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Dollar/Euro exchange rate from the inception of the Euro in 1999 to the end of 2007. The major result of the paper is that … coefficients on inflation and the real economic activity measure are constrained to be the same for the U.S. and the Euro Area and …
Persistent link: https://www.econbiz.de/10005789851
characteristics of each economy as well as its relationship with the country's own currency and other officially dollarized countries … with the same currency. Countries adopting full dollarization of its economy profit immensely as low inflation and low …
Persistent link: https://www.econbiz.de/10011261096
Historically, the US Dollar had been accepted as the strongest currency and it had no competition at the regional or … global level. But inception of Euro changed this unique stature and status enjoyed by USD. With introduction of Euro as the … common currency, the European Union became USA’s closest competitor in terms of economic size, performance, indicators and …
Persistent link: https://www.econbiz.de/10005034595
The flexible price monetary model assumes that both the purchasing power parity (PPP) and uncovered interest parity (UIP) hold continuously. In addition, the model posits that money market equilibrium exists, which helps to determine the exchange rate. This paper explores exchange rate...
Persistent link: https://www.econbiz.de/10005620179
own currency and an independent monetary policy. …
Persistent link: https://www.econbiz.de/10008919755
The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10009294924
effective. A brief comparative analysis of the monetary policy response implemented in the Euro area during the recent Financial …
Persistent link: https://www.econbiz.de/10008740556
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on three occasions during the 7...
Persistent link: https://www.econbiz.de/10011109596
This paper investigates the possibility of conducting an unconventional monetary policy of Quantitative easing (QE) at high interest rates using the example and experience of Russia. The Central Bank of the Russian Federation has raised the key interest rate on six occasions during the 12 months...
Persistent link: https://www.econbiz.de/10011110135
) contexts to determine whether there was misalignment in the Malaysian ringgit - U.S. dollar before the 1997 currency crisis …
Persistent link: https://www.econbiz.de/10011111901