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To what extent do exchange rates and their volatility affect trade ?
Huchet-Bourdon, Maryline; Korinek, J. - HAL - 2011
their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on …
Persistent link: https://www.econbiz.de/10010899210
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Oil prices, exchange rates and asset prices
Fratzscher, Marcel; Schneider, Daniel; Van Robays, Ine - European Central Bank - 2014
This paper takes a financial market perspective in examining the relationship between oil prices, the US dollar and asset prices, and it exploits the heteroskedasticity for the identification of causality in a multifactor model. It finds a bidirectional causality between the US dollar and oil...
Persistent link: https://www.econbiz.de/10011067221
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Multinational Firm Behaviour under Country Risk In the riskiest Countries
Boujedra, Faouzi - HAL - 2011
This paper investigates the nature of the relationship between direct investment and country risk in southern countries, especially developing countries (vertical investment). Using a theoretical model, we show that a necessary condition exists and is sufficient for business risk to determine...
Persistent link: https://www.econbiz.de/10010575560
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Pour l'Euro, l'heure du bilan a sonné. Quinze leçons et six conclusions
Sapir, Jacques - HAL - 2012
La zone Euro est aujourd'hui clairement en crise. Cependant, la crise de liquidité qu'elle subit actuellement, pour … concluons que c'est un projet mort-né. Ceci ne laisse à la Zone Euro que des politiques de déflation salariale qui ne sont en …. Dans cette situation, la seule option raisonnable reste le démontage coordonné de la zone Euro. …
Persistent link: https://www.econbiz.de/10010553380
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Avant l'euro, l'écu privé, que retirer de cette expérience ? La zone euro et la crise financière internationale
Lelart, Michel - HAL - 2014
Alors qu'il n'est plus inconvenant d'imaginer une sortie de la Grèce, voire d'autres pays, de la Zone euro, on ne peut …
Persistent link: https://www.econbiz.de/10010899617
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The mutating euro area crisis: is the balance between "sceptics" and "advocates" shifting?
Mongelli, Francesco Paolo - European Central Bank - 2013
The destructive potential of the sovereign debt crisis of the euro area has been slowly abating since last summer, but … euro area, and the other being an erosion of trust in the viability of the euro area itself. Such concerns have led to talk … the crisis or the future of the euro area. While the crisis is a traumatic wake-up call, it is also a catalyst for change …
Persistent link: https://www.econbiz.de/10010693504
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The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate
Bénassy-Quéré, Agnès; Forouheshfar, Yeganeh - HAL - 2013
the euro-dollar exchange rate, within a threecountry, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stockflow framework, we show that the …
Persistent link: https://www.econbiz.de/10011026164
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Has the Euro affected the choice of invoicing currency?
Ligthart, Jenny E.; Werner, Sebastian E. V. - European Central Bank - 2012
We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In … addition, the euro as a vehicle currency has overtaken the role of the US dollar in Norwegian imports. The substantial rise in …
Persistent link: https://www.econbiz.de/10010686764
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The mutating euro area crisis: is the balance between "sceptics" and "advocates" shifting?
Mongelli, Francesco Paolo - European Central Bank - 2013
The destructive potential of the sovereign debt crisis of the euro area has been slowly abating since last summer, but … euro area, and the other being an erosion of trust in the viability of the euro area itself. Such concerns have led to talk … the crisis or the future of the euro area. While the crisis is a traumatic wake-up call, it is also a catalyst for change …
Persistent link: https://www.econbiz.de/10010688313
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The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate
Bénassy-Quéré, Agnès; Forouheshfar, Yeganeh - HAL - 2013
the euro-dollar exchange rate, within a threecountry, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stockflow framework, we show that the …
Persistent link: https://www.econbiz.de/10010775792