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The Adoption of the Euro, Choice of Currency Regime and Integration of Payment Systems

Bonello, Michael C.; von Furstenberg, George M.; … - 2006

1) The Adoption of the Euro by New Member States: Challenges and Vulnerabilities by Michael C. Bonello 2) The Economics of Offshore Financial Services and the Choice of Tax, Currency, and Exchange-Rate Regimes by George M. von Furstenberg 3) Promoting Integration of European Retail Payment...

Persistent link: https://www.econbiz.de/10011689927

The enigmatic dollar-euro exchange rate and the world's biggest forex market: Performance, causes, consequences

Priewe, Jan - 2016

hat der Dollar-Euro Wechselkurs für den Warenhandel beider Währungsblöcke, wenn man berücksichtigt, dass Exporte und … Wechselkurs und den Leistungsbilanzungleichgewichten in der europäischen Währungsunion; hat sich das Verhältnis von Wechselkurs … und Handel im Laufe der Globalisierung aufgrund veränderter Elastizitäten gelockert; wie beeinflusst der Wechselkurs …

Persistent link: https://www.econbiz.de/10011565000

The sustainability of China's exchange rate policy and capital account liberalisation

Cappiello, Lorenzo; Ferrucci, Gianluigi - 2008

This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its capital account. The exchange rate discussion deliberately passes over the issue of the “equilibrium” value of the renminbi and its alleged undervaluation – typically at...

Persistent link: https://www.econbiz.de/10011606234

Dutch disease in former Soviet Union: Witch-hunting?

Égert, Balázs - 2009

This study seeks to determine the extent to which countries of the former Soviet Union are infected” by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in...

Persistent link: https://www.econbiz.de/10011430820

The changing role of the exchange rate in a globalised economy

di Mauro, Filippo; Rüffer, Rasmus; Bunda, Irina - 2008

In addition to its direct effects on the global trading and production structure, the ongoing process of globalisation may have important implications for the interaction of exchange rates and the overall economy. This paper presents evidence regarding possible changes in the role of exchange...

Persistent link: https://www.econbiz.de/10011606246

Increasing the international role of the euro: A long way to go

Dabrowski, Marek - 2020

The euro is the second most important global currency after the US dollar. However, its international role has not increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial market for US dollar-denominated assets is larger...

Persistent link: https://www.econbiz.de/10013270943

Russia's Financial Markets Boom, Crisis and Recovery 1995-2001: Lessons for Emerging Markets Investors

Süppel, Ralph - 2003

From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery. An event study of this episode provides important insights for Emerging Market investment and Russia's medium-term prospects. The initial surge in bond and stock prices in...

Persistent link: https://www.econbiz.de/10011689911

Exchange rate dynamics and regional trade integration in the WAMZ

Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, … - 2022

This study examines the effects of bilateral exchange rate on trade flows in the WAMZ and assesses the role of complementarity trade structures in enhancing intra-WAMZ trade. The modified gravity model is used to assess whether efforts by WAMZ countries to facilitate transactions in national...

Persistent link: https://www.econbiz.de/10014560204

Comparative analysis of nominal and real convergence in West African Monetary Zone (WAMZ): Time varying parameter approach

Olowofeso, Olorunsola E.; Wadda, Ebrima N.; Loua, Joachim; … - 2023

This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer price index and nominal exchange rate from January...

Persistent link: https://www.econbiz.de/10015045941

Lessons to be Learnt from the ERM and their Applicability to the Accession Economies Seeking to Join ERM2

Kowalewski, Pawel - 2004

Sooner or later all the accession economies will have to join the ERM2 - a mandatory framework for all those countries that face the challenge of joining the EU. Entering the eurozone will be an unprecedented achievement. The achievement will be all the more remarkable given the unique...

Persistent link: https://www.econbiz.de/10012100038