Toward a theory of international currency : a step further

Detalhes bibliográficos
Autor(a) principal: Trejos, Alberto
Data de Publicação: 1995
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12380
Resumo: We generalize the two-country, two-currency model of Matsuyama, Kiyotaki and Matsui to resolve two 'shortcomings' in their approach. First, we endogenize prices and excb.ange rates. Second, we introduce monetary policy. We then use the model to address the following new questions: How does the fact that a currency circulates intemationally affect its purcb.asing power? Where does an intemational currency purcb.ase more? What are the effects on seignorage and welfare when a currency becomes intemational? How is policy affected by concems of currency substitution? How are national monetary policies connected, and what is the scope for international cooperation?
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spelling Trejos, AlbertoEscolas::EPGEFGV2014-11-11T12:57:54Z2014-11-11T12:57:54Z1995-09-06http://hdl.handle.net/10438/12380We generalize the two-country, two-currency model of Matsuyama, Kiyotaki and Matsui to resolve two 'shortcomings' in their approach. First, we endogenize prices and excb.ange rates. Second, we introduce monetary policy. We then use the model to address the following new questions: How does the fact that a currency circulates intemationally affect its purcb.asing power? Where does an intemational currency purcb.ase more? What are the effects on seignorage and welfare when a currency becomes intemational? How is policy affected by concems of currency substitution? How are national monetary policies connected, and what is the scope for international cooperation?engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessToward a theory of international currency : a step furtherinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaMoedaPolítica monetáriareponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000087388.pdf000087388.pdfapplication/pdf1833032https://repositorio.fgv.br/bitstreams/b8234e9b-ee32-4ae2-82f1-2d2227ebbec4/download9732c15fa0f9a0d2df3a51d083bfb365MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/ecfa00f4-5382-40e3-9406-106daf7392af/downloaddfb340242cced38a6cca06c627998fa1MD52TEXT000087388.pdf.txt000087388.pdf.txtExtracted 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dc.title.eng.fl_str_mv Toward a theory of international currency : a step further
title Toward a theory of international currency : a step further
spellingShingle Toward a theory of international currency : a step further
Trejos, Alberto
Economia
Moeda
Política monetária
title_short Toward a theory of international currency : a step further
title_full Toward a theory of international currency : a step further
title_fullStr Toward a theory of international currency : a step further
title_full_unstemmed Toward a theory of international currency : a step further
title_sort Toward a theory of international currency : a step further
author Trejos, Alberto
author_facet Trejos, Alberto
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Trejos, Alberto
dc.subject.area.por.fl_str_mv Economia
topic Economia
Moeda
Política monetária
dc.subject.bibliodata.por.fl_str_mv Moeda
Política monetária
description We generalize the two-country, two-currency model of Matsuyama, Kiyotaki and Matsui to resolve two 'shortcomings' in their approach. First, we endogenize prices and excb.ange rates. Second, we introduce monetary policy. We then use the model to address the following new questions: How does the fact that a currency circulates intemationally affect its purcb.asing power? Where does an intemational currency purcb.ase more? What are the effects on seignorage and welfare when a currency becomes intemational? How is policy affected by concems of currency substitution? How are national monetary policies connected, and what is the scope for international cooperation?
publishDate 1995
dc.date.issued.fl_str_mv 1995-09-06
dc.date.accessioned.fl_str_mv 2014-11-11T12:57:54Z
dc.date.available.fl_str_mv 2014-11-11T12:57:54Z
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/12380
url http://hdl.handle.net/10438/12380
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Seminários de pesquisa econômica da EPGE
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
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