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indicators (1973-1997)? (2) To what extent will the introduction of the euro affect the balance-of-payments accounts and foreign …
Persistent link: https://www.econbiz.de/10005076843
The purpose of this paper is to put the future of the US dollar into a logical framework which comprises the global development mechanism. Two models of growth collide: the US «locomotive», based on the international use of the dollar, and which requires exogenous pushes coming permanently...
Persistent link: https://www.econbiz.de/10005124951
to the euro adoption than what can be expected from the acceding countries in the forthcoming years. If acceding … countries sail too fast towards the euro, their sailing may not be as smooth as the one of frontrunners. …
Persistent link: https://www.econbiz.de/10005125008
participating in EMU. The focus is on substitution between dollar and euro balances in the three basic functions of money – unit of … between a domestic currency and aggregate foreign currency balances, we look for substitution between the dollar and the euro … or euro-related foreign currency balances. We find substitution between dollarization and euroization to be asymmetric in …
Persistent link: https://www.econbiz.de/10005125495
This paper calculates the equilibrium exchange rates for the Euro and the rest of the G-7 currencies. Building on the … multilateral equilibrium real rates into bilateral equilibrium nominal rates. The results uncover that the Euro was slightly …
Persistent link: https://www.econbiz.de/10005125549
One of the major economic changes of 2003 is the depreciation of the USD especially against the euro and also against a … early 2002 scenario when the Euro remained passive to the positive Euro zone outlook. …
Persistent link: https://www.econbiz.de/10005126151
EU area and around the world, have been experiencing new situations, problems and development relating to euro long … before the euro currency was even released in January 1999. …
Persistent link: https://www.econbiz.de/10005062712
This paper presents an empirical analysis of the medium-term determinants of the euro effective exchange rate. The … the euro effective exchange rate. Assessing the existence and the extent of the over- or undervaluation of the exchange … models point unambiguously to the undervaluation of the euro in 2000, although the extent of this undervaluation largely …
Persistent link: https://www.econbiz.de/10005408176
If bigger objects go into a jar, then there will be space to fill it with smaller objects in sequence. If the order of the objects are reversed, then it ends in filling it at the starting point. Happiness in life is similar to this. Fill high priority needs in the life, and smaller needs can be...
Persistent link: https://www.econbiz.de/10005408439
This report is the final output of the study "Economic and Monetary Union and Enlargement" commissioned by the Directorate-General for Research of the European Parliament in May 1999. An Interim Report was provided in September 1999. The report reviews the mains policy issues concerning the...
Persistent link: https://www.econbiz.de/10005412620