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Exchange rate volatility and choice of anchor currency : prospects for a Melanesian currency union
Lahari, Willie - 2011
hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis …
Persistent link: https://www.econbiz.de/10009409641
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The role of the Chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - 2010
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in …, East Asia and the world economy. Distortions originating in real exchange rate stabilization are identified and are argued …
Persistent link: https://www.econbiz.de/10009012482
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The role of the chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - 2011
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in …, East Asia and the world economy. Distortions originating in real exchange rate stabilization are identified and are argued …
Persistent link: https://www.econbiz.de/10010334486
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The Triffin dilemma again
Campanella, Edoardo - 2009
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double …
Persistent link: https://www.econbiz.de/10003905051
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The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar …
Persistent link: https://www.econbiz.de/10008648332
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Currency blocs in the 21st century
Fischer, Christoph - 2011
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/10009129843
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Currency Areas, Labor Markets, and Regional Cyclical Sensitivity
Russ, Katheryn Niles; Shambaugh, Jay C.; Singh, Sanjay R. - National Bureau of Economic Research - 2023
In his papers during the lead up to the birth of the European Monetary Union, Obstfeld considered whether the countries forming the EMU were sufficiently similar to survive a single monetary policy--and more importantly, whether they had the capacity to adjust to asymmetric shocks given a single...
Persistent link: https://www.econbiz.de/10014337753
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Uncovering changing relations in financial and monetary economics
Meller, Barbara - 2009
Persistent link: https://www.econbiz.de/10003909765
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The US as the "demander of last resort" and its implications on China's current account
Aizenman, Joshua; Jinjarak, Yothin - 2008
This paper evaluates the degree to which current account patterns are explained by the variables suggested by the literature, and reflects on possible future patterns. We start with panel regressions explaining the current account of 69 countries during 1981-2006. We identify an asymmetric...
Persistent link: https://www.econbiz.de/10003854765
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How do credit supply shocks propagate internationally? : A GVAR approach
Eickmeier, Sandra; Ng, Tim - 2011
We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...
Persistent link: https://www.econbiz.de/10009389753