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Inflation targeting and monetary integration in European emerging market economies
Felix Hammermann - 2008
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
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A theory of managed floating
Wollmershäuser, Timo - 2003
the economic theory is concerned, this view has the attractive feature that it not only fits with the logic of traditional …
Persistent link: https://www.econbiz.de/10009433725
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Are Countries of Association of South East Asia Nations (ASEAN) Candidates of Optimum Currency Area for Monetary Union? A Structural VAR Approach
Sin, Lew Yuen; Asam Tuan Lorik, Ku - 2006
Intra-trade among ASEAN countries have remained around 20% over the period 1993 until 2001 (ASEAN Secretariat). With this significant amount of trade being conducted between members of ASEAN countries, businesses were faced with exchange rate exposure due to the volatility of the exchange rate...
Persistent link: https://www.econbiz.de/10009444769
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Real Effects of Movements in Nominal Exchange Rates: Application to the Asian Crisis
Yelten, E. Sibel - 2003
This paper analyzes the ad hoc decision of three Asian countries to peg their currency to the U.S. dollar prior to the Asian crisis. It uses the Sjaastad model to estimate the optimal basket weights for Thailand, Korea, and Singapore. The analysis in this paper differs from the optimal basket...
Persistent link: https://www.econbiz.de/10009445694
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The effect of common currencies on trade
Szebeni, Katalin - 2004
The theory of optimum currency areas states that the more two countries trade with each other, the better candidates …
Persistent link: https://www.econbiz.de/10009457804
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Fiscal expansions under flexible exchange rates and in a monetary union: the interplay of biased preferences and pricing-to-market
Pitterle, Ingo - 2005
Wechselkurssystem sowie in einer Währungsunion untersucht. Im Anschluss an eine getrennte Analyse der beiden Wechselkursssysteme wird … fiskalpolitischen Expansion kommt - eine Währungsunion gegenüber einem flexiblen Wechselkurssystem bevorzugen, unabhängig davon, ob die …-Switching- und Terms-of-Trade-Effekte zurückführen, die ausschließlich bei einem flexiblen Wechselkurssystem auftreten. Aufgrund der …
Persistent link: https://www.econbiz.de/10009475325
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Exchange Rate Regime and Financing Policies of the Corporate Sector in Small Open Economies.
Berrospide, Jose M. - 2007
risk. Consistent with corporate hedging theory, the case study finds that hedging contributes to smooth companies' earning …
Persistent link: https://www.econbiz.de/10009477298
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Modeling International Asset Markets
Alquist, Ron - 2008
The three papers that comprise my dissertation study international asset markets. The first paper “What Do We Learn from the Price of Crude Oil Futures?” shows that, despite their widespread use, oil futures prices are less accurate in the mean-squared error sense than no-change forecasts....
Persistent link: https://www.econbiz.de/10009477330
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CAPITAL ACCOUNT LIBERALIZATION AND EXCHANGE RATE REGIME CHOICE, WHAT SCOPE FOR FLEXIBILITY IN TUNISIA?
Sami, Ben Ali Mohamed - 2006
Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study evaluates within a game-theoretic framework the exchange rate regime from a welfare perspective. In a tradable-nontradable goods model framework, Tunisia’s exchange rate regime...
Persistent link: https://www.econbiz.de/10009477444