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2003 marks the 40th anniversary of the founding of SUERF. To mark this milestone, some time ago the Council of Management commissioned Professor Jean-Paul Abraham to write a commemorative report. His mandate was not to write a history of SUERF itself (that would be too self-indulgent) but to...
Persistent link: https://www.econbiz.de/10011689909
. 2021), this edited volume comprises eight country case studies: Belgium, France, Ireland, Italy, Lithuania, Portugal …, Romania and Sweden. [...] …
Persistent link: https://www.econbiz.de/10014565849
Sweden. Overall, the predictions of the model is supported in most dimensions indicating that interventions have been used in …
Persistent link: https://www.econbiz.de/10010321630
Though the renminbi is not yet convertible, the international monetary regime has already started to move towards a 'multipolar' system, with the dollar, the Chinese currency and the euro as its key likely pillars. This shift corresponds to the long-term evolution of the balance of economic...
Persistent link: https://www.econbiz.de/10010317294
The squeeze in United States dollar liquidity that emerged with the global financial crisis highlighted the risks inherent in the current global financial system. Asia was adversely affected by the crisis not only because of its dependence on trade, but also because of its heavy reliance on the...
Persistent link: https://www.econbiz.de/10010397306
The 'currency war', as it has become known, has three aspects: 1) the inflexible pegs of undervalued currencies; 2) recent attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should primarily be concerned about the first issue, which...
Persistent link: https://www.econbiz.de/10010494451
This paper addresses the dynamics of the Swedish external position, with a particular focus on its inter-relation with the external value of the krona. We argue that financial globalisation means that a broader conceptual framework is required, whereby exchange rate fluctuations operate through...
Persistent link: https://www.econbiz.de/10010320781
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
This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches,...
Persistent link: https://www.econbiz.de/10011430838
This paper analyses and compares the roles which Belgium and Italy have played in the process of European monetary … of the Belgian and Italian EMU strategies and the concrete contributions made by Belgium and Italy. Overall, these two … European Act and the realisation of EMU, whereas Italy was mainly active in the 1980s. This assessment of the Belgian and …
Persistent link: https://www.econbiz.de/10011506562