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-switching GARCH model this paper estimates the volatility processes of four EMU exchange rate returns vis-?-vis the German mark using … daily data for the time prior to Stage III of EMU. Statistical inference yields the dates at which financial markets began … to incorporate the expected EMU participation of each country into currency pricing. The data exhibits strong econometric …
Persistent link: https://www.econbiz.de/10010295594
European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …
Persistent link: https://www.econbiz.de/10011372974
An often heard view is that exchange rate variability will decrease for a country that joins the EMU. This is not …
Persistent link: https://www.econbiz.de/10011589019
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10010275698
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10003969238
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10014195096
This paper attempts to determine whether or not the introduction of the euro affected the volatility of bilateral …
Persistent link: https://www.econbiz.de/10013141096
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10013094696
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is … at the EMU periphery. It identifies international trade, international capital flows and macroeconomic stability as …
Persistent link: https://www.econbiz.de/10011604819
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is … at the EMU periphery. It identifies international trade, international capital flows and macroeconomic stability as …
Persistent link: https://www.econbiz.de/10012773503