This study will demonstrate, through an econometric model in time series, if and how the Chinese basket peg has changed in relation to the weight that the European single currency holds within it. Specifically, utilizing Frankel's (1994) econometric model, as revisited by Mele (2010) enriched by...

The European Monetary Union is an unprecedented event in economic history: it is based on an institutional model characterized by a combination of a single monetary policy, mandated by sovereign states to an independent supranational institution, the European Central Bank, and decentralized...

The financial crisis, after pushing governments to adopt exceptional measures to bail out banks and launch challenging plans to revive the economy, has come to expose the sovereign debt of many countries at risk of ”default”. For this reason, the European institutions and national...

The Asian financial crisis of 1997, progressive economic integration into the world system of countries such as China and India, the introduction of the euro in the European continent and the most recent financial crisis of “subprime” mortgages, collectively constitute the factors that have...