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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
the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for … activity of the Bank of Lithuania during the process of integration into the EU. The viability of the inflation rate maintained …
Persistent link: https://www.econbiz.de/10009478178
exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the … forecasting inflation. …
Persistent link: https://www.econbiz.de/10012523788
rate of change of food commodity prices leads to a rise in euro area headline inflation (HICP) of around 0.3 percentage …
Persistent link: https://www.econbiz.de/10013342621
previous year goverment expenditure, the expectation of adaptive inflation, interest rates of United States, money supply, and …, independent variables such as the previous year goverment expenditure, the expectation of adaptive inflation, and interest rates …
Persistent link: https://www.econbiz.de/10009464479
This study analyzes the interaction of fiscal and monetary policy on macroeconomic variables, in this study is the Real Budget Deficit (100*) (Government Expenditures-Tax/Consumer Prices Index), The Money Supply, Exchange Rates, Interest Rates and GDP.The collection of data obtained from...
Persistent link: https://www.econbiz.de/10009464726
This study examines the development of monetary theory and various policy frameworks as implemented at the time of writing. The aim of the study was to determine the effect of monetary policy on disintermediation and re–intermediation throughout the periods of the various monetary policy...
Persistent link: https://www.econbiz.de/10009455940
The aim of this thesis is to analyse theTelationship between the exchange rate andstockmarket, in the UK, USA, Germany, Japan, Canada and the Netherlands over theperiod 1974 to 1994. It is motivated by recent changes in the international financialenvironment, particularly the gradual removal of...
Persistent link: https://www.econbiz.de/10009461265
Previous research has documented a negative relation between inflation and stock returns in the U.S. and selected … countries to contain inflation, stock returns are negatively related to inflation. It will be interesting to know whether the …This paper finds that stock returns and inflation in Hong Kong are generally positively related, but the relation is …
Persistent link: https://www.econbiz.de/10009480590
Incluye anexos estadísticos ; El propósito de este Documento de Trabajo es presentar una reconstrucción de los principales agregados monetarios para el período comprendido entre 1830, cuando se pusieron en circulación los primeros billetes bancarios modernos, y 1998, el año anterior a la...
Persistent link: https://www.econbiz.de/10012530601