Showing 49,191 - 49,200 of 49,390
of the 25 sampled floating currencies, excluding the US dollar and euro, there has been a noticeable decrease in the … ratio of a currency’s distance from the euro to its distance from the dollar during the period from 1999 to 2013. Evidence … that exchange risk has increased substantially is also found for dollar-based agents, while it has decreased for euro …
Persistent link: https://www.econbiz.de/10011191193
This paper studies the impact of real effective exchange rate volatility on economic growth as well as the euro … percentage points growth increase. Second, we find that the euro adoption was associated with a decline of 0.4 standard …, the real effective exchange rate of the euro adopters were almost completely insulated. We conclude that real effective …
Persistent link: https://www.econbiz.de/10011191491
Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the … the standard contagion test of Favero and Giavazzi (2002) with a narrative approach to separate out global and euro area … shocks from country-specific shocks. Financial contagion has been widespread during the crisis in the euro area. Three …
Persistent link: https://www.econbiz.de/10011193779
evidence that deviations from relative PPP are related to the forward prediction error for the British pound and the euro … coefficients on the bid-ask spreads are significant for the entire period. The coefficients on the bid-ask spreads of euro exchange …
Persistent link: https://www.econbiz.de/10011193783
The goal of the paper is to define the issue of central banking in the rule of law context in the Czech Republic. The paper deals both with the legislative framework during the creation of Czechoslovak sovereign monetary policy after the year 1918 and legislative framework of modern central...
Persistent link: https://www.econbiz.de/10011194602
The objective of this contribution is to evaluate the impact of the Euro in the International Accounting Standards and …
Persistent link: https://www.econbiz.de/10011194654
its functioning, and Slovakia that was a part of ERM II just for minimum requested period before euro adoption. The third …
Persistent link: https://www.econbiz.de/10011194834
The Czech Republic, Hungary, and Poland are set to join the Economic and Monetary Union (EMU) in the near future. This paper offers a framework for the quantitative evaluation of the economic costs of joining the EMU. Using an open economy dynamic general equilibrium model with sticky prices, we...
Persistent link: https://www.econbiz.de/10011195639
This Selected Issues Paper assesses Macedonia’s public debt markets and presents recommendations for their further development. Macedonia’s domestic debt market is in the early stages of development and is small by regional standards. The paper also analyzes the main causes of...
Persistent link: https://www.econbiz.de/10011244063
started in 2008 feeds a political and academic debate not so deeply developed since the great crisis of the ‘30s. More Euro … or less Euro? More market or less market? More State or less State? Did the expansionary austerity fail, or did it create … risk of implosion of the Euro currency, isn’t it better to manage an exit strategy from the Euro “on the leftâ€, rather …
Persistent link: https://www.econbiz.de/10011134441