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Persistent link: https://www.econbiz.de/10008729175
that the dollar is used as a dominant invoicing currency for the PRC's exports to Japan. After controlling the currency …
Persistent link: https://www.econbiz.de/10003983426
the short- and long-term perspectives. Thus, it is worth diversifying between these two currency groups. …
Persistent link: https://www.econbiz.de/10011796561
dollar is used as a dominant invoicing currency for the PRC's exports to Japan. After controlling the currency invoicing …
Persistent link: https://www.econbiz.de/10013143105
's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three … new monetary system. The US and Europe should consider to adopt the same currency through a system of fixed exchange rates … (global currency). This currency should perform its duty of anchor of the system, reducing global imbalances and gyrations in …
Persistent link: https://www.econbiz.de/10008648332
, leaving scope for privatespeculators to support their preferred currency. From the viewpoint of the game theoretic equilibrium …
Persistent link: https://www.econbiz.de/10003612858
The paper provides a measure of exchange rate anchoring behaviour across 149 emerging market and developing economies for the 1980-2010 period. An extension of the Frankel and Wei (2008) methodology is used to determine whether exchange rates are pegged or floating, and in the case of pegs, to...
Persistent link: https://www.econbiz.de/10009160000
This paper investigates an appropriate choice of anchor currency for a proposed Melanesian currency union under various … hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis … focuses on the effects of a currency union on exchange rate volatility following similar approach by Scrimgeour (2002 …
Persistent link: https://www.econbiz.de/10009409641
results are especially strong when episodes are distinguished by the intervention currency, the form of intervention (sales or …
Persistent link: https://www.econbiz.de/10011536325
The paper provides a measure of exchange rate anchoring behavior across 149 emerging market and developing economies for the 1980-2010 period. An extension of the Frankel and Wei (2008) methodology is used to determine whether exchange rates are pegged or floating, and in the case of pegs, to...
Persistent link: https://www.econbiz.de/10013124257