In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus seven developed countries, four of them...

In contrast with the large literature that studies the interactions between the oil and the foreign exchange (FX) markets at the return level, this paper examines their relationship at the risk level. We employ the multivariate stochastic volatility (MSV) and the multivariate conditional...