The paper identifies based on the monetary overinvestment (malinvestment) theories by Wicksell (1898), Mises (1912) and Hayek (1929) monetary policy mistakes in large industrial countries issuing international currencies. It its argued that a benign neglect towards monetary policy reform in a...

In this paper, we use a dual currency Lagos-Wright model to explore the nature of optimal monetary policy under currency competition using different timing protocols. The central banks are utility maximizing players. To characterize equilibrium with reputation, we model the centralized market...

The paper identifies based on the monetary overinvestment theories by Wicksell (1898), Mises (1912) and Hayek (1929) monetary policy mistakes in large industrial countries issuing international currencies. It its argued that a neglect towards monetary policy reform in a world dominated by...

The aim of the paper is to present processes of currency competition in the contemporary economics. The problem is of special importance, because such a competition has recently intensified to a large degree, mainly due to significant changes in monetary systems around the world.

The aim of the paper is to present processes of currency competition in the contemporary economics. The problem is of special importance, because such a competition has recently intensified to a large degree, mainly due to significant changes in monetary systems around the world.

ILO pub-WEP pub. Working paper (conference paper) on interrelations among population growth, poverty and income distribution - discusses theoretical issues and models, based on international comparison, and using simulation economic models, presents an alternative approach to explain...

ILO pub-WEP pub. Working paper on basic needs policies in development planning, comprising an empirical case study of Sri Lanka - presents a theoretical framework and economic model for analysing resource allocation efficiency, including the effect on different socio- economic groups and...

ILO pub-WEP pub. Working paper describing the theoretical basis of the bachue-Yugoslavia demographic-economic model under construction for development policy simulation and regional planning - constitutes part of a WEP research project concerning population and employment. Diagrams, references...