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The impact of monetary union on trade prices

Taglioni, Daria; Anderton, Robert; Baldwin, Richard E. - European Central Bank - 2003

elimination of exchange rate volatility simultaneously leads to a large increase in intra-union trade and a big increase in the …

Persistent link: https://www.econbiz.de/10005530693

The euro’s trade effects

Baldwin, Richard E. - European Central Bank - 2006

This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...

Persistent link: https://www.econbiz.de/10005530949

Trade effects of the euro: evidence from sectoral data

Baldwin, Richard E.; Skudelny, Frauke; Taglioni, Daria - European Central Bank - 2005

monopolistic competition set-up, the effect of exchange rate uncertainty on trade has nonlinear features, suggesting that EMU and a … standard measure for exchange rate uncertainty should be jointly significant. Our empirical results confirm this finding, with …

Persistent link: https://www.econbiz.de/10005816159

Bond markets and long-term interest rates in non-euro area member states of the European Union and in accession states

European Central Bank - 2004

The ECB has an obligation to provide statistical information of the highest quality to the public and this third edition of the publication u0093Bond markets and long-term interest rates in non-euro area Member States of the European Union and in accession countriesu0094 serves to contribute to...

Persistent link: https://www.econbiz.de/10009636827

Konvergenzbericht

European Monetary Institute; European Central Bank - Frankfurt, M. : EZB - 1998; 2000 -

Persistent link: https://www.econbiz.de/10004328881

Information guide for credit institutions using target

2000

Persistent link: https://www.econbiz.de/10004612073

Exchange rate volatility and growth in small open economies at the EMU periphery

Schnabl, Gunther - European Central Bank - 2007

accelerating growth. Panel estimations reveal a robust negative relationship between exchange rate volatility and growth for …

Persistent link: https://www.econbiz.de/10005344823

A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility

Hillebrand, Eric; Schnabl, Gunther - European Central Bank - 2006

volatility at the turn of the millennium when Japanese foreign exchange intervention started to remain unsterilized. JEL …

Persistent link: https://www.econbiz.de/10005530723

Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility?

Arratibel, Olga; Furceri, Davide; Martin, Reiner - European Central Bank - 2008

This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per … find that lower exchange rate volatility is associated with higher growth (for relatively less financially developed …

Persistent link: https://www.econbiz.de/10005222353

Home bias in global bond and equity markets: the role of real exchange rate volatility

Fidora, Michael; Fratzscher, Marcel; Thimann, Christian - European Central Bank - 2006

This paper focuses on the role of real exchange rate volatility as a driver of portfolio home bias, and in particular … model in which real exchange rate volatility induces a bias towards domestic financial assets as well as a stronger home … bias for assets with low local currency return volatility. We find empirical support in favour of this hypothesis for a …

Persistent link: https://www.econbiz.de/10005222376