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future of the world monetary system. The gold standard, the Keynes Plan and the White Plan are identified as the most … favourable experience made so far with the euro may be utilised for monetary integration in other parts of the world. The … furthers the idea of developing a single world currency. …
Persistent link: https://www.econbiz.de/10011435241
-silver exchange rate in world markets were accused to lead to brutal and unsustainable switches of bimetallic countries' money …
Persistent link: https://www.econbiz.de/10010316773
The stability of the international financial system is in doubt. Analysis of the system has focused mainly on the sustainability of financing the American trade deficit and has failed to understand the microeconomics of transactions within the system. According to this brief by Thomas I. Palley,...
Persistent link: https://www.econbiz.de/10010280354
long-term evolution of the balance of economic weight in the world economy. Such an evolution may mitigate some flaws of …
Persistent link: https://www.econbiz.de/10010317294
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'convertibility principle', was the prevailing pattern in the world economy. According to this principle, the fiscal regime is …
Persistent link: https://www.econbiz.de/10010281355
This paper analyzes the short-term effects of foreign capital flows on aggregate demand in Mexico: their magnitude, transmission channels, and the possible influence of the country’s choice of exchange rate regime. The study is motivated by the introduction of a floating system in December...
Persistent link: https://www.econbiz.de/10010284871
We investigate monetary-policy autonomy under different exchange-rate regimes in small, open European economies during the 1980s and 1990s. We find no systematic link between ex post monetary-policy autonomy and exchange rate regimes. This result is enforced for countries/periods with...
Persistent link: https://www.econbiz.de/10010320157