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This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
Persistent link: https://www.econbiz.de/10011850704
of the world. The intraregional exchange rate variability is thus latent. A two-step procedure is developed to measure …
Persistent link: https://www.econbiz.de/10003740327
The world economy is going through its biggest transformation in a relatively short space time. There have been many … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …. We highlight the dramatic degree of the shifts taking place in world GDP and trade and include fresh projections of what …
Persistent link: https://www.econbiz.de/10010354737
This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...
Persistent link: https://www.econbiz.de/10011851024
Persistent link: https://www.econbiz.de/10012060277
, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the …
Persistent link: https://www.econbiz.de/10011843378
This paper examines the effects of globalisation on the pace of governments implementing international travel restrictions during the recent coronavirus pandemic. We find that more globalised countries experienced a longer delay in implementing international travel restriction policies with...
Persistent link: https://www.econbiz.de/10012242056
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Financial globalisation has led to large increases in foreign assets and liabilities in recent decades, increasing the scope for valuation changes that are potentially greater than trade or financial flows. We confirm that the United States enjoys an 'exorbitant privilege' on flow income from...
Persistent link: https://www.econbiz.de/10011797678
Three years after the worst economic crisis since the Great Depression, economic growth has resurfaced across the world …pt. 1. Heading to 2020 : a new world economic governance? -- pt. 2. Carving out a place for the EU …
Persistent link: https://www.econbiz.de/10011850619