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VAT/GST harmonisation challenges for digital assets such as bitcoin and NFTs in the EU following Case C-264/14 (Skatteverket v David Hedqist). [PDF]
Int Cybersecur Law RevNess S.
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The Optimal Currency Basket with Input Currency and Output Currency [PDF]
SSRN Electronic Journal, 2008 This paper explores the determination of the optimal currency basket in a small open economy general equilibrium model with sticky prices. In contrast to traditional literature, we focus on an economy with vertical trade, where one currency is used as the invoicing currency of imported intermediate goods and is called the \input currency", while the ...
Kang Shi, Juanyi Xu, Juanyi Xu
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Strong Currency and Weak Currency
Journal of the Japanese and International Economies, 1998Abstract This paper presents a two-country model in which two currencies compete with each other. There exists an equilibrium in which the two currencies with different rates of inflation circulate as media of exchange despite neither currency being required to be used for transactions. Taxes payable in local currency and asymmetric injection of fiat
Akihiko Matsui, Akihiko Matsui
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2018
Recent decades have witnessed the proliferation of monetary instruments that differ, in many respects, from the official currency issued by the central bank and by the regulated banking system, such as local currencies, corporate barter, and mutual credit systems.
Amato, Massimo, Fantacci, Luca
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Recent decades have witnessed the proliferation of monetary instruments that differ, in many respects, from the official currency issued by the central bank and by the regulated banking system, such as local currencies, corporate barter, and mutual credit systems.
Amato, Massimo, Fantacci, Luca
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Local Currency or Foreign Currency Debt?
Revue économique, 2003Nous nous demandons s’il est avantageux pour un pays emergent que sa dette (publique et privee, domestique et exterieure) soit en devises (en dollars) et non en monnaie nationale. Nous introduisons la possibilite que les autorites choisissent de devaluer si la situation economique se degrade.
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Currency Flows and Currency Crises
CESifo Economic Studies, 2017According to the most common understanding, currency crises are always and everywhere a monetary phenomenon. Based on a formal theoretical model and ample empirical evidence, this article argues instead that currency crises are always and everywhere about external imbalances.
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Currency futures and currency crises [PDF]
, 2004 Since financial derivatives are key instruments for risk taking as well as risk reduction, it is only straightforward to examine their role in currency crises. This paper addresses this issue by investigating the impact of currency futures trading on the underlying exchange rates.
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Optimum Currency Areas and Key Currencies [PDF]
, 2002 Forty years after Robert Mundell put forth his celebrated theory of optimum currency areas, the analytical consensus based on his celebrated 1961 paper has disintegrated. Part of the problem stems from a seeming contradiction in Robert Mundell’s own work.
Ronald I. McKinnon, Peter B. Kenen
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