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We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on … of the conditional exogenous exchange rate volatility on the conditional mean of the endogenous variables in our open … economy VAR. Our results for Canada, Germany and UK indicate that the effects of exchange rate uncertainty are small …
Persistent link: https://www.econbiz.de/10009636551
according to our previous econometric work. Sensitivity tests are used to deal with uncertainty about the baseline assumptions …
Persistent link: https://www.econbiz.de/10009636947
This report presents the external evaluation of the European Union's (EU) strategy of cooperation with the West Africa region and of its implementation over the period 2008-2016. Its main objectives are: i) to provide both the EU institutions and a broader audience with an independent and global...
Persistent link: https://www.econbiz.de/10012056094
Persistent link: https://www.econbiz.de/10009638903
elimination of exchange rate volatility simultaneously leads to a large increase in intra-union trade and a big increase in the …
Persistent link: https://www.econbiz.de/10009635969
On 1 May 2004, ten countries became members of the European Union. The addition of Cyprus, the Czech and Slovak Republics, Estonia, Hungary, Latvia, Lithuania, Malta, Poland and Slovenia brings the total number of Member States to 25. Although the EU has successfully integrated new countries on...
Persistent link: https://www.econbiz.de/10009636761
The ECB has an obligation to provide statistical information of the highest quality to the public and this third edition of the publication u0093Bond markets and long-term interest rates in non-euro area Member States of the European Union and in accession countriesu0094 serves to contribute to...
Persistent link: https://www.econbiz.de/10009636827
Enlargement will provide major impulses for economic integration and new possibilities for the division of labour in the enlarged EU will offer additional opportunities for growth. At the same time, ensuring a more or less uniform regulatory framework in a single market comprising 25 or more...
Persistent link: https://www.econbiz.de/10009636878
The paper studies the incentives to join a monetary union, and the incentives to reform within a monetary union and within the candidate countries, respectively. It presents some "orders of magnitude" evidence on the size and balance of the incentive effects for joining and being a member, and...
Persistent link: https://www.econbiz.de/10009636901
The paper concludes that accession to the Economic and Monetary Union (EMU) is firmly in the interest of the central and eastern European countries. However, from the perspective of incumbent EMU membersu0092 interests, one cannot avoid the conclusion that the arguments are more finely balanced....
Persistent link: https://www.econbiz.de/10009636911