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Riding the wave: monetary responses to aid surges in low-income countries
Buffie, Edward; Adam, Christopher S.; O'Connell, Stephen; … - 2006
We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can...
Persistent link: https://www.econbiz.de/10009441501
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Currency Substitution and the Demand for Money in Five European Union Countries
Yildirim, Julide - 2003
The high degree of economic integration has led to an increased degree of currency substitution in the EU countries, which could bring instability in national money demand functions while an EU-wide money demand function could be more stable. Currency substitution usually takes the form of cross...
Persistent link: https://www.econbiz.de/10009445695
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Reserve Requirements, Currency Substitution, and Seigniorage in the Transition to European Monetary Union
Daniels, Joseph; Van Hoose, David - 1996
This article considers a transition toward European monetary union that combines increased substitution of currencies and greater monetary, financial, and fiscal policy coordination. It explores how such a transition would affect national inflation and interest rates and required reserve ratios...
Persistent link: https://www.econbiz.de/10009484470
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Euro ir JAV dolerio santykis: dinamika, jos priežastys, perspektyvų vertinimas
Zatorskis, Marijus - 2011
, the interest rate parity, the purchasing power parity, the asset market model and the reflectivity theory. Also the … world economy. Risk perception depends on the GDP growth. If the world GDP was growing – the euro became stronger, if the … world economy was slugging – the dollar became stronger. The US dollar has a safe currency status. Based on the research …
Persistent link: https://www.econbiz.de/10009479209
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An alternative approach to international finance: China's official reserve accumulation
Deer, Luke Damien - 2010
relations. It does this by augmenting a theory of international financial intermediation — understood as a socially determined …
Persistent link: https://www.econbiz.de/10009480029
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Is the USA's Current Account Sustainable?
Bubla, Florian - 2003
The extraordinary height of the U.S. current account deficits in the 90s gave rise to concern, a variety of papers and political recommendationsrevealing the very contrary opinions of economists on the subject.From this alarming evolution, the question of sustainability of such a...
Persistent link: https://www.econbiz.de/10009471805
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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
risk. Consistent with corporate hedging theory, the case study finds that hedging contributes to smooth companies' earning …
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