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Poland is obligated to adopt the euro after the fulfilment, inter alia, of the exchange rate criterion which requires … estimate real Polish zloty/euro equilibrium rate. Although the main goal of our analysis is to compute measures of current and …
Persistent link: https://www.econbiz.de/10003813605
The behavior of the dollar/euro exchange rate is modeled using a monetary model of the exchange rate. The econometric … analysis is complicated by the short sample span of actual euro data available for analysis. Hence, data on a "synthetic" euro …, is identified for the 1991M08-1999M12 period using the Johansen procedure. The model implies that the euro was …
Persistent link: https://www.econbiz.de/10009583879
The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...
Persistent link: https://www.econbiz.de/10011900831
misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is …
Persistent link: https://www.econbiz.de/10003933130
misalignment exists in the trilateral rates between the RMB, US$ and euro. The finding refutes the claim that RMB appreciation is …
Persistent link: https://www.econbiz.de/10003933930
-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate …
Persistent link: https://www.econbiz.de/10010529098
In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro … seven developed countries, four of them Euro-area members. Second, we aggregate the European variables and estimate a model … for the Euro-dollar real exchange rate using time series techniques. After identification and model selection, the same …
Persistent link: https://www.econbiz.de/10011538958
EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …
Persistent link: https://www.econbiz.de/10008669943
. Additionally, for all individual euro area countries, harmonised competitiveness indicators (HCIs) are published by the European … Central Bank (ECB) based on the same methodology as the euro EERs. This paper describes how the calculation of the ECB's EERs …. Importantly, the ECB's wellestablished methodology - which in particular accounts for competition faced by euro area exporters in …
Persistent link: https://www.econbiz.de/10014558999
Firstly, we show that domestic prices of net importer countries incorporate a risk premium, driven by higher moments of future nominal exchange rate returns and secondly, using US dollar exchange rates against three currencies of major net exporting countries to the US such as Canada, Japan and...
Persistent link: https://www.econbiz.de/10012230006