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The Composition of Foreign Reserves of the Central Banks of Selected Countries: Will the Euro Replace the Dollar?

Komijani, Akbar; Tavakolian, Hossein - In: Eurasian Economic Review 1 (2011) 2, pp. 143-156

the euro, this study will empirically investigate the composition of foreign reserves of the central banks of Iran, Russia … foreign reserves. The Kalman filtering approach allows us to estimate the time series of the euro and the dollar in foreign … reserves of central banks so that we can observe what has happened to the shares of euros and dollars. In the euro period, i …

Persistent link: https://www.econbiz.de/10010938256

A Quantitative Mirror on the Euribor Market Using Implied Probability Density Functions

Puigvert-Gutiérrez, Josep; Vincent-Humphreys, Rupert - In: Eurasian Economic Review 2 (2012) 1, pp. 1-31

This paper presents a set of probability density functions for EURIBOR outturns in three months’ time, estimated from the prices of options on EURIBOR futures. It is the first official and freely available dataset to span the complete history of EURIBOR futures options, thus comprising over...

Persistent link: https://www.econbiz.de/10010938253

Asset price volatility and financial contagion: analysis using the MS-VAR framework

Le, Chau; David, Dickinson - In: Eurasian Economic Review 4 (2014) 2, pp. 133-162

This paper investigates volatility linkages and financial contagion via the asset price channel from the US and Europe to East Asia during the 2007–2011 global financial crisis. Following crisis contingent theories, financial contagion is modeled as the structural change in transmission...

Persistent link: https://www.econbiz.de/10011151923

Monetary policy challenges: how central banks changed their modus operandi

Giorgio, Giorgio - In: Eurasian Economic Review 4 (2014) 1, pp. 25-43

The financial crisis that started in August 2007 deeply changed the modus operandi of monetary policy on both sides of the Atlantic Ocean and stimulated a debate about how to formally define and practically implement newly relevant objectives, such as systemic stability, in the reaction function...

Persistent link: https://www.econbiz.de/10011195683