Showing 111 - 120 of 265,180
We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi trading during this period is different from the one between 2013 and 2016. The geographical diffusion process displayed in the 2016-2019 period, in addition to the previously...
Persistent link: https://www.econbiz.de/10012234514
Persistent link: https://www.econbiz.de/10013420824
the world earning a positive net investment income. To rationalize this phenomenon, I propose a different theory about the … dollar exchange rate. In the model, world financial intermediaries demand US safe assets for their convenience value, but US … intermediaries do not demand foreign safe assets. Under an aggregate symmetric financial shock, the rest of the world buys more safe …
Persistent link: https://www.econbiz.de/10013475535
Persistent link: https://www.econbiz.de/10013480894
Persistent link: https://www.econbiz.de/10013493694
Persistent link: https://www.econbiz.de/10014469023
Persistent link: https://www.econbiz.de/10013379290
Persistent link: https://www.econbiz.de/10014364282
Persistent link: https://www.econbiz.de/10001436298
This paper outlines legal developments related to floating currencies, gold, and special drawing rights (SDRs) in the IMF. The Articles of the Fund require each member to establish a par value for its currency in terms of gold as a common denominator. Alternatively, the par value may be...
Persistent link: https://www.econbiz.de/10014394398