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In focusing on the 24 month window prior to the onset of the crisis, the criteria for ranking the indicators presented in our related work does not distinguish between a signal given 12 months prior to the crisis and one given one month prior to the crisis. In what follows we examine this issue,...
Persistent link: https://www.econbiz.de/10008531924
monthly to daily observations on exchange rates. Thus the basic thrust of the paper is to analyse the forecasting accuracy of …
Persistent link: https://www.econbiz.de/10005619306
Using two measures of private information and high-frequency transaction data from the leading interdealer electronic broking system Reuters D2000-2, we examine the association between exchange rate return and contemporaneous order flow and the predictability power of lagged order flow on the...
Persistent link: https://www.econbiz.de/10011114525
the forecasting regression. We also present less formal evidence that, with real-time data, the Taylor rule provides a … specifications that do not include the real exchange rate in the forecasting regression, the results are robust to whether or not the … the forecasting regression. Bad news about inflation and good news about real economic activity both lead to out …
Persistent link: https://www.econbiz.de/10005789851
This paper analyzes the costs and benefits for an emerging economy to formally adopt dollarization. The magnitude of the costs and benefits involved in this process will not be the same for all countries and depend on the particular characteristics of each economy as well as its relationship...
Persistent link: https://www.econbiz.de/10011261096
Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and is the only book in the world priced in 141 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192...
Persistent link: https://www.econbiz.de/10005835646
This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192 U.N. members to...
Persistent link: https://www.econbiz.de/10005621973
This is the only book in print in the world about the single global currency, and is the only book in the world priced in 147 currencies. It describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world - trillions. The multicurrency...
Persistent link: https://www.econbiz.de/10005787163
This paper investigates the rationality of proceeding with a common currency in West Africa by testing for symmetry and speed of adjustment to four underlying structural shocks among a pair of 66 ECOWAS economies. The findings reveal that there is relatively high degree of symmetry in the...
Persistent link: https://www.econbiz.de/10011110348
This work examines the implications of advances in time series analysis on car ownership modeling in Greece. Variables include adults population ratio, GDP per capita, car occupancy, bus kilometers, inflation and unemployment. We developed and compared (a) a classical regression model estimated...
Persistent link: https://www.econbiz.de/10011109749