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Looking backwards and living forwards: the EMU and the history of monetary unions in Western Europe
Barbezat, Daniel - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 10-30
implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
Persistent link: https://www.econbiz.de/10010669631
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The US Dollar and the Euro: Deus Ex-Machina
Lorca-Susino, Maria - Volkswirtschaftliche Fakultät, … - 2008
the end of Pax Americana and the beginning of something else, possibly a Pax Europea, led by the strength of the euro … performance of these two economic blocs. While the current exchange rate between the US dollar and the euro has been considered a … worried. The strength of the euro is becoming irritating for the Eurozone and, nevertheless, the weakness of the US dollar is …
Persistent link: https://www.econbiz.de/10005789886
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The doomsday cycle turns: who's next?
Boone, Peter; Johnson, Simon - Centre for Economic Performance, LSE - 2012
Peter Boone and Simon Johnson believe that there are more and worse financial crises to come.
Persistent link: https://www.econbiz.de/10010571390
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Monetary policy, exchange rates and labor unions in SEE and the CIS during the financial crisis
Jovanovic, Branimir; Petreski, Marjan - In: Economic Systems 38 (2014) 3, pp. 309-332
The objective of this paper is to assess whether the levels of unionization and the rigidity of exchange rates represent a constraint for the monetary policy in South-Eastern Europe and the Commonwealth of Independent States, with a particular focus on the recent economic crisis. Toward that...
Persistent link: https://www.econbiz.de/10010930602
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Republic of Latvia; Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement; Public Information Notice on the Executive Board Discussion; and Statement by the...
International Monetary Fund (IMF); International … - 2013
The IMF has approved an exceptional access Stand-By Arrangement for Latvia. The program is part of a coordinated international effort that has improved financial and economic stability. By early 2008, the fast growth has leveled off but severe vulnerabilities turned the slowdown into a crisis....
Persistent link: https://www.econbiz.de/10011244780
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Iraq; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This staff report on Iraq’s 2013 Article IV Consultation highlights economic policies and development. Risks to the macroeconomic outlook remain high. The risks can translate into lower oil revenues, deterioration in the fiscal position, pressures to use Central Bank of Iraq reserves for...
Persistent link: https://www.econbiz.de/10011245800
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Monetary policy in a small open economy with fixed exchange rate: The case of Macedonia
Jovanovic, Branimir; Petreski, Marjan - In: Economic Systems 36 (2012) 4, pp. 594-608
This paper empirically applies the New Keynesian model for monetary policy analysis in a small open economy with a fixed exchange rate. Official reserves are included in the interest rate rule to account for the constraint that these impose on monetary policy when the exchange rate is fixed....
Persistent link: https://www.econbiz.de/10010593955
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Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime
Berg, Andrew; Portillo, Rafael A; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid—delivering the same effects...
Persistent link: https://www.econbiz.de/10011123835
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Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework
Benes, Jaromir; Berg, Andrew; Portillo, Rafael A; … - International Monetary Fund (IMF) - 2013
We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we develop an open economy new-Keynesian model featuring...
Persistent link: https://www.econbiz.de/10011123860
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Peru; Monetary and Exchange Rate Policies, 1930-1980
Pastor, Gonzalo C. - International Monetary Fund (IMF) - 2012
This paper reviews monetary and exchange rate policies in Peru in 1930-80. The review covers major transformations to the world economy, including the post-1929 crash and WWII, and changing economic paradigms, such as the collapse of the gold standard and the rise and fall of the Bretton Woods...
Persistent link: https://www.econbiz.de/10011242258