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The impact of EMU on the transatlantic exchange rate stability raises the more general question of whether the exchange rate is a useful adjustment instrument or source of instability. We estimate a simple, three-country model for the United States, Germany and France, over the 1972-1995 period....
Persistent link: https://www.econbiz.de/10014181129
At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro … determinants of the real euro-dollar exchange rate: the international real interest rate differential, relative prices in the …
Persistent link: https://www.econbiz.de/10014155568
nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how … developments for both the euro area as a whole and individual Member States. While the growing importance of China is reflected in … the updated trade weights of euro effective exchange rates, it appears that the increasing integration of the euro area …
Persistent link: https://www.econbiz.de/10013113993
Albanian economy is strongly dependent on its trade with Europe and in particular with the Euro area. The paper … examines the international transmission mechanisms between Albania and the Euro area, linking its inflation and interest rates … with the Euro area ones. The attention is focused on the purchasing power parity, the uncovered interest rate parity, the …
Persistent link: https://www.econbiz.de/10013085229
Poland is obligated to adopt the euro after the fulfilment, inter alia, of the exchange rate criterion which requires … estimate real Polish zloty/euro equilibrium rate. Although the main goal of our analysis is to compute measures of current and …
Persistent link: https://www.econbiz.de/10003813605
The behavior of the dollar/euro exchange rate is modeled using a monetary model of the exchange rate. The econometric … analysis is complicated by the short sample span of actual euro data available for analysis. Hence, data on a "synthetic" euro …, is identified for the 1991M08-1999M12 period using the Johansen procedure. The model implies that the euro was …
Persistent link: https://www.econbiz.de/10009583879
At the beginning of 1999 the euro was launched as a common currency in 11 EuropeanZum Jahresbeginn 1999 wurde der Euro …
Persistent link: https://www.econbiz.de/10012991312
In this paper we analyze the adjustment dynamics of the euro-dollar real exchange rate towards one of the most relevant …
Persistent link: https://www.econbiz.de/10014071788
This special feature explores the extent to which transatlantic M&A deals are associated with movements in the dollar/euro …
Persistent link: https://www.econbiz.de/10013095642
This paper analyses the impact of productivity developments in the United States and the euro area on the euro … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the … used the former to assess productivity developments, this might thus have contributed to the weakness of the euro in 2000 …
Persistent link: https://www.econbiz.de/10013319942