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account determination in the EMU. After controlling for the effects of income growth, we find the relationship between real … determination in the EMU. …
Persistent link: https://www.econbiz.de/10010322773
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10010263552
account determination in the EMU. After controlling for the effects of income growth, we find the relationship between real … determination in the EMU. …
Persistent link: https://www.econbiz.de/10005509762
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10005566192
This paper analyses whether volatility changes in the bilateral and effective real exchange rates of the OECD industrial countries are associated with a specific nominal exchange rate regime. To that end, we examine the real exchange rate behaviour during the 1960-2003 period, therefore covering...
Persistent link: https://www.econbiz.de/10005063204
The paper analyzes mechanism of adjustment to the asymmetric shocks in terms of trade in possible currency union of Belarus and Russia. It is emphasized the role of real exchange rate in this process. An empirical analysis based on panel data confirms the asymmetric effect of fuel price changes...
Persistent link: https://www.econbiz.de/10005121389
commencement of the EMU two distinct groups of member state have emerged: those with consistently improving current accounts and … the role of real exchange rates in current account determination in the EMU member countries. Monetary union participation … findings validate the theoretical arguments concerning the potential costs of EMU participation and suggest that meeting the …
Persistent link: https://www.econbiz.de/10004975711
Persistent link: https://www.econbiz.de/10012642992
The empirical study shows that the equilibrium real exchange rate in Mauritius has been affected by the terms of trade, as well as by other fundamental determinants. It assesses the challenges posed to Mauritius’s trade performance by the expiration of the preferential trade arrangements....
Persistent link: https://www.econbiz.de/10011244211
This paper provides three policy lessons to take full advantage of the opportunity afforded by EU funds. The main features of the global integrated monetary and fiscal (GIMF) model and how it was modified to account for income convergence are discussed. The impact of EU funds as exhibited in the...
Persistent link: https://www.econbiz.de/10011244276