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Two Centuries of Currency Policy in Austria
Handler, Heinz - 2016
This paper is devoted to currency policies in Austria over the last 200 years, attempting to sketch historical developments and uncover regularities and interconnections with macroeconomic variables. During most of the 200-year period, Austrian currencies were subject to fixed exchange rates, in...
Persistent link: https://www.econbiz.de/10012981680
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Exchange Rate Stabilization in the Erm : Identifying European Monetary Policy Reactions
Kim, Soyoung - 2001
The structural VAR models for European countries (France, Denmark, and Germany) are developed to examine the monetary …
Persistent link: https://www.econbiz.de/10014139848
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Virtual currencies and their potential impact on financial markets and monetary policy
Dąbrowski, Marek; Janikowski, Lukasz - 2018
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...
Persistent link: https://www.econbiz.de/10011929341
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Cambodia's persistent dollarization : causes and policy options
Menon, Jayant - 2008
Cambodia's economic and social achievements over the past ten years have been the most impressive in its history …
Persistent link: https://www.econbiz.de/10011282131
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Inflation targeting in Colombia, 2002 - 2012
Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...
Persistent link: https://www.econbiz.de/10011285649
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Identifying the weights in exchange market pressure
Klaassen, Franc - 2011
Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....
Persistent link: https://www.econbiz.de/10011383120
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How Can Financial Constraints Force a Central Bank to Exit a Currency Peg? An Application to the Swiss Franc Peg
Pinter, Julien - 2019
Recent research recognize that two balance sheet constraints can be of particular concern for an independent central bank: central bank equity cannot turn negative without any political and credibility risk, and central banks should avoid going insolvent if they want to maintain control over...
Persistent link: https://www.econbiz.de/10012889852
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175 years of financial risks and returns in central banking
Abildgren, Kim - 2016
banking using the central bank of Denmark, Danmarks Nationalbank, as a case study. The paper presents new annual time series …
Persistent link: https://www.econbiz.de/10011439749
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Monetary trends and business cycles in Denmark 1875 - 2005 : new evidence using the framework of financial accounts for organising historical financial statistics
Abildgren, Kim (contributor) - 2006
The paper constructs financial-account stock data for Denmark 1875-2005 on an annual frequency and explores the … Denmark and internationally - only focused on the real side of the economy. It would, however, be interesting if future …-data. -- Financial accounts ; historical financial statistics ; financial sector development ; financial markets history ; monetary …
Persistent link: https://www.econbiz.de/10003391116
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Zombie international currency : the Pound Sterling 1945-1973
Avaro, Maylis - 2020 - Preliminary version
This paper provides new evidence on the decline of sterling as an international currency, focusing on its role as foreign exchange reserve asset under the Bretton Woods era. Using a unique new dataset on the composition of foreign exchange reserves of central banks, I show that the shift away...
Persistent link: https://www.econbiz.de/10012171275