THE BENEFITS AND RISKS OF FINANCIAL GLOBALIZATION (2008)
It is by now almost impossible to conceive of a world without a global financial system. To be sure, large numbers of low-income developing countries have little access to that system. But most...
What’s Missing? (2001) and editor of Managing the World Economy: Fifty Years After Bretton (2003)
Euro Close Together, Or Far Apart, Peter B. Kenen, Ellen E. Meade, Woods Ellen, E. Meade, ...
research fellow at the Centre for Economic
Why Britain shoud join the euro (2002)
Layard, Richard, Buiter, Willem H., Huhne, Christopher, Hutton, Will, Kenen, Peter B., Turner, Adair
Currency areas, policy domains, and the institutionalization of fixed exchange rates (2000)
Emerging-market countries are being urged to choose between freely floating exchange rates and firmly fixed rates supported by strong institutional arrangementsûcurrency boards, monetary unions, or...
Currency areas, policy domains, and the institutionalization of fixed exchange rates (2000)
Emerging-market countries are being urged to choose between freely floating exchange rates and firmly fixed rates supported by strong institutional arrangementsûcurrency boards, monetary unions, or...
Economía internacional / Peter B. Kenen (1968)
Traducción de: The international economy
Exchange Rates and Policy Coordination in an Asymmetric Model
This paper extends earlier work (Kenen, 1987a, 1987b) on the ranking of exchange rate regimes. Using a two-country portfolio- balance model, i t asks how pegged and floating exchange rates affect...
The International Financial Architecture: Old Issues and New Initiatives.
Reform of the international financial architecture has made progress but has not dealt decisively with the need to involve private sector creditors in resolving debt-related crises. It has relied...
How Useful Is an EC-Wide Monetary Aggregate as an Intermediate Target for Europe?
Bayoumi, Tamim A, Kenen, Peter B
This paper looks at whether the aggregate ERM money supply has been a useful predictor of short-term changes in inflation and growth, and of long-term trends in price levels among the core ERM...
If the European Central Bank (ECB) adopts the proposals of the European Monetary Institute, the formulation of monetary policy for the euro area will be centralized but its implementation will be...
The New International Financial Architecture: Reconstruction, Renovation, or Minor Repair?
The Finance Ministers of the G-7 countries appear to believe that they have completed their work on the new architecture of the international financial system. However, key issues have not been...
Exchange Rates and Policy Coordination in an Asymmetric Model
This paper extends earlier work (Kenen, 1987a, 1987b) on the ranking of exchange rate regimes. Using a two-country portfolio-balance model, it asks how pegged and floating exchange rates affect each...
DEBT BUYBACKS AND FORGIVENESS IN A MODEL WITH VOLUNTARY REPUDIATION
Debt reduction is usually analyzed in models where default is involuntary and the gains from debt reduction derive from various disincentives linked to a large debt overhang. This paper uses a model...
Using an EC-Wide Monetary Aggregate in Stage Two of EMU
European Economic and Monetary Union , Monetary policy , European Monetary System , Monetary aggregates ,
Intramarginal Intervention in the EMS and the Target-Zone Model of Exchange-Rate Behavior
Kathryn M. Dominguez, Peter B. Kenen
Empirical work on exchange-rate behavior under a target-zone regime has used data produced by the European Monetary System (ENS) and has found that the data contradict important predictions made by...
Currency Areas, Policy Domains, and the Institutionalization of Fixed Exchange Rates
Emerging-market countries are being urged to choose between freely floating exchange rates and firmly fixed rates supported by strong institutional arrangementsûcurrency boards, monetary unions, or...
The International Monetary System
Kenen,Peter B., Papadia,Francesco, Saccomanni,Fabrizio
In the last two decades international monetary relations have been characterised by latent instability, and more recently by severe tensions. Yet the issue of reforming the international monetary...
Kenen,Peter B., Meade,Ellen E.
This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the...
Asset Markets and Exchange Rates
Allen,Polly Reynolds, Kenen,Peter B.
This paperback edition consists of the first three parts of Allen and Kenen’s major book, Asset Markets, Exchange Rates, and Economic Integration. These three parts stand alone, as the authors...
Kenen,Peter B., Meade,Ellen E.
This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the...