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the euro-dollar exchange rate, within a threecountry, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stockflow framework, we show that the …
Persistent link: https://www.econbiz.de/10010775792
sont le dollar, principalement, mais aussi l'euro. …
Persistent link: https://www.econbiz.de/10008794253
the euro-dollar exchange rate, within a threecountry, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stockflow framework, we show that the …
Persistent link: https://www.econbiz.de/10011026164
The recent empirical literature supports the view that most of the international stock prices are not pairwise cointegrated. However, by using fractional cointegration techniques, this paper shows that France, Germany, Hong Kong, and Japan stock prices indices are pairwise fractionally...
Persistent link: https://www.econbiz.de/10008854445
les besoins du monde en devise clé (le dollar seul jusqu'à ce jour) et la stabilité macro-économique de l …
Persistent link: https://www.econbiz.de/10008791903
Cette recherche vise à dégager les implications d'un arrangement monétaire particulier -la dollarisation officielle et intégrale- à partir de l'étude du cas équatorien. Elle montre comment la dollarisation officielle et intégrale a introduit une stabilisation monétaire artificielle et...
Persistent link: https://www.econbiz.de/10008791935
La zone Euro est aujourd'hui clairement en crise. Cependant, la crise de liquidité qu'elle subit actuellement, pour … concluons que c'est un projet mort-né. Ceci ne laisse à la Zone Euro que des politiques de déflation salariale qui ne sont en …. Dans cette situation, la seule option raisonnable reste le démontage coordonné de la zone Euro. …
Persistent link: https://www.econbiz.de/10010553380
monetary union will only really be felt in the medium or even long term. In contrast the impact of the costs incurred by EMU … thrust of this study is that in its current form the EMU's institutional framework is not viable. It encourages the …'s structural imbalance. The growing imbalance fuelled by the way the Eurozone currently operates is undermining the EMU itself. It …
Persistent link: https://www.econbiz.de/10010711789
felt in the medium or even long term. In contrast the impact of the costs incurred by EMU operation is increasingly … that in its current form the EMU's institutional framework is not viable. It encourages the accumulation of lasting … operation of the EMU, the burden of these costs and risks must be shouldered collectively through the coordination and …
Persistent link: https://www.econbiz.de/10010820641
Para superar la crisis, los Estados miembros de la zona euro se han embarcado en el camino de la austeridad fiscal y la … deudas públicas continúan en aumento, la zona euro está en recesión, el aumento del desempleo masivo aumenta la pobreza y la … estructurales e institucionales del euro. Sino al contrario, las acentúan. En este contexto de moneda incompleta, mostramos que hay …
Persistent link: https://www.econbiz.de/10010820679