Showing 1 - 10 of 73,653
Persistent link: https://www.econbiz.de/10000082673
Persistent link: https://www.econbiz.de/10002235643
independent monetary policy. This paper considers an additional factor in this debate, namely the decrease of seigniorage for … Switzerland joined EMU at that time, about half of the seigniorage stemming from the previous Swiss franc currency circulation … third largest contributor of seigniorage in absolute terms after Germany and Spain. In relative terms, the Swiss per capita …
Persistent link: https://www.econbiz.de/10005148566
independent monetary policy. This Paper considers an additional factor in this debate, namely the decrease of seigniorage for … Switzerland joined EMU at that time, about half of the seigniorage stemming from the previous Swiss franc currency circulation … third largest contributor of seigniorage in absolute terms after Germany and Spain. In relative terms, the Swiss per capita …
Persistent link: https://www.econbiz.de/10005656321
The exchange rate between the Naira and other currencies has continued to witness variability with depreciation. This variability makes it difficult to predict returns. Against this background, this paper examines the naira exchange rate vis-a-vis four other currencies. The impact of exogenous...
Persistent link: https://www.econbiz.de/10011661515
We investigate the impact of the European Central Bank's monetary policy announcements on the level and volatility of the EUR-US Dollar exchange rate employing an AR-FIGARCH specification. Using high-frequency data we estimate the individual and complementary effects of the release of the...
Persistent link: https://www.econbiz.de/10003763600
This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US dollar exchange rate regimes remain pervasive and...
Persistent link: https://www.econbiz.de/10003825947
This paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the signalling channel. The theoretical premise of the model is that interventions...
Persistent link: https://www.econbiz.de/10009312174
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685
Cambodia's economic and social achievements over the past ten years have been the most impressive in its history. Nevertheless, Cambodia today is still as dollarized, if not more so, than it was ten years ago. What is this so, and what, if anything, should the Government do? This paper attempts...
Persistent link: https://www.econbiz.de/10011282131