Narrow search
Showing 1 - 10 of 4,693
Cover Image
Financial and Fiscal Crises, Prices and EUR/USD Rate of Exchange
Bukowski, Slawomir I. - 2018
/methodology/approach: We formulated the following hypothesis: Depreciation of the Euro versus American dollar exchange rate occurred in the … period of financial and fiscal crisis (2008-2014). The main reasons for that included: fiscal crisis in the euro area …, implementation of standard and non–standard (quantitative easing) ECB monetary policy measures and growth of money supply in the euro …
Persistent link: https://www.econbiz.de/10012922844
Cover Image
From the Erm to the Euro : New Evidence on Economic and Policy Convergence Among EU Countries
Angeloni, Ignazio; Dedola, Luca - 2021
introduction of the euro is a step in a gradual process, not a one-time regime change …
Persistent link: https://www.econbiz.de/10013320331
Cover Image
Fickle Emerging Market Flows, Stable Euros, and the Dollar Risk Factor
Adriaan Boermans, Martijn; Burger, John D. - 2021
Policymakers fear the potentially destabilizing impact of fickle global investors on emerging markets. Euro area … currency denomination and issuer-level risk factors. First, euro area investors exhibit a strong home currency bias that … manifests itself both as a cross-sectional preference and in the form of relatively stable flows to Euro-denominated bonds over …
Persistent link: https://www.econbiz.de/10013240814
Cover Image
What explains the growing global demand for cash?
Shirai, Sayuri; Sugandi, Eric Alexander - 2019
of cash in circulation to nominal GDP as a dependent variable) were then conducted for the Euro Area, Japan, and the …
Persistent link: https://www.econbiz.de/10012101636
Cover Image
Welfare costs of inflation and the circulation of US currency abroad
Calza, Alessandro; Zaghini, Andrea - 2011
Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using monetary data adjusted for US dollars abroad, we show that the...
Persistent link: https://www.econbiz.de/10009006654
Cover Image
Cash Use Across Countries and the Demand for Central Bank Digital Currency
Khiaonarong, Tanai - 2019
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...
Persistent link: https://www.econbiz.de/10012889147
Cover Image
Welfare Costs of Inflation and the Circulation of US Currency Abroad
Calza, Alessandro - 2015
Empirical studies of the shoe-leather costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using adjusted monetary data, we show that the failure to control for...
Persistent link: https://www.econbiz.de/10013037484
Cover Image
Welfare Costs of Inflation and the Circulation of US Currency Abroad
Calza, Alessandro - 2011
Empirical studies of the "shoe-leather" costs of inflation are typically computed using M1 as a measure of money. Yet, official data on M1 includes all currency issued, regardless of the country of residence of the holder. Using monetary data adjusted for US dollars abroad, we show that the...
Persistent link: https://www.econbiz.de/10013127698
Cover Image
Montenegro's unilateral euroization
Razmi, Arslan - 2018
Montenegro, which is one of the two countries that have unilaterally adopted the euro as the legal tender. Montenegro's limited …
Persistent link: https://www.econbiz.de/10011861694
Cover Image
The euro and its guardian of stability : the fiction and reality of the 10th anniversary blast
Bibow, Jörg - 2009
inherited from Germany’s mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also … warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …
Persistent link: https://www.econbiz.de/10003943124