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Estimating Exchange Rate Dynamics with Diffusion Processes: An Application to Greek EMU Data
Wilfling, Bernd; Trede, Mark - 2004
processes which have to be estimated by discretely sampled observations. Using daily exchange rate data prior to the Greek EMU … increased central bank intervention activities in the run-up to the Greek EMU entrance. Thus the modelling and estimation …
Persistent link: https://www.econbiz.de/10010295399
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Estimating Exchange Rate Dynamics with Diffusion Processes : An Application to Greek EMU Data
Wilfling, Bernd; Trede, Mark - HWWA Institut für Wirtschaftsforschung - 2004
processes which have to be estimated by discretely sampled observations. Using daily exchange rate data prior to the Greek EMU … increased central bank intervention activities in the run-up to the Greek EMU entrance. Thus the modelling and estimation …
Persistent link: https://www.econbiz.de/10010957409
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Open-Economy Macroeconomics: Developments in Theory and Policy
Obstfeld, Maurice - Economics Department, Queen's University - 1997
This paper surveys recent research in open-economy macroeconomics, using questions raised by European economic and monetary unification to guide the topics discussed. A striking empirical regularity is the tendency for changes in the nominal exchange rate regime systematically to affect the...
Persistent link: https://www.econbiz.de/10005653143
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Ancorare, fluttuare o abbandonare la nave:i regimi valutari dei paesi candidati all' Unione Europea
Buiter, Willem H.; Grafe, Clemens - In: Moneta e Credito 55 (2002) 218, pp. 127-164
accession and following EU accession but prior to EMU membership. We conclude that, from an economic point of view, EMU … exchange rate criteria for EMU membership could lead to unnecessary delays in EMU membership for the accession countries. The … exchange rate criterion for EMU membership requires that the candidate "has respected the normal fluctuation margins provided …
Persistent link: https://www.econbiz.de/10010854278
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Anchor, float or abandon ship: exchange rate regimes for the accession countries
Buiter, Willem H.; Grafe, Clemens - In: BNL Quarterly Review 55 (2002) 221, pp. 111-142
accession and following EU accession but prior to EMU membership. We conclude that, from an economic point of view, EMU … exchange rate criteria for EMU membership could lead to unnecessary delays in EMU membership for the accession countries …. Theexchange rate criterion for EMU membership requires that the candidate "has respected the normal fluctuation margins provided …
Persistent link: https://www.econbiz.de/10010752468
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Anchor, float or abandon ship: exchange rate regimes for the accession countries
Buiter, Willem H.; Grafe, Clemens - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 221, pp. 111-142
accession and following EU accession but prior to EMU membership. We conclude that, from an economic point of view, EMU … exchange rate criteria for EMU membership could lead to unnecessary delays in EMU membership for the accession countries …. Theexchange rate criterion for EMU membership requires that the candidate "has respected the normal fluctuation margins provided …
Persistent link: https://www.econbiz.de/10010752511
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Monetary Policy, Credibility and Asymmetries : Small African Countries and the EMU Advent
Andre, Nyembwe - Institut de Recherche Économique et Sociale (IRES), … - 2003
structural asymmetries relative to African economies to show that without the “operations account” mechanismn, the EMU advent is …
Persistent link: https://www.econbiz.de/10004985052
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Conflicting incentives for the public to support the EMU
Granville, Brigitte; Nagly, Dominik - Centre for Globalisation Research (CGR), School of … - 2014
Monetary Union (EMU). …
Persistent link: https://www.econbiz.de/10010898075
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Exchange rates and fundamentals: new evidence from real-time data
Ehrmann, Michael; Fratzscher, Marcel - 2004
This paper analyses the link between economic fundamentals and exchange rates by investigating the importance of real-time data. We find that such economic news in the United States, Germany and the euro area have indeed been a driving force behind daily US dollar – euro/DEM exchange rate...
Persistent link: https://www.econbiz.de/10011604411
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The monetary approach to exchange rates in the CEECs
Crespo Cuaresma, Jesús; Fidrmuc, Jarko; MacDonald, Ronald - 2003
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...
Persistent link: https://www.econbiz.de/10012148459