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The trading between currencies in Islam when both parties’ responsibilities are postponed to the future has been regarded as non-halal or un-islamic. Since there are many controversies in the area of currency, there have been suggestions to enhance investments in gold to avoid the element of...
Persistent link: https://www.econbiz.de/10011185385
different movements of paired currencies (US index-US Gold, US Gold-Euro Gold, US Gold-Ringgit Gold, and Euro Gold-Pound Gold …
Persistent link: https://www.econbiz.de/10011185386
shock, for example, can affect the exchange rate between the euro and the yen. Since positive US demand shocks have a … greater positive impact on Japanese interest rates than on eurozone rates, the yen appreciates against the euro in response …. Using quarterly data on the U.S., the euro area and Japan from 1981 to 2006, this paper shows that the third …
Persistent link: https://www.econbiz.de/10011111112
the end of Pax Americana and the beginning of something else, possibly a Pax Europea, led by the strength of the euro … performance of these two economic blocs. While the current exchange rate between the US dollar and the euro has been considered a … worried. The strength of the euro is becoming irritating for the Eurozone and, nevertheless, the weakness of the US dollar is …
Persistent link: https://www.econbiz.de/10005789886
Insufficiency of foreign exchange may at times constrain the growth of small open economies which lack the domestic resources to produce import substitutes for their consumption, investment and input needs. This study explores the foreign exchange constraint in three small open Caribbean...
Persistent link: https://www.econbiz.de/10011258222
learned from current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the …
Persistent link: https://www.econbiz.de/10005835646
projection of what has been learned from current monetary unions, especially the euro. Each successive annual edition of this …
Persistent link: https://www.econbiz.de/10005787163
coefficients on inflation and the real economic activity measure are constrained to be the same for the U.S. and the Euro Area and … Dollar/Euro exchange rate from the inception of the Euro in 1999 to the end of 2007. The major result of the paper is that … rule fundamentals for a wide variety of specifications that include inflation and a measure of real economic activity in …
Persistent link: https://www.econbiz.de/10005789851
global level. But inception of Euro changed this unique stature and status enjoyed by USD. With introduction of Euro as the … political and economic clout. Over time, value of euro started appreciating and accordingly, Euro/USD exchange rate which is … fully floating, started rising. A rising Euro affects the US economy in three ways: directly, indirectly and through a …
Persistent link: https://www.econbiz.de/10005034595
current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …
Persistent link: https://www.econbiz.de/10005621973