This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation … the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are … characteristics of financial markets should be seen as a possible alternative explanation for the observable inflation dispersion in …

In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate … catching-up and inflation differentials and offer an interpretation of the nature of this interaction. Our discussion is in … inflation rates between Member States do not necessarily have to be an equilibrium phenomenon, even if the original shock comes …

econometrically estimated in continuous time with Euro/Dollar data and examined for the possible presence of chaotic motion. Our …

This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from … premium and changes in the dollar-euro exchange rate on changes in daily returns of the rand-dollar exchange rate. We also …

Open, High, Low and Last observations for the US dollar/British pound spot exchange rate and for different sample periods …

the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate … be much larger than the impact of a shift in the global crude oil price expressed in US dollar. Furthermore, the effect … of the US dollar on oil demand tends to be declining over time and, for a subsample of OECD countries, stronger for an …

We argue that criticism concerning the Chinese dollar peg is misplaced as no predictable link exists between the … exchange rate and the trade balance of an international creditor economy. The stable nominal yuan/dollar rate is argued to have … potentially subsidized capital allocation in China the real yuan/dollar rate is undervalued. This has caused - both in China and …

international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi …

We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate …