existing methods lies in its straightforward application to models with stochastic volatility and stochastic interest rates. We … exploit this advantage by providing an analysis of the impact of volatility mean-reversion, volatility of volatility, and …

monetaryregime chosen, though not necessarily on monetary shocks. Wegive a simple account of exchange rate volatility in terms … ofmonetary policy rules, we provide an explanation of the relationbetween nominal exchange rate volatility and …

This paper offers empirical evidence that real exchange rate volatility can have a significant impact on the long … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also oer a simple monetary growth model in which real exchange rate uncertainty …

Can pegging reduce real as well as nominal, and multilateral as well as bilateralexchange rate volatility? We …

Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006 …. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a … horizontal peg or band, and with terms-of-trade volatility. The choice ofexchange rate regime matters... …

s a t z b e r e i c h der Bank aus gesehen folgende L e i st u n g s p a l e t t e anbieten:... …

traded bank holding companies (BHCs) is comparedwith that of privately held BHCs.3,4 By focusing on a singleindustry …

Central bank policymakers are not primarilyrandom number generators.1 Reading boththe financial press and the work of … importance to each Federal OpenMarket Committee policy decision. Academic work on theimpact of central bank policy gives a …