منابع مشابه
Banking, Trade, and the Making of a Dominant Currency∗
We explore the interplay between trade invoicing paerns and the pricing of safe assets in dierent currencies. Our theory highlights the following points: 1) a currency’s role as a unit of account for invoicing decisions is complementary to its role as a safe store of value; 2) this complementarity can lead to the emergence of a single dominant currency in trade invoicing and global banking, e...
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A P2P resource market is a market in which peers trade resources (including storage, bandwidth and CPU cycles) and services with each other. We propose a specific paradigm for a P2P resource market. This paradigm has five key components: (i) pairwise trading market, with peers setting their own prices for offered resources; (ii) multiple currency economy, in which any peer can issue its own cur...
متن کاملCurrency Equivalent Currency
specialist microfinance institutions (MFIs). The Central Bank of Sri Lanka (CBSL) has traditionally pursued an active "developmental" role in the microfinance sector, although this has been changing. It should further reduce its developmental activities by diluting its ownership of regional development banks and taking a less hands-on role in project implementation. Conversely, it would be appr...
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Diarrhoeal diseases kill an estimated 2.5 million people each year, the majority being children under 5 years (Kosek et al. 2003). An estimated 4 billion cases annually account for 5.7% of the global burden of disease and place diarrhoeal disease as the third highest cause of morbidity and sixth highest cause of mortality (Pruess et al. 2002). Among children under 5 years in developing countrie...
متن کاملOutcomes research: shifting the dominant research paradigm in physical therapy.
This article discusses outcomes research in physical therapy and places its conceptual roots within the work on quality-of-care assessment. An argument is advanced that the outcomes research movement in medicine has stimulated clinical researchers in physical therapy to address disability outcomes in addition to traditional impairment outcomes. If physical therapy clinical research moves beyond...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2020
ISSN: 0002-8282
DOI: 10.1257/aer.20171201