We estimate the effects of quantitative easing (QE) measures by the ECB and the Federal Reserve on the US dollar-euro … 2016 depreciated the euro vis-à-vis the US dollar by 12%. Regarding transmission channels, we find that a relative QE shock … that expands the ECB's balance sheet relative to that of the Federal Reserve depreciates the US dollar-euro exchange rate …

This study analyzes the time series behavior of the real exchange rates based on the Harmonized Index of Consumer … European Monetary Union. Country pair specific tests show that the real exchange rates are typically random walks and their … components are in general not cointegrated. Real exchange rates of tradable goods do not display a systematically different time …

177 countries and the euro area. Our dataset, which is frequently updated, includes more than twice as many observations … estimates. By considering two widely studied economic issues, unit root testing in real exchange rates and nominal exchange rate … forecasting with the real exchange rate, we find that using a version of real exchange rates based on approximated monthly price …

characteristics of these differing series are examined, including the exchange rates for the U.S., the euro area and several East …Several alternative measures of "effective" exchange rates are discussed in the context of their theoretical … exchange rates available are illustrated in several case studies from current interest: (i) evaluating exchange rate …

177 countries and the euro area. Our dataset, which is frequently updated, includes more than twice as many observations … estimates. By considering two widely studied economic issues, unit root testing in real exchange rates and nominal exchange rate … forecasting with the real exchange rate, we find that using a version of real exchange rates based on approximated monthly price …

investment climate in Europe during the adjustment period would generate an immediate depreciation of the euro relative to the …In this paper we examine the behavior of interest rates and exchange rates following a variety of shocks to the …

euro and USD to yen decreased gold prices in the short term only on five occasions. Consistent with the market efficiency …-19 crisis to determine whether exchange rates similarly impacted gold prices during crises between May 2007 and May 2021 …. We find the following: (1) Exchange rates predominantly increase gold prices, having failed to decrease prices during the …

gradually in the future, it is necessary to understand the impact of interest rate variables on bond purchases. Won-euro and won … investment is sensitive to interest rates and exchange rates. Interest rate was a significant determinant not only for the total …-dollar exchange rates had a significant effect on both short- and long-term bonds when the level of foreign investment was high …