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Central bank digital currency in an open economy
Ferrari, Massimo Minesso; Mehl, Arnaud; Stracca, Livio - 2020
We examine the open-economy implications of the introduction of a central bank digital currency (CBDC). We add a CBDC to the menu of monetary assets available in a standard two-country DSGE model with financial frictions and consider a broad set of alternative technical features in CBDC design....
Persistent link: https://www.econbiz.de/10012317001
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Structural conditions for currency internationalisation : international finance and the survival constraint
Angrick, Stefan - 2018
This paper examines the relationship between currency internationalisation and economic structure. It argues that the hierarchical and asymmetric architecture of the international monetary system imposes a "survival constraint" upon non-centre countries that obliges them to generate net inflows...
Persistent link: https://www.econbiz.de/10011900309
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Coalition formation in international monetary policy games
Kohler, Marion - 1999
Persistent link: https://www.econbiz.de/10000168308
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International liquidity swaps : is the Chiang Mai initiative pooling reserves efficiently?
Kohlscheen, Emanuel (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003342317
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The damage from clean floats : from an anti-inflationary monetary policy
Pope, Robin; Selten, Reinhard; Kaiser, Johannes; Kube, … - 2007
rate. The new model is within a broader theory that includes risk effectsnormally excluded, SKAT, the Stages of Knowledge … Ahead Theory. We use SKAT to analyse outliers inour experimental results, and indicate some new directions and foci for … ; IMF ; exchange rate regime ; exchange rate volatility ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; monetary …
Persistent link: https://www.econbiz.de/10003612866
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Policy coordination in an international payment system
Chapman, James T. E. (contributor) - 2008
Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital question is what form should optimal policy take when there are two connected payment systems with separate regulators. In this paper I show that two central banks operating in a...
Persistent link: https://www.econbiz.de/10003711702
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Aspects of the international monetary system
Fridriksson, Ingimundur - 2010
Persistent link: https://www.econbiz.de/10008656286
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International markets, fixed exchange rates, and international stability
Drexler, Wulf - 1972
Persistent link: https://www.econbiz.de/10009530006
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Die Tobinsteuer zwischen Lenkungs- und Finanzierungsfunktion
Kulessa, Margareta E. - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 76 (1996) 2, pp. 95-104
Persistent link: https://www.econbiz.de/10011370017
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The global move into the zero interest rate and high debt trap
Schnabl, Gunther - 2013
The paper identifies based on the monetary overinvestment (malinvestment) theories by Wicksell (1898), Mises (1912) and Hayek (1929) monetary policy mistakes in large industrial countries issuing international currencies. It its argued that a benign neglect towards monetary policy reform in a...
Persistent link: https://www.econbiz.de/10009769015