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Realignment Expectations and the Us Dollar, 1890-1897 : Was There a 'Peso Problem'?
Hallwood, C. Paul; MacDonald, Ronald; Marsh, Ian W. - 2001
We investigate dollar-sterling exchange rate expectations during the period 1890-1908. We show that the dollar faced a 'Peso problem' in that for much of the period financial markets expected it to depreciate against sterling, but this never in fact happened - i.e. expectations were persistently...
Persistent link: https://www.econbiz.de/10014141012
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Credibility of the Interwar Gold Standard, Uncertainty, and the Great Depression
Ferderer, J. Peter - 1999
were exported to other countries. This breakdown in cooperation resulted in the standard's loss of credibility, causing …
Persistent link: https://www.econbiz.de/10014208892
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Will You Buy My Peg? : The Credibility of a Fixed Exchange Rate Regime as a Determinant of Bilateral Trade
Fritz-Krockow, Bernhard - 2006
supports the argument that the credibility of an exchange rate peg is an important element to determine bilateral trade. There …
Persistent link: https://www.econbiz.de/10012783128
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The Credibility of the Venezuela Crawling-Band System
Campos, María Isabel; Torres, José L.; Villegas, Esmeralda - 2007
This paper studies the credibility of the Venezuela crawling-band exchange rate regime during the period July, 1996 … - February, 2002. We show that, introducing some modifications, the credibility analysis widely applied to target zone regimes … can also be used in studying the credibility of crawling-band regimes. In analyzing the credibility of the Venezuela …
Persistent link: https://www.econbiz.de/10014053405
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Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard
Mitchener, Kris James - 2010
We test whether fixed exchange rate regimes are ever credible in emerging markets by analyzing the behavior of short-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern financial history. We exploit the fact that global...
Persistent link: https://www.econbiz.de/10013150729
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Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard
Mitchener, Kris James - 2009
We test whether fixed exchange rate regimes are ever credible in emerging markets by analyzing the behavior of short-term domestic trade bills across countries during the classical gold standard period, the most widely used hard peg in modern financial history. We exploit the fact that global...
Persistent link: https://www.econbiz.de/10012463248
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On Money, Debt, Trust and Central Banking
Borio, Claudio E. V. - 2019
This essay examines in detail the properties of a well functioning monetary system - defined as money plus the mechanisms to execute payments - in both the short and long run, drawing on both theory and the lessons from history. It stresses the importance of trust and of the institutions needed...
Persistent link: https://www.econbiz.de/10012893451
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Detection of implicit fluctuation bands and their credibility in EU candidate countries
Sosvilla-Rivero, Simón; Ramos-Herrera, María del Carmen - In: Baltic journal of economics 15 (2015) 1, pp. 18-37
different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high … percentage of the sample is robust to the use of several credibility tests, suggesting that economic agents do not behave as if …
Persistent link: https://www.econbiz.de/10011890541
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On the Credibility of Currency Boards
Feuerstein, Switgard; Grimm, Oliver - 2004
The paper compares the credibility of currency boards and (standard) pegs. Abandoning a currency board requires a time …
Persistent link: https://www.econbiz.de/10010296385
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The Credibility of Exchange Rate Pegs and Bank Distress in Historical Perspective : Lessons from the National Banking Era
Fulford, Scott - 2013
in 1896, we construct a measure of the credibility of the gold standard spanning the entire sample period. Changes in …
Persistent link: https://www.econbiz.de/10013072957