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Why has the euro been falling? : An investigation into the determinants of the exchange rate
Sinn, Hans-Werner; Westermann, Frank - 2001
Persistent link: https://www.econbiz.de/10001594231
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Why has the Euro been falling?
Sinn, Hans-Werner - 2001
nineties and the puzzing decline of the euro during its virtual existence to changes in the demand for deutschmark in Eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …
Persistent link: https://www.econbiz.de/10014460995
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The Demand for Euros
Roelands, Sebastian - 2012
This paper investigates the demand for euros using panel data for 10 euro area countries covering the period from 1999 … in housing prices are also able to explain part of the monetary overhang in the euro area since 2005. We conclude that … housing price developments within the euro area are relevant to an understanding of the demand for euros, and thus warrant …
Persistent link: https://www.econbiz.de/10013114505
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Fluctuations in the Swiss Franc: What has Changed Since the Euro's Introduction?
Fischer, Andreas M. - 2002
, fluctuations in the Swiss franc against the euro have been surprisingly moderate. The Swiss franc has thus tracked the euro … monetary policy with the new landscape defined by EMU. Four hypotheses of euro tracking are considered. …
Persistent link: https://www.econbiz.de/10011430039
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Fluctuations in the Swiss franc : what has changed since the euro's introduction?
Fischer, Andreas M. - 2002
, fluctuations in the Swiss franc against the euro have been surprisingly moderate. The Swiss franc has thus tracked the euro … monetary policy with the new landscape defined by EMU. Four hypotheses of euro tracking are considered. …
Persistent link: https://www.econbiz.de/10011397826
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The euro exchange rate and Germany's trade surplus
Hohberger, Stefan; Ratto, Marco; Vogel, Lukas - 2019
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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Stabilisation and rebalancing with fiscal or monetary devaluation : a model-based comparison
Vogel, Lukas - 2015
The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...
Persistent link: https://www.econbiz.de/10011392516
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Do Exchange Rate Devaluations Matter? VAR Evidence from the Czech Republic
Kvapilik, Jakub - 2021
What happens if a country devalues its currency? Standard macroeconomic theory would argue for expansionary effects, while recent theoretical contributions and the empirical evidence do not appear overly supportive. Devaluations have been mostly used by developing countries, but even...
Persistent link: https://www.econbiz.de/10013249517
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Exchange rate depreciations and local business cycles : the role of bank loan supply
Beck, Thorsten; Bednarek, Peter; Kaat, Daniel Marcel te; … - 2021
This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate …
Persistent link: https://www.econbiz.de/10012792736
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The Link between Interest Rates and Exchange Rates : Do Contractionary Depreciations Make a Difference?
Sanchez, Marcelo - 2021
The link between exchange rates and interest rates features prominently in the theoretical and empirical literature on small open economies. This paper revisits this relationship using a simple model that incorporates the role of exchange rate pass-through into domestic prices and distinguishes...
Persistent link: https://www.econbiz.de/10013318193