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Bordo, Michael D. - In: Bretton Woods 70 : regaining control of the …, (pp. 66-77). 2014

Persistent link: https://www.econbiz.de/10010472649

Bordo, Michael D. - 2014

An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The … (analogous to Germany today).However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy … than BWS is a comparison of the clearing mechanism in the U.S.--The Gold Settlement account-- with the Target payments …

Persistent link: https://www.econbiz.de/10013051313

Tales from the Bretton Woods

Bordo, Michael D. - 2014

An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The …However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy than BWS is a … comparison of the clearing mechanism in the U.S.--The Gold Settlement account-- with the Target payments mechanism for the …

Persistent link: https://www.econbiz.de/10012458395

Central banks' voting records, financial crisis and future monetary policy

Horváth, Roman; Jonášová, Júlia - 2014

We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...

Persistent link: https://www.econbiz.de/10010461227

How does monetary policy change? Evidence on inflation targeting countries

Baxa, Jaromír; Horváth, Roman; Vašíček, Bořek - 2010

We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom), applying a moment-based estimator in a time-varying parameter model with endogenous regressors. Using this novel flexible framework, our...

Persistent link: https://www.econbiz.de/10010322229

Central banks' voting records and future policy

Horváth, Roman; Šmídková, Kateřina; Zápal, Jan - 2011

We assess whether the voting records of central bank boards are informative about future monetary policy. First, we specify a theoretical model of central bank board decision-making and simulate the voting outcomes. Three different versions of model are estimated with simulated data: 1)...

Persistent link: https://www.econbiz.de/10010322275