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As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …
Persistent link: https://www.econbiz.de/10005621973
learned from current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the …
Persistent link: https://www.econbiz.de/10005835646
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...
Persistent link: https://www.econbiz.de/10005836848
This paper investigates the dynamic implications of Krugman’s (1999) model of financial crises with balance-sheet effects, which has a considerable impact on the literature as well as the teaching of international financial crisis. By explicitly taking account of wealth accumulation and...
Persistent link: https://www.econbiz.de/10008529247
projection of what has been learned from current monetary unions, especially the euro. Each successive annual edition of this …
Persistent link: https://www.econbiz.de/10005787163
whether the euro stands any real chances of dethroning the US dollar as the global currency. Among other things, the empirical … near future the euro may be regarded as a global reserve currency on a par with the US dollar or it may even become the … leading reserve currency. Finally, the empirical analysis also shows that the proportion of the euro in foreign currency …
Persistent link: https://www.econbiz.de/10005616598
Abstract The monetary policy, especially the American one, can be blamed for the remote role (2002-2004) it played in the creation of the speculative bubble which led to a financial crisis. It also has a part of the responsibility through its restrictive direction during the 2004-2006 period;...
Persistent link: https://www.econbiz.de/10008534293
The recent crisis should not be used to prouve the failure of the entire financial system. Global banking systems are regulated by rules, that have not been applied correctly all over the place. And just one "hole" in the regulatory net is sufficient to make it useless.
Persistent link: https://www.econbiz.de/10008543033
It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were...
Persistent link: https://www.econbiz.de/10008543034