Dominant Currencies and External Adjustment

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Publisher : International Monetary Fund
ISBN 13 : 1513512153
Total Pages : 46 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Dominant Currencies and External Adjustment by : Gustavo Adler

Download or read book Dominant Currencies and External Adjustment written by Gustavo Adler and published by International Monetary Fund. This book was released on 2020-07-20 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extensive use of the US dollar when firms set prices for international trade (dubbed dominant currency pricing) and in their funding (dominant currency financing) has come to the forefront of policy debate, raising questions about how exchange rates work and the benefits of exchange rate flexibility. This Staff Discussion Note documents these features of international trade and finance and explores their implications for how exchange rates can help external rebalancing and buffer macroeconomic shocks.

The International Role of the Euro

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Publisher :
ISBN 13 : 9789289910187
Total Pages : 81 pages
Book Rating : 4.9/5 (11 download)

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Book Synopsis The International Role of the Euro by : European Central Bank

Download or read book The International Role of the Euro written by European Central Bank and published by . This book was released on 2013 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Euro at Five

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Author :
Publisher : Peterson Institute
ISBN 13 : 9780881323740
Total Pages : 236 pages
Book Rating : 4.3/5 (237 download)

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Book Synopsis The Euro at Five by : Adam Simon Posen

Download or read book The Euro at Five written by Adam Simon Posen and published by Peterson Institute. This book was released on 2005 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a long-run competitor and collaborator with the dollar, the euro creates the potential for a bipolar international monetary system, offering unprecedented challenges and opportunities to economic policymakers. This book explores the euro's international role, its record till its fifth year, and its future.

The International Role of the Euro

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis The International Role of the Euro by : Elias Papaioannou

Download or read book The International Role of the Euro written by Elias Papaioannou and published by . This book was released on 2008 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Euro at Ten: The Next Global Currency

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Publisher : Peterson Institute
ISBN 13 : 0881325589
Total Pages : 237 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis The Euro at Ten: The Next Global Currency by :

Download or read book The Euro at Ten: The Next Global Currency written by and published by Peterson Institute. This book was released on 2009 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How to Fix the Euro

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Author :
Publisher : Chatham House
ISBN 13 : 9781784130138
Total Pages : 56 pages
Book Rating : 4.1/5 (31 download)

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Book Synopsis How to Fix the Euro by : Stephen Pickford

Download or read book How to Fix the Euro written by Stephen Pickford and published by Chatham House. This book was released on 2015-01-31 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economic and financial crisis that started in 2007 exposed serious flaws in the euro's original design. This report examines why Europe's economic and monetary union was so badly affected by the crisis, and assesses whether further changes need to be made to the structure of economic governance that underpins it. A Chatham House, Elcano and AREL Report

The Euro as a Stabilizer in the International Economic System

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1461544572
Total Pages : 460 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Euro as a Stabilizer in the International Economic System by : Robert A. Mundell

Download or read book The Euro as a Stabilizer in the International Economic System written by Robert A. Mundell and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of the euro was an important event for the world economy and the international political system. For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.

The International Role of the Euro

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Publisher :
ISBN 13 : 9789289910194
Total Pages : 81 pages
Book Rating : 4.9/5 (11 download)

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Book Synopsis The International Role of the Euro by : European Central Bank

Download or read book The International Role of the Euro written by European Central Bank and published by . This book was released on 2013 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 12th annual review of the international role of the euro published by the ECB. It presents the main findings of the continued monitoring and analysis conducted by the ECB and the Eurosystem as regards the development, determinants and implications of the use of the euro by non-euro area residents. This review finds that in 2012 the euro area sovereign debt crisis continued to weigh on the international use of the euro, which declined moderately in some market segments. The persistent fragmentation of the euro area financial system is one of the main underlying causes of these developments, as it affects the depth and liquidity of euro area capital markets. Several policy measures taken at both the European and the national level started to reduce the degree of financial fragmentation in the latter part of 2012. Some survey indicators signal a tentative turnaround as regards the international role of the euro in market segments that had previously witnessed some decline. This review also examines in greater depth issues that have a bearing on the euro's international role and the global currency order, including prospects for non-traditional reserve currencies and a multi-polar international monetary system. This analysis is presented in the form of three special features. The international role of the euro is primarily determined by market forces, and the Eurosystem neither hinders nor promotes the international use of the euro. At the same time, the ECB will continue to monitor developments and disseminate information with respect to the international role of the euro on a regular basis. -- EU Bookshop.

The European Central Bank

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Publisher :
ISBN 13 : 9789289900270
Total Pages : 229 pages
Book Rating : 4.9/5 (2 download)

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Book Synopsis The European Central Bank by : Hanspeter K. Scheller

Download or read book The European Central Bank written by Hanspeter K. Scheller and published by . This book was released on 2006 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.

