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We examine the relationship between exchange rate movements and the real economy – an area that has been the focus of considerable debate in recent years. We consider different concepts of exchange rate equilibrium, and review recent evidence on whether the New Zealand dollar exchange rate...
Persistent link: https://www.econbiz.de/10012115662
questionnaire evidence. We find that fund managers and FX dealers differ significantly. Fund managers rely more on fundamentals …
Persistent link: https://www.econbiz.de/10010273998
40 advanced and emerging countries, we analyse the sensitivity of yields to country specific fundamentals interacted with …
Persistent link: https://www.econbiz.de/10012389558
dominate at the shortest-term and fundamentals at longer horizons. Preferred users of each kind of analysis exhibit different …
Persistent link: https://www.econbiz.de/10010317611
Persistent link: https://www.econbiz.de/10010290679
industrialised countries. A periodically collapsing rational bubble is defined as an explosive deviation from economic fundamentals … find robust evidence of a bubble driving the exchange rate away from fundamentals. Moreover, the results also revealed …
Persistent link: https://www.econbiz.de/10010290681
This paper investigates the relationship between the euro-dollar exchange rate and its underlying fundamentals. First … of different regimes, and thus nonlinearities in the link between the exchange rate and its fundamentals. Second, we … are that different sets of macroeconomic fundamentals act as driving forces of the exchange rates during different time …
Persistent link: https://www.econbiz.de/10010261347
40 advanced and emerging countries, we analyse the sensitivity of yields to country specific fundamentals interacted with …
Persistent link: https://www.econbiz.de/10012138612
At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro-dollar exchange rate over a period from 1975 to 1998 and...
Persistent link: https://www.econbiz.de/10005083168
and directed their focus almost exclusively towards traditional, ‘fundamentals-based’ explanations. Among these …, when the euro started appreciating, a different set of fundamentals had to be isolated in order to account for such … the ‘fundamentals' one. …
Persistent link: https://www.econbiz.de/10005021908