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Expectations and information in second generation currency crises models
Sbracia, Massimo; Zaghini, Andrea - Banca d'Italia - 2000
We explore the role of expectations in second generation currency crisis models, proving that sudden shifts in speculators' beliefs can trigger currency devaluations, even without any sizable worsening in the fundamentals. In our incomplete information game, mean-preserving changes in...
Persistent link: https://www.econbiz.de/10005113631
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The Role of the IMF in Addressing Climate Change Risks
Committeri, Marco; Brüggemann, Axel; Kosterink, Patrick; … - 2022
Climate change poses three specific but interrelated policy challenges: climate change mitigation, climate change adaptation (which includes building up resilience) and managing transition risks. The International Monetary Fund (IMF) is a multilateral institution with global reach and...
Persistent link: https://www.econbiz.de/10014238399
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Shoe-leather costs in the euro area and the foreign demand for euro banknotes
Calza, Alessandro; Zaghini, Andrea - 2015
We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …
Persistent link: https://www.econbiz.de/10011605869
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Welfare costs of inflation in the euro area
Calza, Alessandro; Zaghini, Andrea - In: The usage, costs and benefits of cash : theory and …, (pp. 221-237). 2012
Persistent link: https://www.econbiz.de/10009693457
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Shoe-leather costs in the euro area and the foreign demand for euro banknotes
Calza, Alessandro; Zaghini, Andrea - In: International journal of central banking : IJCB 12 (2016) 1, pp. 231-246
Persistent link: https://www.econbiz.de/10011489889
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Shoe-leather costs in the euro area and the foreign demand for euro banknotes
Calza, Alessandro; Zaghini, Andrea - 2015
Persistent link: https://www.econbiz.de/10011349882
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Shoe-leather costs in the euro area and the foreign demand for euro banknotes
Calza, Alessandro; Zaghini, Andrea - 2015
Persistent link: https://www.econbiz.de/10011721090
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Shoe-Leather Costs in the Euro Area and the Foreign Demand for Euro Banknotes
Calza, Alessandro - 2015
We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …
Persistent link: https://www.econbiz.de/10013019615
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Shoe-Leather Costs in the Euro Area and the Foreign Demand for Euro Banknotes
Calza, Alessandro - 2016
We estimate the shoe leather costs of inflation in the euro area by using monetary data adjusted for holdings of euro … that, despite the increased circulation of euro banknotes abroad, inflation tax is still predominantly borne by domestic … agents in the euro area, with transfers of resources from abroad remaining small …
Persistent link: https://www.econbiz.de/10012999060
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Shoe-leather costs in the euro area and the foreign demand for euro banknotes : 1824 / July 2015
Calza, Alessandro (contributor); Zaghini, Andrea (contributor) - European Central Bank - 2015
We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …
Persistent link: https://www.econbiz.de/10015298441