AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
CFR curses monetary sovereignty.(Insider Report)(Brief Article)
"Only by eliminating the deadly germ of monetary sovereignty will currency crises become yesterday's disease, and will globalization live up to its economic and political promise." So wrote Benn Steil, a Senior Fellow in international economics at the Council on Foreign Relations, in a Wall Street Journal op-ed for April 22. Mr. Steil's article, entitled "The Curse of Currency Autarky," claims that "financial crises will continue to emerge so long as governments continue to inject autarkic national currencies into internationally integrated national economies."
Autarky, a condition or policy of national economic independence and self-sufficiency, used to be considered a good thing. Along about the 1960s, however, CFR policy wonks began a campaign to deprecate the word and the concept, associating it with anarchy. Autarky--national independence--would not be tolerated in the CFR-planned interdependent ...
- The uselessness of monetary sovereignty.(European economy)
- Magazine article from: The Cato Journal Schwartz, Pedro March 22, 2004 700+ words
...The defenders of the euro, pointing at the fact that national currencies are too small for an independent macroeconomic policy...best. Equally one may say to those wishing to retain monetary sovereignty that there is little point in wanting to control monetary...
- Measure for measure in Euroland.(funds managers may attempt to use euro to...
- Magazine article from: The Economist (US) June 13, 1998 700+ words
...translate past returns, earned in national currencies, into euros. To see how this might...the ecu, a basket of Europe's national currencies, as the real euro will be. Now...companies' share prices in their old national currencies, translating the new euro prices...
- Poles have exchanged former European national currencies into EUR 30 mln at...
- Newspaper article from: Poland Business News December 12, 2002 700+ words
Poles have exchanged former European national currencies into EUR 30 mln at Polish banks Warsaw. December...have so far exchanged EUR 30 mln worth of former national currencies discontinued by the introduction of the euro, the...
- Average monthly prices for selected commodities in [euro] and other national...
- Magazine article from: Agra Europe April 1, 2005 700+ words
...prices for selected commodities in [euro] and other national currencies *, February 2005 Germany France Italy Nether- lands...n.c./kg -- 2.13 -- -- -- Notes: * National currencies for UK and Denmark only; Grains: wholesale prices...
- Monetary Sovereignty: The Politics of Central Banking in Western Europe.
- Magazine article from: West European Politics Matthews, Kent October 1, 1993 700+ words
...issues are not ignored. This chapter highlights the concern within the Bundesbank about the potential loss of monetary sovereignty in the cooperative game -- a concern that has grown with the realisation of the cost of German reunification...
- Monetary sovereignty, exchange rates, and capital controls: the trilemma in the...
- Magazine article from: IMF Staff Papers Obstfeld, Maurice Shambaugh, Jay C. Taylor, Alan M. January 1, 2004 700+ words
...central predictions of the trilemma. To what extent do countries that peg and have open capital markets lose their monetary sovereignty? And do they recoup it when they resolve the trilemma in other ways--either by allowing the exchange rate...
- Dollarization and monetary sovereignty: the case of Argentina.
- Magazine article from: Economic Commentary (Cleveland) Altig, David E. Humpage, Owen F. September 15, 1999 700+ words
...between enhanced credibility that can be bought with dollarization and the loss of options that are inherent in monetary sovereignty. Of particular concern is the possibility that dissolution of a nation's central bank makes the country particularly...
- Europe's national currencies: Jonathan Williams and Andrew Meadows review the...
- Magazine article from: History Today Williams, Jonathan Meadows, Andrew January 1, 2002 700+ words
...have been the only one in Europe to use the French franc. The French franc is arguably the oldest of the twelve national currencies to be supplanted by the euro. The franc was a child of the Revolution. The upheaval that brought death to the...
