Showing 1 - 10 of 27
Persistent link: https://www.econbiz.de/10002148388
exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro … (the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …
Persistent link: https://www.econbiz.de/10010265822
Given the shortcomings of the current responses to the sovereign debt crisis in the eurozone, the author proposes utilising national gold reserves as collateral for government debt. Gold backing would be quite attractive to bond investors and would significantly ease the burden of high sovereign...
Persistent link: https://www.econbiz.de/10009775696
This paper deals with the impact of the $/Euro exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our … implement an algorithm describing play-hysteresis into a regression framework. A unique pain threshold of the $/Euro exchange … the historical path of the whole process. We come up with an estimate of a play area width of 24 US dollar cent per euro …
Persistent link: https://www.econbiz.de/10010265824
Collateral plays a central role in monetary policy. In recent years, its importance has increased as uncollateralised inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected collateral availability and the need for high-quality assets....
Persistent link: https://www.econbiz.de/10010504556
Persistent link: https://www.econbiz.de/10003803392
Persistent link: https://www.econbiz.de/10009626662
In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR …
Persistent link: https://www.econbiz.de/10010269994
Persistent link: https://www.econbiz.de/10011290776
Persistent link: https://www.econbiz.de/10001986716