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One of the most important instruments of economic policy of the opened countries is the exchange rate. It is considered both a mean of monetary regulation and a tool of outside competitiveness. Morocco plans to adopt the floating exchange rate regime, in the end of 2009. Indeed, the question...
Persistent link: https://www.econbiz.de/10008490557
Though the hypothesis that exchange rate regimes fully predetermine monetary policy in the face of external shocks hardly finds any advocates on theoretical ground it has crept in the most of empirical research. This study adopts a more discerning empirical approach that looks at monetary policy...
Persistent link: https://www.econbiz.de/10011109484
monetary union in many others regions of the world. Since then, the debate has moved towards the study of the parameters that … theory and considered the criteria as incomplete, since this theory insists solely on a few elements concerning the … meeting this theory’s criteria. Other economists recommend studying the history of these monetary unions so as to define the …
Persistent link: https://www.econbiz.de/10011260997
This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption....
Persistent link: https://www.econbiz.de/10008596363
The article illustrates how the integration of modern theory of finance and stochastic dynamic macroeconomic analysis … europäische Geldpolitik in der näheren Zukunft ergeben. …
Persistent link: https://www.econbiz.de/10005649821
This paper set out to review the main theories and empirical methods employed in selecting an appropriate exchange rate regime.In order to achieve this, the paper is organized as follows : Section 2 introduces the distinct classifications of exchange regimes(de jure exchange rate regimes versus...
Persistent link: https://www.econbiz.de/10011109757
This conference volume discusses the pros and cons of early integration into the European Union of Eastern transition countries, given the information available at the turn of the century. The questions posed refer to the structural gap between accession countries (ACs) and the EU, the optimal...
Persistent link: https://www.econbiz.de/10011111758
optimum currency area theory proves to be a constructive framework to predict voting behaviour across socio-economic groups … and costs across groups was a major determinant of their voting behavior. As predicted by theory, the Yes-vote was …
Persistent link: https://www.econbiz.de/10005621732
This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book … in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number … describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world …
Persistent link: https://www.econbiz.de/10005621973
This is the only book in print in the world about the single global currency, and is the only book in the world priced …; and save the world - trillions. The multicurrency foreign exchange trading system was developed about 2,500 years ago to … currency. In a 3-G world with a single global currency managed by a global central bank within a global monetary union …
Persistent link: https://www.econbiz.de/10005787163