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Emu and Transatlantic Exchange Rate Stability
Mojon, Benoit; Bénassy-Quéré, Agnès - 2000
The impact of EMU on the transatlantic exchange rate stability raises the more general question of whether the exchange rate is a useful adjustment instrument or source of instability. We estimate a simple, three-country model for the United States, Germany and France, over the 1972-1995 period....
Persistent link: https://www.econbiz.de/10014181129
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South East Asian Monetary Integration : New Evidences from Fractional Cointegration of Real Exchange Rates
de Truchis, Gilles - 2012
We study the long-run relationship of real exchanges rates (RERs) among the ASEAN-5 countries by testing the theory of Generalized Purchasing Power Parity (G-PPP) from the new perspective of fractional cointegration. The long-run co-movements of the RERs are examined by applying a recent...
Persistent link: https://www.econbiz.de/10013096617
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Feer for the Cfa Franc
Abdih, Yasser - 2006
We apply the fundamentals equilibrium exchange rate (FEER) approach and the Johansen cointegration methodology to investigate the behavior of the real effective exchange rates of the two monetary unions of the CFA franc zone (CEMAC and WAEMU) vis-agrave;-vis their long-run equilibrium paths. For...
Persistent link: https://www.econbiz.de/10012779100
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Purchasing Power Party in the Eastern Caribbean Currency Union
Aggarwal, Raj; Simmons, Walter O. - 2005
There is increasing interest in regional trade, investment, and currency blocs, and in the optimal public policies for such blocs. There is also much managerial interest in the co-movement of exchange rates in a region. The Eastern Caribbean Currency Bloc is one of only three (and one of the...
Persistent link: https://www.econbiz.de/10014067761
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Currency Union and Real Exchange Rate Behavior
Lothian, James R.; McCarthy, Cornelia H. - 2010
In this paper we study the behavior of the real exchange rate of three American currencies relative to the U.S. dollar: the Canadian dollar, the Mexican peso and the Panamanian balboa. Our principal objective in doing so is to investigate the effects of alternative exchange-rate regimes,...
Persistent link: https://www.econbiz.de/10014028734
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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
The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic … empirical research on the - transitory - decline of the Euro. Issues of exchange rate policy and international economic … relations also are addressed. Contents: European Monetary Union: Start of the Euro and the Need for Complementary Measures in …
Persistent link: https://www.econbiz.de/10001511103
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EMU and transatlantic exchange rate stability
Bénassy-Quéré, Agnès; Mojon, Benoît - 1998
Persistent link: https://www.econbiz.de/10000984082
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How different are monetary unions to national economies according to prices?
Glushenkova, Marina; Zachariadis, Marios - In: International journal of finance & economics : IJFE 29 (2024) 1, pp. 684-702
Persistent link: https://www.econbiz.de/10014469049
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Germany versus the United States : monetary Dominance in the Eurozone
Quah, Chee Heong - In: Economies : open access journal 4 (2016) 2, pp. 1-16
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011499412
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The Euro Bloc, the Dollar Bloc and the Yen Bloc : How Much Monetary Policy Independence Can Exchange Rate Flexibility Buy in an Interdependent World?
Fratzscher, Marcel - 2021
force in world capital markets, although the importance of EU monetary policy decisions has been increasing and a Euro bloc …
Persistent link: https://www.econbiz.de/10013320230