Download or read book Argentina s Parallel Currency written by Georgina M Gomez and published by Routledge. This book was released on 2015-10-06 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the rise and fall of the Red de Trueque (launched in 1995 by a group of environmentalists who exchanged goods and services at their own 'market' using a system of mutual credit) in Argentina. This book identifies rules of governance and sustainability for institutional settings in which state regulation is minimal.
Download or read book Currency Substitution and Liberalization written by Ugo Fasano-Filho and published by Gower Publishing Company, Limited. This book was released on 1986 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dollar written by Ariel Wilkis and published by University of New Mexico Press. This book was released on 2023-12 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in Argentina in 2019 and now finally available in English, Luzzi and Wilkis's acclaimed book traces the history of the economic, social, and political relevance of the dollar in Argentina and its popularization over the years. How did the dollar come to play such a leading role in Argentina's national existence? How and why did this global currency become a local currency on the other end of the Western hemisphere? Through the reconstruction of the social and cultural history of the US dollar in Argentina, Luzzi and Wilkis provide original insight into this sidebar of the dollar's history, showing how it became a "local" currency even outside its country of origin.
Download or read book Hyperinflation Currency Board and Bust written by Jutta Maute and published by Peter Lang Publishing. This book was released on 2006 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally presented as the author's thesis (doctoral)--Universiteat Hohenheim, 2006.
Download or read book Beyond Capitalism written by Jeff Shantz and published by Bloomsbury Publishing USA. This book was released on 2013-04-25 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism as a global system barely allows the needs of the majority of the world's population to be met. Whether from an industrialized country such as the US or from South Africa, the need for an alternative can be felt all over the world. It is clear nowadays that, due to the non-democratic nature and inadequacies of capitalism, another system must take its place. Such a process has already begun through the cooperative movement, which this book examines along with other initiatives. Featuring essays by international scholars and activists from various spheres of the anti-capitalist left, the work features many examples from the north and the south, to cover both the historically-advanced and late capitalist economies. It discusses such initiatives as participatory economics, the Mondragon experience, worker cooperatives in Europe and Latin America, solidarity economy in South Africa, and more. Written in an accessible manner, Beyond Capitalism will be an invaluable resource for any student of social movements and political thought and for anyone looking for alternative to today's ongoing systemic crises.
Download or read book Parallel Currency Markets in Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-12-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy —including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets— in countries with a sizable parallel market are also examined.
Download or read book Central Banking Monetary Policy and the Future of Money written by Vallet, Guillaume and published by Edward Elgar Publishing. This book was released on 2022-08-16 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large, focusing on the specific relationship between central banking, monetary policy and the future of money.
Download or read book Currency Crisis written by Faridul Islam and published by MDPI. This book was released on 2019-10-16 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.
Download or read book The Big Problem of Small Change written by Thomas J. Sargent and published by Princeton University Press. This book was released on 2014-04-24 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Two leading economists, Thomas Sargent and François Velde, examine the evolution of Western European economies through the lens of one of the classic problems of monetary history--the recurring scarcity and depreciation of small change. Through penetrating and clearly worded analysis, they tell the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the "standard formula" was devised to address an age-old dilemma without causing inflation. One big problem had long plagued commodity money (that is, money literally worth its weight in gold): governments were hard-pressed to provide a steady supply of small change because of its high costs of production. The ensuing shortages hampered trade and, paradoxically, resulted in inflation and depreciation of small change. After centuries of technological progress that limited counterfeiting, in the nineteenth century governments replaced the small change in use until then with fiat money (money not literally equal to the value claimed for it)--ensuring a secure flow of small change. But this was not all. By solving this problem, suggest Sargent and Velde, modern European states laid the intellectual and practical basis for the diverse forms of money that make the world go round today. This keenly argued, richly imaginative, and attractively illustrated study presents a comprehensive history and theory of small change. The authors skillfully convey the intuition that underlies their rigorous analysis. All those intrigued by monetary history will recognize this book for the standard that it is.
Download or read book Understanding Dollarization written by Emre Ozsoz and published by Walter de Gruyter GmbH & Co KG. This book was released on 2016-05-24 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: A very commonly observed phenomenon in developing and emerging market economies is the use of another country’s currency (whether the US dollar or another currency) in lieu or in addition to the local currency. The most common type of this financial phenomenon is partial (de facto) dollarization where foreign currencies are used side by side with local currency for saving and borrowing purposes in addition to serving as medium of exchange. Governments in these countries have been encouraging dollarization for years by allowing their citizens to save and borrow from local banks in foreign currency. Yet the existence of multiple currencies on banks' balance sheets on both the asset and liability side poses risks to the health and stability of the banking system. This book evaluates the practical aspects of partial dollarization in countries such as Turkey, South Korea, Peru, and Cambodia among others. Starting with the origins of the phenomenon, the impact on banking systems and financial depth of the credit markets are discussed along with risks to the banking systems. Challenges faced by Central Banks and banking regulators are evaluated using recent country studies.
