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We investigate in this paper the skirmishes that the US dollar and the Euro had from 2007 to 2011 and, in particular …
Persistent link: https://www.econbiz.de/10013114540
definition of price stability at a time of deflationary pressures. The euro's exchange rate has not been greatly impacted by the … recent currency war; the euro continues to be overvalued, but less than before. -- currency war ; quantitative easing …
Persistent link: https://www.econbiz.de/10008807421
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/10009569731
euro and the Chinese renminbi (RMB). It focuses on what we call China's "dominance hypothesis", i.e. whether the renminbi … dollar ; euro ; German dominance hypothesis …
Persistent link: https://www.econbiz.de/10009380945
the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the … shock. -- China ; yuan ; exchange-rate regime ; euro ; dollar …
Persistent link: https://www.econbiz.de/10009721995
the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …
Persistent link: https://www.econbiz.de/10013085286
This article focuses on the transition of the international monetary system to a multipolar structure. The international monetary system continuously evolves, reflecting developments in the world economy. The main problem of the current international monetary system is its dependence on one key...
Persistent link: https://www.econbiz.de/10012672122
The Euro and the RMB are both relatively new currencies traded on the global foreign exchange market. While the Euro … was introduced in 2001, China started cross-border settlement in RMB in 2009. We analyse the evolution of Euro trading … that – similar to the RMB – Euro trading displayed some convergence to the geographical pattern of all currencies in the …
Persistent link: https://www.econbiz.de/10013313382
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
A recent report from the Center for Economic Policy Research (CEPR) has advocated that fixed conversion rates for the start of EMU should be preannounced as soon as possible. The aim of this short paper is to focus on the potential dangers of such a decision. Indeed, the CEPR report propositions...
Persistent link: https://www.econbiz.de/10014220781