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Currency Substitution in Developing Countries: An Introduction

Calvo, Guillermo; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1992

This paper reviews the main policy and analytical issues related to currency substitution in developing countries. The paper discusses, first, whether currency substitution should be encouraged or not; second, how the presence of currency substitution affects the choice of nominal anchors in...

Persistent link: https://www.econbiz.de/10008596402

Does currency substitution affect exchange rate uncertainty? the case of Turkey

Levent, Korap - Volkswirtschaftliche Fakultät, … - 2007

In this paper, we investigate whether the currency substitution can affect the exchange rate uncertainty for the Turkish economy. Considering the whole time period 1987M01-2006M12 as well as thesub-periods 1987M01-1999M12 and 2001M03-2006M12 for sensitivity analysis, our estimation results...

Persistent link: https://www.econbiz.de/10008623473

Dollarization in transition economies: Evidence and policy implications

Sahay, Ratna; Vegh, Carlos - Volkswirtschaftliche Fakultät, … - 1995

transition economies have been increasing rapidly. This paper takes a first look at the evidence on dollarization for 15 … has been observed in Latin America, however, dollarization has fallen substantially in the aftermath of successful …, the fall in dollarization can be primarily attributed to higher real returns on domestic-currency assets, as a result of …

Persistent link: https://www.econbiz.de/10008596389

The Single Global Currency - Common Cents for the World (2007 Edition)

Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007

This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192 U.N. members to...

Persistent link: https://www.econbiz.de/10005621973

The Single Global Currency: Common Cents for the World

Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2006

This is the only book in print in the world about the single global currency, and is the only book in the world priced in 147 currencies. It describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world - trillions. The multicurrency...

Persistent link: https://www.econbiz.de/10005787163

The single global currency - common cents for the world (2008 Edition)

Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2009

Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and is the only book in the world priced in 141 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192...

Persistent link: https://www.econbiz.de/10005835646

The Us Dollar, the Euro, and the Yen : An Evaluation of Their Present and Future Status as International Currencies

Beckmann, Rainer - 2010

The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...

Persistent link: https://www.econbiz.de/10013136590

Inflation and Policy Response - The Israeli Case: 1970-1989

Gottlieb, Daniel - Volkswirtschaftliche Fakultät, … - 1990

The Israeli Economy has served as a laboratory for the study of inflation and government policy reponse. In periods crucial for Israel's experience of inflation, finance ministers were replaced frequently, often changing their predecessors' policies, much to the detriment of inflation. Inflation...

Persistent link: https://www.econbiz.de/10005622172

The US Dollar and the Euro: Deus Ex-Machina

Lorca-Susino, Maria - Volkswirtschaftliche Fakultät, … - 2008

Until the 19th and mid-20th centuries, economic theory explained that the economic status of a country was represented by the strength of its currency. This strength is measured by the exchange rate of one currency vis-á-vis another currency, a “zero-sum” game in which one currency gains...

Persistent link: https://www.econbiz.de/10005789886

Toward Maghreb monetary unification:what does the theory and history tell us?

Belhadj, Aam; bangake, Chrysost; Jedlane, NABIL - Volkswirtschaftliche Fakultät, … - 2007

Since the beginning of the decade, numerous economic and monetary unification projects have aroused a lot of interest. The reinforcement of economic and monetary integration, especially in Europe, has set a trend for the creation of a monetary union in many others regions of the world. Since...

Persistent link: https://www.econbiz.de/10011260997