This paper ivestigates the past behaviour of the dollar/euro exchange rate.

In this paper we investigate empirically the relationship among conditional mean and variances of exchange rate depreciation, inflation and output growth in Mexico using a multivariate GARCH-in-mean model (MGARCH-M). The study is performed with monthly data over the period 1993-2009. The results...

This paper investigates the relationship between energy prices and the real effective exchange rate of commodity-exporting countries. We consider two sets of countries: 10 energy-exporting and 23 non-fuel commodity-exporting countries over the period 1980-2011. Estimating a panel cointegrating...

Using monthly data, this paper studies the cointegration between the real price of oil and the real effective exchange rate of US dollar allowing for structural breaks. Contrary to the conclusion from previous literature, this paper finds that the cointegration between the oil price and the...

A currency board combines three elements: a fixed exchange rate between a country’s currency and an “anchor currency,” automatic convertibility, and a long-term commitment to the system, often made explicit in the central bank law. The main reason for countries to consider a currency board...

So far, we can say that although the euro area has resisted even more than some of its critics believed, this does not make it invulnerable. In the context of current major macroeconomic imbalances, nominal convergence problem has received many analyzes and reflections. Insufficiency of the...

The literature about the relationship between the exchange rate and the interest rate is quite extensive. This paper realizes an overview of the theories, problems and limits regarding the exchange rate and one of its determinant, the interest rate.

The financial crisis of 2008 is unprecedented and has led to a completely new situation in the monetary and financial integration of the EU. Some member states of the EU are threatened by bankruptcy which could also risk the achievements of monetary integration and the strong stability...

In this paper, we analyze the differences in the sensibility of the distribution and transportation margin to exchange rate variations among different sectors in several European countries between 1995 and 2007. On the one hand, we provide new evidence that the margin reacts to exchange rate...

The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...