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An empirical examination of the purchasing-power-parity hypothesis for Denmark 1875 - 2002
Abildgren, Kim (contributor) - 2004 - [Elektronische Ressource]
case of Denmark using simple unit-root tests and cointegration tests on new historical time-series indices for the … ; Danish krone exchange rates ; Effective exchange rates ; Purchasing-power parity ; History of exchange rates …
Persistent link: https://www.econbiz.de/10002031160
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Nominal and real effective krone rate indices for Denmark 1875 - 2002
Abildgren, Kim (contributor) - 2004 - [Elektronische Ressource]
This paper constructs annual trade-weighted nominal and real effective exchange rate indices for Denmark covering the … weighted chain indices with current trade weights based on Denmark's foreign trade in goods with 15 of its largest trading … partners. During each year in the period since 1875 these 15 countries accounted for at least 78 per cent of Denmark's total …
Persistent link: https://www.econbiz.de/10002031156
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Exchange Rate Stabilization in the Erm : Identifying European Monetary Policy Reactions
Kim, Soyoung - 2001
The structural VAR models for European countries (France, Denmark, and Germany) are developed to examine the monetary …
Persistent link: https://www.econbiz.de/10014139848
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Time-varying dynamics of the real exchange rate : a structural VAR analysis
Mumtaz, Haroon; Sunder-Plassmann, Laura - 2010
The aim of this paper is to explore the evolution of real exchange rate dynamics over time. We use a time-varying structural vector autoregression to investigate the role of demand, supply and nominal shocks and consider their impact on, and contribution to fluctuations in, the real exchange...
Persistent link: https://www.econbiz.de/10003940278
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Real-time effects of central bank interventions in the euro market
Fatum, Rasmus; Pedersen, Jesper - 2007
data provided by the Danish central bank. Denmark is currently pursuing an active intervention policy under the provisions … for Denmark. Our analysis employs the twostep weighted least squares estimation procedure of Andersen, Bollerslev, Diebold …
Persistent link: https://www.econbiz.de/10003855034
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Real-time effects of central bank interventions in the Euro market
Fatum, Rasmus (contributor); Pedersen, Jesper (contributor) - 2007
data provided by the Danish central bank. Denmark is currently pursuing an active intervention policy under the provisions … for Denmark. Our analysis employs the twostep weighted least squares estimation procedure of Andersen, Bollerslev, Diebold …
Persistent link: https://www.econbiz.de/10003437292
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Exchange rates in target zones : evidence from the Danish Krone
Reitz, Stefan; Taylor, Mark P. - 2013
Although the ERM II rules allow the Danish krone to fluctuate against the euro within an official target zone of 4.5%, most of the time the exchange rate has remained in a narrow range around its unconditional mean. Estimating a Smooth Transition Autoregression Target Zone (STARTZ) model...
Persistent link: https://www.econbiz.de/10009702888
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Are the intraday effects of central bank intervention on exchange rate spreads asymmetric and state dependent?
Fatum, Rasmus; Pedersen, Jesper; Sørensen, Peter Norman - 2010
This paper investigates the intraday effects of unannounced foreign exchange intervention on bid-ask exchange rate spreads using official intraday intervention data provided by the Danish central bank. Our starting point is a simple theoretical model of the bid-ask spread which we use to...
Persistent link: https://www.econbiz.de/10009626604
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Are the Intraday Effects of Central Bank Intervention on Exchange Rate Spreads Asymmetric and State Dependent?
Fatum, Rasmus - 2015
This paper investigates the intraday effects of unannounced foreign exchange intervention on bid-ask exchange rate spreads using official intraday intervention data provided by the Danish central bank. Our starting point is a simple theoretical model of the bid-ask spread which we use to...
Persistent link: https://www.econbiz.de/10013038603
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The Danish problem
Eichengreen, Barry - 2023
Specialists in international finance have long been impressed by the fragility of currency pegs. Yet Danmarks Nationalbank has been able to maintain the krone's peg to the euro since the euro came into existence in 1999, and the krone's peg to the Deutschmark and SDR for 17 years before that....
Persistent link: https://www.econbiz.de/10014231829