volatility on foreign exchange markets. Starting point is the market participant's microeconomic investment decision, which is … trading volume and volatility on foreign exchange markets. We apply various two-country-models with representative market …

fear of floating, which contributes to volatility. The impact of monetary policy was found to be stabilising, but this …Over the past few decades, many countries have experienced a marked decline in the volatility of output. However, there … is still a significant difference between developed and developing countries in the level of output volatility. A …

-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …

explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …

Japan. We also test for the presence of causality-in-mean and volatility spillovers. The econometric framework is a four … found to play a role in a minority of cases, with mixed signs. Finally, most cases of volatility spillovers occur from …

This study tests the theory that currency crises are associated with sudden large changes in the structure of foreign … exchange market volatility. Due to increases in market uncertainty, crisis periods exhibit abnormally high levels of volatility …. By studying short-term changes in volatility dynamics, it is possible to identify the start and end dates of crisis …

This paper investigates the monetary interdependence and the money-income relationship between countries under a pegged … countries, international transmission of monetary policy is found in almost all directions. This may provide evidence against … the theory of German domination of the EMU. In the second set of tests, the United States money is found to affect all …

disadvantages that IT has with respect to other monetary policy regimes and the relevancy of the nominal exchange rate pass … categories. In the first category the monetary authority uses interest rate policy as the instrument variable to implement and … control the inflation target. The second category illustrates when the monetary authorities use international reserves as the …

Monetary policy's weight in macroeconomic policy has increased over the past years, especially with the liberalization … international shocks with a very low level of financial development and other factors such as remittances or dollarization that are … affecting implementation of policies. The aim of this thesis is to test for monetary policy effectiveness of less developed …