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Exchange Rate Regimes and Volatility: Comparison of the Snake and Visegrad

Valachy, Juraj; Evžen Ko?enda - William Davidson Institute, University of Michigan - 2003

Exchange rate stability was defined as one of the prerequisites for monetary integration in Europe. In this paper, we … analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a … exchange rate volatility: squared returns parametric model and GARCH. Both methods provide identical results for the currencies …

Persistent link: https://www.econbiz.de/10005207889

The Costs and Benefits of Euro-sation in Central-Eastern Europe Before or Instead of EMU Membership

Nuti, D. Mario - William Davidson Institute, University of Michigan - 2000

introduced recently in Transition Economies. The net balance of costs and benefits involved, for the country and the common …

Persistent link: https://www.econbiz.de/10005677559

Instability in Exchange Rates of the World Leading Currencies: Implications of a Spatial Competition Model among Central Banks

Engelmann, Dirk; Hanousek, Jan; Kocenda, Evžen - William Davidson Institute, University of Michigan - 2004

greatly reduces volatility within such an informal “currency area”. Our theoretical findings are supported by empirical …

Persistent link: https://www.econbiz.de/10005677454

The Czech Crown's Volatility Under Modified Exchange Regimes

Kocenda, Evzen - William Davidson Institute, University of Michigan - 1997

Persistent link: https://www.econbiz.de/10005489874

Public debt, economic growth and nonlinear effects: Myth or reality?

Égert, Balázs - William Davidson Institute, University of Michigan - 2013

nonlinear relationship between debt and growth is very sensitive to modelling choices. We also show that when nonlinearity is …

Persistent link: https://www.econbiz.de/10011161374

The 90% Public Debt Threshold: The Rise & Fall of a Stylised Fact

Egert, Balazs - William Davidson Institute, University of Michigan - 2013

nonlinearity and the associated debt threshold endogenously. Therefore, in a second stage, we put the Reinhart-Rogoff dataset to a …

Persistent link: https://www.econbiz.de/10011161382

The Impact of Monetary and Commodity Fundamentals, Macro News and Central Bank Communication on the Exchange Rate: Evidence from South Africa

Egert, Balazs - William Davidson Institute, University of Michigan - 2009

This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollareuro exchange rate on...

Persistent link: https://www.econbiz.de/10008529003

Determinants of Exchange Rate Practices in the MENA Countries: Some Further Empirical Results

Daly, Sfia M.; Sami, Mouley - William Davidson Institute, University of Michigan - 2009

This paper analyses the determinants of exchange rate practices in 15 MENA countries for the 1977- 2007 period placing special emphasis on structural and macroeconomic explanations. We use three different exchange rate regime classifications in order to avoid potentially misleading...

Persistent link: https://www.econbiz.de/10008529036

Competitive Shocks and Industrial Structure: The Case of Polish Manufacturing

Ghemawatt, Pankaj; Kennedy, Robert E. - William Davidson Institute, University of Michigan - 1997

A large number of countries have recently experienced competitive shocks: sudden increases in the role that market forces play in determining the evolution of various industries. In this paper, we study the implications of Poland's competitive shock for three elements of the structure of that...

Persistent link: https://www.econbiz.de/10005489873

Job Search Behavior of Unemployed in Russia

Smirnova, Natalia - William Davidson Institute, University of Michigan - 2003

This paper explores the determinants of job search behavior, search intensity and choices of search methods of the unemployed workers in transitional Russia. We use pooled data from rounds 5-9 of the Russia Longitudinal Monitoring Survey (RLMS) to estimate the effects of socio-economic factors...

Persistent link: https://www.econbiz.de/10005489879