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In our society today, money's value is measured by what it can buy—its purchasing power—not by its material worth, but it hasn't always been so. · My previous papers Impact of agriculture output on exchange rates and Currency competition-Survival of the fittest dealt with issues surrounding...
Persistent link: https://www.econbiz.de/10005408054
Recent studies of the effect of currency arrangements on goods market integration (starting with Rose, 2000) employ a methodology based on volumes of trade. However, the connection between market integration and trade flows can be loose. In this paper, we adopt a different methodology that uses...
Persistent link: https://www.econbiz.de/10005556637
The movement of illegal goods and illegal migrants also points to the importance of Mexico. Ignoring Mexico leaves a large hole in the U.S. security perimeter. If it is so easy for goods and people to move across the border, how does the United States plan to improve security without Mexican...
Persistent link: https://www.econbiz.de/10005556661
Agriculture accounts for USD 547 billion (approximately) of international trade, which means 9.1% of world merchandise trade and it constitutes 40.9% of world exports in primary products.In the coming decades the agricultural sector faces many challenges stemming from growing global populations,...
Persistent link: https://www.econbiz.de/10005119347
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …
Persistent link: https://www.econbiz.de/10005076758
This paper presents new evidence on the dynamics of dollarization and euroization for twenty-five transition countries … dollarization index (CDI) and separate indices of currency substitution (CSI) and asset substitution (ASI). When the CDI is compared … to the traditional dollarization index (DI) that relies solely on foreign currency deposits as a proxy for the extent of …
Persistent link: https://www.econbiz.de/10005076821
Dollarization is becoming a viable option for a number of countries, but the loss of seigniorage is a major obstacle …
Persistent link: https://www.econbiz.de/10005408188
currency substitution, asset substitution, and dollarization, and examine the consequences of network externalities for …
Persistent link: https://www.econbiz.de/10005119447
The paper compares the costs and benefits of dollarization for the dollarizing country and the 'anchor' country. …
Persistent link: https://www.econbiz.de/10005119461
This paper analyzes some of the implications of North American labor market integration for fiscal policy. The economies of Canada and the US are both characterized by highly integrated internal markets for goods and services as well as for labor and capital, and subnational governments in both...
Persistent link: https://www.econbiz.de/10005076579