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Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change

Coricelli, Fabrizio; Égert, Balázs; MacDonald, Ronald - 2006

This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...

Persistent link: https://www.econbiz.de/10009476887

Economic structures, the nature of shocks and the role of exchange rate in the monetary policy formation in the emerging countries of East-Asia

Siok Kun Sek - 2009

This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...

Persistent link: https://www.econbiz.de/10009429030

BUSINESS CYCLES, FISCAL STABILIZATION AND VERTICAL FOREIGN DIRECT INVESTMENT: ESSAYS IN INTERNATIONAL MACROECONOMICS

Jansen, Dennis W. (contributor) - 2009

My dissertation studies various questions falling into the broad context ofmacroeconomics and international economics. The questions have macroeconomiccomponents because they are concerned with the behavior of aggregates. Specifically,the second and third chapters of my dissertation study the...

Persistent link: https://www.econbiz.de/10009465095

Firm-level exchange rate exposure in the Eurozone

Hutson, Elaine; O'Driscoll, Anthony

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

Persistent link: https://www.econbiz.de/10009475709

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

Adjusting to the Euro

Fagan, Gabriel; Gaspar, Vitor - 2006

In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...

Persistent link: https://www.econbiz.de/10009440740

How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia

Horváth, Roman; Rusnák, Marek - 2008

In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...

Persistent link: https://www.econbiz.de/10009477391

Europos Centrinio banko veiklos teisinis reguliavimas

Narbutaitė, Gema - 2006

the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …

Persistent link: https://www.econbiz.de/10009478178

Exchange rate pass-through in the euro area and EU countries

Ortega Eslava, Eva; Osbat, Chiara - 2020

La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...

Persistent link: https://www.econbiz.de/10012523788

EMU deepening and sovereign debt spreads: using political space to achieve policy space

Kataryniuk, Iván; Mora Bajén, Víctor María; Pérez … - 2021

La aparición de diferenciales soberanos dentro de la Unión Económica y Monetaria (UEM) responde a que los mercados incorporan en el precio de la deuda pública los fundamentales heterogéneos de los países, pero también el riesgo de redenominación, dada la naturaleza incompleta de la UEM....

Persistent link: https://www.econbiz.de/10012525473