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We employ two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal equilibrium exchange rate based on a monetary model....
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Die Europäische Zentralbank ist die einzige starke zentrale Institution in der Europäischen Währungsunion (EWU), die im …
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