Download or read book Towards Just and Sustainable Economies written by North, Peter and published by Policy Press. This book was released on 2017-04-19 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: With capitalism in crisis - rising inequality, unsustainable resource depletion and climate change all demanding a new economic model - the Social and Solidarity Economy (SSE) has been suggested as an alternative. What can contribute in terms of generating livelihoods that provide a dignified life, meeting of social needs and building of sustainable futures? What can activists in both the global North and South learn from each other? In this volume academics from a range of disciplines and from a number of European and Latin American countries come together to question what it means to have a 'sustainable society' and to ask what role these alternative economies can play in developing convivial, humane and resilient societies, raising some challenging questions for policy-makers and citizens alike.
Download or read book Parallel Exchange Rates in Developing Countries written by Miguel A. Kiguel and published by Springer. This book was released on 2016-07-27 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: '...the most definitive study of the subject, assembling an all-star cast to address the many outstanding questions and succeeding beyond expectations in combining elegant theory and state of the art econometrics to reach very sensible policy conclusions.' - Mohsin S. Khan, Deputy Director, Research Department, International Monetary Fund ' This book fills an important vacuum in the literature of the economic consequences of parallel markets and should prove of great value to students of economic development and to policy-makers in developing countries as they struggle to reform their exchange rate and trade incentive systems. Here they will find all that they need to know.' - Vittorio Corbo, Professor of Economics, Universidad Catolica de Chile 'A most comprehensive treatment of the relationships between parallel foreign exchange markets and macroeconomic policies, both across countries and over time. The book substantially enhances our understanding of how these systems work in practice and will be of great interest to policy-makers, researchers and graduate students of economic policy.' - Samuel M. Wangwe, Professor of Economics, University of Dar es Salaam and Executive Director, Economic and Social Research Foundation, Dar es Salaam, Tanzania This book examines extensive empirical evidence on the macroeconomic implications of parallel exchange rates in developing countries. Eight case-studies from Africa, Latin America, and Turkey provide detailed evidence on the emergence of parallel exchange rates, their impact on macroeconomic performance, and the criteria for successful exchange-rate unification. A chapter on European dual exchange rates summarizes the contrasting experience of industrial countries. An overview chapter lays out the analytical framework, assesses the evidence, and draws policy conclusions.
Download or read book International Reports written by and published by . This book was released on 1985 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Currency Bank Funding and Global Factors written by Signe Krogstrup and published by International Monetary Fund. This book was released on 2018-05-09 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on the drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial intermediaries’ funding flows in different currencies. A concise portfolio model shows that the sign and magnitude of the response of foreign currency funding flows to global risk factors depend on the financial intermediary’s pre-existing currency exposure. An analysis of a rich dataset of European banks’ aggregate balance sheets lends support to the model predictions, especially in countries outside the euro area.
Download or read book International Finance and the Less Developed Countries written by Kate Phylaktis and published by Springer. This book was released on 1990-06-18 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume considers issues on the management of foreign debt, and the macroeconomic policies that developing countries should pursue. It looks at a variety of the aspects of this subject, such as the scope of securitization and debt reduction via voluntary conversions.
Download or read book Monetary Plurality in Local Regional and Global Economies written by Georgina M. Gómez and published by Routledge. This book was released on 2018-10-09 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea that each country should have one currency is so deeply rooted in people’s minds that the possibility of multiple and concurrent currencies seems unthinkable. Monetary systems contribute to problems of high unemployment and social distress during financial and economic crisis, so reforms to increase the responsiveness and flexibility of the monetary system can be part of the solution. This book discusses ‘monetary plurality’, which is the circulation of several currencies at the same time and space. It addresses how multiple currency circuits work together and transform socio-economic systems, particularly by supporting economies at the local level of regions and cities. The book shows that monetary plurality has been ubiquitous throughout history and persists at present because the existence of several currency circuits facilitates small-scale production and trade in a way that no single currency can accomplish on its own. Monetary plurality can improve resilience, access to livelihoods and economic sustainability. At the same time, it introduces new risks in terms of economic governance, so it needs to be properly understood. The book analyses experiences of monetary plurality in Europe, Japan, and North and South America, written by researchers from East and West and from the global North and South. Replete with case studies, this book will prove a valuable addition to any student or practitioner’s bookshelf.
Download or read book Hearings Reports and Prints of the Senate Committee on Banking and Currency written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1961 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt:
