Showing 1 - 10 of 249
Persistent link: https://www.econbiz.de/10002240663
estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10000683878
Persistent link: https://www.econbiz.de/10003519162
estimation for 20 OECD countries from 1970 onwards. The conclusion is that the exchange rate regime as such is not relevant for …
Persistent link: https://www.econbiz.de/10011442384
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
Persistent link: https://www.econbiz.de/10010503868
With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are considered to be highly integrated within the European Union. However, integration in retail financial markets is less advanced. For measuring financial market integration this...
Persistent link: https://www.econbiz.de/10011447291
ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …
Persistent link: https://www.econbiz.de/10011447829
Persistent link: https://www.econbiz.de/10002193905
In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB’s communication channels we focus on the monthly press conferences. Based on a counting of certain signal words we construct a wording indicator...
Persistent link: https://www.econbiz.de/10003181015