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Nous analysons les effets de la coordination et de la coopération internationales sur le déclenchement et ta contagion des crises de change, dans le cadre d'un modèle à trois pays bâti sur l'approche « clause de sortie » des systèmes de changes fixes. Nous montrons que la coordination...
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We analyse the effect of trade spillovers and of international coordination on currency crises. To do this, we present a model that builds on two separate literatures: the literature on international monetary cooperation on the one hand, and the literature on currency crises, or more precisely...
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We analyse the effects of international coordination and cooperation on the trigger action and the contagion of currency crises, in a three-country model built on the ?escape clause? approach of fixed exchange rate systems. We show that coordination decreases the possibility of self-fulfilling...
Persistent link: https://www.econbiz.de/10008578773
The round-table discussion at a conference co-organised by the Banque de France addresses the similarities and disparities between the European Central Bank and the Federal Reserve System in terms of monetary policy reactivity, objectives and strategy.
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The fifth international symposium of the Banque de France addressed the effects of globalisation on inflation and the recent financial turmoil, and the potential implications for the conduct of monetary policy.
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The New Keynesian reference framework highlights the role played by expectations in the transmission of monetary policy. The article presents the main credibility problems that are likely to arise, illustrated by the experience of various central banks.
Persistent link: https://www.econbiz.de/10009283342