Keyword: currency

This Finance survey examines (a) The US dollar's status as the dominant reserve currency substantially raises its value; (b) US-led policy interventions that discouraged central banks from holding US treasury securities would substantially diminish the dollar's reserve currency status, (c) US-led policy interventions that led to a sustained weakening in the dollar would substantially damage the US government's ability to finance its deficits

This Finance survey examines that it seems likely that Japanese authorities intervened in the foreign exchange market recently to prop up the yen – see, for example: https://www.ft.com/content/455784ec-0465-46ee-8c73-fc5ce3e31c37. In such circumstances, intervention refers to purchases or sales of domestic or foreign currency without changing the monetary policy stance (a) Large-scale intervention by public authorities in currency markets can move exchange rates substantially (b) The effectiveness of foreign exchange interventions can last beyond one month

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

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.

‘M

This week's IGM European Economic Experts Panel Statements: A) Bitcoins are more similar to gold than they are to currency. B) Bitcoins are more similar to gold than they are to Dutch tulips in the 1630s.