Search Results - subject:"monetary credibility"

Households' Foreign Currency Borrowing in Central and Eastern Europe

Fidrmuc, Jarko; Hake, Mariya; Stix, Helmut - 2011

Foreign currency loans represent an important feature of recent financial developments in CEECs. This might pose a serious challenge for macroeconomic stability. Against this background, the authors study the determinants of foreign currency loans of households, using data on the behavior of...

Persistent link: https://www.econbiz.de/10013370088

Working Paper 171

Hake, Mariya; Stix, Helmut; Fidrmuc, Jarko - Oesterreichische Nationalbank - 2011

Persistent link: https://www.econbiz.de/10010727712

Households’ Foreign Currency Borrowing in Central and Eastern Europe

Fidrmuc, Jarko; Hake, Mariya; Stix, Helmut - Oesterreichische Nationalbank - 2011

Persistent link: https://www.econbiz.de/10009322922

Issues on the choice of Exchange Rate Regimes and Currency Boards – An Analytical Survey

Moheeput, Ashwin - Department of Economics, University of Warwick - 2008

for many countries seeking stabilization in the aftermath of prolonged economic crisis or as a way of importing monetary … credibility as part of a medium / long term strategy for conducting monetary policy. As backbone of a credible exchange-rate based …

Persistent link: https://www.econbiz.de/10005146867

Has EMU Had Any Impact on the Degree of Wage Restraint?

Posen, Adam S.; Gould, Daniel Popov - Peter G. Peterson Institute for International Economics … - 2006

emphasize the gains from monetary credibility. The time-series evidence on Italy, which shows a significant increase in wage …

Persistent link: https://www.econbiz.de/10005035525

Has EMU had any Impact on the Degree of Wage Restraint?

Posen, Adam; Gould, Daniel Popov - CESifo - 2006

entry. This pattern is consistent with the models that emphasise the gains from monetary credibility. The eurozone increase …

Persistent link: https://www.econbiz.de/10005181413

Competitive Bank Monies: Reconsidering Hayek and Klein from a Transactions Perspective

Ferris, J. Stephen - Carleton University, Department of Economics - 2003

In this paper the case made by Klein (1975) and Hayek (1976) for competitive bank monies is reconsidered. To do so we build a model of the demand for bank money that derives from money’s ability to separate commodity purchases from sales across time and so avoid the trading costs implied by...

Persistent link: https://www.econbiz.de/10005626991