The €uro and the Dollar in a Globalized Economy

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Author :
Publisher : Routledge
ISBN 13 : 1351895338
Total Pages : 263 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis The €uro and the Dollar in a Globalized Economy by : Pedro Gomis-Porqueras

Download or read book The €uro and the Dollar in a Globalized Economy written by Pedro Gomis-Porqueras and published by Routledge. This book was released on 2016-12-05 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dollar has been the dominant currency of the world economy for almost a century; since 2002, the euro has gained widespread international acceptance resulting in important institutional, economic and financial changes both for the euro zone, the United States and the world economies, affecting foreign exchange and financial markets as well as economic activities around the world. In years to come, the international role of the euro will hinge on the validity of the fundamental idea underlying its creation, namely that important components of sovereignty can be pooled and shared among nations in the pursuit of common economic and political objectives. This key book assesses the international role of the euro, discusses its impact on global financial markets, shifting global exchange rate relationships and their implications. With input from various disciplines (economics, business and political science), it foments discussions intended to facilitate an exchange of ideas among academics, practitioners and the local business community.

The International Role of the Euro

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Author :
Publisher :
ISBN 13 : 9789289913713
Total Pages : pages
Book Rating : 4.9/5 (137 download)

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Book Synopsis The International Role of the Euro by :

Download or read book The International Role of the Euro written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 13th annual review of the international role of the euro published by the ECB. It presents the main findings of the continued monitoring and analysis conducted by the ECB and the Eurosystem as regards the development, determinants and implications of the use of the euro by non-euro area residents. This review finds that, in an environment of improving market sentiment towards the euro area, various indicators used to assess the international use of the euro turned to or remained in positive territory in 2013. Notwithstanding these developments, the international use of the euro declined in other market segments. This may be the result of several factors, including pertinent shifts in the global monetary and financial system, as well as the lingering effects of the euro area crisis. The on-going adjustment and rebalancing process in the euro area and the moves towards a genuine Economic and Monetary Union, including the completion of the banking union, remain, therefore, of the essence. This review also examines in greater depth issues that have a bearing on the euro's international role and the global currency order, including the demand for euro area debt securities during the euro area sovereign debt crisis, the global financial impact of official reserve diversification, and recent developments in foreign currency bond issuance. This analysis is presented in the form of three special features. The international role of the euro is primarily determined by market forces, and the Eurosystem neither hinders nor promotes the international use of the euro. At the same time, the ECB will continue to monitor developments and disseminate information with respect to the international role of the euro on a regular basis.

The European Union's Roles in International Politics

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Publisher : Routledge
ISBN 13 : 1134166788
Total Pages : 282 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis The European Union's Roles in International Politics by : Ole Elgström

Download or read book The European Union's Roles in International Politics written by Ole Elgström and published by Routledge. This book was released on 2006-08-21 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume sets out explicitly and systematically to bring together the two strands of political science– the study of the EU’s international activities, and IR theory – and thus to make a significant original contribution to a developing literature. It provides both a conceptual and empirical argument, the volume provides an innovative perspective on the analysis of the European Union as an international actor, and on the ways in which EU actions are formed and have impact. The volume deals with a number of topical issues in such areas as human rights, global governance and the roles of international organizations. It offers a research agenda based on rigorous development of the framework for role analysis, and demonstrates the ways in which this agenda might be furthered.

The Euro

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Publisher :
ISBN 13 : 9789282494950
Total Pages : 0 pages
Book Rating : 4.4/5 (949 download)

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Book Synopsis The Euro by :

Download or read book The Euro written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The US dollar has held the unrivalled position of the world's dominant currency since the Second World War. Although the euro has established itself as the second most important currency in the international monetary system, it lags way behind the USD, and does not reflect the dominant position of the EU in global markets. Although the role of the renminbi is even less developed, China is working hard to change that. A possible game-changer, which could lead to more currency diversification, is the rapid development of private and public digital currencies. On this, China is in the vanguard. Why is the euro not more widely used? The main reason is that the economic and monetary union remains incomplete. The unfinished banking union, patchy progress towards a capital markets union and the absence of a central fiscal capacity all make it difficult for the euro to challenge the USD. Other factors include the limited supply of high-quality euro-denominated assets, and the fragmentation of the EU and euro area's voice in international financial institutions. In recent years EU leaders have on several occasions called for a strengthening of the international role of the euro. It has also been pushed by the Commission and supported by the ECB. But the overall objective has remained rather general, with little consideration of why (economic and/or political reasons?) and even less to the how (what policy implications might this entail?).

