10009533362

Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …

Persistent link: https://www.econbiz.de/10009757118

The Euro Debt Crisis and Germany’s Euro Trilemma

Bibow, Jörg - 2012

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … the euro's survival. The crisis in Euroland poses a global “too big to fail” threat, and presents a moral hazard of …

Persistent link: https://www.econbiz.de/10013106538

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