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The trilemma of international finance explains why interest rates in countries that fix their exchange rates and allow unfettered cross-border capital flows are largely outside the monetary authority's control. Using historical panel-data since 1870 and using the trilemma mechanism to construct...
Persistent link: https://www.econbiz.de/10012964905
The trilemma of international finance explains why interest rates in countries that fix their exchange rates and allow unfettered cross-border capital flows are largely outside the monetary authority's control. Using historical panel-data since 1870 and using the trilemma mechanism to construct...
Persistent link: https://www.econbiz.de/10012455606
Counterfeit prevention is a major task for central banks, as it helps to maintain public confidence in the currency. It is often maintained that a high quality of the banknotes in circulation helps the public detect counterfeits. However, there has not been any scientific evidence in support of...
Persistent link: https://www.econbiz.de/10012988638
Counterfeit prevention is a major task for central banks, as it helps to maintain public confidence in the currency. It is often maintained that a high quality of the banknotes in circulation helps the public detect counterfeits. However, there has not been any scientific evidence in support of...
Persistent link: https://www.econbiz.de/10012998801
between human subjects. We design a laboratory experiment based on a simple two-country, two-currency search model to study …
Persistent link: https://www.econbiz.de/10011777887
not rely on such a belief. Under this scheme, subjects participate in an experiment for a fixed number of periods where …
Persistent link: https://www.econbiz.de/10012493316
experiment. The aim is to strip away the inessentials so as to reveal some of the basic legal-institutional design considerations …
Persistent link: https://www.econbiz.de/10013083774
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