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Most stock market investors believe that the ideal equity portfolio should be well diversified to lower overall portfolio risk. International financial markets offer a means for diversification, but most investors do not exploit this risk-sharing opportunity and instead hold large shares of...
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unilateral adoption of the U.S. dollar by Canada and Mexico-dollarization-or monetary union, the development of a joint currency … and dollarization in the North American context. The evidence presented suggests that Canada and perhaps even Mexico are … appears to hold several advantages over dollarization from the perspective of both the United States and its NAFTA partners …
Persistent link: https://www.econbiz.de/10005711948
An examination of recent empirical research on money demand, which states that the interest elasticity of money demand …
Persistent link: https://www.econbiz.de/10005360727
A look at the pros and cons of currency boards as an institution for providing monetary credibility in developing countries.
Persistent link: https://www.econbiz.de/10005360778
Economic theory implies that the quantity of money in the economy is linked both to the Federal Reserve's policy …
Persistent link: https://www.econbiz.de/10005360950
, the ECB regularly examines the implications of money growth for the inflation outlook over the medium term to long term …
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This article finds that even in the 1980's, when barriers to international capital mobility had been largely eliminated, there was no measurable tendency for real interest rates between the U.S. and the major industrial countries to converge. Moreover, the estimated short-run responses of both...
Persistent link: https://www.econbiz.de/10005352272