Showing 1 - 10 of 26
Fears that globalization necessarily hurts the environment are not well-founded. A survey reveals little statistical …
Persistent link: https://www.econbiz.de/10013217954
Globalization of trade and finance has gone a long way over the last half-century. But it is less impressive than most … international integration. The paper documents the extent of globalization, and some reasons for the barriers that remains. It then … environment. The conclusion is that globalization is not the primary obstacle to efforts to address such concerns …
Persistent link: https://www.econbiz.de/10013222642
forecasted to last indefinitely, retrenchment is treated as unnecessary. Many believe that better fiscal policy can be obtained …
Persistent link: https://www.econbiz.de/10013122217
determinants of the shares of major currencies in the reserve holdings of the world's central banks. Significant factors include … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to … US economy, and (2) does US macroeconomic policy eventually undermine confidence in the value of the dollar, in the form …
Persistent link: https://www.econbiz.de/10013105149
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming...
Persistent link: https://www.econbiz.de/10013091941
The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as reflecting the carry trade. It focuses on speculative factors, here defined as the trade-off between interest rates on the one hand and market participants'...
Persistent link: https://www.econbiz.de/10013075796
Figures for 1995 estimate trading by dealers in the foreign exchange market at over $1,200 billion per day, most of it with other dealers. Some have linked this volume to concerns of excessive volatility in the market. Tobin's proposal to address this volatility with a small tax on all foreign...
Persistent link: https://www.econbiz.de/10012774984
major currencies in the reserve holdings of the world's central banks. Significant factors include: size of the home country …
Persistent link: https://www.econbiz.de/10012759417
Commodity prices are back. This paper looks at connections between monetary policy, and agricultural and mineral … commodity inventories. The paper concludes with a consideration of implications for monetary policy …
Persistent link: https://www.econbiz.de/10012760515