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the basis of this analysis, a number of practical implications for the transition to the euro are drawn. The analysis … political and symbolic dimensions of money which the transition to the euro now puts squarely on the centre stage. …
Persistent link: https://www.econbiz.de/10010707669
The purpose of this paper is to analyze the impact of the Bank of Japan's official interventions on the JPY/USD parity during the period 1992–2004. The novelty of our approach is to combine two recent advances of the empirical literature on foreign exchange interventions: (i) drawing on...
Persistent link: https://www.econbiz.de/10010754232
system and the roles of the dollar, the Euro and the yen within this system. This book addresses this issue with discussion …
Persistent link: https://www.econbiz.de/10010735791
This paper examines jointly the empirical relevance of the mean-reversion and the PPP hypotheses in the exchange rate dynamics under the EMS. Given the non-stationarity and the non-linearities characterizing the foreign exchange rate dynamics, this question is studied using a MS-ECM model: it...
Persistent link: https://www.econbiz.de/10010720294
In the late 1990s, controversies among academics and policymakers were focused to a large extent on the "pros and cons" of adopting a monetary regime of complete and official dollarization in many emerging countries. Conversely, towards the mid-2000s de-dollarization is one of the main themes of...
Persistent link: https://www.econbiz.de/10011071838
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Les nations du sud de la zone Euro ont connu la prospérité dans les années qui ont suivi la création de la monnaie … endettement massif, l’Euro a encouragé un mirage économique qui, aujourd’hui disparu, ne laisse plus entrevoir qu’un mur de dettes …
Persistent link: https://www.econbiz.de/10011096651
Cet article présente les résultats d’une étude concernant l’impact et les conséquences de l’euro sur les méthodes de … de constituer une première base de données dans le cadre de l’observatoire des PME. L’étude montre que le passage à l’euro … PME d’évaluer les coûts relatifs au passage à l’euro conduit à un rejet des opportunités d’investissement offertes aux …
Persistent link: https://www.econbiz.de/10011074304