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Global macroeconomic cooperation and the exchange rate system
Ocampo Gaviria, José Antonio - 2016
This paper looks at historical and current frameworks to manage macroeconomic linkages among economies. It considers first the evolving nature of global payments imbalances. It then focuses on the mechanisms of macroeconomic dialogue and cooperation put in place at different times to guarantee...
Persistent link: https://www.econbiz.de/10011456125
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Financial Deepening and International Monetary Stability
Goyal, Rishi - 2019
Recent discussions at the IMF and the G-20 on strengthening the international monetary system have emphasized, among other efforts, increasing the financial depth of emerging markets. Such deepening is widely believed to confer important stability benefits, helping countries limit swings in...
Persistent link: https://www.econbiz.de/10012871908
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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
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Monetary policy reform in a World of Central Banks
Schnabl, Gunther - 2011
monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … world economy. The backlash of high government debt levels on monetary policy making is argued to have led to a hysteresis … of the liquidity trap. In this context, monetary reform is discussed with respect to the exit from low interest rate and …
Persistent link: https://www.econbiz.de/10009508892
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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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International monetary reform : a critical appraisal of some proposals
Pak, Yŏng-chŏl; Wyplosz, Charles - 2012
This paper reviews some of the current debates on the reform of the international monetary system. Despite its …
Persistent link: https://www.econbiz.de/10009551416
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Adapting the International Monetary System to Face 21st Century Challenges
Caliari, Aldo - 2012
Recent calls for more intense debate on and reforms to the international monetary system imply that the current system is unable to respond appropriately and adequately to challenges that have appeared, or become more acute, in recent years. This paper focuses on four such challenges: ensuring...
Persistent link: https://www.econbiz.de/10013101443
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The International Financial System after COVID-19
Obstfeld, Maurice - 2022
dozen years before. As economies around the world locked down in the face of the potentially deadly but completely novel …
Persistent link: https://www.econbiz.de/10013298189
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The quest for global monetary policy coordination
Bruni, Franco; Siaba Serrate, José; Villafranca, Antonio - 2018
This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that...
Persistent link: https://www.econbiz.de/10011885373