The Transformation of Trade and Monetary Regimes in Europe
نویسنده
چکیده
One approach to the relationship between trade and monetary zones is through recalling the three uses of money: means of settlement, numeraire, and store of value. The first two of these bring money and trade together, but the third is a separate matter. The rate of inflation can be chosen apart from the trade regime. For this reason it has not been self-evident whether the frontiers of monetary and trade regimes should coincide.
منابع مشابه
The Impact of Monetary and Exchange Policies on the Country’s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models
This paper uses the framework of new Keynesian school and the literature of the Dynamic Stochastic General Equilibrium (DSGE) model to build a general model that can be estimated for Iran economy. By simulating this model, the effects of the implementation of monetary and foreign exchange policies through policy instruments including bank interest rate, central bank international reserves and t...
متن کاملMonetary and Macro-prudential Policies: An Integrated Analysis
This paper studies the interaction between monetary and macro-prudential policies in a simple model with both nominal and financial frictions. The nominal friction gives rise to a conventional monetary policy objective emphasized in the New Keynesian literature. The financial friction, in the form of an occasionally binding collateral constraint, gives rise to a financial stability objective. ...
متن کاملAn Overview of Industrial Policies in Iran and Korea in 1960-2012
Primary objective of this paper is to explain why Korea has been successful in economic growth and industrial transformation while Iran has failed in this area. To explain the different performances of the two countries, we have looked at their initial level of industrialization, nature of political regimes and economic institutions, trade and industrial policies in the two countries. Our c...
متن کاملA New Heuristic Algorithm for Time-cost Trade-off Problem Taking into Account Monetary Value
Time-cost trade-off is one of the most important subjects in project management and of interest to contractors. The goal of time-cost trade-off is sensivity analysis of project costs to changes in activity duration in order to obtain the best combination of activity duration decrease, in a way that the sum of project costs is minimized. In the heuristics presented in this area, time crashing is...
متن کاملA New Heuristic Algorithm for Time-cost Trade-off Problem Taking into Account Monetary Value
Time-cost trade-off is one of the most important subjects in project management and of interest to contractors. The goal of time-cost trade-off is sensivity analysis of project costs to changes in activity duration in order to obtain the best combination of activity duration decrease, in a way that the sum of project costs is minimized. In the heuristics presented in this area, time crashing is...
متن کامل