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This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book … currency areas to trade. That system has become far more sophisticated in the meantime and handles $3.2 trillion per day; but … it is very expensive and risky. It is now time to replace that system with a single global currency. In a 3-G world with …
Persistent link: https://www.econbiz.de/10005621973
Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and … people of different currency areas to trade. That system has become far more sophisticated in the meantime and handles $3 ….8 trillion per day; but it is very expensive and risky. It is now time to replace that system with a single global currency. In a …
Persistent link: https://www.econbiz.de/10005835646
This is the only book in print in the world about the single global currency, and is the only book in the world priced … enable people of different currency areas to trade. That system has become far more sophisticated in the meantime and handles … currency. In a 3-G world with a single global currency managed by a global central bank within a global monetary union …
Persistent link: https://www.econbiz.de/10005787163
The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international reserves scaled by the monetary base and nominal exchange rate appreciation.Domestic credit, the...
Persistent link: https://www.econbiz.de/10008543092
This paper uses three methods to assess movements of real exchange rates in the ECCU over time. First, the purchasing power parity hypothesis is tested and then used to provide a benchmark for equilibrium real exchange rates in the region. Second, a fundamentals-based equilibrium real exchange...
Persistent link: https://www.econbiz.de/10004999972
We re-examine the monetary approach to the exchange rate from a number of perspectives, using monthly data on the deutschemark-dollar exchange rate. Using the Campbell-Shiller technique for testing present value models, we reject the restrictions imposed upon the data by the forward-looking...
Persistent link: https://www.econbiz.de/10005263652
"consistency" test of Cheung and Chinn (1998). Overall, model/specification/currency combinations that work well in one period do …
Persistent link: https://www.econbiz.de/10005263978
This paper focuses on assessments of real exchange rates using PPP data and examines their limitations when these are based exclusively on bivariate estimations. It begins by presenting an analytical framework of the real exchange rate that shows that these estimations make many restrictive...
Persistent link: https://www.econbiz.de/10005825611
This paper provides a selective overview of nonlinear exchange rate models recently proposed in the literature and assesses their contribution to understanding exchange rate behavior. Two key questions are examined. The first question is whether nonlinear autoregressive models of real exchange...
Persistent link: https://www.econbiz.de/10005825647
This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was...
Persistent link: https://www.econbiz.de/10005825670