Siokis, Fotios M. - In: Economia Internazionale / International Economics 55 (2002) 1, pp. 55-68
In this paper we consider the evidence of liquidity effects on the exchange rate. We consider VAR systems for the U.S. and Euro-area and found that while innovations in US. monetary poiicy lead to the expected depreciation (appreciation) of the U.S. dollar, positive innovations to the Euro-area...
