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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
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
Differences in economic performance between the USA and the euro area have been the subject of much debate. Even though … answer provided by the analysis is that the Euro Area has made an impressive progress since its initiation, but this has to …
Persistent link: https://www.econbiz.de/10010631893
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/10005753713
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
. Even the currencies of poor nations are galloping upward in $ parity, because they are linked to Euro. This is due to USA …
Persistent link: https://www.econbiz.de/10005556940
This 2005 Article IV Consultation highlights that Malta’s economic growth languished in 2004 for a fourth consecutive year. Slow growth reflected the weakness of, and increasing competition in, Malta’s export markets, as well as domestic factors. The slowdown had begun with shocks...
Persistent link: https://www.econbiz.de/10005591517
Persistent link: https://www.econbiz.de/10005607380
This paper demonstrates that the current economic crisis has its roots in the evolution of the global economy during the 1960s. The gradual increase of US debt from the 1960s accompanied by the deficit in the US trade balance due to international competition from EU, Japan, and later from China...
Persistent link: https://www.econbiz.de/10009352458
presents vector autoregressive estimation and analysis model proposed by Pesaran (2004) and Pesaran and Smith (2006) that …
Persistent link: https://www.econbiz.de/10009352630