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Purchasing Power Parity between the UK and the Euro Area

Canarella, Giorgio - 2015

) between the UK and the Euro Area, which we represent by Germany, the largest of its members. We conduct the empirical analysis …

Persistent link: https://www.econbiz.de/10013036019

Sudden Stops and Asset Purchase Programmes in the Euro Area

Fabiani, Josefina; Fidora, Michael; Setzer, Ralph; … - 2021

This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction of the ECB’s asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i.e. total flows adjusted for EU and IMF loans and changes...

Persistent link: https://www.econbiz.de/10013210724

Sudden stops and asset purchase programmes in the euro area

Fabiani, Josefina; Fidora, Michael; Setzer, Ralph; … - 2021

This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i.e. total flows adjusted for EU and IMF loans and changes...

Persistent link: https://www.econbiz.de/10012643263

Tracking the Euro

Koen, Vincent; Boone, Laurence; de Serres, Alain; … - 2001

During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations proliferated ranging from fundamentals such as differences in growth prospects to psychological factors such as herd behaviour, but no single story fully accounts for the observed...

Persistent link: https://www.econbiz.de/10012446955

Eurozone exit risk

Eichler, Stefan; Rövekamp, Ingmar - 2017

novel measure of eurozone exit risk. We find that while domestic bank stocks are not significantly affected by domestic exit …In the course of eurozone exit, the underlying stocks of American Depositary Receipts (ADRs) would be redenominated … real sector, exposure to eurozone exit risk is heterogeneous among industries and is less negative for more indebted …

Persistent link: https://www.econbiz.de/10011664386

Exchange Rate Misalignments at World and European Levels : A FEER Approach

Jeong, Seeun; Mazier, Jacques; Saadaoui, Jamel - 2017

Since the mid-1990s, we observe an increase of world current account imbalances. These imbalances have only been partially reduced since the burst of the crisis in 2007. They reflect, to some extent, exchange rate misalignments, an issue which has been frequently studied in the literature....

Persistent link: https://www.econbiz.de/10014177279

The transition economies : a NATREX evaluation of research

Stein, Jerome L. - 2005

This paper applies the NATREX model of equilibrium exchange rates to evaluate several key studies of the Central and Eastern European Countries (CEEC) in general, with particular emphasis upon the Czech Republic and Hungary and with references to Poland and Bulgaria. On the basis of the NATREX...

Persistent link: https://www.econbiz.de/10010261174

Central banks and capital flows

Grenville, Stephen A. (contributor) - 2008

Sudden capital outflows were at the heart of the 1997-98 Asian crisis. Ten years later, capital flows are back on the policy agenda, but in a very different context. The countries of East Asia are now getting more inflows than they can effectively absorb and the upward pressure on exchange rates...

Persistent link: https://www.econbiz.de/10003645223

Impact of US quantitative easing policy on emerging Asia

Morgan, Peter J. - 2011

The adoption of quantitative easing (QE) policy by the United States (US) Federal Reserve Bank since early 2009 has …

Persistent link: https://www.econbiz.de/10009379704

The Impossible Trinity and capital flows in East Asia

Grenville, Stephen A. - 2011

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy independence, and...

Persistent link: https://www.econbiz.de/10009379721

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