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Levy Yeyati, Eduardo; Sturzenegger, Federico - In: Handbook of Development Economics

To the extent that they exert a critical influence on the macroeconomic environment, monetary and exchange rate policies (MERP) are relevant for development. However, the analytical economic literature often sees nominal variables as being irrelevant for the real economy, while the multiplicity...

Persistent link: https://www.econbiz.de/10010700810

Monetary regimes and inflation : history, economic and political relationships

Bernholz, Peter - 2003

paper money inflations -- 5. Characteristics of hyperinflations -- 6. Currency competition, inflation, Gresham's law and … exchange rate -- 7. Ending mild or moderate inflations -- 8. Currency reforms ending hyperinflations …

Persistent link: https://www.econbiz.de/10011851086

Monetary systems and the global balance-of-payments adjustment in the pre-gold standard period, 1700-1870

Esteves, Rui Pedro; Nogués-Marco, Pilar - 2019

Persistent link: https://www.econbiz.de/10012139646

The Triffin dilemma again

Campanella, Edoardo - 2010

's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three … new monetary system. The US and Europe should consider to adopt the same currency through a system of fixed exchange rates … (global currency). This currency should perform its duty of anchor of the system, reducing global imbalances and gyrations in …

Persistent link: https://www.econbiz.de/10008648332

Fiscal Histories

Cochrane, John H. - National Bureau of Economic Research - 2022

quiet zero bound of the 2010s, and the reemergence of inflation in 2021, as well as to analyze the gold standard, currency … pegs, the ends of hyperinflations, currency crashes, and the success of inflation targets. Going forward, fiscal theory …

Persistent link: https://www.econbiz.de/10013361983

Central bank collateral frameworks

Nyborg, Kjell G. - 2015

This paper seeks to inform about a feature of monetary policy that is largely overlooked, yet occupies a central role in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood by the observation that the money at the core of these...

Persistent link: https://www.econbiz.de/10011296085