Search results for " moneta"

Reforming the international financial and monetary system: from Keynes to Davidson and Stiglitz

2004

International audience; With the usual debates trumpeting the usual merits of fixed versus flexible exchange rates, or some various incarnations thereof, the authors draw attention to Keynes's original plan for an international clearing union. The paper takes a close look at Joseph Stiglitz's recent suggestions to deal with financial crises along with Paul Davidson's Keynes-Post Keynesian clearinghouse. In the former case, the analysis is left wanting: the author offers nothing more than simple solutions to a system in need of dramatic changes. On the other hand, Davidson's analysis of the current state of affairs requires more than mere "plumbing" and addresses the root causes of the crise…

Mujeres racializadas y protección social: un análisis de la acción interseccional del género, la etnia-raza y la clase en el proceso decisional que d…

2023

Mujeres racializadas y protección social: Un análisis de la acción interseccional del género, la etnia-raza y la clase en el proceso decisional que da forma a la política de protección social ejecutada a través de los programas de transferencias monetarias en el Perú (2001-2020) Esta tesis tuvo como objetivo general analizar la forma en que actúan e interactúan el género, la clase y la etnia-raza en el proceso de configuración de la política de protección social en el Perú, ejecutada a través de los programas de transferencias monetarias. Investigar estos programas ha sido relevante, dado que se han constituido en modelos de referencia para el diseño de políticas y sistemas de protección so…

Addressing the Pandemic in the Philippines Necessitates a New Economic Paradigm

2020

The International Monetary System in the Context of the Actual Financial Crisis. Change Proposals

2013

The International Monetary System (I.M.S.) has a crucial role in economy, representing the frame for a sustainable development of the economic relationships between states, while contributing at the progress of the world’s economies. Nowadays, this system confronts large difficulties, as a consequence of the lack of financial disciplinary instruments, meant at regulation and coordination. The actual economic-financial crisis proved the limits of the present I.M.S., reason why it is now under “reconstruction”. In this direction, there is a series of reforms that can be implemented, so that the new architecture of the system is much more solid.

Per un'etica degli scambi economici. La funzione civile del mercato in Eiximenis e nella pedagogia politica francescana (1273-1493)

2010

Nell’ultimo ventennio storici e filosofi hanno individuato e sottolineato i limiti di una scienza politica fondata unicamente su prospettive descrittive e normative, su modelli ermeneutici che costruiscono, su queste basi etiche pubbliche e categorie esplicative delle organizzazioni civili e politiche. In questa prospettiva, critica, è evidente l’opportunità di un approccio euristico capace di analizzare le parole, i lessemi di lunga durata —appartenenti al lessico politico— non come entità sigillate, chiuse nel loro valore semantico attuale, ma come termini, territori di confine di linguaggi, spie di una stratificazione epocale che restituisce a quelle parole densità storica e spessore con…

Monetary policy and exchange rate dynamics in the Spanish economy

1999

As the Spanish economy gets more integrated in international markets, the real exchange rate becomes a key determinant of the monetary transmission. In this paper we trace out the dynamic response of prices, output and the exchange rate following a monetary policy shock. We estimate a structural VAR model whose identification scheme is based on the long run properties common to a large class of models. The results suggest that a small model with efficient asset markets plus nominal inertia and long run monetary neutrality, captures the essential features of the monetary transmission mechanism in Spain. The interest rate shock is well identified and the exchange rate overshoots its long run …

Regional currencies and regional monetary zones in Latin America : what prospects ?

2009

9 p.; This paper aims at drawing lessons from Keynes's plan presented at the Bretton Woods conference, in order to help improving current regional monetary agreements in Latin America. Some promoters of the Bank of the South and the New Financial Architecture in Latin America are proposing to implement a regional clearing system designed to allow a multilateral offsetting of the liabilities and assets generated in the reciprocal transactions of member countries in words that the British economist certainly would not have denied. This system would be very different from current regional payments aggreements that maintain an implicit reference to the US dollar as reserve or payment currency.

Regional currencies and regional monetary zones in Latin America : whats prospects ?

2010

International audience; Reducing transaction costs and the need for international reserves is a primary objective to the establishment of regional payment agreements. Another objective, especially in the case of Latin America where the Ecuadorian promoters of the Bank of the South (Banco del Sur) and the New Regional Financial Architecture are planning the implementation of a regional clearing system, is to reduce member countries' dependence on the U.S. dollar as an international standard and reserve currency. To help improve the design of such agreements, this paper refers to the plan Keynes designed for the Bretton Woods conference. First, it observes that cases were made against this pl…

Counteracting counterfeiting? False money as a multidimensional justice issue in 16th and 17th century monetary analysis

2007

False money appeared as the general common issue in monetary debates that occured in European countries in the 16th and 17th centuries. It first refered to sovereignty, in a time of state-building, as well as to a serious economic problem. Beyond sovereignty and economy, justice and, then, the public faith, were endangered by those who devoted themselves to produce false coins. The thesis of this communication is that one cannot understand clearly the general topic of false money by reading texts of the time with today's general definition of false money. We propose, then, to identify the multiple dimensions of false money : counterfeiting (by individuals), degradations of coins (by individ…

The Euro and Monetary Policy Transparency

2002

This paper focuses on a possible explanation for the weakness of the euro, namely the lack of transparency of the European Central Bank's (ECB) monetary policy. In order to obtain a time-varying measure of monetary policy uncertainty in both the U.S. and Euroland, we estimate a Stochastic Volatility model using policy-adjusted short-term interest rates. We also analyze directly the impact of higher uncertainty on the euro-dollar exchange rate. The empirical findings are in line with those of other studies, and show that the U.S. Fed is more transparent than the ECB. This results in higher volatility of European interest rates, capital outflows, and a weaker euro vis-a-vis the U.S. dollar.