Grimme, Christian; Šauer, Radek; Wollmershäuser, Timo - 2019
currency is usually diagnosed on the basis of an observed change in the exchange rate. However, it is often overlooked that … exchange rates also react to economic policy measures that were not decided with the aim of influencing the exchange rate … exchange rate directly as an instrument and devalue their currency against the euro. The most significant short-term effects …