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Nationalbank has been able to maintain the krone's peg to the euro since the euro came into existence in 1999, and the krone's peg …
Persistent link: https://www.econbiz.de/10014231829
The insulating properties of flexible exchange rates have long been a highly contentious issue in emerging markets—not least in Asian emerging markets. A number of recent theoretical and empirical studies question whether a trade-off exists between rigid exchange rate regimes and insulation...
Persistent link: https://www.econbiz.de/10012835228
The insulating properties of flexible exchange rates have long been a highly contentious issue in emerging markets - not least in Asian emerging markets. A number of recent theoretical and empirical studies question whether a trade-off exists between rigid exchange rate regimes and insulation...
Persistent link: https://www.econbiz.de/10012171308
Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System. Using this index, we pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor...
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undervaluations or overvaluations of the lira/euro have on Italy's growth? We address these questions by presenting, first, three main …-productivity sectors, such as most manufacturing industries. Finally, we describe the misalignments of the lira/euro since 1861, analyze …
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