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When I wrote my book on EMU four years ago (Kenen 1995), very little had been written on the international dimensions of EMU. There was a chapter in the Commission's path-breaking study (European Commission, 1990). There were papers by Alogoskoufis and Portes (1991, 1992), Cooper (1992),...
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The effectiveness of the foreign exchange market interventions conducted by the Deutsche Bundesbank during the Louvre period to alter either the level or the volatility of the $/DM spot rate is examined. Volatility quotes implicit in foreign currency options are employed to recover the impact of...
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China's exchange-rate policy has been under attack in the last years, especially in the United States. Now the critique … between China's allegedly undervalued currency European Union's soaring bilateral trade deficit with China. This Policy Brief … discusses EU-China trade relations in the context of China's exchange-rate policy. Especially it scrutinizes the assumptions …
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