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Exchange rate misalignments in frequency domain
Grossmann, Axel; Orlov, Alexei G. - In: International review of economics & finance : IREF 24 (2012), pp. 185-199
Persistent link: https://www.econbiz.de/10009690207
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Determinants of the euro real effective exchange rate: a BEER/PEER approach
Maeso-Fernandez, Francisco; Osbat, Chiara; Schnatz, Bernd - EconWPA - 2001
This paper presents an empirical analysis of the medium-term determinants of the euro effective exchange rate. The … the euro effective exchange rate. Assessing the existence and the extent of the over- or undervaluation of the exchange … models point unambiguously to the undervaluation of the euro in 2000, although the extent of this undervaluation largely …
Persistent link: https://www.econbiz.de/10005408176
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Revisiting the theory of optimum currency areas: Is the CFA franc zone sustainable?
COUHARDE, Cécile; Guerreiro, David; Mignon, Valérie; … - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012
This paper aims at explaining why the CFA countries have successfully maintained a currency union for several decades, despite failing to meet many of optimum currency area criteria. We suggest that the CFA zone, while not optimal, has been at least sustainable. We test this sustainability...
Persistent link: https://www.econbiz.de/10010992384
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Revisiting the theory of optimum currency areas: Is the CFA franc zone sustainable?
Couharde, Cécile; Coulibaly, Issiaka; Guerreiro, David; … - Centre d'études prospectives et d'informations … - 2012
This paper aims at explaining why the CFA countries have successfully maintained a currency union for several decades, despite failing to meet many of optimum currency area criteria. We suggest that the CFA zone, while not optimal, has been at least sustainable. We test this sustainability...
Persistent link: https://www.econbiz.de/10010604033
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Revisiting the theory of optimum currency areas: Is the CFA franc zone sustainable?
Couharde, Cécile; Coulibaly, Issiaka; Guerreiro, David; … - In: Journal of Macroeconomics 38 (2013) PB, pp. 428-441
This paper aims at explaining why the CFA countries have successfully maintained a currency union for several decades, despite failing to meet many of optimum currency area criteria. We suggest that the CFA zone, while not optimal, has been at least sustainable. We test this sustainability...
Persistent link: https://www.econbiz.de/10011065292
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How successful is the G7 in managing exchange rates?
Fratzscher, Marcel - 2008
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10011604998
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China's dominance hypothesis and the emergence of a tri-polar global currency system
Fratzscher, Marcel; Mehl, Arnaud - 2011
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …
Persistent link: https://www.econbiz.de/10011605438
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Has the euro affected the choice of invoicing currency?
Ligthart, Jenny E.; Werner, Sebastian E. V. - 2010
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10010275698
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The dynamics of exchange rate volatility: A panel VAR approach
Grossmann, Axel; Love, Inessa; Orlov, Alexei G. - In: Journal of International Financial Markets, … 33 (2014) C, pp. 1-27
This paper employs a panel vector autoregressive model (PVAR) to study the dynamics of the overall exchange rate volatility. PVAR estimation results, based on panel data for 29 economies, are used in simulating impulse response functions. Since economic shocks may affect high-frequency and...
Persistent link: https://www.econbiz.de/10011189480
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The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate
Benassy-Quere, Agnes; Forouheshfar, Yeganeh - 2013
the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …
Persistent link: https://www.econbiz.de/10010292492