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Financial Crises and Reform of the International Financial System
Fischer, Stanley - 2002
threatened Turkey and Argentina (2000 and 2001) and most recently Brazil (again). This article discusses the reform of the …
Persistent link: https://www.econbiz.de/10012469410
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The international financial system. - 1988. - IX, 400 S. - Enth. 8 Beitr.
Sachs, Jeffrey (ed.)
Persistent link: https://www.econbiz.de/10000771268
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"Unusual, Unstable, Complicated, Unreliable and Temporary" Reinterpreting the Ebb and Flow of Globalization
Bordo, Michael D.; Schenk, Catherine R. - National Bureau of Economic Research - 2021
In 1919, John Maynard Keynes wrote his famous tract The Economic Consequences of the Peace. In that work, he anticipated the collapse of the first era of globalization that began in the mid-nineteenth century. He admonished the short-sighted assumption that these years of relative peace and...
Persistent link: https://www.econbiz.de/10012599404
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The International Monetary System : Should it be Reconsidered?
Frenkel, Jacob A. - 1987
This paper addresses the question of reform of the international monetary system. It starts by identifying the sources … that a reform of the monetary system without a fundamental change in macroeconomic policies may be harmful. The analysis … proceeds by examining the broader issues and principles relevant for an evaluation of reform. The key questions are: what …
Persistent link: https://www.econbiz.de/10012476906
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International Finance
Obstfeld, Maurice - 1986
This essay written for The New Palgrave dictionary of Ecnomics provides a selective and interpretive account of the development of thought on international financial questions. Attention is focused on the process of international adjustment and on the proper definition of external balance. Since...
Persistent link: https://www.econbiz.de/10012476993
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Why Is the Euro Punching Below Its Weight?
Ilzetzki, Ethan - 2020
On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We document this fact with a wide range of indicators including its role as an anchor or reference in exchange rate arrangements--which we argue is a portmanteau measure--and as a...
Persistent link: https://www.econbiz.de/10012479284
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The International Monetary and Financial System
Gourinchas, Pierre-Olivier - 2019
International currencies fulfill different roles in the world economy with important synergies across those roles. We explore the implications of currency hegemony for the external balance sheet of the United States, the process of international adjustment, and the predictability of the US...
Persistent link: https://www.econbiz.de/10012479732
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The Rise of the Dollar and Fall of the Euro as International Currencies
Maggiori, Matteo - 2018
The modern notion of an international currency involves use in areas of international finance and trade that extend well beyond central banks' coffers. In addition to their important roles as foreign exchange reserves, international currencies are most frequently used to denominate corporate and...
Persistent link: https://www.econbiz.de/10012481057
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Exchange Rate Regimes and Capital Mobility : How Much of the Swoboda Thesis Survives?
Eichengreen, Barry - 2008
Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...
Persistent link: https://www.econbiz.de/10012464545
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From World Banker to World Venture Capitalist : US External Adjustment and the Exorbitant Privilege
Gourinchas, Pierre-Olivier - 2005
Does the center country of the International Monetary System enjoy an "exorbitant privilege" that significantly weakens its external constraint as has been asserted in some European quarters? Using a newly constructed dataset, we perform a detailed analysis of the historical evolution of US...
Persistent link: https://www.econbiz.de/10012467115