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The article points out that monetary stability does not hinge upon formal central bank independence. The reason is that the legislator can easily restrict that independence by changing the law. Because the EU council as the true legislator does not face effective supervision by the citizens it...
Persistent link: https://www.econbiz.de/10010373533
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/10003794160
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-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
A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a … single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country …
Persistent link: https://www.econbiz.de/10011296744
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
considerably changed after introducing of the euro which in the first decade of the XXI century exceeded 20% share in reserves of … the demand for the euro and increasing the pressure on the appreciation of the euro exchange rate unless the authority … appreciation of the euro may increase and this becomes a great challenge for the authority issuing the already second significant …
Persistent link: https://www.econbiz.de/10012938190
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/10012750085
group of countries reports tight pegs to the euro, a second group seems to have moved toward (more) exchange rate … 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, intra …
Persistent link: https://www.econbiz.de/10014074713
-related "news" (newswire reports) on the euro exchange rate. A time-series study of "news" generated by ECB officials and market … participants regarding intervention and the value of the euro as well as an event study of firm reports of ECB intervention is … conducted. Both studies find significant short-run effects on the euro value, while only "negative" statements (official …
Persistent link: https://www.econbiz.de/10014034101