Narrow search
Showing 1 - 10 of 607
Cover Image
Der Euro - das Ende der Vorherrschaft des Dollar?
Ochel, Wolfgang - In: Ifo Schnelldienst 51 (1998) 08, pp. 01-14
Zum 1. Januar 1999 wird die dritte Stufe der Europäischen Währungsunion (EWU) vollzogen. Die Bedeutung des Euro wird in … des europäischen Finanzmarktes wird die internationale Verbreitung des Euro als Transaktions-, als Anlage- und Emissions …- sowie als Reservewährung zunehmen. Eine Gefährdung der US-amerikanischen Währung durch den Euro wird allerdings …
Persistent link: https://www.econbiz.de/10005013719
Cover Image
Mehr Kompetenzen für den EU-Währungskommissar – mehr Stabilität für die Währungsunion?
Straubhaar, Thomas - In: Ifo Schnelldienst 65 (2012) 22, pp. 03-06
Nach einem Vorschlag von Wolfgang Schäuble soll der EU-Währungskommissar stärker Einfluss auf die Haushalte der Euromitgliedstaaten nehmen. Ein politisch unabhängiger, ausschließlich auf die Haushaltspolitik fokussierter EU-Währungskommissar könnte nach Ansicht von Thomas Straubhaar,...
Persistent link: https://www.econbiz.de/10010877477
Cover Image
Managing Financial Crises; Recent Experience and Lessons for Latin America
Kincaid, G. Russell; Collyns, Charles - International Monetary Fund (IMF) - 2003
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
Cover Image
Trade and Financial Contagion in Currency Crises
Salgado, Ranil; Ricci, Luca Antonio; Caramazza, Francesco - International Monetary Fund (IMF) - 2000
estimation finds these economic indicators to be significant for emerging market countries during the Mexican, Asian, and Russian …
Persistent link: https://www.econbiz.de/10005769104
Cover Image
Over there : American banks abroad
Hallow, Mary J. - 1993
Persistent link: https://www.econbiz.de/10004163218
Cover Image
Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries
Yue, Vivian Z.; Jahjah, Samir - International Monetary Fund (IMF) - 2004
We test the hypothesis of a link between exchange rate policy and sovereign bonds. We analyze the effect of exchange rate policies on supply and credit spreads of sovereign bonds issued by developing countries. An exchange rate policy is captured by the de facto exchange rate regime and the real...
Persistent link: https://www.econbiz.de/10005599729
Cover Image
What Caused the 1991 Currency Crisis in India?
Saxena, Sweta Chaman; Cerra, Valerie - International Monetary Fund (IMF) - 2000
Did real overvaluation contribute to the 1991 currency crisis in India? This paper seeks an answer by constructing the equilibrium real exchange rate, using an error correction model and a technique developed by Gonzalo and Granger (1995). The results are affirmative and the evidence indicates...
Persistent link: https://www.econbiz.de/10005263897
Cover Image
Exchange Rate Policy and Debt Crises in Emerging Economies
Montiel, Peter; Jahjah, Samir - International Monetary Fund (IMF) - 2003
We explore a model intended to capture the interaction between exchange rate policy, fiscal policy, and outright default on foreign-currency denominated debt. We examine how the exchange rate affects the supply of short-term debt facing the government. We show that under a credible hard peg...
Persistent link: https://www.econbiz.de/10005826111
Cover Image
Currency Boards, Credibility, and Macroeconomic Behavior
Sy, Amadou N. R.; Rivera-Batiz, Luis - International Monetary Fund (IMF) - 2000
Currency boards operate differently from standard pegs. The former exhibit greater currency stability and lower transaction costs, inflation, and nominal interest rates, but are limited in their use of devaluation. We extend Drazen and Masson’s (1994) signaling model to consider the choice...
Persistent link: https://www.econbiz.de/10005768949
Cover Image
The Pros and Cons of Full Dollarization
Borensztein, Eduardo; Berg, Andrew - International Monetary Fund (IMF) - 2000
We analyze the costs and benefits of full dollarization compared to its closest alternative, a currency board, quantifying for Argentina where possible. Potential advantages include lower borrowing costs and deeper integration into world markets. One cost is the transfer of seigniorage to the...
Persistent link: https://www.econbiz.de/10005605277