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The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in … the U.S. which leads to a broader concern about how the current reserve system basically entails China lending to the U … initiatives put forward over the past year by China and others to begin a serious discussion of reforming the international …
Persistent link: https://www.econbiz.de/10008567957
The demand for cash balances of financial intermediaries that establish contractual liabilities with credit-sensitive customers is characterized. As stated by Merton, the success of the business activities of such firms crucially depends on their credit quality, and hence, they are obliged to...
Persistent link: https://www.econbiz.de/10013160192
Résumé: Une zone-cible du taux d’inflation comporte une borne supérieure et une borne inférieure clairement annoncées par les autorités monétaires. Ces dernières assurent la crédibilité de cette zone par des interventions ponctuelles sur les marchés financiers lorsque le taux...
Persistent link: https://www.econbiz.de/10005836918
the experiences of recent years and the conditions of the globalization in this time. The first Section contains an …
Persistent link: https://www.econbiz.de/10009322890
The author starts from the assumption that Croatia will access the European Union. Following assumption, he analyzes the possible scenarios of Croatian strategy based on the achievements the country’ s monetary policy, on the degree of acceptance of the convergence criteria and on...
Persistent link: https://www.econbiz.de/10005621538
India and China are without doubt two superpowers in becoming, as they jointly own 40% of the world’s population and … economic development of states in the globalization era relies decisively on the evolution of political interests games at … present in the following some recent economic earmarks of India’s, respectively China’s development, as well as, in conclusion …
Persistent link: https://www.econbiz.de/10011259988
In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10008596380
This essay has explored the validity of Marxist dependency theories in the context of the emerging China-Africa trade … patterns, this discussion has shown that the China-Africa economic links represent a distinct south-south dialectic occurring … the idea that China’s involvement in Africa is of a conventional center-periphery type; which suggests the existence of …
Persistent link: https://www.econbiz.de/10005621967
subcontractors. These new tendencies that include productive globalization, China and the new production chains require the … is the leader in productive globalization (electronic commerce, subcontracting, and commercialization), (ii) the … production of vehicles in China and in East Asia is adding dynamism to the market and provoking strategy changes, and (iii) the …
Persistent link: https://www.econbiz.de/10005623484