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The impact on the U.S. Dollar of the conflict between the American locomotive’s model and the emerging economies’ autopoietic growth.
Viviani, Carlo; Savona, Paolo - EconWPA - 2005
The purpose of this paper is to put the future of the US dollar into a logical framework which comprises the global development mechanism. Two models of growth collide: the US «locomotive», based on the international use of the dollar, and which requires exogenous pushes coming permanently...
Persistent link: https://www.econbiz.de/10005124951
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Monetary Policy Shocks in a Tri-Polar Model of Foreign Exchange
Melecky, Martin - EconWPA - 2005
This paper investigates effects of third-currency monetary policy shocks on exchange rates. For this purpose we setup a structural VAR model containing the exchange rates of the three major currencies – the U.S. dollar, the euro and the Japanese yen – and short-term interest rates on the...
Persistent link: https://www.econbiz.de/10005125529
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Exchange Rate Regimes and Economic Linkages
Lee, Jong-Wha; Shin, Kwanho - EconWPA - 2004
We investigate how the exchange rate regime influences economic linkages across countries. We divide the exchange rate regime into three classifications: currency union, peg and floating exchange rates. Unlike most studies solely focusing on the relationship between anchor and client countries,...
Persistent link: https://www.econbiz.de/10005062707
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A PUSH TO GEORGE ( IN ) BUSH
DR.VSR.SUBRAMANIAM - EconWPA - 2005
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...
Persistent link: https://www.econbiz.de/10005556940
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MFN Status, Trade Embargoes, Sanctions and Blockades: An Examination of Some Overlooked Property, Contract and Other Human Rights Issues
McGee, Robert W. - EconWPA - 1998
abuse of MFN status as applied to the People's Republic of China and North Korea, and the trade sanctions against Cuba and …
Persistent link: https://www.econbiz.de/10005119248
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The Brazilian Currency Turmoil of 2002: A Nonlinear Analysis
Goretti, Manuela - EconWPA - 2005
This paper investigates the main sources of instability in Brazil during the currency and financial distress episode of …
Persistent link: https://www.econbiz.de/10005125532
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Financial Liberalization and Business Cycles: The Experience of Future EU Member States in the Baltics and Central Eastern Europe
Souza, Lucio Vinhas de - EconWPA - 2004
This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of “emerging...
Persistent link: https://www.econbiz.de/10005062709
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Is the Feldstein-Horioka Puzzle Really a Puzzle?
Levy, Daniel - EconWPA - 2004
Using the framework of a dynamic intertemporal optimization model of an open economy, it is shown that the long-run investment-saving correlation follows directly from the economy's dynamic budget constraint and this does not depend on the degree of international capital mobility. Therefore,...
Persistent link: https://www.econbiz.de/10005119491
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The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine
Woo, Wing Thye - EconWPA - 2003
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …
Persistent link: https://www.econbiz.de/10005062405
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Is a conservative central banker a (perfect) substitute for wage coordination?
Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2003
In a monetary union, macroeconomic policies are strongly associated with externalities that seem to imply the need for macroeconomic policy coordination. However, if coordination is not complete, partial coordination might be unable to cope with the negative externalities arising from a...
Persistent link: https://www.econbiz.de/10005076726