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We investigate the impact of the European Central Bank's monetary policy announcements on the level and volatility of the EUR-US Dollar exchange rate employing an AR-FIGARCH specification. Using high-frequency data we estimate the individual and complementary effects of the release of the...
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Assuming the eventual adoption of the Euro, the paper reviews the run-up and the medium run issues on the path towards … the Euro. It shows that various policy options are possible, especially with respect to the exchange rate regime and … way to a scenario of accommodating monetary policy and convergence towards the Euro. A political reading of the Maastricht …
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We investigate the impact of the European Central Bank's monetary policy announcements on the level and volatility of the EUR-US Dollar exchange rate employing an AR-FIGARCH specification. Using high-frequency data we estimate the individual and complementary effects of the release of the...
Persistent link: https://www.econbiz.de/10003763600