Showing 1 - 4 of 4
The G20 summits in 2009 have proposed major changes in governance of the International Monetary Fund (IMF). Most important seems to be the acknowledgment that the IMF in its current form lacks legitimacy and ownership. Accordingly, the G20 suggests a reallocation of voting shares to emerging and...
Persistent link: https://www.econbiz.de/10008516768
Early warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Despite this limitation four major lessons emerge: First, EWSs have robust forecasting power and thus help policy-makers to prevent...
Persistent link: https://www.econbiz.de/10005138914
Persistent link: https://www.econbiz.de/10001694363
This paper describes and analyses the evolution of euro area currency in circulation in the last years and especially … in the run up to the cash change-over. In particular, it revisits the possible effect of the latter on the euro … the three time series in question (euro banknotes, US dollar banknotes, exchange rate). The main conclusion is that there …
Persistent link: https://www.econbiz.de/10001678876