Similar Search Results

Arbitrage-Based Tests of Target Zone Credibility: Evidence from ERM Cross-Rate Options.

Campa, J.M.; Chang, P.H.K. - Graduate School of Business, Columbia University - 1995

Persistent link: https://www.econbiz.de/10005776749

Optimal Exchange Rate Targets and Macroeconomic Stabilization.

Ila, E.A. - 1996

Exchange rate targets in a stabilization game are considered. The targeting strategy consists on the choice of a desired level for the exchange and the weight assigned to such target in the loss function. The exchange rate target appears then as an intermediate objective and acts as a surrogate...

Persistent link: https://www.econbiz.de/10005774263

Optimal Exchange Rate Targets and Macroeconomic Stabilization.

Ila, Enrique Alberola - Banco de España - 1996

Persistent link: https://www.econbiz.de/10005088323

Currency Portfolios and Nominal Exchange Rates in a Dual Currency Search Economy.

Craig, B.; Waller, C.J. - London School of Economics (LSE) - 1999

We analyze a dual currency search model in which agents are allowed to hold multiple units of both currencies. Hence …, agents hold portfolios of currency. We study equilibria in which the two currencies are identical and equilibria in which the … two currencies differ according to the magnitude of the 'inflation tax' risk associated with each currency. The inflation …

Persistent link: https://www.econbiz.de/10005776281

Moving the Escudo into the Euro.

de Macedo, J.B.; Nunes, L.C.; Covas, F. - Laval - Laboratoire Econometrie - 1999

The paper documents how the code of conduct implied by membership of the escudo in the Exchange Rate Mechanism of the Europan Monetary System (ERM) allowed Portugal to qualify for Economic and Monetary Union (EMU), ultimately moving the currency into the euro. This unwritten code of conduct...

Persistent link: https://www.econbiz.de/10005475118

Determinants of Currency Risk Premiums.

Carlson, J.A:; Osler, C.L. - Krannert School of Management, Purdue University - 1998

The risk premium is a function of both the interest rate differential and the gap between the current exchange rate and its long-run equilibrium in a model of the foreign exchange market with both non-speculating traders and rational speculators. If the speculators have an alternative to...

Persistent link: https://www.econbiz.de/10005664283

The Current Account Issue Revisited.

Corden, W.M. - Research School of Economics, College of Business and … - 1996

I asked "Does the Current Account Matter?" in Corden (1991). In that article I made a distinction between the Old View and the New View of the current account. The present paper will not repeat the exposition of these two views in any detail. Rather, the aim is both to improve on the rigour of...

Persistent link: https://www.econbiz.de/10004977286

Marco Institucional de la Contabilidad y las Finanzas

Galindo Lucas, Alfonso - Entelequia y Grupo Eumed.net (Universidad de Málaga)

Accounting and Financial methods are useful techniques for business, but their objective study should be inserted in the wider scope of Social Science. Historical issues determine policies and these ones, themselves, configure taxes and other environmental variables. Taxes, interest rates and...

Persistent link: https://www.econbiz.de/10004981883

Life at the Top: International Currencies in the 21st Century

Cohen, Benjamín J - In: Latin American Journal of Economics-formerly Cuadernos … 37 (2000) 110, pp. 9-34

What are the prospects for today’s top international currencies in the twenty-first century? This paper explores how … the future of the top currencies — the dollar, euro and yen— will be influenced by three key considerations: the logic of …

Persistent link: https://www.econbiz.de/10005812086

Imperfect Knowledge and Behavior in the Foreign Exchange Market

Goldberg, M.D.; Frydman, R. - C.V. Starr Center for Applied Economics, Department of … - 1995

Persistent link: https://www.econbiz.de/10005826927

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