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Persistent link: https://www.econbiz.de/10014080112
accompanied by an increase in the shares of the pound sterling, yen and euro, other long-standing reserve currencies and units …
Persistent link: https://www.econbiz.de/10013292745
This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in place. Most of the anticipated benefits from a...
Persistent link: https://www.econbiz.de/10012781768
Specialists in international finance have long been impressed by the fragility of currency pegs. Yet Danmarks Nationalbank has been able to maintain the krone's peg to the euro since the euro came into existence in 1999, and the krone's peg to the Deutschmark and SDR for 17 years before that....
Persistent link: https://www.econbiz.de/10014231829
Persistent link: https://www.econbiz.de/10003526965
two decades of pegging at 360 yen, Japan decoupled from the dollar on August 1971 and then repegged at a revalued rate of … 308 yen. After stabilizing the exchange rate at this new level for about a year, greater flexibility was introduced. This … to recent Chinese policy initiatives.We analyze the impact of Japan's exit from its peg on exports and investment. The …
Persistent link: https://www.econbiz.de/10013324585
two decades of pegging at 360 yen, Japan decoupled from the dollar on August 1971 and then repegged at a revalued rate of … 308 yen. After stabilizing the exchange rate at this new level for about a year, greater flexibility was introduced. This …We analyze the impact of Japan's exit from its peg on exports and investment. The results point to sizeable effects of …
Persistent link: https://www.econbiz.de/10012467052
Persistent link: https://www.econbiz.de/10009551835
Persistent link: https://www.econbiz.de/10013440125
The dollar fell by 10 per cent between its March 2020 high and the end of the calendar year, and many banks and forecasters expect it to fall further, by as much as 35 per cent in 2021. Dollar skeptics cite the end of safe-haven flows following the approval of COVID vaccines, the Federal...
Persistent link: https://www.econbiz.de/10013239235