On The International Use Of Currencies
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On The International Use Of Currencies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-01-01
On The International Use Of Currencies written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-01-01 with Business & Economics categories.
This paper assesses the role of the deutsche mark as a key international currency. It first investigates the theoretical basis underlying the international use of a currency. Theoretical considerations indicate that several factors relating to the issuing country—including inflation performance, openness of financial markets, and trade patterns—combine to propagate the international use of its currency. The paper then discusses these factors as they relate to the deutsche mark and identifies trends in several of these determinants of international currency use that presage an expanding role for the mark. Finally, data are presented on the extent of the internalization of the deutsche mark during the 1980s which corroborate the theoretical findings.
Measures To Limit The Offshore Use Of Currencies
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2001-04-01
Measures To Limit The Offshore Use Of Currencies written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-04-01 with Business & Economics categories.
Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved.
Why Do Different Countries Use Different Currencies
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Author : Mr.Thomas Krueger
language : en
Publisher: International Monetary Fund
Release Date : 1998-02-01
Why Do Different Countries Use Different Currencies written by Mr.Thomas Krueger and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-02-01 with Business & Economics categories.
During long periods of history, countries have pegged their currencies to an international standard (such as gold or the U.S. dollar), severely restricting their ability to create money and affect output, prices, or government revenue. Nevertheless, countries generally have maintained their own currencies. The paper presents a model where agents have heterogeneous preferences—that are private information—over goods of different national origin. In this environment, it may be optimal for countries to have different currencies; we also identify conditions where separate national currencies do not expand the set of optimal allocations. Implications for a currency union in Europe are discussed.
On The Welfare Benefits Of An International Currency
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Author : Prakash Kannan
language : en
Publisher: International Monetary Fund
Release Date : 2007-03
On The Welfare Benefits Of An International Currency written by Prakash Kannan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03 with Business & Economics categories.
Is it beneficial for a country's currency to be used internationally? And, if so, can we quantify the benefit? Since the emergence of the euro, there has been great interest in the consequences of a transfer of the US dollar's premier international role to the euro. Building on recent advancements in the literature on search models of money, this paper presents a novel model-based approach towards assessing the welfare benefits associated with the international use of a country's currency. The welfare gain for the Euro area in having the euro internationally used ranges from 1.7% to 2.1% of consumption.
On The International Use Of Currencies
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Author : G. S. Tavlas
language : en
Publisher:
Release Date : 2008
On The International Use Of Currencies written by G. S. Tavlas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper assesses the role of the deutsche mark as a key international currency. It first investigates the theoretical basis underlying the international use of a currency. Theoretical considerations indicate that several factors relating to the issuing country--including inflation performance, openness of financial markets, and trade patterns--combine to propagate the international use of its currency. The paper then discusses these factors as they relate to the deutsche mark and identifies trends in several of these determinants of international currency use that presage an expanding role for the mark. Finally, data are presented on the extent of the internalization of the deutsche mark during the 1980s which corroborate the theoretical findings.
Money In International Exchange
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Author : Ronald I. McKinnon
language : en
Publisher: New York : Oxford University Press
Release Date : 1979
Money In International Exchange written by Ronald I. McKinnon and has been published by New York : Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Foreign exchange categories.
How do nations trade when no purely international money exists? This book describes how the use of national currencies, only some of which have the important international property of being convertible, allows most of world trade to be effectively monetized rather than bartered. Professor McKinnon's analysis represents the first attempt to focus on the microeconomic and monetary aspects of international exchange, and addresses unresolved problems in securing mutual monetary adjustment among the world's great trading economies.
On The International Use Of Currencies The Case Of The Deutschmark
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Author : G. S. Tavlas
language : en
Publisher:
Release Date : 1991
On The International Use Of Currencies The Case Of The Deutschmark written by G. S. Tavlas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
Reserve Currency
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-01-25
Reserve Currency written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-25 with Business & Economics categories.
What is Reserve Currency Reserve currencies are foreign currencies that are held in considerable quantities by central banks or other monetary authorities as part of their foreign exchange reserves. Reserve currencies are also known as reserve currencies. All areas of the global economy, including foreign transactions, international investments, and financial activities, are able to make use of the reserve currency. Additionally, it is frequently referred to as a hard money or a safe-haven currency. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Reserve currency Chapter 2: Currency Chapter 3: Special drawing rights Chapter 4: Currency substitution Chapter 5: Global financial system Chapter 6: Hard currency Chapter 7: Balance of payments Chapter 8: Bretton Woods system Chapter 9: Currency board Chapter 10: Foreign exchange reserves Chapter 11: Time-based currency Chapter 12: Triffin dilemma Chapter 13: Bancor Chapter 14: World currency Chapter 15: Monetary hegemony Chapter 16: International monetary system Chapter 17: London Gold Pool Chapter 18: Currency basket Chapter 19: International use of the U.S. dollar Chapter 20: Foreign-exchange reserves of India Chapter 21: China and the International Monetary Fund (II) Answering the public top questions about reserve currency. (III) Real world examples for the usage of reserve currency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Reserve Currency.
The Japanese Yen As An International Currency
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Author : Mr.George S. Tavlas
language : en
Publisher: International Monetary Fund
Release Date : 1991-01-01
The Japanese Yen As An International Currency written by Mr.George S. Tavlas and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-01-01 with Business & Economics categories.
The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.
On The International Use Of Currencies
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Author : George S. Tavlas
language : es
Publisher:
Release Date : 1991
On The International Use Of Currencies written by George S. Tavlas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.