Inertia in the key currency
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Obstfeld, Maurice, 1981.
"Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation,"
Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1142-1161, December.
- Maurice Obstfeld, 1980. "Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation," NBER Working Papers 0599, National Bureau of Economic Research, Inc.
- William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 66(4), pages 545-556.
- Edward L. Whalen, 1966. "A Rationalization of the Precautionary Demand for Cash," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 314-324.
- John F. O. Bilson & Richard C. Marston, 1984. "Exchange Rate Theory and Practice," NBER Books, National Bureau of Economic Research, Inc, number bils84-1.
- Kiminori Matsuyama & Nobuhiro Kiyotaki & Akihiko Matsui, 1993.
"Toward a Theory of International Currency,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(2), pages 283-307.
- Kiminori Matsuyama, 1991. "Toward a Theory of International Currency," Discussion Papers 931, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Calvo, Guillermo A., 1981. "Devaluation: Levels versus rates," Journal of International Economics, Elsevier, vol. 11(2), pages 165-172, May.
- McKinnon, Ronald I., 1979. "Money in International Exchange: The Convertible Currency System," OUP Catalogue, Oxford University Press, number 9780195024098.
- Paul R. Krugman, 1984. "The International Role of the Dollar: Theory and Prospect," NBER Chapters, in: Exchange Rate Theory and Practice, pages 261-278, National Bureau of Economic Research, Inc.
- Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, April.
- Calvo, Guillermo A., 1985. "Currency substitution and the real exchange rate: the utility maximization approach," Journal of International Money and Finance, Elsevier, vol. 4(2), pages 175-188, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- GOTO Mizuki & HAYAKAWA Kazunobu & KOIBUCHI Satoshi & YOSHIMI Taiyo, 2023. "Export Experience and the Choice of Invoice Currency: Evidence from a questionnaire survey of Japanese SMEs," Discussion papers 23032, Research Institute of Economy, Trade and Industry (RIETI).
- OGAWA Eiji & MUTO Makoto, 2018. "What Determines Utility of International Currencies?," Discussion papers 18077, Research Institute of Economy, Trade and Industry (RIETI).
- OGAWA Eiji & MUTO Makoto, 2017. "Declining Japanese Yen and Inertia of the U.S. Dollar," Discussion papers 17018, Research Institute of Economy, Trade and Industry (RIETI).
- Ahmed Mehedi Nizam, 2023. "An analysis of transnational transfer of wealth through cross-border financial transactions," SN Business & Economics, Springer, vol. 3(1), pages 1-31, January.
- OGAWA Eiji & MUTO Makoto, 2016. "Inertia of the U.S. Dollar as a Key Currency through the Two Crises," Discussion papers 16038, Research Institute of Economy, Trade and Industry (RIETI).
- Eiji Ogawa & Makoto Muto, 2019. "What Determines Utility of International Currencies?," JRFM, MDPI, vol. 12(1), pages 1-31, January.
- Nizam, Ahmed Mehedi, 2021. "Redistribution of wealth through cross border financial transactions: A closer look," MPRA Paper 109374, University Library of Munich, Germany.
- Thomas Plümper & Vera E. Troeger, 2006. "Fear of Floating and the External Effects of Currency Unions," The Institute for International Integration Studies Discussion Paper Series iiisdp181, IIIS.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- OGAWA Eiji & MUTO Makoto, 2018. "What Determines Utility of International Currencies?," Discussion papers 18077, Research Institute of Economy, Trade and Industry (RIETI).
- OGAWA Eiji & MUTO Makoto, 2016. "Inertia of the U.S. Dollar as a Key Currency through the Two Crises," Discussion papers 16038, Research Institute of Economy, Trade and Industry (RIETI).
- Eiji Ogawa & Makoto Muto, 2019. "What Determines Utility of International Currencies?," JRFM, MDPI, vol. 12(1), pages 1-31, January.
- OGAWA Eiji & MUTO Makoto, 2017. "Declining Japanese Yen and Inertia of the U.S. Dollar," Discussion papers 17018, Research Institute of Economy, Trade and Industry (RIETI).
- Kannan, Prakash, 2009.
"On the welfare benefits of an international currency,"
European Economic Review, Elsevier, vol. 53(5), pages 588-606, July.
- Prakash Kannan, 2007. "On The Welfare Benefits Of An International Currency," 2007 Meeting Papers 29, Society for Economic Dynamics.
- Frankel, Jeffrey, 2012.
"Internationalization of the RMB and Historical Precedents,"
Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 27, pages 329-365.
- Frankel, Jeffrey A., 2012. "Internationalization of the RMB and Historical Precedents," Scholarly Articles 10592469, Harvard Kennedy School of Government.
