Abstract
This article provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign exchange restrictions for 194 countries and ...territories over 1946–2016. We find that the often cited post–Bretton Woods transition from fixed to flexible arrangements is overstated; regimes with limited flexibility remain in the majority. Even if central bankers’ communications jargon has evolved considerably in recent decades, it is apparent that many still place a large implicit weight on the exchange rate. The U.S. dollar scores as the world's dominant anchor currency by a very large margin. By some metrics, its use is far wider today than 70 years ago. In contrast, the global role of the euro appears to have stalled. We argue that in addition to the usual safe assets story, the record accumulation of reserves since 2002 may also have to do with many countries’ desire to stabilize exchange rates in an environment of markedly reduced exchange rate restrictions or, more broadly, capital controls: an important amendment to the conventional portrayal of the macroeconomic trilemma.
Rights without resources Chilton, Adam S; Versteeg, Mila
The Journal of law & economics,
11/2017, Letnik:
60, Številka:
4
Journal Article
Recenzirano
Odprti dostop
Constitutions around the world have come to protect a growing number of social rights. This constitutionalization of social rights has generally been met with approval from academics, human-rights ...activists, and policy makers. But despite this widespread support, there is hardly any evidence on whether the inclusion of rights in constitutions changes how governments provide social services to their citizens. We take up this question by studying the effect of adopting the constitutional rights to education and health care on government spending. Using a data set of 196 countries’ constitutional rights and data from the World Development Indicators, we employ a variety of empirical tests to examine if the rights to education and health care are associated with increases in government spending. Our results suggest that the adoption of these social rights is not associated with statistically significant or substantively meaningful increases in government spending on education or health care.
Donald Iverson, PhD DSc(Hon) (1946-2016) Green, Lawrence W.; Green, Larry A.; Portnoy, Barry ...
Supportive care in cancer,
09/2016, Letnik:
24, Številka:
9
Journal Article
Recenzirano
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An obituary is presented for Professor Donald Iverson, who passed away from cancer on Mar 18, 2016. His passion to improve the quality of care and thereby improve patient outcomes was transmitted to ...a variety of audiences in a logical, careful fashion, often laced with humor and self-deprecation.
This paper develops residual-based monitoring procedures for cointegrating polynomial regressions (CPRs), i.e., regression models including deterministic variables and integrated processes, as well ...as integer powers, of integrated processes as regressors. The regressors are allowed to be endogenous, and the stationary errors are allowed to be serially correlated. We consider five variants of monitoring statistics and develop the results for three modified least squares estimators for the parameters of the CPRs. The simulations show that using the combination of self-normalization and a moving window leads to the best performance. We use the developed monitoring statistics to assess the structural stability of environmental Kuznets curves (EKCs) for both CO2 and SO2 emissions for twelve industrialized countries since the first oil price shock.
Provider: - Institution: Grodzka Gate – NN Theatre - Data provided by Europeana Collections- Relacja mówiona zarejestrowana w ramach Programu Historia Mówiona realizowanego w Ośrodku "Brama Grodzka - ...Teatr NN" (www.historiamowiona.teatrnn.pl). Wyraża ona wyłącznie subiektywne wspomnienia i poglądy świadka historii, które nie mogą być utożsamiane z oficjalnym stanowiskiem Ośrodka.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
Provider: - Institution: Grodzka Gate – NN Theatre - Data provided by Europeana Collections- Relacja mówiona zarejestrowana w ramach Programu Historia Mówiona realizowanego w Ośrodku "Brama Grodzka - ...Teatr NN" (www.historiamowiona.teatrnn.pl). Wyraża ona wyłącznie subiektywne wspomnienia i poglądy świadka historii, które nie mogą być utożsamiane z oficjalnym stanowiskiem Ośrodka.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
Provider: - Institution: Grodzka Gate – NN Theatre - Data provided by Europeana Collections- Relacja mówiona zarejestrowana w ramach Programu Historia Mówiona realizowanego w Ośrodku "Brama Grodzka - ...Teatr NN" (www.historiamowiona.teatrnn.pl). Wyraża ona wyłącznie subiektywne wspomnienia i poglądy świadka historii, które nie mogą być utożsamiane z oficjalnym stanowiskiem Ośrodka.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
Provider: - Institution: Grodzka Gate – NN Theatre - Data provided by Europeana Collections- Relacja mówiona zarejestrowana w ramach Programu Historia Mówiona realizowanego w Ośrodku "Brama Grodzka - ...Teatr NN" (www.historiamowiona.teatrnn.pl). Wyraża ona wyłącznie subiektywne wspomnienia i poglądy świadka historii, które nie mogą być utożsamiane z oficjalnym stanowiskiem Ośrodka.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
Provider: - Institution: Grodzka Gate – NN Theatre - Data provided by Europeana Collections- Relacja mówiona zarejestrowana w ramach Programu Historia Mówiona realizowanego w Ośrodku "Brama Grodzka - ...Teatr NN" (www.historiamowiona.teatrnn.pl). Wyraża ona wyłącznie subiektywne wspomnienia i poglądy świadka historii, które nie mogą być utożsamiane z oficjalnym stanowiskiem Ośrodka.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
Provider: - Institution: Grodzka Gate – NN Theatre - Data provided by Europeana Collections- Relacja mówiona zarejestrowana w ramach Programu Historia Mówiona realizowanego w Ośrodku "Brama Grodzka - ...Teatr NN" (www.historiamowiona.teatrnn.pl). Wyraża ona wyłącznie subiektywne wspomnienia i poglądy świadka historii, które nie mogą być utożsamiane z oficjalnym stanowiskiem Ośrodka.- All metadata published by Europeana are available free of restriction under the Creative Commons CC0 1.0 Universal Public Domain Dedication. However, Europeana requests that you actively acknowledge and give attribution to all metadata sources including Europeana
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