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economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10012148679
economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10010583197
from the euro area (EA) during the financial crisis in terms of both cyclical dispersion (i.e. the deviation of output gaps …
Persistent link: https://www.econbiz.de/10012148689
the euro area (EA) during the financial crisis in terms of both cyclical dispersion (i.e. the deviation of output gaps …
Persistent link: https://www.econbiz.de/10010818572
The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA) theory.The author focuses on the main classical contributions, then considers modern treatment of OCA theory.The second part considers empirical literature on the types of...
Persistent link: https://www.econbiz.de/10012148460
The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA) theory. The author focuses on the main classical contributions, then considers modern treatment of OCA theory. The second part considers empirical literature on the types of...
Persistent link: https://www.econbiz.de/10005648627
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...
Persistent link: https://www.econbiz.de/10012148459
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...
Persistent link: https://www.econbiz.de/10005648580
RMB averaged 6 %, compared to an average share of 58 % for the USD and 35 % for the euro. We also find that the USD, euro …, euro and yen weights. An increase in financial markets volatility leads developing countries to increase anchor weights of … the developed countries currencies USD, euro and yen. Heightened geopolitical uncertainty only increases the weights of …
Persistent link: https://www.econbiz.de/10014520282
and the euro LIBOR. The paper also considers the insulating properties of Russian basket targeting policies during the … with ! the monetary policies of the euro area. The central conclusion here is that, in conditions of managed floating …
Persistent link: https://www.econbiz.de/10012148606