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Euro's Challenge to the Dollar : Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data
Lim, Ewe-Ghee - 2006
. MEDIUM-TERM PROSPECTS FOR THE EURO -- VII. CONCLUSION -- BIBLIOGRAPHY. …
Persistent link: https://www.econbiz.de/10012691027
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Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model : What Is Important and What Is Not
Rabanal, Pau - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE MODEL -- III. EXTENSIONS TO THE BASELINE MODEL -- IV. ESTIMATION AND MODEL COMPARISON -- V. RESULTS -- VI. CONCLUDING REMARKS -- APPENDIX: THE METROPOLIS-HASTINGS ALGORITHM -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691160
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Czech Koruna and Polish Zloty Currency Options; Information Contnent and Eu-Accession Implications
Morales, Armando Méndez - International Monetary Fund (IMF) - 2000
GARCH model shows a positive impact of the introduction of the Euro on exchange rate volatility for the Polish zloty … (negative for the Czech koruna), related to its larger exposure to external shocks. For countries in transition to Euro …
Persistent link: https://www.econbiz.de/10005248136
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Will the Emergence of the Euro Affect World Commodity Prices?
Liang, Hong; Cuddington, John T. - International Monetary Fund (IMF) - 2000
This study provides evidence that episodes of internal stability of exchange rates among the 11 Euro countries during … Euro on January 1, 1999, should be expected to contribute to reduced volatility of world commodity prices, other things …
Persistent link: https://www.econbiz.de/10005263979
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Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model; What is Important and What is Not
Tuesta, Vicente; Rabanal, Pau - International Monetary Fund (IMF) - 2006
United States and the euro area, and we perform model comparisons to study the importance of departing from the law of one …
Persistent link: https://www.econbiz.de/10005769212
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Establishing Conversion Values for New Currency Unions; Method and Application to the planned Gulf Cooperation Council (GCC) Currency Union
Kamar, Bassem; Carlotti, Jean-Etienne; Krueger, Russell C. - International Monetary Fund (IMF) - 2009
A key issue in creating a new currency union is setting the rates to convert national currencies into the new union currency. Planned unions in the Gulf region and Africa are seeking methods to set the conversion rates when their new currencies are created. We propose a forward-looking...
Persistent link: https://www.econbiz.de/10008528616
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The Euro’s Effecton Trade Imbalances
Berger, Helge; Nitsch, Volker - International Monetary Fund (IMF) - 2010
over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …
Persistent link: https://www.econbiz.de/10008680273
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Foreign Exchange Market Volatility in Eu Accession Countries in the Run-Up to Euro Adoption; Weathering Uncharted Waters
Székely, István P.; Kóbor, Ãdám - International Monetary Fund (IMF) - 2004
The paper analyzes foreign exchange market volatility in four Central European EU accession countries in 2001-2003. By using a Markov regime-switching model, it identifies two regimes representing high- and low-volatility periods. The estimation results show not only that volatilities are...
Persistent link: https://www.econbiz.de/10005826312
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Empirical Exchange Rate Models of the Nineties; Are Any Fit to Survive?
Cheung, Yin-Wong; Pascual, Antonio Garcia; Chinn, … - International Monetary Fund (IMF) - 2004
We reassess exchange rate prediction using a wider set of models that have been proposed in the last decade. The performance of these models is compared against two reference specifications-purchasing power parity and the sticky-price monetary model. The models are estimated in first-difference...
Persistent link: https://www.econbiz.de/10005263978
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How Robust Are Estimates of Equilibrium Real Exchange Rates; The Case of China
Leigh, Lamin; Dunaway, Steven Vincent; Li, Xiangming - International Monetary Fund (IMF) - 2006
Increased attention is being paid to assessments of the actual values of countries' real exchange rates relative to their "equilibrium" values as suggested by "fundamental" determining factors. This paper assesses the robustness of alternative approaches and models commonly used to derive...
Persistent link: https://www.econbiz.de/10005264021