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An important condition for the transition to the free float and inflation targeting regime is the ability of the …'s exchange rate policy will allow judging the success of the institutional development which prepares a gradual transition to …
Persistent link: https://www.econbiz.de/10008526694
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integration. Moreover, it seems that, in contrast to EMU, the benefit-cost balance of a move to monetary union is much less …
Persistent link: https://www.econbiz.de/10010727852
integration. Moreover, it seems that, in contrast to EMU, the benefit-cost balance of a move to monetary union is much less …
Persistent link: https://www.econbiz.de/10013369985
integration. Moreover, it seems that, in contrast to EMU, the benefit-cost balance of a move to monetary union is much less …
Persistent link: https://www.econbiz.de/10005802621
introduced recently in Transition Economies. The net balance of costs and benefits involved, for the country and the common …
Persistent link: https://www.econbiz.de/10005677559
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This paper provides a selective overview of nonlinear exchange rate models recently proposed in the literature and assesses their contribution to understanding exchange rate behavior. Two key questions are examined. The first question is whether nonlinear autoregressive models of real exchange...
Persistent link: https://www.econbiz.de/10005825647
We develop a theory-based model of equilibrium exchange rates incorporating factors that have been found to matter empirically. The model provides insights into how variables should be measured and what are appropriate cross-country restrictions. We estimate this model using a panel of 12...
Persistent link: https://www.econbiz.de/10005826165