Showing 1 - 10 of 134
Asia's economy, Thailand in particular, was booming when the financial crises hit in the 1990s. However, troubles were brewing underneath the seemingly buoyant economy. With a fragile financial system and ineffective domestic government responses to these troubles, an exchange rate crisis took...
Persistent link: https://www.econbiz.de/10012970172
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
The financial crisis that began in late 2007 with the decline in the United States (U.S.) subprime mortgage markets, quickly spread to other markets and eventually disrupted the interbank funding markets in the U.S. as well as overseas. To address the strain in the U.S. dollar (USD) funding...
Persistent link: https://www.econbiz.de/10013000249
Persistent link: https://www.econbiz.de/10000168264
The so-called credit crunch of 1966 has long been recognized as the first significant postwar financial crisis, and one that required the first important intervention by the Federal Reserve Bank. In the midst of the robust postwar expansion, the Fed began to fear inflation and tightened monetary...
Persistent link: https://www.econbiz.de/10014197740
The so-called credit crunch of 1966 has long been recognized as the first significant postwar financial crisis, and one that required the first important intervention by the Federal Reserve Bank. In the midst of the robust postwar expansion, the Fed began to fear inflation and tightened monetary...
Persistent link: https://www.econbiz.de/10014200922
Following a year in which repeated political turmoil sapped investor confidence in Mexico, putting pressure on the peso and draining the country's foreign exchange reserves, on December 22, 1994 the Mexican government sparked a financial crisis by unexpectedly abandoning its policy of anchoring...
Persistent link: https://www.econbiz.de/10013000269
Persistent link: https://www.econbiz.de/10013447422
Ireland had given up ist own currency in favor of what is essentially a foreign currency - the euro, which is issued by the … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is … neither the possibility of depreciating the Irish euro nor the possibility of creating ECB euros as necessary to meet demands …
Persistent link: https://www.econbiz.de/10009490197
Ireland had given up its own currency in favor of what is essentially a foreign currency — the euro, which is issued by the … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is … neither the possibility of depreciating the Irish euro nor the possibility of creating ECB euros as necessary to meet demands …
Persistent link: https://www.econbiz.de/10013110505