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 …

This paper presents an empirical analysis of the medium-term determinants of the euro effective exchange rate. The … the euro effective exchange rate. Assessing the existence and the extent of the over- or undervaluation of the exchange … models point unambiguously to the undervaluation of the euro in 2000, although the extent of this undervaluation largely …

central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic … when these exchange rates are expressed in nominal terms against the euro …

This paper attempts to measure the degree of misalignment of the euro - in particular against the dollar - by … estimating equilibrium exchange rates for the euro and the rest of G-7 currencies. Building on the methodology of Alberola et al … equilibrium real rates into bilateral equilibrium nominal rates. The results uncover that the euro is the only currency that shows …

estimated misalignment is used to derive the equilibrium nominal exchange rate against the euro. Finally, we construct a …

-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate …

-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

From the onset of the euro crisis to the Brexit vote, we have witnessed impressive reductions of current account … imbalances in peripheral countries of the euro area. These reductions can be the result of either a compression of internal … demand or an improvement in external competitiveness. In this paper, we compute exchange rate misalignments within the euro …