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case of Denmark using simple unit-root tests and cointegration tests on new historical time-series indices for the … ; Danish krone exchange rates ; Effective exchange rates ; Purchasing-power parity ; History of exchange rates …
Persistent link: https://www.econbiz.de/10002031160
This paper constructs annual trade-weighted nominal and real effective exchange rate indices for Denmark covering the … weighted chain indices with current trade weights based on Denmark's foreign trade in goods with 15 of its largest trading … partners. During each year in the period since 1875 these 15 countries accounted for at least 78 per cent of Denmark's total …
Persistent link: https://www.econbiz.de/10002031156
, the economic literature has failed to draw any connection between this pivotal event in African macroeconomic history and … Fund (IMF), we document a brand-new route on understanding a certain integrated African-European common history. Evidence …
Persistent link: https://www.econbiz.de/10014480992
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...
Persistent link: https://www.econbiz.de/10011929341
Cambodia's economic and social achievements over the past ten years have been the most impressive in its history …
Persistent link: https://www.econbiz.de/10011282131
After decades using monetary aggregates as the main instrument of monetary policy and having different varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the...
Persistent link: https://www.econbiz.de/10011285649
Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....
Persistent link: https://www.econbiz.de/10011383120
The aim of this paper is to explore the evolution of real exchange rate dynamics over time. We use a time-varying structural vector autoregression to investigate the role of demand, supply and nominal shocks and consider their impact on, and contribution to fluctuations in, the real exchange...
Persistent link: https://www.econbiz.de/10003940278
data provided by the Danish central bank. Denmark is currently pursuing an active intervention policy under the provisions … for Denmark. Our analysis employs the twostep weighted least squares estimation procedure of Andersen, Bollerslev, Diebold …
Persistent link: https://www.econbiz.de/10003855034
data provided by the Danish central bank. Denmark is currently pursuing an active intervention policy under the provisions … for Denmark. Our analysis employs the twostep weighted least squares estimation procedure of Andersen, Bollerslev, Diebold …
Persistent link: https://www.econbiz.de/10003437292