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On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10009391856
This paper empirical investigates the effects of 2008 financial crisis on exchange rate determination in PPP-UIP …
Persistent link: https://www.econbiz.de/10011108761
Persistent link: https://www.econbiz.de/10009397049
This paper evaluates the impact of unconventional and conventional monetary policies in the U.S. on the Libor-OIS spread, long-term interest rates and long-term inflation expectations. To this purpose we investigate the behavior of selected asset yields on the days of monetary policy...
Persistent link: https://www.econbiz.de/10010791299
of the pricing factors, thus providing more accurate estimates of the term premium incorporated into the Eurozone … appears to have gone through its own "Greenspan conundrum" between January 1999 and August 2008. The term premium …
Persistent link: https://www.econbiz.de/10010732233
The financial markets in a small open economy like the Scandinavian countries are influenced by international economic developments, especially in their major trading partners. This paper investigates to which degree nominal long-term interest rates in Norway, Sweden and Denmark are determined...
Persistent link: https://www.econbiz.de/10004980619
dynamics of the pricing factors, thus providing more accurate estimates of the term premium incorporated into the Eurozone …. The term premium substantially contributed to these odd phenomena. …
Persistent link: https://www.econbiz.de/10010660007
. Economically, the analysis is based on dependences in the money and capital markets, namely the uncovered interest parity (UIP) and … calculations carried out in a cointegration framework. As the evidence for the single parities remains unconvincing, UIP and EHT …
Persistent link: https://www.econbiz.de/10005652759
modelling of international parity conditions, namely ppp and uip, produces stationary relations showing an important interaction … cointegration relation found between ppp and uip still holds notwithstanding of how ppp is measured. …
Persistent link: https://www.econbiz.de/10005150862
the real exchange rate from the PPP and the strong exogeneity of the German interest rate. …
Persistent link: https://www.econbiz.de/10008599102