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Evaluating random walk forecasts of exchange rates
Baghestani, Hamid - In: Studies in Economics and Finance 26 (2009) August, pp. 171-181
is on the random walk forecasts of the dollar/euro for 1999-2007 and the dollar/pound for 1971-2007. Design …
Persistent link: https://www.econbiz.de/10009392936
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Looking backwards and living forwards: the EMU and the history of monetary unions in Western Europe
Barbezat, Daniel - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 10-30
implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
Persistent link: https://www.econbiz.de/10010669631
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Assessment on RMB valuation – a triangular analysis approach
Wang, Peijie; Zhang, Bing - In: China Finance Review International 4 (2014), pp. 76-95
analysis. Findings– First, it has been found that the movements in the RMB dollar exchange rate do influence the dollar euro … implied that the RMB is overvalued vis-à-vis the US dollar, as the analysis suggests that an overvalued euro vis-à-vis the US … dollar would imply a kind of overvaluation of the RMB vis-à-vis the US dollar, and by any conventional measures the euro has …
Persistent link: https://www.econbiz.de/10010741347
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Exchange Rates and Global Financial Policies
Grauwe, Paul De - World Scientific Publishing Co. Pte. Ltd.
>(Paul De Grauwe and Marianna Grimaldi)</i></li> <li>Exchange Rates in Search of Fundamentals: The Case of the Euro¨CDollar Rate … EMU <i>(Paul De Grauwe and Luigi Spaventa)</i></li> <li>The Euro and Financial Crises <i>(Paul De Grauwe)</i></li> <li …
Persistent link: https://www.econbiz.de/10011156362
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The 2008 financial crisis and Stability and Growth Pact II? Let us move on to SGP III: "A la carte"
Warin, Thierry - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 49-59
After the fuzziness in Europe that surrounded the implementation of the excessive deficit procedure foreseen by the Stability and Growth Pact (SGP), the European Union had to restore the credibility of the weakened fiscal rule. The constraint was to keep alive the Treaty of Amsterdam. Indeed, an...
Persistent link: https://www.econbiz.de/10010691758
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Deciphering financial contagion in the euro area during the crisis
Tola, Albi; Wälti, Sébastien - In: The Quarterly Review of Economics and Finance 55 (2015) C, pp. 108-123
Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the … the standard contagion test of Favero and Giavazzi (2002) with a narrative approach to separate out global and euro area … shocks from country-specific shocks. Financial contagion has been widespread during the crisis in the euro area. Three …
Persistent link: https://www.econbiz.de/10011193779
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The European fiscal reform and the plight of the euro
Mundell, Robert - In: Global Finance Journal 23 (2012) 2, pp. 65-76
This paper presents the background and development of the global crisis of 2007–2008 and subsequent developments that are current today. It distinguishes four phases of the crisis: sub-prime mortgage crisis, soaring dollar and the Lehman Brothers fiasco, US and global recession, and, finally,...
Persistent link: https://www.econbiz.de/10010593849
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Monetary policy in a small open economy with fixed exchange rate: The case of Macedonia
Jovanovic, Branimir; Petreski, Marjan - In: Economic Systems 36 (2012) 4, pp. 594-608
This paper empirically applies the New Keynesian model for monetary policy analysis in a small open economy with a fixed exchange rate. Official reserves are included in the interest rate rule to account for the constraint that these impose on monetary policy when the exchange rate is fixed....
Persistent link: https://www.econbiz.de/10010593955
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Monetary policy, exchange rates and labor unions in SEE and the CIS during the financial crisis
Jovanovic, Branimir; Petreski, Marjan - In: Economic Systems 38 (2014) 3, pp. 309-332
The objective of this paper is to assess whether the levels of unionization and the rigidity of exchange rates represent a constraint for the monetary policy in South-Eastern Europe and the Commonwealth of Independent States, with a particular focus on the recent economic crisis. Toward that...
Persistent link: https://www.econbiz.de/10010930602
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The Effects of EMU on Structural Reforms in Labour and Product Markets
Duval, Romain; Elmeskov, Jørgen - Economics Department, Organisation de Coopération et … - 2005
Structural reforms in labour and product markets are required in a number of euro-area countries. A question in this … regard, which is the topic of this paper, is whether belonging to the euro area tends to help or hinder structural reform … the decade since 1993 between euro-area countries and other OECD countries. Overall, euro-area countries appear to have …
Persistent link: https://www.econbiz.de/10005045886