Similar Search Results

When did the dollar overtake sterling as the leading international currency? : evidence from the bond markets

Eichengreen, Barry; Mehl, Arnaud; Chitu, Livia - 2012

Persistent link: https://www.econbiz.de/10009765214

The euro bloc, the dollar bloc and the yen bloc : how much monetary policy independence can exchange rate flexibility buy in an interdependent world?

Fratzscher, Marcel (contributor) - 2002

Persistent link: https://www.econbiz.de/10001702791

The role of IMF conditionality for central bank independence

Kern, Andreas; Reinsberg, Bernhard; Rau-Goehring, Matthias - 2020

This paper studies the role of the International Monetary Fund (IMF) in promoting central bank independence (CBI). While anecdotal evidence suggests that the IMF has been playing a vital role for CBI, the underlying mechanisms of this influence are not well understood. We argue that the IMF has...

Persistent link: https://www.econbiz.de/10012271557

Central bank digital currency in an open economy

Ferrari, Massimo Minesso; Mehl, Arnaud; Stracca, Livio - 2020

We examine the open-economy implications of the introduction of a central bank digital currency (CBDC). We add a CBDC to the menu of monetary assets available in a standard two-country DSGE model with financial frictions and consider a broad set of alternative technical features in CBDC design....

Persistent link: https://www.econbiz.de/10012317001

Opting out of the Great Inflation : German monetary policy after the break down of Bretton Woods

Beyer, Andreas; Gaspar, Vítor; Gerberding, Christina - 2009

During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central …

Persistent link: https://www.econbiz.de/10003831853

Reverse causality in global current accounts

Schnabl, Gunther; Freitag, Stephan - 2010

The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and … current account balance of the euro area has been by and large balanced. The paper finds that changes of world current account … Imbalances ; Asymmetric World Monetary System ; Twin Deficit ; Twin Surplus ; International Currency ; Sterilization ; Granger …

Persistent link: https://www.econbiz.de/10003973544

Stabilization policy in a two country model and the role of financial frictions

Faia, Ester - 2001

Persistent link: https://www.econbiz.de/10001590832

Mutual assistance between federal reserve banks : 1913 - 1960 as prolegomena to the TARGET2 debate

Eichengreen, Barry; Mehl, Arnaud; Chiţu, Livia; … - 2014

Persistent link: https://www.econbiz.de/10010382003

Once bitten : new evidence on the link between IMF conditionality and IMF stigma

Andone, Irina; Scheubel, Beatrice - 2019

While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries' willingness to ask for an IMF programme - often termed "IMF stigma" - has recently received attention particularly from policy...

Persistent link: https://www.econbiz.de/10011997418

Whatever it takes to save the planet? : central banks and unconventional green policy

Ferrari, Alessandro; Landi, Valerio Nispi - 2020

We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance sheet toward green bonds, i.e. bonds issued by firms in non-polluting sectors. To this purpose, we merge a standard DSGE framework with an environmental model. In our model,...

Persistent link: https://www.econbiz.de/10012384477

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