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Persistent link: https://www.econbiz.de/10000955138
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10001683383
fraction of people that argument in favour of an exit strategy of Germany from the European monetary union (EMU) or even the … break-up of the EMU in total. This paper investigates for the case of Germany, whether or not a return to a new deutsche … quantitative results of the computed projection shows, that a return to a national currency would lower Germany's growth path …
Persistent link: https://www.econbiz.de/10010208727
Persistent link: https://www.econbiz.de/10003796189
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937
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