Showing 51 - 60 of 655
We use time-series methods to estimate a simple aggregate-supply aggregate-demand model in order to analyze the comparative performance of fixed- and flexible-exchange-rate systems and test competing hypotheses designed to explain shifts between exchange-rate regimes. The paper provides a...
Persistent link: https://www.econbiz.de/10012474799
This paper contrasts two views of international currency status: an “old view” in which network increasing returns are sufficiently strong that one currency dominates international markets at any point in time, versus a “new view” in which networks are open and several international...
Persistent link: https://www.econbiz.de/10013026009
Persistent link: https://www.econbiz.de/10012302089
in the early 1990s, and the ensuing Mexican, South American, and Asian crises—have played a central role in world affairs … NBER will serve as a useful basis for further debate on the theory and practice of speculative attacks, as well as a …
Persistent link: https://www.econbiz.de/10014488240
There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid … economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically … emerge as significant factors affecting world trade. This volume contains thirteen papers that analyze the tensions between …
Persistent link: https://www.econbiz.de/10014488245
twentieth century absent the Great Depression, but present the major post-Depression political and economic upheavals: World War …
Persistent link: https://www.econbiz.de/10014073668
This paper is concerned with the fact that the incidence of speculative attacks tends to be temporally correlated; that is, currency crises appear to pass contagiously from one country to another. The paper provides a survey of the theoretical literature, and analyzes the contagious nature of...
Persistent link: https://www.econbiz.de/10014076135
Persistent link: https://www.econbiz.de/10013421661
Persistent link: https://www.econbiz.de/10013422238
Persistent link: https://www.econbiz.de/10013422339