Showing 1 - 7 of 7
Währungssysteme und Währungstheorie Die Analyse von Währungsvereinbarungen zeigt, daß die Geldtheorie – parallel zu technologischen Innovationen – die Entwicklung währungspolitischer Institutionen wesentlich geprägt hat. Die Verbreitung elektronischer Zahlungsmittel wird das...
Persistent link: https://www.econbiz.de/10014523240
The three exchange rate regimes adopted by Italy from 1883 up to the eve of World War I - the gold standard (1883-1893), floating rates (1894-1902), and “gold shadowing” (1903-1911) - produced a puzzling result: formal adherence to the gold standard ended in failure while shadowing the gold...
Persistent link: https://www.econbiz.de/10013155097
Since the mid-1990s new developments in the theory of optimum currency areashave set forth an equilibrium approach that, in contrast with the traditional viewstemming from Robert Mundell's seminal paper, considers the optimality criteria as the product of equilibrium forces and therefore...
Persistent link: https://www.econbiz.de/10010854299
The three exchange rate regimes adopted by Italy from 1883 up to the eve of World War I — the gold standard (1883-1893), floating rates (1894-1902), and “gold shadowing” (1903-1911) — produced a puzzling result: formal adherence to the gold standard ended in failure while shadowing the...
Persistent link: https://www.econbiz.de/10008506784
This paper contrasts the received view of optimum currency areas with the modernequilibrium approach. Setting Mundell's work against earlier analyses of monetary unions exposes the peculiarities of his theory, embedded in the static Keynesian paradigm. Mundell's hypothesis, constructed on the...
Persistent link: https://www.econbiz.de/10010658887
Since the mid-1990s new developments in the theory of optimum currency areashave set forth an equilibrium approach that, in contrast with the traditional viewstemming from Robert Mundell's seminal paper, considers the optimality criteria as the product of equilibrium forces and therefore...
Persistent link: https://www.econbiz.de/10010658897
This paper contrasts the received view of optimum currency areas with the modernequilibrium approach. Setting Mundell's work against earlier analyses of monetary unions exposes the peculiarities of his theory, embedded in the static Keynesian paradigm. Mundell's hypothesis, constructed on the...
Persistent link: https://www.econbiz.de/10010658909