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Nominal and real effective krone rate indices for Denmark 1875-2002
Abildgren, Kim - 2004
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/10010321204
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Monetary and Financial Thinking in Europe: Evidence from Four Decades of SUERF
Abraham, Jean-Paul - 2003
Management commissioned Professor Jean-Paul Abraham to write a commemorative report. His mandate was not to write a history of …
Persistent link: https://www.econbiz.de/10011689909
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Cambodia's persistent dollarization : causes and policy options
Menon, Jayant - 2008
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
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Inflation targeting in Colombia, 2002 - 2012
Urrutia, Miguel; Hofstetter Gascón, Marcel; Hamann S., … - 2014
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
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Identifying the weights in exchange market pressure
Klaassen, Franc - 2011
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
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How Can Financial Constraints Force a Central Bank to Exit a Currency Peg? An Application to the Swiss Franc Peg
Pinter, Julien - 2019
Recent research recognize that two balance sheet constraints can be of particular concern for an independent central bank: central bank equity cannot turn negative without any political and credibility risk, and central banks should avoid going insolvent if they want to maintain control over...
Persistent link: https://www.econbiz.de/10012889852
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Foreign Exchange Intervention : A Dataset of Public Data and Proxies
Adler, Gustavo; Chang, Kyun Suk; Mano, Rui C.; Shao, Yuting - 2021
Foreign exchange intervention (FXI) is a highly debated topic. Yet, comprehensive and comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a large number of countries over the period 2000-20 at monthly and quarterly frequencies. It includes publicly available...
Persistent link: https://www.econbiz.de/10013226447
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Implications of Emu for Exchange Rate Policy in Central and Eastern Europe
Kopits, George - 2021
In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in...
Persistent link: https://www.econbiz.de/10013317738
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De Facto and Official Exchange Rate Regimes in Transition Economies
von Hagen, Jürgen; Zhou, Jizhong - 2002
This paper provides an empirical investigation on the discrepancies between official exchange rate regimes and de facto exchange rate policies in transition economies. Since official and de facto regime choices are not independent of each other, we adopt a bivariate probit model to describe the...
Persistent link: https://www.econbiz.de/10014115338
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Time-varying dynamics of the real exchange rate : a structural VAR analysis
Mumtaz, Haroon; Sunder-Plassmann, Laura - 2010
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