Showing 1 - 10 of 9,744
Persistent link: https://www.econbiz.de/10011695619
Persistent link: https://www.econbiz.de/10011695633
Persistent link: https://www.econbiz.de/10011695634
Persistent link: https://www.econbiz.de/10011695635
Persistent link: https://www.econbiz.de/10011695630
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...
Persistent link: https://www.econbiz.de/10011604640
The 'currency war', as it has become known, has three aspects: 1) the inflexible pegs of undervalued currencies; 2) recent attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should primarily be concerned about the first issue, which...
Persistent link: https://www.econbiz.de/10010494451
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i) internationalization of the currency; (ii) currency convertibility; and (iii) reserve currency status. Their sequencing in relation to other policy goals such as financial sector...
Persistent link: https://www.econbiz.de/10010282485
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
recent opposite views on the appropriateness of a common world currency for this purpose. Referring to an adequately … formulated theory of world money, it is shown that there is presently no alternative to a flexible exchange rate system. This … system might, under specific conditions, gradually evolve into a world monetary system with a global currency. Developing …
Persistent link: https://www.econbiz.de/10010295490