Similar Search Results

Disparities of Exchange Rates in CEE Countries

Kocenda, Evzen - EconWPA - 2001

This paper analyzes disparities among nominal and real exchange rate movements across the Central and Eastern European (CEE) countries from 1991 to 1996. The method of analyzing such processes is to examine whether the differentials of exchange rate changes converge or diverge over time....

Persistent link: https://www.econbiz.de/10005062689

Instability in Exchange Rates of the World Leading Currencies: Implications of a Spatial Competition Model among Central Banks (Currencies, Competition, and Clans)

Engelmann, Dirk; Hanousek, Jan; Kocenda, Evzen - EconWPA - 2004

greatly reduces volatility within such an informal â€œcurrency areaâ€. Our theoretical findings are supported by empirical …

Persistent link: https://www.econbiz.de/10005561175

Financial contagion, interest rates and the role of the exchange rate as shock absorber in Central and Eastern Europe

Habib, Maurizio Michael - EconWPA - 2002

affected by ‘vo- latility contagion’ coming from emerging markets. I find also some partial support for the ‘volatility …

Persistent link: https://www.econbiz.de/10005125528

Financial Liberalization and Business Cycles: The Experience of Future EU Member States in the Baltics and Central Eastern Europe

Souza, Lucio Vinhas de - EconWPA - 2004

States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial … integration is observed in this specific sample of “emerging markets”. This work finds signs that, contrary to other emerging … markets, this does not happen: for the future Member States, financial integration, similarly to the outcome observed in …

Persistent link: https://www.econbiz.de/10005062709

Exchange Rate Regimes and Pro-Poor Growth

Maier, Rolf - EconWPA - 2005

This paper extends the ongoing discussion on optimal exchange rate regimes to the issue of pro-poor growth. To analyze empirically the poverty effects of exchange rate regimes, we estimate the distribution effects of different exchange rate arrangements on the poorest 20 and 20 to 40 percent. In...

Persistent link: https://www.econbiz.de/10005119441

Should small open economies in East Asia put all their eggs in one basket: the role of balance sheet effects

Slavov, Slavi T. - EconWPA - 2005

an exchange rate regime for these countries so as to minimize the adverse effects of this volatility. I build a sticky …

Persistent link: https://www.econbiz.de/10005119497

Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe

Grauwe, Paul De; Schnabl, Gunther - EconWPA - 2004

The IMF classifications of the Central and Eastern European exchange rate arrangements are heterogeneous. While one group of countries reports tight pegs to the euro, a second group seems to have moved toward (more) exchange rate flexibility. Based on the recent discussion about the accuracy of...

Persistent link: https://www.econbiz.de/10005556602

SAY YOU FIX, ENJOY AND RELAX THE DELETERIOUS EFFECT OF PEG ANNOUNCEMENTS ON FISCAL DISCIPLINE

Alberola, Enrique; Molina, Luis; Navia, Daniel - EconWPA - 2005

emerging markets spanning from the beginning of the nineties, given the importance of financial integration in the last fifteen …

Persistent link: https://www.econbiz.de/10005408144

Currency Union and Real Exchange Rate Behavior

Lothian, James R.; McCarthy, Cornelia H. - EconWPA - 2003

In this paper we study the behavior of the real exchange rate of three North American currencies vis-a-vis the U.S. dollar: the Canadian dollar the Mexican peso, and the Panamanian Balboa. Our principal object is to design an experiment in which meaningful comparisons of behavior across regimes...

Persistent link: https://www.econbiz.de/10005408193

"EMU and Enlargement: A Review of Policy Issues"

Souza, Lucio Vinhas de; Eden, Holger van; Groot, Albert de - EconWPA - 2001

Malta, and the interaction with their parallel integration into the Economic and Monetary Union. …

Persistent link: https://www.econbiz.de/10005412620