Similar Search Results

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

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

A PUSH TO GEORGE ( IN ) BUSH

DR.VSR.SUBRAMANIAM - EconWPA - 2005

. Even the currencies of poor nations are galloping upward in $ parity, because they are linked to Euro. This is due to USA …'s approach to control other nations in the world,through unilateral Army power,tie up of domestic markets towards USA, and … Pumping wealth from developed nations. A Notional Balance sheet of USA, balances only with a Loss to the Assets(Debit). This …

Persistent link: https://www.econbiz.de/10005556940

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

MFN Status, Trade Embargoes, Sanctions and Blockades: An Examination of Some Overlooked Property, Contract and Other Human Rights Issues

McGee, Robert W. - EconWPA - 1998

Most Favored Nation (MFN) status, trade embargoes and blockades have traditionally been used to entice nations to alter their behavior or to punish them for certain behavior. The intentions behind these policies are generally noble, at least on the surface. However, instituting these policies...

Persistent link: https://www.econbiz.de/10005119248

Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period

Obstfeld, Maurice; Shambaugh, Jay C.; Taylor, Alan M. - EconWPA - 2004

The interwar period was marked by the end of the classical gold standard regime and new levels of macroeconomic disorder in the world economy. The interwar disorder often is linked to policies inconsistent with the constraint of the open-economy trilemmathe inability of policymakers...

Persistent link: https://www.econbiz.de/10005125498

Inside the Impossible Triangle: Monetary Policy Autonomy in a Credible Target Zone

Jansen, W. Jos - EconWPA - 2003

This paper examines the trade-off between exchange rate stability and monetary autonomy for a target zone. Using the guilder-mark target zone in the pre-EMU period as a case study, we empirically estimate how much policy discretion the Dutch central bank still enjoyed and how much had been ceded...

Persistent link: https://www.econbiz.de/10005126320

Fiscal and Monetary Rules for a Currency Union

Ferrero, Andrea - EconWPA - 2005

This paper addresses the question of the joint conduct of fiscal and monetary policy in a currency union. The problem is studied using a two- country DSGE framework with staggered price setting, monopolistic competition in the goods market, distortionary taxation and nominal debt. The two...

Persistent link: https://www.econbiz.de/10005126475

Global Implications of Self-Oriented National Monetary Rules

Obstfeld, Maurice; Rogoff, Kenneth - EconWPA - 2003

It is well known that if international linkages are relatively small, the potential gains to international monetary policy coordination are typically quite limited. But what if goods and financial markets are tightly linked? Is it then problematic if countries unilaterally design their...

Persistent link: https://www.econbiz.de/10005412606

FISCAL-MONETARY POLICY COORDINATION AND DEBT MANAGEMENT: A TWO STAGE DYNAMIC ANALYSIS

Bartolomeo, Giovanni Di; Gioacchino, Debora Di - EconWPA - 2005

This paper studies the interaction between two autonomous policymakers, the central bank and the government, in managing public debt as the result of a two-stage game. In the first stage the institutional regime is established. This determines the equilibrium solution to be applied in the second...

Persistent link: https://www.econbiz.de/10005412623

1
2
3
4
5
6
7
8
9
10
Next
Last