Similar Search Results

What if the UK has Joined the Euro in 1999? An Empirical Evaluation using a Global VAR

Pesaran, M Hashem; Smith, L Vanessa; Smith, Ron P - 2005

entry to the euro. We derive conditional probability distributions for the difference between the future realisations of …, Pesaran and Smith (2005). The paper briefly describes the GVAR which has been estimated for 25 countries and the euro area … euro area as a result of entry. It examines the sensitivity of these results to a variety of assumptions about UK entry. …

Persistent link: https://www.econbiz.de/10009442008

Exchange rate exposure of U.S. industries

Luangnarumitchai, Jakkapan - 2009

This thesis examines exchange rate exposure of 30 U.S. industries between 1974 and 2008 using traditional and orthogonalized linear models. Similar to the literature, when using traditional linear model we find that exposure is very time dependent and often insignificant. However, we discover...

Persistent link: https://www.econbiz.de/10009475845

Strategic Interactions of Monetary Policymakers and Wage/Price Bargainers: A Review with Implications for the European Common-Currency Area

Franzese, Robert J. - 2001

This paper reviews recent work on macroeconomic management with varying organization of wage/price bargaining and degrees of credible monetary conservatism. The emerging literature synthesizes and extends theory and empirics on central bank independence (CBI) and coordinated wage/price...

Persistent link: https://www.econbiz.de/10009476726

Implications of ERM2 for Poland’s Monetary Policy

Orlowski, Lucjan T.; Rybinski, Kryzstof - 2005

exchange rate stability constraints imposed by the obligatory participation in the ERM2 on the path to the euro. The modified … policy framework is based on targeting the differential between the domestic and the implicit euro area inflation forecasts …

Persistent link: https://www.econbiz.de/10009476869

Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues

Égert, Balázs; Halpern, László; MacDonald, Ronald - 2005

In this paper we present an overview of a number of issues relating to the equilibrium exchange rates of transition economies of the former soviet bloc. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss how...

Persistent link: https://www.econbiz.de/10009477512

Europos Centrinio banko veiklos teisinis reguliavimas

Narbutaitė, Gema - 2006

the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …

Persistent link: https://www.econbiz.de/10009478178

Euro įvedimo Lietuvoje pasekmių analizė, atsižvelgiant į užsienio šalių patyrimą

Davulis, Gediminastestas - 2008

Straipsnyje nagrinėjamos galimos euro įvedimo Lietuvoje pasekmės bei euro įvedimo strategija. Nurodomi svarbiausi … istoriniai Europos integravimosi momentai, vedę prie Europos pinigų sąjungos susikūrimo. Aptariama tarptautinė euro reikšmė bei … bendrosios valiutos privalumai bei trūkumai. Aptariama Lietuvos strategija bei būtinos priemonės euro įvedimui. …

Persistent link: https://www.econbiz.de/10009478229

Euro ir JAV dolerio santykis: dinamika, jos priežastys, perspektyvų vertinimas

Zatorskis, Marijus - 2011

Bakalauro baigiamajame darbe nagrinėjamas euro ir JAV dolerio kursas 1999-2011 metais ir jo perspektyvos. Pirmoje … fundamentalioji analizė ir išanalizuoti pagrindiniai makroekonominiai euro zonos ir JAV rodikliai. Nustatyta, kad ilguoju laikotarpiu … regresijos lygtis. Kiti faktoriai, tokie kaip valstybių skolų lygis, palūkanų skirtumai, įtakojo euro-JAV dolerio kursą …

Persistent link: https://www.econbiz.de/10009479209

Nominal versus Real Convergence with Respect to EMU Accession.How to Cope with the Balassa-Samuelson Dilemma

Paul de Grauwe; Gunther Schnabl - 2004

within the projected time frame. Despite the merits of nominal appreciation, countries committed to hard euro pegs might …

Persistent link: https://www.econbiz.de/10009483190

The World Monetary System and External Relations of the EMU ?? Fasten your safety belts!

ECSA-Austria: European Integration online Papers

Traditionally clustered around one leading "hegemonic" world currency, with the introduction of the euro the … in the international consequences of the introduction of the Euro and analyzes the costs and gains from cooperation in …

Persistent link: https://www.econbiz.de/10009483196