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Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.
Persistent link: https://www.econbiz.de/10009395288
Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.
Persistent link: https://www.econbiz.de/10010725013
President Pianalto discusses the characteristics of international reserve currencies and the benefits that a country - or a region such as the Eurozone - can enjoy if its currency fulfills that role. She concludes with comments on why global currency competition provides an incentive for central...
Persistent link: https://www.econbiz.de/10010725726
delivered a currency that retains its purchasing power at least as well as the dollar, there are at least three reasons why the … euro is unlikely to displace the dollar as the dominant international currency in the near term. First, the growth …
Persistent link: https://www.econbiz.de/10010726043
Facing a shortage of U.S. dollars and a growing need to support their dollar-denominated assets during the financial … analysis of the ensuing strains in the swap market shows that the dollar "basis"--the premium international institutions pay … for dollar funding--became persistently large and positive, chiefly as a result of the higher funding costs paid by …
Persistent link: https://www.econbiz.de/10008627105
delivered a currency that retains its purchasing power at least as well as the dollar, there are at least three reasons why the … euro is unlikely to displace the dollar as the dominant international currency in the near term. First, the growth …
Persistent link: https://www.econbiz.de/10008475885
Through the post-World War II period, the U.S. dollar has been the leading currency used in international trade and … debt contracts. With the creation of the euro, the dollar may finally face a challenge to its dominance in international … markets. This article examines the likely effects of the euro on the international use of the dollar. Moreover, the article …
Persistent link: https://www.econbiz.de/10005415223
President Pianalto discusses the characteristics of international reserve currencies and the benefits that a country - or a region such as the Eurozone - can enjoy if its currency fulfills that role. She concludes with comments on why global currency competition provides an incentive for central...
Persistent link: https://www.econbiz.de/10005721793
This thesis examines exchange rate exposure of 30 U.S. industries between 1974 and 2008 using traditional and orthogonalized linear models. Similar to the literature, when using traditional linear model we find that exposure is very time dependent and often insignificant. However, we discover...
Persistent link: https://www.econbiz.de/10009475845
Persistent link: https://www.econbiz.de/10012136116