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Currency Consolidation and Currency Unions
2011In outlining the ‘tripolar’ options for exchange rate regimes in Chapter 3 we foreshadowed that we would consider controversies over the third polar option — the currency union, including full monetary union — in this chapter. Arguments for the widespread adoption of a common currency, or even a universal global currency, all turn on the idea of ...
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Currency Risk in Currency Unions
2013Sovereign yield spreads within currency unions may reflect the risk of outright default. Yet, if exit from the currency union is possible, spreads may also reflect currency risk. In this paper, we develop a New Keynesian model of a small member country of a currency union, allowing both for default within and exit from the union.
Kriwoluzky, Alexander +2 more
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Banking, Trade, and the Making of a Dominant Currency
Quarterly Journal of Economics, 2021Gita Gopinath, Jeremy C Stein
exaly
Is Bitcoin a currency, a technology-based product, or something else?
Technological Forecasting and Social Change, 2020Nazrul Islam
exaly
Assessing the Impact of Central Bank Digital Currency on Private Banks
Economic Journal, 2021David Andolfatto
exaly
Central bank digital currency: Central banking for all?
Review of Economic Dynamics, 2021Harald F Uhlig
exaly