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Dollarization and Macroeconomic Stability in Latin America.

Castillo, Sofia - 2006

This paper examines if dollarization has had a positive impact on the macroeconomic stability of Latin American … countries. Dollarization refers to either the official or unofficial replacement of local currencies with the U.S. dollar …. Currently four Latin American countries are officially dollarized and the rest experience varying levels of unofficial …

Persistent link: https://www.econbiz.de/10009460846

Worth the price: Sarah as hero in John Updike's "S.".

Hilton, Bonita Clarice. - Florida Atlantic University

Sarah Price Worth is a hero in mythical and psychological terms. Her growth can be traced through her name changes within the novel: Sarah Price Worth/Kundalini/Rare Sarah. She leaves the Judeo-Christian belief system and enters an Eastern system in an ashram where yoga is practiced. Sarah's...

Persistent link: https://www.econbiz.de/10009431444

Essays on International Finance and Risk Sharing

Liu, Edith X. - 2010

The potential for economic agents to minimize risk through diversification is central to the study of finance. This dissertation analyzes the ability to diversify risks in an international context by studying risk sharing opportunities on two dimensions, consumption growth and portfolio wealth....

Persistent link: https://www.econbiz.de/10009439199

Marisetty, Vijaya B.; Ariff, Mohamed - 2010

Traditional time series or cross-sectional regression procedures yield mixed evidence on maintained hypotheses about the determinants of international equity returns. This paper re-examines how three theory-suggested factors affect equity returns and how the test results may differ between...

Persistent link: https://www.econbiz.de/10009441760

Culture and Finance in a Globalised World - An Uneasy Relation

Reszat, Beate - 2000

At the turn of the century, the role of culture in society is changing. One facet of this change is the relation between culture and finance. Globalisation has led to an increasing competition between financial centres worldwide and culture has become one determinant of competitiveness. But,...

Persistent link: https://www.econbiz.de/10009442352

The structural relationship between stock market returns and macroeconomic variables in international equity markets

Shafie, Abdul Ghani - 1991

This study is concerned with investigating the structural relationship between stockmarkets and economic variables in different countries. In investigating the relationships, the following six questions are posed:- Are stock markets in the United States, the United Kingdom, West Germany, France,...

Persistent link: https://www.econbiz.de/10009465800

The Dissolution of the Bretton Woods System Evidence from the Nixon Tapes August – December 1971

Ohlmacher, Scott W. - 2009

rebuild the internationalmonetary system. From 1946 until August 15, 1971, major currencies were fixed tothe US dollar, and … the dollar was, at the same time, convertible to gold at the rate of$35 per ounce. On August 15, 1971, without consulting … the leaders of the rest of theworld, Richard Nixon made the decision to end convertibility of the dollar into goldand …

Persistent link: https://www.econbiz.de/10009467366

Bretton Woods 1.0: An Essay in Constructive Retrieval

Hockett, Robert C - 2011

chronic, uncontrolled, and apparently uncontrollable tendencies toward excess credit-money in the American financial economy …

Persistent link: https://www.econbiz.de/10009467535

The Status of the Basel III Capital Adequacy Accord

Eubanks, Walter W. - 2010

The new Basel Capital Adequacy Accord (Basel III) is an agreement among countries' central banks and bank supervisory authorities on the amount of capital banks must hold as a cushion against losses and insolvency. Basel III is of concern to Congress mainly because it could put U.S. financial...

Persistent link: https://www.econbiz.de/10009474996

China's Currency: Economic Issues and Options for U.S. Trade Policy

Morrison, Wayne M; Labonte, Marc; Foreign Affairs, Defense - 2006

When the U.S. runs a trade deficit with the Chinese, this requires a capital inflow from China to the United States. This, in turn, lowers U.S. interest rates and increases U.S. investment spending. On the negative side, lower priced goods from China may hurt U.S. industries that compete with...

Persistent link: https://www.econbiz.de/10009475106