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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
Although Europe is about to introduce a commom monetary policy with one common European currency, the euro, estimating … the expected costs and income is not an easy task. This paper analyzes in-depth the benefits of the euro. The prospects …
Persistent link: https://www.econbiz.de/10008854418
This paper focuses on the impact of the euro on the degree of business cycle synchronisation between nineteen advanced … impact of the euro on the synchronicity and the relative amplitude of business cycles separately. We find that although the … introduction of the euro has raised the likelihood of business cycle synchronicity, it has not affected the relative amplitude of …
Persistent link: https://www.econbiz.de/10008583573
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