Similar Search Results

Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …

Persistent link: https://www.econbiz.de/10008798227

The benefits of reducing hold-out risk : evidence from the Euro CAC experiment, 2013-2018

Picarelli, Mattia; Erce, Aitor; Jiang, Xu - 2018

Persistent link: https://www.econbiz.de/10011948231

A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility

Hillebrand, Eric (contributor); Schnabl, Gunther (contributor) - 2006

While up to the late 1990s Japanese foreign exchange intervention was fully sterilized, Japanese monetary authorities left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous research on foreign exchange intervention, unsterilized...

Persistent link: https://www.econbiz.de/10003337476

Japanese foreign exchange intervention and the yen-to-dollar exchange rate : a simultaneous equations approach using realized volatility

Hillebrand, Eric; Schnabl, Gunther; Ulu, Yasemin - In: Journal of international financial markets, … 19 (2009) 3, pp. 490-505

Persistent link: https://www.econbiz.de/10003855873

Weak economy and strong currency : the origins of the strong yen in the 1990s

Schnabl, Gunther - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 489-503

During the 1990s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yendollar exchange rate. It comes to the conclusion that real...

Persistent link: https://www.econbiz.de/10010493811