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Euro-dollar creation: a mystery story
Machlup, Fritz - In: BNL Quarterly Review 23 (1970) 94, pp. 219-260
is the idea that Euro-dollar deposits are the result of multiple creation of credit by banks in a system of only …The article looks at the disparity of views among experts regarding the growth of the “Euro-dollar market … with banks in Europe. Some see the source of Euro-dollars in the deficit of the balance of payments of the United States …
Persistent link: https://www.econbiz.de/10010854320
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Euro-dollar creation: a mystery story
Machlup, Fritz - In: Banca Nazionale del Lavoro Quarterly Review 23 (1970) 94, pp. 219-260
is the idea that Euro-dollar deposits are the result of multiple creation of credit by banks in a system of only …The article looks at the disparity of views among experts regarding the growth of the “Euro-dollar market … with banks in Europe. Some see the source of Euro-dollars in the deficit of the balance of payments of the United States …
Persistent link: https://www.econbiz.de/10010752016
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
dollar with provision for meaningful Canadian input into policy decisions and supervision of the financial system - is not …
Persistent link: https://www.econbiz.de/10011541166
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Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
dollar with provision for meaningful Canadian input into policy decisions and supervision of the financial system - is not …
Persistent link: https://www.econbiz.de/10001703672
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The Euro, the Dollar and the Costs of Union : The USA & Eurozone
Caldararo, Niccolo Leo - 2016
The single currency of the Eurozone is experiencing difficulties due to a number of factors. One is the lack of integration of its banking sector, lack of a mechanism for debt consolidation and popular disincentives to a lack of equal burdens of the costs of union. This paper compares the...
Persistent link: https://www.econbiz.de/10012983689
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Financial Sector Development and Dollarization in Emerging Economies
Marcelin, Isaac - 2018
substantially higher than those on dollar assets. In such states of the world, banks prefer to lend to the government sector at … liabilities shift toward foreign currency, exacerbating downward pressure on the exchange rate. When central banks face pressures … these higher rates than to the private sector. Although private firms may benefit from lower rates on dollar loans, they …
Persistent link: https://www.econbiz.de/10012931238
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After 25 years as faithful members of the EU : public support for the euro and trust in the ECB in Austria, Finland and Sweden
Roth, Felix; Jonung, Lars - 2020
Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10012269193
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Tracking the Euro
Koen, Vincent; Boone, Laurence; Serres, Alain de; … - Economics Department, Organisation de Coopération et … - 2001
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations … empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over … view that towards the end of 2000, the euro was significantly undervalued ...<BR><P>Pendant les deux premières années de l …
Persistent link: https://www.econbiz.de/10005045928
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A Microfounded Approach to Dollarization and Government Policy
Madison, Florian - 2021
This paper develops a microfounded dynamic dual-currency model subject to commitment and bargaining frictions featuring endogenous acceptance of alternative currencies as a function of jointly-determined fiscal and monetary policy. Steady-state public expenditures, public debt, distortionary...
Persistent link: https://www.econbiz.de/10013237100
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An Australasian Currency, New Zealand Adopting the Us Dollar, or an Independent Monetary Policy?
Hall, Viv - 2010
Arguments for and against abandoning independent national currencies and monetary policies have varied considerably over time and by country. For New Zealand, it can be argued that a key driving force behind recent debates has been the conduct of monetary policy and the need for improved overall...
Persistent link: https://www.econbiz.de/10013149028