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An empirical examination of the purchasing-power-parity hypothesis for Denmark 1875 - 2002
Abildgren, Kim (contributor) - 2004 - [Elektronische Ressource]
case of Denmark using simple unit-root tests and cointegration tests on new historical time-series indices for the … ; Danish krone exchange rates ; Effective exchange rates ; Purchasing-power parity ; History of exchange rates …
Persistent link: https://www.econbiz.de/10002031160
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Nominal and real effective krone rate indices for Denmark 1875 - 2002
Abildgren, Kim (contributor) - 2004 - [Elektronische Ressource]
This paper constructs annual trade-weighted nominal and real effective exchange rate indices for Denmark covering the … weighted chain indices with current trade weights based on Denmark's foreign trade in goods with 15 of its largest trading … partners. During each year in the period since 1875 these 15 countries accounted for at least 78 per cent of Denmark's total …
Persistent link: https://www.econbiz.de/10002031156
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The 1992-93 EMS crisis and the South : lessons from the Franc Zone system and the 1994 CFA Franc devaluation
Dossou-Cadja, Rodrigue - 2024
, the economic literature has failed to draw any connection between this pivotal event in African macroeconomic history and … Fund (IMF), we document a brand-new route on understanding a certain integrated African-European common history. Evidence …
Persistent link: https://www.econbiz.de/10014480992
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Two Centuries of Currency Policy in Austria
Handler, Heinz - 2016
This paper is devoted to currency policies in Austria over the last 200 years, attempting to sketch historical developments and uncover regularities and interconnections with macroeconomic variables. During most of the 200-year period, Austrian currencies were subject to fixed exchange rates, in...
Persistent link: https://www.econbiz.de/10012981680
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Exchange Rate Stabilization in the Erm : Identifying European Monetary Policy Reactions
Kim, Soyoung - 2001
The structural VAR models for European countries (France, Denmark, and Germany) are developed to examine the monetary …
Persistent link: https://www.econbiz.de/10014139848
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Exchange Rate Regimes and Reserve Policy on the Periphery : The Italian Lira 1883-1911
Cesarano, Filippo - 2009
The three exchange rate regimes adopted by Italy from 1883 up to the eve of World War I - the gold standard (1883-1893), floating rates (1894-1902), and “gold shadowing” (1903-1911) - produced a puzzling result: formal adherence to the gold standard ended in failure while shadowing the gold...
Persistent link: https://www.econbiz.de/10013155097
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Virtual currencies and their potential impact on financial markets and monetary policy
Dąbrowski, Marek; Janikowski, Lukasz - 2018
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...
Persistent link: https://www.econbiz.de/10011929341
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Inflation targeting in Colombia, 2002 - 2012
Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...
Persistent link: https://www.econbiz.de/10011285649
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Identifying the weights in exchange market pressure
Klaassen, Franc - 2011
Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....
Persistent link: https://www.econbiz.de/10011383120
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How Can Financial Constraints Force a Central Bank to Exit a Currency Peg? An Application to the Swiss Franc Peg
Pinter, Julien - 2019
Recent research recognize that two balance sheet constraints can be of particular concern for an independent central bank: central bank equity cannot turn negative without any political and credibility risk, and central banks should avoid going insolvent if they want to maintain control over...
Persistent link: https://www.econbiz.de/10012889852