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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

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

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

Global financial architecture, global imbalances and the future of the dollar in a post-crisis world

Pakravan, Karim - In: Journal of Financial Regulation and Compliance 19 (2011) February, pp. 18-32

Purpose – Financial globalization and global imbalances are two facets of the same phenomenon, which has resulted in the worst global economic and financial crisis since the Great Depression. The purpose of this paper is to analyze the complex interaction of several mutually reinforcing trends...

Persistent link: https://www.econbiz.de/10009391959

Financial determinants of corn market

Sariannidis, Nikolaos - In: International Journal of Economics and Business Research 5 (2013) 2, pp. 204-213

This paper studies the effects of the TNX ten-year treasury note, the crude oil light sweet, the denatured fuel ethanol, the S%P 500 Stock Index and the US dollar/yen exchange rate on the conditional mean and variance return of corn futures. It employs daily data from January 1, 2002 to August...

Persistent link: https://www.econbiz.de/10010669644

Defending against speculative attacks – It is risky, but it can pay off

Erler, Alexander; Bauer, Christian; Herz, Bernhard - In: Journal of Banking & Finance 47 (2014) C, pp. 309-330

While currency crises are typically considered to be painful and costly events, a closer look reveals that economic developments after a speculative attack differ considerably. Monetary authorities can play a central role in determining the economic course and costs of currency crises. They have...

Persistent link: https://www.econbiz.de/10010931656

Currency crises and monetary policy: A study on advanced and emerging economies

Eijffinger, Sylvester C.W.; Karataş, Bilge - In: Journal of International Money and Finance 31 (2012) 5, pp. 948-974

The studies regarding the appropriate monetary policy response in defending the domestic currency following a currency crisis do not gather around a robust answer. This study tries to emphasize the notion that there is no single policy applicable for all currency crises happened and happening in...

Persistent link: https://www.econbiz.de/10011048427

Ten years of European Monetary Union: What's gone right and What's gone wrong

Kenen, Peter B. - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 6-9

In 1991, the European Union undertook to form a full-fledged monetary union. It established the European Monetary Union with a European Central Bank (ECB) at its apex and a mandate to pursue price stability. The European regime differs from the US Federal Reserve System, which must pursue high...

Persistent link: https://www.econbiz.de/10010669628

Determinants of euro-dollar exchange rate: an empirical analysis

Bhargava, Vivek; Konku, Daniel; Bhargava, Dheeraj - In: Afro-Asian Journal of Finance and Accounting 3 (2012) 2, pp. 121-135

This study investigates the determinants of euro-dollar exchange rate since the inception of euro in January 1999 … index (CPI), unemployment rate (UMP), and money supply (M1) are important in explaining the value of the euro relative to … correction models (VAR/VECM) show that the euro-dollar exchange rate is impacted by only CCI and M1. …

Persistent link: https://www.econbiz.de/10010669819

Causal relationship testing with applications to exchange rates

Brailsford, T.J.; Penm, Jack; Terrell, R.D. - In: International Journal of Electronic Finance 2 (2008) 1, pp. 50-69

economic influence on the Euro. The second gives evidence of support for Purchasing Power Parity (PPP) using monthly data …

Persistent link: https://www.econbiz.de/10008539393