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THE EVOLUTION OF CURRENCY RELATIONS IN THE LIGHT OF MAJOR EXCHANGE RATE ADJUSTMENT THEORIES
TKACH, Sergiy - 2014
This paper examines the impact of major exchange rate adjustment theories on the global monetary system. The reasons of the previous organization forms of monetary relations collapse at the global level are defined. The main achievements and failures of major exchange rate theories are described.
Persistent link: https://www.econbiz.de/10011316197
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The role of cryptoassets as legal tender: the example of El Salvador
Gorjón Rivas, Sergio
Artículo de revista ; On 7 September 2021, El Salvador became the first jurisdiction to adopt bitcoin as legal tender. This initiative has raised as much enthusiasm as it has scepticism and potentially opens the door for other countries to follow suit. The initiative is underpinned by a law...
Persistent link: https://www.econbiz.de/10012648904
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Wholesale financial markets and digital currencies: making headway in the tokenisation of central bank money
Gorjón Rivas, Sergio
Artículo de revista ; The interest taken by central banks, and by society at large, in central bank digital currencies (CBDCs) has grown notably in recent years. Although the greatest efforts have focused on studying and experimenting on a new class of monetary liability with universal access...
Persistent link: https://www.econbiz.de/10013342627
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Fiscal expansions under flexible exchange rates and in a monetary union: the interplay of biased preferences and pricing-to-market
Pitterle, Ingo - 2005
Wechselkurssystem sowie in einer Währungsunion untersucht. Im Anschluss an eine getrennte Analyse der beiden Wechselkursssysteme wird … fiskalpolitischen Expansion kommt - eine Währungsunion gegenüber einem flexiblen Wechselkurssystem bevorzugen, unabhängig davon, ob die …-Switching- und Terms-of-Trade-Effekte zurückführen, die ausschließlich bei einem flexiblen Wechselkurssystem auftreten. Aufgrund der …
Persistent link: https://www.econbiz.de/10009475325
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Exchange Rate Regime and Financing Policies of the Corporate Sector in Small Open Economies.
Berrospide, Jose M. - 2007
This dissertation studies the relationship between exchange rate regimes and financing decisions of corporations in small open economies with access to international capital markets.The first essay develops a model of the choice between local and foreign currency debt by capital-constrained...
Persistent link: https://www.econbiz.de/10009477298
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Modeling International Asset Markets
Alquist, Ron - 2008
The three papers that comprise my dissertation study international asset markets. The first paper “What Do We Learn from the Price of Crude Oil Futures?” shows that, despite their widespread use, oil futures prices are less accurate in the mean-squared error sense than no-change forecasts....
Persistent link: https://www.econbiz.de/10009477330
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CAPITAL ACCOUNT LIBERALIZATION AND EXCHANGE RATE REGIME CHOICE, WHAT SCOPE FOR FLEXIBILITY IN TUNISIA?
Sami, Ben Ali Mohamed - 2006
Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study evaluates within a game-theoretic framework the exchange rate regime from a welfare perspective. In a tradable-nontradable goods model framework, Tunisia’s exchange rate regime...
Persistent link: https://www.econbiz.de/10009477444
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Exchange Rate Regimes and Volatility: Comparison of the Snake and Visegrad
Valachy, Juraj; Ko?enda, Evžen - 2003
Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a selected group of European Union countries (the...
Persistent link: https://www.econbiz.de/10009477538
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HOME CURRENCY PEGGED INTO EURO – POSSIBLE SOLUTION FOR ROMANIAN’S ECONOMY
Mosteanu, Narcisa Roxana - 2017
The stable exchange rate is very important in international trade. This paper aims to show how exchange rate facilitates the economic growth and all economic conditions of a country, within the time 2008 – 2016. This paper is aimed to be unique because will study the effect of exchange rate on...
Persistent link: https://www.econbiz.de/10011716413