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We explore the role of financial openness - capital account openness and gross capital inflows - and a newly constructed gravity-based contagion index to assess the importance of these factors in the run-up to currency crises. Using a quarterly data set of 46 advanced and emerging market...
Persistent link: https://www.econbiz.de/10010757284
We show that, complementary to trade and financial linkages, the strength of the banking sector helps explain the transmission of currency crises. Specifically, we demonstrate that the Mexican, Thai, and Russian crises predominantly spread to countries with weaknesses in their banking sectors....
Persistent link: https://www.econbiz.de/10005101825
integration process. Central points in the report are the weak exchange rate of the euro vis à vis the dollar and views on the …
Persistent link: https://www.econbiz.de/10004970704
This survey, which was conducted in September 1998, shows that the degree of acceptance of the Euro has grown to 78 … of Euro notes and coins in 2002. But people are willing to facilitate the transition by an extra trip to the bank or by … buying Euro coins in advance. …
Persistent link: https://www.econbiz.de/10005101868
This report studies the reaction of the level and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …
Persistent link: https://www.econbiz.de/10005101890
This paper presents the results of the eight' DNB euro survey which was held in March 1999 by NIPO by order of de … Nederlandsche Bank. Conclusions with respect to the consumers are, that the support for the euro is stable, that the knowledge about … euro and EMU is at an acceptable level, that there is no widespread need for checking accounts in euro but that consumers …
Persistent link: https://www.econbiz.de/10005106704
This research memorandum presents and discusses the results of the 10th DNB euro survey which was held in September … the weakening of the euro vis-à-vis the dollar. In the longer run, though, people expect the euro to recover. Euro … conversion rate. A majority of the Dutch public want, as soon as possible, products to be priced in euro, but shops are reluctant …
Persistent link: https://www.econbiz.de/10005106717
This research memorandum presents and discusses the results of the 12th DNB-euro survey which was held in July 2001 … among the Dutch public and business sector. The business community has energetically embarked upon preparing for the euro … society has faith in the euro as a successor to the guilder. Both satisfaction about the provision of information and the …
Persistent link: https://www.econbiz.de/10005053807
This research memorandum presents and discusses the results of the 11th euro survey which was held in February … of information has stopped. Euro knowledge has improved on vital issues. Moreover the business community has … energetically begun to prize in euro and the continuous increase of euroconversion costs seems to have stopped. On the whole the …
Persistent link: https://www.econbiz.de/10005053814
broken or round prices. After converting these 'attractive' guilder prices into euro using the official conversion rate, the … resulting euro prices are generally not attractive. The Dutch public is concerned that retailers will not round their euro … euro introduction may cause an increase of the CPI by 0.7% at most. However, due to competition in the retail sector, this …
Persistent link: https://www.econbiz.de/10005030225