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Author: Guillaume Cottin Publisher: ISBN: Category : Languages : en Pages :
Book Description
The economic crisis of 2007 showed how world economy depends on the U.S.. The ongoing devaluation of the dollar and the large and persistent trade deficits of the U.S. current account is a source of risk to American supremacy. The consequences of such unbalances afflict the entire economy and are therefore the subject of worldwide concern. Consequently, this bachelor thesis will take a look at the challenged dollar and its uprising rivals. This paper is organized as follows: In the next section, a description of the actual international monetary system (IMS) is provided. Following the chapter 2, a review of the determinants, which explain the internationalization of a currency, can be found in chapter 3 and 4. With help of these determinants, chapter 5 assesses the dollar competitors and the dollar itself. In chapter 6 we will describe other phenomena that reinforce the position of the dollar. Chapter 7 reviews the current situation regarding the IMS and finally, chapter 8 provides an outlook of the evolution. Throughout this approach, we will be looking for answers about the future of the pre-eminence of the dollar against other currencies, in particular the euro and the renmimbi.
Author: Guillaume Cottin Publisher: ISBN: Category : Languages : en Pages :
Book Description
The economic crisis of 2007 showed how world economy depends on the U.S.. The ongoing devaluation of the dollar and the large and persistent trade deficits of the U.S. current account is a source of risk to American supremacy. The consequences of such unbalances afflict the entire economy and are therefore the subject of worldwide concern. Consequently, this bachelor thesis will take a look at the challenged dollar and its uprising rivals. This paper is organized as follows: In the next section, a description of the actual international monetary system (IMS) is provided. Following the chapter 2, a review of the determinants, which explain the internationalization of a currency, can be found in chapter 3 and 4. With help of these determinants, chapter 5 assesses the dollar competitors and the dollar itself. In chapter 6 we will describe other phenomena that reinforce the position of the dollar. Chapter 7 reviews the current situation regarding the IMS and finally, chapter 8 provides an outlook of the evolution. Throughout this approach, we will be looking for answers about the future of the pre-eminence of the dollar against other currencies, in particular the euro and the renmimbi.
Author: Camila Casas Publisher: International Monetary Fund ISBN: 1484330609 Category : Business & Economics Languages : en Pages : 62
Book Description
Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
Author: Katherine M. Gehl Publisher: Harvard Business Press ISBN: 1633699242 Category : Political Science Languages : en Pages : 316
Book Description
Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.
Author: I. M. D. Little Publisher: London ; New York : Published for the Development Centre of the Organization for Economic Co-operation and Development by Oxford U.P. ISBN: Category : Business & Economics Languages : en Pages : 544
Author: Guillaume Cottin
Author: Guillaume Cottin
Author: Camila Casas
Author: Erik Sherer
Author: Katherine M. Gehl
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Author: Bonita M. Kolb
Author: Edward David Abrahams
Author: Barry Eichengreen
Author: I. M. D. Little