Showing 1 - 10 of 81
. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …
Persistent link: https://www.econbiz.de/10010397341
This paper discusses desirable exchange rate regimes and how countries can shift from their current regimes to these regimes over the medium term. We demonstrate the superiority of a basket-peg regime with the basket weight rule over a floating regime with the interest rate rule or the money...
Persistent link: https://www.econbiz.de/10011310997
As all eyes are on the strategy and policy measures of the People's Republic of China (PRC) to push the international use of the yuan, this paper turns to the internationalization of the Japanese yen and compares it with what the PRC is doing. There are some fundamental differences in the...
Persistent link: https://www.econbiz.de/10010397231
This paper analyzes the optimal transition of the exchange rate regime in the People's Republic of China (PRC). How the PRC can successfully reach the desired regime - whether a basket peg or floating regime - from the current dollar-peg regime remains a major question. To answer it, we develop...
Persistent link: https://www.econbiz.de/10010397284
The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a breakup of the euro area. Indeed, the crisis has highlighted the …
Persistent link: https://www.econbiz.de/10010397310
This paper contrasts the United States (US) and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of...
Persistent link: https://www.econbiz.de/10010286102
. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …
Persistent link: https://www.econbiz.de/10013103887
As all eyes are on the strategy and policy measures of the People's Republic of China (PRC) to push the international use of the yuan, this paper turns to the internationalization of the Japanese yen and compares it with what the PRC is doing. There are some fundamental differences in the...
Persistent link: https://www.econbiz.de/10013072066
This paper contrasts the United States and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of both...
Persistent link: https://www.econbiz.de/10013144792
included the deutsche mark (DM), the Japanese yen, and the euro (successor to the DM). Yet in the end their …
Persistent link: https://www.econbiz.de/10010397217