On the Welfare Benefits of An International Currency:
Is it beneficial for a country''s currency to be used internationally? And, if so, can we quantify the benefit? Since the emergence of the euro, there has been great interest in the consequences of a transfer of the US dollar''s premier international role to the euro. Building on...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 07/49 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Is it beneficial for a country''s currency to be used internationally? And, if so, can we quantify the benefit? Since the emergence of the euro, there has been great interest in the consequences of a transfer of the US dollar''s premier international role to the euro. Building on recent advancements in the literature on search models of money, this paper presents a novel model-based approach towards assessing the welfare benefits associated with the international use of a country''s currency. The welfare gain for the Euro area in having the euro internationally used ranges from 1.7% to 2.1% of consumption |
| Beschreibung: | 1 Online-Ressource (37 p) |
| ISBN: | 1451866135 9781451866131 |
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| spelling | Kannan, Prakash Verfasser aut On the Welfare Benefits of An International Currency Kannan, Prakash Washington, D.C International Monetary Fund 2007 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/49 Is it beneficial for a country''s currency to be used internationally? And, if so, can we quantify the benefit? Since the emergence of the euro, there has been great interest in the consequences of a transfer of the US dollar''s premier international role to the euro. Building on recent advancements in the literature on search models of money, this paper presents a novel model-based approach towards assessing the welfare benefits associated with the international use of a country''s currency. The welfare gain for the Euro area in having the euro internationally used ranges from 1.7% to 2.1% of consumption Online-Ausg http://elibrary.imf.org/view/IMF001/05043-9781451866131/05043-9781451866131/05043-9781451866131.xml Verlag URL des Erstveröffentlichers Volltext |
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| title | On the Welfare Benefits of An International Currency |
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