This European survey examines (a) The fundamental cause of Argentina’s high inflation is unfunded fiscal commitments that are being financed by the central bank; (b) Even if Argentina could marshal the resources to make a full switch to using US dollars for domestic transactions, it would substantially increase the volatility of Argentine GDP
Keyword: currency
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This US survey examines a) The fundamental cause of Argentina’s high inflation is unfunded fiscal commitments that are being financed by the central bank; (b) Even if Argentina could marshal the resources to make a full switch to using US dollars for domestic transactions, it would substantially increase the volatility of Argentine GDP
This US survey examines (a) Use of the renminbi in world trade, as a reserve currency, and/or for foreign bond denomination is likely to increase substantially relative to the dollar over the next ten years; (b) Ceteris paribus, a shift to a more multi-polar international monetary system would have substantial negative implications for the US economy
This Finance survey examines (a) The costs and risks associated with a sharp fall in the value of sterling outweigh any macroeconomic benefits for the UK of export stimulus due to a weaker currency; (b) Concerns about government finances and debt sustainability can undermine the reserve currency status of a major currency
This week's European Economic Experts Panel statements:
A) Under a fixed exchange rate and fully liberalized capital flows, a country loses domestic control of monetary policy.
B) For emerging and developing economies open to the world capital market, a flexible exchange rate confers little advantage over a pegged exchange rate in terms of economic stability.
C) The key feature making the US a more natural optimum currency area than the euro area is higher labor mobility.
This week's US Economic Experts Panel statements:
A) In an economy open to capital flows, monetary policy can only be effective with a floating exchange rate.
B) For emerging and developing economies open to the world capital market, a flexible exchange rate confers little advantage over a pegged exchange rate in terms of economic stability.
C) The key feature making the US a more natural optimum currency area than the euro area is higher labor mobility.
This week's IGM Economic Experts Panel statement:
Because of the many special and unique roles that the dollar plays in global commerce, US citizens are substantially better off than they otherwise would be.
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