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The impact of monetary union on trade prices
Anderton, Robert; Baldwin, Richard E.; Taglioni, Daria - 2003
, monetary union may greatly increase the amount of trade among members (Rose 2001). Putting these together, we see that … formation of a monetary union may induce changes that help harmonise inflation rates. The effect might be large if the … elimination of exchange rate volatility simultaneously leads to a large increase in intra-union trade and a big increase in the …
Persistent link: https://www.econbiz.de/10009635969
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Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB
Vähämaa, Sami - 2004
This paper uses data on German government bond futures options to examine the behaviour of market expectations around monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market expectations, as measured by the skewness of...
Persistent link: https://www.econbiz.de/10009636538
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Forecasting Euro area industrial production using (mostly) business surveys data
Bruno, Giancarlo; Lupi, Claudio - Istituto di Studi e Analisi Economica, Rom - 2003
derived from the business surveys of the three major economies within the European Monetary Union (France, Germany, and Italy …
Persistent link: https://www.econbiz.de/10011291665