Linked Data Explorerhttp://worldcat.org/entity/work/id/140510256
Policy coordination in an international payment system
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http://schema.org/about
- http://id.loc.gov/authorities/subjects/sh85098898
- http://id.loc.gov/authorities/subjects/sh85050500
- http://id.loc.gov/authorities/subjects/sh85026912
- http://id.worldcat.org/fast/931798
- http://experiment.worldcat.org/entity/work/data/140510256#Topic/paiement_modeles_econometriques
- http://id.loc.gov/authorities/subjects/sh85067405
- http://experiment.worldcat.org/entity/work/data/140510256#Topic/finances_internationales_modeles_econometriques
- http://id.worldcat.org/fast/976950
http://schema.org/description
- "Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital question is what form should optimal policy take when there are two connected payment systems with separate regulators. In this paper I show that two central banks operating in a non-cooperative way will not have an incentive to achieve the optimal allocation of goods. I further show that this non-cooperative outcome will be supported by a zero intraday interest rate and constant fixed exchange rate. This is in contrast to recent research; which has shown that domestically a zero intraday interest rate will achieve a social optimum and that the central bank has an incentive to achieve it. -- Payment, clearing, and settlement systems ; Exchange rate regimes"
http://schema.org/genre
- "Electronic books"
http://schema.org/name
- "Policy coordination in an international payment system"
- "Policy coordination in an international payment system"@en
- "Policy Coordination in an International Payment System"