000028438 001__ 28438
000028438 005__ 20131209145629.0
000028438 0248_ $$aoai:doc.rero.ch:20120130171059-EB$$pinfonet_economy$$ppreprint$$punisi$$prero_explore$$pcdu33$$zthesis_urn$$zreport$$zthesis$$zbook$$zjournal$$zcdu16$$zpostprint$$zcdu1$$zdissertation$$zcdu34
000028438 041__ $$aeng
000028438 080__ $$a33
000028438 100__ $$aCencini, Alvaro$$uIstituto di economia politica (IdEP), Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
000028438 245__ $$9eng$$aWhat future for the international and the European monetary systems?
000028438 269__ $$c2001
000028438 300__ $$a22 p
000028438 520__ $$9eng$$aThe process of globalization affecting goods and financial markets  together with the increase in capital mobility have led economists to  reconsider the problem of exchange rates. The aim of this paper is to  consider the ‘soft’ peg and the ‘hard’ peg exchange rates solutions in  order to show: 1. that each of them entails serious drawbacks for the  countries implementing it; and 2. that the same desired result – exchange  rate stability – may be reached by means of an alternative solution that  preserves monetary sovereignty and does not require any intervention  on the foreign exchange market. Countries should not be forced to  choose between fixed or flexible exchange rates, but between the  present structure of international payments and a reformed system  ensuring exchange rate stability.
000028438 695__ $$9eng$$aMoney ; exchange rates ; international monetary system ; international payments
000028438 8564_ $$fwp0106.pdf$$qapplication/pdf$$s64277$$uhttp://doc.rero.ch/record/28438/files/wp0106.pdf$$yorder:1$$zTexte intégral
000028438 918__ $$aFacoltà di scienze economiche$$bVia Giuseppe Buffi 13, CH-6904 Lugano
000028438 919__ $$aUniversità della Svizzera italiana$$bLugano$$ddoc.support@rero.ch
000028438 980__ $$aPREPRINT$$bUNISI
000028438 990__ $$a20120130171059-EB