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Stirböck, Claudia; Heinemann, Friedrich - 1999

rate volatility and tax differentials as potential obstacles to capital mobility is analyzed. The empirical findings … support the view that both current account targeting and exchange rate volatility were relevant for limiting the free flow of …

Persistent link: https://www.econbiz.de/10011442627

Real and monetary challenges to wage policy in Germany at the turn of the millennium : technical progress, globalization and European Monetary Union

Franz, Wolfgang - 1999

At the turn of the millennium three frequently cited potential causes of new challenges for wage policy in Germany are revisited in this study: skilled- biased technological progress, the increasing international integration of labor and product markets, and the monetary integration of the EMU....

Persistent link: https://www.econbiz.de/10011443321

The role of banks in the transmission of monetary policy in the Baltics

Köhler, Matthias (contributor); Hommel, Judith (contributor) - 2006

The paper empirically investigates the monetary transmission mechanism in the Baltic States. The analysis of the transmission channels through which monetary policy shocks are transmitted is particularly important for the European Central Bank that makes monetary policy in an enlarged European...

Persistent link: https://www.econbiz.de/10003273232

A mean variance king? : creation and resolution of uncertainty under the employment report's reign

Hautsch, Nikolaus; Hess, Dieter - 2001

function. This allows us to differentiate between the consistent price reaction to surprising news and traders' uncertainty … almost instantaneously incorporated into T-bond futures prices. Nevertheless, large surprises create considerable uncertainty … differences of opinion is left, and hence volatility is decreased. …

Persistent link: https://www.econbiz.de/10011446937

The foreign exchange rate exposure of nations

Entorf, Horst (contributor); Moeber, Jochen (contributor); … - 2007

Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...

Persistent link: https://www.econbiz.de/10003412063

Individual exchange rate forecasts and expected fundamentals

Dick, Christian D.; MacDonald, Ronald; Menkhoff, Lukas - 2011

This paper suggests that exchange rates are related to economic fundamentals over medium-term horizons, such as a month or longer. We find from a large panel of individual professionals' forecasts that good exchange rate forecasts benefit from the proper understanding of fundamentals,...

Persistent link: https://www.econbiz.de/10009374424

What's on their mind : do exchange rate forecasters stick to theoretical models?

Schröder, Michael; Dornau, Robert - 1999

-price monetary model and the Mundell-Fleming model. These models are the theoretical basis for the estimation of latent structural …

Persistent link: https://www.econbiz.de/10011442397

Exchange rate expectations of chartists and fundamentalists

Dick, Christian D.; Menkhoff, Lukas - 2012

This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...

Persistent link: https://www.econbiz.de/10009521123

Modeling and explaining the dynamics of European Union allowance prices at high-frequency

Conrad, Christian; Rittler, Daniel; Rotfuß, Waldemar - 2010

at high-frequency controlling for intraday periodicity, volatility clustering and volatility persistence. We find that …

Persistent link: https://www.econbiz.de/10003977656

The impact of a stock market downturn on corporate financing activities in Germany

Meitner, Matthias (contributor); … - 2005

reveals no major importance of the bank balance sheet channel for the relationship between stock market volatility and …

Persistent link: https://www.econbiz.de/10003268547

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