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. In the other country, say Europe, the exchange rate change worsens inflation.This paper starts from the premise that … rate change is also good for Europe. Given the U.S. contraction, the European export sectors would suffer a …
Persistent link: https://www.econbiz.de/10012477992
. In the other country, say Europe, the exchange rate change worsens inflation.This paper starts from the premise that … rate change is also good for Europe. Given the U.S. contraction, the European export sectors would suffer a …
Persistent link: https://www.econbiz.de/10013308503
Written for a PIIE conference on the 50th anniversary of floating exchange rates, this paper deals with possible alternatives to a unipolar dollar-based system. It considers (1) measures of international currency use; (2) potential challengers to the dollar; (3) network externalities; and (4) the...
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