International monetary trends
نویسندگان
چکیده
منابع مشابه
International monetary equilibrium with default
We present an integrated framework for the study of the international financial economy with trade, fiat money, monetary and fiscal policy, endogenous default and regulation. Money is introduced via a cash-in-advance requirement and real trade is endogenous. The standard international finance pricing results obtain. Market incompleteness and positive default in equilibrium allow for the study o...
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The Great Inflation of the 1970s was an international phenomenon. We study whether monetary authorities in the G7 countries were changing their responses to inflation in a similar manner during and following the Great Inflation era. Our results suggest that the common to the G7 countries inflation pattern during the Great Inflation period is associated with a common pattern in the monetary poli...
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O f the bullionist writers who advocated restoration of the gold convertibility of England’s currency during the Bank Restriction period 1797–1821, few are as little known today as John Wheatley. Certainly his name is not as familiar as those of David Ricardo, Henry Thornton, Thomas Malthus, Francis Horner, William Huskisson, and other bullionists. Yet in some respects he was the most original ...
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In Kohler (2002) we analyse coalition formation in monetary policy coordination games between n countries. We find that positive spillovers of the coalition formation process and the resulting free-rider problem limit the stable coalition size: since the coalition members are bound by the union’s discipline, an outsider can successfully export inflation without fearing that the insiders will tr...
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I have a personal reason for choosing this topic. For many years it has troubled me that some of my friends and colleagues view themselves as monetarists and analyze domestic policy from that perspective, while another group of my friends maintains that fixed exchange rates are the glue that holds the world economy together. From the perspective of that group, the world would be a better place ...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1972
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02927486