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Does Asia's Choice of Exchange Rate Regime Affect Europe's Exposure to US Shocks?
Markovic, Bojan; Povoledo, Laura - 2007
In this paper we use a stylised three-country model to analyse how the transmission of US shocks to Europe might be affected by Asia's choice of exchange rate regime. We find that if Asia decides to peg her exchange rate to the dollar, the impact of US shocks on European output and inflation is...
Persistent link: https://www.econbiz.de/10014052545
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The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
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U.S. Dollar Currency Premium in Corporate Bonds
Caramichael, John; Gopinath, Gita; Liao, Gordon - 2022
We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that dissect the perceived advantage of borrowing in the dollar. First, while the dollar dominates...
Persistent link: https://www.econbiz.de/10013306776
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Understanding the Euro Requires Political Economy, Not Just Economics
Goodhart, Charles - In: Econ Journal Watch 7 (2010) 1, pp. 59-60
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484289
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The Euro and the German Veto
Vaubel, Roland - In: Econ Journal Watch 7 (2010) 1, pp. 82-90
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484341
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A Political Scientist's Perspective
Frieden, Jeffry - In: Econ Journal Watch 7 (2010) 1, pp. 56-58
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484349
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Reflections on Currency Reform and the Euro
Hanke, Steve H. - In: Econ Journal Watch 7 (2010) 1, pp. 61-66
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484363
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It Has Happened—And It Will Continue to Succeed
Issing, Otmar - In: Econ Journal Watch 7 (2010) 1, pp. 66-72
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484368
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There Was No Analytical Alternative to the Theory of Optimum Currency Areas
Kenen, Peter B. - In: Econ Journal Watch 7 (2010) 1, pp. 73-75
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484399
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Mundell Changed His Mind
McKinnon, Ronald I. - In: Econ Journal Watch 7 (2010) 1, pp. 76-77
A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link
Persistent link: https://www.econbiz.de/10008484403