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The Anticipated and Concurring Effects of the Emu : Exchange Rate Volatility, Institutions and Growth

Bagella, Michele; Becchetti, Leonardo; Hasan, Iftekhar - 2004

Reduced exchange rate volatility and higher and less heterogeneous quality of institutional rules and macroeconomic …

Persistent link: https://www.econbiz.de/10014068083

The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence

D'Adamo, Gaetano - 2013

During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...

Persistent link: https://www.econbiz.de/10013074886

The impact of CHF/EUR exchange rate uncertainty on swiss exports to the Eurozone : evidence from a threshold VAR1

Loermann, Julius Ferdinand - 2018

In light of the recent discussion regarding the measurement of uncertainty and its impact on economic activity, this paper derives forward-looking measures of uncertainty and directional expectations for the CHF/EUR exchange rate based on over-the-counter option data and analyses its impact on...

Persistent link: https://www.econbiz.de/10011946988

The trade and FDI effects of EMU enlargement

Brouwer, Jelle Hindriks; Paap, Richard; Viaene, Jean-Marie - 2007

investment and a relationship between trade and exchange rate volatility that depend on the sign of bilateral trade balances …

Persistent link: https://www.econbiz.de/10011372974

Exchange Rate Volatility and Euro Area Imports

Anderton, Bob; Skudelny, Frauke - 2021

captures various mechanisms by which exchange rate volatility may influence the demand for extra-euro area imports. If … importers are risk averse, the model predicts not only a negative effect of exchange rate volatility, but also substitution … volatility. Using quarterly data for the past eleven years, panel estimates suggest that extra-area exchange rate volatility may …

Persistent link: https://www.econbiz.de/10013320282

Nominal convergence

Iancu, Aurel - 2009

After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the...

Persistent link: https://www.econbiz.de/10010529098

Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999 - 2000

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

Persistent link: https://www.econbiz.de/10001584428

Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000?

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...

Persistent link: https://www.econbiz.de/10011473872

Seasonal Processes in the Euro - US Dollar Daily Exchange Rate

Cellini, Roberto - 2012

We analyse the pattern of daily Euro - US Dollar exchange rates from the birth of Euro in January 1999 to December 2011. We document that also this series is I(1), as is usual for nominal bilateral exchange rates. However, we find evidence of the presence of day effects – even if they play a...

Persistent link: https://www.econbiz.de/10013104291

Modelling Ireland's exchange rates : from EMS to EMU

Bond, Derek (contributor); Harrison, Michael J. (contributor) - 2007

to 2003. It offers an overview of the theory of purchasing power parity (Ppp), focusing particularly on likely sources of …

Persistent link: https://www.econbiz.de/10003616696