Showing 1 - 10 of 383
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011307457
of them have been tracking either the euro or the US dollar in recent years. Eight countries, all of them current or … aspiring EU members, track the euro. Of the five countries keying on the US dollar in various degrees, all but one belong to … the Commonwealth of Independent States. The paper shows that the extent to which each country's currency tracks the euro …
Persistent link: https://www.econbiz.de/10012956475
effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX … equity prices increase by around 1.75% in euro area countries highly exposed via banking linkages to countries whose …
Persistent link: https://www.econbiz.de/10014354526
This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two … functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic …
Persistent link: https://www.econbiz.de/10013098632
Using symmetric data sets of 92 weekly return observations before and after the introduction of the euro, the paper …
Persistent link: https://www.econbiz.de/10012782833
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi internationalization? And, what role does Chinese...
Persistent link: https://www.econbiz.de/10013051918
This paper empirically investigates international and domestic monetary policy transmission mechanisms in the Eastern Caribbean Currency Union (ECCU). We assess interest rate pass-through of both the U.S. policy rate and the ECCU minimum saving deposit rate (MSR) into domestic interest rates...
Persistent link: https://www.econbiz.de/10012918570
of the U.S. dollar andthe euro - to a tri-polar one that includes the renminbi. The dollar bloc is estimated tocontinue … to dominate, having the largest share in global GDP (40 percent), followed by therenminbi (30 percent) and the euro blocs …
Persistent link: https://www.econbiz.de/10012927455
Estimation and simulation of sustainable real exchange rates in some of the new EU accession countries point to potential difficulties in sustaining the ERM2 regime if entered too soon and with weak policies. According to the estimates, the Czech, Hungarian, and Polish currencies were overvalued...
Persistent link: https://www.econbiz.de/10013318089
that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …
Persistent link: https://www.econbiz.de/10012322505