The electoral campaign of Argentina's new president Javier Milei has revived the debate over the pros and cons of dollarization. Critics argue that dollarizing would force Argentina to import the monetary policy of the Federal Reserve, regardless of whether the Fed's policies are appropriate for...

The method of identification is shown on the example of dynamics of a rate of inflation of US dollar on months from January 2000 to May 2015. The equations of a trend and oscillatory indignations on the basis of steady laws on the generalized wave function in the form of an asymmetric wavelet...

Different export-pricing currency paradigms have different implications for a host of issues that are critical for policymakers such as business cycle co-movement, optimal monetary policy, optimum currency areas and international monetary policy coordination. Unfortunately, the literature has...

From 2000 to 2015 there was a large increase in U.S. dollar debt issues by Chinese firms. Financial policy makers have been concerned about potentially serious negative consequences from this rapid growth in foreign currency corporate debt. We first observe that the average growth rate of these...

The value of a dollar, 1860-2019 (table) -- 1860-1899: The age of endeavor -- 1900-1919: The progressive era and World War I -- 1920-1939: Return to "normalcy," the Great Depression, and recovery -- 1940-1959: World War II, recovery, and the Cold War -- 1960-1979: The Vietnam War and the global...

Many have argued that the major source of the existing global macroeconomic imbalances are the twin deficits of the United States (US). However, there is still a debate about whether the global imbalances indeed pose a significant threat to the world economy. This paper analyzes whether current...

The US dollar is the world's indispensable currency. The dollar's preeminent status gives the United States enormous coercive powers which it flexes in the form of financial sanctions to punish its adversaries. Over the last twenty years, Washington has relied on financial sanctions with greater...