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Persistent link: https://www.econbiz.de/10012806493
This paper studies the implication, in terms of welfare and monetary policy, of unequal degrees of competition across members of a currency area. We look at two ways in which the degree of competition in the market for goods can affect welfare in a currency area. One is through different average...
Persistent link: https://www.econbiz.de/10010295738
This paper reviews the current state of the so called Nordic welfare state, and the experiences of Denmark, Finland and Sweden in the 1990s in adjusting their public sectors to fiscal consolidation. The economic crises and structural changes of the 1990s are viewed as a part of adjustment to...
Persistent link: https://www.econbiz.de/10002610576
Persistent link: https://www.econbiz.de/10012991267
This paper studies the implication, in terms of welfare and monetary policy, of unequal degrees of competition across members of a currency area. We look at two ways in which the degree of competition in the market for goods can affect welfare in a currency area. One is through different average...
Persistent link: https://www.econbiz.de/10001693438
This paper studies the implication, in terms of welfare and monetary policy, of unequal degrees of competition across members of a currency area. We look at two ways in which the degree of competition in the market for goods can affect welfare in a currency area. One is through different average...
Persistent link: https://www.econbiz.de/10011431763
Persistent link: https://www.econbiz.de/10010472750
I study the pricing of American Depositary Receipts around FOMC meetings to identify the impact of US monetary policy on managed exchange rates. ADR investors assess the domestic central bank’s reluctance to maintain a currency peg regime if the costs of mimicking policy rate increases in the...
Persistent link: https://www.econbiz.de/10012265914
Persistent link: https://www.econbiz.de/10000330088
Persistent link: https://www.econbiz.de/10003589817