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The enigmatic dollar-euro exchange rate and the world's biggest forex market: Performance, causes, consequences
Priewe, Jan - 2016
volatility and frequent misalignment of the dollar-euro rate: in what way is this exchange rate relevant for the real economies … 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 …
Persistent link: https://www.econbiz.de/10011565000
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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
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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
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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
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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
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Ökonomische Effekte eines Brexit auf die deutsche und europäische Wirtschaft
Felbermayr, Gabriel; Gröschl, Jasmin; Heiland, Inga; … - 2017
Am 29. März 2017 notifizierte die britische Regierung ihren Austrittswillen nach Art. 50 des EU-Vertrages bei der EU. Der Brexit ist somit offiziell eingeleitet. Am 29. April haben die Staats- und Regierungschefs beim Europäischen Rat nach Art. 50 EUV die Leitlinien für die Verhandlungen...
Persistent link: https://www.econbiz.de/10011815684
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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
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Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?
Hallett, Andrew Hughes; Jensen, Svend E Hougaard; … - 2004
This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...
Persistent link: https://www.econbiz.de/10011689914
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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
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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