منابع مشابه
International Monetary Trade and the Law of One Price1
We endogenize circulation of currencies and price formation in a decentralized monetary trading environment with two countries and two currencies. In equilibrium sellers of homogenous goods may post prices in the national or also in the foreign currency, given unobservable buyers valuations. We prove that, under different monetary regimes, the absence of well integrated international goods mar...
متن کاملMoney and the International Monetary System
I have a personal reason for choosing this topic. For many years it has troubled me that some of my friends and colleagues view themselves as monetarists and analyze domestic policy from that perspective, while another group of my friends maintains that fixed exchange rates are the glue that holds the world economy together. From the perspective of that group, the world would be a better place ...
متن کاملDevelopment of International Trade in Health Services in the Legal System of World Trade Organization
The World Trade Organization, as one of the youngest international organizations following its 50th activity of predecessor means the General Agreement on Tariffs and Trade in the Multilateral Trade System, through the establishment of a General Agreement on Trade in Services, regulated the domain of International Trade in services and by designating Integrated legal framework for the advanceme...
متن کاملTrade, Unemployment, and Monetary Policy
We study the effects of trade integration for the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. The model reproduces important empirical regularities related to international trade, namely synchronization of business cycles across trading partners and reallocation of market shares across producers. Three key re...
متن کامل- 1 - the International Monetary System : Diffusion and Ambiguity
This essay looks at the dynamics of power and rule setting in the international monetary system. I begin with a brief discussion of the meaning of power in international monetary relations, distinguishing between two critical dimensions of monetary power, autonomy and influence. Major developments have led to a greater diffusion of power in monetary affairs, both among states and between states...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1970
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02928900