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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

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

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

The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility

Obstfeld, Maurice; Shambaugh, Jay; Taylor, Alan - EconWPA - 2004

The exchange-rate regime is often seen as constrained by the monetary policy trilemma, which imposes a stark tradeoff among exchange stability, monetary independence, and capital market openness. Yet the trilemma has not gone without challenge. Some (e.g., Calvo and Reinhart 2001, 2002) argue...

Persistent link: https://www.econbiz.de/10005556596

Are Optimal Currency Areas Optimal for All? A Reassessment of the Case for Asian Monetary Union

Saxena, Sweta C. - EconWPA - 2005

This paper is a pioneering attempt to include India with east and Southeast Asia to study the existence of the economic criteria for a common currency. The analysis in this paper shows that significant complementarities in trade exist among these countries, most of them experience similar shocks...

Persistent link: https://www.econbiz.de/10005119428

Can South Asia Adopt a Common Currency?

Saxena, Sweta C. - EconWPA - 2005

The paper examines if the seven South Asian countries satisfy the criteria to form an optimal currency area. The empirical part of the paper reveals some positive attributes (such as the existence of positive shocks for major economies like India, Pakistan and Sri Lanka). The paper provides...

Persistent link: https://www.econbiz.de/10005119452