Showing 1 - 10 of 106
Persistent link: https://www.econbiz.de/10011547915
Persistent link: https://www.econbiz.de/10001227526
prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global … France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked … exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French …
Persistent link: https://www.econbiz.de/10012009318
Persistent link: https://www.econbiz.de/10003961249
As the recent struggles connected with the readjustment of exchange rates within the European Monetary System have shown, the relatively unproblematic "running in" period of the EMS, which was supposed to be a constructive contribution to the creation of a more viable international monetary...
Persistent link: https://www.econbiz.de/10011552079
Persistent link: https://www.econbiz.de/10011552177
reduce inflation have failed. Can the EMS, building on its success, so evolve as to facllitate the reform of the …
Persistent link: https://www.econbiz.de/10011554373
For many years, the guardians of the world's currency system have tried to cure the symptoms of its illness. They were not even altogether unsuccessful in their attempts to maintain the system of Bretton Woods. But its shortcomings are still conspicuous. One crisis after another occurs, and the...
Persistent link: https://www.econbiz.de/10011560273
Persistent link: https://www.econbiz.de/10002453014
This paper assesses the role of the deutsche mark as a key international currency. It first investigates the theoretical basis underlying the international use of a currency. Theoretical considerations indicate that several factors relating to the issuing country—including inflation...
Persistent link: https://www.econbiz.de/10014396438