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-tradable goods and services. The elimination of nominal exchange rates with the euro does not change these relationships. Government …
Persistent link: https://www.econbiz.de/10008559023
The study examines the convergence rate of mean reversion by contrasting the estimated half-life of real exchange rate (RER). We employ an extensive monthly consumer price index (CPI)-based product price’s panel for Japan (the U.S. as the num´eraire). We find that the disaggregated RERs are...
Persistent link: https://www.econbiz.de/10009644919
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …
Persistent link: https://www.econbiz.de/10013136590
At a level of individual goods, heterogeneity of marginal transaction costs, proxied by price-to-weight ratios and stowage factors, explains a large part of the variation in thresholds of no-adjustment and conditional half-lives of law of one price deviations. Prices of heavier more voluminous)...
Persistent link: https://www.econbiz.de/10005835650
French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …
Persistent link: https://www.econbiz.de/10005260329
learned from current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the …
Persistent link: https://www.econbiz.de/10005835646
global level. But inception of Euro changed this unique stature and status enjoyed by USD. With introduction of Euro as the … political and economic clout. Over time, value of euro started appreciating and accordingly, Euro/USD exchange rate which is … fully floating, started rising. A rising Euro affects the US economy in three ways: directly, indirectly and through a …
Persistent link: https://www.econbiz.de/10005034595
whether the euro stands any real chances of dethroning the US dollar as the global currency. Among other things, the empirical … near future the euro may be regarded as a global reserve currency on a par with the US dollar or it may even become the … leading reserve currency. Finally, the empirical analysis also shows that the proportion of the euro in foreign currency …
Persistent link: https://www.econbiz.de/10005616598
current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …
Persistent link: https://www.econbiz.de/10005621973
, because of speculation moves in and out of the U.S. Dollar and the Euro depending on their return, increasing volatility. U … influence in this most important policy arena. It will focus on the U.S. Dollar decline as the Reserve Currency, on the Euro …
Persistent link: https://www.econbiz.de/10008567957