This paper analyses the impact of productivity developments in the United States and the euro area on the euro … the Johansen cointegration framework, four Behavioural Equilibrium Exchange Rate models are estimated using four different … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the …

cointegration that is robust to mixed orders of integration in the data. The estimated long-run relation can be considered a …

In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro … seven developed countries, four of them Euro-area members. Second, we aggregate the European variables and estimate a model … for the Euro-dollar real exchange rate using time series techniques. After identification and model selection, the same …

EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …

misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is …

misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is …

At the beginning of 1999 the euro was launched as a common currency in 11 EuropeanZum Jahresbeginn 1999 wurde der Euro …

At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro …-dollar exchange rate over a period from 1975 to 1998 and applying cointegration approaches, four factors are identified as fundamental …

misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is …

In this paper we analyze the adjustment dynamics of the euro-dollar real exchange rate towards one of the most relevant …