The model of pre- and post-euro foreign exchange trading explains wider spreads on the euro as a result of three possible causes: a reduction in hedging opportunities due to the elimination of the legacy currencies, policy uncertainty on the part of the ECB, and asymmetric information due to ...
Productivity and the Euro-Dollar Real Exchange Rate This paper utilizes a large country open economy intertemporal model to obtain the effects of alternative types of productivity shocks on the real exchange... P Bergin,G Willmann 被引量: 0发表: 2007年 Productivity shocks, the real exchange rat...
This study examines changes in the impact of the economic fundamentals on the euro–dollar exchange rate. First, the monetary model is augmented with the equity markets and the model is estimated in its structural form. Second, the time-varying impacts of the long-run fundamentals representing eq...
This paper investigates whether the depreciation of the euro vis-à-vis the US dollar exchange rate during 2000 can be attributed to asymmetric investor reactions to economic and political news, including central bank statements. Daily euro–dollar exchange rate changes from April 1, 2000 through Se...
Determining an equilibrium euro/dollar exchange rate : a cointegration approach We apply cointegration techniques to monthly euro/dollar exchange rate data from 1990-1999.The evidence suggests the existence of a stable relationship between the exchange rates, price levels and interest rates.This relations...
Real exchange rate in commodity exporting countries under a hypothetical peg to a nominal anchor (oil price in either the radical or moderate version) or to a basket (containing the US Dollar, Yen and the Euro) and compare this simulation with whatever exchange rate regime each coun... L He...