Articles and analyses from the INET community on the key economic questions of our time.


Fixed exchange rates

Dec 23, 2011

As we prepare to digest the implications of this week’s ECB move, it seems worthwhile to take a look at the monetary economics of fixed exchange rates.


John Whittaker: Eurosystem balances explained

Dec 12, 2011

[The following guest post is by John Whittaker, from whom we have learned much of what we know about how the European payments system works. See his terrific papers here and here, both of which reward close study. He has been looking over the last couple Money View posts, and the comments to those posts, and has this to say.]