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Australian dollar, Japanese yen, euro, US dollar and Chinese renminbi. Utilizing a recently developed test procedure which … debated emergence of a yen bloc, euro bloc, or koala bloc. The empirical evidence brought forward in this paper suggests that …
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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double role of national and international currency. This is what I call the Triffin dilemma, an ever green concept in international finance. In the paper I show how it works through...
Persistent link: https://www.econbiz.de/10003905051
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation …, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely … peg to the dollar. Since 1980, economic integration among Japan's neighbors - China, Hong Kong, Indonesia, Korea, Malaysia …
Persistent link: https://www.econbiz.de/10012729281
Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation …, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely … peg to the dollar. Since 1980, economic integration among Japan's neighbours - China, Hong Kong, Indonesia, Korea …
Persistent link: https://www.econbiz.de/10014075471