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European Monetary Union and exchange rate dynamics : new approaches and application to the Euro ; with 12 tables

Welfens, Paul J. J. - 2001

.- AppendixA.- Modern Exchange Rate Theory and Schumpetrian Economic Analysis:New Approach and Application to the Euro … for the Euro: Theory, Strategic Issues andPolicy Options: Introduction.- Exchange Rate Regimes and Exchange Rate Policies …

Persistent link: https://www.econbiz.de/10001511103

Essays in international economics and finance

Reidel, Demian Axel - 2006

Persistent link: https://www.econbiz.de/10003965691

Trend Shocks, Risk Sharing and Cross-Country Portfolio Holdings

Arslan, Yavuz - 2015

This paper analyzes the dynamics of risk premia, real exchange rates and portfolio movements in a two-country, two-good, two-bond model. We use an asymmetric set-up in the model, where one of the countries is emerging and the other one is developed and both countries issue bonds in domestic...

Persistent link: https://www.econbiz.de/10013036543

International risk sharing with endogenously segmented asset markets

Cociuba, Simona E.; Ramanarayanan, Ananth - In: Journal of international economics 117 (2019), pp. 61-78

Persistent link: https://www.econbiz.de/10012295776

International risk sharing with endogenously Ssegmented asset markets

Cociuba, Simona E.; Ramanarayanan, Ananth - 2017

Asset price data imply a large degree of international risk sharing, while aggregate consumption data do not. We evaluate whether a model with trade in goods and endogenously segmented asset markets accounts for this puzzling discrepancy. Active households pay a fixed cost to transfer income...

Persistent link: https://www.econbiz.de/10011763742

The portfolio theory of inflation and policy (in)effectiveness revisited : corroborating evidence

Bossone, Biagio; Cuccia, Andrea - 2020

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

Persistent link: https://www.econbiz.de/10012140238