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Author : W. M. Scammell
Publisher : Unknown
Page : 184 pages
File Size : 52,9 Mb
Release : 1987
Category : Foreign exchange
ISBN : UCAL:B4432075
Author : Mr.Tamim Bayoumi,Mr.Barry J. Eichengreen
Publisher : International Monetary Fund
Page : 32 pages
File Size : 52,8 Mb
Release : 1995-09-01
Category : Business & Economics
ISBN : 9781451851243
This paper examines some popular explanations for the smooth operation of the pre-1914 gold standard. We find that the rapid adjustment of economies to underlying disturbances played an important role in stabilizing output and employment under the gold standard system, but no evidence that this success also reflected relatively small underlying disturbances. Finally, the paper also suggests an explanation for the evolution of the international monetary system based on growing nominal inertia over time.
Author : Mr.Atish R. Ghosh,Mr.Jonathan David Ostry,Mr.Charalambos G. Tsangarides
Publisher : International Monetary Fund
Page : 48 pages
File Size : 54,6 Mb
Release : 2011-03-15
Category : Business & Economics
ISBN : 9781589069312
The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and capital, and to sustain sound economic growth. The paper reviews the stability of the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external adjustment, trade integration, capital flows); and potential sources of stress to the international monetary system.
Author : Michael Bordo,John Taylor
Publisher : Hoover Press
Page : 200 pages
File Size : 43,9 Mb
Release : 2017-04-01
Category : Business & Economics
ISBN : 9780817920562
Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economies. There have been significant differences in the timing and pace of these actions. These independent monetary policy actions have had significant spillover effects on the economies and monetary policy strategies of other advanced countries. In addition the monetary policy actions and interventions of the advanced countries have had a significant impact on the emerging market economies leading to the charge of 'currency wars.' The perceived negative consequences of spillovers from the actions of national central banks has led to calls for international monetary policy coordination. The arguments for coordination based on game theory are the same today as back in the 1980s, which led to accords which required that participant countries follow policies to improve global welfare at the expense of domestic fundamentals. This led to disastrous consequences. An alternative approach to the international spillovers of national monetary policy actions is to view them as deviations from rules based monetary policy.
Author : Robert Triffin
Publisher : Unknown
Page : 104 pages
File Size : 40,8 Mb
Release : 1964
Category : Business & Economics
ISBN : UOM:49015001169599
Author : Lucía Satragno
Publisher : BRILL
Page : 225 pages
File Size : 44,5 Mb
Release : 2022-02-28
Category : Law
ISBN : 9789004508736
The open access publication of this book has been published with the support of the Swiss National Science Foundation. In Monetary Stability as a Common Concern in International Law, Lucía Satragno argues that monetary stability is a global public good that must be promoted and protected at all levels of governance. In doing so, the book accomplishes two tasks. On one hand, it provides an up to date analysis of the role of law and institutions in the international monetary field since the collapse of the Bretton Woods system. On the other hand, it applies the methodological approach proposed by the novel doctrine of Common Concern of Humankind to monetary stability as a case study. Accordingly, the book examines not only the status quo of the international monetary system, but also looks at the ‘new and different realism’ that would be envisaged in monetary affairs in the case of a fully-fledged principle of Common Concern.
Author : Tamim Bayoumi
Publisher : Unknown
Page : 32 pages
File Size : 55,8 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213875
This paper examines some popular explanations for the smooth operation of the pre-1914 gold standard. We find that the rapid adjustment of economies to underlying disturbances played an important role in stabilizing output and employment under the gold standard system, but no evidence that this success also reflected relatively small underlying disturbances. Finally, the paper also suggests an explanation for the evolution of the international monetary system based on growing nominal inertia over time.
Author : Yoshio Suzuki,Junʼichi Miyake,Mitsuaki Okabe
Publisher : Unknown
Page : 360 pages
File Size : 48,5 Mb
Release : 1990
Category : Foreign exchange
ISBN : UOM:39015019825846
Author : Barry J. Eichengreen,Nathan Sussman
Publisher : International Monetary Fund
Page : 62 pages
File Size : 44,8 Mb
Release : 2000-03
Category : Business & Economics
ISBN : UCSD:31822028585719
This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and domestic objectives over the cycle, which has been a source of significant tension in the industrial core through much of this century, is now becoming a significant issue for developing countries. Finally, recent developments represent a return to the more market-driven international monetary system that characterized the better part of the preceeding millennium.
Author : Barry Eichengreen
Publisher : Cambridge University Press
Page : 356 pages
File Size : 41,6 Mb
Release : 1990
Category : Business & Economics
ISBN : 0521448476
A new interpretation of the operation and macroeconomic repercussions of the international monetary system during the interwar years.
Author : Robert A. Mundell,Armand Clesse
Publisher : Springer Science & Business Media
Page : 460 pages
File Size : 46,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461544579
The introduction of the euro was an important event for the world economy and the international political system. For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.
Author : Julie McKay,Ulrich Volz,Regine Wölfinger
Publisher : Unknown
Page : 34 pages
File Size : 50,7 Mb
Release : 2010
Category : Economic assistance
ISBN : 3889855210
Author : Michele Fratianni,Dominick Salvatore,Paolo Savona
Publisher : Springer Science & Business Media
Page : 348 pages
File Size : 40,9 Mb
Release : 2013-06-29
Category : Business & Economics
ISBN : 9781475754506
Approximately two years ago, the Guido Carli Association charged a group of distinguished economists with studying various aspects of the international monetary system and proposing ways to improve it. The studies were presented at a conference in Florence, Italy, on June 19, 1998 and their edited versions are published in this volume. Ideas for the Future of the International Monetary System consists of two parts: Part I contains the studies commissioned by the Carli Association - those by Dominick Salvatore; Koichi Hamada; Forrest Capie; Michele Fratianni, Andreas Hauskrecht and Aurelio Maccario; Jrgen von Hagen and Ingo Fender, Michael Artis, Marion Kohler and Jacques Mlitz; Barry Eichengreen; Michele Fratianni and Andreas Hauskrecht; Paolo Savona and Aurelio Maccario; and Elvio Dal Bosco - and the comments by Paul De Grauwe and William Branson, and the editors' conclusions. Part II contains three papers presented at the Florence conference, by Antonio Fazio, Carl Scognamiglio, and Alberto Predieri.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 39 pages
File Size : 48,7 Mb
Release : 2016-02-22
Category : Business & Economics
ISBN : 9781498345958
In light of the changing contours of the global economy, this paper provides an overview of the challenges facing the International Monetary System (IMS). It seeks to forge a common understanding of the challenges facing the IMS and its shortcomings, and to lay the basis for discussing a possible roadmap for further work on reform areas.
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 66 pages
File Size : 49,7 Mb
Release : 2022-07-07
Category : Business & Economics
ISBN : 9798400213564
Ireland has considerably strengthened financial sector regulation and supervision since the 2016 FSAP, aided by the ECB/SSM, and is working with European and international regulators to strengthen oversight of the large market-based finance (MBF) sector. This strengthening is evidenced by a successful navigation through the challenges of Brexit and the pandemic. Despite global headwinds, Ireland is exiting the pandemic with strong economic growth and a highly capitalized and liquid banking system. The financial system has grown rapidly and in complexity, especially after Brexit, and Ireland has become a European base for large financial groups. The MBF sector has grown to the second largest in Europe, with global interlinkages.