- Menzie Chinn & Jeffrey Frankel, 2008.
"Why the Euro Will Rival the Dollar,"
International Finance, Wiley Blackwell, vol. 11(1), pages 49-73, May.
- Chinn, Menzie & Frankel, Jeffrey A., 2008. "Why the Euro Will Rival the Dollar," Scholarly Articles 27305995, Harvard Kennedy School of Government.
- Barry Eichengreen & Domenico Lombardi, 2017.
"RMBI or RMBR? Is the Renminbi Destined to Become a Global or Regional Currency?,"
Asian Economic Papers, MIT Press, vol. 16(1), pages 35-59, Winter/Sp.
- Barry Eichengreen & Domenico Lombardi, 2015. "RMBI or RMBR: Is the Renminbi Destined to Become a Global or Regional Currency?," NBER Working Papers 21716, National Bureau of Economic Research, Inc.
- Seghezza, Elena & Morelli, Pierluigi, 2018. "Rule of law and balance of power sustain US dollar preeminence," Journal of Policy Modeling, Elsevier, vol. 40(1), pages 16-36.
- Barry Eichengreen & Arnaud Mehl & Livia Chiţu & Thorsten Beck, 2019.
"Mars or Mercury? The geopolitics of international currency choice,"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 34(98), pages 315-363.
- Barry Eichengreen & Arnaud J. Mehl & Livia Chitu, 2017. "Mars or Mercury? The Geopolitics of International Currency Choice," NBER Working Papers 24145, National Bureau of Economic Research, Inc.
- Barry Eichengreen & Chitu Livia & Arnaud Mehl, 2014.
"Stability or upheaval? The currency composition of international reserves in the long run,"
Globalization Institute Working Papers
201, Federal Reserve Bank of Dallas.
- Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia, 2014. "Stability or upheaval? The currency composition of international reserves in the long run," Working Paper Series 1715, European Central Bank.
- Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics.
- Menzie Chinn, 2015. "Emerging Market Economies and the Next Reserve Currencies," Open Economies Review, Springer, vol. 26(1), pages 155-174, February.
- Ayoub Yousefi, 2000. "Merchandise Trade Balances of Less Developed Countries and Exchange Rate of the U.S. Dollar: Cases of Iran, Venezuela & Saudi Arabia," Working Papers 00002, University of Waterloo, Department of Economics, revised Feb 2000.
- Meng, Jingjing, 2016. "Asian emerging-market currencies in the international debt market (1994–2014)," Journal of Asian Economics, Elsevier, vol. 42(C), pages 20-32.
- Pierre-Olivier Gourinchas & Hélène Rey & Maxime Sauzet, 2019.
"The International Monetary and Financial System,"
Annual Review of Economics, Annual Reviews, vol. 11(1), pages 859-893, August.
- Pierre-Olivier Gourinchas & Hélène Rey & Maxime Sauzet, 2019. "The International Monetary and Financial System," NBER Working Papers 25782, National Bureau of Economic Research, Inc.
- Rey, Hélène & Gourinchas, Pierre-Olivier & Sauzet, Maxime, 2019. "The International Monetary and Financial System," CEPR Discussion Papers 13714, C.E.P.R. Discussion Papers.
- Gourinchas, Pierre-Olivier & Rey, Hélène & Sauzet, Maxime, 2019. "The International Monetary and Financial System," Department of Economics, Working Paper Series qt19n967tz, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- McCauley, R.N., 1997.
"The Euro and the Dollar,"
Princeton Essays in International Economics
205, International Economics Section, Departement of Economics Princeton University,.
- Robert N. McCauley, 1997. "The euro and the dollar," BIS Working Papers 50, Bank for International Settlements.
- Takatoshi Ito & Satoshi Koibuchi & Kiyotaka Sato & Junko Shimizu, 2010. "Why has the yen failed to become a dominant invoicing currency in Asia? A firm-level analysis of Japanese Exporters' invoicing behavior," NBER Working Papers 16231, National Bureau of Economic Research, Inc.
- SAWADA Yasuyuki & Pan A. YOTOPOULOS, 2001. "Currency Substitution, Speculation and Crises: Theory and Empirical Analysis," ESRI Discussion paper series 007, Economic and Social Research Institute (ESRI).
- Devereux, Michael B. & Shi, Kang & Xu, Juanyi, 2007.
"Global monetary policy under a dollar standard,"
Journal of International Economics, Elsevier, vol. 71(1), pages 113-132, March.
- Devereux, Michael B & Shi, Kang & Xu, Juanyi, 2004. "Global Monetary Policy Under a Dollar Standard," CEPR Discussion Papers 4317, C.E.P.R. Discussion Papers.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:japwor:v:10:y:1998:i:4:p:421-439. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505557 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.