المستودع الأكاديمي جامعة المدينة

International Capital Markets and Informal Dollar Standards in the CIS and East Asia

أعرض تسجيلة المادة بشكل مبسط

dc.creator Schnabl, Gunther
dc.date 2005
dc.date.accessioned 2013-10-16T07:04:04Z
dc.date.available 2013-10-16T07:04:04Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19294
dc.identifier ppn:497861836
dc.identifier RePEc:zbw:hwwadp:26192
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19294
dc.description Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of shortterm and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ?competitive depreciations? and ?competitive appreciations? among the CIS and East Asian currencies it is argued that the adherence to a common external anchor currency enhances macroeconomic stability. Finally, the potential of euro and ruble (CIS) as well as yen and yuan (East Asia) to challenge the dollar as anchor currencies in the respective regions is explored.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 326
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F32
dc.subject F31
dc.subject ddc:330
dc.subject CIS
dc.subject East Asia
dc.subject Informal Dollar Standard
dc.subject Liability Dollarization
dc.subject Asset Dollarization
dc.subject Competitive Depreciation
dc.subject Competitive Appreciation
dc.subject Wechselkurspolitik
dc.subject Reservewährung
dc.subject Währungssubstitution
dc.subject Wechselkurssystem
dc.subject GUS-Staaten
dc.subject Ostasien
dc.title International Capital Markets and Informal Dollar Standards in the CIS and East Asia
dc.type doc-type:workingPaper


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