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econometrically estimated in continuous time with Euro/Dollar data and examined for the possible presence of chaotic motion. Our …
Persistent link: https://www.econbiz.de/10013126002
This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 Euro area (EA) countries. First …-through elasticities, we find very weak evidence of a decline around the inception of the euro in 1999. However, our results reveal that a …
Persistent link: https://www.econbiz.de/10013022505
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 …
Persistent link: https://www.econbiz.de/10013085286
Evaluation of the financial costs of a Eurozone breakup depends critically on the interpretation of TARGET balances. While it has been argued that TARGET claims in the Eurozone can be written off without incurring any losses on the claimants as the value of fiat money is independent of the...
Persistent link: https://www.econbiz.de/10013098046
no evidence of a euro effect on trade flows among early euro adopters up to the year 2002. Second, this finding is robust … to extending the sample period to incorporate data up to 2013, covering five additional euro accessions. Third, while … there is no robust evidence of a euro effect, there is evidence that intra-EU trade flows have expanded faster than the …
Persistent link: https://www.econbiz.de/10012962673
It is often disregarded that the euro is first of all a public good based on common institutions such the European …
Persistent link: https://www.econbiz.de/10013048892
We estimate that the euro has increased trade within the eurozone by about 26 percent and trade between the eurozone … significant and substantial effects on the extensive margin of trade. The euro effects were concentrated to semi-finished and …
Persistent link: https://www.econbiz.de/10013317266
This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in some neighboring countries. The analysis is based on recent data and each Eurozone member country is compared with an aggregate series corresponding to an area made up of the...
Persistent link: https://www.econbiz.de/10013317269
introduction of the Euro in 1999 are then examined introducing a dummy variable. Overall, it appears that post-1999 steady … determined endogenously, the adjustment is found to have taken place before the introduction of the Euro …
Persistent link: https://www.econbiz.de/10013317342
the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal …
Persistent link: https://www.econbiz.de/10013079876