The political economy of failure: The euro as an international currency
نویسندگان
چکیده
منابع مشابه
The euro as an international currency: explaining puzzling first evidence from the foreign exchange markets
This paper presents evidence that the bid-ask spreads in euro rates increased relative to the corresponding bid-ask spreads in the German mark (DM) prior to the creation of the currency union. This comes with a decrease in transaction volume in the euro rates relative to the previous DM rates. The starkest example is the DM(euro)/yen rate in which the spread has risen by almost two-thirds while...
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A summary will be available in all the Community languages. The opinions expressed is this working paper are those of the authors and do not necessarily reflect the position of the European Parliament. Reproduction and translation for non commercial purposes are authorised, provided the source is acknowledged and the publisher is given prior notice and sent a copy.
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چکیده ندارد.
The Political Economy of International Trade
One of the most salient changes in the world economy since 1980 has been the move toward freer trade among countries across the globe. How do existing theories about trade policy explain this puzzle? Three sets of explanations are prominent. First, many focus on changes in trade policy preferences among domestic actors, either societal groups or political leaders. Second, scholars examine chang...
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ژورنال
عنوان ژورنال: Review of International Political Economy
سال: 2014
ISSN: 0969-2290,1466-4526
DOI: 10.1080/09692290.2014.891242