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This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …
Persistent link: https://www.econbiz.de/10014401399
The paper looks at the hypothesis that financial market liberalization can create a basis for more stable exchange rates, as deviations of exchange rates from equilibrium levels bring forth stabilizing flows of liquidity. This ""endogenous liquidity"" hypothesis suggests that opening financial...
Persistent link: https://www.econbiz.de/10014404080
increasingly integrated into the euro-zone area and that has a strong macroeconomic track record. We illustrate that neither the …
Persistent link: https://www.econbiz.de/10014402477
, as conveyed by an implied risk-neutral probability distribution, from option prices for the dollar-euro exchange rate …
Persistent link: https://www.econbiz.de/10014402029
regard to the prices of traded goods in small countries that have not adopted the euro and uses the Bayoumi-Eichengreen OCA … not adopted the euro have increasingly seen a change in the determinants of their traded goods prices. This seems to … contrast with the experience of small countries that adopted the euro. The results need to be interpreted carefully, given the …
Persistent link: https://www.econbiz.de/10014402034
Persistent link: https://www.econbiz.de/10011672615
of the next major step for these countries in their move toward full integration with the EU-adoption of the euro …. Seeking to consider the opportunities and challenges of euro adoption, the papers in this volume--by a noted group of country … dimensions of euro adoption in these eight new EU members--how they should prepare, whether an early move is optimal, and what …
Persistent link: https://www.econbiz.de/10014404399
Persistent link: https://www.econbiz.de/10013480726
US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power …
Persistent link: https://www.econbiz.de/10013503301