John Paschakis
Keele University
3 Papers
48 Citations
John Paschakis is an academic researcher from Keele University. The author has contributed to research in topics: Monetary policy & Liberian dollar. The author has an hindex of 3, co-authored 3 publications. Previous affiliations of John Paschakis include University of York.
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Papers
The future of the dollar–euro exchange rate
Simon Neaime,John Paschakis +1 more
TL;DR: In this paper, the authors consider two important issues regarding the euro: its global role as medium of exchange, unit of account, and store of value and its position relative to the U.S. dollar.
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Is monetary sovereignty an option for the small open economy
TL;DR: In this paper, the authors suggest a mechanism by which a small open economy can achieve an independent monetary policy and lower real interest rates even in a highly integrated global or regional trading environment, based on the observation that orderly capital outflow, as opposed to capital flight, represents a net increment to a nation's credit position vis-a-vis the rest of the world and may therefore indirectly reduce the risk premium demanded by those holding assets denominated in the national currency.
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Exchange risk and the supply-side effects of real interest rate changes
John Paschakis,John Smithin +1 more
TL;DR: In this article, the authors studied the supply-side effects of real interest rate changes in a small open economy and found that a reduction of domestic real rates relative to foreign rates brings significant benefits in terms of increased real output and employment and an improvement in the current account.
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