On January 1,1999 euro became the currency for 11 member states of the European Union. Since then the dollar-euro … exchange rate has completed a full turning. Three years of depreciation of the euro followed by three years of appreciation … without wild fluctuations asks for an explanation which would adequately account for the position of the euro as an emerging …

considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural … economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro … determinants of the real euro-dollar exchange rate: the international real interest rate differential, relative prices in the …

estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate …. We find evidence for two distinct states in both regions. For the euro area, we find a regime which is correlated to the …

exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro …