Showing 1 - 10 of 35
The aim of this paper is to discuss excess comovements for the Euro/US dollar and British pound/US dollar exchange …
Persistent link: https://www.econbiz.de/10010302725
yield that periods of strong comovements of the US dollar and Pound sterling based upon the Euro prevail during the 1990s … and periods of comovements of Euro and Pound sterling denominated in US dollar prevail since the introduction of the Euro …
Persistent link: https://www.econbiz.de/10010300152
This paper analyses currency options for six Pacific states - Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu - that issue their own currencies. Empirical estimates indicate that these states already stabilize their currencies against the US dollar because of their large and...
Persistent link: https://www.econbiz.de/10010311691
the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure … credibility in the foreign exchange market, namely the Deutsche Mark, has been assimilated into the Euro. In order to evaluate if …
Persistent link: https://www.econbiz.de/10010300150
In this paper the export demand and supply of German manufacturing industry is estimated for the period 1993:1 through 2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention is pointed on the development of the German export...
Persistent link: https://www.econbiz.de/10010300151
international trade. With a new estimation strategy, we analyze this relationship taking a look at the distribution of countries …' trading activity. Using a panel quantile estimation framework from Powell (2014), we find a stronger relationship at the lower … variables estimation.Our results demonstrate that the effect of democracy on trade is underestimated using Ordinary Least …
Persistent link: https://www.econbiz.de/10013023504
We investigate whether elected members of the United Nations Security Council receive favorable treatment from the International Monetary Fund (IMF), analyzing panel data on the level of conditionality attached to (a maximum of) 314 IMF arrangements with 101 countries over the period of 1992 to...
Persistent link: https://www.econbiz.de/10010302720
-Mitgliedsländer vom Euro profitiere. Vor diesem Hintergrund untersucht der vorliegende Beitrag, welche Konsequenzen ein Austritt einzelner …
Persistent link: https://www.econbiz.de/10010311669
This paper deals with the question of what impact membership of the European Monetary Union (EMU) has had on small European states. We will also analyze whether or to what extent a large number of small member states affect the EMU itself when they vastly outnumber the large countries. We...
Persistent link: https://www.econbiz.de/10010311678
. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a …
Persistent link: https://www.econbiz.de/10010311682