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Monetary-Labor Interactions, International Monetary Regimes, and Central Bank Conservatism

Cuciniello, Vincenzo - 2011

A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. The analysis shows that the unions'...

Persistent link: https://www.econbiz.de/10013134305

Economics of Intellectual Capital (6) : Global Reserve Assets as a Solution to the Monetary Trilemma under Intertemporal Trade

Ziesemann, Cyndia - 2023

The antecedent studies have designed new funding with the intellectual capital money (IKM) upon trading the intellectual capital (IK) to ensure unimpeded access to it and spur its generation and exploitation. This piece examines the static and dynamic behavior of IKM in an open economy. The...

Persistent link: https://www.econbiz.de/10014346507

Structural conditions for currency internationalisation : international finance and the survival constraint

Angrick, Stefan - 2018

This paper examines the relationship between currency internationalisation and economic structure. It argues that the hierarchical and asymmetric architecture of the international monetary system imposes a "survival constraint" upon non-centre countries that obliges them to generate net inflows...

Persistent link: https://www.econbiz.de/10011900309

A Model of the International Monetary System

Farhi, Emmanuel - 2016

We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets … denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve … instability of the system, as well as the common prediction regarding the natural and beneficial emergence of a multipolar world …

Persistent link: https://www.econbiz.de/10012993040

The theory of global imbalances : mainstream economics vs. structural Keynesianism

Palley, Thomas I. - 2014

Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances seem a significant problem. However, acknowledging that would question mainstream economics' celebratory stance toward globalization. That tension prompted an array of explanations...

Persistent link: https://www.econbiz.de/10010424306

Currency Blocs in the 21st Century

Fischer, Christoph A. - 2014

considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural …

Persistent link: https://www.econbiz.de/10013065251

Theories of International Currencies and the Future of the World Monetary Order

Chey, Hyoung-kyu - 2014

the world economic and political system by influencing the economic and political relationships among countries. This … prospects for the future of the US dollar as the world's key currency, addressing the likelihoods of further …

Persistent link: https://www.econbiz.de/10013066350

Financial Deepening and International Monetary Stability

Goyal, Rishi - 2019

Recent discussions at the IMF and the G-20 on strengthening the international monetary system have emphasized, among other efforts, increasing the financial depth of emerging markets. Such deepening is widely believed to confer important stability benefits, helping countries limit swings in...

Persistent link: https://www.econbiz.de/10012871908

Currency Blocs in the 21st Century

Fischer, Christoph A. - 2016

considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural …

Persistent link: https://www.econbiz.de/10012991038

Keynes and the International Monetary System : Time for a Tabular Standard?

Ussher, Leanne J. - 2018

This paper discusses the proposals for a tabular standard in the late 19th and early 20th century, as the gold standard unraveled. In particular, we focus on Keynes' use of the tabular standard in his own international monetary proposals and consider how sympathetic he was to this idea of...

Persistent link: https://www.econbiz.de/10012917860

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