Showing 1 - 10 of 103
econometrically estimated in continuous time with Euro/Dollar data and examined for the possible presence of chaotic motion. Our …
Persistent link: https://www.econbiz.de/10010274880
In this paper, we study the effects of US target rate changes and related communications by members of the Federal Reserve Board of Governors on spreads for emerging market sovereign credit default swaps (CDS). Using GARCH models, we find that during the pre-financial crisis sub-sample (April...
Persistent link: https://www.econbiz.de/10010286429
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 …
Persistent link: https://www.econbiz.de/10010275023
currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … integration, the euro's impact on trade disappears. Moreover, a significant part of the trend in European trade integration is …
Persistent link: https://www.econbiz.de/10010261162
We argue that criticism concerning the Chinese dollar peg is misplaced as no predictable link exists between the exchange rate and the trade balance of an international creditor economy. The stable nominal yuan/dollar rate is argued to have stabilized Chinese, East Asian and global growth....
Persistent link: https://www.econbiz.de/10010275052
endeavored to qualify for euro-zone membership, which compelled strict limits on budgetary deficits. We then explore which …
Persistent link: https://www.econbiz.de/10010276560
by robust statistical methods. The estimation period reaches from 1997 to 2007. It is shown that most of the composite …
Persistent link: https://www.econbiz.de/10010265989
In this paper we assess the information content of seven widely cited early indicators for the euro area with respect … forecasts the OECD composite leading indicator performs very good by all criteria, and for 12-month forecasts the FAZ-Euro …
Persistent link: https://www.econbiz.de/10010270868
subgroups including Euro area countries, the UK and the US respectively, provides evidence of a global convergence …
Persistent link: https://www.econbiz.de/10010274514
We estimate that the euro has increased trade within the eurozone by about 26 per cent and trade between the eurozone …, indicating significant and substantial effects on the extensive margin of trade. The euro effects were concentrated to semi …
Persistent link: https://www.econbiz.de/10010264046