Showing 1 - 9 of 9
This paper addresses the agenda for the Group of Twenty (G-20) leaders' meeting in Seoul, Korea in November 2010. This is an opportunity and challenge for Asian leaders in particular. Their test will be, first, to demonstrate that they can responsibly advance economic recovery. They must also...
Persistent link: https://www.econbiz.de/10008642738
The macroeconomic regime implanted in Brazil during the second administration of Fernando Henrique Cardoso, and largely maintained by his successor, is typical of those of the advanced countries. The anchor is provided by an inflation-targeting regime (with a target inflation rate somewhat...
Persistent link: https://www.econbiz.de/10008752826
—afforded by disaggregated trade data—across exporters, importers, product, and time to estimate this spillover effect. The results …
Persistent link: https://www.econbiz.de/10010534879
dominance of the US dollar as a trade, investment and reserve currency. Third, exchange rate stabilization is explained by the …
Persistent link: https://www.econbiz.de/10010575446
This paper traces the evolution of the Federal Reserve and its engagement with the global economy over the last three decades of the 20th century: 1970 to 2000. The paper examines the Federal Reserve’s role in international economic and financial policy and analysis covering four areas: the...
Persistent link: https://www.econbiz.de/10010889808
effective in dealing with undervalued exchange rates. We propose new rules in the World Trade Organization (WTO) to discipline … that there are large trade consequences of undervalued exchange rates, which act as both import tariffs and export … strike this bargain. Its services agreement, the General Agreement on Trade in Services (GATS), already covers investments by …
Persistent link: https://www.econbiz.de/10005035518
Recently, great attention has been focused on the impact of exchange rate regimes, just as previous empirical research examined central bank autonomy and announced targets for domestic monetary policy. To date, however, these three elements of monetary frameworks have been assessed in isolation...
Persistent link: https://www.econbiz.de/10005035521
This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance model of exchange rates to consider whether the dollar might be affected by a change in transactions costs that alters international portfolio allocations. Our empirical findings...
Persistent link: https://www.econbiz.de/10005627712
In the first decade of the 21st century the International Monetary Fund (IMF) faced crises of legitimacy, relevance, and budgetary finance. It now confronts what likely will be the worst global recession since World War II, potentially huge demands for its financial assistance with limited...
Persistent link: https://www.econbiz.de/10005627739