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Un primer balance del "Resilience and Sustainability Trust" del FMI como canal de utilización de los derechos especiales de giro
Serra, Xavier; Gallego, Sonsoles
This document provides a preliminary assessment of the Resilience and Sustainability Trust (RST) based on the experience gained since its launch in October 2022 until the end of September 2023. Among other aspects, the paper analyses the main characteristics of the RST, its resources and the...
Persistent link: https://www.econbiz.de/10014464724
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An initial stocktake of the IMF’s Resilience and Sustainability Trust as a channel for using special draweing rights
Serra, Xavier; Gallego, Sonsoles
En este documento se realiza un balance preliminar del Resilience and Sustainability Trust (RST) a partir de la experiencia adquirida desde su puesta en funcionamiento en octubre de 2022 hasta el final de septiembre de 2023. En él se analizan, entre otras cuestiones, las principales...
Persistent link: https://www.econbiz.de/10014520298
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Die Bedeutung der hollowing-out Hypothese vor dem Hintergrund einer polit-ökonomischen Analyse der Wechselkursregimewahl
Pfeifer, Günther - 2005
Die hollowing-out Hypothese, auch bekannt unter den Bezeichnungen (two) corner solutions oder bipolar view, besagt, dass für Staaten mit weitgehend ungehindertem Kapitalverkehr nur Ecklösungen, also entweder extrem feste oder sehr flexible Wechselkursregime, langfristig tragbar sind. Mitte der...
Persistent link: https://www.econbiz.de/10009451145
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Degree of Openness and the Choice of Exchange Rate Regimes: A Re-Evaluation with Value-Added Based Openness Measures
Wang, Lars - 2005
The concept of trade openness is broadly applied as a potential predictor in numerous empirical studies, despite the fact that no commonly accepted approach of measuring openness has been developed. The most widely applied (‘traditional’) openness indices are not able to accurately calculate...
Persistent link: https://www.econbiz.de/10009451196
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Social Models, Growth and the International Monetary System: Implications for Europe and the United States
Costabile, Lilia; Scazzieri, Roberto - 2006
This paper explores the relationship between economic growth and the welfare state. We argue that: (i) the institutional constraints set by the international monetary system may be at least as effective determinants of growth differentials between countries as the different dimensions of their...
Persistent link: https://www.econbiz.de/10009468222
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Los swaps de divisas entre bancos centrales
Esteban García-Escudero, Enrique; Sánchez Pérez, Elisa J.
El dólar continúa desempeñando un papel central en el comercio y los mercados financieros internacionales. La dependencia de los mercados mayoristas de corto plazo (repos, papel comercial, certificados de depósito, swaps) para obtener financiación en dólares hace especialmente vulnerables...
Persistent link: https://www.econbiz.de/10012525194
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Central bank currency swap lines
Esteban García-Escudero, Enrique; Sánchez Pérez, Elisa J. - 2020
El dólar continúa desempeñando un papel central en el comercio y los mercados financieros internacionales. La dependencia de los mercados mayoristas de corto plazo (repos, papel comercial, certificados de depósito, swaps) para obtener financiación en dólares hace especialmente vulnerables...
Persistent link: https://www.econbiz.de/10012525197