Showing 1 - 10 of 12,610
Persistent link: https://www.econbiz.de/10001697193
A confluence of factors promises to put pressure on the new Bank of Canada governor to direct monetary policy at fixing … Canada's so-called "overvalued" currency, according to a report released today by the C.D. Howe Institute. But in "The … Seductive Myth of Canada's 'Overvalued' Dollar," author Christopher Ragan provides two strong arguments against doing so: the …
Persistent link: https://www.econbiz.de/10013078452
This study measures the degree of dollarization in North Korea using results from a survey of 231 North Korean refugees. Specifically, we compare foreign currency use of households as both store-of-value substitutes (i.e., asset substitution) and transaction substitutes (i.e., currency...
Persistent link: https://www.econbiz.de/10011765053
Persistent link: https://www.econbiz.de/10011957450
Persistent link: https://www.econbiz.de/10003343537
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double role of national and international currency. This is what I call the Triffin dilemma, an ever green concept in international finance. In the paper I show how it works through...
Persistent link: https://www.econbiz.de/10003905051
Persistent link: https://www.econbiz.de/10009509052
Persistent link: https://www.econbiz.de/10010519398
In this paper, we study the drivers of permanent and transitory deposit dollarization for a sample of CESE countries using panel cointegration techniques. The results suggest that a positive cointegration relationship exists between permanent dollarization and Minimum Variance Portfolio (MVP)...
Persistent link: https://www.econbiz.de/10011421680
Cambodia's economic and social achievements over the past ten years have been the most impressive in its history. Nevertheless, Cambodia today is still as dollarized, if not more so, than it was ten years ago. What is this so, and what, if anything, should the Government do? This paper attempts...
Persistent link: https://www.econbiz.de/10011282131