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Structural Changes in the RMB Exchange Rate Mechanism
Su, Guanyu - 2020
This paper examines structural changes in the exchange rate mechanism of China. For this purpose, we propose a predictive regression model that incorporates three factors of influence on the central parity rate: a smoothing factor, a market factor, and a basket factor. We first apply the model...
Persistent link: https://www.econbiz.de/10012824623
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Revisting the Effective Exchange Rates of the Euro
Schmitz, Martin - 2012
This paper describes in detail the methodology currently used by the European Central Bank (ECB) to determine the nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how the ECB's techniques for calculating effective exchange...
Persistent link: https://www.econbiz.de/10013113993
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Should one rely on professional exchange rate forecasts : an empirical analysis of professional forecasts for the €/US-$ rate
Bofinger, Peter; Schmidt, Robert - 2003
The study analyses the characteristics of professional exchange rate forecasts for the € /US-$ rate. The results … indicate that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational … expectations hypothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …
Persistent link: https://www.econbiz.de/10010498977
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The U.S. Securities Fraud Class Action : An Unlikely Export to the European Union
Warren, Manning G. - 2017
Although the EU has achieved an impressive degree of harmonization in the securities laws of its member states, it has not yet advanced any effective collective private remedies for violations of those securities laws. This is especially noteworthy since the U.S. Supreme Court's decision in...
Persistent link: https://www.econbiz.de/10012974601
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Does Loop Hold in a European Time Series Context?
Koczyrkewycz, Michael - 2021
This paper provides an empirical analysis of the decomposition of Denmark Krone real exchange rates into the relative price of traded goods and the relative price ratio of non-traded and traded goods in a selective European time-series context to test the prediction that deviations from the law...
Persistent link: https://www.econbiz.de/10013226130
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Facing the Global Financial Cycle : What Role for Policy
Batini, Nicoletta; Durand, Luigi - 2021
Abstract In this paper we ask whether countries can influence their exposure to changes in global financial conditions. Specifically, we show that even though we can model cross-country capital flows via a global factor that closely tracks changes in global financial conditions, there is a large...
Persistent link: https://www.econbiz.de/10013243053
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The Uncovered Return Parity Condition
Cappiello, Lorenzo; De Santis, Roberto A. - 2021
This paper proposes an equilibrium relationship between expected exchange rate changes and differentials in expected returns on risky assets. We show that when expected returns on a risky asset in a certain economy are higher than the returns that are expected from investing in a risky asset in...
Persistent link: https://www.econbiz.de/10013316864
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Should one rely on professional exchange rate forecasts: An empirical analysis of professional forecasts for the €/US-$ rate
Bofinger, Peter; Schmidt, Robert - 2003
The study analyses the characteristics of professional exchange rate forecasts for the €/US-$ rate. The results … indicate that the quality of forecasts produced by profes-sional economists is rather poor and incompatible with the rational … expectations hy-pothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …
Persistent link: https://www.econbiz.de/10010305755
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Kingdom of the Netherlands-Curaçao and Sint Maarten : selected issues
Internationaler Währungsfonds - 2021
Persistent link: https://www.econbiz.de/10012697865
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Brexit impact on the pound as well as the euro with reference to the Indian rupee
Rani, Priyanka; Narwal, Karam Pal - In: International journal of Indian culture and business … 28 (2023) 4, pp. 508-524
Persistent link: https://www.econbiz.de/10014318325