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Non-linear exchange rate dynamics in target zones : a bumpy road towards a honeymoon ; some evidence from the ERM, ERM2 and selected new EU member states

Crespo Cuaresma, Jesús; Égert, Balázs; MacDonald, Ronald - 2005

This study investigates exchange rate movements in the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) and in the Exchange Rate Mechanism II (ERM-II). On the basis of the variant of the target zone model proposed by Bartolini and Prati (1999) and Bessec (2003), we set up a...

Persistent link: https://www.econbiz.de/10003090269

Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries

MacDonald, Ronald; Wójcik, Cezary - 2003

The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...

Persistent link: https://www.econbiz.de/10011506491

Productivity, demand, and regulated price effects revisited : an analysis of the real bilateral exchange rates of four new EU member states

MacDonald, Ronald; Wójcik, Cezary - In: Emerging markets finance & trade : a journal of the … 44 (2008) 3, pp. 48-65

Persistent link: https://www.econbiz.de/10003721607

Catching-up and inflation differentials in a heterogeneous monetary union : some implications for the euro area and new EU member states

MacDonald, Ronald; Wójcik, Cezary - In: Economic systems 32 (2008) 1, pp. 4-16

Persistent link: https://www.econbiz.de/10003723671

The monetary approach to exchange rates in the CEECs

Crespo Cuaresma, Jesús (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002174861

The monetary approach to exchange rates in the CEECs

Crespo Cuaresma, Jesús (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002527408

Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries

MacDonald, Ronald; Wójcik, Cezary - In: The economics of transition 12 (2004) 1, pp. 153-179

Persistent link: https://www.econbiz.de/10001990356

The monetary approach to exchange rates in the CEECs

Crespo Cuaresma, Jesús; Fidrmuc, Jarko; MacDonald, Ronald - In: The economics of transition 13 (2005) 2, pp. 395-416

Persistent link: https://www.econbiz.de/10002756182

Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states

MacDonald, Ronald (contributor); Wójcik, Cezary (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364558

Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states

MacDonald, Ronald; Wójcik, Cezary - 2006

In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...

Persistent link: https://www.econbiz.de/10003366053