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whether the private capital markets will be able to replace the government in providing output smoothing in the euro-area, in … countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to be considerable differences … between the euro-area and the successful monetary union of the USA: the euro-area showed a much lower insurance of asymmetric …
Persistent link: https://www.econbiz.de/10011509508
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter's currency. We then study the relationship between invoicing currency choices and...
Persistent link: https://www.econbiz.de/10012029070
This paper studies the determinants of shifts in debt composition among emerging market non-financial corporates. We show that the determinants of bond market access in EMs vary with global cyclical conditions and across local and foreign currency markets. We find that the role for institutions...
Persistent link: https://www.econbiz.de/10011615812
the yen/US dollar dynamics. -- exchange rates ; interventions ; Japan …
Persistent link: https://www.econbiz.de/10009312174
currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not … the estimation results, two currencies, the Swiss franc and (to a lesser extent) the US dollar qualify as safe haven … analysis of bilateral euro-based exchange rates, given the euro's prominent role during the euro area sovereign debt crisis. …
Persistent link: https://www.econbiz.de/10010462763
Persistent link: https://www.econbiz.de/10003364632
recessions, the demand for U.S. safe assets increases and raises their convenience yields, giving rise to stronger dollar and …
Persistent link: https://www.econbiz.de/10015048365
This paper studies the dynamics of volatility transmission between Central European currencies and euro/dollar foreign … significant spillovers running from euro/dollar to the Central European foreign exchange markets. To measure the overall magnitude …
Persistent link: https://www.econbiz.de/10003969723
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/10009011774
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 … shock. -- China ; yuan ; exchange-rate regime ; euro ; dollar …
Persistent link: https://www.econbiz.de/10009721995