Economic Interdependence and the Sovereignty of Debtor Nations: A Comparison of Mexican and Argentine Reactions to International Monetary Fund Stabilization [PDF]
, 1984 Part I of this Note examines the concept of sovereignty and the role of the International Monetary Fund (Fund) as an instrument of supranational or joint sovereignty. Part II traces the development of economic dependence in Mexico and Argentina, examines
Stukey, Elizabeth Smith
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Search-Theoretic Money, Capital and International Exchange Rate Fluctuations [PDF]
In this paper we develop a two-country global monetary economy where a monetary equilibrium exists because of fundamentaldecentralized trade frictions ? a Lagos-Wright search and matching friction.
Gomis-Porqueras, Pere +2 more
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Shooting on a moving target : explaining European Bank rates during the interwar period [PDF]
, 2009 This paper describes the monetary policy response of countries during the inter-war period. How did central banks react to the Great Depression? How did countries balance the externals demands of the gold standard with domestic policy pressures? What was
Wandschneider, Kirsten, Wolf, Nikolaus
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Macroeconomic and financial stability challenges for acceding and candidate countries [PDF]
This paper – based on a report by a Task Force established by the International Relations Committee (IRC) of the European System of Central Banks (ESCB) – reviews macroeconomic and financial stability challenges for acceding (Bulgaria and Romania) and ...
Adalbert Winkler, Roland Beck
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The reform of IMF quotas: the way towards the 2008 resolution [PDF]
Policy evaluation based on the estimation of dynamic stochastic general equilibrium models with aggregate macroeconomic time series rests on the assumption that a representative agent can be identified, whose behavioural parameters are independent of the
Andrea Colabella +2 more
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The forward premium anomaly : can sticky-price models generate volatile foreign exchange risk premia? [PDF]
Fama’s (1984) volatility relations show that the risk premium in foreign exchange markets is more volatile than, and is negatively correlated with the expected rate of depreciation. This paper studies these relations from the perspective of goods markets
Seongman Moon
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Vom Bancor zum Euro: Und weiter zum Intor? [PDF]
, 2008 The current paper analyses the similarities between the Bretton Woods system (BWS) and the Eurozone and looks into the future of the world monetary system. The gold standard, the Keynes Plan and the White Plan are identified as the most important sources
Handler, Heinz
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Policy Shifts and External Shocks in Chile Under Rational Expectations [PDF]
This paper develops a macroeconomic general-equilibrium model fully parameterized for the Chilean economy. The model's basic relations can be rigorously derived from intertemporal optimization by rational forward-looking agents.
Klaus Schmidt-Hebbel, Luis Serven
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Bretton Woods Organisations in a Changing World: A Single Seat for the European Union?
Studia EuropejskieThe European Union represents a new type of regional organisation within the context of international relations. It is also an uncomfortable presence in the internal balances of the so-called “Bretton Woods” organisations – namely, the International ...
Susanna Cafaro, Francesco Spera
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Current preferences of Southern Mediterranean Countries and their erosion after variations of the entry price system [PDF]
It has been calculated the value of the preference margin granted to Euro-Mediterranean partners in the cases of reduced entry prices in force, and then it has been simulated the impact of EU trade liberalisation for F&V on such values after two ...
Martinez-Gomez, Victor
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