The Euro, The Dollar and the Global Financial Crisis

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Publisher : Routledge
ISBN 13 : 1317636759
Total Pages : 327 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis The Euro, The Dollar and the Global Financial Crisis by : Miguel Otero-Iglesias

Download or read book The Euro, The Dollar and the Global Financial Crisis written by Miguel Otero-Iglesias and published by Routledge. This book was released on 2014-09-19 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites. Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system. In this highly innovative and important book, Otero-Iglesias shows the importance of studying financial elites in Brazil, China and the GCC countries in order to understand the full impact, material and ideational, of the euro in the transformation of the IMS. It will be vital reading for students and scholars of International Political Economy, International Economics, International Finance, Economic History, Economic Sociology, International Relations, Comparative Political Economy and Comparative Politics.

Transatlantic Perspectives on the Euro

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Publisher : Brookings Institution Press
ISBN 13 : 9780815719946
Total Pages : 142 pages
Book Rating : 4.7/5 (199 download)

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Book Synopsis Transatlantic Perspectives on the Euro by : C. Randall Henning

Download or read book Transatlantic Perspectives on the Euro written by C. Randall Henning and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and the European Community Studies Association publication The European economic and monetary union has changed the structure of international monetary relations fundamentally. In this book two experts--one European, the other American--offer transatlantic perspectives on the ramifications of the monetary union and the launch of the euro. C. Randall Henning examines selected American views on Europe's monetary union, and looks at the political, economic, and institutional interests of the United States as they are affected by the creation of the euro. He examines the external monetary policymaking machinery of the union and discusses the relationship of the monetary union to international institutions, particularly the meetings of the G-7 finance ministers and central bank governors and the International Monetary Fund. Henning is generally sympathetic to European integration, supportive of the monetary union, and persuaded of the importance of international cooperation. Pier Carlo Padoan presents a European view of the role of the euro in the international system. He looks at the euro as a potential global currency and examines the transition phase between a regional currency and a global currency. Central to this is an analysis of the appropriate exchange rate policy for the euro. He also considers euro-dollar relations and the prospects for transatlantic cooperation. C. Randall Henning is a professor at The American University and a senior fellow at the Institute for International Economics. Pier Carlo Padoan is a professor at the University of Rome and the College of Europe.

The International Role of the Euro

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Author :
Publisher :
ISBN 13 : 9789289947435
Total Pages : pages
Book Rating : 4.9/5 (474 download)

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Book Synopsis The International Role of the Euro by :

Download or read book The International Role of the Euro written by and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This 20th annual review of the international role of the euro published by the European Central Bank presents an overview of developments in the use of the euro by non-euro area residents. The report covers developments in 2020. This period was characterised by the outbreak of the coronavirus (COVID-19) pandemic, a contraction in global economic activity unprecedented in living memory and exceptional global policy support. On balance, however, these developments did not result in a significant change in the international role of the euro. In particular, the euro’s share in outstanding international loans, in the stock of international debt securities and as an invoicing currency for extra-euro area imports of goods remained broadly stable. The share of the euro in global foreign exchange reserves declined, as did the share of the euro in foreign currency-denominated debt issuance and in outstanding international deposits. The euro remained a key currency in international green bond markets, a small but rapidly growing segment of international debt security markets. The international role of the euro is primarily supported by a deeper and more complete Economic and Monetary Union, including advancing the capital markets union, in the context of the pursuit of sound economic policies in the euro area. The Eurosystem supports these policies and emphasises the need for further efforts to complete Economic and Monetary Union. The relative resilience of the international role of the euro despite the pandemic shock stands in contrast to the significant decline observed in the wake of the euro area sovereign debt crisis. To some extent, this development may reflect the effectiveness of the unprecedented policy support measures and coordinated approach that have prevailed in the euro area during the COVID-19 crisis. At the same time, the fact that the global appeal of the euro remains broadly stable at a low level suggests that only further resolute policy measures and reform efforts would enable the euro to realise its global potential. The ECB will continue to monitor developments and publish information on the international role of the euro on a regular basis.

Coordinated Portfolio investment Survey

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Publisher : International Monetary Fund
ISBN 13 : 1455216569
Total Pages : 180 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Coordinated Portfolio investment Survey by : International Monetary Fund

Download or read book Coordinated Portfolio investment Survey written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-01-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a coordinated portfolio investment survey guide provided to assist national compilers in the conduct of the Coordinated Portfolio Investment Survey, conducted under the auspices of the IMF with reference to the year-end 1997. The guide covers a variety of conceptual issues that a country must address when conducting a survey. It also covers the practical issues associated with preparing for a national survey. These include setting a timetable, taking account of the legal and confidentiality issues raised, developing a mailing list, and maintaining quality control checks.