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In this paper we simultaneously estimate the real exchange rates between the Swedish Krona, the US Dollar and the Euro …
Persistent link: https://www.econbiz.de/10014051358
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by … sample from 1980 to 2000. However, historical decompositions reveal that fluctuations since the introduction of the euro in …
Persistent link: https://www.econbiz.de/10011473872
Persistent link: https://www.econbiz.de/10001584428
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 … fundamentals underlying the behavior of the real exchange rate. Panel cointegration techniques allow for the extraction, using an …
Persistent link: https://www.econbiz.de/10014093303
-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate …
Persistent link: https://www.econbiz.de/10010529098
This paper examines the long-run determinants of the euro-yen exchange rate. Using cointegration analysis, we find a … yen appreciation from the mid-1970s to 2001. Our findings suggest that the euro appreciation against the yen in 2001 …
Persistent link: https://www.econbiz.de/10013319943
We identify the drivers of the movements in the euro-dollar exchange rate during the sovereign debt crisis. In … summer of 2012 played a major role in the euro's subsequent appreciation. OMT and the reform efforts undertaken by … governments at national and European level saw off the risk of a euro-area break up and prompted net capital inflows. We estimate …
Persistent link: https://www.econbiz.de/10012995256
bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential … stochastic trend into the system. Trivariate cointegration between the interest rates and the exchange rate accounts for the …
Persistent link: https://www.econbiz.de/10010281908
) framework. This issue is of particular interest for the euro area (EA) as Member Sates cede their national currencies and no …
Persistent link: https://www.econbiz.de/10011346364
bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential … stochastic trend into the system. Trivariate cointegration between the interest rates and the exchange rate accounts for the …
Persistent link: https://www.econbiz.de/10013124253