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Non-linear exchange rate dynamics in target zones : a bumpy road towards a honeymoon ; some evidence from the ERM, ERM2 and selected new EU member states
Crespo Cuaresma, Jesús; Égert, Balázs; MacDonald, Ronald - 2005
This study investigates exchange rate movements in the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) and in the Exchange Rate Mechanism II (ERM-II). On the basis of the variant of the target zone model proposed by Bartolini and Prati (1999) and Bessec (2003), we set up a...
Persistent link: https://www.econbiz.de/10003090269
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Central Bank interventions, communication and interest rate policy in emerging European economies
Égert, Balázs - 2006
, Romania, Slovakia and Turkey using the event study approach. Interventions are found to be effective only in the short run … Turkey. Finally, interventions are mostly sterilized in all countries except Croatia. Interventions are not much more …
Persistent link: https://www.econbiz.de/10003412129
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Equilibrium exchange rates in Southeastern Europe, Russia, Ukraine and Turkey : healthy or (Dutch) diseased?
Égert, Balázs - 2005
Persistent link: https://www.econbiz.de/10002992695
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Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?
Égert, Balázs - William Davidson Institute, University of Michigan - 2005
Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons … exchange rates. A unified framework including productivity and net foreign assets completed with a set control variables such …
Persistent link: https://www.econbiz.de/10005677613
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Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A Close Encounter of the Third Kind?
Égert, Balázs - William Davidson Institute, University of Michigan - 2005
), two accession countries (Croatia and Turkey) and two CIS countries (Russia and Ukraine). The paper first studies the basic …
Persistent link: https://www.econbiz.de/10005652674