Results 41 to 50 of about 57,777 (224)
Building a Potemkin village in occupied China: Japan's wartime system of linked trade, 1939–43
Abstract The paper discusses the novel but little‐known exchange rate system of Japanese‐occupied North China during the Second Sino‐Japanese War, in which exporters were given the right to import in the form of a piece of yellow paper, which could be sold in the secondary market.
Shinji Takagi
wiley +1 more source
The Monetary Policy–Commodities Nexus: A Survey
ABSTRACT This survey synthesizes evidence on the bidirectional links between commodity markets and monetary policy. On the commodities‐to‐policy side, we review how shocks to energy, food, and metals pass through to inflation, inflation expectations, economic activity, and financial stability in state‐dependent ways that vary by shock type, exposure ...
Martin T. Bohl +2 more
wiley +1 more source
India and the Neglected Development Dimensions of Bretton Woods [PDF]
This paper helps correct two common misconceptions about the origins of the Bretton Woods institutions. The first is that the negotiations were primarily an Anglo-American affair in which developing countries had little input.
Helleiner, Eric
core
Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source
Perspectives of the International Monetary System [PDF]
During the 20th century, the dollar gained the status of the world’s most important currency. Therefore, the Bretton Woods International Monetary System was based on the dollar.
Nenad Jankovic
doaj +1 more source
ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
A Consideration of Fiscal Targetry
ABSTRACT The UK's current fiscal rules and framework are not fit for purpose. Try as they might, the rules are more “honor'd in the breach than the observance”. They have introduced an unintended incentive on the margin (at fiscal events) to trade off government investment for government consumption.
Jagjit S. Chadha
wiley +1 more source
This paper explores the reasons embedded in the original architecture of both the international trade and monetary regimes that determined different outcomes for both.
Ricardo de Urioste
doaj
Abstract In 2012 the UN Security Council and the European Union bolstered US economic sanctions on Iran, disembedding the country's economy from financial markets. Since then, the sanctions have radically devalued Iran's currency, leading Iranians to seek a viable standard of value elsewhere. They have done so through ghachagh (fugitive) configurations
Emrah Yıldız
wiley +1 more source
The exchange rate regime in Asia: From crisis to crisis. [PDF]
Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged to the US Dollar. In the crisis, many economies experienced a brief period of extreme flexibility. A `fear of floating' gave reduced flexibility when the crisis subsided,
Balasubramaniam, Vimal +3 more
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