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Managed Floats to Damp Shocks like 1982-5 and 2006-9: Field and Laboratory Evidence for Chinese Interest in a Single World Currency

Pope, Robin; Selten, Reinhard; Kube, Sebastian; von … - 2009

This paper’s field evidence is: (1) many official sectors rapidly forget the damage of the 1982-85 exchange rate liquidity crisis and reverted to what caused that crisis, namely a closed economy clean floats perspective; and (2) the 2006-2008/9 exchange rate liquidity shock would have been more...

Persistent link: https://www.econbiz.de/10010274185

Dynamic transition of the exchange rate regime in the People's Republic of China

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2014

This paper analyzes the optimal transition of the exchange rate regime in the People's Republic of China (PRC). How the PRC can successfully reach the desired regime - whether a basket peg or floating regime - from the current dollar-peg regime remains a major question. To answer it, we develop...

Persistent link: https://www.econbiz.de/10010397284

Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems

Jochem, Axel - 1999

mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier … geeignetes Wechselkurssystem der genannten Länder. Dabei erweisen sich die Wechselkurselastizitäten des Sozialproduktes, die …This paper is part of a research project on monetary integration of five EU-accession candidates (Poland, Czech …

Persistent link: https://www.econbiz.de/10010300396

Die EWWU als Club: Positive und normative Implikationen für den Beitritt mittel- und osteuropäischer Reformstaaten

Sell, Friedrich L. - 1999

Transformationsländer (Tschechische Republik, Ungarn, Estland, Slowenien und Polen), die an einer baldigen Aufnahme in die EWWU interessiert … (Kosten und Nutzen des Beitritts) für eine bestmögliche Strategie der Wechselkurspolitik der Beitrittskandidaten zur … Republic, Hungary, Estonia, Slovenia and Poland) which are interested in becoming soon members of EMU. The approach chosen …

Persistent link: https://www.econbiz.de/10010300401

When countries do not do what they say: Systematic discrepancies between exchange rate regime announcements and de facto policies

Bersch, Julia; Klüh, Ulrich H. - 2007

We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of actual patterns and underlying reasons. We...

Persistent link: https://www.econbiz.de/10010427488

One Euro from the Atlantic to the Urals? : the European Monetary Union

Gros, Daniel - In: CESifo Forum 01 (2000) 2, pp. 26-31

Persistent link: https://www.econbiz.de/10011695620

Transmission of nominal exchange rate changes to export prices and trade flows and implications for exchange rate policy

Hoffmann, Mathias; Holtemöller, Oliver - 2009

parameters for six non-EMU European countries (Czech Republic, Hungary, Poland, Slovakia, Sweden, United Kingdom) using a …

Persistent link: https://www.econbiz.de/10010298837

Default, Electoral Uncertainty and the Choice of Exchange Regime

Hefeker, Carsten - 2004

The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation depends thus on expectations about default which is...

Persistent link: https://www.econbiz.de/10010295431

Between Two Poles: Matching Trade and Exchange Rate Regimes in Mercosur

Busse, Matthias; Hefeker, Carsten; Koopmann, Georg - 2004

The paper reviews exchange rate options for Mercosur countries. We start from the observation that most of the countries in the region have a longstanding tendency to adopt fixed exchange rates, and ask how such a system could best be designed. The Argentine crisis has demonstrated that...

Persistent link: https://www.econbiz.de/10010295434

Integration of financial markets and national price levels: the role of exchange rate volatility

Hoffmann, Mathias; Tillmann, Peter - 2008

How does international financial integration affect national price levels? To analyze this question, this paper formulates a two-country open economy sticky-price model under either segmented or complete asset markets. It is shown that the effect of financial integration, i.e. moving from...

Persistent link: https://www.econbiz.de/10010295879

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