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Persistent link: https://www.econbiz.de/10009690207
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10011604998
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …
Persistent link: https://www.econbiz.de/10011605438
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10010275698
the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure … credibility in the foreign exchange market, namely the Deutsche Mark, has been assimilated into the Euro. In order to evaluate if …
Persistent link: https://www.econbiz.de/10010300150
group of countries reports tight pegs to the euro, a second group seems to have moved toward (more) exchange rate … classifications. Most of the CEE countries peg their currencies to the euro, thereby contributing to a growing euro zone. Nevertheless …, as exchange rate stabilization against the euro is pursued with different degrees and with different long-term drifts …
Persistent link: https://www.econbiz.de/10010305084
economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10010305207
the euro's foreign exchange expectation bias for the period 2001 to 2005. Our findings suggest that euro foreign exchange … exchange markets anticipated the gradual demise of the SGP. 1) For the expectation bias in euro foreign exchange markets we do …
Persistent link: https://www.econbiz.de/10010334518
traditional portfolio objectives as debt to reserve ratios decrease. We empirically estimate optimal dollar and euro shares for 24 … reserve ratios, introducing transactions demand has a relatively modest effect. We also find that euro and dollar bonds act as … in Asia and Latin America, while the euro is a better hedge for sudden stops in Emerging Europe. We reproduce …
Persistent link: https://www.econbiz.de/10011604962
EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …
Persistent link: https://www.econbiz.de/10010273678