Similar Search Results

Model-free measurement of exchange market pressure

Klaassen, Franc; Jager, Henk - 2006

If there is exchange market pressure (EMP), monetary authorities can use the interest rate and official interventions to offset this depreciation tendency, or they can let the exchange rate change. We introduce a new approach to derive how these three variables should be combined to measure EMP....

Persistent link: https://www.econbiz.de/10011350376

Solving Global Financial Imbalances : A Plan for a World Financial Authority

Mirandola, Carlos Mauricio - 2013

This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a … effective, regaining traction and preventing contagion. A central instrument to this end is the creation of the World Financial …

Persistent link: https://www.econbiz.de/10013095450

Hard pegs versus intermediate currency arrangements in the Pacific

Helble, Matthias; Prasetyo, Ahmad; Yoshino, Naoyuki - 2015

The 14 Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) have opted for very different exchange rate regimes with varying degrees of flexibility. Whereas several microstates have adopted an external currency as their legal tender, others have decided to use a basket...

Persistent link: https://www.econbiz.de/10010509433

Monetary and Exchange Rate Arrangements for NAFTA

Bayoumi, Tamim - 2006

This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in place. Most of the anticipated benefits from a...

Persistent link: https://www.econbiz.de/10012781768

The Single Global Currency - Common Cents for the World (2007 Edition)

Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007

This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book … in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number … describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world …

Persistent link: https://www.econbiz.de/10005621973

Managed Floating : Understanding the New International Monetary Order

Bofinger, Peter; Wollmershaeuser, Timo - 2001

Although there seems to be a broad consensus among economists that purely floating or completely fixed exchange rates (the so-called corner solutions) are the only viable alternatives of exchange rate management, many countries do not behave according to this paradigm and adopt a strategy within...

Persistent link: https://www.econbiz.de/10014129040

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

The future of the international exchange rate system

Schäfer, Wolf - 2010 - March 2010

way back to Bretton Woods or to any similar system based on only one single world anchor currency. -- Exchange rate …

Persistent link: https://www.econbiz.de/10003939536

Exchange rate anchoring : is there still a de facto US dollar standard?

Bracke, Thierry; Bunda, Irina - 2011

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

A brief history of the international monetary system since Bretton Woods

Ocampo Gaviria, José Antonio - 2016

This paper provides a historical background to contemporary debates on the international monetary system: their genesis, similarities, and differences of problems it has faced at different times. It looks sequentially at the design of the Bretton Woods system; the tensions it faced since the...

Persistent link: https://www.econbiz.de/10011532296