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An Empirical Analysis of the Peseta's Exchange Rate Dynamics.
Ayuso, J.; Vega, J.L. - 1996
The paper addresses the issue of the role of exchange rate jumps. The short-run dynamics of the peseta's effective exchange rate vis-a- vis OECD countries over the period 1974:1 - 1995:9 is estimated using a PPP-based error-correction model enlarged with additional terms allowing for the...
Persistent link: https://www.econbiz.de/10005657309
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Monetary Policy Transmission, the Exchange Rate and Long-Term Yields under Different Hypothesis on Expectations.
Gaiotti, E.; Nicoletti-Altimari, S. - Banca d'Italia - 1996
The paper studies the transmission of monetary policy through its effects on the exchange rate and on long-term interest rates under different schemes of expectations formation, within the framework of the quaterly model of the Banca d'Italia (BIQM).
Persistent link: https://www.econbiz.de/10005671390
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Institutional Reforms and the Management of Exchange Rate Policy in Nigeria.
Odubogun, K. - African Economic Research Consortium - 1995
Persistent link: https://www.econbiz.de/10005634304
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The Role of Exchange Rate and Monetary Policy in the Monetary Approach to the Balance of Payments: Evidence from Malawi.
Silumbu, E.B.D. - African Economic Research Consortium - 1995
Persistent link: https://www.econbiz.de/10005669388
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Moving the Escudo into the Euro.
de Macedo, J.B.; Nunes, L.C.; Covas, F. - Laval - Laboratoire Econometrie - 1999
The paper documents how the code of conduct implied by membership of the escudo in the Exchange Rate Mechanism of the Europan Monetary System (ERM) allowed Portugal to qualify for Economic and Monetary Union (EMU), ultimately moving the currency into the euro. This unwritten code of conduct...
Persistent link: https://www.econbiz.de/10005475118
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¿Es la dolarización oficial una opción real para las economías emergentes?
Cruz-Rodríguez, Alexis - Volkswirtschaftliche Fakultät, … - 2005
This paper analyzes the costs and benefits for an emerging economy to formally adopt dollarization. The magnitude of the costs and benefits involved in this process will not be the same for all countries and depend on the particular characteristics of each economy as well as its relationship...
Persistent link: https://www.econbiz.de/10011261096
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The Impact of Central Bank Intervention on Exchange-Rate Forecast Heterogeneity
Beine, Michel; Bénassy-Quéré, Agnès; Dauchy, Estelle; … - Centre d'études prospectives et d'informations … - 2002
Persistent link: https://www.econbiz.de/10005243463
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Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2000
Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...
Persistent link: https://www.econbiz.de/10005124252
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Central banking in the iberian peninsula: a comparison
Aceña, Pablo Martin - Instituto Figuerola de Historia y Ciencias Sociales, … - 2007
Portugal and Spain. Portugal and Spain are two countries that share the same peninsular space in the west corner of Europe … two countries (Portugal joined the gold standard while Spain remained off the gold standard). Finally, the Bank of … Portugal and the Bank of Spain exhibit also significant contrasts in their behavior as central banks. …
Persistent link: https://www.econbiz.de/10005417085
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The International Transmission of Monetary Policy: Evidence from the United States and Canada.
Furman, J.; Leahy, J.V. - Harvard Institute of Economic Research (HIER), … - 1996
We study the transmission of monetary policy from the United States to Canada under flexible exchange rates. Our results suggest that flexible exchange rates insulate a country from foreign monetary disturbances. We find that the direct effect of a monetary contraction in the U.S. is a small...
Persistent link: https://www.econbiz.de/10005245616