The currency markets are dominated by the few greatest currencies (as $, €, ¥, £ …). Their strong influence is gathering many currencies around them. From the outside, it looks like a large group of correlated currencies. ...

The purpose of this article is to contribute to the discussion of the financial aspects of dollarization and optimum currency areas. Based on the model of self-fulfilling debt crisis developed by Cole and Kehoe [4], it is ...

This work consists of the verification of the influence of currency, more specifically of the money offered in the economic growth of a small open and federated economy as it is the case in Brazils small and middle towns. ...

We modify the Cole and Kehoe model by including domestic debt. According to the original model, a speculative attack on a high debt level issued abroad triggers external debt default. Here, it is possible to inflate away ...

El tipo de cambio o tasa de cambio es la relación entre el valor de una moneda y otra, es decir, nos indica cuántas monedas de una divisa se necesitan para obtener una unidad de otra. A nivel local se utiliza de manera ...

In this paper we look at various alternatives for monetary regimes: dollarization, monetary union and local currency. We use an extension of the debt crisis model of Cole and Kehoe ([3], [4] and [5]), although we do not ...

La dinámica de los Cross Currency Basis Spreads (en adelante, el basis) ha sido de interés durante los últimos años ya que estos spreads, que históricamente eran cercanos a cero, se han incrementado significativamente desde ...

Blockchain-based cryptocurrencies are a new group of digital currency. By allowing a highly decentralization, without the need of a central issuer to control the digital system, those new currencies have been created with ...