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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
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The East European financial crisis
Åslund, Anders - 2009
eminently. The euro has proven credible both in the countries that officially adopted it and in the countries that adopted it … facilitate the accession of willing EU members to the euro by relaxing the ERM II conditions. …
Persistent link: https://www.econbiz.de/10011430838
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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
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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
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Do we really know that flexible exchange rates facilitate current account adjustment? Some new empirical evidence for CEE countries
Herrmann, Sabine - 2009
This paper examines the relationship between the exchange rate regime and the pace of current account adjustment. The panel data set we refer to includes 11 catching-up countries from central, eastern and south-eastern Europe between 1994 and 2007. The exchange rate regime is measured by a...
Persistent link: https://www.econbiz.de/10010298838
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The Forex Regime and EMU Expansion
van Foreest, Pieter W.; de Vries, Casper G. - 2002
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated...
Persistent link: https://www.econbiz.de/10010324808
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Monetary policy under alternative exchange rate regimes in Central and Eastern Europe
Ziegler, Christina - 2012
Monetary policy in CEE is an important determinant in the wage bargaining process, because trade unions have to predict inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an inflation target are tempted to act...
Persistent link: https://www.econbiz.de/10010308235
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Alternative Paths Towards EMU: Lessons from an Expanded Mundell-Fleming Model for the Accession Countries
Vinhas de Souza, Lúcio; Ledrut, Elisabeth - 2002
A small expectations-expanded "Mundell-Fleming" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the countries...
Persistent link: https://www.econbiz.de/10010260544
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Währungspolitische Interdependenz der EU-Beitrittskandidaten und die Wahl eines geeigneten Wechselkurssystems
Jochem, Axel - 1999
geeignetes Wechselkurssystem der genannten Länder. Dabei erweisen sich die Wechselkurselastizitäten des Sozialproduktes, die … (MOE) um Exporte in die EU und eine wachsende Bedeutung stabiler Wechselkurse gegenüber dem Euro könnten in der Zukunft … selected countries for exports in the EU and a rising importance of stable exchange rates vis-à-vis the Euro may give an …
Persistent link: https://www.econbiz.de/10010300396
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Die EWWU als Club: Positive und normative Implikationen für den Beitritt mittel- und osteuropäischer Reformstaaten
Sell, Friedrich L. - 1999
(Kosten und Nutzen des Beitritts) für eine bestmögliche Strategie der Wechselkurspolitik der Beitrittskandidaten zur … Vorbereitung auf den EURO entwickelt. Der am Ende erarbeitete Vorschlag läuft darauf hinaus, das Konzept von der Schlange im Tunnel … gegenüber dem EURO wählen sollten. …
Persistent link: https://www.econbiz.de/10010300401