Strumenti meccanico-discrezionali per variazioni di parità monetarie.
The paper is concerned primarily with the exchange rate, and more specifically with technical criteria for exchange rate adjustments in an international monetary system. Because of the interdependence, however, reference is also made to the domestic adjustment process and the availability of interna...
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| Format: | Article |
| Language: | Italian |
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Associazione Economia civile
2014-08-01
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| Series: | Moneta e Credito |
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| Online Access: | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/12587 |
| _version_ | 1811172776210333696 |
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| author | U. SACCHETTI |
| author_facet | U. SACCHETTI |
| author_sort | U. SACCHETTI |
| collection | DOAJ |
| description | The paper is concerned primarily with the exchange rate, and more specifically with technical criteria for exchange rate adjustments in an international monetary system. Because of the interdependence, however, reference is also made to the domestic adjustment process and the availability of international liquidity. The author assesses the suitability, chiefly from an operational point of view, of clearly defined indicators to serve as guidelines for exchange rate adjustments. The main contention is that indicators serving such a purpose can technically be constructed, but that there are limitations as to their reliability. For this reason, and for the inevitable infringement of national sovereignty which is involved, the role of discretion and judgement, both at the national and international level, is bound to remain important.
JEL: E42, F33
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| first_indexed | 2024-04-10T17:36:03Z |
| format | Article |
| id | doaj.art-c4b8ccfbea5042bb9401a52c74b1d3d0 |
| institution | Directory Open Access Journal |
| issn | 2037-3651 |
| language | Italian |
| last_indexed | 2024-04-10T17:36:03Z |
| publishDate | 2014-08-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | Moneta e Credito |
| spelling | doaj.art-c4b8ccfbea5042bb9401a52c74b1d3d02023-02-03T16:38:08ZitaAssociazione Economia civileMoneta e Credito2037-36512014-08-012510010.13133/2037-3651/12587Strumenti meccanico-discrezionali per variazioni di parità monetarie.U. SACCHETTIThe paper is concerned primarily with the exchange rate, and more specifically with technical criteria for exchange rate adjustments in an international monetary system. Because of the interdependence, however, reference is also made to the domestic adjustment process and the availability of international liquidity. The author assesses the suitability, chiefly from an operational point of view, of clearly defined indicators to serve as guidelines for exchange rate adjustments. The main contention is that indicators serving such a purpose can technically be constructed, but that there are limitations as to their reliability. For this reason, and for the inevitable infringement of national sovereignty which is involved, the role of discretion and judgement, both at the national and international level, is bound to remain important. JEL: E42, F33 https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/12587Exchange rateadjustmentsinternational monetary systemliquidity |
| spellingShingle | U. SACCHETTI Strumenti meccanico-discrezionali per variazioni di parità monetarie. Moneta e Credito Exchange rate adjustments international monetary system liquidity |
| title | Strumenti meccanico-discrezionali per variazioni di parità monetarie. |
| title_full | Strumenti meccanico-discrezionali per variazioni di parità monetarie. |
| title_fullStr | Strumenti meccanico-discrezionali per variazioni di parità monetarie. |
| title_full_unstemmed | Strumenti meccanico-discrezionali per variazioni di parità monetarie. |
| title_short | Strumenti meccanico-discrezionali per variazioni di parità monetarie. |
| title_sort | strumenti meccanico discrezionali per variazioni di parita monetarie |
| topic | Exchange rate adjustments international monetary system liquidity |
| url | https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/12587 |
| work_keys_str_mv | AT usacchetti strumentimeccanicodiscrezionalipervariazionidiparitamonetarie |