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Wagner, Rainer - 1997 - Orig.-Ausg.

Persistent link: https://www.econbiz.de/10004328569

Exchange Rates in the Periphery and International Adjustment Under the Gold Standard

Catão, Luis; Solomou, Solomos - International Monetary Fund (IMF) - 2003

The role of exchange rate flexibility in the periphery of the gold standard has been grossly overlooked. This paper builds a new dataset on trade-weighed exchange rates for the period 1870-1913 and finds that large currency movements in periphery countries operating inconvertible paper-money and...

Persistent link: https://www.econbiz.de/10005769107

Exchange Rate Regime Choice in Historical Perspective

Bordo, Michael D. - International Monetary Fund (IMF) - 2003

In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the...

Persistent link: https://www.econbiz.de/10005599457

Exchange Rate Regimes and the Stability of the International Monetary System

Ghosh, Atish R.; Ostry, Jonathan David; Tsangarides, … - International Monetary Fund (IMF) - 2011

The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and...

Persistent link: https://www.econbiz.de/10010790495

The renminbi as an additional international reserve currency?

Liu, MIchael; Moshirian, Fariborz - In: Journal of Financial Perspectives 2 (2014) 3, pp. 21-31

that could contribute to the emergence of the Chinese currency (renminbi/ yuan) as an international currency. To this end … usage of the yuan. Finally, it examines the prerequisites of an international currency, and compares China’s structural …

Persistent link: https://www.econbiz.de/10011095517

China’s Dominance Hypothesis and the Emergence of a Tri-polar Global Currency System

Fratzscher, Marcel; Mehl, Arnaud - C.E.P.R. Discussion Papers - 2011

, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s" dominance hypothesis", i.e. whether the … renminbi is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the … that the RMB has become a key driver of currency movements in emerging Asia since the mid-2000s, and even more so since the …

Persistent link: https://www.econbiz.de/10009371469